Cover_Document
Cover Document | 9 Months Ended | ||
Sep. 30, 2014 | Oct. 28, 2014 | Oct. 28, 2014 | |
Common Class A [Member] | Common Class B [Member] | ||
Entity Registrant Name | 'Groupon, Inc. | ' | ' |
Entity Central Index Key | '0001490281 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Large Accelerated Filer | ' | ' |
Document Type | '10-Q | ' | ' |
Document Period End Date | 30-Sep-14 | ' | ' |
Document Fiscal Year Focus | '2014 | ' | ' |
Document Fiscal Period Focus | 'Q3 | ' | ' |
Amendment Flag | 'false | ' | ' |
Common Stock, Shares, Outstanding | ' | 668,957,164 | 2,399,976 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $855,168 | $1,240,472 |
Accounts receivable, net | 124,598 | 83,673 |
Deferred income taxes | 26,564 | 27,938 |
Prepaid expense and other current assets | 243,750 | 210,415 |
Total current assets | 1,250,080 | 1,562,498 |
Property, equipment and software, net | 170,534 | 134,423 |
Goodwill | 441,290 | 220,827 |
Intangible assets, net | 119,810 | 28,443 |
Investments | 23,639 | 20,652 |
Deferred income taxes, non-current | 44,709 | 35,941 |
Other non-current assets | 22,103 | 39,226 |
Total Assets | 2,072,165 | 2,042,010 |
Current liabilities: | ' | ' |
Accounts payable | 25,848 | 27,573 |
Accrued merchant and supplier payables | 754,628 | 752,943 |
Accrued expenses | 223,677 | 226,986 |
Deferred income taxes | 44,787 | 47,558 |
Other current liabilities | 134,116 | 132,718 |
Total current liabilities | 1,183,056 | 1,187,778 |
Deferred income taxes, non-current | 9,668 | 10,853 |
Other non-current liabilities | 151,486 | 131,697 |
Total Liabilities | 1,344,210 | 1,330,328 |
Commitments and contingencies | ' | ' |
Stockholders' Equity | ' | ' |
Additional paid-in capital | 1,814,040 | 1,584,211 |
Treasury stock, at cost | -190,355 | -46,587 |
Accumulated deficit | -930,748 | -848,870 |
Accumulated other comprehensive income | 34,948 | 24,830 |
Total Groupon, Inc. Stockholders' Equity | 727,955 | 713,651 |
Noncontrolling interests | 0 | -1,969 |
Total Equity | 727,955 | 711,682 |
Total Liabilities and Equity | 2,072,165 | 2,042,010 |
Common Class A [Member] | ' | ' |
Stockholders' Equity | ' | ' |
Common Stock, Value, Issued | 70 | 67 |
Common Class B [Member] | ' | ' |
Stockholders' Equity | ' | ' |
Common Stock, Value, Issued | 0 | 0 |
Common Stock [Member] | ' | ' |
Stockholders' Equity | ' | ' |
Common Stock, Value, Issued | $0 | $0 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets Parenthetical (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Common Stock [Member] | ' | ' |
Condensed Consolidated Balance Sheet Parenthetical [Line Items] | ' | ' |
Common Stock, Par Value | $0.00 | $0.00 |
Common Stock, Shares Authorized | 2,010,000,000 | 2,010,000,000 |
Common Stock, Shares, Issued | 0 | 0 |
Common Stock, Shares, Outstanding | 0 | 0 |
Common Class A [Member] | ' | ' |
Condensed Consolidated Balance Sheet Parenthetical [Line Items] | ' | ' |
Common Stock, Par Value | $0.00 | $0.00 |
Common Stock, Shares Authorized | 2,000,000,000 | 2,000,000,000 |
Common Stock, Shares, Issued | 694,272,530 | 670,149,976 |
Common Stock, Shares, Outstanding | 668,185,526 | 665,717,176 |
Common Class B [Member] | ' | ' |
Condensed Consolidated Balance Sheet Parenthetical [Line Items] | ' | ' |
Common Stock, Par Value | $0.00 | $0.00 |
Common Stock, Shares Authorized | 10,000,000 | 10,000,000 |
Common Stock, Shares, Issued | 2,399,976 | 2,399,976 |
Common Stock, Shares, Outstanding | 2,399,976 | 2,399,976 |
Treasury Stock [Member] | ' | ' |
Condensed Consolidated Balance Sheet Parenthetical [Line Items] | ' | ' |
Treasury Stock, Shares | 26,087,004 | 4,432,800 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Revenue: | ' | ' | ' | ' |
Third party and other | $399,803 | $394,987 | $1,232,173 | $1,252,966 |
Direct | 357,251 | 200,072 | 1,034,094 | 552,242 |
Total revenue | 757,054 | 595,059 | 2,266,267 | 1,805,208 |
Cost of revenue: | ' | ' | ' | ' |
Third party and other | 61,497 | 54,001 | 182,226 | 179,524 |
Direct | 315,413 | 181,436 | 928,314 | 502,359 |
Total cost of revenue | 376,910 | 235,437 | 1,110,540 | 681,883 |
Gross profit | 380,144 | 359,622 | 1,155,727 | 1,123,325 |
Operating expenses: | ' | ' | ' | ' |
Marketing | 59,935 | 53,265 | 203,134 | 158,319 |
Selling, general and administrative | 325,942 | 294,074 | 983,751 | 904,880 |
Acquisition-related (benefit) expense, net | -304 | -1,529 | 2,078 | -2,276 |
Total operating expenses | 385,573 | 345,810 | 1,188,963 | 1,060,923 |
(Loss) income from operations | -5,429 | 13,812 | -33,236 | 62,402 |
Other (expense) income, net | -20,023 | 832 | -21,886 | -9,830 |
(Loss) income before (benefit) provision for income taxes | -25,452 | 14,644 | -55,122 | 52,572 |
(Benefit) provision for income taxes | -6,434 | 15,936 | 20,181 | 62,657 |
Net loss | -19,018 | -1,292 | -75,303 | -10,085 |
Net income attributable to noncontrolling interests | -2,190 | -1,288 | -6,575 | -4,061 |
Net loss attributable to Groupon, Inc. | ($21,208) | ($2,580) | ($81,878) | ($14,146) |
Net loss per share | ' | ' | ' | ' |
Basic, net (loss) earnings per share | ($0.03) | $0 | ($0.12) | ($0.02) |
Diluted, net (loss) earnings per share | ($0.03) | $0 | ($0.12) | ($0.02) |
Weighted average number of shares outstanding | ' | ' | ' | ' |
Basic, weighted average number of shares outstanding | 669,526,524 | 666,432,848 | 675,814,535 | 662,531,567 |
Weighted Average Number of Shares Outstanding, Diluted [Abstract] | ' | ' | ' | ' |
Diluted, weighted average number of shares outstanding | 669,526,524 | 666,432,848 | 675,814,535 | 662,531,567 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Loss) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Net loss | ($19,018) | ($1,292) | ($75,303) | ($10,085) |
Other comprehensive (loss) income, net of tax: | ' | ' | ' | ' |
Foreign currency translation adjustments | 1,827 | -1,072 | 9,899 | 11,416 |
Net unrealized loss during the period | -425 | -109 | -799 | -19 |
Reclassification adjustment for impairment included in net loss | 831 | 0 | 831 | 0 |
Net change in unrealized gain (loss), net | 406 | -109 | 32 | -19 |
Other comprehensive income (loss) | 2,233 | -1,181 | 9,931 | 11,397 |
Comprehensive (loss) income | -16,785 | -2,473 | -65,372 | 1,312 |
Comprehensive income attributable to noncontrolling interests | -2,187 | -1,302 | -6,388 | -4,325 |
Comprehensive loss attributable to Groupon Inc. | ($18,972) | ($3,775) | ($71,760) | ($3,013) |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Income (Loss) Condensed Consolidated Statements of Comprehensive Income (Loss) Parenthetical (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Statement of Comprehensive Income Parenthetical [Abstract] | ' | ' | ' | ' |
Tax effects for change in unrealized gain (loss) | $248 | ($68) | $23 | ($12) |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Stockholders' Equity (USD $) | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Treasury Stock [Member] | Retained Earnings (Accumulated Deficit) [Member] | Accumulated Other Comprehensive Income [Member] | Parent [Member] | Noncontrolling Interest [Member] | Total Equity [Member] |
In Thousands, except Share data, unless otherwise specified | |||||||||
Beginning Balance, Treasury Stock, Value at Dec. 31, 2013 | ($46,587) | ' | ' | ($46,587) | ' | ' | ' | ' | ' |
Beginning Balance, Equity at Dec. 31, 2013 | 711,682 | 67 | 1,584,211 | ' | -848,870 | 24,830 | 713,651 | -1,969 | 711,682 |
Beginning Balance, Shares, Outstanding at Dec. 31, 2013 | ' | 672,549,952 | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance, Treasury Stock, Shares at Dec. 31, 2013 | ' | ' | ' | -4,432,800 | ' | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss | -75,303 | ' | ' | ' | -81,878 | ' | -81,878 | 6,575 | -75,303 |
Foreign currency translation adjustments | 9,899 | ' | ' | ' | ' | 10,086 | 10,086 | -187 | 9,899 |
Unrealized loss on available-for-sale debt security, net of tax | ' | ' | ' | ' | ' | 32 | 32 | ' | 32 |
Common stock issued in connection with acquisition of business, shares | 13,825,283 | 13,825,283 | ' | ' | ' | ' | ' | ' | ' |
Common stock issued in connection with acquisition of business, net of issuance costs | ' | 2 | 162,703 | ' | ' | ' | 162,705 | ' | 162,705 |
Shares issued to settle liability-classified awards, shares | ' | 102,180 | ' | ' | ' | ' | ' | ' | ' |
Shares issued to settle liability-classified awards and contingent consideration | 1,041 | ' | 1,041 | ' | ' | ' | 1,041 | ' | 1,041 |
Purchase of noncontrolling interest, excess of purchase price over value of noncontrolling interest | ' | ' | -6,310 | ' | ' | ' | -6,310 | ' | ' |
Purchase of interests in consolidated subsidiaries | ' | ' | ' | ' | ' | ' | ' | 2,415 | ' |
Purchase of noncontrolling interests in consolidated subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | -3,895 |
Exercise of stock options, shares | ' | 805,225 | ' | ' | ' | ' | ' | ' | ' |
Exercise of stock options, value | ' | ' | 807 | ' | ' | ' | 807 | ' | 807 |
Vesting of restricted stock units, shares | ' | 12,741,462 | ' | ' | ' | ' | ' | ' | ' |
Vesting of restricted stock units, value | ' | 1 | -1 | ' | ' | ' | ' | ' | ' |
Shares issued under employee stock purchase plan, shares | ' | 857,171 | ' | ' | ' | ' | ' | ' | ' |
Shares issued under employee stock purchase plan, value | ' | ' | 5,397 | ' | ' | ' | 5,397 | ' | 5,397 |
Tax withholding related to net share settlements of stock-based compensation awards, shares | ' | -4,208,767 | ' | ' | ' | ' | ' | ' | ' |
Tax withholding related to net share settlements of stock-based compensation awards, value | ' | ' | -33,149 | ' | ' | ' | -33,149 | ' | -33,149 |
Stock-based compensation on equity-classified awards | ' | ' | 97,857 | ' | ' | ' | 97,857 | ' | 97,857 |
Excess tax benefits, net of shortfalls, on stock-based compensation awards | ' | ' | 1,484 | ' | ' | ' | 1,484 | ' | 1,484 |
Purchases of treasury stock, shares | ' | ' | ' | -21,654,204 | ' | ' | ' | ' | ' |
Purchases of treasury stock, value | ' | ' | ' | -143,768 | ' | ' | -143,768 | ' | -143,768 |
Partnership distributions to noncontrolling interest holders | ' | ' | ' | ' | ' | ' | ' | -6,834 | -6,834 |
Ending Balance, Equity at Sep. 30, 2014 | 727,955 | 70 | 1,814,040 | ' | -930,748 | 34,948 | 727,955 | 0 | 727,955 |
Ending Balance, Treasury Stock, Value at Sep. 30, 2014 | ($190,355) | ' | ' | ($190,355) | ' | ' | ' | ' | ' |
Ending Balance, Treasury Stock, Shares at Sep. 30, 2014 | ' | ' | ' | -26,087,004 | ' | ' | ' | ' | ' |
Ending Balance, Shares, Outstanding at Sep. 30, 2014 | ' | 696,672,506 | ' | ' | ' | ' | ' | ' | ' |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Operating activities | ' | ' |
Net loss | ($75,303) | ($10,085) |
Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ' | ' |
Depreciation and amortization of property, equipment and software | 71,476 | 49,186 |
Amortization of acquired intangible assets | 36,068 | 16,131 |
Stock-based compensation | 89,958 | 89,223 |
Deferred income taxes | -1,956 | -1,225 |
Excess tax benefits on stock-based compensation | -12,573 | -12,116 |
Loss on equity method investments | 459 | 58 |
Net gain from changes in fair value of contingent consideration | -1,059 | -2,276 |
Impairment of investments | 2,036 | 0 |
Change in assets and liabilities, net of acquisitions: | ' | ' |
Restricted cash | 6,961 | -81 |
Accounts receivable | -29,267 | 8,999 |
Prepaid expenses and other current assets | -32,397 | 13,146 |
Accounts payable | -8,964 | -25,867 |
Accrued merchant and supplier payables | -61,219 | -72,290 |
Accrued expenses and other current liabilities | -27,091 | -27,790 |
Other, net | 44,873 | 15,144 |
Net cash provided by operating activities | 2,002 | 40,157 |
Investing activities | ' | ' |
Purchases of property and equipment and capitalized software | -67,461 | -43,574 |
Acquisitions of businesses, net of acquired cash | -117,303 | -6,349 |
Purchases of investments | -6,704 | -19,583 |
Settlement of liabilities related to purchase of additional interest in consolidated subsidiary | -1,599 | -1,959 |
Purchases of intangible assets | -500 | -1,520 |
Net cash used in investing activities | -193,567 | -72,985 |
Financing activities | ' | ' |
Payments for purchases of treasury stock | -145,395 | -7,376 |
Excess tax benefits on stock-based compensation | 12,573 | 12,116 |
Taxes paid related to net share settlements of stock-based compensation awards | -32,390 | -26,504 |
Debt issuance costs | -1,029 | 0 |
Common stock issuance costs in connection with acquisition of business | -158 | 0 |
Payments of contingent consideration from acquisitions | 0 | -780 |
Settlements of purchase price obligations related to acquisitions | -3,136 | -5,000 |
Proceeds from stock option exercises and employee stock purchase plan | 6,204 | 6,578 |
Partnership distribution payments to noncontrolling interest holders | -6,178 | -4,286 |
Payments of capital lease obligations | -3,559 | -1,001 |
Net cash used in financing activities | -173,068 | -26,253 |
Effect of exchange rate changes on cash and cash equivalents | -20,671 | -10,351 |
Net decrease in cash and cash equivalents | -385,304 | -69,432 |
Cash and cash equivalents, beginning of period | 1,240,472 | 1,209,289 |
Cash and cash equivalents, end of period | 855,168 | 1,139,857 |
Non-cash investing and financing activities | ' | ' |
Issuance of common stock in connection with acquisition of business | 162,862 | 3,051 |
Contingent consideration liabilities incurred in connection with acquisitions | 4,006 | 3,567 |
Equipment acquired under capital lease obligations | 18,546 | 7,377 |
Shares issued to settle liability-classified awards and contingent consideration | 1,041 | 3,394 |
Liability for purchases of treasury stock | 120 | 1,638 |
Liability for purchase consideration | 359 | 0 |
Liability for purchase of additional interests in consolidated subsidiaries | 2,296 | 0 |
Accounts payable and accrued expenses related to purchases of property and equipment and capitalized software | $5,508 | $1,713 |
Description_of_Business_and_Ba
Description of Business and Basis of Presentation | 9 Months Ended |
Sep. 30, 2014 | |
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION [Abstract] | ' |
Description of Business and Basis of Presentation [Text Block] | ' |
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION | |
Company Information | |
Groupon, Inc. and subsidiaries (the "Company"), which commenced operations in October 2008, operates online local commerce marketplaces throughout the world that connect merchants to consumers by offering goods and services at a discount. The Company also offers deals on products for which it acts as the merchant of record. Customers can access the Company's deal offerings directly through its websites and mobile applications. The Company also sends emails to its subscribers with deal offerings that are targeted by location and personal preferences. | |
The Company's operations are organized into three segments: North America, EMEA, which is comprised of Europe, Middle East and Africa, and the remainder of the Company's international operations ("Rest of World"). See Note 12 "Segment Information." | |
Unaudited Interim Financial Information | |
The Company has prepared the accompanying condensed consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") for interim financial reporting. These condensed consolidated financial statements are unaudited and, in the Company's opinion, include all adjustments, consisting of normal recurring adjustments and accruals, necessary for a fair presentation of the Company's condensed consolidated balance sheets, statements of operations, comprehensive income (loss), cash flows and stockholders' equity for the periods presented. Operating results for the periods presented are not necessarily indicative of the results to be expected for the full year ending December 31, 2014. Certain information and disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") have been omitted in accordance with the rules and regulations of the SEC. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Company's Annual Report on Form 10-K for the year ended December 31, 2013, as filed with the SEC on February 20, 2014. | |
Principles of Consolidation | |
The condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The Company's consolidated financial statements were prepared in accordance with U.S. GAAP and include the assets, liabilities, revenue and expenses of all wholly-owned subsidiaries and majority-owned subsidiaries over which the Company exercises control and variable interest entities for which the Company has determined that it is the primary beneficiary. Outside stockholders' interests in subsidiaries are shown on the condensed consolidated financial statements as "Noncontrolling interests." Equity investments in entities in which the Company does not have a controlling financial interest are accounted for under either the equity method, the cost method or as available-for-sale securities, as appropriate. | |
Reclassifications | |
Certain reclassifications have been made to the condensed consolidated financial statements of prior periods and the accompanying notes to conform to the current period presentation. | |
Use of Estimates | |
The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires estimates and assumptions that affect the reported amounts and classifications of assets and liabilities, revenue and expenses, and the related disclosures of contingent liabilities in the condensed consolidated financial statements and accompanying notes. Estimates are utilized for, but not limited to, stock-based compensation, income taxes, valuation of acquired goodwill and intangible assets, investments, customer refunds, contingent liabilities and the useful lives of property, equipment and software and intangible assets. Actual results could differ materially from those estimates. |
Business_Combinations_and_Acqu
Business Combinations and Acquisitions of Noncontrolling Interests | 9 Months Ended | ||||||
Sep. 30, 2014 | |||||||
Business Combinations [Abstract] | ' | ||||||
Business Combinations and Acquisitions of Noncontrolling Interests Disclosure [Text Block] | ' | ||||||
BUSINESS COMBINATIONS | |||||||
The Company acquired four businesses during the nine months ended September 30, 2014. These business combinations were accounted for using the acquisition method, and the results of each of those acquired businesses have been included in the condensed consolidated financial statements beginning on the respective acquisition dates. The fair value of consideration transferred in business combinations is allocated to the tangible and intangible assets acquired and liabilities assumed at the acquisition date, with the remaining unallocated amount recorded as goodwill. The allocations of the acquisition price for recent acquisitions have been prepared on a preliminary basis, and changes to those allocations may occur as a result of final working capital adjustments and tax return filings. Acquired goodwill represents the premium the Company paid over the fair value of the net tangible and intangible assets acquired. The Company paid this premium for a number of reasons, including growing the Company's merchant and customer base, acquiring assembled workforces, expanding its presence in international markets, expanding and advancing its product offerings and enhancing technology capabilities. The goodwill from these business combinations is generally not deductible for tax purposes. | |||||||
For the three and nine months ended September 30, 2014, $0.7 million and $3.1 million, respectively, of external transaction costs related to business combinations, primarily consisting of legal and advisory fees, are classified within "Acquisition-related (benefit) expense, net" on the condensed consolidated statements of operations. | |||||||
LivingSocial Korea, Inc. | |||||||
On January 2, 2014, the Company acquired all of the outstanding equity interests of LivingSocial Korea, Inc., a Korean corporation and holding company of Ticket Monster Inc. ("Ticket Monster"). Ticket Monster is an e-commerce company based in the Republic of Korea that connects merchants to consumers by offering goods and services at a discount. The primary purpose of this acquisition was to grow the Company's merchant and customer base and expand its presence in the Korean e-commerce market. The aggregate acquisition-date fair value of the consideration transferred for the Ticket Monster acquisition totaled $259.4 million, which consisted of the following (in thousands): | |||||||
Cash | $ | 96,496 | |||||
Issuance of 13,825,283 shares of Class A common stock | 162,862 | ||||||
Total | $ | 259,358 | |||||
The fair value of the Class A Common Stock issued as consideration was measured based on the stock price upon closing of the transaction on January 2, 2014. | |||||||
The following table summarizes the allocation of the aggregate acquisition price of the Ticket Monster acquisition (in thousands): | |||||||
Cash and cash equivalents | $ | 24,768 | |||||
Accounts receivable | 15,832 | ||||||
Deferred income taxes | 1,264 | ||||||
Prepaid expenses and other current assets | 829 | ||||||
Property, equipment and software | 5,944 | ||||||
Goodwill | 220,592 | ||||||
Intangible assets:(1) | |||||||
Subscriber relationships | 57,022 | ||||||
Merchant relationships | 32,176 | ||||||
Developed technology | 571 | ||||||
Trade name | 19,325 | ||||||
Other non-current assets | 3,033 | ||||||
Total assets acquired | $ | 381,356 | |||||
Accounts payable | $ | 5,951 | |||||
Accrued merchant and supplier payables | 82,934 | ||||||
Accrued expenses | 22,700 | ||||||
Other current liabilities | 3,482 | ||||||
Deferred income taxes, non-current | 1,264 | ||||||
Other non-current liabilities | 5,667 | ||||||
Total liabilities assumed | $ | 121,998 | |||||
Total acquisition price | $ | 259,358 | |||||
-1 | The acquired intangible assets have estimated useful lives of between 2 and 5 years. | ||||||
Ideeli, Inc. | |||||||
On January 13, 2014, the Company acquired all of the outstanding equity interests of Ideeli, Inc. (d/b/a "Ideel"), a fashion flash site based in the United States. The primary purpose of this acquisition was to expand and advance the Company's product offerings. The aggregate acquisition-date fair value of the consideration transferred for the Ideel acquisition totaled $42.7 million, which consisted of the following (in thousands): | |||||||
Cash | $ | 42,339 | |||||
Liability for purchase consideration | 359 | ||||||
Total | $ | 42,698 | |||||
The following table summarizes the allocation of the aggregate acquisition price of the Ideel acquisition (in thousands): | |||||||
Cash and cash equivalents | $ | 79 | |||||
Accounts receivable | 988 | ||||||
Deferred income taxes | 572 | ||||||
Prepaid expenses and other current assets | 22,081 | ||||||
Property, equipment and software | 8,173 | ||||||
Goodwill | 5,379 | ||||||
Intangible assets:(1) | |||||||
Subscriber relationships | 5,490 | ||||||
Brand relationships | 7,100 | ||||||
Trade name | 4,500 | ||||||
Deferred income taxes, non-current | 7,753 | ||||||
Total assets acquired | $ | 62,115 | |||||
Accounts payable | $ | 1,640 | |||||
Accrued supplier payables | 4,092 | ||||||
Accrued expenses | 9,118 | ||||||
Other current liabilities | 482 | ||||||
Deferred income taxes, non-current | 332 | ||||||
Other non-current liabilities | 3,753 | ||||||
Total liabilities assumed | $ | 19,417 | |||||
Total acquisition price | $ | 42,698 | |||||
-1 | The acquired intangible assets have estimated useful lives of between 3 and 5 years. | ||||||
Other Acquisitions | |||||||
The Company acquired two other businesses during the nine months ended September 30, 2014. The primary purpose of these acquisitions was to acquire an experienced workforce, expand and advance product offerings and enhance technology capabilities. The aggregate acquisition-date fair value of the consideration transferred for these acquisitions totaled $7.5 million, which consisted of the following (in thousands): | |||||||
Cash | $ | 3,477 | |||||
Contingent consideration | 4,006 | ||||||
Total | $ | 7,483 | |||||
The following table summarizes the allocation of the aggregate purchase price of these other acquisitions (in thousands): | |||||||
Net working capital (including acquired cash of $0.2 million) | $ | (52 | ) | ||||
Goodwill | 6,261 | ||||||
Intangible assets: (1) | |||||||
Subscriber relationships | 560 | ||||||
Brand relationships | 579 | ||||||
Developed technology | 568 | ||||||
Deferred income taxes, non-current | (433 | ) | |||||
Total acquisition price | $ | 7,483 | |||||
-1 | Acquired intangible assets have estimated useful lives of between 3 and 5 years. | ||||||
Pro forma results of operations presented below do not include the results of these other acquisitions because the effects of these acquisitions, individually and in the aggregate, were not material to the Company's condensed consolidated results of operations. | |||||||
Pro Forma Financial Information | |||||||
The following unaudited pro forma information presents the combined operating results of the Company for the three and nine months ended September 30, 2013, as if the Company had acquired Ticket Monster and Ideel as of January 1, 2013 (in thousands). Pro forma results of operations have not been presented for the nine months ended September 30, 2014, because the operating results of Ticket Monster and Ideel from January 1, 2014 through their respective acquisition dates were not material to the Company's consolidated results of operations for the nine months ended September 30, 2014. The underlying pro forma results include the historical financial results of the Company and these two acquired businesses adjusted for depreciation and amortization expense associated with the assets acquired. The unaudited pro forma results do not reflect any operating efficiencies or potential cost savings which may result from the consolidation of the operations of the Company and the acquired entities. Accordingly, these unaudited pro forma results are not necessarily indicative of what the actual results of operations of the combined company would have been if the acquisitions had occurred as of January 1, 2013, nor are they indicative of future results of operations. | |||||||
Three Months Ended | Nine Months Ended | ||||||
September 30, 2013 | September 30, 2013 | ||||||
Revenue | $ | 642,645 | $ | 1,949,406 | |||
Net loss | (23,004 | ) | (79,936 | ) | |||
The revenue and net loss of Ticket Monster included in our condensed consolidated statements of operations were $42.8 million and $6.4 million for the three months ended September 30, 2014, respectively, and $107.4 million and $30.3 million for the nine months ended September 30, 2014, respectively. The revenue and net loss of Ideel included in our condensed consolidated statements of operations were $20.6 million and $0.5 million for the three months ended September 30, 2014, respectively, and $58.1 million and $3.7 million for the nine months ended September 30, 2014, respectively. |
Goodwill_and_Other_Intangible_
Goodwill and Other Intangible Assets | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract] | ' | ||||||||||||||||
Goodwill and Intangible Assets Disclosure [Text Block] | ' | ||||||||||||||||
GOODWILL AND OTHER INTANGIBLE ASSETS | |||||||||||||||||
The following table summarizes the Company's goodwill activity by segment for the nine months ended September 30, 2014 (in thousands): | |||||||||||||||||
North America | EMEA | Rest of World | Consolidated | ||||||||||||||
Balance as of December 31, 2013 | $ | 85,457 | $ | 115,669 | $ | 19,701 | $ | 220,827 | |||||||||
Goodwill related to acquisitions | 11,640 | — | 220,592 | 232,232 | |||||||||||||
Other adjustments(1) | (157 | ) | (9,578 | ) | (2,034 | ) | (11,769 | ) | |||||||||
Balance as of September 30, 2014 | $ | 96,940 | $ | 106,091 | $ | 238,259 | $ | 441,290 | |||||||||
-1 | Represents the impact of changes in foreign exchange rates on goodwill. | ||||||||||||||||
The following tables summarize the Company's other intangible assets (in thousands): | |||||||||||||||||
30-Sep-14 | |||||||||||||||||
Asset Category | Gross Carrying Value | Accumulated Amortization | Net Carrying Value | ||||||||||||||
Subscriber relationships | $ | 105,108 | $ | 44,891 | $ | 60,217 | |||||||||||
Merchant relationships | 40,653 | 16,522 | 24,131 | ||||||||||||||
Trade names | 29,980 | 9,800 | 20,180 | ||||||||||||||
Developed technology | 23,415 | 21,663 | 1,752 | ||||||||||||||
Brand relationships | 7,664 | 1,103 | 6,561 | ||||||||||||||
Other intangible assets | 17,199 | 10,230 | 6,969 | ||||||||||||||
Total | $ | 224,019 | $ | 104,209 | $ | 119,810 | |||||||||||
31-Dec-13 | |||||||||||||||||
Asset Category | Gross Carrying Value | Accumulated Amortization | Net Carrying Value | ||||||||||||||
Subscriber relationships | $ | 45,541 | $ | 30,866 | $ | 14,675 | |||||||||||
Merchant relationships | 9,186 | 7,991 | 1,195 | ||||||||||||||
Trade names | 6,739 | 6,739 | — | ||||||||||||||
Developed technology | 23,038 | 19,547 | 3,491 | ||||||||||||||
Other intangible assets | 16,776 | 7,694 | 9,082 | ||||||||||||||
Total | $ | 101,280 | $ | 72,837 | $ | 28,443 | |||||||||||
Amortization of intangible assets is computed using the straight-line method over their estimated useful lives, which range from 1 to 5 years. Amortization expense related to intangible assets was $11.8 million and $5.3 million for the three months ended September 30, 2014 and 2013, respectively, and $36.1 million and $16.1 million for the nine months ended September 30, 2014 and 2013, respectively. As of September 30, 2014, the Company's estimated future amortization expense related to intangible assets is as follows (in thousands): | |||||||||||||||||
Remaining amounts in 2014 | $ | 11,094 | |||||||||||||||
2015 | 39,055 | ||||||||||||||||
2016 | 32,912 | ||||||||||||||||
2017 | 18,575 | ||||||||||||||||
2018 | 18,089 | ||||||||||||||||
Thereafter | 85 | ||||||||||||||||
Total | $ | 119,810 | |||||||||||||||
Investments
Investments | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||
Investments, All Other Investments [Abstract] | ' | |||||||||||||||||||||||
Cost and Equity Method Investments Disclosure [Text Block] | ' | |||||||||||||||||||||||
INVESTMENTS | ||||||||||||||||||||||||
The following table summarizes the Company's investments (dollars in thousands): | ||||||||||||||||||||||||
30-Sep-14 | Percent Ownership of Voting Stock | December 31, 2013 | Percent Ownership of Voting Stock | |||||||||||||||||||||
Cost and equity method investments: | ||||||||||||||||||||||||
Cost method investments | $ | 15,920 | 6 | % | to | 19 | % | $ | 15,788 | 6 | % | to | 19 | % | ||||||||||
Equity method investments | 1,231 | 21 | % | to | 50 | % | 1,690 | 21 | % | to | 50 | % | ||||||||||||
Total cost and equity method investments | 17,151 | 17,478 | ||||||||||||||||||||||
Available-for-sale securities: | ||||||||||||||||||||||||
Convertible debt securities | 2,030 | 3,174 | ||||||||||||||||||||||
Redeemable preferred shares | 4,458 | 19 | % | to | 23 | % | — | 19 | % | |||||||||||||||
Total available-for-sale securities | 6,488 | 3,174 | ||||||||||||||||||||||
Total investments | $ | 23,639 | $ | 20,652 | ||||||||||||||||||||
In February 2014, the Company acquired redeemable preferred shares in an online home services company for $4.6 million. The shares are accounted for as available-for-sale securities. | ||||||||||||||||||||||||
The following table summarizes the amortized cost, gross unrealized loss and fair value of the Company's available-for-sale securities as of September 30, 2014 and December 31, 2013 (in thousands): | ||||||||||||||||||||||||
30-Sep-14 | December 31, 2013 | |||||||||||||||||||||||
Amortized Cost | Gross Unrealized Loss | Fair Value | Amortized Cost | Gross Unrealized Loss | Fair Value | |||||||||||||||||||
Available-for-sale securities: | ||||||||||||||||||||||||
Convertible debt securities | $ | 2,030 | $ | — | $ | 2,030 | $ | 3,370 | $ | (196 | ) | $ | 3,174 | |||||||||||
Redeemable preferred shares | 4,599 | (141 | ) | 4,458 | — | — | — | |||||||||||||||||
Total available-for-sale securities | $ | 6,629 | $ | (141 | ) | $ | 6,488 | $ | 3,370 | $ | (196 | ) | $ | 3,174 | ||||||||||
The Company's investments in available-for-sale securities have been in an unrealized loss position for less than one year as of September 30, 2014. | ||||||||||||||||||||||||
Other-Than-Temporary Impairment | ||||||||||||||||||||||||
An unrealized loss exists when the current fair value of an investment is less than its amortized cost basis. The Company conducts reviews of all of its investments with unrealized losses on a quarterly basis to evaluate whether those impairments are other-than-temporary. This evaluation, which is performed at the individual investment level, consists of several qualitative and quantitative factors regarding the severity and duration of the unrealized loss as well as the Company's intent and ability to hold the investment for a period of time that is sufficient to allow for an anticipated recovery in value. Evidence considered in this evaluation includes the amount of the impairment, the length of time that the investment has been impaired, the factors contributing to the impairment, the financial condition and near-term prospects of the investee, recent operating trends and forecasted performance of the investee, market conditions in the geographic area or industry in which the investee operates, and the Company's strategic plans for holding the investment in relation to the period of time expected for an anticipated recovery in value. Additionally, the Company considers whether it intends to sell the investment or whether it is more likely than not that it will be required to sell the investment before recovery of its amortized cost basis. Investments with unrealized losses that are determined to be other-than-temporary are written down to fair value with a charge to earnings. Unrealized losses that are determined to be temporary in nature are not recorded for cost method investments and equity method investments, while such losses are recorded, net of tax, in accumulated other comprehensive income for available-for-sale securities. The Company recorded a $1.3 million other-than-temporary impairment of an investment in the convertible debt securities of a nonpublic entity, which is reported within "Other (expense) income, net" on the condensed consolidated statements of operations for the three and nine months ended September 30, 2014. The Company's investment in Life Media Limited ("F-tuan"), an entity with operations based in China, was written down to zero through an other-than-temporary impairment charge as of December 31, 2013, and continues to have an estimated fair value of zero as of September 30, 2014. |
Supplemental_Consolidated_Bala
Supplemental Consolidated Balance Sheet and Statement of Operations Information | 9 Months Ended | |||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||
SUPPLEMENTAL CONSOLIDATED BALANCE SHEET AND STATEMENT OF OPERATIONS INFORMATION [Abstract] | ' | |||||||||||||||||
Additional Financial Information Disclosures [Text Block] | ' | |||||||||||||||||
SUPPLEMENTAL CONSOLIDATED BALANCE SHEETS AND STATEMENTS OF OPERATIONS INFORMATION | ||||||||||||||||||
The following table summarizes the Company's other (expense) income, net for the three and nine months ended September 30, 2014 and 2013 (in thousands): | ||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||
Interest income | $ | 409 | $ | 487 | $ | 1,151 | $ | 1,348 | ||||||||||
Interest expense | (277 | ) | (39 | ) | (444 | ) | (187 | ) | ||||||||||
Impairment of investments | (1,448 | ) | — | (2,036 | ) | — | ||||||||||||
Loss on equity method investments | (91 | ) | (25 | ) | (459 | ) | (58 | ) | ||||||||||
Foreign exchange (losses) gains, net | (18,638 | ) | 326 | (20,108 | ) | (11,156 | ) | |||||||||||
Other | 22 | 83 | 10 | 223 | ||||||||||||||
Other (expense) income, net | $ | (20,023 | ) | $ | 832 | $ | (21,886 | ) | $ | (9,830 | ) | |||||||
The following table summarizes the Company's prepaid expenses and other current assets as of September 30, 2014 and December 31, 2013 (in thousands): | ||||||||||||||||||
30-Sep-14 | 31-Dec-13 | |||||||||||||||||
Current portion of unamortized tax effects on intercompany transactions | $ | 23,377 | $ | 28,502 | ||||||||||||||
Finished goods inventories | 57,301 | 57,097 | ||||||||||||||||
Prepaid expenses | 42,603 | 29,404 | ||||||||||||||||
Restricted cash | 11,056 | 14,579 | ||||||||||||||||
VAT and income taxes receivable | 82,804 | 52,960 | ||||||||||||||||
Prepaid marketing | 9,832 | 17,301 | ||||||||||||||||
Other | 16,777 | 10,572 | ||||||||||||||||
Total prepaid expenses and other current assets | $ | 243,750 | $ | 210,415 | ||||||||||||||
The following table summarizes the Company's accrued merchant and supplier payables as of September 30, 2014 and December 31, 2013 (in thousands): | ||||||||||||||||||
30-Sep-14 | 31-Dec-13 | |||||||||||||||||
Accrued merchant payables | $ | 575,145 | $ | 518,233 | ||||||||||||||
Accrued supplier payables(1) | 179,483 | 234,710 | ||||||||||||||||
Total accrued merchant and supplier payables | $ | 754,628 | $ | 752,943 | ||||||||||||||
-1 | Amounts include payables to suppliers of inventories and providers of shipping and fulfillment services. | |||||||||||||||||
The following table summarizes the Company's accrued expenses as of September 30, 2014 and December 31, 2013 (in thousands): | ||||||||||||||||||
30-Sep-14 | 31-Dec-13 | |||||||||||||||||
Marketing | $ | 11,860 | $ | 12,001 | ||||||||||||||
Refunds reserve | 29,221 | 38,597 | ||||||||||||||||
Payroll and benefits | 64,751 | 64,966 | ||||||||||||||||
Customer credits | 46,297 | 44,728 | ||||||||||||||||
Professional fees | 16,902 | 18,906 | ||||||||||||||||
Other | 54,646 | 47,788 | ||||||||||||||||
Total accrued expenses | $ | 223,677 | $ | 226,986 | ||||||||||||||
The following table summarizes the Company's other current liabilities as of September 30, 2014 and December 31, 2013 (in thousands): | ||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||
Income taxes payable | $ | 27,020 | $ | 21,994 | ||||||||||||||
VAT payable | 30,476 | 37,627 | ||||||||||||||||
Sales taxes payable | 6,229 | 10,412 | ||||||||||||||||
Deferred revenue | 50,677 | 47,259 | ||||||||||||||||
Other | 19,714 | 15,426 | ||||||||||||||||
Total other current liabilities | $ | 134,116 | $ | 132,718 | ||||||||||||||
The following table summarizes the Company's other non-current liabilities as of September 30, 2014 and December 31, 2013 (in thousands): | ||||||||||||||||||
30-Sep-14 | 31-Dec-13 | |||||||||||||||||
Long-term tax liabilities | $ | 108,233 | $ | 109,286 | ||||||||||||||
Deferred rent | 13,216 | 9,148 | ||||||||||||||||
Other | 30,037 | 13,263 | ||||||||||||||||
Total other non-current liabilities | $ | 151,486 | $ | 131,697 | ||||||||||||||
The following table summarizes the components of accumulated other comprehensive income, net of tax, as of September 30, 2014 and December 31, 2013 (in thousands): | ||||||||||||||||||
Foreign currency translation adjustments | Unrealized loss on available-for-sale securities, net of tax | Total | ||||||||||||||||
Balance as of December 31, 2013 | $ | 24,952 | $ | (122 | ) | $ | 24,830 | |||||||||||
Other comprehensive income (loss) before reclassification adjustments | 10,086 | (799 | ) | 9,287 | ||||||||||||||
Reclassification adjustment for impairment included in net loss | — | 831 | 831 | |||||||||||||||
Other comprehensive income | 10,086 | 32 | 10,118 | |||||||||||||||
Balance as of September 30, 2014 | $ | 35,038 | $ | (90 | ) | $ | 34,948 | |||||||||||
The effects of amounts reclassified from accumulated other comprehensive income (loss) to net loss for the three and nine months ended September 30, 2014 and 2013 are presented within the following line items in the condensed consolidated statements of operations (in thousands): | ||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | Condensed Consolidated Statements of Operations Line Item | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||
Other-than-temporary impairment of available-for-sale security | $ | 1,340 | $ | — | $ | 1,340 | $ | — | Other (expense) income, net | |||||||||
Less: Tax effect | (509 | ) | — | (509 | ) | — | (Benefit) provision for income taxes | |||||||||||
Reclassification adjustment | $ | 831 | $ | — | $ | 831 | $ | — | ||||||||||
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended | ||||
Sep. 30, 2014 | |||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||
Commitments and Contingencies Disclosure [Text Block] | ' | ||||
COMMITMENTS AND CONTINGENCIES | |||||
Except as it relates to commitments under operating leases that were assumed in connection with the Ticket Monster and Ideel acquisitions, as described in Note 2, "Business Combinations," the Company's commitments as of September 30, 2014 did not materially change from the amounts set forth in its 2013 Annual Report on Form 10-K. As of September 30, 2014, estimated future payments under operating leases assumed in connection with the Ticket Monster and Ideel acquisitions for each of the next five years and thereafter are as follows (in thousands): | |||||
Operating leases | |||||
2014 | $ | 1,348 | |||
2015 | 5,148 | ||||
2016 | 4,936 | ||||
2017 | 4,342 | ||||
2018 | 2,631 | ||||
Thereafter | 11,110 | ||||
Total minimum lease payments | $ | 29,515 | |||
Legal Matters | |||||
From time to time, the Company is party to various legal proceedings incident to the operation of its business. For example, the Company is currently involved in proceedings by stockholders, former employees, merchants, intellectual property infringement suits and suits by customers (individually or as class actions) alleging, among other things, violation of the Credit Card Accountability, Responsibility and Disclosure Act and state laws governing gift cards, stored value cards and coupons. Additionally, the Company is subject to general customer complaints seeking monetary damages, particularly in its Rest of World segment. The following is a brief description of significant legal proceedings. | |||||
On February 8, 2012, the Company issued a press release announcing its expected financial results for the fourth quarter of 2011. After finalizing its year-end financial statements, the Company announced on March 30, 2012 revised financial results, as well as a material weakness in its internal control over financial reporting related to deficiencies in its financial statement close process. The revisions resulted in a reduction to fourth quarter 2011 revenue of $14.3 million. The revisions also resulted in an increase to fourth quarter operating expenses that reduced operating income by $30.0 million, net income by $22.6 million and earnings per share by $0.04. Following this announcement, the Company and several of its current and former directors and officers were named as parties to the following outstanding securities and stockholder derivative lawsuits all arising out of the same alleged events and facts. | |||||
The Company is currently a defendant in a proceeding pursuant to which, on October 29, 2012, a consolidated amended class action complaint was filed against the Company, certain of its directors and officers, and the underwriters that participated in the initial public offering of the Company's Class A common stock. Originally filed in April 2012, the case is currently pending before the United States District Court for the Northern District of Illinois: In re Groupon, Inc. Securities Litigation. The complaint asserts claims pursuant to Sections 11 and 15 of the Securities Act of 1933 and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Allegations in the consolidated amended complaint include that the Company and its officers and directors made untrue statements or omissions of material fact by issuing inaccurate financial statements for the fiscal quarter and the fiscal year ending December 31, 2011 and by failing to disclose information about the Company's financial controls in the registration statement and prospectus for the Company's initial public offering of Class A common stock and in the Company's subsequently-issued earnings release dated February 8, 2012. The class action lawsuit seeks an unspecified amount of monetary damages, reimbursement for fees and costs incurred in connection with the actions, including attorneys' fees, and various other forms of monetary and non-monetary relief. The plaintiff filed an amended motion for class certification on December 4, 2013. On March 18, 2014, the court entered a scheduling order setting deadlines for fact discovery by March 13, 2015, expert discovery by August 31, 2015, and dispositive motions by October 30, 2015. On May 2, 2014, defendants filed a motion requesting exclusion of the opinions of plaintiff’s proposed market efficiency expert in resolving the motion for class certification. The court held a hearing on the motion to exclude plaintiff’s expert on September 11, 2014 and ordered that the parties file post-hearing briefings. On September 23, 2014, before the parties had commenced the ordered post-hearing briefing, the court entered an order granting plaintiff's motion for class certification. On October 1, 2014, the Company filed a petition for leave to appeal that order in the United States Court of Appeals for the Seventh Circuit. The petition is currently pending. | |||||
In addition, federal and state purported stockholder derivative lawsuits have been filed against certain of the Company's current and former directors and officers. The federal purported stockholder derivative lawsuit was originally filed in April 2012 and a consolidated stockholder derivative complaint, filed on July 30, 2012, is currently pending in the United States District Court for the Northern District of Illinois: In re Groupon Derivative Litigation. Plaintiffs assert claims for breach of fiduciary duty and abuse of control. The state derivative cases are currently pending before the Chancery Division of the Circuit Court of Cook County, Illinois: Orrego v. Lefkofsky, et al., was filed on April 5, 2012; and Kim v. Lefkofsky, et al., was filed on May 25, 2012. The state derivative complaints generally allege that the defendants breached their fiduciary duties by purportedly mismanaging the Company's business by, among other things, failing to utilize proper accounting controls and, in the case of one of the state derivative lawsuits, by engaging in alleged insider trading of the Company's Class A common stock and misappropriating information. In addition, one state derivative case asserts a claim for unjust enrichment. The derivative lawsuits purport to seek to recoup for the Company an unspecified amount of monetary damages allegedly sustained by the Company, restitution from defendants, reimbursement for fees and costs incurred in connection with the actions, including attorneys' fees, and various other forms of monetary and non-monetary relief. On June 20, 2012, the Company and the individual defendants filed a motion requesting that the court stay the consolidated federal derivative action pending resolution of the consolidated federal class actions. On July 31, 2012, the court granted defendants' motion in part, and stayed the consolidated federal derivative action pending a separate resolution of upcoming motions to dismiss in the consolidated federal class actions. On June 15, 2012, the state plaintiffs filed a motion to consolidate the state derivative actions, which was granted on July 2, 2012, and on July 5, 2012, the plaintiffs filed a motion for appointment of co-lead plaintiffs and co-lead counsel, which was granted on July 27, 2012. No consolidated complaint has been filed in the state derivative action. On September 14, 2012, the court granted a motion filed by the parties requesting that the court stay the state derivative actions pending the federal court's resolution of anticipated motions to dismiss in the consolidated federal class action. On April 18, 2013, the state court appointed a lead plaintiff and approved its selection of lead counsel and local counsel for the purported class. Following entry of the court's order denying defendants' motions to dismiss in In re Groupon Securities Litigation, the courts in both the state and federal derivative actions granted motions requesting that the respective courts extend the litigation stays currently in place pending further developments in In re Groupon, Inc. Securities Litigation. | |||||
The Company intends to defend all of the securities and stockholder derivative lawsuits vigorously. | |||||
In 2010, the Company was named as a defendant in a series of class actions that came to be consolidated into a single case in the U.S. District Court for the Southern District of California. The consolidated case is referred to as In re Groupon Marketing and Sales Practices Litigation. The Company denies liability, but the parties agreed to settle the litigation for $8.5 million before any determination had been made on the merits or with respect to class certification. Because the case had been filed as a class action, the parties were required to provide proper notice and obtain court approval for the settlement. During that process, certain individuals asserted various objections to the settlement. The parties to the case opposed the objections and on December 14, 2012, the district court approved the settlement over the various objections. | |||||
Subsequent to the entry of the order approving settlement, certain of the objectors filed a notice of appeal, contesting the settlement and appealing the matter to the Ninth Circuit of the U.S. Court of Appeals, where the case remains pending. The Company believes that the settlement is valid and intends to oppose the appeal. Plaintiffs also maintain that the settlement is valid and will be opposing the appeal. The settlement, however, is not effective during the pendency of the appeal. The Company does not know when the appeal will be resolved. Depending on the outcome of the appeal, it is possible that the settlement will be rejected, or that there will be further proceedings in the appellate court or district court, or that the settlement will be enforced at that time without further objections or proceedings. | |||||
In addition, third parties have from time to time claimed, and others may claim in the future, that the Company has infringed their intellectual property rights. The Company is subject to intellectual property disputes, and expects that it will increasingly be subject to intellectual property infringement claims as its services expand in scope and complexity. The Company has in the past litigated such claims, and several of these claims are currently pending. The Company may also become more vulnerable to third party claims as laws such as the Digital Millennium Copyright Act are interpreted by the courts, and as the Company becomes subject to laws in jurisdictions where the underlying laws with respect to the potential liability of online intermediaries are either unclear or less favorable. The Company believes that additional lawsuits alleging that it has violated patent, copyright or trademark laws will be filed against it. Intellectual property claims, whether meritorious or not, are time consuming and costly to resolve, could require expensive changes in the Company's methods of doing business, or could require it to enter into costly royalty or licensing agreements. | |||||
The Company is also subject to, or in the future may become subject to, a variety of regulatory inquiries across the jurisdictions where the Company conducts its business, including, for example, consumer protection, marketing practices, tax and privacy rules and regulations. Any regulatory actions against the Company, whether meritorious or not, could be time consuming, result in costly litigation, damage awards, injunctive relief or increased costs of doing business through adverse judgment or settlement, require the Company to change its business practices in expensive ways, require significant amounts of management time, result in the diversion of significant operational resources or otherwise harm the Company's business. | |||||
The Company establishes an accrued liability for loss contingencies related to legal and regulatory matters when the loss is both probable and estimable. This accrual represents management's best estimate of probable loss and in such cases, there may be an exposure to loss in excess of the amounts accrued. For each matter described above, there is inherent and significant uncertainties based on, among other factors, the stage of the proceedings, developments in the applicable facts of law, or the lack of a specific damage claim. In addition, for some matters for which a loss is probable or reasonably possible, an estimate of the amount of loss or range of loss is not possible, and we may be unable to estimate the possible loss or range of losses that could potentially result from the application of non-monetary remedies. Currently, the Company is unable to reasonably estimate the amount of reasonably possible losses in excess of the amounts accrued for the securities and stockholder derivative lawsuits. For the remaining matters described above, the Company believes that the amount of reasonably possible losses in excess of the amounts accrued would not have a material adverse effect on its business, consolidated financial position, results of operations or cash flows. The Company's accrued liabilities for loss contingencies related to legal and regulatory matters may change in the future as a result of new developments, including, but not limited to, the occurrence of new legal matters, changes in the law or regulatory environment, adverse of favorable rulings, newly discovered facts relevant to the matter, or changes in the strategy for the matter. Regardless of the outcome, litigation can have an adverse impact on the Company because of defense and settlement costs, diversion of management resources and other factors. | |||||
Indemnifications | |||||
In the normal course of business to facilitate transactions related to its operations, the Company indemnifies certain parties, including employees, lessors, service providers and merchants, with respect to various matters. The Company has agreed to hold certain parties harmless against losses arising from a breach of representations or covenants, or other claims made against those parties. These agreements may limit the time within which an indemnification claim can be made and the amount of the claim. The Company is also subject to increased exposure to various claims as a result of its acquisitions, particularly in cases where the Company is entering into new businesses in connection with such acquisitions. The Company may also become more vulnerable to claims as it expands the range and scope of its services and is subject to laws in jurisdictions where the underlying laws with respect to potential liability are either unclear or less favorable. In addition, the Company has entered into indemnification agreements with its officers and directors, and the Company's bylaws contain similar indemnification obligations to agents. | |||||
It is not possible to determine the maximum potential amount under these indemnification agreements due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular agreement. Historically, any payments that the Company has made under these agreements have not had a material impact on the operating results, financial position or cash flows of the Company. |
Revolving_Credit_Agreement_Not
Revolving Credit Agreement (Notes) | 9 Months Ended |
Sep. 30, 2014 | |
Line of Credit Facility [Line Items] | ' |
Debt Disclosure [Text Block] | ' |
REVOLVING CREDIT AGREEMENT | |
In August 2014, the Company entered into a three-year senior secured revolving credit agreement (the "Credit Agreement") that provides for aggregate principal borrowings of up to $250.0 million. Borrowings under the Credit Agreement bear interest, at the Company's option, at a rate per annum equal to the Alternate Base Rate or Adjusted LIBO Rate (each as defined in the Credit Agreement) plus an additional margin ranging between 0.25% and 2.00%. The Company is required to pay quarterly commitment fees ranging from 0.20% to 0.35% per annum of the average daily amount available under the Credit Agreement. The Credit Agreement also provides for the issuance of up to $45.0 million in letters of credit, provided that the sum of outstanding borrowings and letters of credit do not exceed the maximum funding commitment of $250.0 million. | |
The Credit Agreement is secured by substantially all of the Company's and its subsidiaries' tangible and intangible assets, including a pledge of 100% of the outstanding capital stock of substantially all of its direct and indirect domestic subsidiaries and 65% of the shares or equity interests of first-tier foreign subsidiaries and each U.S. entity whose assets substantially consist of capital stock and/or intercompany debt of one or more foreign subsidiaries, subject to certain exceptions. Certain of the Company's domestic subsidiaries are guarantors under the Credit Agreement. | |
The Credit Agreement contains various customary restrictive covenants that limit the Company's ability to, among other things: incur additional indebtedness; enter into sale or leaseback transactions; make investments, loans or advances; grant or incur liens on assets; sell assets; engage in mergers, consolidations, liquidations or dissolutions; engage in transactions with affiliates; and make dividend payments. The Credit Agreement requires the Company to maintain compliance with specified financial covenants, comprised of a minimum fixed charge coverage ratio, a maximum leverage ratio, and a minimum liquidity ratio, each as set forth in the Credit Agreement. The Company is also required to maintain, as of the last day of each fiscal quarter, unrestricted cash of at least $400.0 million, including $200.0 million in accounts held with lenders under the Credit Agreement or their affiliates. Non-compliance with these covenants may result in termination of the commitments under the Credit Agreement and any then outstanding borrowings may be declared due and payable immediately. The Company has the right to terminate the Credit Agreement or reduce the available commitments at any time. | |
As of September 30, 2014, the Company had no borrowings or letters of credit outstanding under the Credit Agreement and was in compliance with all covenants. |
Stockholders_Equity_and_StockB
Stockholders' Equity and Stock-Based Compensation Stockholders' Equity and Stock-Based Compensation (Note) | 9 Months Ended | |||||||||||||
Sep. 30, 2014 | ||||||||||||||
Stockholders' Equity Note [Abstract] | ' | |||||||||||||
Stockholders' Equity and Stock-Based Compensation Note [Text Block] | ' | |||||||||||||
STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION | ||||||||||||||
Common Stock | ||||||||||||||
The Company's Certification of Incorporations authorizes three classes of common stock: Class A common stock, Class B common stock and common stock. No shares of common stock will be issued or outstanding until October 31, 2016, at which time all outstanding shares of Class A common stock and Class B common stock will automatically convert into shares of common stock. In addition, the Company's Certification of Incorporation authorizes shares of undesignated preferred stock, the rights, preferences and privileges of which may be designated from time to time by the Board. | ||||||||||||||
Share Repurchase Programs | ||||||||||||||
The Board has authorized the Company to purchase up to $300.0 million of its outstanding Class A common stock through August 2015. The timing and amount of any share repurchases is determined based on market conditions, share price and other factors, and the program may be discontinued or suspended at any time. During the three and nine months ended September 30, 2014, the Company purchased 1,349,712 shares and 21,654,204 shares, respectively, of Class A common stock for an aggregate purchase price of $8.3 million and $143.8 million (including fees and commissions), respectively, under the share repurchase program. As of September 30, 2014, up to $109.6 million of Class A common stock remains available for repurchase under the share repurchase program. | ||||||||||||||
Groupon, Inc. Stock Plans | ||||||||||||||
The Groupon, Inc. Stock Plans (the "Plans") are administered by the Compensation Committee of the Board, which determines the number of awards to be issued, the corresponding vesting schedule and the exercise price for options. As of September 30, 2014, 45,500,684 shares were available for future issuance under the Plans. | ||||||||||||||
The Company recognized stock-based compensation expense of $34.6 million and $26.9 million for the three months ended September 30, 2014 and 2013, respectively, and $90.0 million and $89.2 million for the nine months ended September 30, 2014 and 2013, respectively, related to stock awards issued under the Plans, acquisition-related awards and subsidiary awards. The Company also capitalized $2.8 million and $2.2 million of stock-based compensation for the three months ended September 30, 2014 and 2013, respectively, and $7.9 million and $6.9 million of stock-based compensation for the nine months ended September 30, 2014 and 2013, respectively, in connection with internally-developed software. | ||||||||||||||
As of September 30, 2014, a total of $230.1 million of unrecognized compensation costs related to unvested stock awards and unvested acquisition-related awards are expected to be recognized over a remaining weighted average period of 1.4 years. | ||||||||||||||
Employee Stock Purchase Plan | ||||||||||||||
The Company is authorized to grant up to 10,000,000 shares of common stock under its employee stock purchase plan ("ESPP"). For the nine months ended September 30, 2014 and 2013, 857,171 and 774,288 shares of common stock were issued under the ESPP, respectively. | ||||||||||||||
Stock Options | ||||||||||||||
The table below summarizes the stock option activity for the nine months ended September 30, 2014: | ||||||||||||||
Options | Weighted- Average Exercise Price | Weighted- Average Remaining Contractual Term (in years) | Aggregate Intrinsic Value | |||||||||||
(in thousands) (1) | ||||||||||||||
Outstanding at December 31, 2013 | 3,355,054 | $ | 1.11 | 6.04 | $ | 35,742 | ||||||||
Exercised | (805,225 | ) | $ | 1 | ||||||||||
Forfeited | (59,489 | ) | $ | 2.41 | ||||||||||
Outstanding at September 30, 2014 | 2,490,340 | $ | 1.14 | 5.3 | $ | 13,796 | ||||||||
Exercisable at September 30, 2014 | 2,484,486 | $ | 1.13 | 5.3 | $ | 13,789 | ||||||||
-1 | The aggregate intrinsic value of options outstanding and exercisable represents the total pretax intrinsic value (the difference between the fair value of the Company's stock on the last day of each period and the exercise price, multiplied by the number of options where the fair value exceeds the exercise price) that would have been received by the option holders had all option holders exercised their options as of September 30, 2014 and December 31, 2013, respectively. | |||||||||||||
Restricted Stock Units | ||||||||||||||
The table below summarizes activity regarding unvested restricted stock units under the Plans for the nine months ended September 30, 2014: | ||||||||||||||
Restricted Stock Units | Weighted- Average Grant Date Fair Value (per share) | |||||||||||||
Unvested at December 31, 2013 | 41,648,055 | $ | 8.06 | |||||||||||
Granted | 22,885,522 | $ | 7.83 | |||||||||||
Vested | (12,741,462 | ) | $ | 7.97 | ||||||||||
Forfeited | (9,586,804 | ) | $ | 8 | ||||||||||
Unvested at September 30, 2014 | 42,205,311 | $ | 8.03 | |||||||||||
Performance Share Units | ||||||||||||||
The Company completed its acquisition of Ticket Monster on January 2, 2014, as described in Note 2 "Business Combinations," and approximately 2,000,000 performance share units were granted to certain key employees of that subsidiary. The vesting of these awards into shares of the Company's Class A common stock is contingent upon the subsidiary's achievement of specified financial targets over three annual performance periods for the years ending December 31, 2014, 2015 and 2016 and is subject to continued employment at the end of each performance period. If the financial targets for a performance period are not achieved, no shares will be issued for that performance period. The grant date fair value of the performance share units was $8.07 per share. | ||||||||||||||
Restricted Stock Awards | ||||||||||||||
The Company has granted restricted stock awards in connection with prior period business combinations. Compensation expense on these awards is recognized on a straight-line basis over the requisite service periods. | ||||||||||||||
The table below summarizes activity regarding unvested restricted stock for the nine months ended September 30, 2014: | ||||||||||||||
Restricted Stock | Weighted- Average Grant Date Fair Value (per share) | |||||||||||||
Unvested at December 31, 2013 | 97,677 | $ | 14 | |||||||||||
Vested | (48,890 | ) | $ | 14.45 | ||||||||||
Forfeited | (13,129 | ) | $ | 17.07 | ||||||||||
Unvested at September 30, 2014 | 35,658 | $ | 15.59 | |||||||||||
Income_Taxes
Income Taxes | 9 Months Ended |
Sep. 30, 2014 | |
Income Tax Disclosure [Abstract] | ' |
Income Tax Disclosure [Text Block] | ' |
INCOME TAXES | |
The Company's tax provision for interim periods is determined using an estimate of its annual effective tax rate, adjusted for discrete items. | |
For the three months ended September 30, 2014, the Company recorded an income tax benefit of $6.4 million on pre-tax losses of $25.5 million, for an effective tax rate of 25.3%. For the three months ended September 30, 2013, the Company recorded income tax expense of $15.9 million on pre-tax income of $14.6 million, for an effective tax rate of 108.8%. | |
For the nine months ended September 30, 2014, the Company recorded income tax expense of $20.2 million on pre-tax losses of $55.1 million, for an effective tax rate of (36.6)%. For the nine months ended September 30, 2013, the Company recorded income tax expense of $62.7 million on pre-tax income of $52.6 million, for an effective tax rate of 119.2%. | |
The Company's U.S. statutory rate is 35%. Significant factors impacting the effective tax rate for the three and nine months ended September 30, 2014 and 2013 included losses in jurisdictions that the Company is not able to benefit due to uncertainty as to the realization of those losses, amortization of the tax effects of intercompany sales of intellectual property and nondeductible stock-based compensation expense. Additionally, the effective tax rate for the three and nine months ended September 30, 2014 included a $7.7 million decrease to the Company's liabilities for uncertain tax positions, as discussed in the following paragraph. | |
The Company is currently undergoing income tax audits in multiple jurisdictions. There are many factors, including factors outside of the Company's control, which influence the progress and completion of these audits. For the three and nine months ended September 30, 2014, the Company decreased its liabilities for uncertain tax positions and income tax expense by $7.7 million as a result of new information that impacted its estimates of amounts that are more-likely-than not of being realized upon ultimate settlement. As of September 30, 2014, the Company believes that it is reasonably possible that additional changes of up to $35.5 million in unrecognized tax benefits may occur within the next 12 months upon closing of income tax audits or the expiration of applicable statutes of limitations. | |
As of September 30, 2014, unamortized tax effects of intercompany transactions of $23.4 million and $1.5 million are included within "Prepaid expenses and other current assets" and "Other non-current assets," respectively, on the condensed consolidated balance sheet. As of December 31, 2013, unamortized tax effects of intercompany transactions of $28.5 million and $20.4 million are included within "Prepaid expenses and other current assets" and "Other non-current assets," respectively, on the condensed consolidated balance sheet. As of September 30, 2014, the estimated future amortization of the tax effects of intercompany transactions is $6.2 million for the remainder of 2014 and $18.7 million for 2015. These amounts exclude the benefits, if any, for tax deductions in other jurisdictions that the Company may be entitled to as a result of the related intercompany transactions. |
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
FAIR VALUE MEASUREMENTS [Abstract] | ' | ||||||||||||||||
Fair Value Measurements [Text Block] | ' | ||||||||||||||||
FAIR VALUE MEASUREMENTS | |||||||||||||||||
Fair value is defined under U.S. GAAP as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As such, fair value is a market-based measurement that is determined based on assumptions that market participants would use in pricing an asset or a liability. | |||||||||||||||||
To increase the comparability of fair value measures, the following hierarchy prioritizes the inputs in valuation methodologies used to measure fair value: | |||||||||||||||||
Level 1 - Measurements that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. | |||||||||||||||||
Level 2 - Measurements that include other inputs that are directly or indirectly observable in the marketplace. | |||||||||||||||||
Level 3 - Measurements derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. These fair value measurements require significant judgment. | |||||||||||||||||
In determining fair value, the Company uses various valuation approaches within the fair value measurement framework. The valuation methodologies used for the Company's assets and liabilities measured at fair value and their classification in the valuation hierarchy are summarized below: | |||||||||||||||||
Cash equivalents - Cash equivalents primarily consist of AAA-rated money market funds with overnight liquidity and no stated maturities. The Company classified cash equivalents as Level 1 due to the short-term nature of these instruments and measured the fair value based on quoted prices in active markets for identical assets. | |||||||||||||||||
Available-for-sale securities - The Company has investments in redeemable preferred shares and convertible debt securities issued by nonpublic entities. The Company measures the fair value of available-for-sale securities using the discounted cash flow method, which is an income approach, and the probability-weighted expected return method, which is an income approach that incorporates probability-weighted outcomes. | |||||||||||||||||
The Company has classified its investments in available-for-sale securities as Level 3 due to the lack of observable market data over fair value inputs such as cash flow projections, discount rates and probability-weightings. Increases in projected cash flows and decreases in discount rates contribute to increases in the estimated fair values of available-for-sale securities, whereas decreases in projected cash flows and increases in discount rates contribute to decreases in their fair values. Additionally, increases in the probabilities of favorable investment outcomes, such as a sale or initial public offering of the investee, and decreases in the probabilities of unfavorable outcomes, such as a default by the investee, contribute to increases in the estimated fair value of available-for-sale securities, whereas decreases in the probabilities of favorable investment outcomes and increases in the probabilities of unfavorable investment outcomes contribute to decreases in their fair values. | |||||||||||||||||
Contingent consideration - The Company has contingent obligations to transfer cash payments to the former owners in conjunction with certain acquisitions if specified financial results are met over future reporting periods. Liabilities for contingent consideration (i.e., earn-outs) are measured at fair value each reporting period, with the acquisition-date fair value included as part of the consideration transferred and subsequent changes in fair value are recorded in earnings within "Acquisition-related (benefit) expense, net" on the condensed consolidated statements of operations. | |||||||||||||||||
The Company uses an income approach to value contingent consideration liabilities, which is determined based on the present value of probability-weighted future cash flows. The Company has generally classified the contingent consideration liabilities as Level 3 due to the lack of relevant observable market data over fair value inputs such as probability-weighting of payment outcomes. Increases in the assessed likelihood of a higher payout under a contingent consideration arrangement contribute to increases in the fair value of the related liability. Conversely, decreases in the assessed likelihood of a higher payout under a contingent consideration arrangement contribute to decreases in the fair value of the related liability. Changes in assumptions could have an impact on the payout of contingent consideration arrangements with a maximum cash payout of $7.3 million as of September 30, 2014. | |||||||||||||||||
The following tables summarize the Company's assets and liabilities that are measured at fair value on a recurring basis (in thousands): | |||||||||||||||||
Fair Value Measurement at Reporting Date Using | |||||||||||||||||
Description | 30-Sep-14 | Quoted Prices in Active Markets for | Significant Other | Significant | |||||||||||||
Identical Assets | Observable | Unobservable | |||||||||||||||
(Level 1) | Inputs | Inputs | |||||||||||||||
(Level 2) | (Level 3) | ||||||||||||||||
Assets: | |||||||||||||||||
Cash equivalents | $ | 440,578 | $ | 440,578 | $ | — | $ | — | |||||||||
Available-for-sale securities: | |||||||||||||||||
Convertible debt securities | 2,030 | — | — | 2,030 | |||||||||||||
Redeemable preferred shares | 4,458 | — | — | 4,458 | |||||||||||||
Liabilities: | |||||||||||||||||
Contingent consideration | 2,986 | — | — | 2,986 | |||||||||||||
Fair Value Measurement at Reporting Date Using | |||||||||||||||||
Description | 31-Dec-13 | Quoted Prices in Active Markets for | Significant Other | Significant | |||||||||||||
Identical Assets | Observable | Unobservable | |||||||||||||||
(Level 1) | Inputs | Inputs | |||||||||||||||
(Level 2) | (Level 3) | ||||||||||||||||
Assets: | |||||||||||||||||
Cash equivalents | $ | 585,514 | $ | 585,514 | $ | — | $ | — | |||||||||
Available-for-sale securities: | |||||||||||||||||
Convertible debt securities | 3,174 | — | — | 3,174 | |||||||||||||
Redeemable preferred shares | — | — | — | — | |||||||||||||
Liabilities: | |||||||||||||||||
Contingent consideration | 606 | — | — | 606 | |||||||||||||
The following table provides a roll-forward of the fair value of recurring Level 3 fair value measurements for the three and nine months ended September 30, 2014 and 2013 (in thousands): | |||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Assets | |||||||||||||||||
Available-for-sale securities | |||||||||||||||||
Convertible debt securities: | |||||||||||||||||
Beginning Balance | $ | 2,630 | $ | 3,233 | $ | 3,174 | $ | 3,087 | |||||||||
Total gains (losses) included in other comprehensive income | 740 | (177 | ) | 196 | (31 | ) | |||||||||||
Total (losses) gains included in other expense (income), net | (1,340 | ) | — | (1,340 | ) | — | |||||||||||
Ending Balance | $ | 2,030 | $ | 3,056 | $ | 2,030 | $ | 3,056 | |||||||||
Unrealized (losses) gains still held(1) | $ | (600 | ) | $ | (177 | ) | $ | (1,144 | ) | $ | (31 | ) | |||||
Redeemable preferred shares:(2) | |||||||||||||||||
Beginning Balance | $ | 4,544 | $ | 42,539 | $ | — | $ | 42,539 | |||||||||
Purchase of redeemable preferred shares | — | — | 4,599 | — | |||||||||||||
Total (losses) gains included in other comprehensive income | (86 | ) | — | (141 | ) | — | |||||||||||
Ending Balance | $ | 4,458 | $ | 42,539 | $ | 4,458 | $ | 42,539 | |||||||||
Unrealized (losses) gains still held(1) | $ | (86 | ) | $ | — | $ | (141 | ) | $ | — | |||||||
Liabilities | |||||||||||||||||
Contingent Consideration: | |||||||||||||||||
Beginning Balance | $ | 4,006 | $ | 6,854 | $ | 606 | $ | 7,601 | |||||||||
Issuance of contingent consideration in connection with acquisitions | — | 3,537 | 4,006 | 3,567 | |||||||||||||
Settlements of contingent consideration liabilities | — | (750 | ) | (424 | ) | (780 | ) | ||||||||||
Reclass to non-fair value liabilities when no longer contingent | — | — | (143 | ) | — | ||||||||||||
Total (gains) losses included in earnings(3) | (1,020 | ) | (1,529 | ) | (1,059 | ) | (2,276 | ) | |||||||||
Ending Balance | $ | 2,986 | $ | 8,112 | $ | 2,986 | $ | 8,112 | |||||||||
Unrealized (gains) losses still held(1) | $ | (1,020 | ) | $ | (1,408 | ) | $ | (1,020 | ) | $ | (2,155 | ) | |||||
-1 | Represents the unrealized losses or gains recorded in earnings and/or other comprehensive (loss) income during the period for assets and liabilities classified as Level 3 that are still held (or outstanding) at the end of the period. | ||||||||||||||||
-2 | For the three and nine months ended September 30, 2013, the Company's investments in Life Media Limited (F-tuan) preferred shares were previously classified as cost method investments and have been reclassified to the available-for-sale category in this table. The balance as of September 30, 2013 represents the Company’s investments in F-tuan preferred shares, which were written down to zero through an other-than-temporary impairment charge as of December 31, 2013 and continue to have an estimated fair value of zero as of September 30, 2014. The $4.5 million balance as of September 30, 2014 represents the Company's investment in the preferred shares of an online home services company during the three months ended March 31, 2014, as described in Note 4 "Investments." | ||||||||||||||||
-3 | Changes in the fair value of contingent consideration liabilities are classified within "Acquisition-related (benefit) expense, net" on the condensed consolidated statements of operations. | ||||||||||||||||
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis | |||||||||||||||||
Certain assets and liabilities are measured at fair value on a nonrecurring basis, including assets that are written down to fair value as a result of an impairment. The Company did not record any significant nonrecurring fair value measurements after initial recognition during the three and nine months ended September 30, 2014 and 2013. | |||||||||||||||||
Estimated Fair Value of Financial Assets and Liabilities Not Measured at Fair Value | |||||||||||||||||
The following table presents the carrying amounts and fair values of financial instruments that are not carried at fair value in the condensed consolidated financial statements (in thousands): | |||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||
Carrying Amount | Fair Value | Carrying Amount | Fair Value | ||||||||||||||
Cost method investments | $ | 15,920 | $ | 16,037 | $ | 15,788 | $ | 15,573 | |||||||||
The fair values of the Company's cost method investments were determined using the market approach or the income approach, depending on the availability of fair value inputs such as financial projections for the investees and market multiples for comparable companies. The Company has classified the fair value measurements of its cost method investments as Level 3 measurements within the fair value hierarchy because they involve significant unobservable inputs such as cash flow projections and discount rates. | |||||||||||||||||
The Company's other financial instruments not carried at fair value consist primarily of short term certificates of deposit, accounts receivable, restricted cash, accounts payable, accrued merchant and supplier payables and accrued expenses. The carrying values of these assets and liabilities approximate their respective fair values as of September 30, 2014 and December 31, 2013 due to their short term nature. |
Loss_Per_Share_of_Class_A_and_
Loss Per Share of Class A and Class B Common Stock | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||
LOSS PER SHARE OF CLASS A AND CLASS B COMMON STOCK [Abstract] [Abstract] | ' | ||||||||||||||||||||||||||||||||
Loss Per Share of Class A and Class B Common Stock [Text Block] | ' | ||||||||||||||||||||||||||||||||
LOSS PER SHARE OF CLASS A AND CLASS B COMMON STOCK | |||||||||||||||||||||||||||||||||
The Company computes loss per share of Class A and Class B common stock using the two-class method. Basic loss per share is computed using the weighted-average number of common shares outstanding during the period. Diluted loss per share is computed using the weighted-average number of common shares and the effect of potentially dilutive equity awards outstanding during the period. Potentially dilutive securities consist of stock options, restricted stock units, unvested restricted stock awards, performance share units and ESPP shares. The dilutive effect of these equity awards are reflected in diluted loss per share by application of the treasury stock method. The computation of the diluted loss per share of Class A common stock assumes the conversion of Class B common stock, if dilutive, while the diluted loss per share of Class B common stock does not assume the conversion of those shares. | |||||||||||||||||||||||||||||||||
The rights, including the liquidation and dividend rights, of the holders of Class A and Class B common stock are identical, except with respect to voting. Under the two-class method, the undistributed earnings for each period are allocated based on the contractual participation rights of the Class A and Class B common shares as if the earnings for the period had been distributed. As the liquidation and dividend rights are identical, the undistributed earnings are allocated on a proportionate basis. Further, as the Company assumes the conversion of Class B common stock, if dilutive, in the computation of the diluted loss per share of Class A common stock, the undistributed earnings are equal to net income for that computation. | |||||||||||||||||||||||||||||||||
The following table sets forth the computation of basic and diluted loss per share of Class A and Class B common stock for the three and nine months ended September 30, 2014 and 2013 (in thousands, except share amounts and per share amounts): | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||
Class A | Class B | Class A | Class B | Class A | Class B | Class A | Class B | ||||||||||||||||||||||||||
Basic loss per share: | |||||||||||||||||||||||||||||||||
Numerator | |||||||||||||||||||||||||||||||||
Allocation of net loss | $ | (18,950 | ) | $ | (68 | ) | $ | (1,287 | ) | $ | (5 | ) | $ | (75,035 | ) | $ | (268 | ) | $ | (10,049 | ) | $ | (36 | ) | |||||||||
Less: Allocation of net income attributable to noncontrolling interests | 2,182 | 8 | 1,283 | 5 | 6,552 | 23 | 4,046 | 15 | |||||||||||||||||||||||||
Allocation of net loss attributable to common stockholders | $ | (21,132 | ) | $ | (76 | ) | $ | (2,570 | ) | $ | (10 | ) | $ | (81,587 | ) | $ | (291 | ) | $ | (14,095 | ) | $ | (51 | ) | |||||||||
Denominator | |||||||||||||||||||||||||||||||||
Weighted-average common shares outstanding | 667,126,548 | 2,399,976 | 664,032,872 | 2,399,976 | 673,414,559 | 2,399,976 | 660,131,591 | 2,399,976 | |||||||||||||||||||||||||
Basic loss per share | $ | (0.03 | ) | $ | (0.03 | ) | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.12 | ) | $ | (0.12 | ) | $ | (0.02 | ) | $ | (0.02 | ) | |||||||||
Diluted loss per share: | |||||||||||||||||||||||||||||||||
Numerator | |||||||||||||||||||||||||||||||||
Allocation of net loss attributable to common stockholders | $ | (21,132 | ) | $ | (76 | ) | $ | (2,570 | ) | $ | (10 | ) | $ | (81,587 | ) | $ | (291 | ) | $ | (14,095 | ) | $ | (51 | ) | |||||||||
Reallocation of net income attributable to common stockholders as a result of conversion of Class B(1) | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Allocation of net loss attributable to common stockholders | $ | (21,132 | ) | $ | (76 | ) | $ | (2,570 | ) | $ | (10 | ) | $ | (81,587 | ) | $ | (291 | ) | $ | (14,095 | ) | $ | (51 | ) | |||||||||
Denominator | |||||||||||||||||||||||||||||||||
Weighted-average common shares outstanding used in basic computation | 667,126,548 | 2,399,976 | 664,032,872 | 2,399,976 | 673,414,559 | 2,399,976 | 660,131,591 | 2,399,976 | |||||||||||||||||||||||||
Conversion of Class B(1) | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Employee stock options(1) | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Restricted shares and RSUs(1) | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Weighted-average diluted shares outstanding(1) | 667,126,548 | 2,399,976 | 664,032,872 | 2,399,976 | 673,414,559 | 2,399,976 | 660,131,591 | 2,399,976 | |||||||||||||||||||||||||
Diluted loss per share | $ | (0.03 | ) | $ | (0.03 | ) | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.12 | ) | $ | (0.12 | ) | $ | (0.02 | ) | $ | (0.02 | ) | |||||||||
-1 | Conversion of Class B shares into Class A shares and outstanding equity awards have not been reflected in the diluted loss per share calculation for the three and nine months ended September 30, 2014 and 2013 because the effect would be antidilutive. | ||||||||||||||||||||||||||||||||
The following outstanding equity awards are not included in the diluted loss per share calculation above because they would have had an antidilutive effect: | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||
Stock options | 2,610,764 | 5,023,559 | 2,905,390 | 6,242,363 | |||||||||||||||||||||||||||||
Restricted stock units | 43,989,496 | 43,020,496 | 42,713,167 | 39,076,490 | |||||||||||||||||||||||||||||
Restricted stock | 36,988 | 217,005 | 58,718 | 357,339 | |||||||||||||||||||||||||||||
ESPP shares | 466,271 | 334,213 | 528,796 | 484,184 | |||||||||||||||||||||||||||||
Total | 47,103,519 | 48,595,273 | 46,206,071 | 46,160,376 | |||||||||||||||||||||||||||||
In addition to the antidilutive awards as set forth in the table above, the Company also granted approximately 2,000,000 performance share units in connection with its acquisition of Ticket Monster during the nine months ended September 30, 2014. Contingently issuable shares are excluded from the computation of diluted EPS if, based on current period results, the shares would not be issuable if the end of the reporting period were the end of the contingency period. These outstanding performance share units have been excluded from the table above for the nine months ended September 30, 2014 as the performance conditions would not have been satisfied as of the end of the period. |
Segment_Information
Segment Information | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||
SEGMENT INFORMATION [Abstract] | ' | ||||||||||||||||||||||||||||||||
Segment Reporting Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||||||
SEGMENT INFORMATION | |||||||||||||||||||||||||||||||||
The company organizes its operations into three segments: North America, EMEA, which is comprised of Europe, Middle East and Africa, and the remainder of the Company's international operations ("Rest of World"). Segment operating results reflect earnings before stock-based compensation, acquisition-related (benefit) expense, net, other (expense) income, net and (benefit) provision for income taxes. Segment information reported in the tables below represents the operating segments of the Company organized in a manner consistent with which separate information is available and for which segment results are evaluated regularly by the Company's chief operating decision-maker in assessing performance and allocating resources. | |||||||||||||||||||||||||||||||||
Revenue and profit or loss information by reportable segment reconciled to consolidated net loss for the three and nine months ended September 30, 2014 and 2013 were as follows (in thousands): | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||
North America | |||||||||||||||||||||||||||||||||
Revenue(1) | $ | 418,494 | $ | 360,838 | $ | 1,273,487 | $ | 1,077,574 | |||||||||||||||||||||||||
Segment cost of revenue and operating expenses(2) | 405,910 | 335,670 | 1,234,973 | 962,532 | |||||||||||||||||||||||||||||
Segment operating income(2) | 12,584 | 25,168 | 38,514 | 115,042 | |||||||||||||||||||||||||||||
EMEA | |||||||||||||||||||||||||||||||||
Revenue(1) | 230,072 | 147,950 | 688,655 | 491,710 | |||||||||||||||||||||||||||||
Segment cost of revenue and operating expenses(2) | 207,643 | 132,346 | 619,594 | 417,222 | |||||||||||||||||||||||||||||
Segment operating income(2) | 22,429 | 15,604 | 69,061 | 74,488 | |||||||||||||||||||||||||||||
Rest of World | |||||||||||||||||||||||||||||||||
Revenue | 108,488 | 86,271 | 304,125 | 235,924 | |||||||||||||||||||||||||||||
Segment cost of revenue and operating expenses(2) | 114,660 | 87,890 | 352,900 | 276,105 | |||||||||||||||||||||||||||||
Segment operating loss(2) | (6,172 | ) | (1,619 | ) | (48,775 | ) | (40,181 | ) | |||||||||||||||||||||||||
Consolidated | |||||||||||||||||||||||||||||||||
Revenue | 757,054 | 595,059 | 2,266,267 | 1,805,208 | |||||||||||||||||||||||||||||
Segment cost of revenue and operating expenses(2) | 728,213 | 555,906 | 2,207,467 | 1,655,859 | |||||||||||||||||||||||||||||
Segment operating income(2) | 28,841 | 39,153 | 58,800 | 149,349 | |||||||||||||||||||||||||||||
Stock-based compensation | 34,574 | 26,870 | 89,958 | 89,223 | |||||||||||||||||||||||||||||
Acquisition-related (benefit) expense, net | (304 | ) | (1,529 | ) | 2,078 | (2,276 | ) | ||||||||||||||||||||||||||
(Loss) income from operations | (5,429 | ) | 13,812 | (33,236 | ) | 62,402 | |||||||||||||||||||||||||||
Other (expense) income, net | (20,023 | ) | 832 | (21,886 | ) | (9,830 | ) | ||||||||||||||||||||||||||
(Loss) income before (benefit) provision for income taxes | (25,452 | ) | 14,644 | (55,122 | ) | 52,572 | |||||||||||||||||||||||||||
(Benefit) provision for income taxes | (6,434 | ) | 15,936 | 20,181 | 62,657 | ||||||||||||||||||||||||||||
Net loss | $ | (19,018 | ) | $ | (1,292 | ) | $ | (75,303 | ) | $ | (10,085 | ) | |||||||||||||||||||||
-1 | North America includes revenue from the United States of $409.3 million and $349.1 million for the three months ended September 30, 2014 and 2013, respectively, and $1,242.4 million and $1,039.7 million for the nine months ended September 30, 2014 and 2013, respectively. Beginning in September 2013, direct revenue transactions in the EMEA Goods category have been transacted through a Switzerland-based subsidiary. As a result, EMEA includes revenue from Switzerland of $117.7 million and $312.0 million for the three and nine months ended September 30, 2014, respectively. | ||||||||||||||||||||||||||||||||
-2 | Segment cost of revenue and operating expenses and segment operating income (loss) exclude stock-based compensation and acquisition-related (benefit) expense, net. This presentation corresponds to the measure of segment profit or loss that the Company's chief operating decision-maker uses in assessing segment performance and making resource allocation decisions. The following table summarizes the Company's stock-based compensation expense and acquisition-related (benefit) expense, net by reportable segment for the three and nine months ended September 30, 2014 and 2013 (in thousands): | ||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||
Stock-based compensation | Acquisition-related | Stock-based compensation | Acquisition-related | Stock-based compensation | Acquisition-related | Stock-based compensation | Acquisition-related | ||||||||||||||||||||||||||
North America | $ | 28,493 | $ | (304 | ) | $ | 21,082 | $ | (984 | ) | $ | 74,179 | $ | 1,934 | $ | 69,494 | $ | (1,364 | ) | ||||||||||||||
EMEA | 2,687 | — | 2,616 | (545 | ) | 7,187 | 144 | 9,082 | (912 | ) | |||||||||||||||||||||||
Rest of World | 3,394 | — | 3,172 | — | 8,592 | — | 10,647 | — | |||||||||||||||||||||||||
Consolidated | $ | 34,574 | $ | (304 | ) | $ | 26,870 | $ | (1,529 | ) | $ | 89,958 | $ | 2,078 | $ | 89,223 | $ | (2,276 | ) | ||||||||||||||
Acquisition-related (benefit) expense, net for the North America segment includes external transaction costs and gains and losses relating to contingent consideration obligations incurred by U.S. legal entities relating to purchases of businesses that became part of the EMEA and Rest of World segments, which is consistent with the attribution used for internal reporting purposes. | |||||||||||||||||||||||||||||||||
The following table summarizes the Company's total assets by reportable segment as of September 30, 2014 and December 31, 2013 (in thousands): | |||||||||||||||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||||||||||||||
North America (1) | $ | 978,814 | $ | 1,267,158 | |||||||||||||||||||||||||||||
EMEA | 543,257 | 616,126 | |||||||||||||||||||||||||||||||
Rest of World (1) | 550,094 | 158,726 | |||||||||||||||||||||||||||||||
Consolidated total assets | $ | 2,072,165 | $ | 2,042,010 | |||||||||||||||||||||||||||||
-1 | North America contains assets from the United States of $940.8 million and $1,231.3 million as of September 30, 2014 and December 31, 2013, respectively. Rest of World contains assets from the Republic of Korea, including those assets acquired as a part of our acquisition of Ticket Monster described in Note 2 "Business Combinations," of $395.0 million as of September 30, 2014. There were no other individual countries that represented more than 10% of consolidated total assets as of September 30, 2014 and December 31, 2013, respectively. | ||||||||||||||||||||||||||||||||
Category Information | |||||||||||||||||||||||||||||||||
The Company offers goods and services through three primary categories: Local Deals ("Local"), Groupon Goods ("Goods") and Groupon Getaways ("Travel"). The Company also earns advertising revenue, payment processing revenue, point of sale revenue, reservation revenue and commission revenue. Revenue and gross profit from these other sources were previously considered to be distinct from our primary categories and were aggregated with revenue and gross profit from Travel, our smallest category. In recent periods, these other revenue sources have been increasingly viewed by management as a component of the Local category, as they are primarily generated through the Company's relationships with local and national merchants. Accordingly, the Company updated its presentation of category information, effective beginning with the quarter ended March 31, 2014, to include other revenue and gross profit within the Local category in the tables below, and the prior period category information has been retrospectively adjusted to conform to the current period presentation. | |||||||||||||||||||||||||||||||||
The following table summarizes the Company's third party and other and direct revenue by category for its three reportable segments for the three months ended September 30, 2014 and 2013 (in thousands): | |||||||||||||||||||||||||||||||||
North America | EMEA | Rest of World | Consolidated | ||||||||||||||||||||||||||||||
Three Months Ended September 30, | Three Months Ended September 30, | Three Months Ended September 30, | Three Months Ended September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||
Local (1): | |||||||||||||||||||||||||||||||||
Third party and other | $ | 161,912 | $ | 161,306 | $ | 90,002 | $ | 92,141 | $ | 45,085 | $ | 51,900 | $ | 296,999 | $ | 305,347 | |||||||||||||||||
Direct | — | 1,040 | — | — | — | — | — | 1,040 | |||||||||||||||||||||||||
Total | 161,912 | 162,346 | 90,002 | 92,141 | 45,085 | 51,900 | 296,999 | 306,387 | |||||||||||||||||||||||||
Goods: | |||||||||||||||||||||||||||||||||
Third party | 1,139 | 3,999 | 14,750 | 32,008 | 37,814 | 17,215 | 53,703 | 53,222 | |||||||||||||||||||||||||
Direct | 237,816 | 181,915 | 108,360 | 9,271 | 11,075 | 7,846 | 357,251 | 199,032 | |||||||||||||||||||||||||
Total | 238,955 | 185,914 | 123,110 | 41,279 | 48,889 | 25,061 | 410,954 | 252,254 | |||||||||||||||||||||||||
Travel: | |||||||||||||||||||||||||||||||||
Third party | 17,627 | 12,578 | 16,960 | 14,530 | 14,514 | 9,310 | 49,101 | 36,418 | |||||||||||||||||||||||||
Total revenue | $ | 418,494 | $ | 360,838 | $ | 230,072 | $ | 147,950 | $ | 108,488 | $ | 86,271 | $ | 757,054 | $ | 595,059 | |||||||||||||||||
-1 | Includes revenue from deals with local merchants, from deals with national merchants, and through local events. | ||||||||||||||||||||||||||||||||
The following table summarizes the Company's third party and other and direct revenue by category for its three reportable segments for the nine months ended September 30, 2014 and 2013 (in thousands): | |||||||||||||||||||||||||||||||||
North America | EMEA | Rest of World | Consolidated | ||||||||||||||||||||||||||||||
Nine Months Ended | Nine Months Ended | Nine Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||
September 30, | September 30, | September 30, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||
Local (1): | |||||||||||||||||||||||||||||||||
Third party and other | $ | 503,659 | $ | 510,284 | $ | 295,607 | $ | 313,959 | $ | 131,610 | $ | 141,163 | $ | 930,876 | $ | 965,406 | |||||||||||||||||
Direct | — | 1,733 | — | — | — | — | — | 1,733 | |||||||||||||||||||||||||
Total | 503,659 | 512,017 | 295,607 | 313,959 | 131,610 | 141,163 | 930,876 | 967,139 | |||||||||||||||||||||||||
Goods: | |||||||||||||||||||||||||||||||||
Third party | 3,859 | 11,794 | 49,070 | 110,821 | 112,686 | 50,262 | 165,615 | 172,877 | |||||||||||||||||||||||||
Direct | 714,157 | 511,357 | 296,342 | 18,903 | 23,595 | 20,249 | 1,034,094 | 550,509 | |||||||||||||||||||||||||
Total | 718,016 | 523,151 | 345,412 | 129,724 | 136,281 | 70,511 | 1,199,709 | 723,386 | |||||||||||||||||||||||||
Travel: | |||||||||||||||||||||||||||||||||
Third party | 51,812 | 42,406 | 47,636 | 48,027 | 36,234 | 24,250 | 135,682 | 114,683 | |||||||||||||||||||||||||
Total revenue | $ | 1,273,487 | $ | 1,077,574 | $ | 688,655 | $ | 491,710 | $ | 304,125 | $ | 235,924 | $ | 2,266,267 | $ | 1,805,208 | |||||||||||||||||
-1 | Includes revenue from deals with local merchants, from deals with national merchants, and through local events. | ||||||||||||||||||||||||||||||||
The following table summarizes the Company's gross profit by category for its three reportable segments for the three months ended September 30, 2014 and 2013 (in thousands): | |||||||||||||||||||||||||||||||||
North America | EMEA | Rest of World | Consolidated | ||||||||||||||||||||||||||||||
Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | ||||||||||||||||||||||||||||||
September 30, | September 30, | September 30, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||
Local (1): | |||||||||||||||||||||||||||||||||
Third party and other | $ | 138,189 | $ | 139,737 | $ | 83,956 | $ | 81,808 | $ | 38,592 | $ | 44,435 | $ | 260,737 | $ | 265,980 | |||||||||||||||||
Direct | — | (847 | ) | — | — | — | — | — | (847 | ) | |||||||||||||||||||||||
Total | 138,189 | 138,890 | 83,956 | 81,808 | 38,592 | 44,435 | 260,737 | 265,133 | |||||||||||||||||||||||||
Goods: | |||||||||||||||||||||||||||||||||
Third party | 951 | 3,519 | 12,307 | 28,036 | 23,986 | 11,530 | 37,244 | 43,085 | |||||||||||||||||||||||||
Direct | 23,002 | 18,090 | 19,945 | 907 | (1,109 | ) | 486 | 41,838 | 19,483 | ||||||||||||||||||||||||
Total | 23,953 | 21,609 | 32,252 | 28,943 | 22,877 | 12,016 | 79,082 | 62,568 | |||||||||||||||||||||||||
Travel: | |||||||||||||||||||||||||||||||||
Third party | 14,000 | 11,070 | 15,440 | 12,930 | 10,885 | 7,921 | 40,325 | 31,921 | |||||||||||||||||||||||||
Total gross profit | $ | 176,142 | $ | 171,569 | $ | 131,648 | $ | 123,681 | $ | 72,354 | $ | 64,372 | $ | 380,144 | $ | 359,622 | |||||||||||||||||
-1 | Includes gross profit from deals with local merchants, from deals with national merchants, and through local events. | ||||||||||||||||||||||||||||||||
The following table summarizes the Company's gross profit by category for its three reportable segments for the nine months ended September 30, 2014 and 2013 (in thousands): | |||||||||||||||||||||||||||||||||
North America | EMEA | Rest of World | Consolidated | ||||||||||||||||||||||||||||||
Nine Months Ended | Nine Months Ended | Nine Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||
September 30, | September 30, | September 30, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||
Local (1): | |||||||||||||||||||||||||||||||||
Third party and other | $ | 433,485 | $ | 441,787 | $ | 274,395 | $ | 278,515 | $ | 108,958 | $ | 119,810 | $ | 816,838 | $ | 840,112 | |||||||||||||||||
Direct | — | (790 | ) | — | — | — | — | — | (790 | ) | |||||||||||||||||||||||
Total | 433,485 | 440,997 | 274,395 | 278,515 | 108,958 | 119,810 | 816,838 | 839,322 | |||||||||||||||||||||||||
Goods: | |||||||||||||||||||||||||||||||||
Third party | 3,239 | 10,317 | 43,019 | 96,264 | 72,101 | 27,507 | 118,359 | 134,088 | |||||||||||||||||||||||||
Direct | 56,279 | 50,725 | 51,967 | (239 | ) | (2,466 | ) | 187 | 105,780 | 50,673 | |||||||||||||||||||||||
Total | 59,518 | 61,042 | 94,986 | 96,025 | 69,635 | 27,694 | 224,139 | 184,761 | |||||||||||||||||||||||||
Travel: | |||||||||||||||||||||||||||||||||
Third party | 42,807 | 36,472 | 44,003 | 42,393 | 27,940 | 20,377 | 114,750 | 99,242 | |||||||||||||||||||||||||
Total gross profit | $ | 535,810 | $ | 538,511 | $ | 413,384 | $ | 416,933 | $ | 206,533 | $ | 167,881 | $ | 1,155,727 | $ | 1,123,325 | |||||||||||||||||
-1 | Includes gross profit from deals with local merchants, from deals with national merchants, and through local events. |
Description_of_Business_and_Ba1
Description of Business and Basis of Presentation (Policies) | 9 Months Ended |
Sep. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Consolidation, Policy [Policy Text Block] | ' |
Principles of Consolidation | |
The condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The Company's consolidated financial statements were prepared in accordance with U.S. GAAP and include the assets, liabilities, revenue and expenses of all wholly-owned subsidiaries and majority-owned subsidiaries over which the Company exercises control and variable interest entities for which the Company has determined that it is the primary beneficiary. Outside stockholders' interests in subsidiaries are shown on the condensed consolidated financial statements as "Noncontrolling interests." Equity investments in entities in which the Company does not have a controlling financial interest are accounted for under either the equity method, the cost method or as available-for-sale securities, as appropriate. | |
Reclassification, Policy [Policy Text Block] | ' |
Reclassifications | |
Certain reclassifications have been made to the condensed consolidated financial statements of prior periods and the accompanying notes to conform to the current period presentation. | |
Use of Estimates, Policy [Policy Text Block] | ' |
Use of Estimates | |
The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires estimates and assumptions that affect the reported amounts and classifications of assets and liabilities, revenue and expenses, and the related disclosures of contingent liabilities in the condensed consolidated financial statements and accompanying notes. Estimates are utilized for, but not limited to, stock-based compensation, income taxes, valuation of acquired goodwill and intangible assets, investments, customer refunds, contingent liabilities and the useful lives of property, equipment and software and intangible assets. Actual results could differ materially from those estimates. |
Business_Combinations_and_Acqu1
Business Combinations and Acquisitions of Noncontrolling Interests (Tables) | 9 Months Ended | ||||||
Sep. 30, 2014 | |||||||
Business Combinations [Abstract] | ' | ||||||
Schedule of Business Acquisitions, Consideration Transferred | ' | ||||||
The aggregate acquisition-date fair value of the consideration transferred for these acquisitions totaled $7.5 million, which consisted of the following (in thousands): | |||||||
Cash | $ | 3,477 | |||||
Contingent consideration | 4,006 | ||||||
Total | $ | 7,483 | |||||
The aggregate acquisition-date fair value of the consideration transferred for the Ticket Monster acquisition totaled $259.4 million, which consisted of the following (in thousands): | |||||||
Cash | $ | 96,496 | |||||
Issuance of 13,825,283 shares of Class A common stock | 162,862 | ||||||
Total | $ | 259,358 | |||||
The aggregate acquisition-date fair value of the consideration transferred for the Ideel acquisition totaled $42.7 million, which consisted of the following (in thousands): | |||||||
Cash | $ | 42,339 | |||||
Liability for purchase consideration | 359 | ||||||
Total | $ | 42,698 | |||||
Schedule of Business Acquisitions, Purchase Price Allocation | ' | ||||||
The following table summarizes the allocation of the aggregate acquisition price of the Ideel acquisition (in thousands): | |||||||
Cash and cash equivalents | $ | 79 | |||||
Accounts receivable | 988 | ||||||
Deferred income taxes | 572 | ||||||
Prepaid expenses and other current assets | 22,081 | ||||||
Property, equipment and software | 8,173 | ||||||
Goodwill | 5,379 | ||||||
Intangible assets:(1) | |||||||
Subscriber relationships | 5,490 | ||||||
Brand relationships | 7,100 | ||||||
Trade name | 4,500 | ||||||
Deferred income taxes, non-current | 7,753 | ||||||
Total assets acquired | $ | 62,115 | |||||
Accounts payable | $ | 1,640 | |||||
Accrued supplier payables | 4,092 | ||||||
Accrued expenses | 9,118 | ||||||
Other current liabilities | 482 | ||||||
Deferred income taxes, non-current | 332 | ||||||
Other non-current liabilities | 3,753 | ||||||
Total liabilities assumed | $ | 19,417 | |||||
Total acquisition price | $ | 42,698 | |||||
-1 | The acquired intangible assets have estimated useful lives of between 3 and 5 years. | ||||||
The following table summarizes the allocation of the aggregate purchase price of these other acquisitions (in thousands): | |||||||
Net working capital (including acquired cash of $0.2 million) | $ | (52 | ) | ||||
Goodwill | 6,261 | ||||||
Intangible assets: (1) | |||||||
Subscriber relationships | 560 | ||||||
Brand relationships | 579 | ||||||
Developed technology | 568 | ||||||
Deferred income taxes, non-current | (433 | ) | |||||
Total acquisition price | $ | 7,483 | |||||
-1 | Acquired intangible assets have estimated useful lives of between 3 and 5 years. | ||||||
The following table summarizes the allocation of the aggregate acquisition price of the Ticket Monster acquisition (in thousands): | |||||||
Cash and cash equivalents | $ | 24,768 | |||||
Accounts receivable | 15,832 | ||||||
Deferred income taxes | 1,264 | ||||||
Prepaid expenses and other current assets | 829 | ||||||
Property, equipment and software | 5,944 | ||||||
Goodwill | 220,592 | ||||||
Intangible assets:(1) | |||||||
Subscriber relationships | 57,022 | ||||||
Merchant relationships | 32,176 | ||||||
Developed technology | 571 | ||||||
Trade name | 19,325 | ||||||
Other non-current assets | 3,033 | ||||||
Total assets acquired | $ | 381,356 | |||||
Accounts payable | $ | 5,951 | |||||
Accrued merchant and supplier payables | 82,934 | ||||||
Accrued expenses | 22,700 | ||||||
Other current liabilities | 3,482 | ||||||
Deferred income taxes, non-current | 1,264 | ||||||
Other non-current liabilities | 5,667 | ||||||
Total liabilities assumed | $ | 121,998 | |||||
Total acquisition price | $ | 259,358 | |||||
-1 | The acquired intangible assets have estimated useful lives of between 2 and 5 years. | ||||||
Business Acquisition, Pro Forma Information [Table Text Block] | ' | ||||||
The following unaudited pro forma information presents the combined operating results of the Company for the three and nine months ended September 30, 2013, as if the Company had acquired Ticket Monster and Ideel as of January 1, 2013 (in thousands). Pro forma results of operations have not been presented for the nine months ended September 30, 2014, because the operating results of Ticket Monster and Ideel from January 1, 2014 through their respective acquisition dates were not material to the Company's consolidated results of operations for the nine months ended September 30, 2014. The underlying pro forma results include the historical financial results of the Company and these two acquired businesses adjusted for depreciation and amortization expense associated with the assets acquired. The unaudited pro forma results do not reflect any operating efficiencies or potential cost savings which may result from the consolidation of the operations of the Company and the acquired entities. Accordingly, these unaudited pro forma results are not necessarily indicative of what the actual results of operations of the combined company would have been if the acquisitions had occurred as of January 1, 2013, nor are they indicative of future results of operations. | |||||||
Three Months Ended | Nine Months Ended | ||||||
September 30, 2013 | September 30, 2013 | ||||||
Revenue | $ | 642,645 | $ | 1,949,406 | |||
Net loss | (23,004 | ) | (79,936 | ) |
Goodwill_and_Other_Intangible_1
Goodwill and Other Intangible Assets (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract] | ' | ||||||||||||||||
Schedule of Goodwill [Table Text Block] | ' | ||||||||||||||||
The following table summarizes the Company's goodwill activity by segment for the nine months ended September 30, 2014 (in thousands): | |||||||||||||||||
North America | EMEA | Rest of World | Consolidated | ||||||||||||||
Balance as of December 31, 2013 | $ | 85,457 | $ | 115,669 | $ | 19,701 | $ | 220,827 | |||||||||
Goodwill related to acquisitions | 11,640 | — | 220,592 | 232,232 | |||||||||||||
Other adjustments(1) | (157 | ) | (9,578 | ) | (2,034 | ) | (11,769 | ) | |||||||||
Balance as of September 30, 2014 | $ | 96,940 | $ | 106,091 | $ | 238,259 | $ | 441,290 | |||||||||
-1 | Represents the impact of changes in foreign exchange rates on goodwill. | ||||||||||||||||
Schedule of Finite-Lived Intangible Assets by Major Class [Table Text Block] | ' | ||||||||||||||||
The following tables summarize the Company's other intangible assets (in thousands): | |||||||||||||||||
30-Sep-14 | |||||||||||||||||
Asset Category | Gross Carrying Value | Accumulated Amortization | Net Carrying Value | ||||||||||||||
Subscriber relationships | $ | 105,108 | $ | 44,891 | $ | 60,217 | |||||||||||
Merchant relationships | 40,653 | 16,522 | 24,131 | ||||||||||||||
Trade names | 29,980 | 9,800 | 20,180 | ||||||||||||||
Developed technology | 23,415 | 21,663 | 1,752 | ||||||||||||||
Brand relationships | 7,664 | 1,103 | 6,561 | ||||||||||||||
Other intangible assets | 17,199 | 10,230 | 6,969 | ||||||||||||||
Total | $ | 224,019 | $ | 104,209 | $ | 119,810 | |||||||||||
31-Dec-13 | |||||||||||||||||
Asset Category | Gross Carrying Value | Accumulated Amortization | Net Carrying Value | ||||||||||||||
Subscriber relationships | $ | 45,541 | $ | 30,866 | $ | 14,675 | |||||||||||
Merchant relationships | 9,186 | 7,991 | 1,195 | ||||||||||||||
Trade names | 6,739 | 6,739 | — | ||||||||||||||
Developed technology | 23,038 | 19,547 | 3,491 | ||||||||||||||
Other intangible assets | 16,776 | 7,694 | 9,082 | ||||||||||||||
Total | $ | 101,280 | $ | 72,837 | $ | 28,443 | |||||||||||
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | ' | ||||||||||||||||
As of September 30, 2014, the Company's estimated future amortization expense related to intangible assets is as follows (in thousands): | |||||||||||||||||
Remaining amounts in 2014 | $ | 11,094 | |||||||||||||||
2015 | 39,055 | ||||||||||||||||
2016 | 32,912 | ||||||||||||||||
2017 | 18,575 | ||||||||||||||||
2018 | 18,089 | ||||||||||||||||
Thereafter | 85 | ||||||||||||||||
Total | $ | 119,810 | |||||||||||||||
Investments_Tables
Investments (Tables) | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||
Investments, All Other Investments [Abstract] | ' | |||||||||||||||||||||||
Schedule of Cost and Equity Method Investments [Table Text Block] | ' | |||||||||||||||||||||||
The following table summarizes the Company's investments (dollars in thousands): | ||||||||||||||||||||||||
30-Sep-14 | Percent Ownership of Voting Stock | December 31, 2013 | Percent Ownership of Voting Stock | |||||||||||||||||||||
Cost and equity method investments: | ||||||||||||||||||||||||
Cost method investments | $ | 15,920 | 6 | % | to | 19 | % | $ | 15,788 | 6 | % | to | 19 | % | ||||||||||
Equity method investments | 1,231 | 21 | % | to | 50 | % | 1,690 | 21 | % | to | 50 | % | ||||||||||||
Total cost and equity method investments | 17,151 | 17,478 | ||||||||||||||||||||||
Available-for-sale securities: | ||||||||||||||||||||||||
Convertible debt securities | 2,030 | 3,174 | ||||||||||||||||||||||
Redeemable preferred shares | 4,458 | 19 | % | to | 23 | % | — | 19 | % | |||||||||||||||
Total available-for-sale securities | 6,488 | 3,174 | ||||||||||||||||||||||
Total investments | $ | 23,639 | $ | 20,652 | ||||||||||||||||||||
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | ' | |||||||||||||||||||||||
The following table summarizes the amortized cost, gross unrealized loss and fair value of the Company's available-for-sale securities as of September 30, 2014 and December 31, 2013 (in thousands): | ||||||||||||||||||||||||
30-Sep-14 | December 31, 2013 | |||||||||||||||||||||||
Amortized Cost | Gross Unrealized Loss | Fair Value | Amortized Cost | Gross Unrealized Loss | Fair Value | |||||||||||||||||||
Available-for-sale securities: | ||||||||||||||||||||||||
Convertible debt securities | $ | 2,030 | $ | — | $ | 2,030 | $ | 3,370 | $ | (196 | ) | $ | 3,174 | |||||||||||
Redeemable preferred shares | 4,599 | (141 | ) | 4,458 | — | — | — | |||||||||||||||||
Total available-for-sale securities | $ | 6,629 | $ | (141 | ) | $ | 6,488 | $ | 3,370 | $ | (196 | ) | $ | 3,174 | ||||||||||
Supplemental_Consolidated_Bala1
Supplemental Consolidated Balance Sheet and Statement of Operations Information (Tables) | 9 Months Ended | |||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||
SUPPLEMENTAL CONSOLIDATED BALANCE SHEET AND STATEMENT OF OPERATIONS INFORMATION [Abstract] | ' | |||||||||||||||||
Schedule of Other Income (Expense) [Table Text Block] | ' | |||||||||||||||||
The following table summarizes the Company's other (expense) income, net for the three and nine months ended September 30, 2014 and 2013 (in thousands): | ||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||
Interest income | $ | 409 | $ | 487 | $ | 1,151 | $ | 1,348 | ||||||||||
Interest expense | (277 | ) | (39 | ) | (444 | ) | (187 | ) | ||||||||||
Impairment of investments | (1,448 | ) | — | (2,036 | ) | — | ||||||||||||
Loss on equity method investments | (91 | ) | (25 | ) | (459 | ) | (58 | ) | ||||||||||
Foreign exchange (losses) gains, net | (18,638 | ) | 326 | (20,108 | ) | (11,156 | ) | |||||||||||
Other | 22 | 83 | 10 | 223 | ||||||||||||||
Other (expense) income, net | $ | (20,023 | ) | $ | 832 | $ | (21,886 | ) | $ | (9,830 | ) | |||||||
Schedule of Prepaid Expenses and Other Current Assets [Table Text Block] | ' | |||||||||||||||||
The following table summarizes the Company's prepaid expenses and other current assets as of September 30, 2014 and December 31, 2013 (in thousands): | ||||||||||||||||||
30-Sep-14 | 31-Dec-13 | |||||||||||||||||
Current portion of unamortized tax effects on intercompany transactions | $ | 23,377 | $ | 28,502 | ||||||||||||||
Finished goods inventories | 57,301 | 57,097 | ||||||||||||||||
Prepaid expenses | 42,603 | 29,404 | ||||||||||||||||
Restricted cash | 11,056 | 14,579 | ||||||||||||||||
VAT and income taxes receivable | 82,804 | 52,960 | ||||||||||||||||
Prepaid marketing | 9,832 | 17,301 | ||||||||||||||||
Other | 16,777 | 10,572 | ||||||||||||||||
Total prepaid expenses and other current assets | $ | 243,750 | $ | 210,415 | ||||||||||||||
Schedule of Accrued Merchant and Supplier Payables [Table Text Block] | ' | |||||||||||||||||
The following table summarizes the Company's accrued merchant and supplier payables as of September 30, 2014 and December 31, 2013 (in thousands): | ||||||||||||||||||
30-Sep-14 | 31-Dec-13 | |||||||||||||||||
Accrued merchant payables | $ | 575,145 | $ | 518,233 | ||||||||||||||
Accrued supplier payables(1) | 179,483 | 234,710 | ||||||||||||||||
Total accrued merchant and supplier payables | $ | 754,628 | $ | 752,943 | ||||||||||||||
-1 | Amounts include payables to suppliers of inventories and providers of shipping and fulfillment services. | |||||||||||||||||
Schedule of Accrued Expenses [Table Text Block] | ' | |||||||||||||||||
The following table summarizes the Company's accrued expenses as of September 30, 2014 and December 31, 2013 (in thousands): | ||||||||||||||||||
30-Sep-14 | 31-Dec-13 | |||||||||||||||||
Marketing | $ | 11,860 | $ | 12,001 | ||||||||||||||
Refunds reserve | 29,221 | 38,597 | ||||||||||||||||
Payroll and benefits | 64,751 | 64,966 | ||||||||||||||||
Customer credits | 46,297 | 44,728 | ||||||||||||||||
Professional fees | 16,902 | 18,906 | ||||||||||||||||
Other | 54,646 | 47,788 | ||||||||||||||||
Total accrued expenses | $ | 223,677 | $ | 226,986 | ||||||||||||||
Schedule of Other Current Liabilities [Table Text Block] | ' | |||||||||||||||||
The following table summarizes the Company's other current liabilities as of September 30, 2014 and December 31, 2013 (in thousands): | ||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||
Income taxes payable | $ | 27,020 | $ | 21,994 | ||||||||||||||
VAT payable | 30,476 | 37,627 | ||||||||||||||||
Sales taxes payable | 6,229 | 10,412 | ||||||||||||||||
Deferred revenue | 50,677 | 47,259 | ||||||||||||||||
Other | 19,714 | 15,426 | ||||||||||||||||
Total other current liabilities | $ | 134,116 | $ | 132,718 | ||||||||||||||
Schedule of Other Liabilities, Noncurrent [Table Text Block] | ' | |||||||||||||||||
The following table summarizes the Company's other non-current liabilities as of September 30, 2014 and December 31, 2013 (in thousands): | ||||||||||||||||||
30-Sep-14 | 31-Dec-13 | |||||||||||||||||
Long-term tax liabilities | $ | 108,233 | $ | 109,286 | ||||||||||||||
Deferred rent | 13,216 | 9,148 | ||||||||||||||||
Other | 30,037 | 13,263 | ||||||||||||||||
Total other non-current liabilities | $ | 151,486 | $ | 131,697 | ||||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | |||||||||||||||||
The following table summarizes the components of accumulated other comprehensive income, net of tax, as of September 30, 2014 and December 31, 2013 (in thousands): | ||||||||||||||||||
Foreign currency translation adjustments | Unrealized loss on available-for-sale securities, net of tax | Total | ||||||||||||||||
Balance as of December 31, 2013 | $ | 24,952 | $ | (122 | ) | $ | 24,830 | |||||||||||
Other comprehensive income (loss) before reclassification adjustments | 10,086 | (799 | ) | 9,287 | ||||||||||||||
Reclassification adjustment for impairment included in net loss | — | 831 | 831 | |||||||||||||||
Other comprehensive income | 10,086 | 32 | 10,118 | |||||||||||||||
Balance as of September 30, 2014 | $ | 35,038 | $ | (90 | ) | $ | 34,948 | |||||||||||
The effects of amounts reclassified from accumulated other comprehensive income (loss) to net loss for the three and nine months ended September 30, 2014 and 2013 are presented within the following line items in the condensed consolidated statements of operations (in thousands): | ||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | Condensed Consolidated Statements of Operations Line Item | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||
Other-than-temporary impairment of available-for-sale security | $ | 1,340 | $ | — | $ | 1,340 | $ | — | Other (expense) income, net | |||||||||
Less: Tax effect | (509 | ) | — | (509 | ) | — | (Benefit) provision for income taxes | |||||||||||
Reclassification adjustment | $ | 831 | $ | — | $ | 831 | $ | — | ||||||||||
Commitments_and_Contingencies_
Commitments and Contingencies Operating Leases (Tables) | 9 Months Ended | ||||
Sep. 30, 2014 | |||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | ' | ||||
As of September 30, 2014, estimated future payments under operating leases assumed in connection with the Ticket Monster and Ideel acquisitions for each of the next five years and thereafter are as follows (in thousands): | |||||
Operating leases | |||||
2014 | $ | 1,348 | |||
2015 | 5,148 | ||||
2016 | 4,936 | ||||
2017 | 4,342 | ||||
2018 | 2,631 | ||||
Thereafter | 11,110 | ||||
Total minimum lease payments | $ | 29,515 | |||
Stockholders_Equity_and_StockB1
Stockholders' Equity and Stock-Based Compensation Stockholders' Equity Tables (Tables) | 9 Months Ended | |||||||||||||
Sep. 30, 2014 | ||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | |||||||||||||
The table below summarizes the stock option activity for the nine months ended September 30, 2014: | ||||||||||||||
Options | Weighted- Average Exercise Price | Weighted- Average Remaining Contractual Term (in years) | Aggregate Intrinsic Value | |||||||||||
(in thousands) (1) | ||||||||||||||
Outstanding at December 31, 2013 | 3,355,054 | $ | 1.11 | 6.04 | $ | 35,742 | ||||||||
Exercised | (805,225 | ) | $ | 1 | ||||||||||
Forfeited | (59,489 | ) | $ | 2.41 | ||||||||||
Outstanding at September 30, 2014 | 2,490,340 | $ | 1.14 | 5.3 | $ | 13,796 | ||||||||
Exercisable at September 30, 2014 | 2,484,486 | $ | 1.13 | 5.3 | $ | 13,789 | ||||||||
-1 | The aggregate intrinsic value of options outstanding and exercisable represents the total pretax intrinsic value (the difference between the fair value of the Company's stock on the last day of each period and the exercise price, multiplied by the number of options where the fair value exceeds the exercise price) that would have been received by the option holders had all option holders exercised their options as of September 30, 2014 and December 31, 2013, respectively. | |||||||||||||
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | ' | |||||||||||||
The table below summarizes activity regarding unvested restricted stock units under the Plans for the nine months ended September 30, 2014: | ||||||||||||||
Restricted Stock Units | Weighted- Average Grant Date Fair Value (per share) | |||||||||||||
Unvested at December 31, 2013 | 41,648,055 | $ | 8.06 | |||||||||||
Granted | 22,885,522 | $ | 7.83 | |||||||||||
Vested | (12,741,462 | ) | $ | 7.97 | ||||||||||
Forfeited | (9,586,804 | ) | $ | 8 | ||||||||||
Unvested at September 30, 2014 | 42,205,311 | $ | 8.03 | |||||||||||
Schedule of Nonvested Restricted Stock Units Activity, Acquisition [Table Text Block] | ' | |||||||||||||
The table below summarizes activity regarding unvested restricted stock for the nine months ended September 30, 2014: | ||||||||||||||
Restricted Stock | Weighted- Average Grant Date Fair Value (per share) | |||||||||||||
Unvested at December 31, 2013 | 97,677 | $ | 14 | |||||||||||
Vested | (48,890 | ) | $ | 14.45 | ||||||||||
Forfeited | (13,129 | ) | $ | 17.07 | ||||||||||
Unvested at September 30, 2014 | 35,658 | $ | 15.59 | |||||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
FAIR VALUE MEASUREMENTS [Abstract] | ' | ||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||||||
The following tables summarize the Company's assets and liabilities that are measured at fair value on a recurring basis (in thousands): | |||||||||||||||||
Fair Value Measurement at Reporting Date Using | |||||||||||||||||
Description | 30-Sep-14 | Quoted Prices in Active Markets for | Significant Other | Significant | |||||||||||||
Identical Assets | Observable | Unobservable | |||||||||||||||
(Level 1) | Inputs | Inputs | |||||||||||||||
(Level 2) | (Level 3) | ||||||||||||||||
Assets: | |||||||||||||||||
Cash equivalents | $ | 440,578 | $ | 440,578 | $ | — | $ | — | |||||||||
Available-for-sale securities: | |||||||||||||||||
Convertible debt securities | 2,030 | — | — | 2,030 | |||||||||||||
Redeemable preferred shares | 4,458 | — | — | 4,458 | |||||||||||||
Liabilities: | |||||||||||||||||
Contingent consideration | 2,986 | — | — | 2,986 | |||||||||||||
Fair Value Measurement at Reporting Date Using | |||||||||||||||||
Description | 31-Dec-13 | Quoted Prices in Active Markets for | Significant Other | Significant | |||||||||||||
Identical Assets | Observable | Unobservable | |||||||||||||||
(Level 1) | Inputs | Inputs | |||||||||||||||
(Level 2) | (Level 3) | ||||||||||||||||
Assets: | |||||||||||||||||
Cash equivalents | $ | 585,514 | $ | 585,514 | $ | — | $ | — | |||||||||
Available-for-sale securities: | |||||||||||||||||
Convertible debt securities | 3,174 | — | — | 3,174 | |||||||||||||
Redeemable preferred shares | — | — | — | — | |||||||||||||
Liabilities: | |||||||||||||||||
Contingent consideration | 606 | — | — | 606 | |||||||||||||
Fair Value, Assets and Liabilities, Reconciliation of Level 3 Inputs [Table Text Block] | ' | ||||||||||||||||
The following table provides a roll-forward of the fair value of recurring Level 3 fair value measurements for the three and nine months ended September 30, 2014 and 2013 (in thousands): | |||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Assets | |||||||||||||||||
Available-for-sale securities | |||||||||||||||||
Convertible debt securities: | |||||||||||||||||
Beginning Balance | $ | 2,630 | $ | 3,233 | $ | 3,174 | $ | 3,087 | |||||||||
Total gains (losses) included in other comprehensive income | 740 | (177 | ) | 196 | (31 | ) | |||||||||||
Total (losses) gains included in other expense (income), net | (1,340 | ) | — | (1,340 | ) | — | |||||||||||
Ending Balance | $ | 2,030 | $ | 3,056 | $ | 2,030 | $ | 3,056 | |||||||||
Unrealized (losses) gains still held(1) | $ | (600 | ) | $ | (177 | ) | $ | (1,144 | ) | $ | (31 | ) | |||||
Redeemable preferred shares:(2) | |||||||||||||||||
Beginning Balance | $ | 4,544 | $ | 42,539 | $ | — | $ | 42,539 | |||||||||
Purchase of redeemable preferred shares | — | — | 4,599 | — | |||||||||||||
Total (losses) gains included in other comprehensive income | (86 | ) | — | (141 | ) | — | |||||||||||
Ending Balance | $ | 4,458 | $ | 42,539 | $ | 4,458 | $ | 42,539 | |||||||||
Unrealized (losses) gains still held(1) | $ | (86 | ) | $ | — | $ | (141 | ) | $ | — | |||||||
Liabilities | |||||||||||||||||
Contingent Consideration: | |||||||||||||||||
Beginning Balance | $ | 4,006 | $ | 6,854 | $ | 606 | $ | 7,601 | |||||||||
Issuance of contingent consideration in connection with acquisitions | — | 3,537 | 4,006 | 3,567 | |||||||||||||
Settlements of contingent consideration liabilities | — | (750 | ) | (424 | ) | (780 | ) | ||||||||||
Reclass to non-fair value liabilities when no longer contingent | — | — | (143 | ) | — | ||||||||||||
Total (gains) losses included in earnings(3) | (1,020 | ) | (1,529 | ) | (1,059 | ) | (2,276 | ) | |||||||||
Ending Balance | $ | 2,986 | $ | 8,112 | $ | 2,986 | $ | 8,112 | |||||||||
Unrealized (gains) losses still held(1) | $ | (1,020 | ) | $ | (1,408 | ) | $ | (1,020 | ) | $ | (2,155 | ) | |||||
-1 | Represents the unrealized losses or gains recorded in earnings and/or other comprehensive (loss) income during the period for assets and liabilities classified as Level 3 that are still held (or outstanding) at the end of the period. | ||||||||||||||||
-2 | For the three and nine months ended September 30, 2013, the Company's investments in Life Media Limited (F-tuan) preferred shares were previously classified as cost method investments and have been reclassified to the available-for-sale category in this table. The balance as of September 30, 2013 represents the Company’s investments in F-tuan preferred shares, which were written down to zero through an other-than-temporary impairment charge as of December 31, 2013 and continue to have an estimated fair value of zero as of September 30, 2014. The $4.5 million balance as of September 30, 2014 represents the Company's investment in the preferred shares of an online home services company during the three months ended March 31, 2014, as described in Note 4 "Investments." | ||||||||||||||||
-3 | Changes in the fair value of contingent consideration liabilities are classified within "Acquisition-related (benefit) expense, net" on the condensed consolidated statements of operations. | ||||||||||||||||
Fair Value of Financial Assets and Liabilities not Measured at Fair Value [Table Text Block] | ' | ||||||||||||||||
The following table presents the carrying amounts and fair values of financial instruments that are not carried at fair value in the condensed consolidated financial statements (in thousands): | |||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||
Carrying Amount | Fair Value | Carrying Amount | Fair Value | ||||||||||||||
Cost method investments | $ | 15,920 | $ | 16,037 | $ | 15,788 | $ | 15,573 | |||||||||
Loss_Per_Share_of_Class_A_and_1
Loss Per Share of Class A and Class B Common Stock (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||
LOSS PER SHARE OF CLASS A AND CLASS B COMMON STOCK [Abstract] [Abstract] | ' | ||||||||||||||||||||||||||||||||
Schedule of Earnings per Share, Basic and Diluted [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
The following table sets forth the computation of basic and diluted loss per share of Class A and Class B common stock for the three and nine months ended September 30, 2014 and 2013 (in thousands, except share amounts and per share amounts): | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||
Class A | Class B | Class A | Class B | Class A | Class B | Class A | Class B | ||||||||||||||||||||||||||
Basic loss per share: | |||||||||||||||||||||||||||||||||
Numerator | |||||||||||||||||||||||||||||||||
Allocation of net loss | $ | (18,950 | ) | $ | (68 | ) | $ | (1,287 | ) | $ | (5 | ) | $ | (75,035 | ) | $ | (268 | ) | $ | (10,049 | ) | $ | (36 | ) | |||||||||
Less: Allocation of net income attributable to noncontrolling interests | 2,182 | 8 | 1,283 | 5 | 6,552 | 23 | 4,046 | 15 | |||||||||||||||||||||||||
Allocation of net loss attributable to common stockholders | $ | (21,132 | ) | $ | (76 | ) | $ | (2,570 | ) | $ | (10 | ) | $ | (81,587 | ) | $ | (291 | ) | $ | (14,095 | ) | $ | (51 | ) | |||||||||
Denominator | |||||||||||||||||||||||||||||||||
Weighted-average common shares outstanding | 667,126,548 | 2,399,976 | 664,032,872 | 2,399,976 | 673,414,559 | 2,399,976 | 660,131,591 | 2,399,976 | |||||||||||||||||||||||||
Basic loss per share | $ | (0.03 | ) | $ | (0.03 | ) | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.12 | ) | $ | (0.12 | ) | $ | (0.02 | ) | $ | (0.02 | ) | |||||||||
Diluted loss per share: | |||||||||||||||||||||||||||||||||
Numerator | |||||||||||||||||||||||||||||||||
Allocation of net loss attributable to common stockholders | $ | (21,132 | ) | $ | (76 | ) | $ | (2,570 | ) | $ | (10 | ) | $ | (81,587 | ) | $ | (291 | ) | $ | (14,095 | ) | $ | (51 | ) | |||||||||
Reallocation of net income attributable to common stockholders as a result of conversion of Class B(1) | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Allocation of net loss attributable to common stockholders | $ | (21,132 | ) | $ | (76 | ) | $ | (2,570 | ) | $ | (10 | ) | $ | (81,587 | ) | $ | (291 | ) | $ | (14,095 | ) | $ | (51 | ) | |||||||||
Denominator | |||||||||||||||||||||||||||||||||
Weighted-average common shares outstanding used in basic computation | 667,126,548 | 2,399,976 | 664,032,872 | 2,399,976 | 673,414,559 | 2,399,976 | 660,131,591 | 2,399,976 | |||||||||||||||||||||||||
Conversion of Class B(1) | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Employee stock options(1) | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Restricted shares and RSUs(1) | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Weighted-average diluted shares outstanding(1) | 667,126,548 | 2,399,976 | 664,032,872 | 2,399,976 | 673,414,559 | 2,399,976 | 660,131,591 | 2,399,976 | |||||||||||||||||||||||||
Diluted loss per share | $ | (0.03 | ) | $ | (0.03 | ) | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.12 | ) | $ | (0.12 | ) | $ | (0.02 | ) | $ | (0.02 | ) | |||||||||
-1 | Conversion of Class B shares into Class A shares and outstanding equity awards have not been reflected in the diluted loss per share calculation for the three and nine months ended September 30, 2014 and 2013 because the effect would be antidilutive. | ||||||||||||||||||||||||||||||||
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
The following outstanding equity awards are not included in the diluted loss per share calculation above because they would have had an antidilutive effect: | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||
Stock options | 2,610,764 | 5,023,559 | 2,905,390 | 6,242,363 | |||||||||||||||||||||||||||||
Restricted stock units | 43,989,496 | 43,020,496 | 42,713,167 | 39,076,490 | |||||||||||||||||||||||||||||
Restricted stock | 36,988 | 217,005 | 58,718 | 357,339 | |||||||||||||||||||||||||||||
ESPP shares | 466,271 | 334,213 | 528,796 | 484,184 | |||||||||||||||||||||||||||||
Total | 47,103,519 | 48,595,273 | 46,206,071 | 46,160,376 | |||||||||||||||||||||||||||||
Segment_Information_Tables
Segment Information (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||
SEGMENT INFORMATION [Abstract] | ' | ||||||||||||||||||||||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Revenue and profit or loss information by reportable segment reconciled to consolidated net loss for the three and nine months ended September 30, 2014 and 2013 were as follows (in thousands): | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||
North America | |||||||||||||||||||||||||||||||||
Revenue(1) | $ | 418,494 | $ | 360,838 | $ | 1,273,487 | $ | 1,077,574 | |||||||||||||||||||||||||
Segment cost of revenue and operating expenses(2) | 405,910 | 335,670 | 1,234,973 | 962,532 | |||||||||||||||||||||||||||||
Segment operating income(2) | 12,584 | 25,168 | 38,514 | 115,042 | |||||||||||||||||||||||||||||
EMEA | |||||||||||||||||||||||||||||||||
Revenue(1) | 230,072 | 147,950 | 688,655 | 491,710 | |||||||||||||||||||||||||||||
Segment cost of revenue and operating expenses(2) | 207,643 | 132,346 | 619,594 | 417,222 | |||||||||||||||||||||||||||||
Segment operating income(2) | 22,429 | 15,604 | 69,061 | 74,488 | |||||||||||||||||||||||||||||
Rest of World | |||||||||||||||||||||||||||||||||
Revenue | 108,488 | 86,271 | 304,125 | 235,924 | |||||||||||||||||||||||||||||
Segment cost of revenue and operating expenses(2) | 114,660 | 87,890 | 352,900 | 276,105 | |||||||||||||||||||||||||||||
Segment operating loss(2) | (6,172 | ) | (1,619 | ) | (48,775 | ) | (40,181 | ) | |||||||||||||||||||||||||
Consolidated | |||||||||||||||||||||||||||||||||
Revenue | 757,054 | 595,059 | 2,266,267 | 1,805,208 | |||||||||||||||||||||||||||||
Segment cost of revenue and operating expenses(2) | 728,213 | 555,906 | 2,207,467 | 1,655,859 | |||||||||||||||||||||||||||||
Segment operating income(2) | 28,841 | 39,153 | 58,800 | 149,349 | |||||||||||||||||||||||||||||
Stock-based compensation | 34,574 | 26,870 | 89,958 | 89,223 | |||||||||||||||||||||||||||||
Acquisition-related (benefit) expense, net | (304 | ) | (1,529 | ) | 2,078 | (2,276 | ) | ||||||||||||||||||||||||||
(Loss) income from operations | (5,429 | ) | 13,812 | (33,236 | ) | 62,402 | |||||||||||||||||||||||||||
Other (expense) income, net | (20,023 | ) | 832 | (21,886 | ) | (9,830 | ) | ||||||||||||||||||||||||||
(Loss) income before (benefit) provision for income taxes | (25,452 | ) | 14,644 | (55,122 | ) | 52,572 | |||||||||||||||||||||||||||
(Benefit) provision for income taxes | (6,434 | ) | 15,936 | 20,181 | 62,657 | ||||||||||||||||||||||||||||
Net loss | $ | (19,018 | ) | $ | (1,292 | ) | $ | (75,303 | ) | $ | (10,085 | ) | |||||||||||||||||||||
-1 | North America includes revenue from the United States of $409.3 million and $349.1 million for the three months ended September 30, 2014 and 2013, respectively, and $1,242.4 million and $1,039.7 million for the nine months ended September 30, 2014 and 2013, respectively. Beginning in September 2013, direct revenue transactions in the EMEA Goods category have been transacted through a Switzerland-based subsidiary. As a result, EMEA includes revenue from Switzerland of $117.7 million and $312.0 million for the three and nine months ended September 30, 2014, respectively. | ||||||||||||||||||||||||||||||||
-2 | Segment cost of revenue and operating expenses and segment operating income (loss) exclude stock-based compensation and acquisition-related (benefit) expense, net. This presentation corresponds to the measure of segment profit or loss that the Company's chief operating decision-maker uses in assessing segment performance and making resource allocation decisions. The following table summarizes the Company's stock-based compensation expense and acquisition-related (benefit) expense, net by reportable segment for the three and nine months ended September 30, 2014 and 2013 (in thousands): | ||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||
Stock-based compensation | Acquisition-related | Stock-based compensation | Acquisition-related | Stock-based compensation | Acquisition-related | Stock-based compensation | Acquisition-related | ||||||||||||||||||||||||||
North America | $ | 28,493 | $ | (304 | ) | $ | 21,082 | $ | (984 | ) | $ | 74,179 | $ | 1,934 | $ | 69,494 | $ | (1,364 | ) | ||||||||||||||
EMEA | 2,687 | — | 2,616 | (545 | ) | 7,187 | 144 | 9,082 | (912 | ) | |||||||||||||||||||||||
Rest of World | 3,394 | — | 3,172 | — | 8,592 | — | 10,647 | — | |||||||||||||||||||||||||
Consolidated | $ | 34,574 | $ | (304 | ) | $ | 26,870 | $ | (1,529 | ) | $ | 89,958 | $ | 2,078 | $ | 89,223 | $ | (2,276 | ) | ||||||||||||||
Acquisition-related (benefit) expense, net for the North America segment includes external transaction costs and gains and losses relating to contingent consideration obligations incurred by U.S. legal entities relating to purchases of businesses that became part of the EMEA and Rest of World segments, which is consistent with the attribution used for internal reporting purposes. | |||||||||||||||||||||||||||||||||
Stock Based Compensation and Acquisition Related by Segment [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Segment cost of revenue and operating expenses and segment operating income (loss) exclude stock-based compensation and acquisition-related (benefit) expense, net. This presentation corresponds to the measure of segment profit or loss that the Company's chief operating decision-maker uses in assessing segment performance and making resource allocation decisions. The following table summarizes the Company's stock-based compensation expense and acquisition-related (benefit) expense, net by reportable segment for the three and nine months ended September 30, 2014 and 2013 (in thousands): | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||
Stock-based compensation | Acquisition-related | Stock-based compensation | Acquisition-related | Stock-based compensation | Acquisition-related | Stock-based compensation | Acquisition-related | ||||||||||||||||||||||||||
North America | $ | 28,493 | $ | (304 | ) | $ | 21,082 | $ | (984 | ) | $ | 74,179 | $ | 1,934 | $ | 69,494 | $ | (1,364 | ) | ||||||||||||||
EMEA | 2,687 | — | 2,616 | (545 | ) | 7,187 | 144 | 9,082 | (912 | ) | |||||||||||||||||||||||
Rest of World | 3,394 | — | 3,172 | — | 8,592 | — | 10,647 | — | |||||||||||||||||||||||||
Consolidated | $ | 34,574 | $ | (304 | ) | $ | 26,870 | $ | (1,529 | ) | $ | 89,958 | $ | 2,078 | $ | 89,223 | $ | (2,276 | ) | ||||||||||||||
Acquisition-related (benefit) expense, net for the North America segment includes external transaction costs and gains and losses relating to contingent consideration obligations incurred by U.S. legal entities relating to purchases of businesses that became part of the EMEA and Rest of World segments, which is consistent with the attribution used for internal reporting purposes. | |||||||||||||||||||||||||||||||||
Schedule of Segment Assets [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
The following table summarizes the Company's total assets by reportable segment as of September 30, 2014 and December 31, 2013 (in thousands): | |||||||||||||||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||||||||||||||
North America (1) | $ | 978,814 | $ | 1,267,158 | |||||||||||||||||||||||||||||
EMEA | 543,257 | 616,126 | |||||||||||||||||||||||||||||||
Rest of World (1) | 550,094 | 158,726 | |||||||||||||||||||||||||||||||
Consolidated total assets | $ | 2,072,165 | $ | 2,042,010 | |||||||||||||||||||||||||||||
-1 | North America contains assets from the United States of $940.8 million and $1,231.3 million as of September 30, 2014 and December 31, 2013, respectively. Rest of World contains assets from the Republic of Korea, including those assets acquired as a part of our acquisition of Ticket Monster described in Note 2 "Business Combinations," of $395.0 million as of September 30, 2014. There were no other individual countries that represented more than 10% of consolidated total assets as of September 30, 2014 and December 31, 2013, respectively. | ||||||||||||||||||||||||||||||||
Revenue by Segment and Category [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
The following table summarizes the Company's third party and other and direct revenue by category for its three reportable segments for the three months ended September 30, 2014 and 2013 (in thousands): | |||||||||||||||||||||||||||||||||
North America | EMEA | Rest of World | Consolidated | ||||||||||||||||||||||||||||||
Three Months Ended September 30, | Three Months Ended September 30, | Three Months Ended September 30, | Three Months Ended September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||
Local (1): | |||||||||||||||||||||||||||||||||
Third party and other | $ | 161,912 | $ | 161,306 | $ | 90,002 | $ | 92,141 | $ | 45,085 | $ | 51,900 | $ | 296,999 | $ | 305,347 | |||||||||||||||||
Direct | — | 1,040 | — | — | — | — | — | 1,040 | |||||||||||||||||||||||||
Total | 161,912 | 162,346 | 90,002 | 92,141 | 45,085 | 51,900 | 296,999 | 306,387 | |||||||||||||||||||||||||
Goods: | |||||||||||||||||||||||||||||||||
Third party | 1,139 | 3,999 | 14,750 | 32,008 | 37,814 | 17,215 | 53,703 | 53,222 | |||||||||||||||||||||||||
Direct | 237,816 | 181,915 | 108,360 | 9,271 | 11,075 | 7,846 | 357,251 | 199,032 | |||||||||||||||||||||||||
Total | 238,955 | 185,914 | 123,110 | 41,279 | 48,889 | 25,061 | 410,954 | 252,254 | |||||||||||||||||||||||||
Travel: | |||||||||||||||||||||||||||||||||
Third party | 17,627 | 12,578 | 16,960 | 14,530 | 14,514 | 9,310 | 49,101 | 36,418 | |||||||||||||||||||||||||
Total revenue | $ | 418,494 | $ | 360,838 | $ | 230,072 | $ | 147,950 | $ | 108,488 | $ | 86,271 | $ | 757,054 | $ | 595,059 | |||||||||||||||||
-1 | Includes revenue from deals with local merchants, from deals with national merchants, and through local events. | ||||||||||||||||||||||||||||||||
The following table summarizes the Company's third party and other and direct revenue by category for its three reportable segments for the nine months ended September 30, 2014 and 2013 (in thousands): | |||||||||||||||||||||||||||||||||
North America | EMEA | Rest of World | Consolidated | ||||||||||||||||||||||||||||||
Nine Months Ended | Nine Months Ended | Nine Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||
September 30, | September 30, | September 30, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||
Local (1): | |||||||||||||||||||||||||||||||||
Third party and other | $ | 503,659 | $ | 510,284 | $ | 295,607 | $ | 313,959 | $ | 131,610 | $ | 141,163 | $ | 930,876 | $ | 965,406 | |||||||||||||||||
Direct | — | 1,733 | — | — | — | — | — | 1,733 | |||||||||||||||||||||||||
Total | 503,659 | 512,017 | 295,607 | 313,959 | 131,610 | 141,163 | 930,876 | 967,139 | |||||||||||||||||||||||||
Goods: | |||||||||||||||||||||||||||||||||
Third party | 3,859 | 11,794 | 49,070 | 110,821 | 112,686 | 50,262 | 165,615 | 172,877 | |||||||||||||||||||||||||
Direct | 714,157 | 511,357 | 296,342 | 18,903 | 23,595 | 20,249 | 1,034,094 | 550,509 | |||||||||||||||||||||||||
Total | 718,016 | 523,151 | 345,412 | 129,724 | 136,281 | 70,511 | 1,199,709 | 723,386 | |||||||||||||||||||||||||
Travel: | |||||||||||||||||||||||||||||||||
Third party | 51,812 | 42,406 | 47,636 | 48,027 | 36,234 | 24,250 | 135,682 | 114,683 | |||||||||||||||||||||||||
Total revenue | $ | 1,273,487 | $ | 1,077,574 | $ | 688,655 | $ | 491,710 | $ | 304,125 | $ | 235,924 | $ | 2,266,267 | $ | 1,805,208 | |||||||||||||||||
-1 | Includes revenue from deals with local merchants, from deals with national merchants, and through local events. | ||||||||||||||||||||||||||||||||
Gross Profit by Segment and Category [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
The following table summarizes the Company's gross profit by category for its three reportable segments for the three months ended September 30, 2014 and 2013 (in thousands): | |||||||||||||||||||||||||||||||||
North America | EMEA | Rest of World | Consolidated | ||||||||||||||||||||||||||||||
Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | ||||||||||||||||||||||||||||||
September 30, | September 30, | September 30, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||
Local (1): | |||||||||||||||||||||||||||||||||
Third party and other | $ | 138,189 | $ | 139,737 | $ | 83,956 | $ | 81,808 | $ | 38,592 | $ | 44,435 | $ | 260,737 | $ | 265,980 | |||||||||||||||||
Direct | — | (847 | ) | — | — | — | — | — | (847 | ) | |||||||||||||||||||||||
Total | 138,189 | 138,890 | 83,956 | 81,808 | 38,592 | 44,435 | 260,737 | 265,133 | |||||||||||||||||||||||||
Goods: | |||||||||||||||||||||||||||||||||
Third party | 951 | 3,519 | 12,307 | 28,036 | 23,986 | 11,530 | 37,244 | 43,085 | |||||||||||||||||||||||||
Direct | 23,002 | 18,090 | 19,945 | 907 | (1,109 | ) | 486 | 41,838 | 19,483 | ||||||||||||||||||||||||
Total | 23,953 | 21,609 | 32,252 | 28,943 | 22,877 | 12,016 | 79,082 | 62,568 | |||||||||||||||||||||||||
Travel: | |||||||||||||||||||||||||||||||||
Third party | 14,000 | 11,070 | 15,440 | 12,930 | 10,885 | 7,921 | 40,325 | 31,921 | |||||||||||||||||||||||||
Total gross profit | $ | 176,142 | $ | 171,569 | $ | 131,648 | $ | 123,681 | $ | 72,354 | $ | 64,372 | $ | 380,144 | $ | 359,622 | |||||||||||||||||
-1 | Includes gross profit from deals with local merchants, from deals with national merchants, and through local events. | ||||||||||||||||||||||||||||||||
The following table summarizes the Company's gross profit by category for its three reportable segments for the nine months ended September 30, 2014 and 2013 (in thousands): | |||||||||||||||||||||||||||||||||
North America | EMEA | Rest of World | Consolidated | ||||||||||||||||||||||||||||||
Nine Months Ended | Nine Months Ended | Nine Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||
September 30, | September 30, | September 30, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||
Local (1): | |||||||||||||||||||||||||||||||||
Third party and other | $ | 433,485 | $ | 441,787 | $ | 274,395 | $ | 278,515 | $ | 108,958 | $ | 119,810 | $ | 816,838 | $ | 840,112 | |||||||||||||||||
Direct | — | (790 | ) | — | — | — | — | — | (790 | ) | |||||||||||||||||||||||
Total | 433,485 | 440,997 | 274,395 | 278,515 | 108,958 | 119,810 | 816,838 | 839,322 | |||||||||||||||||||||||||
Goods: | |||||||||||||||||||||||||||||||||
Third party | 3,239 | 10,317 | 43,019 | 96,264 | 72,101 | 27,507 | 118,359 | 134,088 | |||||||||||||||||||||||||
Direct | 56,279 | 50,725 | 51,967 | (239 | ) | (2,466 | ) | 187 | 105,780 | 50,673 | |||||||||||||||||||||||
Total | 59,518 | 61,042 | 94,986 | 96,025 | 69,635 | 27,694 | 224,139 | 184,761 | |||||||||||||||||||||||||
Travel: | |||||||||||||||||||||||||||||||||
Third party | 42,807 | 36,472 | 44,003 | 42,393 | 27,940 | 20,377 | 114,750 | 99,242 | |||||||||||||||||||||||||
Total gross profit | $ | 535,810 | $ | 538,511 | $ | 413,384 | $ | 416,933 | $ | 206,533 | $ | 167,881 | $ | 1,155,727 | $ | 1,123,325 | |||||||||||||||||
-1 | Includes gross profit from deals with local merchants, from deals with national merchants, and through local events. |
Business_Combinations_and_Acqu2
Business Combinations and Acquisitions of Noncontrolling Interests Business Combinations (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | ||
Business Acquisition [Line Items] | ' | ' | ' | ||
Common stock issued in connection with acquisition of business, shares | ' | 13,825,283 | ' | ||
Number of Businesses Acquired | ' | 4 | ' | ||
Business Combination, External Transaction Costs | $712 | $3,137 | ' | ||
Purchase Price Allocation [Abstract] | ' | ' | ' | ||
Goodwill | 441,290 | 441,290 | 220,827 | ||
Ticket Monster [Member] | ' | ' | ' | ||
Consideration Transferred [Abstract] | ' | ' | ' | ||
Business Combinations, cash transferred | ' | 96,496 | ' | ||
Business Combination, issuance of Class A common stock | ' | 162,862 | ' | ||
Business Combination, Consideration Transferred | ' | 259,358 | ' | ||
Purchase Price Allocation [Abstract] | ' | ' | ' | ||
Business Combination, Cash and Equivalents | 24,768 | 24,768 | ' | ||
Business Combination, Current Assets, Receivables | 15,832 | 15,832 | ' | ||
Business Combination, Current Assets, Deferred Income Taxes | 1,264 | 1,264 | ' | ||
Business Combination, Current Assets, Prepaid Expense and Other Assets | 829 | 829 | ' | ||
Business Combination, Property, Plant, and Equipment | 5,944 | 5,944 | ' | ||
Goodwill | 220,592 | 220,592 | ' | ||
Business Combination, Other Noncurrent Assets | 3,033 | 3,033 | ' | ||
Business Combination, Assets | 381,356 | 381,356 | ' | ||
Business Combination, Current Liabilities, Accounts Payable | 5,951 | 5,951 | ' | ||
Business Combination, Accrued Merchant and Supplier Payables | 82,934 | 82,934 | ' | ||
Business Combinations, Accrued Expenses | 22,700 | 22,700 | ' | ||
Business Combination, Current Liabilities, Other | 3,482 | 3,482 | ' | ||
Business Combination, Deferred Tax Liabilities Noncurrent | 1,264 | 1,264 | ' | ||
Business Combination, Noncurrent Liabilities, Other | 5,667 | 5,667 | ' | ||
Business Combination, Liabilities | 121,998 | 121,998 | ' | ||
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net | 259,358 | 259,358 | ' | ||
Ticket Monster [Member] | Subscriber Relationships [Member] | ' | ' | ' | ||
Purchase Price Allocation [Abstract] | ' | ' | ' | ||
Business Combination, Intangible assets | 57,022 | [1] | 57,022 | [1] | ' |
Ticket Monster [Member] | Merchant Relationships [Member] | ' | ' | ' | ||
Purchase Price Allocation [Abstract] | ' | ' | ' | ||
Business Combination, Intangible assets | 32,176 | [1] | 32,176 | [1] | ' |
Ticket Monster [Member] | Developed Technology [Member] | ' | ' | ' | ||
Purchase Price Allocation [Abstract] | ' | ' | ' | ||
Business Combination, Intangible assets | 571 | [1] | 571 | [1] | ' |
Ticket Monster [Member] | Trade names [Member] | ' | ' | ' | ||
Purchase Price Allocation [Abstract] | ' | ' | ' | ||
Business Combination, Intangible assets | 19,325 | [1] | 19,325 | [1] | ' |
Ideeli [Member] | ' | ' | ' | ||
Consideration Transferred [Abstract] | ' | ' | ' | ||
Business Combinations, cash transferred | ' | 42,339 | ' | ||
Business Combination, Consideration Transferred, Liabilities Incurred | ' | 359 | ' | ||
Business Combination, Consideration Transferred | ' | 42,698 | ' | ||
Purchase Price Allocation [Abstract] | ' | ' | ' | ||
Business Combination, Cash and Equivalents | 79 | 79 | ' | ||
Business Combination, Current Assets, Receivables | 988 | 988 | ' | ||
Business Combination, Current Assets, Deferred Income Taxes | 572 | 572 | ' | ||
Business Combination, Current Assets, Prepaid Expense and Other Assets | 22,081 | 22,081 | ' | ||
Business Combination, Property, Plant, and Equipment | 8,173 | 8,173 | ' | ||
Goodwill | 5,379 | 5,379 | ' | ||
Business Combination, Deferred Tax Assets Noncurrent | 7,753 | 7,753 | ' | ||
Business Combination, Assets | 62,115 | 62,115 | ' | ||
Business Combination, Current Liabilities, Accounts Payable | 1,640 | 1,640 | ' | ||
Business Combination, Accrued Merchant and Supplier Payables | 4,092 | 4,092 | ' | ||
Business Combinations, Accrued Expenses | 9,118 | 9,118 | ' | ||
Business Combination, Current Liabilities, Other | 482 | 482 | ' | ||
Business Combination, Deferred Tax Liabilities Noncurrent | 332 | 332 | ' | ||
Business Combination, Noncurrent Liabilities, Other | 3,753 | 3,753 | ' | ||
Business Combination, Liabilities | 19,417 | 19,417 | ' | ||
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net | 42,698 | 42,698 | ' | ||
Ideeli [Member] | Subscriber Relationships [Member] | ' | ' | ' | ||
Purchase Price Allocation [Abstract] | ' | ' | ' | ||
Business Combination, Intangible assets | 5,490 | [1] | 5,490 | [1] | ' |
Ideeli [Member] | Brand Relationships [Member] | ' | ' | ' | ||
Purchase Price Allocation [Abstract] | ' | ' | ' | ||
Business Combination, Intangible assets | 7,100 | [1] | 7,100 | [1] | ' |
Ideeli [Member] | Trade names [Member] | ' | ' | ' | ||
Purchase Price Allocation [Abstract] | ' | ' | ' | ||
Business Combination, Intangible assets | 4,500 | [1] | 4,500 | [1] | ' |
Series of Individually Immaterial Business Acquisitions [Member] | ' | ' | ' | ||
Consideration Transferred [Abstract] | ' | ' | ' | ||
Business Combinations, cash transferred | ' | 3,477 | ' | ||
Business Combination, Contingent Consideration | ' | 4,006 | ' | ||
Business Combination, Consideration Transferred | ' | 7,483 | ' | ||
Purchase Price Allocation [Abstract] | ' | ' | ' | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | -52 | -52 | ' | ||
Business Combination, Cash and Equivalents | 200 | 200 | ' | ||
Goodwill | 6,261 | 6,261 | ' | ||
Business Combination, Deferred Tax Liabilities Noncurrent | 433 | 433 | ' | ||
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net | 7,483 | 7,483 | ' | ||
Series of Individually Immaterial Business Acquisitions [Member] | Subscriber Relationships [Member] | ' | ' | ' | ||
Purchase Price Allocation [Abstract] | ' | ' | ' | ||
Business Combination, Intangible assets | 560 | [2] | 560 | [2] | ' |
Series of Individually Immaterial Business Acquisitions [Member] | Developed Technology [Member] | ' | ' | ' | ||
Purchase Price Allocation [Abstract] | ' | ' | ' | ||
Business Combination, Intangible assets | 568 | [2] | 568 | [2] | ' |
Series of Individually Immaterial Business Acquisitions [Member] | Brand Relationships [Member] | ' | ' | ' | ||
Purchase Price Allocation [Abstract] | ' | ' | ' | ||
Business Combination, Intangible assets | $579 | [2] | $579 | [2] | ' |
Maximum [Member] | ' | ' | ' | ||
Business Acquisition [Line Items] | ' | ' | ' | ||
Finite-Lived Intangible Asset, Useful Life | ' | '5 years 0 months 0 days | ' | ||
Maximum [Member] | Ticket Monster [Member] | ' | ' | ' | ||
Business Acquisition [Line Items] | ' | ' | ' | ||
Finite-Lived Intangible Asset, Useful Life | ' | '5 years 0 months 0 days | ' | ||
Maximum [Member] | Ideeli [Member] | ' | ' | ' | ||
Business Acquisition [Line Items] | ' | ' | ' | ||
Finite-Lived Intangible Asset, Useful Life | ' | '5 years 0 months 0 days | ' | ||
Maximum [Member] | Series of Individually Immaterial Business Acquisitions [Member] | ' | ' | ' | ||
Business Acquisition [Line Items] | ' | ' | ' | ||
Finite-Lived Intangible Asset, Useful Life | ' | '5 years 0 months 0 days | ' | ||
Minimum [Member] | ' | ' | ' | ||
Business Acquisition [Line Items] | ' | ' | ' | ||
Finite-Lived Intangible Asset, Useful Life | ' | '1 year 0 months 0 days | ' | ||
Minimum [Member] | Ticket Monster [Member] | ' | ' | ' | ||
Business Acquisition [Line Items] | ' | ' | ' | ||
Finite-Lived Intangible Asset, Useful Life | ' | '2 years 0 months 0 days | ' | ||
Minimum [Member] | Ideeli [Member] | ' | ' | ' | ||
Business Acquisition [Line Items] | ' | ' | ' | ||
Finite-Lived Intangible Asset, Useful Life | ' | '3 years 0 months 0 days | ' | ||
Minimum [Member] | Series of Individually Immaterial Business Acquisitions [Member] | ' | ' | ' | ||
Business Acquisition [Line Items] | ' | ' | ' | ||
Finite-Lived Intangible Asset, Useful Life | ' | '3 years 0 months 0 days | ' | ||
[1] | The acquired intangible assets have estimated useful lives of between 2 and 5 years. | ||||
[2] | Acquired intangible assets have estimated useful lives of between 3 and 5 years. |
Business_Combinations_and_Acqu3
Business Combinations and Acquisitions of Noncontrolling Interests Business Acquisitions, Pro Forma Information (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 |
Ticket Monster [Member] | Ticket Monster [Member] | Ideeli [Member] | Ideeli [Member] | |||
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items] | ' | ' | ' | ' | ' | ' |
Business Acquisition, Pro Forma Revenue | $642,645 | $1,949,406 | ' | ' | ' | ' |
Business Acquisition, Pro Forma Net Income (Loss) | -23,004 | -79,936 | ' | ' | ' | ' |
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual | ' | ' | -6,445 | -30,263 | -450 | -3,661 |
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual | ' | ' | $42,785 | $107,373 | $20,613 | $58,078 |
Goodwill_and_Other_Intangible_2
Goodwill and Other Intangible Assets Goodwill Activity by Segment (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | |
Goodwill [Roll Forward] | ' | |
Goodwill, beginning of period | $220,827 | |
Goodwill, related to acquisitions | 232,232 | |
Goodwill, other adjustments | -11,769 | [1] |
Goodwill, end of period | 441,290 | |
North America [Member] | ' | |
Goodwill [Roll Forward] | ' | |
Goodwill, beginning of period | 85,457 | |
Goodwill, related to acquisitions | 11,640 | |
Goodwill, other adjustments | -157 | [1] |
Goodwill, end of period | 96,940 | |
EMEA [Member] | ' | |
Goodwill [Roll Forward] | ' | |
Goodwill, beginning of period | 115,669 | |
Goodwill, related to acquisitions | 0 | |
Goodwill, other adjustments | -9,578 | [1] |
Goodwill, end of period | 106,091 | |
ROW [Member] | ' | |
Goodwill [Roll Forward] | ' | |
Goodwill, beginning of period | 19,701 | |
Goodwill, related to acquisitions | 220,592 | |
Goodwill, other adjustments | -2,034 | [1] |
Goodwill, end of period | $238,259 | |
[1] | (1)Represents the impact of changes in foreign exchange rates on goodwill. |
Goodwill_and_Other_Intangible_3
Goodwill and Other Intangible Assets Other Intangible Assets (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Value, Intangible Assets | $224,019 | $101,280 |
Accumulated Amortization, Intangible Assets | 104,209 | 72,837 |
Net Carrying Value, Intangible Assets | 119,810 | 28,443 |
Subscriber Relationships [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Value, Intangible Assets | 105,108 | 45,541 |
Accumulated Amortization, Intangible Assets | 44,891 | 30,866 |
Net Carrying Value, Intangible Assets | 60,217 | 14,675 |
Merchant Relationships [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Value, Intangible Assets | 40,653 | 9,186 |
Accumulated Amortization, Intangible Assets | 16,522 | 7,991 |
Net Carrying Value, Intangible Assets | 24,131 | 1,195 |
Trade names [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Value, Intangible Assets | 29,980 | 6,739 |
Accumulated Amortization, Intangible Assets | 9,800 | 6,739 |
Net Carrying Value, Intangible Assets | 20,180 | 0 |
Developed Technology [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Value, Intangible Assets | 23,415 | 23,038 |
Accumulated Amortization, Intangible Assets | 21,663 | 19,547 |
Net Carrying Value, Intangible Assets | 1,752 | 3,491 |
Brand Relationships [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Value, Intangible Assets | 7,664 | ' |
Accumulated Amortization, Intangible Assets | 1,103 | ' |
Net Carrying Value, Intangible Assets | 6,561 | ' |
Other Intangible Assets [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Value, Intangible Assets | 17,199 | 16,776 |
Accumulated Amortization, Intangible Assets | 10,230 | 7,694 |
Net Carrying Value, Intangible Assets | $6,969 | $9,082 |
Goodwill_and_Other_Intangible_4
Goodwill and Other Intangible Assets Estimated Future Amortization Expense (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Amortization of Intangible Assets | $11,829 | $5,333 | $36,068 | $16,131 |
Finite-Lived Intangible Assets, Net, Amortization Expense [Abstract] | ' | ' | ' | ' |
2014 | 11,094 | ' | 11,094 | ' |
2015 | 39,055 | ' | 39,055 | ' |
2016 | 32,912 | ' | 32,912 | ' |
2017 | 18,575 | ' | 18,575 | ' |
2018 | 18,089 | ' | 18,089 | ' |
Thereafter | 85 | ' | 85 | ' |
Finite-Lived Intangible Assets, Amortization Expense, Total | $119,810 | ' | $119,810 | ' |
Minimum [Member] | ' | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life | ' | ' | '1 year 0 months 0 days | ' |
Maximum [Member] | ' | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life | ' | ' | '5 years 0 months 0 days | ' |
Investments_Investments_Table_
Investments Investments Table (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 |
Schedule of Cost and Equity Method Investments [Line Items] | ' | ' |
Cost method investments | $15,920 | $15,788 |
Equity method investments | 1,231 | 1,690 |
Total cost and equity method investments | 17,151 | 17,478 |
Available-for-sale securities | 6,488 | 3,174 |
Available-for-Sale Securities, Ownership Percentage | ' | 19.00% |
Total investments | 23,639 | 20,652 |
Payments to Acquire Available-for-sale Securities | 4,599 | ' |
Convertible debt securities [Member] | ' | ' |
Schedule of Cost and Equity Method Investments [Line Items] | ' | ' |
Available-for-sale securities | 2,030 | 3,174 |
Redeemable preferred shares [Member] | ' | ' |
Schedule of Cost and Equity Method Investments [Line Items] | ' | ' |
Available-for-sale securities | $4,458 | $0 |
Maximum [Member] | ' | ' |
Schedule of Cost and Equity Method Investments [Line Items] | ' | ' |
Equity Method Investments, Ownership Percentage | 50.00% | 50.00% |
Available-for-Sale Securities, Ownership Percentage | 23.00% | ' |
Maximum [Member] | Cost-method Investments [Member] | ' | ' |
Schedule of Cost and Equity Method Investments [Line Items] | ' | ' |
Cost Method Investments, Ownership Percentage | 19.00% | 19.00% |
Minimum [Member] | ' | ' |
Schedule of Cost and Equity Method Investments [Line Items] | ' | ' |
Equity Method Investments, Ownership Percentage | 21.00% | 21.00% |
Available-for-Sale Securities, Ownership Percentage | 19.00% | ' |
Minimum [Member] | Cost-method Investments [Member] | ' | ' |
Schedule of Cost and Equity Method Investments [Line Items] | ' | ' |
Cost Method Investments, Ownership Percentage | 6.00% | 6.00% |
Investments_Availableforsale_S
Investments Available-for-sale Securities (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale Securities, Amortized Cost Basis | $6,629 | $3,370 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain (Loss), before Tax | -141 | -196 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 6,488 | 3,174 |
Convertible debt securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale Securities, Amortized Cost Basis | 2,030 | 3,370 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain (Loss), before Tax | 0 | -196 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 2,030 | 3,174 |
Redeemable preferred shares [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale Securities, Amortized Cost Basis | 4,599 | 0 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain (Loss), before Tax | -141 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | $4,458 | $0 |
Investments_OtherThanTemporary
Investments Other-Than-Temporary-Impairment (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Other-Than-Temporary-Impairment [Abstract] | ' | ' | ' | ' |
Other-than-temporary impairment of available-for-sale security | $1,340 | $0 | $1,340 | $0 |
Supplemental_Consolidated_Bala2
Supplemental Consolidated Balance Sheet and Statement of Operations Information (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | |||
Interest and Other Income [Abstract] | ' | ' | ' | ' | ' | |||
Interest income | $409 | $487 | $1,151 | $1,348 | ' | |||
Interest Expense | -277 | -39 | -444 | -187 | ' | |||
Impairment of investment | -1,448 | 0 | -2,036 | 0 | ' | |||
Loss on equity method investments | -91 | -25 | -459 | -58 | ' | |||
Foreign exchange (losses) gains, net | -18,638 | 326 | -20,108 | -11,156 | ' | |||
Other | 22 | 83 | 10 | 223 | ' | |||
Other expense, net | -20,023 | 832 | -21,886 | -9,830 | ' | |||
Prepaid Expense and Other Assets, Current [Abstract] | ' | ' | ' | ' | ' | |||
Current portion of unamortized tax effects on intercompany transactions | 23,377 | ' | 23,377 | ' | 28,502 | |||
Finished goods inventories | 57,301 | ' | 57,301 | ' | 57,097 | |||
Prepaid expenses | 42,603 | ' | 42,603 | ' | 29,404 | |||
Restricted cash | 11,056 | ' | 11,056 | ' | 14,579 | |||
VAT and income taxes receivable | 82,804 | ' | 82,804 | ' | 52,960 | |||
Prepaid marketing | 9,832 | ' | 9,832 | ' | 17,301 | |||
Other | 16,777 | ' | 16,777 | ' | 10,572 | |||
Total prepaid expenses and other current assets | 243,750 | ' | 243,750 | ' | 210,415 | |||
Merchant and Supplier Payables [Abstract] | ' | ' | ' | ' | ' | |||
Accrued merchant payables | 575,145 | ' | 575,145 | ' | 518,233 | |||
Accrued supplier payables | 179,483 | [1] | ' | 179,483 | [1] | ' | 234,710 | [1] |
Total accrued merchant and supplier payables | 754,628 | ' | 754,628 | ' | 752,943 | |||
Accrued Expenses [Abstract] | ' | ' | ' | ' | ' | |||
Marketing | 11,860 | ' | 11,860 | ' | 12,001 | |||
Refunds reserve | 29,221 | ' | 29,221 | ' | 38,597 | |||
Payroll and benefits | 64,751 | ' | 64,751 | ' | 64,966 | |||
Customer credits | 46,297 | ' | 46,297 | ' | 44,728 | |||
Professional fees | 16,902 | ' | 16,902 | ' | 18,906 | |||
Other | 54,646 | ' | 54,646 | ' | 47,788 | |||
Total accrued expenses | 223,677 | ' | 223,677 | ' | 226,986 | |||
Current liabilities [Abstract]: | ' | ' | ' | ' | ' | |||
Income taxes payable | 27,020 | ' | 27,020 | ' | 21,994 | |||
VAT payable | 30,476 | ' | 30,476 | ' | 37,627 | |||
Sales taxes payable | 6,229 | ' | 6,229 | ' | 10,412 | |||
Deferred revenue | 50,677 | ' | 50,677 | ' | 47,259 | |||
Other | 19,714 | ' | 19,714 | ' | 15,426 | |||
Total other current liabilities | 134,116 | ' | 134,116 | ' | 132,718 | |||
Liabilities, Noncurrent [Abstract] | ' | ' | ' | ' | ' | |||
Long-term tax liabilities | 108,233 | ' | 108,233 | ' | 109,286 | |||
Deferred rent | 13,216 | ' | 13,216 | ' | 9,148 | |||
Other | 30,037 | ' | 30,037 | ' | 13,263 | |||
Total other non-current liabilities | 151,486 | ' | 151,486 | ' | 131,697 | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' | ' | ' | ' | |||
Foreign currency translation adjustments, beginning of period | ' | ' | 24,952 | ' | ' | |||
Unrealized loss on available-for-sale securities, net of tax, beginning of period | ' | ' | -122 | ' | ' | |||
Accumulated other comprehensive income, beginning of period | ' | ' | 24,830 | ' | ' | |||
Other comprehensive income (loss) before reclassification adjustments | ' | ' | 9,287 | ' | ' | |||
Reclassification adjustment for impairment included in net loss | ' | 0 | 831 | 0 | ' | |||
Foreign currency translation adjustments | 1,827 | -1,072 | 9,899 | 11,416 | ' | |||
Other comprehensive income | 2,233 | -1,181 | 9,931 | 11,397 | ' | |||
Foreign currency translation adjustments, end of period | 35,038 | ' | 35,038 | ' | ' | |||
Unrealized loss on available-for-sale securities, net of tax, end of period | -90 | ' | -90 | ' | ' | |||
Accumulated other comprehensive income, end of period | 34,948 | ' | 34,948 | ' | ' | |||
Other-than-temporary impairment of available-for-sale security | 1,340 | 0 | 1,340 | 0 | ' | |||
Tax effect | -509 | 0 | -509 | 0 | ' | |||
Accumulated Translation Adjustment [Member] | ' | ' | ' | ' | ' | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' | ' | ' | ' | |||
Other comprehensive income (loss) before reclassification adjustments | ' | ' | 10,086 | ' | ' | |||
Reclassification adjustment for impairment included in net loss | ' | ' | 0 | ' | ' | |||
Foreign currency translation adjustments | ' | ' | 10,086 | ' | ' | |||
Accumulated Net Unrealized Investment Gain (Loss) [Member] | ' | ' | ' | ' | ' | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' | ' | ' | ' | |||
Other comprehensive income (loss) before reclassification adjustments | ' | ' | -799 | ' | ' | |||
Reclassification adjustment for impairment included in net loss | ' | ' | 831 | ' | ' | |||
Unrealized loss on available-for-sale debt security, net of tax | ' | ' | 32 | ' | ' | |||
Parent [Member] | ' | ' | ' | ' | ' | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' | ' | ' | ' | |||
Foreign currency translation adjustments | ' | ' | 10,086 | ' | ' | |||
Unrealized loss on available-for-sale debt security, net of tax | ' | ' | 32 | ' | ' | |||
Other comprehensive income | ' | ' | $10,118 | ' | ' | |||
[1] | (1)Amounts include payables to suppliers of inventories and providers of shipping and fulfillment services. |
Commitments_and_Contingencies_1
Commitments and Contingencies Operating Leases (Details) (USD $) | Sep. 30, 2014 |
In Thousands, unless otherwise specified | |
Commitments and Contingencies Disclosure [Abstract] | ' |
2014 | $1,348 |
2015 | 5,148 |
2016 | 4,936 |
2017 | 4,342 |
2018 | 2,631 |
Thereafter | 11,110 |
Total minimum lease payments | $29,515 |
Commitments_and_Contingencies_2
Commitments and Contingencies Legal Matters (Details) (USD $) | 3 Months Ended | 9 Months Ended |
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2011 | Sep. 30, 2014 |
COMMITMENTS AND CONTINGENCIES [Abstract] | ' | ' |
Restatement of Prior Year Revenue | $14,300 | ' |
Restatement of Prior Year Operating Income | 30,000 | ' |
Restatement of Prior Year Income, Net of Tax | 22,600 | ' |
Impact of Restatement on Earnings Per Share, Basic | $0.04 | ' |
Litigation Settlement, Expense | ' | $8,500 |
Revolving_Credit_Agreement_Det
Revolving Credit Agreement (Details) (USD $) | 3 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2014 |
Line of Credit Facility [Line Items] | ' |
Line of Credit Facility, Maximum Borrowing Capacity | 250,000 |
Unrestricted cash covenant | 400,000 |
Line of Credit Facility, Cash Institution Covenant | 200,000 |
Line of Credit [Member] | ' |
Line of Credit Facility [Line Items] | ' |
Line of Credit Facility, Maximum Borrowing Capacity | 45,000 |
Minimum [Member] | ' |
Line of Credit Facility [Line Items] | ' |
Line of Credit Facility, Interest Rate Description | '0.0025 |
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | 0.20% |
Maximum [Member] | ' |
Line of Credit Facility [Line Items] | ' |
Line of Credit Facility, Interest Rate Description | '0.02 |
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | 0.35% |
Stockholders_Equity_and_StockB2
Stockholders' Equity and Stock-Based Compensation Initial Public Offering, Convertible Preferred Stock and Common Stock (Details) | 12 Months Ended |
Dec. 31, 2012 | |
NumberofClasses | |
Classes of common stock, number | 3 |
Stockholders_Equity_and_StockB3
Stockholders' Equity and Stock-Based Compensation Repurchase Program (Details) (USD $) | 3 Months Ended | 9 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 |
Employee Stock Purchase Plan [Line Items] | ' | ' | ' |
Stock Repurchase Program, Remaining Authorized Repurchase Amount | $109,644 | $109,644 | ' |
Common Class A [Member] | ' | ' | ' |
Employee Stock Purchase Plan [Line Items] | ' | ' | ' |
Stock Repurchase Program, Authorized Amount | ' | ' | 300,000 |
Stock Repurchased During Period, Shares | 1,349,712 | 21,654,204 | ' |
Stock Repurchased During Period, Value | $8,309 | $143,768 | ' |
Stockholders_Equity_and_StockB4
Stockholders' Equity and Stock-Based Compensation Groupon, Inc. Stock Plans (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Share-based Compensation, Number of Shares Available for Grant | 45,500,684 | ' | 45,500,684 | ' |
Stock-based compensation | $34,574 | $26,870 | $89,958 | $89,223 |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount | 2,786 | 2,200 | 7,905 | 6,900 |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $230,100 | ' | $230,100 | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | ' | ' | '1 year 4 months 10 days | ' |
Stockholders_Equity_and_StockB5
Stockholders' Equity and Stock-Based Compensation Employee Stock Purchase Plan (Details) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Employee Stock Purchase Plan, shares authorized | 10,000,000 | ' |
Employee Stock Purchase Plan, issued shares | 857,171 | 774,288 |
Stockholders_Equity_and_StockB6
Stockholders' Equity and Stock-Based Compensation Stock Option Activity (Details) (Stock Options [Member], USD $) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2014 | Dec. 31, 2013 | |
Stock Options [Member] | ' | ' |
Options [Abstract] | ' | ' |
Options, Outstanding, Number | 3,355,054 | ' |
Exercise of stock options, shares | -805,225 | ' |
Options, Forfeited Shares | -59,489 | ' |
Options, Outstanding, Number | 2,490,340 | 3,355,054 |
Options, Exercisable, Number | 2,484,486 | ' |
Weighted-Average Exercise Price [Abstract] | ' | ' |
Options, Outstanding, Weighted Average Exercise Price | $1.11 | ' |
Options, Exercises in Period, Weighted Average Exercise Price | $1 | ' |
Options, Forfeitures in Period, Weighted Average Exercise Price | $2.41 | ' |
Options, Outstanding, Weighted Average Exercise Price | $1.14 | $1.11 |
Options, Weighted Average Exercise Price | $1.13 | ' |
Weighted Average Remaining Contractual Term [Abstract] | ' | ' |
Options, Outstanding, Weighted Average Remaining Contractual Term | '5 years 2 months 50 days | '6 years 0 months 15 days |
Options, Outstanding, Weighted Average Remaining Contractual Term | '5 years 2 months 50 days | '6 years 0 months 15 days |
Options, Exercisable, Weighted Average Remaining Contractual Term | '5 years 2 months 50 days | ' |
Aggregate Intrinsic Value [Abstract] | ' | ' |
Options, Outstanding, Intrinsic Value | $35,742 | ' |
Options, Outstanding, Intrinsic Value | 13,796 | 35,742 |
Options, Exercisable, Intrinsic Value | $13,789 | ' |
Stockholders_Equity_and_StockB7
Stockholders' Equity and Stock-Based Compensation Restricted Stock Unit Activity (Details) (Restricted Stock Units (RSUs) [Member], USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Restricted Stock Units (RSUs) [Member] | ' |
Restricted Stock Units [Abstract] | ' |
Equity Instruments Other than Options, Nonvested, Number | 41,648,055 |
Equity Instruments Other than Options, Grants in Period | 22,885,522 |
Equity Instruments Other than Options, Vested in Period | -12,741,462 |
Equity Instruments Other than Options, Forfeited in Period | -9,586,804 |
Equity Instruments Other than Options, Nonvested, Number | 42,205,311 |
Weighted Average Grant Date Fair Value [Abstract] | ' |
Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $8.06 |
Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $7.83 |
Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $7.97 |
Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $8 |
Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $8.03 |
Stockholders_Equity_and_StockB8
Stockholders' Equity and Stock-Based Compensation Performance Share Unit Activity (Details) (Performance Shares [Member], USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Performance Shares [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Performance Share Units, Shares Granted | 2,000,000 |
Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $8.07 |
Stockholders_Equity_and_StockB9
Stockholders' Equity and Stock-Based Compensation Restricted Stock, Acquired (Details) (Restricted Stock [Member], USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Restricted Stock [Member] | ' |
Restricted Stock [Abstract] | ' |
Equity Instruments Other than Options, Nonvested, Number | 97,677 |
Equity Instruments Other than Options, Vested in Period | -48,890 |
Equity Instruments Other than Options, Forfeited in Period | -13,129 |
Equity Instruments Other than Options, Nonvested, Number | 35,658 |
Weighted Average Grant Date Fair Value [Abstract] | ' |
Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $14 |
Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $14.45 |
Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $17.07 |
Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $15.59 |
Income_Taxes_Text_Details
Income Taxes Text (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
(Benefit) provision for income taxes | ($6,434) | $15,936 | $20,181 | $62,657 | ' |
(Loss) income before (benefit) provision for income taxes | -25,452 | 14,644 | -55,122 | 52,572 | ' |
Effective Tax Rate, Percent | 25.30% | 108.80% | -36.60% | 119.20% | ' |
Federal Statutory Income Tax Rate, Percent | ' | ' | 35.00% | ' | ' |
Income Tax Examination, Increase (Decrease) in Liability from Prior Year | -7,700 | ' | -7,700 | ' | ' |
Potential Change in Unrecognized Tax Benefits | 35,500 | ' | 35,500 | ' | ' |
Prepaid Taxes | 23,377 | ' | 23,377 | ' | 28,502 |
Prepaid Expenses and Other Current Assets [Member] | ' | ' | ' | ' | ' |
Prepaid Taxes | 23,400 | ' | 23,400 | ' | 28,500 |
Other Assets [Member] | ' | ' | ' | ' | ' |
Prepaid Taxes | 1,500 | ' | 1,500 | ' | 20,400 |
Future amortization through 2014 [Member] | ' | ' | ' | ' | ' |
Prepaid Taxes | 6,200 | ' | 6,200 | ' | ' |
Future amortization through 2015 [Member] | ' | ' | ' | ' | ' |
Prepaid Taxes | $18,700 | ' | $18,700 | ' | ' |
Fair_Value_Measurements_Fair_V
Fair Value Measurements Fair Value, Assets and Liabilities Measured at Fair Value (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | $6,488 | $3,174 |
Fair Value, Measurements, Recurring [Member] | Fair Value [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and Cash Equivalents, Fair Value Disclosure | 440,578 | 585,514 |
Contingent Consideration, Fair Value Disclosure | 2,986 | 606 |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and Cash Equivalents, Fair Value Disclosure | 440,578 | 585,514 |
Contingent Consideration, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | 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 |
Contingent Consideration, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | 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 |
Contingent Consideration, Fair Value Disclosure | 2,986 | 606 |
Convertible debt securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 2,030 | 3,174 |
Convertible debt securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Convertible debt securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Convertible debt securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 2,030 | 3,174 |
Redeemable preferred shares [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 4,458 | 0 |
Redeemable preferred shares [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Redeemable preferred shares [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Redeemable preferred shares [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | $4,458 | $0 |
Fair_Value_Measurements_Fair_V1
Fair Value Measurements Fair Value, Reconciliation of Level 3 - Assets (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' | ' | ||||
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities | ($1,340) | $0 | ($1,340) | $0 | ||||
Convertible Debt Securities [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' | ' | ||||
AFS Securities, Beginning Asset Value | 2,630 | 3,233 | 3,174 | 3,087 | ||||
AFS Debt Security, (losses) included in OCI | 740 | -177 | 196 | -31 | ||||
AFS Securities, Ending Asset Value | 2,030 | 3,056 | 2,030 | 3,056 | ||||
Unrealized Gains (Losses) Still Held - Assets | -600 | [1] | -177 | [1] | -1,144 | [1] | -31 | [1] |
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities | -1,340 | 0 | -1,340 | 0 | ||||
Redeemable preferred shares [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' | ' | ||||
AFS Securities, Beginning Asset Value | 4,544 | [2] | 42,539 | [2] | 0 | [2] | 42,539 | [2] |
AFS Debt Security, (losses) included in OCI | -86 | 0 | -141 | 0 | ||||
Purchase of redeemable preferred shares | 0 | 0 | 4,599 | 0 | ||||
AFS Securities, Ending Asset Value | 4,458 | [2] | 42,539 | [2] | 4,458 | [2] | 42,539 | [2] |
Unrealized Gains (Losses) Still Held - Assets | ($86) | [1] | ' | ($141) | [1] | $0 | [1] | |
[1] | Represents the unrealized losses or gains recorded in earnings and/or other comprehensive (loss) income during the period for assets and liabilities classified as Level 3 that are still held (or outstanding) at the end of the period. | |||||||
[2] | For the three and nine months ended SeptemberB 30, 2013, the Company's investments in Life Media Limited (F-tuan) preferred shares were previously classified as cost method investments and have been reclassified to the available-for-sale category in this table. The balance as of SeptemberB 30, 2013 represents the Companybs investments in F-tuan preferred shares, which were written down to zero through an other-than-temporary impairment charge as of December 31, 2013 and continue to have an estimated fair value of zero as of SeptemberB 30, 2014. The $4.5 million balance as of SeptemberB 30, 2014 represents the Company's investment in the preferred shares of an online home services company during the three months ended March 31, 2014, as described in Note 4 "Investments." |
Fair_Value_Measurements_Fair_V2
Fair Value Measurements Fair Value, Reconciliation of Level 3 - Liabilities (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||||
Business Combination, Contingent Consideration Arrangements, Change in Range of Outcomes, Contingent Consideration, Liability, Value, High | ' | ' | $7,331 | ' | ||||
Contingent Consideration, Beginning Value | 4,006 | 6,854 | 606 | 7,601 | ||||
Contingent Consideration, Issuances | 0 | 3,537 | 4,006 | 3,567 | ||||
Contingent Consideration, Settlements | 0 | -750 | -424 | -780 | ||||
Contingent Consideration, Reclass | 0 | 0 | -143 | 0 | ||||
(Gain) loss, net from changes in fair value of contingent consideration | -1,020 | [1] | -1,529 | [1] | -1,059 | -2,276 | ||
Contingent Consideration, Ending Value | 2,986 | 8,112 | 2,986 | 8,112 | ||||
Contingent Consideration, Unrealized Gain Loss | ($1,020) | [2] | ($1,408) | [2] | ($1,020) | [2] | ($2,155) | [2] |
[1] | Changes in the fair value of contingent consideration liabilities are classified within "Acquisition-related (benefit) expense, net" on the condensed consolidated statements of operations. | |||||||
[2] | Represents the unrealized losses or gains recorded in earnings and/or other comprehensive (loss) income during the period for assets and liabilities classified as Level 3 that are still held (or outstanding) at the end of the period. |
Fair_Value_Measurements_Financ
Fair Value Measurements Financial Assets and Liabilities, Not Measured at Fair Value (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cost method investments | $15,920 | $15,788 |
Cost Method Investments, Fair Value Disclosure | $16,037 | $15,573 |
Loss_Per_Share_of_Class_A_and_2
Loss Per Share of Class A and Class B Common Stock Basic and Diluted Earnings Per Share, 2013, 2012 and 2011 (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |||||
Earnings Per Share, Basic [Abstract] | ' | ' | ' | ' | ||||
Net loss | ($19,018,000) | ($1,292,000) | ($75,303,000) | ($10,085,000) | ||||
Net income attributable to noncontrolling interests | 2,190,000 | 1,288,000 | 6,575,000 | 4,061,000 | ||||
Basic, weighted average number of shares outstanding | 669,526,524 | 666,432,848 | 675,814,535 | 662,531,567 | ||||
Basic, net (loss) earnings per share | ($0.03) | $0 | ($0.12) | ($0.02) | ||||
Earnings Per Share, Diluted [Abstract] | ' | ' | ' | ' | ||||
Basic, weighted average number of shares outstanding | 669,526,524 | 666,432,848 | 675,814,535 | 662,531,567 | ||||
Diluted, weighted average number of shares outstanding | 669,526,524 | 666,432,848 | 675,814,535 | 662,531,567 | ||||
Diluted, net (loss) earnings per share | ($0.03) | $0 | ($0.12) | ($0.02) | ||||
Common Class A [Member] | ' | ' | ' | ' | ||||
Earnings Per Share, Basic [Abstract] | ' | ' | ' | ' | ||||
Net loss | -18,950,000 | -1,287,000 | -75,035,000 | -10,049,000 | ||||
Net income attributable to noncontrolling interests | 2,182,000 | 1,283,000 | 6,552,000 | 4,046,000 | ||||
Net (loss) income attributable to common stockholders | -21,132,000 | -2,570,000 | -81,587,000 | -14,095,000 | ||||
Basic, weighted average number of shares outstanding | 667,126,548 | 664,032,872 | 673,414,559 | 660,131,591 | ||||
Basic, net (loss) earnings per share | ($0.03) | $0 | ($0.12) | ($0.02) | ||||
Earnings Per Share, Diluted [Abstract] | ' | ' | ' | ' | ||||
Net Income (Loss) Available to Common Stockholders, Diluted | -21,132,000 | -2,570,000 | -81,587,000 | -14,095,000 | ||||
Reallocation of net income attributable to common stockholders as a result of conversion of Class B | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Allocation of net income attributable to common stockholders | -21,132,000 | -2,570,000 | -81,587,000 | -14,095,000 | ||||
Basic, weighted average number of shares outstanding | 667,126,548 | 664,032,872 | 673,414,559 | 660,131,591 | ||||
Conversion of Class B | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Employee stock options | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Dilutive Securities, Effect on Basic Earnings Per Share, Options and Restrictive Stock Units | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Diluted, weighted average number of shares outstanding | 667,126,548 | [1] | 664,032,872 | [1] | 673,414,559 | [1] | 660,131,591 | [1] |
Diluted, net (loss) earnings per share | ($0.03) | $0 | ($0.12) | ($0.02) | ||||
Common Class B [Member] | ' | ' | ' | ' | ||||
Earnings Per Share, Basic [Abstract] | ' | ' | ' | ' | ||||
Net loss | -68,000 | -5,000 | -268,000 | -36,000 | ||||
Net income attributable to noncontrolling interests | 8,000 | 5,000 | 23,000 | 15,000 | ||||
Net (loss) income attributable to common stockholders | -76,000 | -10,000 | -291,000 | -51,000 | ||||
Basic, weighted average number of shares outstanding | 2,399,976 | 2,399,976 | 2,399,976 | 2,399,976 | ||||
Basic, net (loss) earnings per share | ($0.03) | $0 | ($0.12) | ($0.02) | ||||
Earnings Per Share, Diluted [Abstract] | ' | ' | ' | ' | ||||
Net Income (Loss) Available to Common Stockholders, Diluted | -76,000 | -10,000 | -291,000 | -51,000 | ||||
Reallocation of net income attributable to common stockholders as a result of conversion of Class B | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Allocation of net income attributable to common stockholders | -76,000 | -10,000 | -291,000 | -51,000 | ||||
Basic, weighted average number of shares outstanding | 2,399,976 | 2,399,976 | 2,399,976 | 2,399,976 | ||||
Conversion of Class B | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Employee stock options | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Dilutive Securities, Effect on Basic Earnings Per Share, Options and Restrictive Stock Units | $0 | [1] | $0 | [1] | $0 | [1] | $0 | [1] |
Diluted, weighted average number of shares outstanding | 2,399,976 | [1] | 2,399,976 | [1] | 2,399,976 | [1] | 2,399,976 | [1] |
Diluted, net (loss) earnings per share | ($0.03) | $0 | ($0.12) | ($0.02) | ||||
[1] | Conversion of Class B shares into Class A shares and outstanding equity awards have not been reflected in the diluted loss per share calculation for the three and nine months ended SeptemberB 30, 2014 and 2013 because the effect would be antidilutive. |
Loss_Per_Share_of_Class_A_and_3
Loss Per Share of Class A and Class B Common Stock Schedule of Equity Antidilutive Securities (Details) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' |
Antidilutive Securities, Amount | 47,103,519 | 48,595,273 | 46,206,071 | 46,160,376 |
Performance share units | ' | ' | 2,000,000 | ' |
Stock Options [Member] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' |
Antidilutive Securities, Amount | 2,610,764 | 5,023,559 | 2,905,390 | 6,242,363 |
Restricted Stock Units (RSUs) [Member] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' |
Antidilutive Securities, Amount | 43,989,496 | 43,020,496 | 42,713,167 | 39,076,490 |
Restricted Stock [Member] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' |
Antidilutive Securities, Amount | 36,988 | 217,005 | 58,718 | 357,339 |
Employee Stock [Member] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' |
Antidilutive Securities, Amount | 466,271 | 334,213 | 528,796 | 484,184 |
Segment_Information_Details
Segment Information (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Number of Reportable Segments | ' | ' | 3 | ' | ||||
Total revenue | $757,054 | $595,059 | $2,266,267 | $1,805,208 | ||||
Costs and Expenses | 728,213 | [1] | 555,906 | [1] | 2,207,467 | [1] | 1,655,859 | [1] |
Segment operating income (loss) | 28,841 | [1] | 39,153 | [1] | 58,800 | [1] | 149,349 | [1] |
Stock-based compensation | 34,574 | 26,870 | 89,958 | 89,223 | ||||
Acquisition-related (benefit) expense, net | -304 | -1,529 | 2,078 | -2,276 | ||||
(Loss) income from operations | -5,429 | 13,812 | -33,236 | 62,402 | ||||
Other (expense) income, net | -20,023 | 832 | -21,886 | -9,830 | ||||
(Loss) income before (benefit) provision for income taxes | -25,452 | 14,644 | -55,122 | 52,572 | ||||
(Benefit) provision for income taxes | -6,434 | 15,936 | 20,181 | 62,657 | ||||
Net loss | -19,018 | -1,292 | -75,303 | -10,085 | ||||
UNITED STATES | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Total revenue | 409,300 | 349,100 | 1,242,400 | 1,039,700 | ||||
SWITZERLAND | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Total revenue | 117,700 | ' | 312,000 | ' | ||||
North America [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Total revenue | 418,494 | [2] | 360,838 | [2] | 1,273,487 | [2] | 1,077,574 | [2] |
Costs and Expenses | 405,910 | [1] | 335,670 | [1] | 1,234,973 | [1] | 962,532 | [1] |
Segment operating income (loss) | 12,584 | [1] | 25,168 | [1] | 38,514 | [1] | 115,042 | [1] |
Stock-based compensation | 28,493 | 21,082 | 74,179 | 69,494 | ||||
Acquisition-related (benefit) expense, net | -304 | -984 | 1,934 | -1,364 | ||||
EMEA [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Total revenue | 230,072 | 147,950 | 688,655 | 491,710 | ||||
Costs and Expenses | 207,643 | [1] | 132,346 | [1] | 619,594 | [1] | 417,222 | [1] |
Segment operating income (loss) | 22,429 | [1] | 15,604 | [1] | 69,061 | [1] | 74,488 | [1] |
Stock-based compensation | 2,687 | 2,616 | 7,187 | 9,082 | ||||
Acquisition-related (benefit) expense, net | 0 | -545 | 144 | -912 | ||||
ROW [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Total revenue | 108,488 | 86,271 | 304,125 | 235,924 | ||||
Costs and Expenses | 114,660 | [1] | 87,890 | [1] | 352,900 | [1] | 276,105 | [1] |
Segment operating income (loss) | -6,172 | [1] | -1,619 | [1] | -48,775 | [1] | -40,181 | [1] |
Stock-based compensation | 3,394 | 3,172 | 8,592 | 10,647 | ||||
Acquisition-related (benefit) expense, net | $0 | $0 | $0 | $0 | ||||
[1] | Segment cost of revenue and operating expenses and segment operating income (loss) exclude stock-based compensation and acquisition-related (benefit) expense, net. This presentation corresponds to the measure of segment profit or loss that the Company's chief operating decision-maker uses in assessing segment performance and making resource allocation decisions. The following table summarizes the Company's stock-based compensation expense and acquisition-related (benefit) expense, net by reportable segment for the three and nine months ended SeptemberB 30, 2014 and 2013 (in thousands): Three Months Ended September 30,B Nine Months Ended September 30, 2014B 2013B 2014B 2013 Stock-based compensationB Acquisition-relatedB Stock-based compensationB Acquisition-relatedB Stock-based compensationB Acquisition-relatedB Stock-based compensationB Acquisition-relatedNorth AmericaB $28,493B $(304)B $21,082B $(984)B $74,179B $1,934B $69,494B $(1,364)EMEAB 2,687B bB 2,616B (545)B 7,187B 144B 9,082B (912)Rest of WorldB 3,394B bB 3,172B bB 8,592B bB 10,647B bConsolidatedB $34,574B $(304)B $26,870B $(1,529)B $89,958B $2,078B $89,223B $(2,276)Acquisition-related (benefit) expense, net for the North America segment includes external transaction costs and gains and losses relating to contingent consideration obligations incurred by U.S. legal entities relating to purchases of businesses that became part of the EMEA and Rest of World segments, which is consistent with the attribution used for internal reporting purposes. | |||||||
[2] | North America includes revenue from the United States of $409.3 million and $349.1 million for the three months ended September 30, 2014 and 2013, respectively, and $1,242.4 million and $1,039.7 million for the nine months ended September 30, 2014 and 2013, respectively. Beginning in September 2013, direct revenue transactions in the EMEA Goods category have been transacted through a Switzerland-based subsidiary. As a result, EMEA includes revenue from Switzerland of $117.7 million and $312.0 million for the three and nine months ended September 30, 2014, respectively. |
Segment_Information_Total_Asse
Segment Information Total Assets (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | ||||
In Thousands, unless otherwise specified | UNITED STATES | UNITED STATES | North America [Member] | North America [Member] | EMEA [Member] | EMEA [Member] | ROW [Member] | ROW [Member] | Korea [Member] | Assets, Total [Member] | ||||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Total Assets | $2,072,165 | $2,042,010 | $940,800 | $1,231,300 | $978,814 | [1] | $1,267,158 | [1] | $543,257 | $616,126 | $550,094 | [1] | $158,726 | [1] | $395,000 | ' |
Concentration of risk, percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | ||||
[1] | (1)North America contains assets from the United States of $940.8 million and $1,231.3 million as of September 30, 2014 and DecemberB 31, 2013, respectively. Rest of World contains assets from the Republic of Korea, including those assets acquired as a part of our acquisition of Ticket Monster described in Note 2 "Business Combinations," of $395.0 million as of September 30, 2014. There were no other individual countries that represented more than 10% of consolidated total assets as of September 30, 2014 and December 31, 2013, respectively. |
Segment_Information_Revenue_by
Segment Information Revenue by Segment and Category (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Primary Categories | ' | ' | 3 | ' | ||||
Third party and other | $399,803 | $394,987 | $1,232,173 | $1,252,966 | ||||
Direct | 357,251 | 200,072 | 1,034,094 | 552,242 | ||||
Total revenue | 757,054 | 595,059 | 2,266,267 | 1,805,208 | ||||
North America [Member] | ' | ' | ' | ' | ||||
Total revenue | 418,494 | [1] | 360,838 | [1] | 1,273,487 | [1] | 1,077,574 | [1] |
EMEA [Member] | ' | ' | ' | ' | ||||
Total revenue | 230,072 | 147,950 | 688,655 | 491,710 | ||||
ROW [Member] | ' | ' | ' | ' | ||||
Total revenue | 108,488 | 86,271 | 304,125 | 235,924 | ||||
Local [Member] | ' | ' | ' | ' | ||||
Third party and other | 296,999 | [2] | 305,347 | [2] | 930,876 | [2] | 965,406 | [2] |
Direct | 0 | [2] | 1,040 | [2] | 0 | [2] | 1,733 | [2] |
Total revenue | 296,999 | [2] | 306,387 | [2] | 930,876 | [2] | 967,139 | [2] |
Local [Member] | North America [Member] | ' | ' | ' | ' | ||||
Third party and other | 161,912 | [2] | 161,306 | [2] | 503,659 | [2] | 510,284 | [2] |
Direct | 0 | [2] | 1,040 | [2] | 0 | [2] | 1,733 | [2] |
Total revenue | 161,912 | [2] | 162,346 | [2] | 503,659 | [2] | 512,017 | [2] |
Local [Member] | EMEA [Member] | ' | ' | ' | ' | ||||
Third party and other | 90,002 | [2] | 92,141 | [2] | 295,607 | [2] | 313,959 | [2] |
Direct | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] |
Total revenue | 90,002 | [2] | 92,141 | [2] | 295,607 | [2] | 313,959 | [2] |
Local [Member] | ROW [Member] | ' | ' | ' | ' | ||||
Third party and other | 45,085 | [2] | 51,900 | [2] | 131,610 | [2] | 141,163 | [2] |
Direct | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] |
Total revenue | 45,085 | [2] | 51,900 | [2] | 131,610 | [2] | 141,163 | [2] |
Goods [Member] | ' | ' | ' | ' | ||||
Third party and other | 53,703 | 53,222 | 165,615 | 172,877 | ||||
Direct | 357,251 | 199,032 | 1,034,094 | 550,509 | ||||
Total revenue | 410,954 | 252,254 | 1,199,709 | 723,386 | ||||
Goods [Member] | North America [Member] | ' | ' | ' | ' | ||||
Third party and other | 1,139 | 3,999 | 3,859 | 11,794 | ||||
Direct | 237,816 | 181,915 | 714,157 | 511,357 | ||||
Total revenue | 238,955 | 185,914 | 718,016 | 523,151 | ||||
Goods [Member] | EMEA [Member] | ' | ' | ' | ' | ||||
Third party and other | 14,750 | 32,008 | 49,070 | 110,821 | ||||
Direct | 108,360 | 9,271 | 296,342 | 18,903 | ||||
Total revenue | 123,110 | 41,279 | 345,412 | 129,724 | ||||
Goods [Member] | ROW [Member] | ' | ' | ' | ' | ||||
Third party and other | 37,814 | 17,215 | 112,686 | 50,262 | ||||
Direct | 11,075 | 7,846 | 23,595 | 20,249 | ||||
Total revenue | 48,889 | 25,061 | 136,281 | 70,511 | ||||
Travel [Member] | ' | ' | ' | ' | ||||
Third party and other | 49,101 | 36,418 | 135,682 | 114,683 | ||||
Travel [Member] | North America [Member] | ' | ' | ' | ' | ||||
Third party and other | 17,627 | 12,578 | 51,812 | 42,406 | ||||
Travel [Member] | EMEA [Member] | ' | ' | ' | ' | ||||
Third party and other | 16,960 | 14,530 | 47,636 | 48,027 | ||||
Travel [Member] | ROW [Member] | ' | ' | ' | ' | ||||
Third party and other | $14,514 | $9,310 | $36,234 | $24,250 | ||||
[1] | North America includes revenue from the United States of $409.3 million and $349.1 million for the three months ended September 30, 2014 and 2013, respectively, and $1,242.4 million and $1,039.7 million for the nine months ended September 30, 2014 and 2013, respectively. Beginning in September 2013, direct revenue transactions in the EMEA Goods category have been transacted through a Switzerland-based subsidiary. As a result, EMEA includes revenue from Switzerland of $117.7 million and $312.0 million for the three and nine months ended September 30, 2014, respectively. | |||||||
[2] | Includes revenue from deals with local merchants, from deals with national merchants, and through local events. |
Segment_Information_Gross_Prof
Segment Information Gross Profit by Segment and Category (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | $380,144 | $359,622 | $1,155,727 | $1,123,325 | ||||
North America [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 176,142 | 171,569 | 535,810 | 538,511 | ||||
EMEA [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 131,648 | 123,681 | 413,384 | 416,933 | ||||
ROW [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 72,354 | 64,372 | 206,533 | 167,881 | ||||
Local [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 260,737 | [1] | 265,133 | [1] | 816,838 | [1] | 839,322 | [1] |
Local [Member] | Third party and other [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 260,737 | [1] | 265,980 | [1] | 816,838 | [1] | 840,112 | [1] |
Local [Member] | Direct [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 0 | [1] | -847 | [1] | 0 | [1] | -790 | [1] |
Local [Member] | North America [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 138,189 | [1] | 138,890 | [1] | 433,485 | [1] | 440,997 | [1] |
Local [Member] | North America [Member] | Third party and other [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 138,189 | [1] | 139,737 | [1] | 433,485 | [1] | 441,787 | [1] |
Local [Member] | North America [Member] | Direct [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 0 | [1] | -847 | [1] | 0 | [1] | -790 | [1] |
Local [Member] | EMEA [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 83,956 | [1] | 81,808 | [1] | 274,395 | [1] | 278,515 | [1] |
Local [Member] | EMEA [Member] | Third party and other [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 83,956 | [1] | 81,808 | [1] | 274,395 | [1] | 278,515 | [1] |
Local [Member] | EMEA [Member] | Direct [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Local [Member] | ROW [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 38,592 | [1] | 44,435 | [1] | 108,958 | [1] | 119,810 | [1] |
Local [Member] | ROW [Member] | Third party and other [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 38,592 | [1] | 44,435 | [1] | 108,958 | [1] | 119,810 | [1] |
Local [Member] | ROW [Member] | Direct [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Goods [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 79,082 | 62,568 | 224,139 | 184,761 | ||||
Goods [Member] | Third party and other [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 37,244 | 43,085 | 118,359 | 134,088 | ||||
Goods [Member] | Direct [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 41,838 | 19,483 | 105,780 | 50,673 | ||||
Goods [Member] | North America [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 23,953 | 21,609 | 59,518 | 61,042 | ||||
Goods [Member] | North America [Member] | Third party and other [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 951 | 3,519 | 3,239 | 10,317 | ||||
Goods [Member] | North America [Member] | Direct [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 23,002 | 18,090 | 56,279 | 50,725 | ||||
Goods [Member] | EMEA [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 32,252 | 28,943 | 94,986 | 96,025 | ||||
Goods [Member] | EMEA [Member] | Third party and other [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 12,307 | 28,036 | 43,019 | 96,264 | ||||
Goods [Member] | EMEA [Member] | Direct [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 19,945 | 907 | 51,967 | -239 | ||||
Goods [Member] | ROW [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 22,877 | 12,016 | 69,635 | 27,694 | ||||
Goods [Member] | ROW [Member] | Third party and other [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 23,986 | 11,530 | 72,101 | 27,507 | ||||
Goods [Member] | ROW [Member] | Direct [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | -1,109 | 486 | -2,466 | 187 | ||||
Travel [Member] | Third party and other [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 40,325 | 31,921 | 114,750 | 99,242 | ||||
Travel [Member] | North America [Member] | Third party and other [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 14,000 | 11,070 | 42,807 | 36,472 | ||||
Travel [Member] | EMEA [Member] | Third party and other [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | 15,440 | 12,930 | 44,003 | 42,393 | ||||
Travel [Member] | ROW [Member] | Third party and other [Member] | ' | ' | ' | ' | ||||
Gross Profit by Category [Line Items] | ' | ' | ' | ' | ||||
Gross profit | $10,885 | $7,921 | $27,940 | $20,377 | ||||
[1] | Includes gross profit from deals with local merchants, from deals with national merchants, and through local events. |