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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue:        
Third party and other $ 302,458 $ 283,809 $ 919,884 $ 888,014
Direct 332,008 402,746 1,050,827 1,220,736
Total revenue 634,466 686,555 1,970,711 2,108,750
Cost of revenue:        
Third party and other 41,858 34,837 123,209 114,006
Direct 283,183 358,450 900,559 1,065,997
Total cost of revenue 325,041 393,287 1,023,768 1,180,003
Gross profit 309,425 293,268 946,943 928,747
Operating expenses:        
Marketing 101,456 84,748 288,456 261,223
Selling, general and administrative 214,828 234,266 677,061 755,981
Restructuring Charges 11,503 1,163 18,818 28,378
Gain (Loss) on Disposition of Intangible Assets (17,149) 0 (17,149) 0
Gain (Loss) on Disposition of Business 0 (2,060) 0 (11,399)
Acquisition-related (benefit) expense, net 0 (9) 48 4,305
Total operating expenses 310,638 318,108 967,234 1,038,488
Income (loss) from operations (1,213) (24,840) (20,291) (109,741)
Other expense, net 7,546 (7,917) 8,822 (16,552)
Loss from continuing operations before provision for income taxes 6,333 (32,757) (11,469) (126,293)
Provision for income taxes 2,531 1,690 11,001 461
Loss from continuing operations 3,802 (34,447) (22,470) (126,754)
Income (loss) from discontinued operations, net of tax (862) (1,345) (1,751) (6,365)
Net loss 2,940 (35,792) (24,221) (133,119)
Net income attributable to noncontrolling interests (2,881) (2,184) (9,460) (8,880)
Net loss attributable to Groupon, Inc. $ 59 $ (37,976) $ (33,681) $ (141,999)
Weighted average number of shares outstanding        
Basic, weighted average number of shares outstanding [1] 557,221,040 575,216,191 559,726,154 578,290,291
Diluted, weighted average number of shares outstanding [1] 566,669,049 575,216,191 559,726,154 578,290,291
Common Class A [Member]        
Operating expenses:        
Loss from continuing operations $ 3,802 $ (34,303) $ (22,470) $ (126,228)
Income (loss) from discontinued operations, net of tax (862) (1,340) (1,751) (6,339)
Net income attributable to noncontrolling interests (2,881) (2,175) (9,460) (8,843)
Net loss attributable to Groupon, Inc. $ 59 $ (37,818) $ (33,681) $ (141,410)
Basic net income (loss) per share        
Income (Loss) from Continuing Operations, Per Basic and Diluted Share [2] $ 0.00 $ (0.06) [3] $ (0.06) $ (0.23) [3]
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic and Diluted Share [2] 0.00 (0.01) [3] 0.00 (0.02) [3]
Earnings Per Share, Basic and Diluted [2] $ 0.00 $ (0.07) [3] $ (0.06) $ (0.25) [3]
Weighted average number of shares outstanding        
Basic, weighted average number of shares outstanding 557,221,040 572,816,215 559,726,154 575,890,315
[1] (1)The structure of the Company's common stock changed during the year ended December 31, 2016. Refer to Note 8, Stockholders' Equity and Compensation Arrangements, and Note 12, Income (Loss) per Share, for additional information.
[2] Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017Basic and diluted net income (loss) per share: Numerator Net income (loss) - continuing operations $3,802 $(22,470)Less: Net income (loss) attributable to noncontrolling interests 2,881 9,460Net income (loss) attributable to common stockholders - continuing operations $921 $(31,930)Net income (loss) attributable to common stockholders - discontinued operations (862) (1,751)Net income (loss) attributable to common stockholders $59 $(33,681)Denominator Shares used in computation of basic net income (loss) per share 557,221,040 559,726,154Weighted-average effect of dilutive securities 9,448,009 —Shares used in computation of diluted net income (loss) per share 566,669,049 559,726,154Basic and diluted net income (loss) per share (1): Continuing operations $0.00 $(0.06)Discontinued operations (0.00) (0.00)Basic and diluted net income (loss) per share $0.00 $(0.06)(1)The potentially dilutive impact of the warrants and the convertible senior notes has been excluded from the calculation of diluted net income (loss) per share for the three and nine months ended September 30, 2017 as the effect on net income (loss) per share from continuing operations was antidilutive. The potentially dilutive impact of equity awards has also been excluded from the calculation of diluted net income (loss) per share for the nine months ended September 30, 2017 as the effect on net income (loss) per share from continuing operations was antidilutive.
[3] (1)The potentially dilutive impacts of a conversion of Class B to Class A shares, outstanding equity awards, warrants and convertible senior notes have been excluded from the calculation of diluted net income (loss) per share for the three and nine months ended September 30, 2016 as their effect on net income (loss) per share from continuing operations was antidilutive.