BUSINESS SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Summary of Information About Reportable Segments

The following table summarizes information about reportable segments and a reconciliation to consolidated net income (loss) for the three months ended March 31, 2020 and 2019 (in thousands):

	Three months ended March 31,
	Retail			tZERO			MVI			Other			Total
2020
Revenue, net	$	339,598		$	10,239		$	1,574		$	162		$	351,573
Cost of goods sold	265,392			8,767			1,574			—			275,733
Gross profit	74,206			1,472			—			162			75,840
Operating expenses	82,835			12,258			2,908			3,983			101,984
Interest and other income (expense), net (1)	(299		)	(1,782		)	8,833			3			6,755
Pre-tax income (loss)	$	(8,928	)	$	(12,568	)	$	5,925		$	(3,818	)	(19,389		)
Provision for income taxes													176
Net loss (2)													$	(19,565	)
2019
Revenue, net	$	362,625		$	4,496		$	608		$	—		$	367,729
Cost of goods sold	290,640			3,357			608			—			294,605
Gross profit	71,985			1,139			—			—			73,124
Operating expenses	85,336			15,553			4,253			4,000			109,142
Interest and other income (expense), net (1)	135			(963		)	(5,164		)	(4		)	(5,996		)
Pre-tax loss	$	(13,216	)	$	(15,377	)	$	(9,417	)	$	(4,004	)	(42,014		)
Provision for income taxes													878
Net loss (2)													$	(42,892	)

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(1) — Excludes intercompany transactions eliminated in consolidation, which consist primarily of service fees and interest. The net amounts of these intercompany transactions were $1.1 million and $415,000 for the three months ended March 31, 2020 and 2019.

(2) — Net loss presented for segment reporting purposes is before any adjustments attributable to noncontrolling interests.