QUARTERLY RESULTS OF OPERATIONS (unaudited) (Tables)

12 Months Ended

Dec. 31, 2021

Quarterly Financial Information Disclosure [Abstract]

Schedule of unaudited quarterly results of operations data

23. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

The following tables set forth our unaudited quarterly results of operations data for the eight most recent quarters for the period ended December 31, 2021. We have prepared this information on the same basis as the consolidated statements of operations and the information includes all adjustments that we consider necessary for a fair statement of its financial position and operating results for the quarters presented.

	Three Months Ended
	March 31, 2021		June 30, 2021		September 30, 2021		December 31, 2021
	(in thousands, except per share data)
Consolidated Statement of Operations Data:
Net revenue	$	659,861	$	794,536	$	689,390	$	612,659
Cost of goods sold	506,337		619,710		532,682		473,815
Gross profit	153,524		174,826		156,708		138,844
Operating expenses:
Sales and marketing	73,538		85,272		75,650		67,970
Technology	30,523		30,383		31,178		30,917
General and administrative	22,871		22,660		21,031		20,837
Total operating expenses	126,932		138,315		127,859		119,724
Operating income	26,592		36,511		28,849		19,120
Interest expense, net	(155)		(130)		(139)		(132)
Other income (expense), net	(226)		298		(79)		12,507
Income before income taxes from continuing operations	26,211		36,679		28,631		31,495
Provision (benefit) for income taxes	193		(45,726)		(1,795)		(1,447)
Income from continuing operations	26,018		82,405		30,426		32,942
Income (loss) from discontinued operations, net of income taxes	(10,126)		227,372		—		—
Consolidated net income	$	15,892	$	309,777	$	30,426	$	32,942
Less: Net loss attributable to noncontrolling interests - discontinued operations	(201)		(134)		—		—
Net income attributable to stockholders of Overstock.com, Inc.	$	16,093	$	309,911	$	30,426	$	32,942
Net income (loss) attributable to common shares—basic
Continuing operations	$	0.57	$	1.73	$	0.64	$	0.69
Discontinued operations	(0.23)		4.78		—		—
Total	$	0.34	$	6.51	$	0.64	$	0.69
Net income (loss) attributable to common shares—diluted
Continuing operations	$	0.56	$	1.72	$	0.63	$	0.68
Discontinued operations	(0.23)		4.75		—		—
Total	$	0.33	$	6.47	$	0.63	$	0.68
Weighted average shares of common stock outstanding:
Basic	42,885		43,009		43,014		43,016
Diluted	43,320		43,314		43,324		43,370

	Three Months Ended
	March 31, 2020		June 30, 2020		September 30, 2020		December 31, 2020
	(in thousands, except per share data)
Consolidated Statement of Operations Data:
Net revenue	$	339,598	$	766,956	$	717,695	$	669,666
Cost of goods sold	265,392		589,044		548,982		519,141
Gross profit	74,206		177,912		168,713		150,525
Operating expenses:
Sales and marketing	36,345		79,215		71,292		73,862
Technology	27,281		29,063		29,934		29,970
General and administrative	23,885		20,837		28,625		24,332
Total operating expenses	87,511		129,115		129,851		128,164
Operating income (loss)	(13,305)		48,797		38,862		22,361
Interest expense, net	(11)		(364)		(264)		(199)
Other income (expense), net	(287)		246		59		595
Income (loss) before income taxes from continuing operations	(13,603)		48,679		38,657		22,757
Provision (benefit) for income taxes	163		840		753		(393)
Income (loss) from continuing operations	(13,766)		47,839		37,904		23,150
Loss from discontinued operations, net of income taxes	(5,799)		(13,458)		(16,678)		(13,021)
Consolidated net income (loss)	$	(19,565)	$	34,381	$	21,226	$	10,129
Less: Net loss attributable to noncontrolling interests - discontinued operations	(3,232)		(1,975)		(2,165)		(2,458)
Net income (loss) attributable to stockholders of Overstock.com, Inc.	$	(16,333)	$	36,356	$	23,391	$	12,587
Net income (loss) attributable to common shares—basic
Continuing operations	$	(0.34)	$	1.12	$	0.81	$	0.48
Discontinued operations	(0.06)		(0.27)		(0.31)		(0.22)
Total	$	(0.40)	$	0.85	$	0.50	$	0.26
Net income (loss) attributable to common shares—diluted
Continuing operations	$	(0.34)	$	1.11	$	0.81	$	0.48
Discontinued operations	(0.06)		(0.27)		(0.31)		(0.22)
Total	$	(0.40)	$	0.84	$	0.50	$	0.26
Weighted average shares of common stock outstanding:
Basic	40,158		40,329		41,595		42,765
Diluted	40,158		40,590		42,202		43,326