XML 57 R37.htm IDEA: XBRL DOCUMENT v3.3.1.900
DISCONTINUED OPERATIONS (Tables) - Lending Tree Loans
 12 Months Ended
Dec. 31, 2015
DISCONTINUED OPERATIONS  
Schedule of revenue and net income of the discontinued operations
The revenue and net (loss) income that are reported as discontinued operations in the accompanying consolidated statements of operations and comprehensive income are as follows (in thousands):
 
Year Ended December 31,
 
2015
 
2014
 
2013
Revenue
$
6

 
$
14,256

 
$
(1,520
)
 
 
 
 
 
 
(Loss) income before income taxes (a)
$
(5,047
)
 
$
10,392

 
$
(4,887
)
Income tax benefit (expense)
1,778

 
(543
)
 
(54
)
Gain from sale of discontinued operations, net of tax
—

 
—

 
9,561

Net (loss) income
$
(3,269
)
 
$
9,849

 
$
4,620

(a)
Income before income taxes for the year ended December 31, 2014 includes income from a reduction in the loan loss reserve of $14.1 million. See additional information in "Loan Loss Obligations" below.
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):
 
Year Ended December 31,
 
2015
 
2014
 
2013
Loan loss reserve, beginning of period
$
8,750

 
$
28,543

 
$
27,182

Provision adjustments (a)
—

 
(14,144
)
 
1,531

Charge-offs to reserves
(623
)
 
(5,649
)
 
(170
)
Loan loss reserve, end of period
$
8,127

 
$
8,750

 
$
28,543

(a)
As discussed above, during 2014, LendingTree Loans completed a settlement agreement with the largest investor to which it had sold loans, resulting in an adjustment to the provision.