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Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Schedule of Segment Information

The following tables represent our segment information (in thousands):

 

 

Three Months Ended June 30, 2022

 

 

Six Months Ended June 30, 2022

 

 

 

Marketplace

 

 

Resale

 

 

Consolidated

 

 

Marketplace

 

 

Resale

 

 

Consolidated

 

Revenues

 

$

129,914

 

 

$

17,780

 

 

$

147,694

 

 

$

240,430

 

 

$

38,036

 

 

$

278,466

 

Cost of revenues (exclusive of depreciation and amortization shown separately below)

 

 

18,553

 

 

 

13,869

 

 

 

32,422

 

 

 

34,962

 

 

 

29,624

 

 

 

64,586

 

Marketing and selling

 

 

59,412

 

 

 

 

 

 

59,412

 

 

 

113,640

 

 

 

 

 

 

113,640

 

Contribution margin

 

$

51,949

 

 

$

3,911

 

 

 

55,860

 

 

$

91,828

 

 

$

8,412

 

 

 

100,240

 

General and administrative

 

 

 

 

 

 

 

 

36,207

 

 

 

 

 

 

 

 

 

65,482

 

Depreciation and amortization

 

 

 

 

 

 

 

 

1,726

 

 

 

 

 

 

 

 

 

3,111

 

Income from operations

 

 

 

 

 

 

 

 

17,927

 

 

 

 

 

 

 

 

 

31,647

 

Interest expense – net

 

 

 

 

 

 

 

 

2,699

 

 

 

 

 

 

 

 

 

6,641

 

Loss on extinguishment of debt

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,285

 

Other income

 

 

 

 

 

 

 

 

(8,832

)

 

 

 

 

 

 

 

 

(6,553

)

Income before income taxes

 

 

 

 

 

 

 

$

24,060

 

 

 

 

 

 

 

 

$

27,274

 

 

 

 

Three Months Ended June 30, 2021

 

 

Six Months Ended June 30, 2021

 

 

 

Marketplace

 

 

Resale

 

 

Consolidated

 

 

Marketplace

 

 

Resale

 

 

Consolidated

 

Revenues

 

$

104,648

 

 

$

10,850

 

 

$

115,498

 

 

$

126,641

 

 

$

12,971

 

 

$

139,612

 

Cost of revenues (exclusive of depreciation and amortization shown separately below)

 

 

13,707

 

 

 

6,279

 

 

 

19,986

 

 

 

16,407

 

 

 

7,504

 

 

 

23,911

 

Marketing and selling

 

 

46,422

 

 

 

 

 

 

46,422

 

 

 

54,377

 

 

 

 

 

 

54,377

 

Contribution margin

 

$

44,519

 

 

$

4,571

 

 

 

49,090

 

 

$

55,857

 

 

$

5,467

 

 

 

61,324

 

General and administrative

 

 

 

 

 

 

 

 

29,106

 

 

 

 

 

 

 

 

 

44,977

 

Depreciation and amortization

 

 

 

 

 

 

 

 

500

 

 

 

 

 

 

 

 

 

795

 

Income from operations

 

 

 

 

 

 

 

 

19,484

 

 

 

 

 

 

 

 

 

15,552

 

Interest expense – net

 

 

 

 

 

 

 

 

16,839

 

 

 

 

 

 

 

 

 

33,158

 

Income (Loss) before income taxes

 

 

 

 

 

 

 

$

2,645

 

 

 

 

 

 

 

 

$

(17,606

)