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Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations
The following table presents the financial results of the GoTo Business through the date of the Spin-off for the indicated periods and do not include corporate overhead allocations:
 
 
 
 
 
 
 
2017
 
2016
 
(in thousands)
Net revenues
 
$
58,215

 
$
682,185

Cost of net revenues
 
15,456

 
154,652

Gross margin
 
42,759

 
527,533

Operating expenses:
 


 


Research and development
 
9,108

 
93,892

Sales, marketing and services
 
20,881

 
209,475

General and administrative
 
7,636

 
63,270

Amortization of other intangible assets
 
1,176

 
14,097

Restructuring
 
3,189

 
3,721

Separation
 
40,573

 
54,084

Total operating expenses
 
82,563

 
438,539

(Loss) income from discontinued operations before income taxes
 
(39,804
)
 
88,994

Income tax expense
 
2,900

 
22,737

(Loss) income from discontinued operations, net of income tax
 
$
(42,704
)
 
$
66,257