Overstock.com 2012 Annual Report Download - page 125
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Table of Contents
that we consider necessary for a fair statement of its financial position and operating results for the quarters presented.
F-38
Revenue, net
Direct $ 40,897 $ 33,936 $ 34,215 $ 46,468
Fulfillment partner 221,470 205,600 221,137 295,566
Total net revenue 262,367 239,536 255,352 342,034
Cost of goods sold
Direct 37,630 31,108 30,684 41,114
Fulfillment partner 177,229 165,259 178,126 239,709
Total cost of goods sold 214,859 196,367 208,810 280,823
Gross profit 47,508 43,169 46,542 61,211
Operating expenses:
Sales and marketing 14,475 13,512 14,899 20,581
Technology 15,638 15,122 16,085 18,622
General and administrative 14,822 14,516 13,828 14,093
Restructuring 98 — (45) 23
Total operating expenses 45,033 43,150 44,767 53,319
Operating income 2,475 19 1,775 7,892
Interest income 29 27 30 30
Interest expense (208) (253) (194) (154)
Other income (expense), net 432 719 1,213 1,322
Net income before income taxes 2,728 512 2,824 9,090
Provision for income taxes 9 42 131 303
Net income $ 2,719 $ 470 $ 2,693 $ 8,787
Deemed dividend related to redeemable common stock — — — —
Net income attributable to common shares $ 2,719 $ 470 $ 2,693 $ 8,787
Net income per common share—basic:
Net income per share—basic $ 0.12 $ 0.02 $ 0.11 $ 0.37
Weighted average common shares outstanding—basic 23,392 23,437 23,447 23,450
Net income per common share—diluted:
Net income per share—diluted $ 0.12 $ 0.02 $ 0.11 $ 0.37
Weighted average common shares outstanding—diluted 23,414 23,464 23,754 24,064
Comprehensive income $ 2,719 $ 470 $ 2,693 $ 8,787