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QUARTERLY FINANCIAL INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information [Abstract]  
Schedule of quarterly financial information
The following tables set forth summary financial information for the years ended December 31, 2018 and 2017:
 
Q1
 
Q2
 
Q3
 
Q4
 
(in thousands, except per share amounts)
2018
 
 
 
 
 
 
 
Revenue
$
181,035

 
$
184,101

 
$
197,057

 
$
202,672

Operating income (1)
15,350

 
18,123

 
20,290

 
2,428

Income from continuing operations (1)
35,857

 
44,849

 
28,362

 
251

Loss from discontinued operations
(4,333
)
 
(2,302
)
 
(2,634
)
 
(3,551
)
Net income (loss) and comprehensive income (loss)
$
31,524

 
$
42,547

 
$
25,728

 
$
(3,300
)
Income (loss) per share from continuing operations:
 
 
 
 
 
 
 
Basic
$
2.97

 
$
3.61

 
$
2.22

 
$
0.02

Diluted
$
2.41

 
$
3.17

 
$
2.05

 
$
0.02

Loss per share from discontinued operations:
 

 
 

 
 

 
 
Basic
$
(0.36
)
 
$
(0.19
)
 
$
(0.21
)
 
$
(0.28
)
Diluted
$
(0.29
)
 
$
(0.16
)
 
$
(0.19
)
 
$
(0.26
)
Net income (loss) per share:
 

 
 

 
 

 
 

Basic
$
2.61

 
$
3.43

 
$
2.01

 
$
(0.26
)
Diluted
$
2.12

 
$
3.01

 
$
1.86

 
$
(0.24
)

(1)
The fourth quarter of 2018 includes contingent consideration expense of $6.8 million for the QuoteWizard acquisition due to an increased probability of achievement of certain defined performance targets for QuoteWizard.
 
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 12—Income Taxes for additional information.