SUPPLEMENTAL CONSOLIDATED BALANCE SHEETS AND STATEMENTS OF OPERATIONS INFORMATION (Tables)

12 Months Ended

Dec. 31, 2019

Supplemental Consolidated Balance Sheet & Statement of Operations Information [Abstract]

Schedule of Other Income (Expense)

The following table summarizes other income (expense), net for the years ended December 31, 2019, 2018 and 2017 (in thousands):

	Year Ended December 31,
	2019			2018			2017
Interest income	$	7,744		$	6,420		$	3,287
Interest expense	(23,593		)	(21,909		)	(20,680		)
Changes in fair value of investments	(72,497		)	(9,064		)	382
Gain (loss) on sale of investment	(412		)	—			7,624
Foreign currency gains (losses), net	(5,960		)	(20,325		)	18,634
Impairments of investments	(9,961		)	(10,156		)	(2,944		)
Upward adjustment for observable price change of investment	51,397			—			—
Other	(47		)	2,026			407
Other income (expense), net	$	(53,329	)	$	(53,008	)	$	6,710

Schedule of Prepaid and Other Current Assets

The following table summarizes prepaid expenses and other current assets as of December 31, 2019 and 2018 (in thousands):

	December 31,
	2019		2018
Merchandise inventories	$	25,426	$	33,739
Prepaid expenses	27,077		28,209
Income taxes receivable	4,791		6,717
Other	24,779		19,450
Total prepaid expenses and other current assets	$	82,073	$	88,115

Schedule of Accrued Merchant and Supplier Payables

The following table summarizes accrued merchant and supplier payables as of December 31, 2019 and 2018 (in thousands):

	December 31,
	2019		2018
Accrued merchant payables	$	366,573	$	371,279
Accrued supplier payables (1)	174,367		280,502
Total accrued merchant and supplier payables	$	540,940	$	651,781

(1)

Amounts include payables to suppliers of inventories and providers of shipping and fulfillment services.

Schedule of Accrued Expenses and Other Current Liabilities

The following table summarizes accrued expenses and other current liabilities as of December 31, 2019 and 2018 (in thousands):

	December 31,
	2019		2018
Refund reserve	$	22,002	$	27,957
Compensation and benefits	49,009		56,173
Accrued marketing	41,110		39,094
Customer credits	13,764		15,118
Income taxes payable	5,044		8,987
Deferred revenue	17,951		25,452
Current portion of lease obligations (1)	40,768		17,207
Other	70,544		77,046
Total accrued expenses and other current liabilities	$	260,192	$	267,034

(1)

Current portion of lease obligations as of December 31, 2019 includes $25.0 million of additional lease obligations that were recognized on January 1, 2019 as a result of the adoption of Topic 842. Refer to Note 10, Leases, for additional information.

Schedule of Other Non-current Liabilities

The following table summarizes other non-current liabilities as of December 31, 2019 and 2018 (in thousands):

	December 31,
	2019		2018
Contingent income tax liabilities	$	30,121	$	39,858
Deferred rent (1)	—		32,186
Finance lease obligations	5,831		12,481
Deferred income taxes	3,903		6,619
Other	5,132		9,544
Total other non-current liabilities	$	44,987	$	100,688

(1)

Non-current operating lease liabilities as of December 31, 2019 are included within Operating lease obligations on the consolidated balance sheet as a result of the adoption of Topic 842 on January 1, 2019. Refer to Note 10, Leases, for additional information.

Schedule of Accumulated Other Comprehensive Income (Loss)

	December 31,
	2019		2018
Contingent income tax liabilities	$	30,121	$	39,858
Deferred rent (1)	—		32,186
Finance lease obligations	5,831		12,481
Deferred income taxes	3,903		6,619
Other	5,132		9,544
Total other non-current liabilities	$	44,987	$	100,688

(1) Non-current operating lease liabilities as of December 31, 2019 are included within Operating lease obligations on the consolidated balance sheet as a result of the adoption of Topic 842 on January 1, 2019. Refer to Note 10, Leases, for additional information.

The following table summarizes the activity for accumulated other comprehensive income (loss), net of tax, for the years ended December 31, 2019, 2018 and 2017 (in thousands):

	Foreign currency translation adjustments			Unrealized gain (loss) on available-for-sale securities			Pension adjustments			Total
Balance as of December 31, 2016	$	58,249		$	388		$	(585	)	$	58,052
Other comprehensive income (loss) before reclassification adjustments	(12,382		)	(1,109		)	—			(13,491		)
Reclassification adjustments included in net income (loss)	(14,905		)	1,603			585			(12,717		)
Other comprehensive income (loss)	(27,287		)	494			585			(26,208		)
Balance as of December 31, 2017	30,962			882			—			31,844
Other comprehensive income (loss) before reclassification adjustments	3,332			(841		)	—			2,491
Reclassification adjustments included in net income (loss)	—			106			—			106
Other comprehensive income (loss)	3,332			(735		)	—			2,597
Reclassification for impact of U.S. tax rate change	—			161			—			161
Balance as of December 31, 2018	34,294			308			—			34,602
Other comprehensive income (loss) before reclassification adjustments	4,858			(379		)	—			4,479
Reclassification adjustments included in net income (loss)	—			—			—			—
Other comprehensive income (loss)	4,858			(379		)	—			4,479
Balance as of December 31, 2019	$	39,152		$	(71	)	$	—		$	39,081