Overstock.com 2015 Annual Report Download - page 120
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Table of Contents
In January 2016, in connection with the Cirrus Technology asset acquisition we made in 2015, we closed on the acquisition of two privately-held
registered broker dealers, SpeedRoute and Pro Securities. The aggregate consideration paid for the interests acquired in SpeedRoute and Pro Securities was
$600,000.
The following tables set forth our unaudited quarterly results of operations data for the eight most recent quarters for the period ended December 31,
2015. We have prepared this information on the same basis as the consolidated statements of operations and the information includes all adjustments that we
consider necessary for a fair statement of its financial position and operating results for the quarters presented.
Revenue, net
Direct
$ 36,135
$ 34,428
$ 33,621
$ 33,599
Partner and other
362,209
353,585
357,590
446,671
Total net revenue
398,344
388,013
391,211
480,270
Cost of goods sold
Direct
32,527
31,235
31,989
32,326
Partner and other
290,380
283,121
286,771
364,835
Total cost of goods sold
322,907
314,356
318,760
397,161
Gross profit
75,437
73,657
72,451
83,109
Operating expenses:
Sales and marketing
27,972
28,087
30,062
38,347
Technology
23,087
24,059
25,084
26,303
General and administrative
20,534
19,429
20,676
21,548
Total operating expenses
71,593
71,575
75,822
86,198
Operating income
3,844
2,082
(3,371)
(3,089)
Interest income
43
38
37
37
Interest expense
(4)
(8)
(62)
(66)
Other income, net
605
1,163
764
1,102
Net income (loss) before income taxes
4,488
3,275
(2,632)
(2,016)
Provision (benefit) for income taxes
1,940
1,849
(15)
(1,879)
Consolidated net income (loss)
2,548
1,426
(2,617)
(137)
Less: Net loss attributable to noncontrolling interests
(191)
(242)
(546)
(247)
Net income (loss) attributable to stockholders of Overstock.com, Inc.
$ 2,739
$ 1,668
$ (2,071)
$ 110
Net income (loss) per common share—basic:
Net income (loss) attributable to common shares—basic
$ 0.11
$ 0.07
$ (0.08)
$ 0.00
Weighted average common shares outstanding—basic
24,213
24,306
24,681
25,234
Net income (loss) per common share—diluted:
Net income (loss) attributable to common shares—diluted
$ 0.11
$ 0.07
$ (0.08)
$ 0.00
Weighted average common shares outstanding—diluted
24,390
24,398
24,681
25,266
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