DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2014

DISCONTINUED OPERATIONS

Schedule of revenue and net income (loss) of the discontinued operations

The revenue and net loss reported as discontinued operations in the accompanying consolidated statements of operations are as follows (in thousands):

	Three Months Ended   September 30,						Nine Months Ended   September 30,
	2014			2013			2014			2013
Revenue	$	114		$	(37	)	$	118		$	(1,523	)
Loss before income taxes	$	(175	)	$	(526	)	$	(3,676	)	$	(3,908	)
Income tax benefit (expense)	1			(3		)	(3		)	(54		)
Gain from sale of discontinued operations, net of tax	—			—			—			10,101
Net income (loss)	$	(174	)	$	(529	)	$	(3,679	)	$	6,139

Schedule of assets and liabilities of the discontinued operations

The assets and liabilities of discontinued operations in the accompanying consolidated balance sheets are as follows (in thousands):

	September 30, 2014			December 31, 2013
Current assets	$	125		$	521
Non-current assets	100			129
Current liabilities	(31,782		)	(32,004		)
Non-current liabilities	(215		)	(254		)
Net liabilities	$	(31,772	)	$	(31,608	)

Lending Tree Loans

DISCONTINUED OPERATIONS

Schedule of loans sold for the period and the aggregate loan losses

The following table represents the loans sold for the periods shown and the aggregate loan losses through September 30, 2014:

	September 30, 2014
Period of Loan Sales	Number of Loans Sold	Original Principal Balance		Number of Loans with Losses	Original Principal Balance of Loans with Losses		Amount of Aggregate Losses
		(in billions)			(in millions)		(in millions)
2014	—	$	—	—	$	—	$	—
2013	—	—		—	—		—
2012	9,200	1.9		—	—		—
2011	12,500	2.7		1	0.3		0.1
2010	12,400	2.8		4	1.1		0.1
2009	12,800	2.8		5	1.2		0.2
2008	11,000	2.2		33	6.9		2.2
2007	36,300	6.1		160	22.1		8.2
2006	55,000	7.9		207	24.5		13.4
2005 and prior years	86,700	13.0		89	12.3		5.0
Total	235,900	$	39.4	499	$	68.4	$	29.2

Schedule of activity related to loss reserves on previously sold loans

The activity related to loss reserves on previously sold loans is as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014			2013
Loan loss reserve, beginning of period	$	28,390	$	28,675	$	28,543		$	27,182
Provisions	—		38		—			1,531
Charge-offs to reserves	—		—		(153		)	—
Loan loss reserve, end of period	$	28,390	$	28,713	$	28,390		$	28,713