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QUARTERLY FINANCIAL INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information [Abstract]  
Schedule of quarterly financial information
The following tables set forth summary financial information for the years ended December 31, 2017 and 2016:
 
Q1
 
Q2
 
Q3
 
Q4
 
(in thousands, except per share amounts)
2017
 
 
 
 
 
 
 
Revenue
$
132,515

 
$
152,773

 
$
171,494

 
$
160,954

Operating income (expense) (1)
6,884

 
8,969

 
17,455

 
(175
)
Income (loss) from continuing operations (1) (2)
7,798

 
8,007

 
10,131

 
(6,518
)
Loss from discontinued operations
(932
)
 
(689
)
 
(1,011
)
 
(1,208
)
Net income (loss) and comprehensive income (loss)
$
6,866

 
$
7,318

 
$
9,120

 
$
(7,726
)
Income (loss) per share from continuing operations:
 
 
 
 
 
 
 
Basic
$
0.66

 
$
0.67

 
$
0.84

 
$
(0.54
)
Diluted
$
0.58

 
$
0.59

 
$
0.74

 
$
(0.54
)
Loss per share from discontinued operations:
 

 
 

 
 

 
 
Basic
$
(0.08
)
 
$
(0.06
)
 
$
(0.08
)
 
$
(0.10
)
Diluted
$
(0.07
)
 
$
(0.05
)
 
$
(0.07
)
 
$
(0.10
)
Net income (loss) per share:
 

 
 

 
 

 
 

Basic
$
0.58

 
$
0.61

 
$
0.76

 
$
(0.64
)
Diluted
$
0.51

 
$
0.54

 
$
0.66

 
$
(0.64
)

(1)
In the fourth quarter of 2017, the Company's Board of Directors approved a $10.0 million contribution to fund the newly formed LendingTree Foundation. The contribution is recorded in general and administrative expense on the consolidated statement of operations and comprehensive income.

(2)
During the fourth quarter of 2017, the Company recorded a net tax expense of $9.1 million related to the enactment of the TCJA. See Note 10—Income Taxes for additional information.

 
Q1
 
Q2
 
Q3
 
Q4
 
(in thousands, except per share amounts)
2016
 
 
 
 
 
 
 
Revenue
$
94,713

 
$
94,290

 
$
94,558

 
$
100,841

Operating income
11,845

 
12,715

 
14,150

 
13,402

Income from continuing operations
6,905

 
9,002

 
7,280

 
8,021

Loss from discontinued operations
(1,203
)
 
(1,150
)
 
(664
)
 
(697
)
Net income and comprehensive income
$
5,702

 
$
7,852

 
$
6,616

 
$
7,324

Income per share from continuing operations:
 
 
 
 
 
 
 
Basic
$
0.58

 
$
0.76

 
$
0.62

 
$
0.68

Diluted
$
0.54

 
$
0.71

 
$
0.57

 
$
0.63

Loss per share from discontinued operations:
 

 
 

 
 

 
 

Basic
$
(0.10
)
 
$
(0.10
)
 
$
(0.06
)
 
$
(0.06
)
Diluted
$
(0.09
)
 
$
(0.09
)
 
$
(0.05
)
 
$
(0.05
)
Net income per share:
 

 
 

 
 

 
 

Basic
$
0.48

 
$
0.67

 
$
0.56

 
$
0.62

Diluted
$
0.44

 
$
0.62

 
$
0.52

 
$
0.57