Overstock.com 2013 Annual Report Download - page 99

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Table of Contents











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, 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
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
97