Beyond (BYON) 10-Q 3 May 22 2022 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2022	Apr. 29, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	000-49799
Entity Registrant Name	OVERSTOCK.COM, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	87-0634302
Entity Address, Address Line One	799 West Coliseum Way
Entity Address, City or Town	Midvale
Entity Address, State or Province	UT
Entity Address, Postal Zip Code	84047
City Area Code	801
Local Phone Number	947-3100
Title of 12(b) Security	Common Stock, $0.0001 par value
Trading Symbol	OSTK
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		42,720,199
Entity Central Index Key	0001130713
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 493,261	$ 503,341
Restricted cash	217	25
Accounts receivable, net of allowance for credit losses of $2,772 and $2,429	23,749	21,190
Inventories	5,419	5,137
Prepaids and other current assets	21,159	22,097
Total current assets	543,805	551,790
Property and equipment, net	108,454	109,479
Deferred tax assets, net	39,076	40,035
Goodwill	6,160	6,160
Equity securities, including securities measured at fair value of $115,306 and $102,529	352,833	342,682
Operating lease right-of-use assets	11,265	12,584
Other long-term assets, net	2,852	3,236
Total assets	1,064,445	1,065,966
Current liabilities:
Accounts payable	106,380	102,293
Accrued liabilities	107,909	101,902
Unearned revenue	61,421	59,387
Operating lease liabilities, current	5,478	5,402
Other Liabilities, Current	3,388	3,349
Total current liabilities	284,576	272,333
Long-term debt, net	37,117	37,984
Operating lease liabilities, non-current	6,555	7,960
Other long-term liabilities	3,587	3,303
Total liabilities	331,835	321,580
Stockholders' equity:
Common stock, $0.0001 par value, authorized shares - 100,000	4	4
Additional paid-in capital	967,073	960,544
Accumulated deficit	(126,467)	(136,590)
Accumulated other comprehensive loss	(533)	(537)
Treasury stock at cost - 4,196 and 3,602	(107,467)	(79,035)
Total stockholders' equity	732,610	744,386
Total liabilities and stockholders' equity	1,064,445	1,065,966
Series A-1 Preferred Stock
Stockholders' equity:
Preferred stock, $0.0001 par value, authorized shares - 5,000	0	0
Series B Preferred Stock
Stockholders' equity:
Preferred stock, $0.0001 par value, authorized shares - 5,000	$ 0	$ 0

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Allowance for credit loss	$ 2,772	$ 2,429
Equity securities at fair value	$ 115,306	$ 102,529
Preferred Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	5,000,000	5,000,000
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	46,910,000	46,625,000
Common stock, shares outstanding	42,720,000	43,023,000
Treasury stock, shares	4,196,000	3,602,000
Series A-1 Preferred Stock
Preferred stock, shares issued	4,204,000	4,204,000
Preferred stock, shares outstanding	4,198,000	4,204,000
Series B Preferred Stock
Preferred stock, shares issued	357,000	357,000
Preferred stock, shares outstanding	357,000	357,000

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Net revenue	$ 536,037	$ 659,861
Cost of goods sold	410,825	506,337
Gross profit	125,212	153,524
Operating expenses
Sales and marketing	58,513	73,538
Technology	32,989	30,523
General and administrative	21,256	22,871
Total operating expenses	112,758	126,932
Operating income	12,454	26,592
Interest expense, net	(125)	(155)
Other expense, net	(114)	(226)
Income from continuing operations before income taxes	12,215	26,211
Provision for income taxes	2,092	193
Income from continuing operations	10,123	26,018
Loss from discontinued operations, net of income taxes	0	(10,126)
Consolidated net income	10,123	15,892
Less: Net loss attributable to noncontrolling interests from discontinued operations	0	(201)
Net income attributable to stockholders of Overstock.com, Inc.	$ 10,123	$ 16,093
Consolidated net income per share of common stock:
Net income (loss) attributable to common shares—basic	$ 0.21	$ 0.34
Income (Loss) from Continuing Operations, Per Basic Share	0.21	0.57
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share	0	(0.23)
Net income (loss) attributable to common shares—diluted	0.21	0.33
Income (Loss) from Continuing Operations, Per Diluted Share	0.21	0.56
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share	$ 0	$ (0.23)
Weighted average shares of common stock outstanding:
Basic	43,052	42,885
Diluted	43,282	43,320

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Consolidated net income	$ 10,123	$ 15,892
Other comprehensive income
Unrealized gain on cash flow hedges, net of expense for taxes of $0 and $0	4	4
Other comprehensive income	4	4
Comprehensive income	10,127	15,896
Less: Comprehensive loss attributable to noncontrolling interests—discontinued operations	0	(201)
Comprehensive income attributable to stockholders of Overstock.com, Inc.	$ 10,127	$ 16,097

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Loss (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Unrealized gain on cash flow hedges, tax expense	$ 0	$ 0

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common stock	Treasury stock	Preferred stock	Additional paid-in capital	Accumulated deficit	Accumulated other comprehensive loss	Parent	Noncontrolling interest	Series A-1 Preferred Stock	Series A-1 Preferred StockPreferred stock	Series B Preferred Stock	Series B Preferred StockPreferred stock
Increase (Decrease) in Stockholders' Equity
Treasury Stock, Preferred, Value											0
Common stock, beginning balance (in shares) at Dec. 31, 2020		46,331	3,563
Beginning balance at Dec. 31, 2020			$ (71,399)		$ 970,873	$ (525,233)	$ (553)		$ 62,634
Increase (Decrease) in Stockholders' Equity
APIC, Share-based Payment Arrangement, Increase for Cost Recognition					2,771
APIC, Share-based Payment Arrangement, ESPP, Increase for Cost Recognition					0
Change in noncontrolling interest ownership					(22,625)				22,625
Proceeds from Sale of Treasury Stock					2,726
Adjustments To Additional Paid In Capital, Subsidiary Equity Award Tender Offer					(2,130)
Net income attributable to stockholders of Overstock.com, Inc.	$ 16,093					16,093
Net other comprehensive income	4						4
Tax withholding upon vesting of restricted stock			(7,292)
Stock Issued During Period, Value, Treasury Stock Reissued			$ 643
Net loss attributable to noncontrolling interests									(201)
Common stock issued upon vesting of restricted stock		258
Stock Issued During Period, Shares, Employee Stock Purchase Plans		0
Tax withholding upon vesting of restricted stock			73
Treasury Stock, Value, Acquired, Cost Method			$ 0
Stock Issued During Period, Shares, Treasury Stock Reissued			(47)
Treasury Stock, Shares, Acquired			0								0
Preferred stock, ending balance (in shares) at Mar. 31, 2021											4,204		357
Common stock, ending balance (in shares) at Mar. 31, 2021		46,589	3,589
Ending balance at Mar. 31, 2021	448,940		$ (78,048)		951,615	(509,140)	(549)	$ 363,882	85,058
Increase (Decrease) in Stockholders' Equity
Common stock, $0.0001 par value, authorized shares - 100,000		$ 4
Total shares of common stock outstanding		43,000
Preferred Stock, Value, Issued				$ 0
Treasury Stock, Preferred, Value											0
Preferred stock, shares issued											4,204
Common stock, $0.0001 par value, authorized shares - 100,000	$ 4
Total shares of common stock outstanding	43,023
Preferred Stock, Value, Issued										$ 0		$ 0
Treasury Stock, Preferred, Value											0
Preferred stock, shares issued										4,204		357
Common stock, beginning balance (in shares) at Dec. 31, 2021		46,625	3,602
Beginning balance at Dec. 31, 2021	$ 744,386		$ (79,035)		960,544	(136,590)	(537)		0
Preferred stock, beginning balance (in shares) at Dec. 31, 2021										4,204		357
Increase (Decrease) in Stockholders' Equity
APIC, Share-based Payment Arrangement, Increase for Cost Recognition					4,639
APIC, Share-based Payment Arrangement, ESPP, Increase for Cost Recognition					1,890
Change in noncontrolling interest ownership					0				0
Proceeds from Sale of Treasury Stock					0
Adjustments To Additional Paid In Capital, Subsidiary Equity Award Tender Offer					0
Net income attributable to stockholders of Overstock.com, Inc.	10,123					10,123
Net other comprehensive income	4						4
Tax withholding upon vesting of restricted stock			(3,267)
Stock Issued During Period, Value, Treasury Stock Reissued			$ 0
Net loss attributable to noncontrolling interests									0
Common stock issued upon vesting of restricted stock		243
Stock Issued During Period, Shares, Employee Stock Purchase Plans		42
Tax withholding upon vesting of restricted stock			71
Treasury Stock, Value, Acquired, Cost Method			$ (25,165)
Stock Issued During Period, Shares, Treasury Stock Reissued			0
Treasury Stock, Shares, Acquired			517								6
Preferred stock, ending balance (in shares) at Mar. 31, 2022										4,198	4,198	357	357
Common stock, ending balance (in shares) at Mar. 31, 2022		46,910	4,190
Ending balance at Mar. 31, 2022	732,610		$ (107,467)		$ 967,073	$ (126,467)	$ (533)	$ 732,610	$ 0
Increase (Decrease) in Stockholders' Equity
Common stock, $0.0001 par value, authorized shares - 100,000	$ 4	$ 4
Total shares of common stock outstanding	42,720	42,720
Preferred Stock, Value, Issued				$ 0						$ 0		$ 0
Treasury Stock, Preferred, Value											6
Preferred stock, shares issued										4,204	4,204	357

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Consolidated net income	$ 10,123	$ 15,892
Loss from discontinued operations, net of income taxes	0	(10,126)
Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Depreciation and amortization	4,307	5,146
Non-cash operating lease cost	1,319	1,320
Stock-based compensation to employees and directors	4,639	2,305
Decrease in deferred income taxes, net	959	1
Loss from equity method securities	299	0
Other non-cash adjustments	(123)	637
Changes in operating assets and liabilities:
Accounts receivable, net	(2,559)	(15,651)
Inventories	(282)	(468)
Prepaids and other current assets	1,604	447
Other long-term assets, net	(307)	(448)
Accounts payable	4,339	25,589
Accrued liabilities	7,886	6,693
Unearned revenue	2,034	24,143
Operating lease liabilities	(1,329)	(1,379)
Other long-term liabilities	284	(269)
Net cash provided by continuing operating activities	33,193	74,084
Net cash used in discontinued operating activities	0	(12,353)
Net cash provided by operating activities	33,193	61,731
Cash flows from investing activities:
Purchase of equity securities	(11,420)	0
Capital distribution from investment	1,162	0
Expenditures for property and equipment	(3,256)	(2,395)
Other investing activities, net	(281)	(367)
Net cash used in continuing investing activities	(13,795)	(2,762)
Net cash provided by discontinued investing activities	0	5,737
Net cash provided by (used in) investing activities	(13,795)	2,975
Cash flows from financing activities:
Repurchase of shares	(25,165)	0
Payments on long-term debt	(854)	(551)
Payments of taxes withheld upon vesting of employee stock awards	(3,267)	(7,292)
Other financing activities, net	0	(1)
Net cash used in continuing financing activities	(29,286)	(7,844)
Net cash provided by discontinued financing activities	0	2,085
Net cash used in financing activities	(29,286)	(5,759)
Net increase (decrease) in cash, cash equivalents, and restricted cash	(9,888)	58,947
Cash, cash equivalents, and restricted cash, beginning of period, inclusive of cash balances of discontinued operations	503,366	519,181
Cash, cash equivalents, and restricted cash, end of period, inclusive of cash balances of discontinued operations	493,478	578,128
Less: Cash, cash equivalents, and restricted cash of discontinued operations	0	42,120
Cash, cash equivalents, and restricted cash, end of period	$ 493,478	$ 536,008

DESCRIPTION OF BUSINESS

DESCRIPTION OF BUSINESS	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS	1. DESCRIPTION OF BUSINESS Overstock.com, Inc. is a leading e-commerce retailer and technology company that sells furniture and home furnishings at a smart value. The online shopping site offers a wide selection of quality furniture, décor, area rugs, bedding and bath, home improvement, outdoor, and kitchen and dining items, among others. Overstock.com, which receives tens of millions of visits per month, provides customers access to millions of products from third-party partners. As used herein, "Overstock," "the Company," "we," "our" and similar terms include Overstock.com, Inc. and its wholly-owned subsidiaries, unless the context indicates otherwise. As used herein, the term "Website" refers to the Company's internet websites located at www.overstock.com, www.o.co, www.overstock.ca, and www.overstockgovernment.com and the Company's mobile app.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation 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, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States ("GAAP") have been omitted in accordance with the rules and regulations of the SEC. These financial statements should be read in conjunction with our audited annual consolidated financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2021. There have been no significant changes to our significant accounting policies disclosed in Note 2—Accounting Policies, included in Part II, Item 8, Financial Statements and Supplementary Data, of our Annual Report on Form 10-K for the year ended December 31, 2021. 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. The results of operations for the three months ended March 31, 2022 are not necessarily indicative of the results to be expected for any future period or the full fiscal year, due to seasonality and other factors. On April 23, 2021, we entered into an agreement with Pelion MV GP, L.L.C. ("Pelion"), pursuant to which Pelion acquired control over Medici Ventures Inc. ("Medici Ventures") and its blockchain assets. Accordingly, we deconsolidated both Medici Ventures and tZERO Group, Inc.'s ("tZERO") consolidated net assets and noncontrolling interest from our consolidated financial statements and results beginning on April 23, 2021, the date that control ceased. These entities met the criteria to be reported as held for sale and discontinued operations as of March 31, 2021 and their operating results for the periods prior to deconsolidation have been reflected in our consolidated statements of income as discontinued operations for all periods presented. We operate as a single segment that includes all of our continuing operations, which primarily consists of amounts earned through e-commerce product sales through our Website. All corporate support costs (administrative functions such as finance, human resources, and legal) are allocated to our single reportable segment. Substantially all of our revenues are attributable to customers in the United States. Substantially all our property and equipment are located in the United States. Unless otherwise specified, disclosures in these consolidated financial statements reflect continuing operations only. Certain prior period data, primarily related to discontinued operations, have been reclassified in the consolidated financial statements and accompanying notes to conform to the current period presentation. See Note 3—Discontinued Operations for further information. Principles of consolidation The accompanying consolidated financial statements include our accounts and the accounts of our wholly-owned subsidiaries. All intercompany account balances and transactions have been eliminated in consolidation. Use of estimates The preparation of financial statements in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent liabilities in our consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, receivables valuation, revenue recognition, Club O and gift card breakage, sales returns, vendor incentive discount offers, inventory valuation, depreciable lives and valuation of property and equipment, and internally-developed software, goodwill valuation, intangible asset valuation, equity securities valuation, income taxes, stock-based compensation, performance-based compensation, self-funded health insurance liabilities, and contingencies. Our estimates involve, among other items, forecasted revenues, sales volume, pricing, cost and availability of inventory, cost and availability of labor supply, consumer demand and spending habits, and the continued operations of our supply chain and logistics network. Although these estimates are based on our best knowledge of current events and actions that we may undertake in the future, the variability of these factors depends on a number of factors, including uncertainty associated with macroeconomic conditions, such as the ongoing COVID-19 pandemic, supply chain challenges, inflation, rising interest rates, or the current conflict between Russia and Ukraine, how long these conditions will persist, what additional regulations may be introduced or reintroduced by governments or private parties or what effect any such additional regulations may have on our business and thus our accounting estimates may change from period to period. To the extent there are differences between these estimates and actual results, our consolidated financial statements may be materially affected.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	3 Months Ended
	Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	3. DISCONTINUED OPERATIONS On January 25, 2021, we entered into an agreement with Medici Ventures, Pelion, and Pelion, Inc., pursuant to which Medici Ventures converted to a Delaware limited partnership (the "Partnership") and Pelion became the sole general partner of the Partnership, and we became the limited partner of the Partnership. The term of the Partnership is eight years. A tZERO debt conversion was completed during the quarter ended March 31, 2021, following which Medici Ventures and Overstock held approximately 42% and 41%, respectively, of tZERO's outstanding common stock. On April 23, 2021, we entered into the Limited Partnership Agreement with Pelion, pursuant to which Pelion became the sole general partner, holding a 1% equity interest in the Partnership, and Overstock became a limited partner, holding a 99% equity interest in the Partnership. Our retained equity interest in these entities are classified as equity method securities as we are deemed to have significant influence, but not control, over these entities through holding more than a 20% interest in the entity. See Note 6—Equity Securities for further information. Results of discontinued operations through the transaction date were as follows (in thousands): Three months ended 2022 2021 Net revenue $ — $ 15,592 Cost of goods sold — 12,391 Gross profit — 3,201 Operating expenses Technology — 6,556 Selling, general, and administrative — 11,425 Total operating expenses — 17,981 Operating loss from discontinued operations — (14,780) Interest income, net — 187 Other income, net — 4,479 Loss from discontinued operations before income taxes — (10,114) Provision for income taxes — 12 Net loss from discontinued operations $ — $ (10,126) Less: Net loss attributable to noncontrolling interests from discontinued operations — (201) Net loss from discontinued operations attributable to stockholders of Overstock.com, Inc. $ — $ (9,925)

Fair Value Measures and Disclos

Fair Value Measures and Disclosures	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Disclosures	4. FAIR VALUE MEASUREMENT The following tables summarize our assets and liabilities measured at fair value on a recurring basis using the following levels of inputs (in thousands): Fair Value Measurements at March 31, 2022 Total Level 1 Level 2 Level 3 Assets: Cash equivalents—Money market mutual funds $ — $ — $ — $ — Equity securities, at fair value 115,306 366 — 114,940 Trading securities held in a "rabbi trust" (1) 226 226 — — Total assets $ 115,532 $ 592 $ — $ 114,940 Liabilities: Deferred compensation accrual "rabbi trust" (2) $ 231 $ 231 $ — $ — Total liabilities $ 231 $ 231 $ — $ — Fair Value Measurements at December 31, 2021 Total Level 1 Level 2 Level 3 Assets: Cash equivalents—Money market mutual funds $ — $ — $ — $ — Equity securities, at fair value 102,529 174 — 102,355 Trading securities held in a "rabbi trust" (1) 179 179 — — Total assets $ 102,708 $ 353 $ — $ 102,355 Liabilities: Deferred compensation accrual "rabbi trust" (2) $ 188 $ 188 $ — $ — Total liabilities $ 188 $ 188 $ — $ — ___________________________________________ (1) — Trading securities held in a rabbi trust are included in Prepaids and other current assets and Other long-term assets, net in the consolidated balance sheets. (2) — Non-qualified deferred compensation in a rabbi trust is included in Accrued liabilities and Other long-term liabilities in the consolidated balance sheets. The following table provides activity for our Level 3 investments (in thousands): Amount Level 3 investments at December 31, 2020 $ — Increase due to acquisition of Level 3 investments 99,723 Increase in fair value of Level 3 investments 2,632 Level 3 investments at December 31, 2021 102,355 Increase due to acquisition of Level 3 investments 11,420 Increase in fair value of Level 3 investments 1,165 Level 3 investments at March 31, 2022 $ 114,940

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment, Net [Abstract]
Property, Plant and Equipment, Policy [Policy Text Block]	5. PROPERTY AND EQUIPMENT, NET Property and equipment, net consist of the following (in thousands): March 31, December 31, 2021 Computer hardware and software, including internal-use software and website development $ 227,512 $ 225,256 Building 69,339 69,293 Furniture and equipment 12,408 12,067 Land 12,781 12,781 Leasehold improvements 2,579 2,601 Building machinery and equipment 9,809 9,809 Land improvements 7,025 7,025 341,453 338,832 Less: accumulated depreciation (232,999) (229,353) Total property and equipment, net $ 108,454 $ 109,479 Capitalized costs associated with internal-use software and website development, both developed internally and acquired externally, and depreciation of costs for the same periods associated with internal-use software and website development consist of the following (in thousands): Three months ended 2022 2021 Capitalized internal-use software and website development $ 1,769 $ 1,705 Depreciation of internal-use software and website development 1,726 1,808 Depreciation expense is classified within the corresponding operating expense categories on our consolidated statements of income as follows (in thousands): Three months ended 2022 2021 Cost of goods sold $ 167 $ 154 Technology 3,200 3,875 General and administrative 919 1,094 Total depreciation $ 4,286 $ 5,123

EQUITY SECURITIES

EQUITY SECURITIES	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
EQUITY SECURITIES	6. EQUITY SECURITIES Our equity securities accounted for under the equity method under ASC 323 include equity securities in which we can exercise significant influence, but not control, over these entities through holding more than a 20% voting interest in the entity. During the period ended March 31, 2022, we committed to invest an aggregate of an additional $15 million in tZERO through their Series B financing round led by the Intercontinental Exchange. $7.5 million of our investment in tZERO was funded during the period ended March 31, 2022 but the remaining $7.5 million was not yet funded during such period. We also invested $3.9 million in SpeedRoute, LLC, a former subsidiary of tZERO, which provides connectivity to tZERO's registered broker-dealer clients to U.S. equity exchanges and off-exchange sources of liquidity. The following table includes our equity securities accounted for under the equity method and related ownership interest as of March 31, 2022: Ownership Medici Ventures, L.P. 99% tZERO Group, Inc. 31% SpeedRoute, LLC 49% The carrying amount of our equity method securities was $352.5 million at March 31, 2022, which is included in Equity securities on our consolidated balance sheets, of which, $114.9 million is valued under the fair value option (tZERO and SpeedRoute, LLC). These investments are valued using Level 3 inputs, which represents 99.5% of assets measured at fair value. For our investments in Medici Ventures, L.P., tZERO, and SpeedRoute there is no difference in the carrying amount of the assets and liabilities and our maximum exposure to loss, and there is no difference between the carrying amount of our investment in Medici Ventures, L.P. and the amount of underlying equity we have in the entity's net assets. The following table summarizes the net income recognized on equity method securities recorded in Other expense, net in our consolidated statements of income for the three months ended March 31, 2022 (in thousands): Three months ended 2022 Net loss recognized on our proportionate share of the net loss of our equity method securities $ (1,464) Increase in fair value of equity method securities held under fair value option 1,165 Regulation S-X Rule 10-01(b)(1) In accordance with Rule 10-01(b)(1) of Regulation S-X, which applies to interim reports on Form 10-Q, the Company must determine if its equity method investees are considered "significant subsidiaries". Summarized income statement information of an equity method investee is required in an interim report if the significance criteria are met as defined under SEC guidance. For the period ended March 31, 2022, this threshold was met for the Company's equity investment in tZERO. The following is unaudited summarized financial information for tZERO (in thousands): Three months ended Results of Operations 2022 Revenues $ 740 Pre-tax loss (5,380) Net loss (4,380)

BORROWINGS

BORROWINGS	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
BORROWINGS	7. BORROWINGS 2020 loan agreements In March 2020, we entered into two loan agreements. The loan agreements provide a $34.5 million Senior Note, carrying interest at an annual rate of 4.242%, and a $13.0 million Mezzanine Note, carrying interest at an annual rate of 5.002%. The loans carry a blended annual interest rate of 4.45%. The Senior Note is for a 10-year term (stated maturity date is March 6, 2030) and requires interest only payments, with the principal amount and any then unpaid interest due and payable at the end of the 10-year term. The Mezzanine Note has a stated 10-year term, though the agreement requires principal and interest payments monthly over approximately a 46-month payment period. Our debt issuance costs and debt discount are amortized using the straight-line basis which approximates the effective interest method. As of March 31, 2022, the total outstanding debt on these loans was $40.5 million, net of $478,000 in capitalized debt issuance costs, and the total amount of the current portion of these loans included in Other current liabilities on our consolidated balance sheets was $3.4 million. Further, Overstock serves as a guarantor under the Senior Note (the "Senior Note Guaranty") and the Mezzanine Note (the "Mezzanine Note Guaranty"). Both loans include certain financial and non-financial covenants and are secured by our corporate headquarters and the related land and rank senior to stockholders. Overstock has agreed under the Senior Note Guaranty to, among other things, maintain, until all of the obligations guaranteed by Overstock under the Senior Note Guaranty have been paid in full, (i) a net worth in excess of $30 million and minimum liquid assets of $3 million for so long as the Mezzanine Note is outstanding, and (ii) a net worth in excess of $15 million and minimum liquid assets of $1 million from and after the date the Mezzanine Note has been paid in full. Overstock has also agreed under the Mezzanine Note Guaranty to, among other things, maintain a net worth in excess of $30 million and minimum liquid assets of $3 million until all obligations guaranteed by Overstock under the Mezzanine Note Guaranty have been paid in full.

LEASES

LEASES	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Lessee, Operating Leases [Text Block]	8. LEASES We have operating leases for warehouses, office space, and data centers. Our leases have remaining lease terms of one year to six years, some of which may include options to extend the leases perpetually, and some of which may include options to terminate the leases within one year. The components of lease expenses were as follows (in thousands): Three months ended 2022 2021 Operating lease cost $ 1,509 $ 2,141 Variable lease cost 498 388 The following table provides a summary of other information related to leases (in thousands): Three months ended 2022 2021 Cash payments included in operating cash flows from lease arrangements $ 1,550 $ 2,158 Derecognition of right-of-use assets due to reassessment of lease term — 527 The following table provides supplemental balance sheet information related to leases: March 31, December 31, Weighted-average remaining lease term—operating leases 2.52 years 2.72 years Weighted-average discount rate—operating leases 7 % 7 % Maturity of lease liabilities under our non-cancellable operating leases as of March 31, 2022, are as follows (in thousands): Payments due by period Amount 2022 (Remainder) $ 4,626 2023 4,805 2024 2,773 2025 665 2026 250 Thereafter 83 Total lease payments 13,202 Less interest 1,169 Present value of lease liabilities $ 12,033

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	9. COMMITMENTS AND CONTINGENCIES Legal proceedings and contingencies From time to time, we are involved in litigation concerning consumer protection, employment, intellectual property, claims under the securities laws, 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 have been in the past and we may be in the future 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 such matters could materially affect our business, results of operations, financial position, or cash flows. The nature of the loss contingencies relating to claims that have been asserted against us are described below. As previously disclosed, in October 2019, we received a subpoena from the SEC requiring us to produce documents and other information related to the Series A-1 Preferred stock dividend we announced to stockholders in June 2019 and requesting copies of 10b5-1 plans entered into by certain officers and directors. In December 2019, we received a subpoena from the SEC requesting our insider trading policies and certain employment and consulting agreements. We also received requests from the SEC for our communications with our former Chief Executive Officer and Director, Patrick Byrne, and the matters referenced in the December 2019 subpoenas. In January 2021, we received a subpoena from the SEC requesting information regarding our retail guidance in 2019 and certain communications with current and former executives, board members, and investors. We continue to cooperate with the SEC on these matters. On September 27, 2019, a purported securities class action lawsuit was filed against us and our former Chief Executive Officer and former Chief Financial Officer in the United States District Court of Utah, alleging violations under Section 10(b), Rule 10b-5, Section 20(a), and Section 20A of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). On October 8, 2019, October 17, 2019, October 31, 2019, and November 20, 2019, four similar lawsuits were filed in the same court also naming us and the above referenced former executives as defendants, bringing similar claims under the Exchange Act, and seeking similar relief. These cases were consolidated into a single lawsuit in December 2019. The Court appointed The Mangrove Partners Master Fund Ltd. as lead plaintiff in January 2020. In March 2020, an amended consolidated complaint was filed against us, our President, our former Chief Executive Officer, and our former Chief Financial Officer. We filed a motion to dismiss and, on September 28, 2020, the court granted our motion and entered judgment in our favor. The plaintiffs filed a motion to amend their complaint on October 23, 2020 and filed a notice of appeal on October 26, 2020. The United States District Court of Utah granted the plaintiffs' motion to amend their complaint on January 6, 2021 and the Tenth Circuit Court dismissed the plaintiffs' appeal on January 8, 2021. The plaintiffs filed their amended complaint on January 11, 2021. We filed a motion to dismiss plaintiffs' amended complaint, and on September 20, 2021, the court granted our motion and entered judgment in our favor. On October 18, 2021, the plaintiffs filed a Notice of Appeal, appealing the ruling of the district court to the United States Court of Appeals for the Tenth Circuit. The plaintiffs filed their opening brief in the Tenth Circuit on January 26, 2022. We filed a responsive appellate brief on March 30, 2022. The plaintiffs' reply appellate brief was filed on April 20, 2022. The Tenth Circuit has not yet scheduled oral argument on the plaintiffs' appeal. No estimates of the possible losses or range of losses can be made at this time. We intend to continue to vigorously defend this consolidated action. On November 22, 2019, a shareholder derivative suit was filed against us and certain past and present directors and officers of ours in the United States District Court for the District of Delaware, with allegations that include: (i) breach of fiduciary duties, (ii) unjust enrichment, (iii) insider selling and misappropriation of the Company's information, and (iv) contribution under Sections 10(b) and 21D of the Exchange Act. On December 17, 2019, a similar lawsuit was filed in the same court, naming the same defendants, bringing similar claims, and seeking similar relief. These cases were consolidated into a single lawsuit in January 2020. In March 2020, the court entered a stay on litigation, pending the outcome of the securities class action motion to dismiss. The case remains stayed pending the outcome of the plaintiffs' appeal to the Tenth Circuit in the securities class action. No estimates of the possible losses or range of losses can be made at this time. We intend to vigorously defend these actions. On April 23, 2020, a putative class action lawsuit was filed against us in the Circuit Court of the County of St. Louis, State of Missouri, alleging that we over-collected taxes on products sold into the state of Missouri. We removed the case to United States District Court, Eastern District of Missouri on May 22, 2020, and on February 9, 2021, the case against us was dismissed. On March 1, 2021, a putative class action lawsuit was filed against us in the Circuit Court of the County of St. Louis, State of Missouri, alleging similar allegations to the April 23, 2020 putative class action lawsuit that was dismissed, that we over-collected taxes on products sold into the state of Missouri. We filed a motion to compel arbitration, which was denied on October 13, 2021. We filed a motion to dismiss, which was denied on March 16, 2022. No estimates of the possible losses or range of losses can be made at this time. We intend to vigorously defend this action.

INDEMNIFICATIONS AND GUARANTEES

INDEMNIFICATIONS AND GUARANTEES	3 Months Ended
	Mar. 31, 2022
INDEMNIFICATIONS AND GUARANTEES
INDEMNIFICATIONS AND GUARANTEES	10. 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 we entered into in favor of Loan Core Capital Funding Corporation LLC under our building loan agreements, 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 prior loan agreements, customary indemnification arrangements in underwriting agreements and similar agreements, 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.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
STOCKHOLDERS' EQUITY	11. STOCKHOLDERS' EQUITY Common stock Each share of common stock has the right to one vote. The holders of common stock are also entitled to receive dividends declared by the Board of Directors out of funds legally available, subject to prior rights of holders of all classes of stock outstanding having priority rights as to dividends. Preferred stock Each share of our Series A-1 preferred stock and our Series B preferred stock (collectively, the "preferred shares"), except as required by law, are intended to have voting and dividend rights similar to those of one share of common stock. Preferred shares rank senior to common stock with respect to dividends. Holders of the preferred shares are entitled to an annual cash dividend of $0.16 per share, in preference to any dividend payment to the holders of the common stock, out of funds of the Company legally available for payment of dividends and subject to declaration by our Board of Directors. Holders of the preferred shares are also entitled to participate in any cash dividends we pay to the holders of the common stock and are also entitled to participate in non-cash dividends we pay to holders of the common stock, subject to potentially different treatment if we effect a stock dividend, stock split, or combination of the common stock. There are no arrearages in cumulative preferred dividends. We declared and paid a cash dividend of $0.16 per share to the holders of our preferred stock during 2020 and 2021. Neither the Series A-1 preferred stock nor Series B preferred stock is required to be converted into or exchanged for shares of our common stock or any other entity; however, at our sole discretion, we have the right to convert the Series A-1 preferred stock into Series B preferred stock at any time on a one-to-one basis. In the event of any liquidation, any amount available for distribution to stockholders after payment of all liabilities will be distributed proportionately, with each share of Series A-1 preferred stock and each share of Series B preferred stock being treated as though it were a share of our common stock. If we are party to any merger or consolidation in which our common stock is changed into or exchanged for stock or other securities of any other person (or the Company) or cash or any other property (or a right to receive the foregoing), we will use all commercially reasonable efforts to cause each outstanding share of the preferred stock to be treated as if such share were an additional outstanding share of common stock in connection with any such transaction. Neither the Series A-1 preferred stock nor the Series B preferred stock is registered under the Exchange Act. JonesTrading Sales Agreement Our Amended and Restated Capital on Demand TM Sales Agreement (the "Sales Agreement"), dated June 26, 2020 with JonesTrading Institutional Services LLC ("JonesTrading") and D.A. Davidson & Co. ("D.A. Davidson"), provides that we may conduct "at the market" sales of our common stock. Under the Sales Agreement, JonesTrading and D.A. Davidson, acting as our agents, may offer our common stock in the market on a daily basis or otherwise as we request from time to time. We have no obligation to sell additional shares under the Sales Agreement, but we may do so from time to time. For the three months ended March 31, 2022 and 2021, we did not sell any shares of our common stock pursuant to the Sales Agreement. As of March 31, 2022, we had $150.0 million available under our "at the market" sales program. Common and Preferred Stock Repurchase Program

STOCK-BASED AWARDS

STOCK-BASED AWARDS	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
STOCK-BASED AWARDS	12. STOCK-BASED AWARDS We have equity incentive and compensatory plans that provide for the grant to employees and board members of stock-based awards, including restricted stock, and provide employees the ability to purchase shares of our common stock through an employee stock purchase plan. Employee accounting applies to equity incentives and compensation granted by the Company to its own employees. Stock-based compensation expense is classified within the corresponding operating expense categories on our consolidated statements of income as follows (in thousands): Three months ended 2022 2021 Cost of goods sold $ 54 $ 11 Sales and marketing 345 257 Technology 1,840 657 General and administrative 2,400 1,380 Total stock-based compensation $ 4,639 $ 2,305 When an award is forfeited prior to the vesting date, we recognize an adjustment for the previously recognized expense in the period of the forfeiture. Overstock restricted stock awards The Overstock.com, Inc. Amended and Restated 2005 Equity Incentive Plan (the "Plan") provides for the grant of incentive stock options to employees and directors of the Company, and restricted stock units and other types of equity awards of the Company. These restricted stock awards generally vest over three years at 33.3% at the end of the first year, 33.3% at the end of the second year and 33.4% at the end of the third year, subject to the recipient's continuing service to us. The cost of restricted stock units 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 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 following table summarizes restricted stock award activity during the three months ended March 31, 2022 (in thousands, except per share data): Three months ended Units Weighted Outstanding—beginning of year 663 $ 56.37 Granted at fair value 482 46.12 Vested (243) 38.21 Forfeited (20) 70.04 Outstanding—end of period 882 $ 55.48 Employee Stock Purchase Plan On February 4, 2021 and May 13, 2021, our Board of Directors and stockholders, respectively, approved the Overstock.com, Inc. 2021 Employee Stock Purchase Plan (the "2021 ESPP"). The 2021 ESPP grants our eligible employees a right to purchase shares of our common stock at a discount through payroll deductions of up to 25% of eligible compensation, subject to a cap of $21,250 in any calendar year. The 2021 ESPP provides for consecutive 24-month offering periods beginning March 1 and September 1 of each year. Each offering period shall consist of four consecutive six-month purchase periods. The first offering period under the 2021 ESPP commenced on September 1, 2021, with the first purchase date occurring on February 28, 2022. On each purchase date, participating employees will purchase shares of our common stock at a price per share equal to 85% of the lesser of the fair market value of our common stock on (i) the offering date of the offering period or (ii) the purchase date (the "look-back" period). If the stock price of our common stock on any purchase date in an offering period is lower than the stock price on the offering date of that offering period, every participant in the offering will automatically be withdrawn from the offering after the purchase of shares on such purchase date and automatically enrolled in a new offering period commencing immediately subsequent to such purchase date. The maximum number of shares of common stock that may be issued under the 2021 ESPP in aggregate is 3.0 million shares. During the three months ended March 31, 2022, 41,918 shares were purchased at an average purchase price per share of $48.37. At March 31, 2022, approximately 3.0 million shares of common stock remained available under the ESPP. The 2021 ESPP is considered a compensatory plan and the fair value of the discount and the look-back period will be estimated using the Black-Scholes option pricing model and expense will be recognized straight-line over the 24-month offering period. For the three months ended March 31, 2022, we recognized $627,000 in share-based compensation expense related to the 2021 ESPP, which is included in the stock compensation expense table above combined with the expense associated with our restricted stock units.

REVENUE AND CONTRACT LIABILITY

REVENUE AND CONTRACT LIABILITY	3 Months Ended
	Mar. 31, 2022
REVENUE AND CONTRACT LIABILITY [Abstract]
Revenue [Policy Text Block]	13. REVENUE AND CONTRACT LIABILITY Unearned Revenue The following table provides information about unearned revenue from contracts with customers, including significant changes in unearned revenue balances during the periods presented (in thousands): Amount Unearned revenue at December 31, 2020 $ 72,165 Increase due to deferral of revenue at period end 51,384 Decrease due to beginning contract liabilities recognized as revenue (64,162) Unearned revenue at December 31, 2021 59,387 Increase due to deferral of revenue at period end 41,623 Decrease due to beginning contract liabilities recognized as revenue (39,589) Unearned revenue at March 31, 2022 $ 61,421 Our total unearned revenue related to outstanding Club O Reward dollars was $10.8 million and $10.0 million at March 31, 2022 and December 31, 2021, respectively. Breakage income related to Club O Reward dollars and gift cards is recognized in Net revenue in our consolidated statements of income. Breakage included in revenue was $1.1 million and $1.4 million for the three months ended March 31, 2022 and 2021. The timing of revenue recognition of these reward dollars is driven by actual customer activities, such as redemptions and expirations. Sales returns allowance The following table provides additions to and deductions from the sales returns allowance, which is included in our Accrued liabilities balance in our consolidated balance sheets (in thousands): Amount Allowance for returns at December 31, 2020 $ 19,190 Additions to the allowance 237,622 Deductions from the allowance (242,889) Allowance for returns at December 31, 2021 13,923 Additions to the allowance 42,460 Deductions from the allowance (42,166) Allowance for returns at March 31, 2022 $ 14,217

NET INCOME LOSS PER SHARE

NET INCOME LOSS PER SHARE	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share, Policy [Policy Text Block]	14. NET INCOME PER SHARE Our Series A-1 preferred stock and Series B preferred stock (collectively, the "preferred shares") are considered participating securities, and as a result, net income per share is calculated using the two-class method. Under this method, we give effect to preferred dividends and then allocate remaining net income attributable to our stockholders to both common shares and participating securities (based on the percentages outstanding) in determining net income per common share. Basic net income per common share is computed by dividing net income attributable to common shares (after allocating between common shares and participating securities) by the weighted average number of common shares outstanding during the period. Diluted net income per share is computed by dividing net income attributable to common shares (after allocating between participating securities and common shares) by the weighted average number of common and potential common shares outstanding during the period (after allocating total dilutive shares between our common shares outstanding and our preferred shares outstanding). Potential common shares, comprising incremental common shares issuable from the employee stock purchase plan and restricted stock awards are included in the calculation of diluted net income 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 2022 2021 Numerator: Income from continuing operations $ 10,123 $ 26,018 Less: Preferred stock dividends—declared and accumulated 182 182 Undistributed income from continuing operations 9,941 25,836 Less: Undistributed income allocated to participating securities 952 1,529 Net income from continuing operations attributable to common stockholders $ 8,989 $ 24,307 Loss from discontinued operations $ — $ (9,925) Net income attributable to common stockholders $ 8,989 $ 14,382 Denominator: Weighted average shares of common stock outstanding—basic 43,052 42,885 Effect of dilutive securities: Restricted stock awards 230 435 Weighted average shares of common stock outstanding—diluted 43,282 43,320 Net income from continuing operations per share of common stock: Basic $ 0.21 $ 0.57 Diluted $ 0.21 $ 0.56 Net loss from discontinued operations per share of common stock: Basic $ — $ (0.23) Diluted $ — $ (0.23) Net income per share of common stock: Basic $ 0.21 $ 0.34 Diluted $ 0.21 $ 0.33 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 2022 2021 Restricted stock units 506 284 Employee stock purchase plan 64 —

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation 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, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States ("GAAP") have been omitted in accordance with the rules and regulations of the SEC. These financial statements should be read in conjunction with our audited annual consolidated financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2021. There have been no significant changes to our significant accounting policies disclosed in Note 2—Accounting Policies, included in Part II, Item 8, Financial Statements and Supplementary Data, of our Annual Report on Form 10-K for the year ended December 31, 2021. 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. The results of operations for the three months ended March 31, 2022 are not necessarily indicative of the results to be expected for any future period or the full fiscal year, due to seasonality and other factors. On April 23, 2021, we entered into an agreement with Pelion MV GP, L.L.C. ("Pelion"), pursuant to which Pelion acquired control over Medici Ventures Inc. ("Medici Ventures") and its blockchain assets. Accordingly, we deconsolidated both Medici Ventures and tZERO Group, Inc.'s ("tZERO") consolidated net assets and noncontrolling interest from our consolidated financial statements and results beginning on April 23, 2021, the date that control ceased. These entities met the criteria to be reported as held for sale and discontinued operations as of March 31, 2021 and their operating results for the periods prior to deconsolidation have been reflected in our consolidated statements of income as discontinued operations for all periods presented. We operate as a single segment that includes all of our continuing operations, which primarily consists of amounts earned through e-commerce product sales through our Website. All corporate support costs (administrative functions such as finance, human resources, and legal) are allocated to our single reportable segment. Substantially all of our revenues are attributable to customers in the United States. Substantially all our property and equipment are located in the United States. Unless otherwise specified, disclosures in these consolidated financial statements reflect continuing operations only. Certain prior period data, primarily related to discontinued operations, have been reclassified in the consolidated financial statements and accompanying notes to conform to the current period presentation. See Note 3—Discontinued Operations for further information.
Principles of consolidation	Principles of consolidation
Use of estimates	Use of estimates The preparation of financial statements in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent liabilities in our consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, receivables valuation, revenue recognition, Club O and gift card breakage, sales returns, vendor incentive discount offers, inventory valuation, depreciable lives and valuation of property and equipment, and internally-developed software, goodwill valuation, intangible asset valuation, equity securities valuation, income taxes, stock-based compensation, performance-based compensation, self-funded health insurance liabilities, and contingencies. Our estimates involve, among other items, forecasted revenues, sales volume, pricing, cost and availability of inventory, cost and availability of labor supply, consumer demand and spending habits, and the continued operations of our supply chain and logistics network. Although these estimates are based on our best knowledge of current events and actions that we may undertake in the future, the variability of these factors depends on a number of factors, including uncertainty associated with macroeconomic conditions, such as the ongoing COVID-19 pandemic, supply chain challenges, inflation, rising interest rates, or the current conflict between Russia and Ukraine, how long these conditions will persist, what additional regulations may be introduced or reintroduced by governments or private parties or what effect any such additional regulations may have on our business and thus our accounting estimates may change from period to period. To the extent there are differences between these estimates and actual results, our consolidated financial statements may be materially affected.

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	3 Months Ended
	Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	Results of discontinued operations through the transaction date were as follows (in thousands): Three months ended 2022 2021 Net revenue $ — $ 15,592 Cost of goods sold — 12,391 Gross profit — 3,201 Operating expenses Technology — 6,556 Selling, general, and administrative — 11,425 Total operating expenses — 17,981 Operating loss from discontinued operations — (14,780) Interest income, net — 187 Other income, net — 4,479 Loss from discontinued operations before income taxes — (10,114) Provision for income taxes — 12 Net loss from discontinued operations $ — $ (10,126) Less: Net loss attributable to noncontrolling interests from discontinued operations — (201) Net loss from discontinued operations attributable to stockholders of Overstock.com, Inc. $ — $ (9,925)

Fair Value Measures and Discl_2

Fair Value Measures and Disclosures (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring	The following tables summarize our assets and liabilities measured at fair value on a recurring basis using the following levels of inputs (in thousands): Fair Value Measurements at March 31, 2022 Total Level 1 Level 2 Level 3 Assets: Cash equivalents—Money market mutual funds $ — $ — $ — $ — Equity securities, at fair value 115,306 366 — 114,940 Trading securities held in a "rabbi trust" (1) 226 226 — — Total assets $ 115,532 $ 592 $ — $ 114,940 Liabilities: Deferred compensation accrual "rabbi trust" (2) $ 231 $ 231 $ — $ — Total liabilities $ 231 $ 231 $ — $ — Fair Value Measurements at December 31, 2021 Total Level 1 Level 2 Level 3 Assets: Cash equivalents—Money market mutual funds $ — $ — $ — $ — Equity securities, at fair value 102,529 174 — 102,355 Trading securities held in a "rabbi trust" (1) 179 179 — — Total assets $ 102,708 $ 353 $ — $ 102,355 Liabilities: Deferred compensation accrual "rabbi trust" (2) $ 188 $ 188 $ — $ — Total liabilities $ 188 $ 188 $ — $ — ___________________________________________ (1) — Trading securities held in a rabbi trust are included in Prepaids and other current assets and Other long-term assets, net in the consolidated balance sheets. (2) — Non-qualified deferred compensation in a rabbi trust is included in Accrued liabilities and Other long-term liabilities in the consolidated balance sheets.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following table provides activity for our Level 3 investments (in thousands): Amount Level 3 investments at December 31, 2020 $ — Increase due to acquisition of Level 3 investments 99,723 Increase in fair value of Level 3 investments 2,632 Level 3 investments at December 31, 2021 102,355 Increase due to acquisition of Level 3 investments 11,420 Increase in fair value of Level 3 investments 1,165 Level 3 investments at March 31, 2022 $ 114,940

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment, Net [Abstract]
Property, Plant and Equipment [Table Text Block]	Property and equipment, net consist of the following (in thousands): March 31, December 31, 2021 Computer hardware and software, including internal-use software and website development $ 227,512 $ 225,256 Building 69,339 69,293 Furniture and equipment 12,408 12,067 Land 12,781 12,781 Leasehold improvements 2,579 2,601 Building machinery and equipment 9,809 9,809 Land improvements 7,025 7,025 341,453 338,832 Less: accumulated depreciation (232,999) (229,353) Total property and equipment, net $ 108,454 $ 109,479
Capitalization of Internal Costs, Policy [Policy Text Block]	Capitalized costs associated with internal-use software and website development, both developed internally and acquired externally, and depreciation of costs for the same periods associated with internal-use software and website development consist of the following (in thousands): Three months ended 2022 2021 Capitalized internal-use software and website development $ 1,769 $ 1,705 Depreciation of internal-use software and website development 1,726 1,808
Schedule of Depreciation and Amortization by Operating Expense Category [Table Text Block]	Depreciation expense is classified within the corresponding operating expense categories on our consolidated statements of income as follows (in thousands): Three months ended 2022 2021 Cost of goods sold $ 167 $ 154 Technology 3,200 3,875 General and administrative 919 1,094 Total depreciation $ 4,286 $ 5,123

EQUITY SECURITIES (Tables)

EQUITY SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Equity Securities Ownership Interest	The following table includes our equity securities accounted for under the equity method and related ownership interest as of March 31, 2022: Ownership Medici Ventures, L.P. 99% tZERO Group, Inc. 31% SpeedRoute, LLC 49%
Equity Method Investments	The following table summarizes the net income recognized on equity method securities recorded in Other expense, net in our consolidated statements of income for the three months ended March 31, 2022 (in thousands): Three months ended 2022 Net loss recognized on our proportionate share of the net loss of our equity method securities $ (1,464) Increase in fair value of equity method securities held under fair value option 1,165
Equity Method Investments, Summarized Financial Information	The following is unaudited summarized financial information for tZERO (in thousands): Three months ended Results of Operations 2022 Revenues $ 740 Pre-tax loss (5,380) Net loss (4,380)

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Schedule of Components of Lease Costs and Other Operating Lease Information	The components of lease expenses were as follows (in thousands): Three months ended 2022 2021 Operating lease cost $ 1,509 $ 2,141 Variable lease cost 498 388
Other Lease Information	The following table provides a summary of other information related to leases (in thousands): Three months ended 2022 2021 Cash payments included in operating cash flows from lease arrangements $ 1,550 $ 2,158 Derecognition of right-of-use assets due to reassessment of lease term — 527
Leases, Additional Financial Information	The following table provides supplemental balance sheet information related to leases: March 31, December 31, Weighted-average remaining lease term—operating leases 2.52 years 2.72 years Weighted-average discount rate—operating leases 7 % 7 %
Schedule of Maturities of Lease Liabilities under Operating Leases After Adoption of 842	Maturity of lease liabilities under our non-cancellable operating leases as of March 31, 2022, are as follows (in thousands): Payments due by period Amount 2022 (Remainder) $ 4,626 2023 4,805 2024 2,773 2025 665 2026 250 Thereafter 83 Total lease payments 13,202 Less interest 1,169 Present value of lease liabilities $ 12,033

STOCK-BASED AWARDS (Tables)

STOCK-BASED AWARDS (Tables)	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Summary of Stock Based Compensation	Stock-based compensation expense is classified within the corresponding operating expense categories on our consolidated statements of income as follows (in thousands): Three months ended 2022 2021 Cost of goods sold $ 54 $ 11 Sales and marketing 345 257 Technology 1,840 657 General and administrative 2,400 1,380 Total stock-based compensation $ 4,639 $ 2,305
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity	The following table summarizes restricted stock award activity during the three months ended March 31, 2022 (in thousands, except per share data): Three months ended Units Weighted Outstanding—beginning of year 663 $ 56.37 Granted at fair value 482 46.12 Vested (243) 38.21 Forfeited (20) 70.04 Outstanding—end of period 882 $ 55.48

REVENUE AND CONTRACT LIABILITY

REVENUE AND CONTRACT LIABILITY (Tables)	3 Months Ended
	Mar. 31, 2022
REVENUE AND CONTRACT LIABILITY [Abstract]
Contract with Customer, Asset and Liability [Table Text Block]	The following table provides information about unearned revenue from contracts with customers, including significant changes in unearned revenue balances during the periods presented (in thousands): Amount Unearned revenue at December 31, 2020 $ 72,165 Increase due to deferral of revenue at period end 51,384 Decrease due to beginning contract liabilities recognized as revenue (64,162) Unearned revenue at December 31, 2021 59,387 Increase due to deferral of revenue at period end 41,623 Decrease due to beginning contract liabilities recognized as revenue (39,589) Unearned revenue at March 31, 2022 $ 61,421
Schedule of Sales Returns, Reserve For Sales Returns [Table Text Block]	The following table provides additions to and deductions from the sales returns allowance, which is included in our Accrued liabilities balance in our consolidated balance sheets (in thousands): Amount Allowance for returns at December 31, 2020 $ 19,190 Additions to the allowance 237,622 Deductions from the allowance (242,889) Allowance for returns at December 31, 2021 13,923 Additions to the allowance 42,460 Deductions from the allowance (42,166) Allowance for returns at March 31, 2022 $ 14,217

NET INCOME LOSS PER SHARE (Tabl

NET INCOME LOSS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	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 2022 2021 Numerator: Income from continuing operations $ 10,123 $ 26,018 Less: Preferred stock dividends—declared and accumulated 182 182 Undistributed income from continuing operations 9,941 25,836 Less: Undistributed income allocated to participating securities 952 1,529 Net income from continuing operations attributable to common stockholders $ 8,989 $ 24,307 Loss from discontinued operations $ — $ (9,925) Net income attributable to common stockholders $ 8,989 $ 14,382 Denominator: Weighted average shares of common stock outstanding—basic 43,052 42,885 Effect of dilutive securities: Restricted stock awards 230 435 Weighted average shares of common stock outstanding—diluted 43,282 43,320 Net income from continuing operations per share of common stock: Basic $ 0.21 $ 0.57 Diluted $ 0.21 $ 0.56 Net loss from discontinued operations per share of common stock: Basic $ — $ (0.23) Diluted $ — $ (0.23) Net income per share of common stock: Basic $ 0.21 $ 0.34 Diluted $ 0.21 $ 0.33
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	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 2022 2021 Restricted stock units 506 284 Employee stock purchase plan 64 —

DISCONTINUED OPERATIONS - Narra

DISCONTINUED OPERATIONS - Narrative (Details)	Apr. 23, 2021	Mar. 31, 2021	Jan. 25, 2021	Mar. 31, 2022
Minimum
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Equity Method Investment, Ownership Percentage				20.00%
Equity Method Investment, Ownership Percentage				20.00%
Fair Value, Inputs, Level 3 [Member] | Assets | Investments, Fair Value Concentration Risk
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Concentration Risk, Percentage				99.50%
Pelion MV GP, LLC | Medici Ventures, L.P.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	1.00%
Overstock.com, Inc. | tZero.com, Inc.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions		41.00%
Equity Method Investment, Ownership Percentage				31.00%
Equity Method Investment, Ownership Percentage				31.00%
Overstock.com, Inc. | Medici Ventures, L.P.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Limited Liability Company or Limited Partnership, Members or Limited Partners, Ownership Interest	99.00%			99.00%
Medici Ventures | tZero.com, Inc.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions		42.00%
Medici Ventures, L.P.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Partnership Term			8 years

DISCONTINUED OPERATIONS - Sched

DISCONTINUED OPERATIONS - Schedule of Discontiued Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net loss from discontinued operations	$ 0	$ (10,126)
Less: Net loss attributable to noncontrolling interests from discontinued operations	0	(201)
Net loss from discontinued operations attributable to stockholders of Overstock.com, Inc.	0	(9,925)
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenue	0	15,592
Cost of goods sold	0	12,391
Gross profit	0	3,201
Technology	0	6,556
Selling, general, and administrative	0	11,425
Total operating expenses	0	17,981
Operating loss from discontinued operations	0	(14,780)
Interest income, net	0	187
Other income, net	0	4,479
Loss from discontinued operations before income taxes	0	(10,114)
Provision for income taxes	0	12
Net loss from discontinued operations	0	(10,126)
Less: Net loss attributable to noncontrolling interests from discontinued operations	0	(201)
Net loss from discontinued operations attributable to stockholders of Overstock.com, Inc.	$ 0	$ (9,925)

Fair Value Measures and Discl_3

Fair Value Measures and Disclosures (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	$ 0	$ 0
Equity Securities, FV-NI, Noncurrent	115,306	102,529
Debt Securities, Trading, and Equity Securities, FV-NI	226	179
Assets, Fair Value Disclosure	115,532	102,708
Deferred Compensation Cash-based Arrangements, Liability, Current and Noncurrent	231	188
Financial and Nonfinancial Liabilities, Fair Value Disclosure	231	188
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0	0
Equity Securities, FV-NI, Noncurrent	366	174
Debt Securities, Trading, and Equity Securities, FV-NI	226	179
Assets, Fair Value Disclosure	592	353
Deferred Compensation Cash-based Arrangements, Liability, Current and Noncurrent	231	188
Financial and Nonfinancial Liabilities, Fair Value Disclosure	231	188
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0	0
Equity Securities, FV-NI, Noncurrent	0	0
Debt Securities, Trading, and Equity Securities, FV-NI	0	0
Assets, Fair Value Disclosure	0	0
Deferred Compensation Cash-based Arrangements, Liability, Current and Noncurrent	0	0
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0	0
Equity Securities, FV-NI, Noncurrent	114,940	102,355
Debt Securities, Trading, and Equity Securities, FV-NI	0	0
Assets, Fair Value Disclosure	114,940	102,355
Deferred Compensation Cash-based Arrangements, Liability, Current and Noncurrent	0	0
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	114,940	102,355	$ 0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	11,420	99,723
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	$ 1,165	$ 2,632

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Depreciation	$ 4,286	$ 5,123
Property, Plant and Equipment, Gross	341,453		$ 338,832
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	(232,999)		(229,353)
Property, Plant and Equipment, Net	108,454		109,479
Cost of goods sold
Property, Plant and Equipment [Line Items]
Depreciation	167	154
Technology
Property, Plant and Equipment [Line Items]
Depreciation	3,200	3,875
General and administrative
Property, Plant and Equipment [Line Items]
Depreciation	919	1,094
Software Development [Member]
Property, Plant and Equipment [Line Items]
Capitalized Computer Software, Additions	1,769	1,705
Capitalized Computer Software, Amortization	1,726	$ 1,808
Computer hardware and software, including internal-use software and website development
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	227,512		225,256
Building
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	69,339		69,293
Furniture and equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	12,408		12,067
Land
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	12,781		12,781
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	2,579		2,601
Building machinery and equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	9,809		9,809
Land improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 7,025		$ 7,025

EQUITY SECURITIES (Details)

EQUITY SECURITIES (Details) - USD ($) $ in Thousands	Apr. 23, 2021	Mar. 31, 2022	Mar. 31, 2021
Schedule of Equity Method Investments [Line Items]
Equity Method Investments		$ 352,500
Income (Loss) from Equity Method Investments		(1,464)
Fair Value, Option, Changes in Fair Value, Gain (Loss)		1,165
Consolidated net income		10,123	$ 15,892
Payments to Acquire Equity Method Investments		11,420	0
Payments to Acquire Equity Method Investments		11,420	$ 0
Fair Value, Inputs, Level 3 [Member]
Schedule of Equity Method Investments [Line Items]
Equity Securities, FV-NI		114,900
Equity Securities, FV-NI		114,900
tZero.com, Inc.
Schedule of Equity Method Investments [Line Items]
Revenues		740
Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax		(5,380)
Consolidated net income		$ (4,380)
Overstock.com, Inc. | Medici Ventures, L.P.
Schedule of Equity Method Investments [Line Items]
Limited Liability Company or Limited Partnership, Members or Limited Partners, Ownership Interest	99.00%	99.00%
Overstock.com, Inc. | tZero.com, Inc.
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage		31.00%
Payments to Acquire Equity Method Investments		$ 7,500
Equity Method Investment, Capital Commitments Required		15,000
Equity Method Investment, Capital Commitments Remaining		7,500
Payments to Acquire Equity Method Investments		7,500
Equity Method Investment, Capital Commitments Required		15,000
Equity Method Investment, Capital Commitments Remaining		$ 7,500
Overstock.com, Inc. | SpeedRoute, LLC
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage		49.00%
Payments to Acquire Equity Method Investments		$ 3,900
Payments to Acquire Equity Method Investments		$ 3,900

BORROWINGS (Details)

BORROWINGS (Details) - USD ($) $ in Thousands	Mar. 06, 2020	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Long-term Debt		$ 37,117	$ 37,984
Senior Notes
Debt Instrument [Line Items]
Minimum Net Worth Required for Compliance		15,000
Minimum Liquid Assets		1,000
Minimum Net Worth Required for Mezzanine Note Duration		30,000
Minimum Liquid Assets Compliance for Duration of Mezzanine Note		3,000
Mezzanine Note [Member]
Debt Instrument [Line Items]
Minimum Net Worth Required for Compliance		30,000
Minimum Liquid Assets		3,000
Loan Core Capital Funding Corporation [Member]
Debt Instrument [Line Items]
Senior & Mezzanine Note Total Outstanding		40,500
Debt Issuance Costs, Net		478
Other Liabilities, Current		$ 3,400
Loan Core Capital Funding Corporation [Member] | Senior Notes
Debt Instrument [Line Items]
Long-term Debt	$ 34,500
Annual interest rate	4.242%
Long-term Debt, Term	10 years
Loan Core Capital Funding Corporation [Member] | Mezzanine Note [Member]
Debt Instrument [Line Items]
Long-term Debt	$ 13,000
Annual interest rate	5.002%
Long-term Debt, Term	10 years
Long-term Debt, Principal and Interest Only Payments	46 months
Loan Core Capital Funding Corporation [Member] | Senior and Mezzanine Blended Rate [Member]
Debt Instrument [Line Items]
Annual interest rate	4.45%

LEASES - Additional Information

LEASES - Additional Information (Details)	Mar. 31, 2022
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term (in years)	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term (in years)	6 years

LEASES - Components of Lease Co

LEASES - Components of Lease Cost and Other Operating Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Lease, Cost [Abstract]
Operating lease cost	$ 1,509	$ 2,141
Variable lease cost	498	388
Cash payments included in operating cash flows from lease arrangements	1,550	2,158
Derecognition of Right-of-Use Assets	$ 0	$ 527
Weighted-average remaining lease term—operating leases	2 years 6 months 7 days		2 years 8 months 19 days
Weighted-average discount rate—operating leases	7.00%		7.00%

LEASES - Operating Lease Maturi

LEASES - Operating Lease Maturities and Future Minimum Payments (Details) $ in Thousands	Mar. 31, 2022USD ($)
Operating Leases After Adoption of 842
2022 (Remainder)	$ 4,626
2023	4,805
2024	2,773
2025	665
2026	250
Thereafter	83
Total lease payments	13,202
Less interest	1,169
Present value of lease liabilities	$ 12,033

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Loss contingency, legal proceedings
Accrued liabilities for contingencies	$ 63	$ 165

STOCKHOLDERS' EQUITY - Preferre

STOCKHOLDERS' EQUITY - Preferred Stock (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2022vote$ / sharesshares	Dec. 31, 2021$ / sharesshares	Dec. 31, 2020$ / shares	Mar. 31, 2021shares
Class of Stock [Line Items]
Preferred Stock, Number of Votes | vote	1
Preferred Stock, Dividend Rate, Per-Dollar-Amount | $ / shares	$ 0.16
Dividend paid (in usd per share) | $ / shares		$ 0.16	$ 0.16
Series A-1 Preferred Stock
Class of Stock [Line Items]
Preferred stock, shares outstanding	4,198,000	4,204,000
Number of convertible preferred shares upon conversion (in shares)	1
Preferred stock | Series A-1 Preferred Stock
Class of Stock [Line Items]
Preferred stock, shares outstanding	4,198,000			4,204,000

STOCKHOLDERS' EQUITY - JonesTra

STOCKHOLDERS' EQUITY - JonesTrading Agreements (Details) $ in Thousands	Mar. 31, 2022USD ($)
Class of Stock [Line Items]
Common Stock, Aggregate Offering Price	$ 150,000

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Aug. 17, 2021
Equity [Abstract]
Stock Repurchase Program, Authorized Amount		$ 100,000
Common Stock [Member]
Class of Stock [Line Items]
Payments for Repurchase of Common Stock	$ 24,900
Average price per share of shares repurchased (in dollars per share)	$ 48.18
Series A-1 Preferred Stock
Class of Stock [Line Items]
Payments for Repurchase of Preferred Stock and Preference Stock	$ 256
Average price per share of shares repurchased (in dollars per share)	$ 45.24

STOCK-BASED AWARDS - Stock-base

STOCK-BASED AWARDS - Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Payment Arrangement, Expense	$ 4,639	$ 2,305
Cost of Sales [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Payment Arrangement, Expense	54	11
Selling and Marketing Expense [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Payment Arrangement, Expense	345	257
Technology [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Payment Arrangement, Expense	1,840	657
General and Administrative Expense [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Payment Arrangement, Expense	$ 2,400	$ 1,380

STOCK-BASED AWARDS - Additional

STOCK-BASED AWARDS - Additional Information (Details) - $ / shares	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Weighted Average Grant Date Fair Value
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	46,910,000	46,625,000
Restricted Stock Awards
Units
Outstanding-beginning of year (in shares)	663,000
Granted at fair value (in shares)	482,000
Vested (in shares)	(243,000)
Forfeited (in shares)	(20,000)
Outstanding-end of period (in shares)	882,000
Weighted Average Grant Date Fair Value
Outstanding-beginning of year (in dollars per share)	$ 56.37
Granted at fair value (in dollars per share)	46.12
Vested (in dollars per share)	38.21
Forfeited (in dollars per share)	70.04
Outstanding-end of period (in dollars per share)	$ 55.48
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	33.40%

STOCK-BASED AWARDS - ESPP (Deta

STOCK-BASED AWARDS - ESPP (Details) - USD ($)	May 13, 2021	Mar. 31, 2022
Stock-Based Awards
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Employee Subscription Rate	25.00%
Share-based Compensation Arrangement by Share-based Payment Award Monetary Cap	$ 21,250
Share-based Compensation Arrangement by Share-based Payment Award Offering Period Duration	24 months
Share-based Compensation Arrangement by Share-based Payment Award Number of Six Month Purchase Periods	6 months
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent	85.00%
Employee Stock
Stock-Based Awards
Share-based Compensation Arrangement by Share-based Payment Award Offering Period Duration	24 months
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	3,000,000
Stock Issued During Period, Shares, Employee Stock Purchase Plans		41,918
Stock Issued, Employee Stock Purchase Plan, Average Price Per Share		$ 48.37
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant		3,000,000
Employee Benefits and Share-based Compensation		$ 627,000

STOCK-BASED AWARDS (Details)

STOCK-BASED AWARDS (Details) shares in Millions	Mar. 31, 2022shares
Employee Stock
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	3

REVENUE AND CONTRACT LIABILIT_2

REVENUE AND CONTRACT LIABILITY Unearned Revenue (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Contract with Customer, Liability	$ 61,421	$ 59,387	$ 72,165
Increase (Decrease) in Contract with Customer, Liability	41,623	51,384
Contract with Customer, Liability, Revenue Recognized	$ (39,589)	$ (64,162)

REVENUE AND CONTRACT LIABILIT_3

REVENUE AND CONTRACT LIABILITY Club O Reward Unearned Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Deferred Revenue, Current	$ 61,421		$ 59,387
Gift Card and Club O Rewards Breakage	1,100	$ 1,400
Club O Reward Points [Member]
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Deferred Revenue, Current	$ 10,800		$ 10,000

REVENUE AND CONTRACT LIABILIT_4

REVENUE AND CONTRACT LIABILITY Sales Return Allowance (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Sales returns allowance [Abstract]
Sales Return, Reserve for Sales Returns, Current	$ 14,217	$ 13,923	$ 19,190
Sales Returns, Additions To Reserve For Sales Returns	42,460	237,622
Deductions From Sales Returns, Current	$ (42,166)	$ (242,889)

NET INCOME LOSS PER SHARE (Deta

NET INCOME LOSS PER SHARE (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-based Payment Arrangement [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	506	284
Employee Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	64	0

NET INCOME LOSS PER SHARE Incom

NET INCOME LOSS PER SHARE Income & Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Condensed Income Statements, Captions [Line Items]
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	$ 10,123	$ 26,018
Preferred Stock Dividends, Income Statement Impact	182	182
Net Income (Loss) Available To Common Stockholders, Before Undistributed Earnings (Loss) Allocated To Participating Securities, Basic	9,941	25,836
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic	952	1,529
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic	8,989	24,307
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	0	(9,925)
Net Income (Loss) Available to Common Stockholders, Basic	$ 8,989	$ 14,382
Weighted Average Number of Shares Outstanding, Basic	43,052	42,885
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	230	435
Weighted Average Number of Shares Outstanding, Diluted	43,282	43,320
Income (Loss) from Continuing Operations, Per Basic Share	$ 0.21	$ 0.57
Income (Loss) from Continuing Operations, Per Diluted Share	0.21	0.56
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share	0	(0.23)
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share	0	(0.23)
Earnings Per Share, Basic	0.21	0.34
Earnings Per Share, Diluted	$ 0.21	$ 0.33