Beyond (BYON) 10-Q 29 Apr 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	Apr. 20, 2015
Document and Entity Information
Entity Registrant Name	OVERSTOCK.COM, INC
Entity Central Index Key	1130713
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		24,276,099
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Current assets:
Cash and cash equivalents	$124,322	$181,641
Restricted cash	505	580
Accounts receivable, net	15,651	18,963
Inventories, net	24,467	26,208
Prepaid inventories, net	4,174	3,214
Deferred tax assets, net	15,019	14,835
Prepaids and other current assets	10,928	12,621
Total current assets	195,066	258,062
Fixed assets, net	54,947	52,071
Precious metals	10,905	10,905
Deferred tax assets, net	48,887	50,331
Goodwill	2,784	2,784
Other long-term assets, net	7,809	2,712
Total assets	320,398	376,865
Current liabilities:
Accounts payable	66,993	112,787
Accrued liabilities	72,998	81,564
Deferred revenue	43,742	48,451
Total current liabilities	183,733	242,802
Other long-term liabilities	6,888	4,843
Total liabilities	190,621	247,645
Commitments and contingencies (Note 4)
Stockholders’ equity:
Preferred stock, $0.0001 par value: Authorized shares - 5,000; Issued and outstanding shares - none	0	0
Common stock, $0.0001 par value: Authorized shares - 100,000; Issued shares - 27,583 and 27,241; Outstanding shares - 24,276 and 24,037	2	2
Additional paid-in capital	367,223	366,252
Accumulated deficit	-151,125	-153,864
Accumulated other comprehensive loss	-1,324	-621
Treasury stock: Shares at cost - 3,307 and 3,204	-84,885	-82,531
Total equity	129,891	129,238
Equity attributable to noncontrolling interests	-114	-18
Total equity	129,777	129,220
Total liabilities and stockholders’ equity	$320,398	$376,865

Consolidated_Statements_of_Inc

Consolidated Statements of Income (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Revenue, net
Direct	$36,135		$38,047
Partner	362,209		303,160
Total net revenue	398,344		341,207
Cost of goods sold
Direct	32,527	[1]	33,097	[1]
Partner	290,380		244,114
Total cost of goods sold	322,907		277,211
Gross profit	75,437		63,996
Operating expenses:
Sales and marketing	27,972	[1]	23,392	[1]
Technology	23,087	[1]	19,601	[1]
General and administrative	20,534	[1]	15,296	[1]
Restructuring	0		-360
Total operating expenses	71,593		57,929
Operating income	3,844		6,067
Interest income	43		41
Interest expense	-4		-7
Other income, net	605		459
Income before income taxes	4,488		6,560
Provision for income taxes	1,940		2,590
Consolidated net income	2,548		3,970
Less: Net loss attributable to noncontrolling interests	-191		0
Net income attributable to stockholders of Overstock.com, Inc.	$2,739		$3,970
Net income per common share—basic:
Net income attributable to common shares-basic (in dollars per share)	$0.11		$0.17
Weighted average common shares outstanding-basic (in shares)	24,213		23,926
Net income per common share—diluted:
Net income attributable to common shares-diluted (in dollars per share)	$0.11		$0.16
Weighted average common shares outstanding-diluted (in shares)	24,390		24,339
[1]	(1) Includes stock-based compensation as follows (Note 6): Cost of goods sold — direct $29 $40 Sales and marketing 59 81 Technology 120 170 General and administrative 570 632 Total $778 $923

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	27,583,000	27,241,000
Common stock, shares outstanding	24,276,000	24,037,000
Treasury stock, shares	3,307,000	3,204,000

Consolidated_Statements_of_Inc1

Consolidated Statements of Income (Parenthetical) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Total stock-based compensation	$778	$923
Cost of goods sold — direct
Total stock-based compensation	29	40
Sales and marketing
Total stock-based compensation	59	81
Technology
Total stock-based compensation	120	170
General and administrative
Total stock-based compensation	$570	$632

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Statement of Comprehensive Income [Abstract]
Consolidated net income	$2,548	$3,970
Other comprehensive loss:
Unrealized loss on cash flow hedges, net of benefit for taxes of $438 and $0	-703	0
Other comprehensive loss	-703	0
Comprehensive income	1,845	3,970
Less: Comprehensive loss attributable to noncontrolling interests	-191	0
Less: Comprehensive loss attributable to noncontrolling interests	$2,036	$3,970

Consolidated_Statements_of_Com1

Consolidated Statements of Comprehensive Income (Parenthetical) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Statement of Comprehensive Income [Abstract]
Unrealized loss on cash flow hedges, tax	$438	$0

Consolidated_Statements_of_Cha

Consolidated Statements of Changes in Stockholders' Equity (USD $)	Total	Common stock	Additional paid-in capital	Accumulated deficit	Accumulated other comprehensive loss	Treasury stock	Parent	Noncontrolling interest
In Thousands, unless otherwise specified
Beginning balance at Dec. 31, 2014	$129,220		$366,252	($153,864)	($621)	($82,531)		($18)
Beginning balance (in shares) at Dec. 31, 2014		27,241				3,204
Common stock	2	2
Increase (Decrease) in Stockholders' Equity
Common stock issued upon vesting of restricted stock		331
Stock-based compensation to employees and directors			778
Net income attributable to stockholders of Overstock.com, Inc.	2,739			2,739
Exercise of stock options			193
Exercise of stock options (in shares)		11
Net other comprehensive loss	-703				-703
Purchase of treasury stock						-2,354
Purchase of treasury stock (in shares)						103
Net loss attributable to noncontrolling interests	-191							-191
Paid-in capital attributable to noncontrolling interests								95
Ending balance at Mar. 31, 2015	$129,777		$367,223	($151,125)	($1,324)	($84,885)	$129,891	($114)
Ending balance (in shares) at Mar. 31, 2015	24,276	27,583				3,307

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Consolidated net income	$2,548	$3,970	$7,379	$80,651
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	5,376	3,795	19,645	14,454
Stock-based compensation to employees and directors	778	923	3,890	3,422
Deferred income taxes	1,698	2,317	3,122	-66,203
Amortization of debt discount and deferred loan costs	39	0	39	13
Loss on investment in precious metals	0	0	1,269	1,457
Loss on investment in cryptocurrency	117	0	117	0
Restructuring reversals	0	-360	0	-399
Other	10	-5	7	-26
Changes in operating assets and liabilities:
Restricted cash	0	0	1,000	75
Accounts receivable, net	3,312	211	185	15
Inventories, net	1,741	4,270	-1,694	-1,238
Prepaid inventories, net	-960	139	-2,509	323
Prepaids and other current assets	1,244	174	-385	-1,824
Other long-term assets, net	346	221	151	170
Accounts payable	-45,249	-31,909	8,312	12,000
Accrued liabilities	-10,359	-13,718	18,966	4,989
Deferred revenue	-4,709	-478	6,899	5,312
Other long-term liabilities	979	771	1,031	2,428
Net cash (used in) provided by operating activities	-43,089	-29,679	67,424	55,619
Cash flows from investing activities:
Purchases of marketable securities	-3	-12	-14	-69
Sales of marketable securities	35	77	35	217
Purchases of intangible assets	-32	-22	-145	-35
Investment in precious metals	0	0	-2,496	-8,080
Investment in cryptocurrency	0	0	-300	0
Equity method investment	-95	0	-345	0
Cost method investment	-5,000	0	-5,000	0
Expenditures for fixed assets, including internal-use software and website development	-6,612	-6,195	-41,763	-18,200
Proceeds from sale of fixed assets	0	0	43	0
Net cash used in investing activities	-11,707	-6,152	-49,985	-26,167
Cash flows from financing activities:
Payments on capital lease obligations	-362	0	-687	0
Paydown on direct financing arrangement	-75	-68	-289	-264
Change in restricted cash	75	0	75	125
Proceeds from exercise of stock options	193	171	533	1,731
Purchase of treasury stock	-2,354	-2,290	-2,365	-2,292
Payment of debt issuance costs	0	0	-1,031	0
Net cash used in financing activities	-2,523	-2,187	-3,764	-700
Net (decrease) increase in cash and cash equivalents	-57,319	-38,018	13,675	28,752
Cash and cash equivalents, beginning of period	181,641	148,665	110,647	81,895
Cash and cash equivalents, end of period	124,322	110,647	124,322	110,647
Cash paid during the period:
Interest paid	8	14	41	65
Taxes paid	72	0	148	263
Non-cash investing and financing activities:
Fixed assets, including internal-use software and website development, costs financed through accounts payable and accrued liabilities	2,659	4,018	2,659	4,121
Equipment acquired under capital lease obligations	362	0	687	0
Capitalized interest cost	39	0	65	0
Change in value of cash flow hedge	$1,141	$0	$2,149	$0

ACCOUNTING_POLICIES

ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
ACCOUNTING POLICIES	ACCOUNTING POLICIES
	Principles of consolidation
	The accompanying consolidated financial statements include our accounts and the accounts of our wholly-owned and majority-owned subsidiaries. All intercompany account balances and transactions have been eliminated in consolidation.
	Use of estimates
	The preparation of financial statements in conformity with generally accepted accounting principles requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent liabilities in the consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, investment valuation, receivables valuation, valuation of derivative financial instruments, revenue recognition, sales returns, incentive discount offers, inventory valuation, depreciable lives of fixed assets and internally-developed software, goodwill valuation, intangible valuation, income taxes, stock-based compensation, performance-based compensation, restructuring liabilities and contingencies. Actual results could differ materially from those estimates.
	Cash equivalents
	We classify all highly liquid instruments, including money market funds with a remaining maturity of three months or less at the time of purchase, as cash equivalents. Cash equivalents were $60.1 million and $135.1 million at March 31, 2015 and December 31, 2014, respectively.
	Restricted cash
	We consider cash that is legally restricted and cash that is held as a compensating balance for letter of credit arrangements as restricted cash.
	Fair value of financial instruments
	We account for our assets and liabilities using a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our market assumptions. These two types of inputs have created the fair-value hierarchy below. This hierarchy requires us to minimize the use of unobservable inputs and to use observable market data, if available, when determining fair value.
	•	Level 1—Quoted prices for identical instruments in active markets;
	•	Level 2—Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets; and
	•	Level 3—Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.
	Under GAAP, certain assets and liabilities are required to be recorded at fair value on a recurring basis. Our assets and liabilities that are adjusted to fair value on a recurring basis are investments in money market mutual funds, trading securities, derivative instruments, and deferred compensation liabilities.
	The fair values of our investments in money market mutual funds, trading securities, and deferred compensation liabilities are determined using quoted market prices from daily exchange traded markets on the closing price as of the balance sheet date and are classified as Level 1. The fair values of our derivative instruments are determined using standard valuation models. The significant inputs used in these models are readily available in public markets, or can be derived from observable market transactions, and therefore have been classified as Level 2. Inputs used in these standard valuation models for derivative instruments include the applicable forward rates, interest rates and discount rates. Included in the fair value of derivative instruments is an adjustment for nonperformance risk. The adjustment for nonperformance risk did not have a significant impact on the estimated fair value of our derivative instruments. For additional disclosures related to our derivative instruments, see Derivative financial instruments below.
	The following tables summarize our assets and liabilities measured at fair value on a recurring basis using the following levels of inputs as of March 31, 2015 and December 31, 2014 as indicated (in thousands):
		Fair Value Measurements at March 31, 2015:
		Total				Level 1				Level 2				Level 3
	Assets:
	Cash equivalents - Money market mutual funds	$	60,094			$	60,094			$	—			$	—
	Trading securities held in a “rabbi trust” (1)	59				59				—				—
	Total assets	$	60,153			$	60,153			$	—			$	—
	Liabilities:
	Derivatives (2)	$	2,149			$	—			$	2,149			$	—
	Deferred compensation accrual “rabbi trust” (3)	63				63				—				—
	Total liabilities	$	2,212			$	63			$	2,149			$	—
		Fair Value Measurements at December 31, 2014:
		Total				Level 1				Level 2				Level 3
	Assets:
	Cash equivalents - Money market mutual funds	$	135,092			$	135,092			$	—			$	—
	Trading securities held in a “rabbi trust” (1)	90				90				—				—
	Total assets	$	135,182			$	135,182			$	—			$	—
	Liabilities:
	Derivatives (2)	$	1,008			$	—			$	1,008			$	—
	Deferred compensation accrual “rabbi trust” (3)	94				94				—				—
	Total liabilities	$	1,102			$	94			$	1,008			$	—
	___________________________________________
	-1	— Trading securities held in a rabbi trust are included in Other current and Other long-term assets in the consolidated balance sheets.
	-2	— Derivative financial instruments are included in Other long-term liabilities in the consolidated balance sheets.
	-3	— Non qualified deferred compensation in a rabbi trust is included in Accrued liabilities and Other long-term liabilities in the consolidated balance sheets.
	Our other financial instruments, including cash, restricted cash, accounts receivable, accounts payable and accrued liabilities are carried at cost, which approximates their fair value because of the short-term maturity of these instruments.
	Restricted investments
	We have a Non-Qualified Deferred Compensation Plan (the “NQDC Plan”) for senior management. Deferred compensation amounts are invested in mutual funds held in a “rabbi trust” and are restricted for payment to the participants of the NQDC Plan. We account for our investments held in the trust in accordance with Accounting Standards Codification (“ASC”) No. 320 “Investments — Debt and Equity Securities”. The investments held in the trust are classified as trading securities. The fair value of the investments held in the trust totaled $59,000 at March 31, 2015 and are included in Other current and Other long-term assets in the consolidated balance sheets. Our gains and losses on these investments were immaterial for the three months ended March 31, 2015 and 2014.
	Accounts receivable
	Accounts receivable consist primarily of trade amounts due from customers in the United States and from uncleared credit card transactions at period end. Accounts receivable are recorded at invoiced amounts and do not bear interest.
	Allowance for doubtful accounts
	From time to time, we grant credit to some of our business customers on normal credit terms (typically 30 days). We perform credit evaluations of our business customers’ financial condition and payment history and maintain an allowance for doubtful accounts receivable based upon our historical collection experience and expected collectability of accounts receivable. The allowance for doubtful accounts receivable was $572,000 and $511,000 at March 31, 2015 and December 31, 2014, respectively.
	Concentration of credit risk
	Cash equivalents include short-term, highly liquid instruments with maturities at date of purchase of three months or less. At March 31, 2015 and December 31, 2014, two banks held the majority of our cash and cash equivalents. We do not believe that, as a result of this concentration, we are subject to any unusual financial risk beyond the normal risk associated with commercial banking relationships.
	Financial instruments that potentially subject us to significant concentrations of credit risk consist primarily of cash equivalents and receivables. We invest our cash primarily in money market securities which are uninsured.
	Valuation of inventories
	Inventories, consisting of merchandise purchased for resale, are accounted for using a standard costing system which approximates the first-in-first-out (“FIFO”) method of accounting, and are valued at the lower of cost or market. We write down our inventory for estimated obsolescence and to lower of cost or market value based upon assumptions about future demand and market conditions. If actual market conditions are less favorable than those projected by management, additional inventory write-downs may be required. Once established, the original cost of the inventory less the related inventory allowance represents the new cost basis of such products. Reversal of the allowance is recognized only when the related inventory has been sold or scrapped.
	Prepaid inventories, net
	Prepaid inventories, net represent inventories paid for in advance of receipt.
	Prepaids and other current assets
	Prepaids and other current assets represent expenses paid prior to receipt of the related goods or services, including advertising, license fees, maintenance, packaging, insurance, and other miscellaneous costs.
	Fixed assets
	Fixed assets, which include assets such as technology infrastructure, internal-use software, website development, furniture and fixtures and leasehold improvements, are recorded at cost and depreciated using the straight-line method over the estimated useful lives of the related assets or the term of the related capital lease, whichever is shorter, as follows:
		Life
		(years)
	Computer software	4-Feb
	Computer hardware	4-Mar
	Furniture and equipment	5-Mar
Leasehold improvements are amortized over the shorter of the term of the related leases or estimated useful lives.
Depreciation and amortization expense is classified within the corresponding operating expense categories on the consolidated statements of income as follows (in thousands):
	Three months ended
	March 31,
	2015				2014
Cost of goods sold - direct	$	65			$	87
Technology	4,999				3,437
General and administrative	312				271
Total depreciation and amortization, including internal-use software and website development	$	5,376			$	3,795
Internal-use software and website development
Included in fixed assets is the capitalized cost of internal-use software and website development, including software used to upgrade and enhance our Website and processes supporting our business. We capitalize costs incurred during the application development stage of internal-use software and amortize these costs over the estimated useful life of two to three years. Costs incurred related to design or maintenance of internal-use software are expensed as incurred.
During the three months ended March 31, 2015 and 2014, we capitalized $4.0 million and $4.0 million, respectively, of costs associated with internal-use software and website development, both developed internally and acquired externally. Amortization of costs associated with internal-use software and website development was $3.2 million and $2.3 million for those respective periods.
Cost and equity method investments
In January 2015, in conjunction with our crypto-initiatives, we acquired a noncontrolling interest (less than 20%) in a privately held entity. The amount of the investment was $5 million and was recognized as a cost method investment included in Other long-term assets in our consolidated balance sheets. Earnings from the investment are recognized to the extent of dividends received, and we will recognize subsequent impairments to the investment if they are other than temporary. We have determined that it is not practicable to estimate the fair value of this investment. Consequently, we review this investment for impairment by evaluating if events or circumstances have occurred that may have a significant adverse effect on its fair value. If such events or circumstances have occurred, we will then estimate the fair value of the investment and determine if any decline in the fair value of the investment below its carrying value is other-than-temporary. At March 31, 2015, the carrying amount of the investment was $5 million. We recognized zero impairment losses during the three months ended March 31, 2015 and 2014.
During 2014, we acquired a 24.9% interest in a broker-dealer as part of our efforts to develop and license software to trade crypto-securities using crypto-technologies. The purchase price for the investment was $250,000 and is accounted for as an equity method investment included in Other long-term assets in our consolidated balance sheets. At March 31, 2015, the difference between the carrying value of this investment and the amount of underlying equity in net assets of the investee was not significant. Our proportionate share of the net income or loss of our equity method investee for three months ended March 31, 2015 and 2014 was not significant. When we record our proportionate share of net income, it increases income (or decreases loss) in our consolidated statements of income and our carrying value in that investment. Conversely, when we record our proportionate share of a net loss, it decreases income (or increases loss) in our consolidated statements of income and our carrying value in that investment. In conjunction with the agreement to purchase this investment we also formed an entity that is 75.1% owned by us and 24.9% owned by other parties. Although not significant, we intend to make additional contributions to this entity on behalf of these other parties. This entity is included in our consolidated financial statements. Intercompany transactions with the entity have been eliminated and the amounts of contributions and gains or losses that are attributable to noncontrolling interests are disclosed in our consolidated financial statements.
Leases
We account for lease agreements as either operating or capital leases depending on certain defined criteria. In certain of our lease agreements, we receive rent holidays and other incentives. We recognize lease costs on a straight-line basis without regard to deferred payment terms, such as rent holidays, that defer the commencement date of required payments. Additionally, tenant improvement allowances are amortized as a reduction in rent expense over the term of the lease. Leasehold improvements are capitalized at cost and amortized over the lesser of their expected useful life or the life of the lease, without assuming renewal features, if any, are exercised.
Treasury stock
We account for treasury stock under the cost method and include treasury stock as a component of stockholders’ equity.
Precious Metals
Our precious metals consisted of $6.3 million in gold and $4.6 million in silver at March 31, 2015 and December 31, 2014. We store our precious metals at an off-site secure facility. Because these assets consist of actual precious metals, rather than financial instruments, we account for them as a cost method investment initially recorded at cost (including transaction fees) and then adjusted to the lower of cost or market based on an average unit cost. On an interim basis, we recognize decreases in the value of these assets caused by market declines. Subsequent increases in the value of these assets through market price recoveries during the same fiscal year are recognized in the later interim period, but may not exceed the total previously recognized decreases in value during the same year. Gains or losses resulting from changes in the value of our precious metal assets are recorded in Other income (expense), net in our consolidated statements of income. There were no recorded gains or losses on investments in precious metals for the three months ended March 31, 2015 and 2014.
Goodwill
Goodwill represents the excess of the purchase price paid over the fair value of the tangible net assets acquired in business combinations.
Goodwill is not amortized but is tested for impairment at least annually. When evaluating whether goodwill is impaired, we make a qualitative assessment to determine if it is more likely than not that its fair value is less than its carrying amount. If the qualitative assessment determines that it is more likely than not that its fair value is less than its carrying amount, we compare the fair value of the reporting unit to which the goodwill is assigned to its carrying amount. If the carrying amount exceeds its fair value, then the amount of the impairment loss must be measured. The impairment loss, if any, is calculated by comparing the implied fair value of the goodwill to its carrying amount. In calculating the implied fair value of goodwill, the fair value of the reporting unit is allocated to the other assets and liabilities within the reporting unit based on estimated fair value. The excess of the fair value of a reporting unit over the amount allocated to its other assets and liabilities is the implied fair value of goodwill. An impairment loss is recognized when the carrying amount of goodwill exceeds its implied fair value.
In accordance with this guidance, we test for impairment of goodwill in the fourth quarter or when we deem that a triggering event has occurred. There were no impairments to goodwill recorded during the three months ended March 31, 2015 or the year ended December 31, 2014.
Cryptocurrency holdings
We hold cryptocurrency-denominated assets such as bitcoin and we include them in other current assets in our Consolidated Balance Sheets. Cryptocurrency-denominated assets were $233,000 and $340,000 at March 31, 2015 and December 31, 2014, respectively, and are recorded at the lower of cost or market based on an average unit cost. On an interim basis, we recognize decreases in the value of these assets caused by market declines. Subsequent increases in the value of these assets through market price recoveries during the same fiscal year are recognized in the later interim period, but may not exceed the total previously recognized decreases in value during the same year. Gains or losses resulting from changes in the value of our cryptocurrency assets are recorded in Other income (expense), net in our consolidated statements of income. Losses on cryptocurrency holdings were $117,000 and zero during the three months ended March 31, 2015 and 2014, respectively.
Other long-term assets
Other long-term assets consist primarily of cost and equity method investments (see Cost and equity method investments above) and long-term prepaid expenses.
Impairment of long-lived assets
We review property and equipment and other long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset group may not be recoverable. Recoverability is measured by comparison of the assets’ carrying amount to future undiscounted net cash flows the asset group is expected to generate. Cash flow forecasts are based on trends of historical performance and management’s estimate of future performance, giving consideration to existing and anticipated competitive and economic conditions. If such asset group is considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds their fair values. There were no impairments to long-lived assets recorded during the three months ended March 31, 2015 or the year ended December 31, 2014.
Derivative financial instruments
In 2014, we entered into a loan agreement in connection with the construction of our new corporate headquarters. We expect to borrow against the loan agreement in the second half of 2015. Because amounts borrowed on the loan will carry a variable LIBOR-based interest rate, we will be affected by changes in certain market conditions. These changes in market conditions may adversely impact our financial performance, and as such, we use derivatives as a risk management tool to mitigate the potential impact of these changes. We do not enter into derivatives for speculative or trading purposes. The primary market risk we manage through the use of derivative instruments is interest rate risk on the amounts we expect to borrow under the loan agreement relating to our new headquarters. To manage that risk, we use interest rate swap agreements. An interest rate swap agreement is a contract between two parties to exchange cash flows based on underlying notional amounts and indices. Our interest rate swaps entitle us to pay amounts based on a fixed rate in exchange for receipt of amounts based on variable rates. Because we have not yet borrowed against the loan agreement related to our cash flow hedges, the notional amounts under our hedges at March 31, 2015 were zero.
Our derivatives are carried at fair value in our consolidated balance sheets in Other long-term liabilities on a gross basis. The accounting for gains and losses that result from changes in the fair values of derivative instruments depends on whether the derivatives have been designated and qualify as hedging instruments under GAAP. Our derivatives have been designated and qualify as cash flow hedges. We formally designated and documented, at inception, the financial instruments as hedges of specific underlying exposures, the risk management objectives, and the strategy for undertaking the hedging transactions. In addition, we formally assess, both at the inception and at least quarterly thereafter, whether the financial instruments used in hedging transactions are effective at offsetting changes in the cash flows of the related underlying exposures. To the extent that the hedges are effective, the changes in fair values of our cash flow hedges are recorded in Accumulated other comprehensive income. Any ineffective portion is immediately recognized into earnings.
We determine the fair values of our derivatives based on quoted market prices or using standard valuation models (see Fair value of financial instruments above). The notional amounts of the derivative financial instruments do not necessarily represent amounts exchanged by the parties and, therefore, are not a direct measure of our exposure to the financial risks described above. The amounts exchanged are calculated by reference to the notional amounts and by other terms of the derivatives, such as interest rates.
The following table shows the effect of derivative financial instruments that were designated as accounting hedges for the period indicated (in thousands):
Cash flow hedges (1)		Amount of gain (loss) recognized in OCI on derivative (effective portion) net of tax				Location of gain (loss) reclassified from Accumulated OCI into income (effective portion)		Amount of gain (loss) reclassified from Accumulated OCI into income (effective portion)				Location of gain (loss) recognized in income on derivative (ineffective portion)		Amount of gain (loss) recognized in income on derivative (ineffective portion)
Three months ended March 31, 2015
Interest rate swap		$	(703	)		Interest expense		$	—			Interest expense		$	—
The following table provides the outstanding notional balances and fair values of derivative financial instruments that were designated as accounting hedges outstanding positions for the dates indicated, and recorded gains/(losses) during the periods indicated (in thousands):
Cash flow hedges (1)		Location in balance sheet		Expiration date		Outstanding notional				Fair value				Beginning gains (losses)			Gains (losses) recorded during period (2)			Ending gains (losses)
Three months ended March 31, 2015
Interest rate swap		Other long-term liabilities		2023		$	—			$	(2,149	)		$	(1,008	)	$	(1,141	)	$	(2,149	)
___________________________________________
-1	— There were no outstanding derivative instruments for the three months ended March 31, 2014.
-2	— Gains (losses) recorded during the period are presented gross of the related tax impact.
Revenue recognition
We derive our revenue primarily from direct revenue and partner revenue from merchandise sales. We also earn revenue from advertising on our shopping and other pages. We have organized our operations into two principal segments based on the primary source of revenue: direct revenue and partner revenue (see Note 7—Business Segments).
Revenue is recognized when the following revenue recognition criteria are met: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or the service has been provided; (3) the selling price or fee revenue earned is fixed or determinable; and (4) collection of the resulting receivable is reasonably assured. Revenue related to merchandise sales is recognized upon delivery to our customers. As we ship high volumes of packages through multiple carriers, it is not practical for us to track the actual delivery date of each shipment. Therefore, we use estimates to determine which shipments are delivered and, therefore, recognized as revenue at the end of the period. Our delivery date estimates are based on average shipping transit times, which are calculated using the following factors: (i) the type of shipping carrier (as carriers have different in-transit times); (ii) the fulfillment source (either our warehouses, those warehouses we control, or those of our partners); (iii) the delivery destination; and (iv) actual transit time experience, which shows that delivery date is typically one to eight business days from the date of shipment. We review and update our estimates on a quarterly basis based on our actual transit time experience. However, actual shipping times may differ from our estimates.
We evaluate the criteria outlined in ASC Topic 605-45, Principal Agent Considerations, in determining whether it is appropriate to record the gross amount of product sales and related costs or the net amount earned as commissions. When we are the primary obligor in a transaction, are subject to inventory risk, have latitude in establishing prices and selecting suppliers, or have several but not all of these indicators, revenue is recorded gross. If we are not the primary obligor in the transaction and amounts earned are determined using a fixed percentage, revenue is recorded on a net basis. Currently, the majority of both direct revenue and partner revenue is recorded on a gross basis, as we are the primary obligor. We present revenue net of sales taxes.
We periodically provide incentive offers to our customers to encourage purchases. Such offers include current discount offers, such as percentage discounts off current purchases and other similar offers, which, when used by customers, are treated as a reduction of revenue.
Based upon our historical experience, revenue typically increases during the fourth quarter because of the holiday retail season.
Direct revenue
Direct revenue is derived from merchandise sales of our owned inventory to individual consumers and businesses. Direct revenue comes from merchandise sales that occur primarily through our Website, but may also occur through offline and other channels.
Partner revenue
Partner revenue is derived from merchandise sales of inventory owned by our partners which they generally ship directly to our consumers and businesses. Partner revenue comes from merchandise sales that occur primarily through our Website, but may also occur through offline and other channels.
Club O loyalty program
We have a customer loyalty program called Club O for which we sell annual memberships ("standard Club O"). During 2014, we also introduced an introductory customer loyalty program called Club O Silver for customers who sign up to receive promotional emails. For standard Club O memberships, we record membership fees as deferred revenue and we recognize revenue ratably over the membership period. Both the standard Club O and Club O Silver loyalty programs allow members to earn reward dollars for qualifying purchases made on our Website. We also have a co-branded credit card program (see Co-branded credit card revenue below for more information). Co-branded cardholders are also standard Club O members and earn additional reward dollars for purchases made on our Website, and from other merchants.
Club O Reward dollars earned may be redeemed on future purchases made through our Website. Standard Club O membership reward dollars expire 90 days after the customer’s Club O membership expires. Club O Silver reward dollars expire 90 days after they are earned if no additional qualifying purchases are made during that period.
We account for these transactions as multiple element arrangements and allocate revenue to the elements using their relative fair values. We include the value of reward dollars earned in deferred revenue and we record it as a reduction of revenue at the time the reward dollars are earned.
We recognize revenue for Club O reward dollars when customers redeem their reward dollars as part of a purchase at our Website. We recognize other income when Club O Reward dollars expire or the likelihood of reward dollars being redeemed by a customer is remote (“reward dollar breakage”). Reward dollar breakage is currently recognized when the reward dollars expire as Other income in our consolidated statements of income. Because we recently introduced Club O Silver, and enrolled a significant number of Club O Silver members, reward dollars and resulting breakage may increase as compared to prior periods.
In instances where customers receive free Club O reward dollars not associated with any purchases, we account for these transactions as sales incentives such as coupons and record a reduction of revenue at the time the reward dollars are redeemed.
Co-branded credit card program
We have a co-branded credit card agreement with a commercial bank for the issuance of credit cards bearing the Overstock.com brand, under which the bank pays us fees for new accounts and for customer usage of the cards. The agreement also provides for a customer loyalty program offering reward points that customers will accrue from card usage and can use to make purchases on our Website (see Club O loyalty program above for more information). New account fees are recognized as revenue on a straight-line basis over the estimated expected life of co-branded credit card customers. Credit card usage fees are recognized as revenues as actual credit card usage occurs.
We also have a private label credit card agreement with another commercial bank for the issuance of credit cards bearing our brand, but that is only available for use on our Website. In connection with the agreement, we received upfront fees that we recognize as revenue on a straight line basis over the term of the agreement, which runs through February 2022. When customers make regular revolving purchases using the card, we receive fees, which are recognized as revenue. When we offer promotional financing for purchases made with the card (for example, 12 months same as cash), we pay a discount fee to the commercial bank, which we recognize as a reduction of revenue. The commercial bank owns all of the accounts under the program and performs all account administration, underwriting and servicing. Fees and royalties from new accounts, credit card usage fees, and fees from both of these cards were less than 1% of total net revenues for all periods presented.
Deferred revenue
Customer orders are recorded as deferred revenue prior to delivery of products or services ordered. We record amounts received for Club O membership fees as deferred revenue and we recognize it ratably over the membership period. We record Club O reward dollars earned from purchases as deferred revenue at the time they are earned and we recognize it as revenue upon redemption. If reward dollars are not redeemed, we recognize other income upon expiration. In addition, we sell gift cards and record related deferred revenue at the time of the sale. We sell gift cards without expiration dates and we recognize revenue from a gift card upon redemption of the gift card. If a gift card is not redeemed, we recognize other income when the likelihood of its redemption becomes remote based on our historical redemption experience. We consider the likelihood of redemption to be remote after 36 months.
We periodically enter into agreements with other parties to jointly market ancillary products or services on our website. As a result of those agreements, we sometimes receive payments in advance of performing our obligations under those agreements. Such payments received before we perform our obligations are recognized over our service period.
Sales returns allowance
We inspect returned items when they arrive at our processing facility. We refund the full cost of the merchandise returned and all original shipping charges if the returned item is defective or we or our partners have made an error, such as shipping the wrong product.
If the return is not a result of a product defect or a fulfillment error and the customer initiates a return of an unopened item within 30 days of delivery, for most products we refund the full cost of the merchandise minus the original shipping charge and actual return shipping fees. However, we reduce refunds for returns initiated more than 30 days after delivery or that are received at our returns processing facility more than 45 days after initial delivery.
If our customer returns an item that has been opened or shows signs of wear, we issue a partial refund minus the original shipping charge and actual return shipping fees.
Revenue is recorded net of estimated returns. We record an allowance for returns based on current period revenues and historical returns experience. We analyze actual historical returns, current economic trends and changes in order volume and acceptance of our products when evaluating the adequacy of the sales returns allowance in any accounting period.
The allowance for returns was $10.4 million and $15.5 million at March 31, 2015 and December 31, 2014 respectively. The decrease in allowance for returns at March 31, 2015 compared to December 31, 2014 is primarily due to decreased revenues mostly due to seasonality.
Credit card chargeback allowance
Revenue is recorded net of credit card chargebacks. We maintain an allowance for credit card chargebacks based on current period revenues and historical chargeback experience. The allowance for chargebacks was $105,000 and $129,000 at March 31, 2015 and December 31, 2014, respectively.
Cost of goods sold
Cost of goods sold includes product costs, warehousing costs, outbound shipping costs, handling and fulfillment costs, customer service costs and credit card fees, and is recorded in the same period in which related revenues have been recorded. Cost of goods sold, including product cost and other costs and fulfillment and related costs are as follows (in thousands):
	Three months ended
	March 31,
	2015							2014
Total revenue, net	$	398,344			100	%		$	341,207			100	%
Cost of goods sold
Product costs and other cost of goods sold	305,470				77	%		261,798				77	%
Fulfillment and related costs	17,437				4	%		15,413				5	%
Total cost of goods sold	322,907				81	%		277,211				81	%
Gross profit	$	75,437			19	%		$	63,996			19	%
Advertising expense
We expense the costs of producing advertisements the first time the advertising takes place and expense the cost of communicating advertising in the period during which the advertising space or airtime is used. Internet advertising expenses are recognized as incurred based on the terms of the individual agreements, which are generally: 1) a commission for traffic driven to the Website that generates a sale or 2) a referral fee based on the number of clicks on keywords or links to our Website generated during a given period. Advertising expense is included in sales and marketing expenses and totaled $25.8 million and $20.4 million during the three months ended March 31, 2015 and 2014, respectively. Prepaid advertising (included in Prepaids and other current assets in the accompanying consolidated balance sheets) was $1.4 million and $1.5 million at March 31, 2015 and December 31, 2014, respectively.
Stock-based compensation
We measure compensation expense for all outstanding unvested share-based awards at fair value on the date of grant and recognize compensation expense over the service period for awards expected to vest at the greater of a straight line basis or on an accelerated schedule when vesting of restricted stock awards exceeds a straight line basis. The estimation of stock awards that will ultimately vest requires judgment, and to the extent actual results differ from estimates, such amounts are recorded as an adjustment in the period estimates are revised. We consider many factors when estimating expected forfeitures, including types of awards, and historical experience. Actual results may differ substantially from these estimates (see Note 6. Stock-Based Awards).
Loss contingencies
In the normal course of business, we are involved in legal proceedings and other potential loss contingencies. We accrue a liability for such matters when it is probable that a loss has been incurred and the amount can be reasonably estimated. When only a range of probable loss can be estimated, the most probable amount in the range is accrued. If no amount within this range is a better estimate than any other amount within the range, the minimum amount in the range is accrued. We expense legal fees as incurred (see Note 4. Commitments and Contingencies).
Income taxes
Our income tax provision for interim periods is determined using an estimate of our annual effective tax rate adjusted for discrete items, if any, for relevant interim periods. We update our estimate of the annual effective tax rate each quarter and make cumulative adjustments if our estimated annual effective tax rate changes.
Our quarterly tax provision and our quarterly estimate of our annual effective tax rate are subject to significant variations due to several factors including variability in predicting our pre-tax and taxable income and the mix of jurisdictions to which those items relate, relative changes of expenses or losses for which tax benefits are not recognized, how we do business, and changes in law, regulations, and administrative practices. Our effective tax rate can be volatile based on the amount of pre-tax income. For example, the impact of discrete items on our effective tax rate is greater when pre-tax income is lower. The tax provision does not include a benefit for the federal research credit, which expired at the end of 2014. If retroactively reinstated, the credit will be a discrete tax benefit in the period enacted.
We have not provided for U.S. income tax on certain foreign earnings because we intend to indefinitely reinvest these earnings outside the U.S. We have begun expansion of operations outside of the U.S. and have plans for additional expansion for which we have incurred and will continue to incur capital requirements. We have considered ongoing capital requirements of the parent company in the U.S.
We have tax deductions from stock-based compensation that exceed the stock-based compensation recorded for such instruments. To the extent such excess tax benefits are ultimately realized, they will increase shareholders’ equity. We utilize the “with-and-without” approach in determining if and when such excess tax benefits are realized. Under this approach, excess tax benefits related to stock-based compensation are the last tax benefits to be realized.
Earnings per share
Basic earnings per share is computed by dividing net income attributable to common shares by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income attributable to common shares for the period by the weighted average number of common and potential common shares outstanding during the period. Potential common shares, comprising incremental common shares issuable upon the exercise of stock options and restricted stock awards are included in the calculation of diluted earnings per common share to the extent such shares are dilutive.
The following table sets forth the computation of basic and diluted net income per common share for the periods indicated (in thousands, except per share data):
	Three months ended March 31,
	2015				2014
Net income attributable to stockholders of Overstock.com, Inc.	$	2,739			$	3,970
Net income per common share—basic:
Net income attributable to common shares—basic	0.11				0.17
Weighted average common shares outstanding—basic	24,213				23,926
Effect of dilutive securities:
Stock options and restricted stock awards	177				413
Weighted average common shares outstanding—diluted	24,390				24,339
Net income attributable to common shares—diluted	$	0.11			$	0.16
The following shares were excluded from the calculation of diluted shares outstanding as their effect would have been anti-dilutive (in thousands):
	Three months ended March 31,
	2015			2014
Stock options and restricted stock units	132			226

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION
	As used herein, "Overstock," "Overstock.com," "O.co," "we," "our" and similar terms include Overstock.com, Inc. and our majority-owned subsidiaries, unless the context indicates otherwise. We have prepared the accompanying unaudited consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements and should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations and our audited annual consolidated financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2014. The accompanying unaudited consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, which are, in our opinion, necessary for a fair presentation of results for the interim periods presented. Preparing financial statements requires us to make estimates and assumptions that affect the amounts that are reported in the consolidated financial statements and accompanying disclosures. Although these estimates are based on our best knowledge of current events and actions that we may undertake in the future, actual results may be different from the estimates. The results of operations for the three months ended March 31, 2015 are not necessarily indicative of the results to be expected for any future period or the full fiscal year.

BORROWINGS

BORROWINGS	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
BORROWINGS	BORROWINGS
	U.S. Bank term loan and revolving loan agreement
	In October 2014, we entered into a syndicated senior secured credit facility (the “Facility”) with U.S. Bank National Association ("U.S. Bank" or the "Administrative Bank") and certain other banks in connection with the construction of our new corporate headquarters (the "Project"). The Facility is governed by a Loan Agreement dated as of October 24, 2014 which provides for an aggregate credit amount of $55.8 million, consisting of (i) a senior secured real estate loan of $45.8 million (the “Real Estate Loan”) to be used to finance a portion of the Project and (ii) a three-year $10.0 million senior secured revolving credit facility (the “Revolving Loan”) for working capital and capital expenditures, but not for the Project. We must satisfy a number of conditions at least 60 days prior to any funding under the Facility, including making cash contributions of approximately $37.4 million toward the Project. We may also be required to make additional cash contributions if necessary to maintain a loan to value ratio of 80% or less. The Real Estate Loan and the Revolving Loan are both secured by the Project, our inventory and accounts receivable, substantially all of our deposit accounts and related assets. We expect to begin borrowing under the Facility in the second half of 2015.
	On or about January 1, 2017, upon completion of the Project, the Real Estate Loan is designed to convert into an approximately 6.75-year term loan due October 1, 2023 (the “Term Loan”). The conditions to conversion of the Real Estate Loan to the Term Loan include, among others, requirements that the Project must have been completed in accordance with the applicable plans, paid for in full, and generally free of liens; completion must have been certified by the project architect and the inspecting architect; certificates of occupancy must have been issued; we must have paid all amounts then due to the lending banks and must be in compliance with the covenants under the Loan Agreement; the Real Estate Loan must be brought “in balance” as defined in the Loan Agreement, which may require us to contribute additional cash to the Project; we must have paid the final amount of our cash contribution as required by the Loan Agreement; and if required by the Administrative Bank, an updated appraisal must show that the Project is in compliance with an 80% loan to value ratio requirement. If the conditions to conversion are not satisfied in early 2017, all amounts outstanding under the Facility will become immediately due and payable.
	Amounts outstanding under the Real Estate Loan and the Term Loan will carry an interest rate based on one-month LIBOR plus 2.00% or an Alternate Base Rate plus 1.00%. However, we have entered into interest rate swap agreements designed to fix our interest rate on the Real Estate Loan and the Term Loan at approximately 4.6% annually (see Derivative financial instruments in Note 2. Accounting Policies). Monthly payments of interest only will be due and payable on the Real Estate Loan prior to conversion. Following conversion, we are required to make monthly payments of principal estimated to be $1.1 million annually plus interest, with a balloon payment of all unpaid principal (estimated to be $38.0 million) and interest on October 1, 2023. Amounts outstanding under the Revolving Loan will carry an interest rate based on LIBOR plus 2.00% or an Alternate Base Rate plus 1.00%.
	We are required to maintain compliance as of the end of each calendar quarter beginning with the quarter ending December 31, 2014 with the following financial covenants:
	•	a fixed charge coverage ratio on a trailing 12-month basis of no less than 1.15 to 1.00;
	•	a cash flow leverage ratio on a trailing 12-month basis not greater than 3.00 to 1.00 during the Construction Phase (as defined in the Loan Agreement);
	•	a cash flow leverage ratio not greater than 2.50 to 1.00 following the Construction Phase; and
	•	minimum liquidity of at least $50.0 million.
	At March 31, 2015 we were in compliance with the financial covenants. In addition to the financial covenants described above, we are required to comply with a number of covenants relating to the Project and our business, including covenants limiting certain indebtedness. Notwithstanding, the Loan Agreement permits us to incur up to $20.0 million of additional senior-secured indebtedness for equipment financing, and other senior-secured indebtedness provided that the aggregate principal amount of such other senior-secured indebtedness does not exceed ten percent of our consolidated assets. The Loan Agreement includes customary events of default in addition to events of default relating specifically to the Project. The Real Estate Loan and the Revolving Loan are cross-defaulted and cross-collateralized. In the event of a default, the default rate of interest would be 2.00% above the otherwise applicable rate.
	Unless it terminates earlier or is extended with the consent of the Administrative Bank and all of the Banks, the Revolving Loan facility will terminate on October 24, 2017.
	As of March 31, 2015 we had not borrowed any amounts under either the Real Estate Loan or the Revolving Loan.
	U.S. Bank letters of credit
	At March 31, 2015 and December 31, 2014, letters of credit totaling $505,000 and $580,000 respectively, were issued on our behalf collateralized by compensating cash balances held at U.S. Bank, which are included in Restricted cash in the accompanying consolidated balance sheets.
	U.S. Bank commercial purchasing card agreement
	We have a commercial purchasing card (the “Purchasing Card”) agreement with U.S. Bank. We use the Purchasing Card for business purpose purchasing and must pay it in full each month. At March 31, 2015, $1.5 million was outstanding and $3.5 million was available under the Purchasing Card. At December 31, 2014, $803,000 was outstanding and $4.2 million was available under the Purchasing Card.
	Capital leases
	During the three months ended March 31, 2015, and the year ended December 31, 2014, we entered into capital lease arrangements of computer equipment for $362,000 and $325,000, respectively. These arrangements will expire in 2017. In order to obtain discounted pricing, we prepaid the entire $362,000 and $325,000 shortly after entering into the respective agreements. As such, we have no future payment obligations under capital leases at March 31, 2015 and December 31, 2014.
	Fixed assets included assets under capital leases of $4.9 million and $4.7 million and accumulated depreciation related to assets under capital leases of $3.0 million and $2.8 million, respectively, at March 31, 2015 and December 31, 2014. Depreciation expense of assets recorded under capital leases was $195,000 and $160,000, for the three months ended March 31, 2015 and 2014, respectively.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES
	Summary of future minimum lease payments for all operating leases
	Minimum future payments under all operating leases as of March 31, 2015, are as follows (in thousands):
	Payments due by period
	2015 (remainder)	$	8,571
	2016	9,342
	2017	4,963
	2018	4,585
	2019	3,916
	Thereafter	28,521
		$	59,898
	Rental expense for operating leases totaled $3.1 million and $2.9 million for the three months ended March 31, 2015 and 2014, respectively.
	Naming rights
	During 2011, we entered into a six-year agreement with the Oakland-Alameda County Coliseum Authority ("OACCA") for the right to name the Oakland Alameda County Coliseum. Amounts shown below represent annual payments due OACCA for the naming rights. We have the right to terminate this agreement at our sole option, subject to payment of a termination fee.
	Minimum future payments under the naming rights agreement as of March 31, 2015, are as follows (in thousands):
	Payments due by period:
	2015 (remainder)	$	1,351
	2016	1,391
	Thereafter	—
		$	2,742
	Technology
	From time to time we enter into non-cancellable, long-term contractual agreements for technology services. Minimum future payments under these agreements as of March 31, 2015, are as follows (in thousands):
	Payments due by period:
	2015 (remainder)	$	2,292
	2016	2,118
	Thereafter	—
		$	4,410
	Legal Proceedings
	From time to time, we are involved in litigation concerning consumer protection, employment, intellectual property and other commercial matters related to the conduct and operation of our business and the sale of products on our Website. In connection with such litigation, we may be subject to significant damages. In some instances other parties may have contractual indemnification obligations to us. However, such contractual obligations may prove unenforceable or non-collectible, and if we cannot enforce or collect on indemnification obligations, we may bear the full responsibility for damages, fees and costs resulting from such litigation. We may also be subject to penalties and equitable remedies that could force us to alter important business practices. Such litigation could be costly and time consuming and could divert or distract our management and key personnel from our business operations. Due to the uncertainty of litigation and depending on the amount and the timing, an unfavorable resolution of some or all of these matters could materially affect our business, results of operations, financial position, or cash flows.
	On February 2, 2007, along with five shareholder plaintiffs, we filed a lawsuit in the Superior Court of California, County of San Francisco against Goldman Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith, Inc., and also in the original complaint and by later amendment, against 8 other defendant banks. The suit alleged that the defendants, who controlled over 80% of the prime brokerage market, participated in an illegal stock market manipulation scheme and that the defendants had no intention of covering short sell orders with borrowed stock, as they are required to do, causing what are referred to as “fails to deliver” and that the defendants’ actions caused and continued to cause dramatic declines in the share price of our stock and that the amount of “fails to deliver” often exceeded our entire supply of outstanding shares. The suit accused the defendants of violations of California securities laws and common law and violations of California’s Unfair Business Practices Act. Owing to its bankruptcy filing in 2008, we elected not to pursue our claims against one of the defendants. On July 23, 2009, the court sustained defendants’ demurrer to our amended causes of action for conversion and trespass to chattels. On December 15, 2010, we and the other plaintiffs in the case entered into a settlement agreement with certain of the defendants requiring these defendants to pay in the aggregate $4.5 million to plaintiffs. Other terms of settlement are confidential. Following this settlement, remaining defendants in the suit were Goldman Sachs Group, Inc., Goldman Sachs & Co., Goldman Sachs Execution & Clearing L.P., (“Goldman Defendants”) Merrill Lynch, Pierce, Fenner & Smith, Inc., Merrill Lynch Professional Clearing Corporation (“Merrill Lynch Defendants), and Bank of America Securities LLC. On December 15, 2010, we filed a motion to amend our complaint against the Goldman and Merrill Lynch Defendants to add a cause of action based on the New Jersey Racketeer Influenced and Corrupt Organization (RICO) Act. Defendants challenged the RICO claim by demurrer and eventually the court sustained the demurrer. We thereafter entered a settlement agreement with Bank of America Securities LLC, the terms of which are confidential, and dismissed the action as to that defendant. On August 19, 2011, the remaining defendants filed a motion for summary judgment. On January 10, 2012, the court granted the motion for summary judgment as to all remaining defendants and the judgment was entered. We appealed that decision and each side appealed the trial court’s decisions regarding sealing of certain records in the case. The defendants applied to the court for reimbursement from us of their allowable court costs, and the court ordered costs in the amount of $689,471. The Court of Appeal issued its decision on November 13, 2014, reversing the trial court’s dismissal and summary judgment in favor of Merrill Lynch Professional Clearing Corporation, but the court upheld the decision dismissing the Goldman Defendants. The Court of Appeal also upheld the trial court’s decision denying the amendment of the complaint to include RICO claims, and in the matter of the sealing of the records, ordered that the relevant portions of the records be made public, subject to the trial court’s determination of which documents were relevant and what third party, private financial information should be redacted. All parties petitioned the California Supreme Court for review of various parts the decision, and the court denied the petitions. The case has been remitted to the Court of Appeal, and subsequently to the trial court for final trial preparation and trial of our claims against Merrill Lynch Professional Clearing Corporation. The nature of the loss contingencies relating to any court costs ordered against us are described above.
	On September 23, 2009, SpeedTrack, Inc. sued us along with 27 other defendants in the United States District Court in the Northern District of California. We are alleged to have infringed a patent covering search and categorization software. We believe that certain third party vendors of products and services sold to us are contractually obligated to indemnify us in this action. On November 11, 2009, the parties stipulated to stay all proceedings in the case until resolution of a reexamination of the patent in question, and also until a previously filed infringement action against Wal-Mart Stores, Inc. and other retailers resulted either in judgment or dismissal. Subsequently, the parties agreed to extend the time for defendants to answer until 21 days following a court order to lift the stay to which the parties stipulated. The United States Patent and Trademark Office resolved the reexamination of the patent in question in favor of SpeedTrack, Inc. The case remains stayed, pending the outcome and appeal of the infringement action against Wal-Mart Stores, Inc. and other retailers. On February 22, 2012, the court in the Wal-Mart Stores case granted Wal-Mart Stores’ motion for summary judgment of non-infringement. The court also granted Speedtrack’s motion for summary judgment on patent validity. Speedtrack appealed, and the ruling was upheld. It is not known whether the summary judgments granted in the Wal-Mart Stores case will have an effect on the Speedtrack case in which we are named as one of the defendants. The nature of the loss contingencies relating to claims that have been asserted against us are described above. However no estimate of the loss or range of loss can be made. We intend to vigorously defend this action and pursue our indemnification rights with our vendors.
	On September 29, 2010, a trustee in bankruptcy filed against us an adversary proceeding in the matter of In re: Petters Company, Inc., a case filed in United States Bankruptcy Court, in the District of Minnesota. The complaint alleges principal causes of action against us under various Bankruptcy Code sections and the Minnesota Fraudulent Transfer Act, to recover damages for alleged transfers of property from the Petters Company occurring prior to the filing of the case initially as a civil receivership in October 2008. The trustee’s complaint alleges such transfers occurred in at least one note transaction whereby we transferred at least $2.3 million and received in return transfers totaling at least $2.5 million. The case is in its discovery stages. We filed a motion to dismiss on statute of limitations and other grounds. The court consolidated the issues in our motion with issues raised by motion in similar trustee-filed cases. The court issued legal rulings on these consolidated legal issues, and has allowed portions of the case to proceed to the discovery stage. The nature of the loss contingencies relating to claims that have been asserted against us are described above. However, no estimate of the loss or range of loss can be made. We intend to vigorously defend this action.
	On November 17, 2010, we were sued in the Superior Court of California, County of Alameda, by District Attorneys for the California Counties of Alameda, Marin, Monterey, Napa, Santa Clara, Shasta and Sonoma County, and the County of Santa Cruz later joined the suit. These district attorneys sought damages and an injunction under claims for violations of California consumer protection laws, alleging we made untrue or misleading statements concerning our pricing, price reductions, sources of products and shipping charges. The complaint asked for damages in the amount of not less than $15.0 million. We tried the case in September 2013 before the judge of the court and made final arguments in December 2013. On January 3, 2014, the court issued a tentative ruling in favor of the District Attorneys, which became a final Statement of Decision on February 5, 2014. The decision provides for an injunction that prescribes disclosures necessary for certain types of price advertising and price reductions and imposes civil penalties of $3,500 per day for practices from March 2006 through September 2008, and $2,000 per day for September 2008 through September 2013, totaling $6.8 million. The court issued a Final Judgment February 19, 2014 reflecting the Court’s Statement of Decision. We have stipulated to Plaintiff’s reimbursement of costs in the amount of $111,500. We have appealed the decision and have secured a bond as required in the ruling in the amount of 150% of the penalty imposed in the matter until the ruling on the appeal. The appeal is briefed. No date has been set for oral argument. The nature of the loss contingencies relating to claims that have been asserted against us are described above. We intend to continue to vigorously pursue the appeal and defend this action.
	On September 11, 2011, Droplets, Inc. filed suit against us and eight other defendants in the United States District Court in the Eastern District of Texas for infringement of a patent covering strings of programming code downloaded from a server to a client computer. The case was tried and on January 16, 2015 the jury rendered a verdict of infringement assessing damages in the amount of $4.0 million against us. Droplets has filed a motion for, and court may also order, injunctive relief, the payment of pre- and post-judgment interest, future royalties, attorney fees and costs. Droplets alleges future royalties in the amount of $305,000 per month. We have responded that we do not now infringe and that in any event, the amount requested is not legally justified. We have taken steps to avoid a future infringement finding. Droplets is also seeking reimbursement of its attorneys fees in an unspecified amount. Once judgment is final, we intend to appeal. The nature of the loss contingencies relating to claims that have been asserted against us are described above. We intend to vigorously defend this action and pursue our indemnification rights with our vendors.
	On February 11, 2013, RPost Holdings, Inc., RPost Communications Limited, and RMail Limited, filed suit against us in the United States District Court in Eastern District of Texas for infringement of patents covering products and services that verify the delivery and integrity of email messages. We tendered defense of the case to an indemnitor which accepted the defense. We answered the complaint. The case is in its early stages. The nature of the loss contingencies relating to claims that have been asserted against us are described above. However, no estimate of the loss or range of loss can be made. We intend to vigorously defend this action and pursue our indemnification rights with our vendors.
	On September 30, 2013, Altaf Nazerali filed suit against us in the Supreme Court of British Columbia for vicarious liability for defamation, libel and slander. The suit relates to alleged representations about Nazerali found on the website deepcapture.com. The suit alleges that the representations were made by our Chief Executive Officer, Patrick Byrne, and two other individuals on deepcapture.com. We are vigorously defending the action which is currently being tried in Canada. If Nazerali succeeds in the Canadian court, since we have no assets in Canada, Nazerali would have to domesticate his judgment in the United States before he could enforce any judgment against us. Canadian law and United States law regarding the prosecution of defamation, libel and slander cases are very different. As a result of the United States Constitutional protections of free speech, United States law affords a defendant in this type of case much greater procedural protections than does Canadian law. Before a foreign judgment for this kind of claim can be domesticated in the United States, a foreign judgment-holder must show that the judgment is not repugnant to the United States Constitution or alternatively, that affording the defendant these procedural protections would not have had a different result. The nature of the loss contingencies relating to claims that have been asserted against us are described above. However, no estimate of the loss or range of loss can be made.
	In June 2013, William French filed suit against us and 46 other defendants under seal in the Superior Court of the State of Delaware. The filing was unsealed on March 24, 2014. French brought the action on Delaware’s behalf for violations of Delaware’s unclaimed property laws and for recovery of the unredeemed gift card value allegedly attributable to Delaware residents. French’s complaint alleges that we, and other defendants, knowingly refused to fulfill obligations under Delaware's Abandoned Property Law by failing to report and deliver unclaimed gift card funds to the State of Delaware, and knowingly made, used or caused to be made or used, false statements and records to conceal, avoid or decrease an obligation to pay or transmit money to Delaware in violation of the Delaware False Claims and Reporting Act. The complaint seeks an injunction, monetary damages (including treble damages) penalties, and attorneys' fees and costs. The case is in its discovery stages. The nature of the loss contingencies relating to claims that have been asserted against us are described above. However, no estimate of the loss or range of loss can be made.
	We establish liabilities when a particular contingency is probable and estimable. At March 31, 2015, we have accrued $12.7 million in light of these probable and estimable liabilities. It is reasonably possible that the actual losses may exceed our accrued liabilities. We have other contingencies which are reasonably possible; however, the reasonably possible exposure to losses cannot currently be estimated.

INDEMNIFICATIONS_AND_GUARANTEE

INDEMNIFICATIONS AND GUARANTEES	3 Months Ended
	Mar. 31, 2015
INDEMNIFICATIONS AND GUARANTEES
INDEMNIFICATIONS AND GUARANTEES	INDEMNIFICATIONS AND GUARANTEES
	During our normal course of business, we have made certain indemnities, commitments, and guarantees under which we may be required to make payments in relation to certain transactions. These indemnities include, but are not limited to, indemnities to various lessors in connection with facility leases for certain claims arising from such facility or lease, the environmental indemnity we entered into in favor of the lenders under our Loan Agreement with U.S. Bank and other banks, and indemnities to our directors and officers to the maximum extent permitted under the laws of the State of Delaware. The duration of these indemnities, commitments, and guarantees varies, and in certain cases, is indefinite. In addition, the majority of these indemnities, commitments, and guarantees do not provide for any limitation of the maximum potential future payments we could be obligated to make. As such, we are unable to estimate with any reasonableness our potential exposure under these items. We have not recorded any liability for these indemnities, commitments, and guarantees in the accompanying consolidated balance sheets. We do, however, accrue for losses for any known contingent liability, including those that may arise from indemnification provisions, when future payment is both probable and reasonably estimable.

STOCKBASED_AWARDS

STOCK-BASED AWARDS	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK-BASED AWARDS	STOCK-BASED AWARDS
	We have equity incentive plans that provide for the grant to employees of stock-based awards, including stock options and restricted stock. During the three months ended March 31, 2015 and 2014, the Compensation Committee of the Board of Directors approved grants of 650 and 231,560 restricted stock awards, respectively, to our officers, board members and employees. The restricted stock awards vest over three years at 33.3% at the end of the first year, 33.3% at the end of the second year and 33.3% at the end of the third year and are subject to the employee’s continuing service to us. At March 31, 2015, there were 232,739 unvested restricted stock awards that remained outstanding.
	The cost of restricted stock awards is determined using the fair value of our common stock on the date of the grant, and compensation expense is either recognized on a straight line basis over the three-year vesting schedule or on an accelerated schedule when vesting of restricted stock awards exceeds a straight-line basis. The cumulative amount of compensation expense recognized at any point in time is at least equal to the portion of the grant date fair value of the award that is vested at that date. The weighted average grant date fair value of restricted stock awards granted during the three months ended March 31, 2015 was $22.80.
	Stock-based compensation expense related to restricted stock awards was $778,000 and $923,000 during the three months ended March 31, 2015 and 2014, respectively.
	The following table summarizes restricted stock award activity during the three months ended March 31, 2015 (in thousands):
		Three months ended
		March 31, 2015
		Units		Weighted
				Average
				Grant Date
				Fair Value
	Outstanding—beginning of year	578		$	16.7
	Granted at fair value	1		22.8
	Vested	(331	)	12.52
	Forfeited	(15	)	23.7
	Outstanding—end of period	233		$	22.18

BUSINESS_SEGMENTS

BUSINESS SEGMENTS	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
BUSINESS SEGMENTS	BUSINESS SEGMENTS
	Segment information has been prepared in accordance with ASC Topic 280 Segment Reporting. Segments were determined based on how we manage the business. There were no inter-segment sales or transfers during the three months ended March 31, 2015 and 2014. We evaluate the performance of our segments and allocate resources to them based primarily on gross profit. The table below summarizes information about reportable segments for the three months ended March 31, 2015 and 2014 (in thousands):
		Three months ended
		March 31,
		Direct		Partner		Total
	2015
	Revenue, net	$	36,135	$	362,209	$	398,344
	Cost of goods sold	32,527		290,380		322,907
	Gross profit	$	3,608	$	71,829	$	75,437
	Operating expenses					71,593
	Other income, net					644
	Provision for income taxes					1,940
	Consolidated net income					$	2,548
	2014
	Revenue, net	$	38,047	$	303,160	$	341,207
	Cost of goods sold	33,097		244,114		277,211
	Gross profit	$	4,950	$	59,046	$	63,996
	Operating expenses					57,929
	Other income, net					493
	Provision for income taxes					2,590
	Consolidated net income					$	3,970
	The direct segment includes revenues, direct costs, and cost allocations associated with sales of inventory we own. Costs for this segment include product costs, freight, warehousing and fulfillment costs, credit card fees and customer service costs.
	The partner segment includes revenues, direct costs and cost allocations associated with sales of inventory owned by our partners. Costs for this segment include product costs, outbound freight and fulfillment costs, credit card fees and customer service costs.
	Assets have not been allocated between the segments for our internal management purposes and, as such, they are not presented here.
	For the three months ended March 31, 2015 and 2014, substantially all of our sales revenues were attributable to customers in the United States. At March 31, 2015 and December 31, 2014, substantially all of our fixed assets were located in the United States.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS
	In April 2015, we purchased a noncontrolling interest in a privately held entity. The amount of the investment totaled $1 million. We will recognize the investment as a cost method investment. Earnings from the investment will be recognized to the extent of dividends received, and we will recognize subsequent impairments to the investment if they are other than temporary.
	In April 2015, the Compensation Committee of the Board of Directors approved grants of 234,250 restricted stock awards to our officers, board members and employees. The restricted stock awards vest over three years at 33.3% at the end of the first year, 33.3% at the end of the second year and 33.3% at the end of the third year and are subject to the employee’s continuing service to us. The grant date fair value of these awards was $24.74. As of April 20, 2015, there were 466,989 unvested restricted stock awards that remained outstanding.

ACCOUNTING_POLICIES_Policies

ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Principles of consolidation	Principles of consolidation
	The accompanying consolidated financial statements include our accounts and the accounts of our wholly-owned and majority-owned subsidiaries. All intercompany account balances and transactions have been eliminated in consolidation.
Use of estimates	Use of estimates
	The preparation of financial statements in conformity with generally accepted accounting principles requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent liabilities in the consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, investment valuation, receivables valuation, valuation of derivative financial instruments, revenue recognition, sales returns, incentive discount offers, inventory valuation, depreciable lives of fixed assets and internally-developed software, goodwill valuation, intangible valuation, income taxes, stock-based compensation, performance-based compensation, restructuring liabilities and contingencies. Actual results could differ materially from those estimates.
Cash equivalents	Cash equivalents
	We classify all highly liquid instruments, including money market funds with a remaining maturity of three months or less at the time of purchase, as cash equivalents. Cash equivalents were $60.1 million and $135.1 million at March 31, 2015 and December 31, 2014, respectively.
Restricted cash	Restricted cash
	We consider cash that is legally restricted and cash that is held as a compensating balance for letter of credit arrangements as restricted cash.
Fair value of financial instruments	Fair value of financial instruments
	We account for our assets and liabilities using a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our market assumptions. These two types of inputs have created the fair-value hierarchy below. This hierarchy requires us to minimize the use of unobservable inputs and to use observable market data, if available, when determining fair value.
	•	Level 1—Quoted prices for identical instruments in active markets;
	•	Level 2—Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets; and
	•	Level 3—Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.
	Under GAAP, certain assets and liabilities are required to be recorded at fair value on a recurring basis. Our assets and liabilities that are adjusted to fair value on a recurring basis are investments in money market mutual funds, trading securities, derivative instruments, and deferred compensation liabilities.
	The fair values of our investments in money market mutual funds, trading securities, and deferred compensation liabilities are determined using quoted market prices from daily exchange traded markets on the closing price as of the balance sheet date and are classified as Level 1. The fair values of our derivative instruments are determined using standard valuation models. The significant inputs used in these models are readily available in public markets, or can be derived from observable market transactions, and therefore have been classified as Level 2. Inputs used in these standard valuation models for derivative instruments include the applicable forward rates, interest rates and discount rates. Included in the fair value of derivative instruments is an adjustment for nonperformance risk. The adjustment for nonperformance risk did not have a significant impact on the estimated fair value of our derivative instruments. For additional disclosures related to our derivative instruments, see Derivative financial instruments below.
	The following tables summarize our assets and liabilities measured at fair value on a recurring basis using the following levels of inputs as of March 31, 2015 and December 31, 2014 as indicated (in thousands):
		Fair Value Measurements at March 31, 2015:
		Total				Level 1				Level 2				Level 3
	Assets:
	Cash equivalents - Money market mutual funds	$	60,094			$	60,094			$	—			$	—
	Trading securities held in a “rabbi trust” (1)	59				59				—				—
	Total assets	$	60,153			$	60,153			$	—			$	—
	Liabilities:
	Derivatives (2)	$	2,149			$	—			$	2,149			$	—
	Deferred compensation accrual “rabbi trust” (3)	63				63				—				—
	Total liabilities	$	2,212			$	63			$	2,149			$	—
		Fair Value Measurements at December 31, 2014:
		Total				Level 1				Level 2				Level 3
	Assets:
	Cash equivalents - Money market mutual funds	$	135,092			$	135,092			$	—			$	—
	Trading securities held in a “rabbi trust” (1)	90				90				—				—
	Total assets	$	135,182			$	135,182			$	—			$	—
	Liabilities:
	Derivatives (2)	$	1,008			$	—			$	1,008			$	—
	Deferred compensation accrual “rabbi trust” (3)	94				94				—				—
	Total liabilities	$	1,102			$	94			$	1,008			$	—
	___________________________________________
	-1	— Trading securities held in a rabbi trust are included in Other current and Other long-term assets in the consolidated balance sheets.
	-2	— Derivative financial instruments are included in Other long-term liabilities in the consolidated balance sheets.
	-3	— Non qualified deferred compensation in a rabbi trust is included in Accrued liabilities and Other long-term liabilities in the consolidated balance sheets.
	Our other financial instruments, including cash, restricted cash, accounts receivable, accounts payable and accrued liabilities are carried at cost, which approximates their fair value because of the short-term maturity of these instruments.
Restricted investments	estricted investments
	We have a Non-Qualified Deferred Compensation Plan (the “NQDC Plan”) for senior management. Deferred compensation amounts are invested in mutual funds held in a “rabbi trust” and are restricted for payment to the participants of the NQDC Plan. We account for our investments held in the trust in accordance with Accounting Standards Codification (“ASC”) No. 320 “Investments — Debt and Equity Securities”. The investments held in the trust are classified as trading securities. The fair value of the investments held in the trust totaled $59,000 at March 31, 2015 and are included in Other current and Other long-term assets in the consolidated balance sheets. Our gains and losses on these investments were immaterial for the three months ended March 31, 2015 and 2014.
Accounts receivable	Accounts receivable
	Accounts receivable consist primarily of trade amounts due from customers in the United States and from uncleared credit card transactions at period end. Accounts receivable are recorded at invoiced amounts and do not bear interest.
Allowance for doubtful accounts	Allowance for doubtful accounts
	From time to time, we grant credit to some of our business customers on normal credit terms (typically 30 days). We perform credit evaluations of our business customers’ financial condition and payment history and maintain an allowance for doubtful accounts receivable based upon our historical collection experience and expected collectability of accounts receivable. The allowance for doubtful accounts receivable was $572,000 and $511,000 at March 31, 2015 and December 31, 2014, respectively.
Concentration of credit risk	Concentration of credit risk
	Cash equivalents include short-term, highly liquid instruments with maturities at date of purchase of three months or less. At March 31, 2015 and December 31, 2014, two banks held the majority of our cash and cash equivalents. We do not believe that, as a result of this concentration, we are subject to any unusual financial risk beyond the normal risk associated with commercial banking relationships.
	Financial instruments that potentially subject us to significant concentrations of credit risk consist primarily of cash equivalents and receivables. We invest our cash primarily in money market securities which are uninsured.
Valuation of inventories	Valuation of inventories
	Inventories, consisting of merchandise purchased for resale, are accounted for using a standard costing system which approximates the first-in-first-out (“FIFO”) method of accounting, and are valued at the lower of cost or market. We write down our inventory for estimated obsolescence and to lower of cost or market value based upon assumptions about future demand and market conditions. If actual market conditions are less favorable than those projected by management, additional inventory write-downs may be required. Once established, the original cost of the inventory less the related inventory allowance represents the new cost basis of such products. Reversal of the allowance is recognized only when the related inventory has been sold or scrapped.
Prepaid inventories, net	Prepaid inventories, net
	Prepaid inventories, net represent inventories paid for in advance of receipt.
Prepaids and other assets	Prepaids and other current assets
	Prepaids and other current assets represent expenses paid prior to receipt of the related goods or services, including advertising, license fees, maintenance, packaging, insurance, and other miscellaneous costs.
Fixed assets	Fixed assets
	Fixed assets, which include assets such as technology infrastructure, internal-use software, website development, furniture and fixtures and leasehold improvements, are recorded at cost and depreciated using the straight-line method over the estimated useful lives of the related assets or the term of the related capital lease, whichever is shorter, as follows:
		Life
		(years)
	Computer software	4-Feb
	Computer hardware	4-Mar
	Furniture and equipment	5-Mar
	Leasehold improvements are amortized over the shorter of the term of the related leases or estimated useful lives.
	Depreciation and amortization expense is classified within the corresponding operating expense categories on the consolidated statements of income as follows (in thousands):
		Three months ended
		March 31,
		2015				2014
	Cost of goods sold - direct	$	65			$	87
	Technology	4,999				3,437
	General and administrative	312				271
	Total depreciation and amortization, including internal-use software and website development	$	5,376			$	3,795
Internal-use software and website development	Internal-use software and website development
	Included in fixed assets is the capitalized cost of internal-use software and website development, including software used to upgrade and enhance our Website and processes supporting our business. We capitalize costs incurred during the application development stage of internal-use software and amortize these costs over the estimated useful life of two to three years. Costs incurred related to design or maintenance of internal-use software are expensed as incurred.
	During the three months ended March 31, 2015 and 2014, we capitalized $4.0 million and $4.0 million, respectively, of costs associated with internal-use software and website development, both developed internally and acquired externally. Amortization of costs associated with internal-use software and website development was $3.2 million and $2.3 million for those respective periods.
Cost and equity method investments	Cost and equity method investments
	In January 2015, in conjunction with our crypto-initiatives, we acquired a noncontrolling interest (less than 20%) in a privately held entity. The amount of the investment was $5 million and was recognized as a cost method investment included in Other long-term assets in our consolidated balance sheets. Earnings from the investment are recognized to the extent of dividends received, and we will recognize subsequent impairments to the investment if they are other than temporary. We have determined that it is not practicable to estimate the fair value of this investment. Consequently, we review this investment for impairment by evaluating if events or circumstances have occurred that may have a significant adverse effect on its fair value. If such events or circumstances have occurred, we will then estimate the fair value of the investment and determine if any decline in the fair value of the investment below its carrying value is other-than-temporary. At March 31, 2015, the carrying amount of the investment was $5 million. We recognized zero impairment losses during the three months ended March 31, 2015 and 2014.
	During 2014, we acquired a 24.9% interest in a broker-dealer as part of our efforts to develop and license software to trade crypto-securities using crypto-technologies. The purchase price for the investment was $250,000 and is accounted for as an equity method investment included in Other long-term assets in our consolidated balance sheets. At March 31, 2015, the difference between the carrying value of this investment and the amount of underlying equity in net assets of the investee was not significant. Our proportionate share of the net income or loss of our equity method investee for three months ended March 31, 2015 and 2014 was not significant. When we record our proportionate share of net income, it increases income (or decreases loss) in our consolidated statements of income and our carrying value in that investment. Conversely, when we record our proportionate share of a net loss, it decreases income (or increases loss) in our consolidated statements of income and our carrying value in that investment. In conjunction with the agreement to purchase this investment we also formed an entity that is 75.1% owned by us and 24.9% owned by other parties. Although not significant, we intend to make additional contributions to this entity on behalf of these other parties. This entity is included in our consolidated financial statements. Intercompany transactions with the entity have been eliminated and the amounts of contributions and gains or losses that are attributable to noncontrolling interests are disclosed in our consolidated financial statements.
Leases	Leases
	We account for lease agreements as either operating or capital leases depending on certain defined criteria. In certain of our lease agreements, we receive rent holidays and other incentives. We recognize lease costs on a straight-line basis without regard to deferred payment terms, such as rent holidays, that defer the commencement date of required payments. Additionally, tenant improvement allowances are amortized as a reduction in rent expense over the term of the lease. Leasehold improvements are capitalized at cost and amortized over the lesser of their expected useful life or the life of the lease, without assuming renewal features, if any, are exercised.
Treasury stock	Treasury stock
	We account for treasury stock under the cost method and include treasury stock as a component of stockholders’ equity.
Precious Metals	Precious Metals
	Our precious metals consisted of $6.3 million in gold and $4.6 million in silver at March 31, 2015 and December 31, 2014. We store our precious metals at an off-site secure facility. Because these assets consist of actual precious metals, rather than financial instruments, we account for them as a cost method investment initially recorded at cost (including transaction fees) and then adjusted to the lower of cost or market based on an average unit cost. On an interim basis, we recognize decreases in the value of these assets caused by market declines. Subsequent increases in the value of these assets through market price recoveries during the same fiscal year are recognized in the later interim period, but may not exceed the total previously recognized decreases in value during the same year. Gains or losses resulting from changes in the value of our precious metal assets are recorded in Other income (expense), net in our consolidated statements of income. There were no recorded gains or losses on investments in precious metals for the three months ended March 31, 2015 and 2014
Goodwill	Goodwill
	Goodwill represents the excess of the purchase price paid over the fair value of the tangible net assets acquired in business combinations.
	Goodwill is not amortized but is tested for impairment at least annually. When evaluating whether goodwill is impaired, we make a qualitative assessment to determine if it is more likely than not that its fair value is less than its carrying amount. If the qualitative assessment determines that it is more likely than not that its fair value is less than its carrying amount, we compare the fair value of the reporting unit to which the goodwill is assigned to its carrying amount. If the carrying amount exceeds its fair value, then the amount of the impairment loss must be measured. The impairment loss, if any, is calculated by comparing the implied fair value of the goodwill to its carrying amount. In calculating the implied fair value of goodwill, the fair value of the reporting unit is allocated to the other assets and liabilities within the reporting unit based on estimated fair value. The excess of the fair value of a reporting unit over the amount allocated to its other assets and liabilities is the implied fair value of goodwill. An impairment loss is recognized when the carrying amount of goodwill exceeds its implied fair value.
	In accordance with this guidance, we test for impairment of goodwill in the fourth quarter or when we deem that a triggering event has occurred. There were no impairments to goodwill recorded during the three months ended March 31, 2015 or the year ended December 31, 2014.
Other long-term assets	Cryptocurrency holdings
	We hold cryptocurrency-denominated assets such as bitcoin and we include them in other current assets in our Consolidated Balance Sheets. Cryptocurrency-denominated assets were $233,000 and $340,000 at March 31, 2015 and December 31, 2014, respectively, and are recorded at the lower of cost or market based on an average unit cost. On an interim basis, we recognize decreases in the value of these assets caused by market declines. Subsequent increases in the value of these assets through market price recoveries during the same fiscal year are recognized in the later interim period, but may not exceed the total previously recognized decreases in value during the same year. Gains or losses resulting from changes in the value of our cryptocurrency assets are recorded in Other income (expense), net in our consolidated statements of income. Losses on cryptocurrency holdings were $117,000 and zero during the three months ended March 31, 2015 and 2014, respectively.
	Other long-term assets
	Other long-term assets consist primarily of cost and equity method investments (see Cost and equity method investments above) and long-term prepaid expenses.
Impairment of long-lived assets	Impairment of long-lived assets
	We review property and equipment and other long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset group may not be recoverable. Recoverability is measured by comparison of the assets’ carrying amount to future undiscounted net cash flows the asset group is expected to generate. Cash flow forecasts are based on trends of historical performance and management’s estimate of future performance, giving consideration to existing and anticipated competitive and economic conditions. If such asset group is considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds their fair values. There were no impairments to long-lived assets recorded during the three months ended March 31, 2015 or the year ended December 31, 2014.
Derivative financial instruments	Derivative financial instruments
	In 2014, we entered into a loan agreement in connection with the construction of our new corporate headquarters. We expect to borrow against the loan agreement in the second half of 2015. Because amounts borrowed on the loan will carry a variable LIBOR-based interest rate, we will be affected by changes in certain market conditions. These changes in market conditions may adversely impact our financial performance, and as such, we use derivatives as a risk management tool to mitigate the potential impact of these changes. We do not enter into derivatives for speculative or trading purposes. The primary market risk we manage through the use of derivative instruments is interest rate risk on the amounts we expect to borrow under the loan agreement relating to our new headquarters. To manage that risk, we use interest rate swap agreements. An interest rate swap agreement is a contract between two parties to exchange cash flows based on underlying notional amounts and indices. Our interest rate swaps entitle us to pay amounts based on a fixed rate in exchange for receipt of amounts based on variable rates. Because we have not yet borrowed against the loan agreement related to our cash flow hedges, the notional amounts under our hedges at March 31, 2015 were zero.
	Our derivatives are carried at fair value in our consolidated balance sheets in Other long-term liabilities on a gross basis. The accounting for gains and losses that result from changes in the fair values of derivative instruments depends on whether the derivatives have been designated and qualify as hedging instruments under GAAP. Our derivatives have been designated and qualify as cash flow hedges. We formally designated and documented, at inception, the financial instruments as hedges of specific underlying exposures, the risk management objectives, and the strategy for undertaking the hedging transactions. In addition, we formally assess, both at the inception and at least quarterly thereafter, whether the financial instruments used in hedging transactions are effective at offsetting changes in the cash flows of the related underlying exposures. To the extent that the hedges are effective, the changes in fair values of our cash flow hedges are recorded in Accumulated other comprehensive income. Any ineffective portion is immediately recognized into earnings.
	We determine the fair values of our derivatives based on quoted market prices or using standard valuation models (see Fair value of financial instruments above). The notional amounts of the derivative financial instruments do not necessarily represent amounts exchanged by the parties and, therefore, are not a direct measure of our exposure to the financial risks described above. The amounts exchanged are calculated by reference to the notional amounts and by other terms of the derivatives, such as interest rates.
	The following table shows the effect of derivative financial instruments that were designated as accounting hedges for the period indicated (in thousands):
	Cash flow hedges (1)		Amount of gain (loss) recognized in OCI on derivative (effective portion) net of tax				Location of gain (loss) reclassified from Accumulated OCI into income (effective portion)		Amount of gain (loss) reclassified from Accumulated OCI into income (effective portion)				Location of gain (loss) recognized in income on derivative (ineffective portion)		Amount of gain (loss) recognized in income on derivative (ineffective portion)
	Three months ended March 31, 2015
	Interest rate swap		$	(703	)		Interest expense		$	—			Interest expense		$	—
	The following table provides the outstanding notional balances and fair values of derivative financial instruments that were designated as accounting hedges outstanding positions for the dates indicated, and recorded gains/(losses) during the periods indicated (in thousands):
	Cash flow hedges (1)		Location in balance sheet		Expiration date		Outstanding notional				Fair value				Beginning gains (losses)			Gains (losses) recorded during period (2)			Ending gains (losses)
	Three months ended March 31, 2015
	Interest rate swap		Other long-term liabilities		2023		$	—			$	(2,149	)		$	(1,008	)	$	(1,141	)	$	(2,149	)
	___________________________________________
	-1	— There were no outstanding derivative instruments for the three months ended March 31, 2014.
	-2	— Gains (losses) recorded during the period are presented gross of the related tax impact.
Revenue recognition	Revenue recognition
	We derive our revenue primarily from direct revenue and partner revenue from merchandise sales. We also earn revenue from advertising on our shopping and other pages. We have organized our operations into two principal segments based on the primary source of revenue: direct revenue and partner revenue (see Note 7—Business Segments).
	Revenue is recognized when the following revenue recognition criteria are met: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or the service has been provided; (3) the selling price or fee revenue earned is fixed or determinable; and (4) collection of the resulting receivable is reasonably assured. Revenue related to merchandise sales is recognized upon delivery to our customers. As we ship high volumes of packages through multiple carriers, it is not practical for us to track the actual delivery date of each shipment. Therefore, we use estimates to determine which shipments are delivered and, therefore, recognized as revenue at the end of the period. Our delivery date estimates are based on average shipping transit times, which are calculated using the following factors: (i) the type of shipping carrier (as carriers have different in-transit times); (ii) the fulfillment source (either our warehouses, those warehouses we control, or those of our partners); (iii) the delivery destination; and (iv) actual transit time experience, which shows that delivery date is typically one to eight business days from the date of shipment. We review and update our estimates on a quarterly basis based on our actual transit time experience. However, actual shipping times may differ from our estimates.
	We evaluate the criteria outlined in ASC Topic 605-45, Principal Agent Considerations, in determining whether it is appropriate to record the gross amount of product sales and related costs or the net amount earned as commissions. When we are the primary obligor in a transaction, are subject to inventory risk, have latitude in establishing prices and selecting suppliers, or have several but not all of these indicators, revenue is recorded gross. If we are not the primary obligor in the transaction and amounts earned are determined using a fixed percentage, revenue is recorded on a net basis. Currently, the majority of both direct revenue and partner revenue is recorded on a gross basis, as we are the primary obligor. We present revenue net of sales taxes.
	We periodically provide incentive offers to our customers to encourage purchases. Such offers include current discount offers, such as percentage discounts off current purchases and other similar offers, which, when used by customers, are treated as a reduction of revenue.
	Based upon our historical experience, revenue typically increases during the fourth quarter because of the holiday retail season.
	Direct revenue
	Direct revenue is derived from merchandise sales of our owned inventory to individual consumers and businesses. Direct revenue comes from merchandise sales that occur primarily through our Website, but may also occur through offline and other channels.
	Partner revenue
	Partner revenue is derived from merchandise sales of inventory owned by our partners which they generally ship directly to our consumers and businesses. Partner revenue comes from merchandise sales that occur primarily through our Website, but may also occur through offline and other channels.
	Club O loyalty program
	We have a customer loyalty program called Club O for which we sell annual memberships ("standard Club O"). During 2014, we also introduced an introductory customer loyalty program called Club O Silver for customers who sign up to receive promotional emails. For standard Club O memberships, we record membership fees as deferred revenue and we recognize revenue ratably over the membership period. Both the standard Club O and Club O Silver loyalty programs allow members to earn reward dollars for qualifying purchases made on our Website. We also have a co-branded credit card program (see Co-branded credit card revenue below for more information). Co-branded cardholders are also standard Club O members and earn additional reward dollars for purchases made on our Website, and from other merchants.
	Club O Reward dollars earned may be redeemed on future purchases made through our Website. Standard Club O membership reward dollars expire 90 days after the customer’s Club O membership expires. Club O Silver reward dollars expire 90 days after they are earned if no additional qualifying purchases are made during that period.
	We account for these transactions as multiple element arrangements and allocate revenue to the elements using their relative fair values. We include the value of reward dollars earned in deferred revenue and we record it as a reduction of revenue at the time the reward dollars are earned.
	We recognize revenue for Club O reward dollars when customers redeem their reward dollars as part of a purchase at our Website. We recognize other income when Club O Reward dollars expire or the likelihood of reward dollars being redeemed by a customer is remote (“reward dollar breakage”). Reward dollar breakage is currently recognized when the reward dollars expire as Other income in our consolidated statements of income. Because we recently introduced Club O Silver, and enrolled a significant number of Club O Silver members, reward dollars and resulting breakage may increase as compared to prior periods.
	In instances where customers receive free Club O reward dollars not associated with any purchases, we account for these transactions as sales incentives such as coupons and record a reduction of revenue at the time the reward dollars are redeemed.
	Co-branded credit card program
	We have a co-branded credit card agreement with a commercial bank for the issuance of credit cards bearing the Overstock.com brand, under which the bank pays us fees for new accounts and for customer usage of the cards. The agreement also provides for a customer loyalty program offering reward points that customers will accrue from card usage and can use to make purchases on our Website (see Club O loyalty program above for more information). New account fees are recognized as revenue on a straight-line basis over the estimated expected life of co-branded credit card customers. Credit card usage fees are recognized as revenues as actual credit card usage occurs.
	We also have a private label credit card agreement with another commercial bank for the issuance of credit cards bearing our brand, but that is only available for use on our Website. In connection with the agreement, we received upfront fees that we recognize as revenue on a straight line basis over the term of the agreement, which runs through February 2022. When customers make regular revolving purchases using the card, we receive fees, which are recognized as revenue. When we offer promotional financing for purchases made with the card (for example, 12 months same as cash), we pay a discount fee to the commercial bank, which we recognize as a reduction of revenue. The commercial bank owns all of the accounts under the program and performs all account administration, underwriting and servicing. Fees and royalties from new accounts, credit card usage fees, and fees from both of these cards were less than 1% of total net revenues for all periods presented.
	Deferred revenue
	Customer orders are recorded as deferred revenue prior to delivery of products or services ordered. We record amounts received for Club O membership fees as deferred revenue and we recognize it ratably over the membership period. We record Club O reward dollars earned from purchases as deferred revenue at the time they are earned and we recognize it as revenue upon redemption. If reward dollars are not redeemed, we recognize other income upon expiration. In addition, we sell gift cards and record related deferred revenue at the time of the sale. We sell gift cards without expiration dates and we recognize revenue from a gift card upon redemption of the gift card. If a gift card is not redeemed, we recognize other income when the likelihood of its redemption becomes remote based on our historical redemption experience. We consider the likelihood of redemption to be remote after 36 months.
	We periodically enter into agreements with other parties to jointly market ancillary products or services on our website. As a result of those agreements, we sometimes receive payments in advance of performing our obligations under those agreements. Such payments received before we perform our obligations are recognized over our service period.
Sales returns allowance	Sales returns allowance
	We inspect returned items when they arrive at our processing facility. We refund the full cost of the merchandise returned and all original shipping charges if the returned item is defective or we or our partners have made an error, such as shipping the wrong product.
	If the return is not a result of a product defect or a fulfillment error and the customer initiates a return of an unopened item within 30 days of delivery, for most products we refund the full cost of the merchandise minus the original shipping charge and actual return shipping fees. However, we reduce refunds for returns initiated more than 30 days after delivery or that are received at our returns processing facility more than 45 days after initial delivery.
	If our customer returns an item that has been opened or shows signs of wear, we issue a partial refund minus the original shipping charge and actual return shipping fees.
	Revenue is recorded net of estimated returns. We record an allowance for returns based on current period revenues and historical returns experience. We analyze actual historical returns, current economic trends and changes in order volume and acceptance of our products when evaluating the adequacy of the sales returns allowance in any accounting period.
	The allowance for returns was $10.4 million and $15.5 million at March 31, 2015 and December 31, 2014 respectively. The decrease in allowance for returns at March 31, 2015 compared to December 31, 2014 is primarily due to decreased revenues mostly due to seasonality.
Credit card chargeback allowance	Credit card chargeback allowance
	Revenue is recorded net of credit card chargebacks. We maintain an allowance for credit card chargebacks based on current period revenues and historical chargeback experience. The allowance for chargebacks was $105,000 and $129,000 at March 31, 2015 and December 31, 2014, respectively.
Cost of goods sold	Cost of goods sold
	Cost of goods sold includes product costs, warehousing costs, outbound shipping costs, handling and fulfillment costs, customer service costs and credit card fees, and is recorded in the same period in which related revenues have been recorded. Cost of goods sold, including product cost and other costs and fulfillment and related costs are as follows (in thousands):
		Three months ended
		March 31,
		2015							2014
	Total revenue, net	$	398,344			100	%		$	341,207			100	%
	Cost of goods sold
	Product costs and other cost of goods sold	305,470				77	%		261,798				77	%
	Fulfillment and related costs	17,437				4	%		15,413				5	%
	Total cost of goods sold	322,907				81	%		277,211				81	%
	Gross profit	$	75,437			19	%		$	63,996			19	%
Advertising expense	Advertising expense
	We expense the costs of producing advertisements the first time the advertising takes place and expense the cost of communicating advertising in the period during which the advertising space or airtime is used. Internet advertising expenses are recognized as incurred based on the terms of the individual agreements, which are generally: 1) a commission for traffic driven to the Website that generates a sale or 2) a referral fee based on the number of clicks on keywords or links to our Website generated during a given period. Advertising expense is included in sales and marketing expenses and totaled $25.8 million and $20.4 million during the three months ended March 31, 2015 and 2014, respectively. Prepaid advertising (included in Prepaids and other current assets in the accompanying consolidated balance sheets) was $1.4 million and $1.5 million at March 31, 2015 and December 31, 2014, respectively.
Stock-based compensation	Stock-based compensation
	We measure compensation expense for all outstanding unvested share-based awards at fair value on the date of grant and recognize compensation expense over the service period for awards expected to vest at the greater of a straight line basis or on an accelerated schedule when vesting of restricted stock awards exceeds a straight line basis. The estimation of stock awards that will ultimately vest requires judgment, and to the extent actual results differ from estimates, such amounts are recorded as an adjustment in the period estimates are revised. We consider many factors when estimating expected forfeitures, including types of awards, and historical experience. Actual results may differ substantially from these estimates (see Note 6. Stock-Based Awards).
Loss contingencies	Loss contingencies
	In the normal course of business, we are involved in legal proceedings and other potential loss contingencies. We accrue a liability for such matters when it is probable that a loss has been incurred and the amount can be reasonably estimated. When only a range of probable loss can be estimated, the most probable amount in the range is accrued. If no amount within this range is a better estimate than any other amount within the range, the minimum amount in the range is accrued. We expense legal fees as incurred (see Note 4. Commitments and Contingencies).
Income taxes	Income taxes
	Our income tax provision for interim periods is determined using an estimate of our annual effective tax rate adjusted for discrete items, if any, for relevant interim periods. We update our estimate of the annual effective tax rate each quarter and make cumulative adjustments if our estimated annual effective tax rate changes.
	Our quarterly tax provision and our quarterly estimate of our annual effective tax rate are subject to significant variations due to several factors including variability in predicting our pre-tax and taxable income and the mix of jurisdictions to which those items relate, relative changes of expenses or losses for which tax benefits are not recognized, how we do business, and changes in law, regulations, and administrative practices. Our effective tax rate can be volatile based on the amount of pre-tax income. For example, the impact of discrete items on our effective tax rate is greater when pre-tax income is lower. The tax provision does not include a benefit for the federal research credit, which expired at the end of 2014. If retroactively reinstated, the credit will be a discrete tax benefit in the period enacted.
	We have not provided for U.S. income tax on certain foreign earnings because we intend to indefinitely reinvest these earnings outside the U.S. We have begun expansion of operations outside of the U.S. and have plans for additional expansion for which we have incurred and will continue to incur capital requirements. We have considered ongoing capital requirements of the parent company in the U.S.
	We have tax deductions from stock-based compensation that exceed the stock-based compensation recorded for such instruments. To the extent such excess tax benefits are ultimately realized, they will increase shareholders’ equity. We utilize the “with-and-without” approach in determining if and when such excess tax benefits are realized. Under this approach, excess tax benefits related to stock-based compensation are the last tax benefits to be realized.
Earnings per share	Earnings per share
	Basic earnings per share is computed by dividing net income attributable to common shares by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income attributable to common shares for the period by the weighted average number of common and potential common shares outstanding during the period. Potential common shares, comprising incremental common shares issuable upon the exercise of stock options and restricted stock awards are included in the calculation of diluted earnings per common share to the extent such shares are dilutive.
	The following table sets forth the computation of basic and diluted net income per common share for the periods indicated (in thousands, except per share data):
		Three months ended March 31,
		2015				2014
	Net income attributable to stockholders of Overstock.com, Inc.	$	2,739			$	3,970
	Net income per common share—basic:
	Net income attributable to common shares—basic	0.11				0.17
	Weighted average common shares outstanding—basic	24,213				23,926
	Effect of dilutive securities:
	Stock options and restricted stock awards	177				413
	Weighted average common shares outstanding—diluted	24,390				24,339
	Net income attributable to common shares—diluted	$	0.11			$	0.16
	The following shares were excluded from the calculation of diluted shares outstanding as their effect would have been anti-dilutive (in thousands):
		Three months ended March 31,
		2015			2014
	Stock options and restricted stock units	132			226

ACCOUNTING_POLICIES_Tables

ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Schedule of fair value of financial instruments using levels of inputs	The following tables summarize our assets and liabilities measured at fair value on a recurring basis using the following levels of inputs as of March 31, 2015 and December 31, 2014 as indicated (in thousands):
		Fair Value Measurements at March 31, 2015:
		Total				Level 1				Level 2				Level 3
	Assets:
	Cash equivalents - Money market mutual funds	$	60,094			$	60,094			$	—			$	—
	Trading securities held in a “rabbi trust” (1)	59				59				—				—
	Total assets	$	60,153			$	60,153			$	—			$	—
	Liabilities:
	Derivatives (2)	$	2,149			$	—			$	2,149			$	—
	Deferred compensation accrual “rabbi trust” (3)	63				63				—				—
	Total liabilities	$	2,212			$	63			$	2,149			$	—
		Fair Value Measurements at December 31, 2014:
		Total				Level 1				Level 2				Level 3
	Assets:
	Cash equivalents - Money market mutual funds	$	135,092			$	135,092			$	—			$	—
	Trading securities held in a “rabbi trust” (1)	90				90				—				—
	Total assets	$	135,182			$	135,182			$	—			$	—
	Liabilities:
	Derivatives (2)	$	1,008			$	—			$	1,008			$	—
	Deferred compensation accrual “rabbi trust” (3)	94				94				—				—
	Total liabilities	$	1,102			$	94			$	1,008			$	—
	___________________________________________
	-1	— Trading securities held in a rabbi trust are included in Other current and Other long-term assets in the consolidated balance sheets.
	-2	— Derivative financial instruments are included in Other long-term liabilities in the consolidated balance sheets.
	-3	— Non qualified deferred compensation in a rabbi trust is included in Accrued liabilities and Other long-term liabilities in the consolidated balance sheets.
Schedule of estimated useful lives of the fixed assets	Fixed assets, which include assets such as technology infrastructure, internal-use software, website development, furniture and fixtures and leasehold improvements, are recorded at cost and depreciated using the straight-line method over the estimated useful lives of the related assets or the term of the related capital lease, whichever is shorter, as follows:
		Life
		(years)
	Computer software	4-Feb
	Computer hardware	4-Mar
	Furniture and equipment	5-Mar
Schedule of depreciation and amortization expense which is classified within the corresponding operating expense categories on the consolidated statements of income	Depreciation and amortization expense is classified within the corresponding operating expense categories on the consolidated statements of income as follows (in thousands):
		Three months ended
		March 31,
		2015				2014
	Cost of goods sold - direct	$	65			$	87
	Technology	4,999				3,437
	General and administrative	312				271
	Total depreciation and amortization, including internal-use software and website development	$	5,376			$	3,795
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]	The following table shows the effect of derivative financial instruments that were designated as accounting hedges for the period indicated (in thousands):
	Cash flow hedges (1)		Amount of gain (loss) recognized in OCI on derivative (effective portion) net of tax				Location of gain (loss) reclassified from Accumulated OCI into income (effective portion)		Amount of gain (loss) reclassified from Accumulated OCI into income (effective portion)				Location of gain (loss) recognized in income on derivative (ineffective portion)		Amount of gain (loss) recognized in income on derivative (ineffective portion)
	Three months ended March 31, 2015
	Interest rate swap		$	(703	)		Interest expense		$	—			Interest expense		$	—
Schedule of Interest Rate Derivatives [Table Text Block]	The following table provides the outstanding notional balances and fair values of derivative financial instruments that were designated as accounting hedges outstanding positions for the dates indicated, and recorded gains/(losses) during the periods indicated (in thousands):
	Cash flow hedges (1)		Location in balance sheet		Expiration date		Outstanding notional				Fair value				Beginning gains (losses)			Gains (losses) recorded during period (2)			Ending gains (losses)
	Three months ended March 31, 2015
	Interest rate swap		Other long-term liabilities		2023		$	—			$	(2,149	)		$	(1,008	)	$	(1,141	)	$	(2,149	)
	___________________________________________
	-1	— There were no outstanding derivative instruments for the three months ended March 31, 2014.
	-2	— Gains (losses) recorded during the period are presented gross of the related tax impact.
Schedule of costs of goods sold, including product cost and other costs and fulfillment and related costs	Cost of goods sold, including product cost and other costs and fulfillment and related costs are as follows (in thousands):
		Three months ended
		March 31,
		2015							2014
	Total revenue, net	$	398,344			100	%		$	341,207			100	%
	Cost of goods sold
	Product costs and other cost of goods sold	305,470				77	%		261,798				77	%
	Fulfillment and related costs	17,437				4	%		15,413				5	%
	Total cost of goods sold	322,907				81	%		277,211				81	%
	Gross profit	$	75,437			19	%		$	63,996			19	%
Schedule of computation of basic and diluted net income per common share
		Three months ended March 31,
		2015				2014
	Net income attributable to stockholders of Overstock.com, Inc.	$	2,739			$	3,970
	Net income per common share—basic:
	Net income attributable to common shares—basic	0.11				0.17
	Weighted average common shares outstanding—basic	24,213				23,926
	Effect of dilutive securities:
	Stock options and restricted stock awards	177				413
	Weighted average common shares outstanding—diluted	24,390				24,339
	Net income attributable to common shares—diluted	$	0.11			$	0.16
Schedule of anti-dilutive securities excluded from the calculation of diluted shares outstanding
		Three months ended March 31,
		2015			2014
	Stock options and restricted stock units	132			226
	Recently issued accounting standards
	In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard becomes effective for us on January 1, 2017. Early adoption is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. Recent tentative decisions by the FASB may delay the effective date of this ASU and some of its other provisions. We are evaluating the effect that ASU 2014-09 will have on our consolidated financial statements and related disclosures. We have not yet selected a transition method nor have we determined the effect of the standard on our ongoing financial reporting.
	In April 2015, the FASB issued ASU No. 2015-03, Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs, which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The new standard becomes effective for us on January 1, 2016. Early adoption is permitted. The standard requires entities to apply this change on a retrospective basis for the periods presented. We are evaluating the effect that ASU 2015-03 will have in our consolidated financial statements and related disclosures.
	In April 2015, the FASB issued ASU No. 2015-05, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement, provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The new standard becomes effective for us on January 1, 2016. Early adoption is permitted. The standard permits the use of either the retrospective or cumulative effect transition method. We are evaluating the effect that ASU 2015-05 will have in our consolidated financial statements and related disclosures.

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Summary of minimum future payments under all operating leases	Minimum future payments under all operating leases as of March 31, 2015, are as follows (in thousands):
	Payments due by period
	2015 (remainder)	$	8,571
	2016	9,342
	2017	4,963
	2018	4,585
	2019	3,916
	Thereafter	28,521
		$	59,898
Schedule of future minimum payments for naming rights agreement	Minimum future payments under the naming rights agreement as of March 31, 2015, are as follows (in thousands):
	Payments due by period:
	2015 (remainder)	$	1,351
	2016	1,391
	Thereafter	—
		$	2,742
Schedule of future mInimum payments for technology services agreement	From time to time we enter into non-cancellable, long-term contractual agreements for technology services. Minimum future payments under these agreements as of March 31, 2015, are as follows (in thousands):
	Payments due by period:
	2015 (remainder)	$	2,292
	2016	2,118
	Thereafter	—
		$	4,410

STOCKBASED_AWARDS_Tables

STOCK-BASED AWARDS (Tables)	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of restricted stock award activity	The following table summarizes restricted stock award activity during the three months ended March 31, 2015 (in thousands):
		Three months ended
		March 31, 2015
		Units		Weighted
				Average
				Grant Date
				Fair Value
	Outstanding—beginning of year	578		$	16.7
	Granted at fair value	1		22.8
	Vested	(331	)	12.52
	Forfeited	(15	)	23.7
	Outstanding—end of period	233		$	22.18

BUSINESS_SEGMENTS_Tables

BUSINESS SEGMENTS (Tables)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Summary of information about reportable segments	The table below summarizes information about reportable segments for the three months ended March 31, 2015 and 2014 (in thousands):
		Three months ended
		March 31,
		Direct		Partner		Total
	2015
	Revenue, net	$	36,135	$	362,209	$	398,344
	Cost of goods sold	32,527		290,380		322,907
	Gross profit	$	3,608	$	71,829	$	75,437
	Operating expenses					71,593
	Other income, net					644
	Provision for income taxes					1,940
	Consolidated net income					$	2,548
	2014
	Revenue, net	$	38,047	$	303,160	$	341,207
	Cost of goods sold	33,097		244,114		277,211
	Gross profit	$	4,950	$	59,046	$	63,996
	Operating expenses					57,929
	Other income, net					493
	Provision for income taxes					2,590
	Consolidated net income					$	3,970

ACCOUNTING_POLICIES_Details

ACCOUNTING POLICIES (Details) (USD $)	Mar. 31, 2015		Dec. 31, 2014
Cash equivalents
Cash equivalents	$60,100,000		$135,100,000
Assets:
Cash equivalents - Money market mutual funds	60,094,000		135,092,000
Trading securities held in a "rabbi trust"	59,000	[1]	90,000	[1]
Total assets	60,153,000		135,182,000
Liabilities:
Derivatives	2,149,000	[2]	1,008,000	[2]
Deferred compensation accrual "rabbi trust"	63,000	[3]	94,000	[3]
Total liabilities	2,212,000		1,102,000
Level 1
Assets:
Cash equivalents - Money market mutual funds	60,094,000		135,092,000
Trading securities held in a "rabbi trust"	59,000	[1]	90,000	[1]
Total assets	60,153,000		135,182,000
Liabilities:
Derivatives	0	[2]	0	[2]
Deferred compensation accrual "rabbi trust"	63,000	[3]	94,000	[3]
Total liabilities	63,000		94,000
Level 2
Assets:
Cash equivalents - Money market mutual funds	0		0
Trading securities held in a "rabbi trust"	0	[1]	0
Total assets	0		0
Liabilities:
Derivatives	2,149,000	[2]	1,008,000	[2]
Deferred compensation accrual "rabbi trust"	0	[3]	0	[3]
Total liabilities	2,149,000		1,008,000
Level 3
Assets:
Cash equivalents - Money market mutual funds	0		0
Trading securities held in a "rabbi trust"	0	[1]	0	[1]
Total assets	0		0
Liabilities:
Derivatives	0	[2]	0	[2]
Deferred compensation accrual "rabbi trust"	0	[3]	0	[3]
Total liabilities	$0		$0
[1]	Trading securities held in a rabbi trust are included in Other current and Other long-term assets in the consolidated balance sheets.
[2]	Derivative financial instruments are included in Other long-term liabilities in the consolidated balance sheets.
[3]	Non qualified deferred compensation in a rabbi trust is included in Accrued liabilities and Other long-term liabilities in the consolidated balance sheets.

ACCOUNTING_POLICIES_Details_2

ACCOUNTING POLICIES (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
	bank	bank
Allowance for doubtful accounts
Normal credit term granted to customers	30 days
Allowance for doubtful accounts receivable	$572	$511
Concentration of credit risk
Number of banks who hold majority of cash and cash equivalents	2	2

ACCOUNTING_POLICIES_Details_3

ACCOUNTING POLICIES (Details 3) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Depreciation and amortization
Total depreciation and amortization, including internal-use software and website development	$5,376,000	$3,795,000	$19,645,000		$14,454,000
Additional Disclosure
Cost Method Investments, Original Cost	5,000,000		5,000,000
Cost-method Investments	5,000,000		5,000,000
Cost-method Investments, Other than Temporary Impairment	0	0
Precious Metals [Abstract]
Precious metals	10,905,000		10,905,000	10,905,000
Unrealized loss on investment in precious metals	0	0	-1,269,000		-1,457,000
Goodwill
Impairments of goodwill	0			0
Impairments of long-lived assets	0			0
Registered Broker Dealer
Additional Disclosure
Equity Method Investment, Ownership Percentage				24.90%
Equity Method Investment, Aggregate Cost	250,000		250,000
Noncontrolling Interest, Ownership Percentage by Parent	75.10%		75.10%
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	24.90%		24.90%
Gold
Precious Metals [Abstract]
Precious metals	6,300,000		6,300,000	6,300,000
Silver
Precious Metals [Abstract]
Precious metals	4,600,000		4,600,000	4,600,000
Cryptocurrency, Bitcoin
Goodwill
Other current assets	233,000		233,000	340,000
Gain (Loss) on Cryptocurrency Holdings	-117,000	0
Cost of goods sold — direct
Depreciation and amortization
Total depreciation and amortization, including internal-use software and website development	65,000	87,000
Technology
Depreciation and amortization
Total depreciation and amortization, including internal-use software and website development	4,999,000	3,437,000
General and administrative
Depreciation and amortization
Total depreciation and amortization, including internal-use software and website development	312,000	271,000
Computer software | Minimum
Fixed assets
Life	2 years
Computer software | Maximum
Fixed assets
Life	4 years
Computer hardware | Minimum
Fixed assets
Life	3 years
Computer hardware | Maximum
Fixed assets
Life	4 years
Furniture and equipment | Minimum
Fixed assets
Life	3 years
Furniture and equipment | Maximum
Fixed assets
Life	5 years
Internal-use software and website development
Additional Disclosure
Capitalized costs	4,000,000	4,000,000
Amortization of capitalized costs	$3,200,000	$2,300,000
Internal-use software and website development | Minimum
Fixed assets
Life	2 years
Internal-use software and website development | Maximum
Fixed assets
Life	3 years

ACCOUNTING_POLICIES_Derivative

ACCOUNTING POLICIES (Derivatives) (Details) (Interest rate swap, Designated as Hedging Instrument, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in OCI on derivative (effective portion) net of tax	($703)
Amount of gain (loss) reclassified from Accumulated OCI into income (effective portion)	0
Amount of gain (loss) recognized in income on derivative (ineffective portion)	0
Other long-term liabilities
Derivative Instruments, Gain (Loss) [Line Items]
Outstanding notional	0
Fair value	-2,149
Beginning gains (losses)	-1,008
Gains (losses) recorded during period	-1,141
Ending gains (losses)	($2,149)

ACCOUNTING_POLICIES_Details_4

ACCOUNTING POLICIES (Details 4) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
	segment
Revenue recognition
Number of principal segments	2
Product delivery period from date of shipment, minimum	1 day
Product delivery period from date of shipment, maximum	8 days
Club O loyalty program
Expiration period of Club O reward dollars after expiration of the customer's membership	90 days
Co-branded credit card program
Maximum revenue from co-branded credit card program as a percentage of total net revenues	1.00%	1.00%
Deferred revenue
Likelihood of gift card redemption to be remote, period	36 months
Sales returns allowance
Sales return period for which full refund will be granted	30 days
Sales return period for which reduced refund will be granted	30 days
Sales return received at returns processing facility for which reduced refund will be granted, period	45 days
Allowance for sales returns	$10,400,000		$15,500,000
Credit card chargeback allowance
Credit card chargeback allowance	105,000		129,000
Cost of goods sold
Total revenue, net	398,344,000	341,207,000
Total revenue, net (as a percent)	100.00%	100.00%
Cost of goods sold
Product costs and other cost of goods sold	305,470,000	261,798,000
Fulfillment and related costs	17,437,000	15,413,000
Total cost of goods sold	322,907,000	277,211,000
Product costs and other cost of goods sold (as a percent)	77.00%	77.00%
Fulfillment and related costs (as a percent)	4.00%	5.00%
Total cost of goods sold (as a percent)	81.00%	81.00%
Gross profit	75,437,000	63,996,000
Gross profit (as a percent)	19.00%	19.00%
Advertising expense
Advertising expense	25,800,000	20,400,000
Prepaid advertising expense	$1,400,000		$1,500,000

ACCOUNTING_POLICIES_Details_5

ACCOUNTING POLICIES (Details 5) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Earnings per share
Net income attributable to common shares	$2,739	$3,970
Net income per common share—basic:
Net income attributable to common shares-basic (in dollars per share)	$0.11	$0.17
Weighted average common shares outstanding-basic	24,213	23,926
Effect of dilutive securities:
Stock options and restricted stock awards (in shares)	177	413
Weighted average common shares outstanding-diluted	24,390	24,339
Net income attributable to common shares-diluted (in dollars per share)	$0.11	$0.16
Stock options and restricted stock awards
Anti-dilutive securities excluded from computation of earnings per share
Anti-dilutive securities excluded from computation of earnings per share (in shares)	132	226

BORROWINGS_Details

BORROWINGS (Details) (USD $)	3 Months Ended		12 Months Ended			0 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Oct. 24, 2014
Debt Instrument [Line Items]
Letters of credit, outstanding amount	$505,000		$505,000		$580,000
Computer equipment acquired under capital lease obligations	362,000	0	687,000	0
Payment of capital lease obligation	362,000	0	687,000	0
Future payment obligations under capital leases	0		0
Depreciation and amortization	5,376,000	3,795,000	19,645,000	14,454,000
Equipment under capital leases
Debt Instrument [Line Items]
Computer equipment acquired under capital lease obligations	362,000				325,000
Payment of capital lease obligation	362,000				325,000
Fixed assets	4,900,000		4,900,000		4,700,000
Accumulated depreciation	3,000,000		3,000,000		2,800,000
Depreciation and amortization	195,000	160,000
Commercial purchasing card
Debt Instrument [Line Items]
Outstanding balance	1,500,000		1,500,000		803,000
Unused borrowing capacity	3,500,000		3,500,000		4,200,000
Loan Agreement
Debt Instrument [Line Items]
Debt instrument, face amount						55,800,000
Period to satisfy conditions to loan agreement						60 days
Equity contributions to construction project						37,400,000
Loan to value ratio						80.00%
Long-term Debt	0		0
Fixed charge coverage ratio, term	12 months
Fixed charge coverage ratio	1.15
Cash flow leverage ratio, term	12 months
Minimum liquidity	50,000,000
Debt instrument, increase to borrowing capacity	20,000,000		20,000,000
Loan Agreement | During construction phase
Debt Instrument [Line Items]
Cash flow leverage ratio	3
Loan Agreement | Following construction phase
Debt Instrument [Line Items]
Cash flow leverage ratio	2.5
Loan Agreement | Default rate
Debt Instrument [Line Items]
Interest rate margin on variable rate basis (as a percent)	2.00%
Loan Agreement | Revolving credit facility
Debt Instrument [Line Items]
Debt instrument, face amount						10,000,000
Revolving credit facility, term						3 years
Loan Agreement | Revolving credit facility | LIBOR
Debt Instrument [Line Items]
Interest rate margin on variable rate basis (as a percent)						2.00%
Loan Agreement | Revolving credit facility | Alternate Base Rate
Debt Instrument [Line Items]
Interest rate margin on variable rate basis (as a percent)						1.00%
Loan Agreement | Senior secured real estate loan
Debt Instrument [Line Items]
Debt instrument, face amount						45,800,000
Loan Agreement | Term loan
Debt Instrument [Line Items]
Revolving credit facility, term	6 years 9 months
Loan Agreement | Real estate loan and term loan
Debt Instrument [Line Items]
Fixed rate following interest rate swap						4.60%
Annual principal payment	1,100,000		1,100,000
Periodic payment terms, balloon payment	$38,000,000		$38,000,000
Loan Agreement | Real estate loan and term loan | LIBOR
Debt Instrument [Line Items]
Interest rate margin on variable rate basis (as a percent)						2.00%
Loan Agreement | Real estate loan and term loan | Alternate Base Rate
Debt Instrument [Line Items]
Interest rate margin on variable rate basis (as a percent)						1.00%

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Future minimum lease payments for all operating leases
2015 (remainder)	$8,571,000
2016	9,342,000
2017	4,963,000
2018	4,585,000
2019	3,916,000
Thereafter	28,521,000
Total	59,898,000
Operating leases
Rental expense for operating leases	$3,100,000	$2,900,000

COMMITMENTS_AND_CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Term of naming rights agreement	6 years
Naming Rights Future Minimum Payments Due [Abstract]
2015 (remainder)	$1,351
2016	1,391
Thereafter	0
Total	2,742
Technology Services Minimum Payments Due [Abstract]
2015 (remainder)	2,292
2016	2,118
Thereafter	0
Total	$4,410

COMMITMENTS_AND_CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES (Details 3) (USD $)	Mar. 31, 2015	Dec. 15, 2010	Feb. 02, 2007
			plaintiff
Gain contingency, legal proceedings
Reimbursement of allowable court costs payable	$689,471
Violations of California securities laws, common laws and unfair business practices act
Gain contingency, legal proceedings
Number of shareholder plaintiffs			5
Percentage of control in prime brokerage market by defendants			80.00%
Settlement agreement consideration		$4,500,000

COMMITMENTS_AND_CONTINGENCIES_4

COMMITMENTS AND CONTINGENCIES (Details 4) (USD $)

0 Months Ended

31 Months Ended

61 Months Ended

91 Months Ended

0 Months Ended

1 Months Ended

Nov. 11, 2009

Sep. 23, 2009

Sep. 29, 2010

Feb. 19, 2014

Sep. 30, 2008

Sep. 30, 2013

Sep. 30, 2013

Nov. 17, 2010

Jan. 16, 2015

Sep. 11, 2011

Jun. 30, 2013

Mar. 31, 2015

Mar. 31, 2014

defendent

transaction

defendent

defendent

employee

Loss contingency, legal proceedings

Accrued liabilities for contingencies

$12,700,000

SpeedTrack, Inc.

Loss contingency, legal proceedings

Number of other defendants

27

Period extended for defendants' complaint answer

21 days

Trustee in bankruptcy of Petters Company, Inc.

Loss contingency, legal proceedings

Minimum number of note transactions

1

Alleged transfer of property, minimum amount transferred

2,300,000

Alleged transfer of property, minimum amount received in return

2,500,000

District attorneys

Loss contingency, legal proceedings

Civil penalties (in dollars per day)

3,500

2,000

Civil penalties

6,800,000

Reimbursement of plaintiff legal costs

111,500

Bond, Percentage Secured Against Civil Penalties

150.00%

District attorneys | Minimum

Loss contingency, legal proceedings

Damages sought, amount

15,000,000

Droplets, Inc.

Loss contingency, legal proceedings

Number of other defendants

8

Damages

4,000,000

Royalties sought per month

$305,000

Altaf Nazerali

Loss contingency, legal proceedings

Number of other employees named in lawsuit

2

William French

Loss contingency, legal proceedings

Number of other defendants

46

STOCKBASED_AWARDS_Details

STOCK-BASED AWARDS (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Stock-Based Awards
Total stock-based compensation expense (in dollars)	$778	$923
Units
Outstanding-end of period (in shares)	232,739
Restricted stock awards
Stock-Based Awards
Vesting period	3 years
Total stock-based compensation expense (in dollars)	$778	$923
Units
Outstanding-beginning of year (in shares)	578,000
Granted at fair value (in shares)	1,000
Vested (in shares)	-331,000
Forfeited (in shares)	-15,000
Outstanding-end of period (in shares)	233,000
Weighted Average Grant Date Fair Value
Outstanding-beginning of year (in dollars per share)	$16.70
Granted at fair value (in dollars per share)	$22.80
Vested (in dollars per share)	$12.52
Forfeited (in dollars per share)	$23.70
Outstanding-end of period (in dollars per share)	$22.18
Restricted stock awards | Officers, Board Members, and Employees [Member]
Units
Granted at fair value (in shares)	650	231,560
Restricted stock awards | First year
Stock-Based Awards
Annual award vesting percentage	33.30%
Restricted stock awards | Second year
Stock-Based Awards
Annual award vesting percentage	33.30%
Restricted stock awards | Third year
Stock-Based Awards
Annual award vesting percentage	33.30%

BUSINESS_SEGMENTS_Details

BUSINESS SEGMENTS (Details) (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Segment reporting information
Revenue, net	$398,344	$341,207
Cost of goods sold	322,907	277,211
Gross profit	75,437	63,996
Operating expenses	-71,593	-57,929
Other income (expense), net	644	493
Provision for income taxes	1,940	2,590
Consolidated net income	2,548	3,970	7,379	80,651
Intersegment
Segment reporting information
Revenue, net	0	0
Direct
Segment reporting information
Revenue, net	36,135	38,047
Cost of goods sold	32,527	33,097
Gross profit	3,608	4,950
Partner
Segment reporting information
Revenue, net	362,209	303,160
Cost of goods sold	290,380	244,114
Gross profit	$71,829	$59,046

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (USD $)	3 Months Ended	1 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2015	Apr. 28, 2015	Dec. 31, 2014	Apr. 20, 2015
Subsequent Event [Line Items]
Cost Method Investments, Original Cost	$5
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	232,739
Restricted stock awards
Subsequent Event [Line Items]
Granted at fair value (in shares)	1,000
Vesting period	3 years
Granted at fair value (in dollars per share)	$22.80
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	233,000		578,000
Restricted stock awards | First year
Subsequent Event [Line Items]
Annual award vesting percentage	33.30%
Restricted stock awards | Second year
Subsequent Event [Line Items]
Annual award vesting percentage	33.30%
Restricted stock awards | Third year
Subsequent Event [Line Items]
Annual award vesting percentage	33.30%
Subsequent Event
Subsequent Event [Line Items]
Cost Method Investments, Original Cost		$1
Granted at fair value (in shares)		234,250
Granted at fair value (in dollars per share)		$24.74
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number				466,989
Subsequent Event | Restricted stock awards
Subsequent Event [Line Items]
Vesting period		3 years
Subsequent Event | Restricted stock awards | First year
Subsequent Event [Line Items]
Annual award vesting percentage		33.30%
Subsequent Event | Restricted stock awards | Second year
Subsequent Event [Line Items]
Annual award vesting percentage		33.30%
Subsequent Event | Restricted stock awards | Third year
Subsequent Event [Line Items]
Annual award vesting percentage		33.30%