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Segment and Geographic Information (Tables)
3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Summary of Segment Revenue, Income (Loss) and Depreciation and Amortization

For the three months ended March 31, 2023 and 2022, segment revenue, segment income (loss) from operations and segment depreciation and amortization are as follows:

 

 

 

Three Months Ended
March 31,

 

 

 

2023

 

 

2022

 

Segment Revenue

 

 

 

 

 

 

U.S. Marketplace

 

$

155,621

 

 

$

151,889

 

Digital Wholesale

 

 

64,836

 

 

 

267,319

 

Other

 

 

11,506

 

 

 

11,400

 

Total

 

$

231,963

 

 

$

430,608

 

 

 

 

Three Months Ended
March 31,

 

 

 

2023

 

 

2022

 

Segment Income (Loss) from Operations:

 

 

 

 

 

 

U.S. Marketplace

 

$

26,539

 

 

$

29,836

 

Digital Wholesale

 

 

(11,225

)

 

 

(2,111

)

Other

 

 

(1,255

)

 

 

(1,066

)

Total

 

$

14,059

 

 

$

26,659

 

 

 

 

Three Months Ended
March 31,

 

 

 

2023

 

 

2022

 

Segment Depreciation and Amortization:

 

 

 

 

 

 

U.S. Marketplace

 

$

2,740

 

 

$

2,940

 

Digital Wholesale

 

 

8,693

 

 

 

8,122

 

Other

 

 

143

 

 

 

123

 

Total

 

$

11,576

 

 

$

11,185

 

 

Summary of Reconciliation Between Segment Income from Operations

For the three months ended March 31, 2023 and 2022, a reconciliation between segment income from operations to consolidated income before income taxes is as follows:

 

 

 

Three Months Ended
March 31,

 

 

 

2023

 

 

2022

 

Total segment income from operations

 

$

14,059

 

 

$

26,659

 

Other income (expense), net

 

 

4,338

 

 

 

(119

)

Consolidated income before income taxes

 

$

18,397

 

 

$

26,540

 

Summary of Assets by Segment

As of March 31, 2023 and December 31, 2022, segment assets are as follows:

 

 

 

As of
March 31,
2023

 

 

As of
December 31,
2022
(1)

 

Segment Assets:

 

 

 

 

 

 

U.S. Marketplace

 

$

710,139

 

 

$

525,103

 

Digital Wholesale

 

 

293,329

 

 

 

358,289

 

Other

 

 

48,111

 

 

 

43,710

 

Total

 

$

1,051,579

 

 

$

927,102

 

(1)
As of December 31, 2022, Digital Wholesale assets did not reflect certain Dealer-to-Dealer and IMCO related capitalized website development assets from the U.S. Marketplace segment. During the three months ended March 31, 2023, the Company updated Digital Wholesale assets to reflect certain Dealer-to-Dealer and IMCO related capitalized website development amortization assets from the U.S. Marketplace segment and accordingly updated Digital Wholesale assets as of December 31, 2022 for comparative purposes.
Summary of Revenue by Geographic Region

For the three months ended March 31, 2023 and 2022, revenue by geographic region is as follows:

 

 

 

Three Months Ended
March 31,

 

 

 

2023

 

 

2022

 

Revenue by Geographic Region:

 

 

 

 

 

 

United States

 

$

220,457

 

 

$

419,208

 

International

 

 

11,506

 

 

 

11,400

 

Total

 

$

231,963

 

 

$

430,608