DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Jun. 30, 2017

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 and comprehensive income are as follows (in thousands):

	Three Months Ended   June 30,						Six Months Ended   June 30,
	2017			2016			2017			2016
Revenue	$	—		$	—		$	(750	)	$	1
Loss before income taxes	$	(1,059	)	$	(1,769	)	$	(2,494	)	$	(3,619	)
Income tax benefit	370			619			873			1,266
Net loss	$	(689	)	$	(1,150	)	$	(1,621	)	$	(2,353	)

Schedule of the number of loans sold and the original issue balance

The following table represents the aggregate loans sold, subsequent settlements and remaining unsettled loans.

	Number of Loans		Original Issue Balance
	(in thousands)		(in billions)
Loans sold by HLC	234		$	38.9
Subsequent settlements	(172	)	(28.8		)
Remaining unsettled balance as of June 30, 2017	62		$	10.1

Lending Tree Loans

DISCONTINUED OPERATIONS

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   June 30,				Six Months Ended   June 30,
	2017		2016		2017		2016
Loan loss reserve, beginning of period	$	7,554	$	8,127	$	6,804	$	8,127
Provisions	—		—		750		—
Charge-offs to reserves	—		—		—		—
Loan loss reserve, end of period	$	7,554	$	8,127	$	7,554	$	8,127