XML 102 R68.htm IDEA: XBRL DOCUMENT v3.10.0.1
REVENUE RECOGNITION - Impact of Topic 606 on Condensed Consolidated Financial Statements (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net $ 295,652 [1] $ 315,854 $ 597,449 [1] $ 617,426  
Sales Revenue, Goods, Net 321,744 346,765 646,487 718,819  
Revenue, Net 617,396 [2] 662,619 1,243,936 [2] 1,336,245  
Cost of Services 30,230 [3] 38,478 61,375 [3] 81,351  
Cost of Goods Sold 263,508 296,074 534,018 617,376  
Cost of Revenue 293,738 [3] 334,552 595,393 [3] 698,727  
Gross Profit 323,658 328,067 648,543 637,518  
Marketing Expense 94,178 [4] 100,658 193,334 [4] 187,000  
Selling, general and administrative 294,124 [5] 230,223 516,185 [5] 462,281  
Restructuring charges (credits) (399) 4,584 (116) 7,315  
Operating Expenses 387,903 335,465 709,403 656,596  
Operating Income (Loss) [6],[7] (64,245) (7,398) (60,860) (19,078)  
Other Nonoperating Income (Expense) (26,457) 5,878 (34,972) 1,276  
Income (loss) from continuing operations (90,702) (1,520) (95,832) (17,802)  
Income Tax Expense (Benefit) 1,552 3,883 (783) 8,470  
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (92,254) (6,779) (95,049) (27,161)  
Revenue recognized from unredeemed vouchers 2,900   8,500    
Hotel reservation offering revenues 500   2,800    
Breakage revenue 800   1,500    
Increase related to refunds on service revenue transactions 9,200   17,000    
Cumulative effect of change in accounting principle, net of tax     88,945    
Assets [8] (1,488,700)   (1,488,700)   $ (1,677,505)
Deferred Revenue 21,802   21,802   25,763
Deferred Revenue, Additions 21,802        
Deferred Revenue, Revenue Recognized (25,364)        
Foreign Currency Translation, Deferred Revenue (399)        
Liabilities 1,217,563   1,217,563   1,425,660
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 271,137   271,137   251,845
International          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Revenue, Net [2] 237,132 210,707 470,416 410,976  
Gross Profit 104,287 94,207 209,492 182,721  
Restructuring charges (credits) (576) 1,609 (293) 2,385  
Operating Income (Loss) [6],[7] 4,279 4,635 9,524 7,738  
Assets [8] (617,478)   (617,478)   (632,433)
North America          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Revenue, Net [2] 380,264 451,912 773,520 925,269  
Gross Profit 219,371 233,860 439,051 454,797  
Restructuring charges (credits) 177 2,975 177 4,930  
Operating Income (Loss) [6],[7] (68,524) (12,033) (70,384) (26,816)  
Assets [8] (871,222)   (871,222)   (1,045,072)
Local          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 257,295   519,284    
Local | International          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 71,425 66,108 146,003 129,683  
Local | North America          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 185,870 207,534 373,281 408,079  
Goods          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 8,763   17,051    
Sales Revenue, Goods, Net 321,744   646,487    
Goods | International          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 4,967 4,984 8,381 9,268  
Sales Revenue, Goods, Net 151,034 128,819 294,890 250,227  
Goods | North America          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 3,796 4,112 8,670 5,816  
Sales Revenue, Goods, Net 170,710 217,946 351,597 468,592  
Travel          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 29,594   61,114    
Travel | International          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 9,706 10,796 21,142 21,798  
Travel | North America          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 19,888 $ 22,320 39,972 $ 42,782  
Calculated under Revenue Guidance in Effect before Topic 606 [Member]          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 301,653   601,671    
Sales Revenue, Goods, Net 321,744   646,487    
Revenue, Net [2] 623,397   1,248,158    
Cost of Services 37,273   74,693    
Cost of Goods Sold 263,508   534,018    
Cost of Revenue 300,781   608,711    
Gross Profit 322,616   639,447    
Marketing Expense 96,312   197,041    
Selling, general and administrative 292,897   513,694    
Restructuring charges (credits) (399)   (116)    
Operating Expenses 388,810   710,619    
Operating Income (Loss) (66,194)   (71,172)    
Other Nonoperating Income (Expense) (26,457)   (34,972)    
Income (loss) from continuing operations (92,651)   (106,144)    
Income Tax Expense (Benefit) 2,438   (916)    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (95,089)   (105,228)    
Assets (1,477,062)   (1,477,062)    
Liabilities 1,303,687   1,303,687    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 173,375   173,375    
Calculated under Revenue Guidance in Effect before Topic 606 [Member] | International          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Revenue, Net [2] 241,447   472,418    
Calculated under Revenue Guidance in Effect before Topic 606 [Member] | North America          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Revenue, Net [2] 381,950   775,740    
Calculated under Revenue Guidance in Effect before Topic 606 [Member] | Local          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 262,154   526,310    
Calculated under Revenue Guidance in Effect before Topic 606 [Member] | Local | International          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 75,371   148,503    
Calculated under Revenue Guidance in Effect before Topic 606 [Member] | Local | North America          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 186,783   377,807    
Calculated under Revenue Guidance in Effect before Topic 606 [Member] | Goods          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 8,301   16,350    
Sales Revenue, Goods, Net 321,744   646,487    
Calculated under Revenue Guidance in Effect before Topic 606 [Member] | Goods | International          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 4,410   7,585    
Sales Revenue, Goods, Net 151,034   294,890    
Calculated under Revenue Guidance in Effect before Topic 606 [Member] | Goods | North America          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 3,891   8,765    
Sales Revenue, Goods, Net 170,710   351,597    
Calculated under Revenue Guidance in Effect before Topic 606 [Member] | Travel          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 31,198   59,011    
Calculated under Revenue Guidance in Effect before Topic 606 [Member] | Travel | International          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 10,632   21,440    
Calculated under Revenue Guidance in Effect before Topic 606 [Member] | Travel | North America          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 20,566   37,571    
Difference between Revenue Guidance in Effect before and after Topic 606 [Member]          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 6,001   4,222    
Sales Revenue, Goods, Net 0   0    
Revenue, Net [2] 6,001   4,222    
Cost of Services 7,043   13,318    
Cost of Goods Sold 0   0    
Cost of Revenue 7,043   13,318    
Gross Profit (1,042)   (9,096)    
Marketing Expense 2,134   3,707    
Selling, general and administrative (1,227)   (2,491)    
Restructuring charges (credits) 0   0    
Operating Expenses 907   1,216    
Operating Income (Loss) (1,949)   (10,312)    
Other Nonoperating Income (Expense) 0   0    
Income (loss) from continuing operations (1,949)   (10,312)    
Income Tax Expense (Benefit) 886   (133)    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (2,835)   (10,179)    
Assets (11,638)   (11,638)    
Liabilities 86,124   86,124    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest (97,762)   (97,762)    
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | International          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Revenue, Net [2] 4,315   2,002    
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | North America          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Revenue, Net [2] 1,686   2,220    
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | Local          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 4,859   7,026    
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | Local | International          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 3,946   2,500    
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | Local | North America          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 913   4,526    
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | Goods          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net (462)   (701)    
Sales Revenue, Goods, Net 0   0    
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | Goods | International          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net (557)   (796)    
Sales Revenue, Goods, Net 0   0    
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | Goods | North America          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 95   95    
Sales Revenue, Goods, Net 0   0    
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | Travel          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 1,604   (2,103)    
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | Travel | International          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 926   298    
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | Travel | North America          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Sales Revenue, Services, Net 678   (2,401)    
Total Groupon, Inc. Stockholders' Equity          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Cumulative effect of change in accounting principle, net of tax     88,945    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 270,332   270,332   $ 250,973
Accounting Standards Update 2014-09          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Income Tax Expense (Benefit) $ 6,400   6,400    
Accounting Standards Update 2014-09 | Total Groupon, Inc. Stockholders' Equity          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Cumulative effect of change in accounting principle, net of tax     (88,945)    
Cumulative Effect on Retained Earnings, Tax     6,700    
Accounting Standards Update 2014-09 | Prepaid expenses and other current assets | Total Groupon, Inc. Stockholders' Equity          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Cumulative effect of change in accounting principle, net of tax     (4,007)    
Accounting Standards Update 2014-09 | Other non-current assets | Total Groupon, Inc. Stockholders' Equity          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Cumulative effect of change in accounting principle, net of tax     (10,223)    
Accounting Standards Update 2014-09 | Accrued merchant and supplier payables | Total Groupon, Inc. Stockholders' Equity          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Cumulative effect of change in accounting principle, net of tax     (64,970)    
Accounting Standards Update 2014-09 | Accrued expenses and other current liabilities | Total Groupon, Inc. Stockholders' Equity          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Cumulative effect of change in accounting principle, net of tax     (13,188)    
Accounting Standards Update 2014-09 | Other non-current liabilities | Total Groupon, Inc. Stockholders' Equity          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Cumulative effect of change in accounting principle, net of tax     $ 3,443    
[1] (1)For the three months ended June 30, 2018, reflects a $9.2 million increase for refunds on service revenue transactions for which the merchant's share is not recoverable and customer credits issued for relationship purposes, which are classified as reductions of revenue under Topic 606, and an increase of $0.5 million related to the timing of recognition of revenue from hotel reservation offerings, partially offset by decreases of $2.9 million related to the timing of recognition of variable consideration from unredeemed vouchers and $0.8 million related to the timing of recognition of breakage revenue from customer credits that are not expected to be used.
[2] (1)North America includes revenue from the United States of $371.1 million and $442.7 million for the three months ended June 30, 2018 and 2017, respectively, and $756.5 million and $907.4 million for the six months ended June 30, 2018 and 2017, respectively. International includes revenue from the United Kingdom of $91.5 million and $74.4 million for the three months ended June 30, 2018 and 2017, respectively, and $174.5 million and $139.9 million for the six months ended June 30, 2018 and 2017, respectively. There were no other individual countries that represented more than 10% of consolidated total revenue for the three and six months ended June 30, 2018 and 2017.
[3] Reflects an increase for refunds on service revenue transactions for which the merchant's share is not recoverable, which are classified as a reduction of revenue under Topic 606.
[4] Reflects an increase for customer credits issued for relationship purposes, which are classified as a reduction of revenue under Topic 606.
[5] Reflects the amortization of deferred contract acquisition costs in excess of amounts capitalized in the current period.
[6] (1)Includes stock-based compensation of $15.0 million and $20.0 million for North America and $1.3 million and $1.3 million for International for the three months ended June 30, 2018 and 2017, respectively, and
[7] Includes restructuring charges (credits) of $0.2 million and $3.0 million for North America and $(0.6) million and $1.6 million for International for the three months ended June 30, 2018 and 2017, respectively
[8] (1)North America contains assets from the United States of $846.3 million and $1,006.2 million as of June 30, 2018 and December 31, 2017, respectively. International contains assets from Ireland of $162.7 million and $219.7 million as of June 30, 2018 and December 31, 2017, respectively. There were no other individual countries that represented more than 10% of consolidated total assets as of June 30, 2018 and December 31, 2017.