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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue, net        
Total net revenue $ 782,544 $ 373,709 $ 1,134,117 $ 741,438
Cost of goods sold        
Total cost of goods sold 602,662 299,810 878,395 594,415
Gross profit 179,882 73,899 255,722 147,023
Operating expenses        
Sales and marketing 79,790 34,560 116,552 68,037
Technology 33,678 33,153 66,474 68,586
General and administrative 27,371 31,964 59,797 72,196
Total operating expenses 140,839 99,677 242,823 208,819
Operating income (loss) 39,043 (25,778) 12,899 (61,796)
Interest income 614 630 886 1,033
Interest expense (588) (105) (788) (232)
Other income (expense), net (4,171) (2,995) 2,512 (9,267)
Income (loss) before income taxes 34,898 (28,248) 15,509 (70,262)
Provision (benefit) for income taxes 517 (622) 693 256
Net income (loss) 34,381 (27,626) 14,816 (70,518)
Less: Net loss attributable to noncontrolling interests (1,975) (2,945) (5,207) (6,593)
Net income (loss) attributable to stockholders of Overstock.com, Inc. $ 36,356 $ (24,681) $ 20,023 $ (63,925)
Net income (loss) per common share—basic:        
Net income (loss) attributable to common shares—basic $ 0.85 $ (0.69) $ 0.48 $ (1.85)
Weighted average common shares outstanding—basic 40,329 35,225 40,243 33,806
Net income (loss) per common share—diluted:        
Net income (loss) attributable to common shares—diluted $ 0.84 $ (0.69) $ 0.47 $ (1.85)
Weighted average common shares outstanding—diluted 40,590 35,225 40,440 33,806
Retail        
Revenue, net        
Total net revenue $ 766,956 $ 367,475 $ 1,106,554 $ 730,100
Cost of goods sold        
Total cost of goods sold 589,044 294,984 854,436 585,624
Gross profit 177,912 72,491 252,118 144,476
Operating expenses        
Total operating expenses 124,991 81,596 207,826 166,929
Income (loss) before income taxes 52,804 (9,065) 43,876 (22,278)
Other        
Revenue, net        
Total net revenue 15,588 6,234 27,563 11,338
Cost of goods sold        
Total cost of goods sold $ 13,618 $ 4,826 $ 23,959 $ 8,791