Beyond (BYON) 10-Q 31 Jul 23 2023 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2023	Jul. 28, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
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		45,203,152
Entity Central Index Key	0001130713
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 342,891	$ 371,263
Restricted cash	185	194
Accounts receivable, net of allowance for credit losses of $2,006 and $3,223	19,122	17,693
Inventories	6,313	6,526
Prepaids and other current assets	20,369	18,833
Total current assets	388,880	414,509
Property and equipment, net	109,949	109,906
Deferred tax assets, net	52,941	41,439
Intangible assets, net	25,583	9
Goodwill	6,160	6,160
Equity securities, including securities measured at fair value of $38,400 and $82,823	208,476	296,317
Operating lease right-of-use assets	4,985	7,460
Other long-term assets, net	13,578	2,746
Total assets	810,552	878,546
Current liabilities:
Accounts payable	86,016	75,130
Accrued liabilities	62,603	63,614
Unearned revenue	43,379	44,480
Operating lease liabilities, current	3,108	4,410
Other current liabilities	2,029	3,508
Total current liabilities	197,135	191,142
Long-term debt, net	34,219	34,476
Operating lease liabilities, non-current	2,319	3,626
Other long-term liabilities	3,713	3,476
Total liabilities	237,386	232,720
Commitments and contingencies (Note 9)
Stockholders' equity:
Preferred stock, $0.0001 par value, authorized shares - 5,000, issued and outstanding - none	0	0
Common stock, $0.0001 par value, authorized shares - 100,000	5	5
Additional paid-in capital	995,904	982,718
Accumulated deficit	(257,629)	(173,829)
Accumulated other comprehensive loss	(514)	(522)
Treasury stock at cost - 6,253 and 6,151	(164,600)	(162,546)
Equity attributable to stockholders of Overstock.com, Inc.	573,166	645,826
Total liabilities and stockholders' equity	$ 810,552	$ 878,546

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for credit loss	$ 2,006	$ 3,223
Equity securities at fair value	$ 38,400	$ 82,823
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	51,455,000	51,102,000
Common stock, shares outstanding (in shares)	45,202,000	44,951,000
Treasury stock (in shares)	6,253,000	6,151,000

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Net revenue	$ 422,211	$ 528,122	$ 803,351	$ 1,064,159
Cost of goods sold	327,839	407,017	619,266	817,842
Gross profit	94,372	121,105	184,085	246,317
Operating expenses
Sales and marketing	49,242	57,940	96,290	116,453
Technology	27,706	30,542	58,252	63,531
General and administrative	21,673	21,081	42,156	42,337
Total operating expenses	98,621	109,563	196,698	222,321
Operating income (loss)	(4,249)	11,542	(12,613)	23,996
Interest income (expense), net	3,059	115	5,618	(10)
Other expense, net	(80,673)	(1,981)	(88,062)	(2,095)
Income (loss) before income taxes	(81,863)	9,676	(95,057)	21,891
Provision (benefit) for income taxes	(8,370)	2,529	(11,257)	4,621
Net income (loss) attributable to stockholders of Overstock.com, Inc.	$ (73,493)	$ 7,147	$ (83,800)	$ 17,270
Net income (loss) per share of common stock:
Basic	$ (1.63)	$ 0.12	$ (1.86)	$ 0.33
Diluted	$ (1.63)	$ 0.12	$ (1.86)	$ 0.33
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Basic	45,200,000	43,072,000	45,134,000	43,062,000
Diluted	45,200,000	43,159,000	45,134,000	43,221,000

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (73,493)	$ 7,147	$ (83,800)	$ 17,270
Other comprehensive income
Unrealized gain on cash flow hedges, net of expense for taxes of $0, $0, $0, and $0	4	4	8	8
Other comprehensive income	4	4	8	8
Comprehensive income (loss) attributable to stockholders of Overstock.com, Inc.	$ (73,489)	$ 7,151	$ (83,792)	$ 17,278

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Loss (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Unrealized gain on cash flow hedges, tax expense	$ 0	$ 0	$ 0	$ 0

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Total	Common stock	Preferred stock	Additional paid-in capital	Accumulated deficit	Accumulated other comprehensive loss	Treasury Stock, Common	Series A-1 Preferred Stock	Series A-1 Preferred Stock Preferred stock	Series B Preferred Stock Preferred stock
Increase (Decrease) in Stockholders' Equity
Shares, Outstanding		46,625,000					3,602,000
Common stock, $0.0001 par value, authorized shares - 100,000		$ 4,000
Treasury Stock, Preferred, Value									0
Preferred stock, shares issued (in shares)									4,204,000
Preferred stock, shares outstanding (in shares)										357,000
Total stockholders' equity				$ 960,544,000	$ (136,590,000)	$ (537,000)	$ (79,035,000)
Common stock issued upon vesting of restricted stock		261,000
Stock Issued During Period, Shares, Employee Stock Purchase Plans		42,000
Treasury Stock, Shares, Acquired							1,652,000		7,000
Treasury Stock, Shares, Retired								7,244	(7,000)
APIC, Share-based Payment Arrangement, ESPP, Increase for Cost Recognition				1,890,000
Net income (loss)	$ 17,270,000				17,270,000
Tax withholding upon vesting of employee stock awards							77,000
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation							$ 3,482,000
Treasury Stock, Retired, Cost Method, Amount					306,000		(306,000)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition				9,334,000
Adjustments to Additional Paid In Capital, Conversion of Preferred Stock				1,043,000
Other				34,000
Treasury Stock, Value, Acquired, Cost Method							$ 60,077,000
Preferred Stock Conversions, Inducements					(1,697,000)
Stock Issued During Period, Value, Conversion of Convertible Securities					(306,000)
Net other comprehensive income	8,000					8,000
Stock Issued During Period, Shares, Conversion of Preferred Stock		4,098,000
Stock Issued During Period, Value, Conversion of Preferred Stock		$ 1,000
Preferred Stock, Shares Converted									4,204,000	357,000
Shares, Outstanding		46,910,000					4,190,000
Common stock, $0.0001 par value, authorized shares - 100,000		$ 4,000
Treasury Stock, Preferred, Value									6,000
Preferred stock, shares issued (in shares)									4,204,000
Preferred stock, shares outstanding (in shares)										357,000
Total stockholders' equity				967,073,000	(126,467,000)	(533,000)	$ (107,467,000)
Common stock issued upon vesting of restricted stock		18,000
Stock Issued During Period, Shares, Employee Stock Purchase Plans		0
Treasury Stock, Shares, Acquired							1,135,000		1,000
Treasury Stock, Shares, Retired									(7,000)
APIC, Share-based Payment Arrangement, ESPP, Increase for Cost Recognition				0
Net income (loss)	7,147,000				7,147,000
Tax withholding upon vesting of employee stock awards							6,000
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation							$ 215,000
Treasury Stock, Retired, Cost Method, Amount							(306,000)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition				4,695,000
Adjustments to Additional Paid In Capital, Conversion of Preferred Stock				1,043,000
Other				34,000
Treasury Stock, Value, Acquired, Cost Method							$ 34,912,000
Preferred Stock Conversions, Inducements					(1,697,000)
Stock Issued During Period, Value, Conversion of Convertible Securities					(306,000)
Net other comprehensive income	4,000					4,000
Stock Issued During Period, Shares, Conversion of Preferred Stock		4,098,000
Stock Issued During Period, Value, Conversion of Preferred Stock		$ 1,000
Preferred Stock, Shares Converted									(4,204,000)	357,000
Common stock, shares outstanding (in shares)		45,695,000
Shares, Outstanding		51,026,000					5,331,000
Common stock, $0.0001 par value, authorized shares - 100,000		$ 5,000
Treasury Stock, Preferred, Value									0
Preferred stock, shares issued (in shares)									0
Preferred stock, shares outstanding (in shares)									0	0
Preferred stock, $0.0001 par value, authorized shares - 5,000, issued and outstanding - none			$ 0
Total stockholders' equity	$ 708,710,000			972,845,000	(121,323,000)	(529,000)	$ (142,288,000)
Common stock, shares outstanding (in shares)	44,951,000
Shares, Outstanding		51,102,000					6,151,000
Common stock, $0.0001 par value, authorized shares - 100,000		$ 5,000
Treasury Stock, Preferred, Value									0
Preferred stock, shares issued (in shares)	0								0
Preferred stock, shares outstanding (in shares)	0									0
Preferred stock, $0.0001 par value, authorized shares - 5,000, issued and outstanding - none	$ 0
Total stockholders' equity	645,826,000			982,718,000	(173,829,000)	(522,000)	$ (162,546,000)
Common stock issued upon vesting of restricted stock		285,000
Stock Issued During Period, Shares, Employee Stock Purchase Plans		68,000
Treasury Stock, Shares, Acquired							0		0
Treasury Stock, Shares, Retired									0
APIC, Share-based Payment Arrangement, ESPP, Increase for Cost Recognition				1,121,000
Net income (loss)	(83,800,000)				(83,800,000)
Tax withholding upon vesting of employee stock awards							102,000
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation							$ 2,054,000
Treasury Stock, Retired, Cost Method, Amount							0
APIC, Share-based Payment Arrangement, Increase for Cost Recognition				12,065,000
Adjustments to Additional Paid In Capital, Conversion of Preferred Stock				0
Other				0
Treasury Stock, Value, Acquired, Cost Method							$ 0
Preferred Stock Conversions, Inducements					0
Stock Issued During Period, Value, Conversion of Convertible Securities					0
Net other comprehensive income	8,000					8,000
Stock Issued During Period, Shares, Conversion of Preferred Stock		0
Stock Issued During Period, Value, Conversion of Preferred Stock		$ 0
Preferred Stock, Shares Converted									0	0
Shares, Outstanding		51,438,000					6,247,000
Common stock, $0.0001 par value, authorized shares - 100,000		$ 5,000
Treasury Stock, Preferred, Value									0
Preferred stock, shares issued (in shares)									0
Preferred stock, shares outstanding (in shares)										0
Total stockholders' equity				989,634,000	(184,136,000)	(518,000)	$ (164,480,000)
Common stock issued upon vesting of restricted stock		17,000
Stock Issued During Period, Shares, Employee Stock Purchase Plans		0
Treasury Stock, Shares, Acquired							0		0
Treasury Stock, Shares, Retired									0
APIC, Share-based Payment Arrangement, ESPP, Increase for Cost Recognition				0
Net income (loss)	(73,493,000)				(73,493,000)
Tax withholding upon vesting of employee stock awards							6,000
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation							$ 120,000
Treasury Stock, Retired, Cost Method, Amount							0
APIC, Share-based Payment Arrangement, Increase for Cost Recognition				6,270,000
Adjustments to Additional Paid In Capital, Conversion of Preferred Stock				0
Other				0
Treasury Stock, Value, Acquired, Cost Method							$ 0
Preferred Stock Conversions, Inducements					0
Stock Issued During Period, Value, Conversion of Convertible Securities					0
Net other comprehensive income	$ 4,000					4,000
Stock Issued During Period, Shares, Conversion of Preferred Stock		0
Stock Issued During Period, Value, Conversion of Preferred Stock		$ 0
Preferred Stock, Shares Converted									0	0
Common stock, shares outstanding (in shares)	45,202,000	45,202,000
Shares, Outstanding		51,455,000					6,253,000
Common stock, $0.0001 par value, authorized shares - 100,000		$ 5,000
Treasury Stock, Preferred, Value									0
Preferred stock, shares issued (in shares)	0								0
Preferred stock, shares outstanding (in shares)	0								0	0
Preferred stock, $0.0001 par value, authorized shares - 5,000, issued and outstanding - none	$ 0		$ 0
Total stockholders' equity	$ 573,166,000			$ 995,904,000	$ (257,629,000)	$ (514,000)	$ (164,600,000)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net income (loss)	$ (83,800)	$ 17,270
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	10,501	8,350
Non-cash operating lease cost	2,554	2,736
Stock-based compensation to employees and directors	12,065	9,334
(Increase) decrease in deferred tax assets, net	(11,502)	2,622
Loss from equity method securities	87,820	2,583
Other non-cash adjustments	(186)	(114)
Changes in operating assets and liabilities:
Accounts receivable, net	(1,429)	(1,504)
Inventories	213	(529)
Prepaids and other current assets	(907)	2,318
Other long-term assets, net	(1,537)	(943)
Accounts payable	11,992	(6,104)
Accrued liabilities	(3,369)	(8,339)
Unearned revenue	(1,101)	(2,833)
Operating lease liabilities	(2,779)	(2,850)
Other long-term liabilities	237	(175)
Net cash provided by operating activities	18,772	21,822
Cash flows from investing activities:
Disbursement for notes receivable	(10,000)	0
Purchase of intangible assets	(22,832)	0
Purchase of equity securities	0	(11,420)
Capital distribution from investment	0	1,162
Expenditures for property and equipment	(12,048)	(6,406)
Other investing activities, net	445	(505)
Net cash used in investing activities	(44,435)	(17,169)
Cash flows from financing activities:
Repurchase of shares	0	(60,077)
Payments of taxes withheld upon vesting of employee stock awards	(2,054)	(3,482)
Other financing activities, net	(664)	(1,673)
Net cash used in financing activities	(2,718)	(65,232)
Net decrease in cash, cash equivalents, and restricted cash	(28,381)	(60,579)
Cash, cash equivalents, and restricted cash, beginning of period	371,457	503,366
Cash, cash equivalents, and restricted cash, end of period	$ 343,076	$ 442,787

DESCRIPTION OF BUSINESS

DESCRIPTION OF BUSINESS	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS	1. DESCRIPTION OF BUSINESS Overstock.com, Inc. is a leading online furniture and home furnishings retailer and technology-focused innovator that sells products at a smart value. Overstock.com owns the Bed Bath & Beyond brand and other intellectual property related to the brand. Our 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, www.bedbathandbeyond.ca, and www.overstockgovernment.com and the Company's mobile app.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2023
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, 2022. 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, 2022. The accompanying unaudited consolidated financial statements include our accounts and the accounts of our wholly-owned subsidiaries and 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. All intercompany account balances and transactions have been eliminated in consolidation. The results of operations for the three and six months ended June 30, 2023 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. 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, inventory valuation, depreciable lives, equity and debt securities valuation, income taxes, stock-based compensation, performance-based compensation, self-funded health insurance liabilities, and contingencies. Although these estimates are based on our best knowledge of current events and actions that we may undertake in the future, our accounting of these 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. Available-for-sale debt securities During the six months ended June 30, 2023, we invested $10.0 million in GrainChain, Inc. in the form of a convertible promissory note (the "Note"). The Note bears interest at an annual interest rate of 5% and accrued interest is recorded in Interest income (expense), net in our consolidated statements of operations. The Note has a maturity date of January 3, 2025 at which time the outstanding principal and any unpaid accrued interest will automatically convert into shares of a newly created series of preferred stock issued by GrainChain, Inc. unless converted earlier under limited circumstances. The carrying amount of the Note, including accrued interest, was $10.2 million at June 30, 2023, which is included in Other long-term assets, net on our consolidated balance sheets. Based on the nature of our indirect ownership interests in GrainChain, Inc. through Medici Ventures, L.P. and the extent of our contributed capital, we held a variable interest in GrainChain, Inc., which meets the definition of a variable interest entity; however, we are not the primary beneficiary of this entity for purposes of consolidation as we do not have the power (either explicit or implicit), through voting rights or otherwise, to direct the activities of GrainChain, Inc. that most significantly impact its economic performance. Our maximum exposure to loss in this variable interest entity totaled $27.6 million as of June 30, 2023, representing our direct and indirect interest in GrainChain, Inc. Intangible assets other than goodwill We capitalize and amortize intangible assets other than goodwill over their estimated useful lives unless such lives are indefinite. Intangible assets other than goodwill acquired separately from third-parties are capitalized at cost, including any related direct acquisition costs, while such assets acquired as part of a business combination are capitalized at their acquisition-date fair value. Indefinite-lived intangible assets are tested for impairment annually or more frequently when events or circumstances indicate that the carrying value more likely than not exceeds its fair value. In addition, we routinely evaluate the remaining useful life of intangible assets not being amortized to determine whether events or circumstances continue to support an indefinite useful life, including any legal, regulatory, contractual, competitive, economic, or other factors that may limit their useful lives. Definite lived intangible assets are amortized using the straight-line method of amortization over their useful lives, with the exception of certain intangibles (such as acquired customer lists) which are amortized using an accelerated method of amortization based on estimated customer attrition rates. These definite lived intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable.

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENT	3. 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 June 30, 2023 Total Level 1 Level 2 Level 3 Assets: Cash equivalents—Money market funds $ 258,258 $ 258,258 $ — $ — Equity securities, at fair value 38,400 15 — 38,385 Available-for-sale debt securities (1) 10,232 — — 10,232 Trading securities held in a "rabbi trust" (1) 443 443 — — Total assets $ 307,333 $ 258,716 $ — $ 48,617 Liabilities: Deferred compensation accrual "rabbi trust" (2) $ 460 $ 460 $ — $ — Total liabilities $ 460 $ 460 $ — $ — Fair Value Measurements at December 31, 2022 Total Level 1 Level 2 Level 3 Assets: Cash equivalents—Money market funds $ 252,650 $ 252,650 $ — $ — Equity securities, at fair value 82,823 36 — 82,787 Trading securities held in a "rabbi trust" (1) 399 399 — — Total assets $ 335,872 $ 253,085 $ — $ 82,787 Liabilities: Deferred compensation accrual "rabbi trust" (2) $ 396 $ 396 $ — $ — Total liabilities $ 396 $ 396 $ — $ — ___________________________________________ (1) Included in Other long-term assets, net in the consolidated balance sheets. (2) 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, 2021 $ 102,355 Increase due to purchases of Level 3 investments 18,920 Decrease in fair value of Level 3 investments (38,488) Level 3 investments at December 31, 2022 82,787 Increase due to purchases of Level 3 investments 10,000 Decrease in fair value of Level 3 investments (44,402) Accrued interest on Level 3 investments 232 Level 3 investments at June 30, 2023 $ 48,617

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment, Net [Abstract]
PROPERTY AND EQUIPMENT, NET	4. PROPERTY AND EQUIPMENT, NET Property and equipment, net consist of the following (in thousands): June 30, December 31, Computer hardware and software, including internal-use software and website development $ 246,369 $ 240,148 Building 69,356 69,350 Land 12,781 12,781 Furniture and equipment 13,329 12,642 Building machinery and equipment 9,791 9,791 Land improvements 7,060 7,060 Leasehold improvements 2,823 2,904 361,509 354,676 Less: accumulated depreciation (251,560) (244,770) Total property and equipment, net $ 109,949 $ 109,906 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 Six months ended 2023 2022 2023 2022 Capitalized internal-use software and website development $ 4,234 $ 2,343 $ 6,281 $ 4,112 Depreciation of internal-use software and website development 1,645 1,555 4,715 3,281 Depreciation expense is classified within the corresponding operating expense categories on our consolidated statements of operations as follows (in thousands): Three months ended Six months ended 2023 2022 2023 2022 Cost of goods sold $ 206 $ 171 $ 440 $ 338 Technology 3,286 2,946 7,990 6,146 General and administrative 1,021 913 2,063 1,832 Total depreciation $ 4,513 $ 4,030 $ 10,493 $ 8,316

INTANGIBLE ASSETS, NET

INTANGIBLE ASSETS, NET	6 Months Ended
	Jun. 30, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]
INTANGIBLE ASSETS, NET	5. INTANGIBLE ASSETS, NET On June 12, 2023, we entered into an Asset Purchase Agreement with Bed Bath & Beyond Inc. ("BBBY"), and certain subsidiaries, to acquire certain intellectual property assets of the Bed Bath & Beyond banner from BBBY. On June 27, 2023, under a Bankruptcy Court supervised process, the U.S. Bankruptcy Court for the District of New Jersey approved the sale of the assets to the Company and on June 28, 2023, BBBY delivered all intellectual property assets via an Intellectual Property Assignment Agreement. The total purchase price, inclusive of direct acquisition-related expenses totaled $25.6 million which has been allocated to two major asset categories consisting of $21.8 million for trade names with an indefinite useful life and $3.8 million for customers lists with an estimated useful life of five years. Intangible assets, net consist of the following (in thousands): June 30, December 31, Intangible assets subject to amortization, gross (1) $ 5,331 $ 1,552 Less: accumulated amortization of intangible assets (1,551) (1,543) Intangible assets subject to amortization, net 3,780 9 Intangible assets not subject to amortization 21,803 — Total intangible assets, net $ 25,583 $ 9 ___________________________________________ (1) At June 30, 2023, the weighted average remaining useful life for intangible assets subject to amortization, gross was 5.0 years.

EQUITY SECURITIES

EQUITY SECURITIES	6 Months Ended
	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
EQUITY SECURITIES	6. EQUITY SECURITIES Equity securities consist of the following (in thousands): June 30, December 31, Equity securities accounted for under the equity method under ASC 323 $ 170,076 $ 213,494 Equity securities accounted for under the equity method under the fair value option 38,385 82,787 Equity securities under ASC 321 15 36 Total equity securities $ 208,476 $ 296,317 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. The following table includes our equity securities accounted for under the equity method and related ownership interest as of June 30, 2023: Ownership Medici Ventures, L.P. 99% tZERO Group, Inc. 28% SpeedRoute, LLC 49% The carrying amount of our equity method securities was $208.5 million at June 30, 2023, which is included in Equity securities on our consolidated balance sheets, of which $38.4 million is valued under the fair value option (tZERO and SpeedRoute). For our investments in Medici Ventures, 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 and the amount of underlying equity we have in the entity's net assets. The following table summarizes the net loss recognized on equity method securities recorded in Other expense, net in our consolidated statements of operations (in thousands): Three months ended Six months ended 2023 2022 2023 2022 Net loss recognized on our proportionate share of the net assets of our equity method securities $ (36,237) $ (2,284) $ (43,418) $ (3,748) Increase (decrease) in fair value of equity method securities held under fair value option (44,402) — (44,402) 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. The following is the unaudited summarized financial information for those equity method securities that met the significance criteria for the period ended June 30, 2023 (in thousands): Three months ended Six months ended 2023 2022 2023 2022 Results of Operations Revenues $ 266 $ 820 $ 764 $ 1,560 Pre-tax loss (3,088) (8,067) (8,295) (13,447) Net loss (3,111) (8,816) (8,435) (13,196)

BORROWINGS

BORROWINGS	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
BORROWINGS	7. BORROWINGS 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 June 30, 2023, the total outstanding debt on these loans was $36.2 million, net of $355,000 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 $2.0 million.

LEASES

LEASES	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Leases	8. LEASES We have operating leases for warehouses, office space, and data centers. Our leases have remaining lease terms of one year to four 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 Six months ended 2023 2022 2023 2022 Operating lease cost $ 1,492 $ 1,569 $ 2,898 $ 3,078 Variable lease cost 383 264 747 762 The following table provides a summary of other information related to leases (in thousands): Six months ended 2023 2022 Cash payments included in operating cash flows from lease arrangements $ 3,023 $ 3,159 The following table provides supplemental balance sheet information related to leases: June 30, December 31, Weighted-average remaining lease term—operating leases 1.87 years 2.04 years Weighted-average discount rate—operating leases 7 % 7 % Maturity of lease liabilities under our non-cancellable operating leases as of June 30, 2023, are as follows (in thousands): Payments due by period Amount 2023 (Remainder) $ 1,951 2024 2,880 2025 689 2026 250 2027 83 Thereafter — Total lease payments 5,853 Less interest 426 Present value of lease liabilities $ 5,427

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2023
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. The United States District Court of Utah granted the plaintiffs' motion to amend their complaint on January 6, 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. We are awaiting a ruling from the Tenth Circuit that heard oral argument on the appeal on February 9, 2023. 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. We establish liabilities when a particular contingency is probable and estimable. At June 30, 2023 and December 31, 2022, our established liabilities were not material.

INDEMNIFICATIONS AND GUARANTEES

INDEMNIFICATIONS AND GUARANTEES	6 Months Ended
	Jun. 30, 2023
Guarantees and Product Warranties [Abstract]
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	6 Months Ended
	Jun. 30, 2023
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 conversion Following the June 10, 2022 conversion of all outstanding Series A-1 and Series B preferred stock into shares of our common stock, the Company eliminated the Series A-1 and Series B preferred stock class by filing Certificates of Elimination with the Delaware Secretary of State. JonesTrading Sales Agreement Our "at the market" sales agreement with JonesTrading Institutional Services LLC and D.A. Davidson & Co. remains active; however, the authorization from our Board of Directors to sell shares of our common stock pursuant to the "at the market" sales program has expired. During the six months ended June 30, 2023 and 2022, we did not sell any shares of our common stock pursuant to the "at the market" sales program. Stock Repurchase Program During the three and six months ended June 30, 2023, we did not repurchase any shares of our common stock under our stock repurchase program. During the three months ended June 30, 2022, we repurchased $34.9 million of our common stock and $50,000 of our Series A-1 preferred stock under the stock repurchase program at average prices of $30.69 and $31.30 per share, respectively. During the six months ended June 30, 2022, we repurchased $59.8 million of our common stock and $306,000 of our Series A-1 preferred stock under the stock repurchase program at average prices of $36.16 and $42.16 per share, respectively. During the six months ended June 30, 2022, we retired 7,244 shares of our Series A-1 preferred stock treasury stock which had been previously repurchased under the stock repurchase program. The retirement increased Accumulated deficit by $306,000. As of June 30, 2023, we had $19.9 million available for future share repurchases under our current repurchase authorization through December 31, 2023.

STOCK-BASED AWARDS

STOCK-BASED AWARDS	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
STOCK-BASED AWARDS	12. STOCK-BASED AWARDS Stock-based compensation expense is classified within the corresponding operating expense categories on our consolidated statements of operations as follows (in thousands): Three months ended Six months ended 2023 2022 2023 2022 Cost of goods sold $ 11 $ 13 $ 30 $ 67 Sales and marketing 238 245 428 590 Technology 2,609 1,942 5,031 3,782 General and administrative 3,412 2,495 6,576 4,895 Total stock-based compensation $ 6,270 $ 4,695 $ 12,065 $ 9,334 Overstock restricted stock awards The Overstock.com, Inc. Amended and Restated 2005 Equity Incentive Plan provides for the grant of restricted stock units to employees and directors of the Company 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 following table summarizes restricted stock award activity (in thousands, except per share data): Six months ended Units Weighted Outstanding—beginning of year 781 $ 50.17 Granted at fair value 1,058 20.87 Vested (285) 43.07 Forfeited (87) 37.60 Outstanding—end of period 1,467 $ 31.18 Employee Stock Purchase Plan Purchases under the Overstock.com, Inc. 2021 Employee Stock Purchase Plan (the "ESPP") during the six months ended June 30, 2023 and 2022 were 68,011 shares and 41,918 shares, respectively, at an average purchase price per share of $16.46 and $48.37, respectively. At June 30, 2023, approximately 2.8 million shares of common stock remained available under the ESPP.

REVENUE AND CONTRACT LIABILITY

REVENUE AND CONTRACT LIABILITY	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
REVENUE AND CONTRACT LIABILITY	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, 2021 $ 59,387 Increase due to deferral of revenue at period end, net 32,993 Decrease due to beginning contract liabilities recognized as revenue (47,900) Unearned revenue at December 31, 2022 44,480 Increase due to deferral of revenue at period end, net 25,248 Decrease due to beginning contract liabilities recognized as revenue (26,349) Unearned revenue at June 30, 2023 $ 43,379 Our total unearned revenue related to outstanding Club O Reward dollars was $10.5 million and $10.9 million at June 30, 2023 and December 31, 2022, respectively. Breakage income related to Club O Reward dollars and gift cards is recognized in Net revenue in our consolidated statements of operations. Breakage included in revenue was $1.0 million and $1.1 million for the three months ended June 30, 2023 and 2022, respectively, and $1.9 million and $2.2 million for the six months ended June 30, 2023 and 2022, respectively. 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, 2021 $ 13,923 Additions to the allowance 161,492 Deductions from the allowance (165,193) Allowance for returns at December 31, 2022 10,222 Additions to the allowance 66,298 Deductions from the allowance (65,227) Allowance for returns at June 30, 2023 $ 11,293

NET INCOME (LOSS) PER SHARE

NET INCOME (LOSS) PER SHARE	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
NET INCOME (LOSS) PER SHARE	14. NET INCOME (LOSS) PER SHARE The following table sets forth the computation of basic and diluted net income (loss) per common share for the periods indicated (in thousands, except per share data): Three months ended Six months ended 2023 2022 2023 2022 Numerator: Net income (loss) $ (73,493) $ 7,147 $ (83,800) $ 17,270 Less: Preferred stock dividends—issued — 1,697 — 1,697 Undistributed income (loss) (73,493) 5,450 (83,800) 15,573 Less: Undistributed income (loss) allocated to participating securities — 410 — 1,332 Net income (loss) attributable to common stockholders $ (73,493) $ 5,040 $ (83,800) $ 14,241 Denominator: Weighted average shares of common stock outstanding—basic 45,200 43,072 45,134 43,062 Effect of dilutive securities: Restricted stock awards — 87 — 159 Weighted average shares of common stock outstanding—diluted 45,200 43,159 45,134 43,221 Net income (loss) per share of common stock: Basic $ (1.63) $ 0.12 $ (1.86) $ 0.33 Diluted $ (1.63) $ 0.12 $ (1.86) $ 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 Six months ended 2023 2022 2023 2022 Restricted stock units 1,467 689 1,467 597 Employee stock purchase plan 110 101 110 83

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net income (loss)	$ (73,493)	$ 7,147	$ (83,800)	$ 17,270

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2023
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, 2022. 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, 2022. The accompanying unaudited consolidated financial statements include our accounts and the accounts of our wholly-owned subsidiaries and 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. All intercompany account balances and transactions have been eliminated in consolidation. The results of operations for the three and six months ended June 30, 2023 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.
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, inventory valuation, depreciable lives, equity and debt securities valuation, income taxes, stock-based compensation, performance-based compensation, self-funded health insurance liabilities, and contingencies. Although these estimates are based on our best knowledge of current events and actions that we may undertake in the future, our accounting of these 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.
Intangible assets other than goodwill	Intangible assets other than goodwill We capitalize and amortize intangible assets other than goodwill over their estimated useful lives unless such lives are indefinite. Intangible assets other than goodwill acquired separately from third-parties are capitalized at cost, including any related direct acquisition costs, while such assets acquired as part of a business combination are capitalized at their acquisition-date fair value. Indefinite-lived intangible assets are tested for impairment annually or more frequently when events or circumstances indicate that the carrying value more likely than not exceeds its fair value. In addition, we routinely evaluate the remaining useful life of intangible assets not being amortized to determine whether events or circumstances continue to support an indefinite useful life, including any legal, regulatory, contractual, competitive, economic, or other factors that may limit their useful lives. Definite lived intangible assets are amortized using the straight-line method of amortization over their useful lives, with the exception of certain intangibles (such as acquired customer lists) which are amortized using an accelerated method of amortization based on estimated customer attrition rates. These definite lived intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable.

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	6 Months Ended
	Jun. 30, 2023
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 June 30, 2023 Total Level 1 Level 2 Level 3 Assets: Cash equivalents—Money market funds $ 258,258 $ 258,258 $ — $ — Equity securities, at fair value 38,400 15 — 38,385 Available-for-sale debt securities (1) 10,232 — — 10,232 Trading securities held in a "rabbi trust" (1) 443 443 — — Total assets $ 307,333 $ 258,716 $ — $ 48,617 Liabilities: Deferred compensation accrual "rabbi trust" (2) $ 460 $ 460 $ — $ — Total liabilities $ 460 $ 460 $ — $ — Fair Value Measurements at December 31, 2022 Total Level 1 Level 2 Level 3 Assets: Cash equivalents—Money market funds $ 252,650 $ 252,650 $ — $ — Equity securities, at fair value 82,823 36 — 82,787 Trading securities held in a "rabbi trust" (1) 399 399 — — Total assets $ 335,872 $ 253,085 $ — $ 82,787 Liabilities: Deferred compensation accrual "rabbi trust" (2) $ 396 $ 396 $ — $ — Total liabilities $ 396 $ 396 $ — $ — ___________________________________________ (1) Included in Other long-term assets, net in the consolidated balance sheets. (2) 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, 2021 $ 102,355 Increase due to purchases of Level 3 investments 18,920 Decrease in fair value of Level 3 investments (38,488) Level 3 investments at December 31, 2022 82,787 Increase due to purchases of Level 3 investments 10,000 Decrease in fair value of Level 3 investments (44,402) Accrued interest on Level 3 investments 232 Level 3 investments at June 30, 2023 $ 48,617

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment, Net [Abstract]
Property, Plant and Equipment	Property and equipment, net consist of the following (in thousands): June 30, December 31, Computer hardware and software, including internal-use software and website development $ 246,369 $ 240,148 Building 69,356 69,350 Land 12,781 12,781 Furniture and equipment 13,329 12,642 Building machinery and equipment 9,791 9,791 Land improvements 7,060 7,060 Leasehold improvements 2,823 2,904 361,509 354,676 Less: accumulated depreciation (251,560) (244,770) Total property and equipment, net $ 109,949 $ 109,906
Capitalization of Internal Costs, Policy	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 Six months ended 2023 2022 2023 2022 Capitalized internal-use software and website development $ 4,234 $ 2,343 $ 6,281 $ 4,112 Depreciation of internal-use software and website development 1,645 1,555 4,715 3,281
Schedule of Depreciation and Amortization by Operating Expense Category	Depreciation expense is classified within the corresponding operating expense categories on our consolidated statements of operations as follows (in thousands): Three months ended Six months ended 2023 2022 2023 2022 Cost of goods sold $ 206 $ 171 $ 440 $ 338 Technology 3,286 2,946 7,990 6,146 General and administrative 1,021 913 2,063 1,832 Total depreciation $ 4,513 $ 4,030 $ 10,493 $ 8,316

INTANGIBLES ASSETS, NET (Tables

INTANGIBLES ASSETS, NET (Tables)	6 Months Ended
	Jun. 30, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Schedule of Finite-Lived Intangible Assets	Intangible assets, net consist of the following (in thousands): June 30, December 31, Intangible assets subject to amortization, gross (1) $ 5,331 $ 1,552 Less: accumulated amortization of intangible assets (1,551) (1,543) Intangible assets subject to amortization, net 3,780 9 Intangible assets not subject to amortization 21,803 — Total intangible assets, net $ 25,583 $ 9 ___________________________________________ (1) At June 30, 2023, the weighted average remaining useful life for intangible assets subject to amortization, gross was 5.0 years.
Schedule of Indefinite-Lived Intangible Assets	Intangible assets, net consist of the following (in thousands): June 30, December 31, Intangible assets subject to amortization, gross (1) $ 5,331 $ 1,552 Less: accumulated amortization of intangible assets (1,551) (1,543) Intangible assets subject to amortization, net 3,780 9 Intangible assets not subject to amortization 21,803 — Total intangible assets, net $ 25,583 $ 9 ___________________________________________ (1) At June 30, 2023, the weighted average remaining useful life for intangible assets subject to amortization, gross was 5.0 years.

EQUITY SECURITIES (Tables)

EQUITY SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Equity Securities	Equity securities consist of the following (in thousands): June 30, December 31, Equity securities accounted for under the equity method under ASC 323 $ 170,076 $ 213,494 Equity securities accounted for under the equity method under the fair value option 38,385 82,787 Equity securities under ASC 321 15 36 Total equity securities $ 208,476 $ 296,317
Equity Securities Ownership Interest	The following table includes our equity securities accounted for under the equity method and related ownership interest as of June 30, 2023: Ownership Medici Ventures, L.P. 99% tZERO Group, Inc. 28% SpeedRoute, LLC 49%
Equity Method Investments	The following table summarizes the net loss recognized on equity method securities recorded in Other expense, net in our consolidated statements of operations (in thousands): Three months ended Six months ended 2023 2022 2023 2022 Net loss recognized on our proportionate share of the net assets of our equity method securities $ (36,237) $ (2,284) $ (43,418) $ (3,748) Increase (decrease) in fair value of equity method securities held under fair value option (44,402) — (44,402) 1,165
Equity Method Investments, Summarized Financial Information	The following is the unaudited summarized financial information for those equity method securities that met the significance criteria for the period ended June 30, 2023 (in thousands): Three months ended Six months ended 2023 2022 2023 2022 Results of Operations Revenues $ 266 $ 820 $ 764 $ 1,560 Pre-tax loss (3,088) (8,067) (8,295) (13,447) Net loss (3,111) (8,816) (8,435) (13,196)

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2023
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 Six months ended 2023 2022 2023 2022 Operating lease cost $ 1,492 $ 1,569 $ 2,898 $ 3,078 Variable lease cost 383 264 747 762
Other Lease Information	The following table provides a summary of other information related to leases (in thousands): Six months ended 2023 2022 Cash payments included in operating cash flows from lease arrangements $ 3,023 $ 3,159
Leases, Additional Financial Information	The following table provides supplemental balance sheet information related to leases: June 30, December 31, Weighted-average remaining lease term—operating leases 1.87 years 2.04 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 June 30, 2023, are as follows (in thousands): Payments due by period Amount 2023 (Remainder) $ 1,951 2024 2,880 2025 689 2026 250 2027 83 Thereafter — Total lease payments 5,853 Less interest 426 Present value of lease liabilities $ 5,427

STOCK-BASED AWARDS (Tables)

STOCK-BASED AWARDS (Tables)	6 Months Ended
	Jun. 30, 2023
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 operations as follows (in thousands): Three months ended Six months ended 2023 2022 2023 2022 Cost of goods sold $ 11 $ 13 $ 30 $ 67 Sales and marketing 238 245 428 590 Technology 2,609 1,942 5,031 3,782 General and administrative 3,412 2,495 6,576 4,895 Total stock-based compensation $ 6,270 $ 4,695 $ 12,065 $ 9,334
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity	The following table summarizes restricted stock award activity (in thousands, except per share data): Six months ended Units Weighted Outstanding—beginning of year 781 $ 50.17 Granted at fair value 1,058 20.87 Vested (285) 43.07 Forfeited (87) 37.60 Outstanding—end of period 1,467 $ 31.18

REVENUE AND CONTRACT LIABILITY

REVENUE AND CONTRACT LIABILITY (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Deferred Revenues	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, 2021 $ 59,387 Increase due to deferral of revenue at period end, net 32,993 Decrease due to beginning contract liabilities recognized as revenue (47,900) Unearned revenue at December 31, 2022 44,480 Increase due to deferral of revenue at period end, net 25,248 Decrease due to beginning contract liabilities recognized as revenue (26,349) Unearned revenue at June 30, 2023 $ 43,379
Schedule of Sales Returns, Reserve For Sales Returns	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, 2021 $ 13,923 Additions to the allowance 161,492 Deductions from the allowance (165,193) Allowance for returns at December 31, 2022 10,222 Additions to the allowance 66,298 Deductions from the allowance (65,227) Allowance for returns at June 30, 2023 $ 11,293

NET INCOME (LOSS) PER SHARE (Ta

NET INCOME (LOSS) PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth the computation of basic and diluted net income (loss) per common share for the periods indicated (in thousands, except per share data): Three months ended Six months ended 2023 2022 2023 2022 Numerator: Net income (loss) $ (73,493) $ 7,147 $ (83,800) $ 17,270 Less: Preferred stock dividends—issued — 1,697 — 1,697 Undistributed income (loss) (73,493) 5,450 (83,800) 15,573 Less: Undistributed income (loss) allocated to participating securities — 410 — 1,332 Net income (loss) attributable to common stockholders $ (73,493) $ 5,040 $ (83,800) $ 14,241 Denominator: Weighted average shares of common stock outstanding—basic 45,200 43,072 45,134 43,062 Effect of dilutive securities: Restricted stock awards — 87 — 159 Weighted average shares of common stock outstanding—diluted 45,200 43,159 45,134 43,221 Net income (loss) per share of common stock: Basic $ (1.63) $ 0.12 $ (1.86) $ 0.33 Diluted $ (1.63) $ 0.12 $ (1.86) $ 0.33
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	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 Six months ended 2023 2022 2023 2022 Restricted stock units 1,467 689 1,467 597 Employee stock purchase plan 110 101 110 83

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) $ in Millions	Jun. 30, 2023 USD ($)
Debt Instrument [Line Items]
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	$ 27.6
GrainChain, Inc. Convertible Promissory Note Due 2025 | Convertible Debt
Debt Instrument [Line Items]
Debt instrument, face amount	$ 10
Annual interest rate	5%
Carrying amount	$ 10.2

FAIR VALUE MEASUREMENT - Assets

FAIR VALUE MEASUREMENT - Assets and Liabilities Measured At Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Assets:
Cash equivalents—Money market funds	$ 258,258	$ 252,650
Equity securities, at fair value	38,400	82,823
Available-for-sale debt securities	10,232
Trading securities held in a "rabbi trust"	443	399
Total assets	307,333	335,872
Liabilities:
Deferred compensation accrual "rabbi trust"	460	396
Total liabilities	460	396
Level 1
Assets:
Cash equivalents—Money market funds	258,258	252,650
Equity securities, at fair value	15	36
Available-for-sale debt securities	0
Trading securities held in a "rabbi trust"	443	399
Total assets	258,716	253,085
Liabilities:
Deferred compensation accrual "rabbi trust"	460	396
Total liabilities	460	396
Level 2
Assets:
Cash equivalents—Money market funds	0	0
Equity securities, at fair value	0	0
Available-for-sale debt securities	0
Trading securities held in a "rabbi trust"	0	0
Total assets	0	0
Liabilities:
Deferred compensation accrual "rabbi trust"	0	0
Total liabilities	0	0
Level 3
Assets:
Cash equivalents—Money market funds	0	0
Equity securities, at fair value	38,385	82,787
Available-for-sale debt securities	10,232
Trading securities held in a "rabbi trust"	0	0
Total assets	48,617	82,787
Liabilities:
Deferred compensation accrual "rabbi trust"	0	0
Total liabilities	$ 0	$ 0

FAIR VALUE MEASUREMENT - Level

FAIR VALUE MEASUREMENT - Level 3 Investment Activity (Details) - Level 3 - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Level 3 investments	$ 48,617	$ 82,787	$ 102,355
Increase due to purchases of Level 3 investments	10,000	18,920
Decrease in fair value of Level 3 investments	(44,402)	$ (38,488)
Accrued interest on Level 3 investments	$ 232

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 361,509	$ 354,676
Less: accumulated depreciation	(251,560)	(244,770)
Total property and equipment, net	109,949	109,906
Computer hardware and software, including internal-use software and website development
Property, Plant and Equipment [Line Items]
Property and equipment, gross	246,369	240,148
Building
Property, Plant and Equipment [Line Items]
Property and equipment, gross	69,356	69,350
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	12,781	12,781
Furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	13,329	12,642
Building machinery and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	9,791	9,791
Land improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	7,060	7,060
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,823	$ 2,904

PROPERTY AND EQUIPMENT, NET - C

PROPERTY AND EQUIPMENT, NET - Capitalized Software & Website Development (Details) - Software Development - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Property, Plant and Equipment [Line Items]
Capitalized internal-use software and website development	$ 4,234	$ 2,343	$ 6,281	$ 4,112
Depreciation of internal-use software and website development	$ 1,645	$ 1,555	$ 4,715	$ 3,281

PROPERTY AND EQUIPMENT, NET - D

PROPERTY AND EQUIPMENT, NET - Depreciation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Property, Plant and Equipment [Line Items]
Total depreciation	$ 4,513	$ 4,030	$ 10,493	$ 8,316
Cost of goods sold
Property, Plant and Equipment [Line Items]
Total depreciation	206	171	440	338
Technology
Property, Plant and Equipment [Line Items]
Total depreciation	3,286	2,946	7,990	6,146
General and administrative
Property, Plant and Equipment [Line Items]
Total depreciation	$ 1,021	$ 913	$ 2,063	$ 1,832

INTANGIBLE ASSETS, NET - Narrat

INTANGIBLE ASSETS, NET - Narrative (Details) $ in Thousands	Jun. 28, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Purchase price of intangible assets, including direct acquisition related costs	$ 25,600
Trade Names
Indefinite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets acquired	21,800
Customer Lists
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 3,800
Finite-lived intangible assets, useful life	5 years

INTANGIBLE ASSETS, NET - Schedu

INTANGIBLE ASSETS, NET - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible assets subject to amortization, gross	$ 5,331	$ 1,552
Less: accumulated amortization of intangible assets	(1,551)	(1,543)
Intangible assets subject to amortization, net	3,780	9
Intangible assets not subject to amortization	21,803	0
Intangible assets, net	$ 25,583	$ 9
Weighted average remaining useful life (in years)	5 years

EQUITY SECURITIES - Summary Of

EQUITY SECURITIES - Summary Of Equity Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Schedule of Equity Securities [Line Items]
Equity securities accounted for under the equity method under ASC 323	$ 170,076	$ 213,494
Equity securities accounted for under the equity method under the fair value option	38,400	82,823
Total equity securities	208,476	296,317
Fair Value, Recurring
Schedule of Equity Securities [Line Items]
Equity securities accounted for under the equity method under the fair value option	38,400
Level 3
Schedule of Equity Securities [Line Items]
Equity securities accounted for under the equity method under the fair value option	38,385	82,787
Level 1
Schedule of Equity Securities [Line Items]
Equity securities accounted for under the equity method under the fair value option	$ 15	$ 36

EQUITY SECURITIES (Details) - A

EQUITY SECURITIES (Details) - Additional Information (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Total equity securities	$ 208,476	$ 296,317
Equity securities, at fair value	38,400	$ 82,823
Fair Value, Recurring
Schedule of Equity Method Investments [Line Items]
Equity securities, at fair value	$ 38,400

EQUITY SECURITIES - Equity Secu

EQUITY SECURITIES - Equity Securities Accounted Under ASC 323 And Ownership Interest (Details) - Overstock.com, Inc.	6 Months Ended
	Jun. 30, 2023
Medici Ventures, L.P.
Schedule of Equity Method Investments [Line Items]
Limited Liability Company or Limited Partnership, Members or Limited Partners, Ownership Interest	99%
tZero.com, Inc.
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	28%
SpeedRoute
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	49%

EQUITY SECURITIES - Net Gain (L

EQUITY SECURITIES - Net Gain (Loss) Recognized On Equity Method Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Net loss recognized on our proportionate share of the net assets of our equity method securities	$ (36,237)	$ (2,284)	$ (43,418)	$ (3,748)
Increase (decrease) in fair value of equity method securities held under fair value option	$ (44,402)	$ 0	$ (44,402)	$ 1,165

EQUITY SECURITIES - Summarized

EQUITY SECURITIES - Summarized Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Results of Operations
Pre-tax loss	$ (81,863)	$ 9,676	$ (95,057)	$ 21,891
Net loss	(73,493)	7,147	(83,800)	17,270
tZero.com, Inc.
Results of Operations
Revenues	266	820	764	1,560
Pre-tax loss	(3,088)	(8,067)	(8,295)	(13,447)
Net loss	$ (3,111)	$ (8,816)	$ (8,435)	$ (13,196)

BORROWINGS (Details)

BORROWINGS (Details) - USD ($) $ in Thousands	Mar. 06, 2020	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term debt, net		$ 34,219	$ 34,476
Senior Notes
Debt Instrument [Line Items]
Minimum net work 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
Loan Core Capital Funding Corporation
Debt Instrument [Line Items]
Senior & Mezzanine Note Total Outstanding		36,200
Debt issuance costs		355
Senior & Mezzanine Note Current liabilities		$ 2,000
Loan Core Capital Funding Corporation | Senior Notes
Debt Instrument [Line Items]
Long-term debt, net	$ 34,500
Annual interest rate	4.242%
Term (in years)	10 years
Loan Core Capital Funding Corporation | Mezzanine Note
Debt Instrument [Line Items]
Long-term debt, net	$ 13,000
Annual interest rate	5.002%
Term (in years)	10 years
Principal and interest only payments	46 months
Loan Core Capital Funding Corporation | Senior and Mezzanine Blended Rate
Debt Instrument [Line Items]
Annual interest rate	4.45%

LEASES - Additional Information

LEASES - Additional Information (Details)	Jun. 30, 2023
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term (in years)	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term (in years)	4 years

LEASES - Components of Lease Ex

LEASES - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Lease, Cost [Abstract]
Operating lease cost	$ 1,492	$ 1,569	$ 2,898	$ 3,078
Variable lease cost	$ 383	$ 264	$ 747	$ 762

LEASES - Other Information Rela

LEASES - Other Information Related To Leases (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Cash payments included in operating cash flows from lease arrangements	$ 3,023	$ 3,159

LEASES - Supplemental Balance S

LEASES - Supplemental Balance Sheet Information (Details)	Jun. 30, 2023	Dec. 31, 2022
Leases [Abstract]
Weighted-average remaining lease term—operating leases	1 year 10 months 13 days	2 years 14 days
Weighted-average discount rate—operating leases	7%	7%

LEASES - Operating Lease Maturi

LEASES - Operating Lease Maturities and Future Minimum Payments (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Lessee, Operating Lease, Liability, to be Paid, Fiscal Year Maturity
2023 (Remainder)	$ 1,951
2024	2,880
2025	689
2026	250
2027	83
Thereafter	0
Total lease payments	5,853
Less interest	426
Present value of lease liabilities	$ 5,427

STOCKHOLDERS' EQUITY - Common S

STOCKHOLDERS' EQUITY - Common Stock (Details)	Jun. 30, 2023 vote
Equity [Abstract]
Common stock, number of votes	1

STOCKHOLDERS' EQUITY - JonesTra

STOCKHOLDERS' EQUITY - JonesTrading Agreements (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Equity [Abstract]
Proceeds from issuance of common stock	$ 0	$ 0

STOCKHOLDERS' EQUITY - Stock Re

STOCKHOLDERS' EQUITY - Stock Repurchase Program (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Class of Stock [Line Items]
Remaining authorized repurchase amount	$ 19,900,000		$ 19,900,000
Accumulated deficit
Class of Stock [Line Items]
Treasury stock, retired, cost method, amount				$ 306,000
Common Stock
Class of Stock [Line Items]
Payments for repurchase of common stock	$ 0	$ 34,900,000	$ 0	$ 59,800,000
Average price per share of shares repurchased (in dollars per share)		$ 30.69		$ 36.16
Series A-1 Preferred Stock
Class of Stock [Line Items]
Payments for repurchase of preferred stock and preference stock		$ 50,000		$ 306,000
Average price per share of shares repurchased (in dollars per share)		$ 31.30		$ 42.16
Retired treasury stock (in shares)				7,244

STOCK-BASED AWARDS - Stock-base

STOCK-BASED AWARDS - Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation	$ 6,270	$ 4,695	$ 12,065	$ 9,334
Cost of goods sold
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation	11	13	30	67
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation	238	245	428	590
Technology
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation	2,609	1,942	5,031	3,782
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation	$ 3,412	$ 2,495	$ 6,576	$ 4,895

STOCK-BASED AWARDS - Additional

STOCK-BASED AWARDS - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Stock-Based Awards
Stock issued during period, employee stock purchase plan (in shares)			68,011	41,918
Average price per share (in dollars per share)			$ 16.46	$ 48.37
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%
Employee Stock
Stock-Based Awards
Number of shares available under plan (in shares)	2,800,000		2,800,000
Employee benefits and share-based compensation	$ 515	$ 610	$ 1,100	$ 1,200

STOCK-BASED AWARDS - Restricted

STOCK-BASED AWARDS - Restricted Stock Activity (Details) - Restricted Stock Awards shares in Thousands	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Units
Outstanding-beginning of year (in shares) | shares	781
Granted at fair value (in shares) | shares	1,058
Vested (in shares) | shares	(285)
Forfeited (in shares) | shares	(87)
Outstanding-end of period (in shares) | shares	1,467
Weighted Average Grant Date Fair Value
Outstanding-beginning of year (in dollars per share) | $ / shares	$ 50.17
Granted at fair value (in dollars per share) | $ / shares	20.87
Vested (in dollars per share) | $ / shares	43.07
Forfeited (in dollars per share) | $ / shares	37.60
Outstanding-end of period (in dollars per share) | $ / shares	$ 31.18

REVENUE AND CONTRACT LIABILIT_2

REVENUE AND CONTRACT LIABILITY - Deferred Revenue (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Unearned revenue	$ 43,379	$ 44,480	$ 59,387
Increase due to deferral of revenue at period end, net	25,248	32,993
Decrease due to beginning contract liabilities recognized as revenue	$ (26,349)	$ (47,900)

REVENUE AND CONTRACT LIABILIT_3

REVENUE AND CONTRACT LIABILITY - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Unearned revenue	$ 43,379		$ 43,379		$ 44,480
Gift card and club o rewards breakage	1,000	$ 1,100	1,900	$ 2,200
Club O Reward Points
Disaggregation of Revenue [Line Items]
Unearned revenue	$ 10,500		$ 10,500		$ 10,900

REVENUE AND CONTRACT LIABILIT_4

REVENUE AND CONTRACT LIABILITY - Sales Returns Allowance (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Allowance for returns	$ 11,293	$ 10,222	$ 13,923
Additions to the allowance	66,298	161,492
Deductions from the allowance	$ (65,227)	$ (165,193)

NET INCOME (LOSS) PER SHARE - I

NET INCOME (LOSS) PER SHARE - Income & Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Numerator:
Net income (loss)	$ (73,493)	$ 7,147	$ (83,800)	$ 17,270
Less: Preferred stock dividends—issued	0	1,697	0	1,697
Undistributed income (loss)	(73,493)	5,450	(83,800)	15,573
Less: Undistributed income (loss) allocated to participating securities	0	410	0	1,332
Net income (loss) attributable to common stockholders	$ (73,493)	$ 5,040	$ (83,800)	$ 14,241
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Basic	45,200,000	43,072,000	45,134,000	43,062,000
Restricted stock awards	0	87,000	0	159,000
Diluted	45,200,000	43,159,000	45,134,000	43,221,000
Net income (loss) per share of common stock:
Basic	$ (1.63)	$ 0.12	$ (1.86)	$ 0.33
Diluted	$ (1.63)	$ 0.12	$ (1.86)	$ 0.33

NET INCOME (LOSS) PER SHARE - A

NET INCOME (LOSS) PER SHARE - Antidilutive Securities (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-based Payment Arrangement
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	1,467	689	1,467	597
Employee Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	110	101	110	83