Angi (ANGI) 10-Q 10 Aug 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2020	Aug. 07, 2020
Document Information [Line Items]
Entity Central Index Key	0001705110
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-38220
Entity Registrant Name	ANGI HOMESERVICES INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	82-1204801
Entity Address, Address Line One	3601 Walnut Street
Entity Address, City or Town	Denver
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80205
City Area Code	303
Local Phone Number	963-7200
Title of 12(b) Security	Class A Common Stock, par value $0.001
Trading Symbol	ANGI
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		74,149,518
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		421,756,247
Class C Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		0

CONSOLIDATED BALANCE SHEET (Una

CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 420,985	$ 390,565
Accounts receivable, net of allowance and reserves of $27,991 and $20,293, respectively	49,760	41,669
Other current assets	63,598	67,759
Total current assets	534,343	499,993
Capitalized software, leasehold improvements and equipment, net of accumulated depreciation and amortization	104,261	103,361
Goodwill	882,406	883,960
Intangible assets, net of accumulated amortization	225,401	251,725
Other non-current assets	178,980	182,572
TOTAL ASSETS	1,925,391	1,921,611
LIABILITIES:
Current portion of long-term debt	13,750	13,750
Accounts payable	44,600	25,987
Deferred revenue	58,091	58,220
Accrued expenses and other current liabilities	138,822	116,997
Total current liabilities	255,263	214,954
Long-term debt, net	225,336	231,946
Deferred income taxes	1,891	3,441
Other long-term liabilities	115,882	121,055
Redeemable noncontrolling interests	25,093	26,663
Commitments and contingencies
SHAREHOLDERS' EQUITY:
Additional paid-in capital	1,387,618	1,357,075
Retained earnings	19,741	16,032
Accumulated other comprehensive loss	(2,740)	(1,379)
Treasury stock, 15,123 and 7,326 shares, respectively	(112,808)	(57,949)
Total ANGI Homeservices Inc. shareholders' equity	1,292,322	1,314,288
Noncontrolling interests	9,604	9,264
Total shareholders' equity	1,301,926	1,323,552
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	1,925,391	1,921,611
Class A common stock, $0.001 par value; authorized 2,000,000 shares; issued 89,076 and 87,007 shares, respectively, and outstanding 73,953 and 79,681, respectively
SHAREHOLDERS' EQUITY:
Common stock	89	87
Class B convertible common stock, $0.001 par value; authorized 1,500,000 shares; 421,757 and 421,570 shares issued and outstanding
SHAREHOLDERS' EQUITY:
Common stock	422	422
Class C common stock, $0.001 par value; authorized 1,500,000 shares; no shares issued and outstanding
SHAREHOLDERS' EQUITY:
Common stock	$ 0	$ 0

CONSOLIDATED BALANCE SHEET (U_2

CONSOLIDATED BALANCE SHEET (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Allowance and reserves	$ 27,991	$ 20,293
Treasury stock (shares)	15,123,000	7,326,000
Class A Common Stock
Common stock, par value (USD per share)	$ 0.001	$ 0.001
Common stock authorized (shares)	2,000,000,000	2,000,000,000
Common stock issued (shares)	89,076,000	87,007,000
Common stock outstanding (shares)	73,953,000	79,681,000
Class B Common Stock
Common stock, par value (USD per share)	$ 0.001	$ 0.001
Common stock authorized (shares)	1,500,000,000	1,500,000,000
Common stock issued (shares)	421,757,000	421,570,000
Common stock outstanding (shares)	421,757,000	421,570,000
Class C Common Stock
Common stock, par value (USD per share)	$ 0.001	$ 0.001
Common stock authorized (shares)	1,500,000,000	1,500,000,000
Common stock issued (shares)	0	0
Common stock outstanding (shares)	0	0

CONSOLIDATED STATEMENT OF OPERA

CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenue	$ 375,061	$ 343,896	$ 718,711	$ 647,339
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	41,042	10,722	74,271	20,733
Selling and marketing expense	189,984	196,167	379,943	371,469
General and administrative expense	85,451	88,013	180,007	172,442
Product development expense	15,407	15,082	32,491	30,886
Depreciation	12,555	8,796	24,693	15,795
Amortization of intangibles	12,978	13,713	25,958	28,252
Total operating costs and expenses	357,417	332,493	717,363	639,577
Operating income	17,644	11,403	1,348	7,762
Interest expense	(1,620)	(2,963)	(3,894)	(5,957)
Other income, net	212	1,047	633	3,318
Earnings (loss) before income taxes	16,236	9,487	(1,913)	5,123
Income tax (provision) benefit	(3,025)	(2,253)	5,940	11,962
Net earnings	13,211	7,234	4,027	17,085
Net earnings attributable to noncontrolling interests	(544)	(266)	(318)	(148)
Net earnings attributable to ANGI Homeservices Inc. shareholders	$ 12,667	$ 6,968	$ 3,709	$ 16,937
Earnings per share information attributable to ANGI Homeservices Inc. shareholders:
Basic earnings per share (USD per share)	$ 0.03	$ 0.01	$ 0.01	$ 0.03
Diluted earnings per share (USD per share)	$ 0.02	$ 0.01	$ 0.01	$ 0.03
Stock-based compensation expense by function:
Stock-based compensation expense	$ 14,759	$ 17,520	$ 40,334	$ 36,802
Selling and marketing expense
Stock-based compensation expense by function:
Stock-based compensation expense	720	1,046	1,723	2,005
General and administrative expense
Stock-based compensation expense by function:
Stock-based compensation expense	13,131	14,642	36,111	30,749
Product development expense
Stock-based compensation expense by function:
Stock-based compensation expense	$ 908	$ 1,832	$ 2,500	$ 4,048

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net earnings	$ 13,211	$ 7,234	$ 4,027	$ 17,085
Other comprehensive income (loss):
Change in foreign currency translation adjustment	4,486	(1,674)	(2,082)	191
Change in unrealized gains and losses on available-for-sale debt securities	0	0	0	(3)
Total other comprehensive income (loss)	4,486	(1,674)	(2,082)	188
Comprehensive income	17,697	5,560	1,945	17,273
Components of comprehensive (income) loss attributable to noncontrolling interests:
Net earnings attributable to noncontrolling interests	(544)	(266)	(318)	(148)
Change in foreign currency translation adjustment attributable to noncontrolling interests	767	383	721	191
Comprehensive loss attributable to noncontrolling interests	223	117	403	43
Comprehensive income attributable to ANGI Homeservices Inc. shareholders	$ 17,920	$ 5,677	$ 2,348	$ 17,316

CONSOLIDATED STATEMENT OF SHARE

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Redeemable Noncontrolling Interests	Total ANGI Homeservices Inc. Shareholders' Equity	Common StockClass A Common Stock	Common StockClass B Common Stock	Common StockClass C Common Stock	Additional Paid-in Capital	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Loss	Treasury Stock	Noncontrolling Interests
Balance at beginning of period at Dec. 31, 2018		$ 18,163
Increase (Decrease) in Redeemable Noncontrolling Interests
Net (loss) earnings		51
Other comprehensive (loss) income		(149)
Stock-based compensation expense		77
Adjustment of redeemable noncontrolling interests to fair value		5,279
Balance at end of period at Jun. 30, 2019		23,421
Balance at beginning of period at Dec. 31, 2018	$ 1,321,987		$ 1,312,941	$ 81	$ 421	$ 0	$ 1,333,097	$ (18,797)	$ (1,861)	$ 0	$ 9,046
Balance at beginning of period (shares) at Dec. 31, 2018				80,515	421,118	0
Increase (Decrease) in Shareholders' Equity
Net (loss) earnings	17,034		16,937					16,937			97
Other comprehensive (loss) income	337		379						379		(42)
Stock-based compensation expense	36,725		36,725				36,725
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(25,443)		(25,443)	$ 5			(25,448)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (shares)				5,288
Issuance of common stock to IAC pursuant to the employee matters agreement	(795)		(795)				(795)
Issuance of common stock to IAC pursuant to the employee matters agreement (shares)					335
Adjustment of redeemable noncontrolling interests to fair value	(5,279)		(5,279)				(5,279)
Other	(20)		(20)				(20)
Balance at end of period at Jun. 30, 2019	1,344,546		1,335,445	$ 86	$ 421	$ 0	1,338,280	(1,860)	(1,482)	0	9,101
Balance at end of period (shares) at Jun. 30, 2019				85,803	421,453	0
Balance at beginning of period at Mar. 31, 2019		23,242
Increase (Decrease) in Redeemable Noncontrolling Interests
Net (loss) earnings		160
Other comprehensive (loss) income		(335)
Stock-based compensation expense		35
Adjustment of redeemable noncontrolling interests to fair value		319
Balance at end of period at Jun. 30, 2019		23,421
Balance at beginning of period at Mar. 31, 2019	1,331,901		1,322,858	$ 85	$ 421	$ 0	1,331,371	(8,828)	(191)	0	9,043
Balance at beginning of period (shares) at Mar. 31, 2019				84,718	421,452	0
Increase (Decrease) in Shareholders' Equity
Net (loss) earnings	7,074		6,968					6,968			106
Other comprehensive (loss) income	(1,339)		(1,291)						(1,291)		(48)
Stock-based compensation expense	17,485		17,485				17,485
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(10,256)		(10,256)	$ 1			(10,257)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (shares)				1,085
Issuance of common stock to IAC pursuant to the employee matters agreement (shares)					1
Adjustment of redeemable noncontrolling interests to fair value	(319)		(319)				(319)
Balance at end of period at Jun. 30, 2019	1,344,546		1,335,445	$ 86	$ 421	$ 0	1,338,280	(1,860)	(1,482)	0	9,101
Balance at end of period (shares) at Jun. 30, 2019				85,803	421,453	0
Balance at beginning of period at Dec. 31, 2019	26,663	26,663
Increase (Decrease) in Redeemable Noncontrolling Interests
Net (loss) earnings		(55)
Other comprehensive (loss) income		(687)
Stock-based compensation expense		15
Purchase of redeemable noncontrolling interests		(3,165)
Adjustment of redeemable noncontrolling interests to fair value		2,322
Balance at end of period at Jun. 30, 2020	25,093	25,093
Balance at beginning of period at Dec. 31, 2019	1,323,552		1,314,288	$ 87	$ 422	$ 0	1,357,075	16,032	(1,379)	(57,949)	9,264
Balance at beginning of period (shares) at Dec. 31, 2019				87,007	421,570	0
Increase (Decrease) in Shareholders' Equity
Net (loss) earnings	4,082		3,709					3,709			373
Other comprehensive (loss) income	(1,395)		(1,361)						(1,361)		(34)
Stock-based compensation expense	40,818		40,818				40,818
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(10,771)		(10,771)	$ 2			(10,773)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (shares)				2,069
Issuance of common stock to IAC pursuant to the employee matters agreement	(791)		(791)				(791)
Issuance of common stock to IAC pursuant to the employee matters agreement (shares)					187
Purchase of treasury stock	(54,859)		(54,859)							(54,859)
Adjustment of redeemable noncontrolling interests to fair value	(2,322)		(2,322)				(2,322)
Adjustment pursuant to the tax sharing agreement	3,613		3,613				3,613
Other	(1)		(2)				(2)				1
Balance at end of period at Jun. 30, 2020	1,301,926		1,292,322	$ 89	$ 422	$ 0	1,387,618	19,741	(2,740)	(112,808)	9,604
Balance at end of period (shares) at Jun. 30, 2020				89,076	421,757	0
Balance at beginning of period at Mar. 31, 2020		23,813
Increase (Decrease) in Redeemable Noncontrolling Interests
Net (loss) earnings		220
Other comprehensive (loss) income		(786)
Adjustment of redeemable noncontrolling interests to fair value		1,846
Balance at end of period at Jun. 30, 2020	25,093	$ 25,093
Balance at beginning of period at Mar. 31, 2020	1,291,010		1,281,750	$ 88	$ 422	$ 0	1,379,079	7,074	(7,993)	(96,920)	9,260
Balance at beginning of period (shares) at Mar. 31, 2020				87,624	421,757	0
Increase (Decrease) in Shareholders' Equity
Net (loss) earnings	12,991		12,667					12,667			324
Other comprehensive (loss) income	5,272		5,253						5,253		19
Stock-based compensation expense	18,607		18,607				18,607
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(8,219)		(8,219)	$ 1			(8,220)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (shares)				1,452
Purchase of treasury stock	(15,888)		(15,888)							(15,888)
Adjustment of redeemable noncontrolling interests to fair value	(1,846)		(1,846)				(1,846)
Other	(1)		(2)				(2)				1
Balance at end of period at Jun. 30, 2020	$ 1,301,926		$ 1,292,322	$ 89	$ 422	$ 0	$ 1,387,618	$ 19,741	$ (2,740)	$ (112,808)	$ 9,604
Balance at end of period (shares) at Jun. 30, 2020				89,076	421,757	0

CONSOLIDATED STATEMENT OF SHA_2

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
Class A Common Stock
Common stock, par value (USD per share)	$ 0.001	$ 0.001
Class B Common Stock
Common stock, par value (USD per share)	0.001	0.001
Class C Common Stock
Common stock, par value (USD per share)	$ 0.001	$ 0.001

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net earnings	$ 4,027	$ 17,085
Adjustments to reconcile net earnings to net cash provided by operating activities:
Stock-based compensation expense	40,334	36,802
Amortization of intangibles	25,958	28,252
Bad debt expense	39,338	32,143
Depreciation	24,693	15,795
Deferred income taxes	(6,290)	(12,407)
Other adjustments, net	5,524	3,446
Changes in assets and liabilities, net of effects of acquisitions and dispositions:
Accounts receivable	(48,222)	(61,889)
Other assets	7,132	10,556
Accounts payable and other liabilities	35,930	29,588
Income taxes payable and receivable	(502)	269
Deferred revenue	(125)	3,384
Net cash provided by operating activities	127,797	103,024
Cash flows from investing activities:
Acquisition, net of cash acquired	0	(20,341)
Capital expenditures	(24,665)	(39,113)
Proceeds from maturities of marketable debt securities		25,000
Net proceeds from the sale of a business	731	23,599
Other, net		(103)
Net cash used in investing activities	(23,934)	(10,958)
Cash flows from financing activities:
Principal payments on term loan	(6,875)	(6,875)
Principal payments on related-party debt	0	(1,008)
Purchase of treasury stock	(54,400)	0
Proceeds from the exercise of stock options	0	573
Withholding taxes paid on behalf of employees on net settled stock-based awards	(11,494)	(26,245)
Distribution from (to) IAC pursuant to the tax sharing agreement	3,071
Distribution from (to) IAC pursuant to the tax sharing agreement		(11,355)
Purchase of noncontrolling interests	(3,165)	0
Other, net	0	(3,732)
Net cash used in financing activities	(72,863)	(48,642)
Total cash provided	31,000	43,424
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(702)	157
Net increase in cash and cash equivalents and restricted cash	30,298	43,581
Cash and cash equivalents and restricted cash at beginning of period	391,478	338,821
Cash and cash equivalents and restricted cash at end of period	$ 421,776	$ 382,402

THE COMPANY AND SUMMARY OF SIGN

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations ANGI Homeservices Inc. connects quality home service professionals across 500 different categories, from repairing and remodeling to cleaning and landscaping, with consumers. Over 230,000 domestic service professionals actively seek consumer matches, complete jobs or advertise work through ANGI Homeservices' platforms and consumers turn to at least one of our brands to find a professional for more than 25 million projects each year. We’ve established category-transforming products with brands such as HomeAdvisor, Angie’s List, Handy and Fixd Repair. The Company has two operating segments (i) North America (United States and Canada), which includes HomeAdvisor, Angie's List, Handy, mHelpDesk, HomeStars and Fixd Repair and (ii) Europe, which includes Travaux, MyHammer, MyBuilder, Werkspot and Instapro. As used herein, "ANGI Homeservices," the "Company," "ANGI," "we," "our" or "us" and similar terms refer to ANGI Homeservices Inc. and its subsidiaries (unless the context requires otherwise). At June 30, 2020 , IAC/InterActiveCorp ("IAC") owned 85.1% and 98.3% of the economic interest and voting interest, respectively, of ANGI Homeservices. COVID-19 Update The impact on the Company from the COVID-19 outbreak, which has been declared a "pandemic" by the World Health Organization, has been varied. The extent to which developments related to the COVID-19 outbreak and measures designed to curb its spread continue to impact the Company’s business, financial condition and results of operations will depend on future developments, all of which are highly uncertain and many of which are beyond the Company’s control, including the speed of contagion, the development and implementation of effective preventative measures and possible treatments, the scope of governmental and other restrictions on travel, discretionary services (including those provided by certain of our service professionals) and other activity, and public reactions to these developments. For example, these developments and measures have resulted in rapid and adverse changes to the operating environment in which we do business, as well as significant uncertainty concerning the near and long term economic ramifications of the COVID-19 outbreak, which have adversely impacted our ability to forecast our results and respond in a timely and effective manner to trends related to the COVID-19 outbreak. The longer the global outbreak and measures designed to curb the spread of the virus continue to adversely affect levels of consumer confidence, discretionary spending and the willingness of consumers to interact with other consumers, vendors and service providers face-to-face (and in turn, adversely affect demand for the Company’s various products and services), the greater the adverse impact is likely to be on the Company’s business, financial condition and results of operations and the more limited will be the Company’s ability to try and make up for delayed or lost revenues. In March 2020, the Company experienced a decline in demand for service requests, driven primarily by decreases in demand in certain categories of jobs (particularly discretionary indoor projects). In the second quarter of 2020, the Company experienced a rebound in service requests, exceeding pre-COVID-19 growth levels, driven by increased demand from homeowners who spent more time at home due to measures taken to reduce the spread of COVID-19. However, many service professionals' businesses have been adversely impacted by labor and material constraints, which negatively impacted the Company's ability to monetize this increased level of service requests. Also, the United States, which represents 94% of the Company's revenue for both the three and six months ended June 30, 2020, has experienced a resurgence of the COVID-19 virus beginning in June 2020. This resurgence could result in a reduction in service requests and/or a reduction in our ability to monetize service requests due to service professional constraints, one or both of which could materially and adversely affect our business, financial condition and results of operations. Basis of Presentation and Consolidation The Company prepares its consolidated financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”). The consolidated financial statements include the accounts of the Company, all entities that are wholly-owned by the Company and all entities in which the Company has a controlling financial interest. Intercompany transactions and accounts have been eliminated. For the purpose of these financial statements, income taxes have been computed as if ANGI Homeservices filed tax returns on a standalone, separate tax return basis. Any differences between taxes currently payable to or receivable from IAC under the tax sharing agreement between the Company and IAC and the current tax provision computed on an as if standalone, separate return basis for GAAP are reflected as adjustments to additional paid-in capital and as financing activities within the statement of cash flows. In management's opinion, the unaudited interim consolidated financial statements have been prepared on the same basis as the annual consolidated financial statements and reflect all adjustments, consisting of normal and recurring adjustments, necessary for the fair presentation of the Company's consolidated financial position, consolidated results of operations and consolidated cash flows for the periods presented. Interim results are not necessarily indicative of the results that may be expected for the full year. The accompanying unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2019 . Accounting Estimates Management of the Company is required to make certain estimates, judgments and assumptions during the preparation of its consolidated financial statements in accordance with GAAP. These estimates, judgments and assumptions impact the reported amounts of assets, liabilities, revenue and expenses and the related disclosure of contingent assets and liabilities. Actual results could differ from these estimates. On an ongoing basis, the Company evaluates its estimates and judgments, including those related to: the fair values of cash equivalents; the carrying value of accounts receivable, including the determination of the allowance for credit losses; the determination of revenue reserves; the carrying value of right-of-use assets ("ROU assets"); the useful lives and recoverability of definite-lived intangible assets and capitalized software, leasehold improvements and equipment; the recoverability of goodwill and indefinite-lived intangible assets; unrecognized tax benefits; the valuation allowance for deferred income tax assets; and the fair value of and forfeiture rates for stock-based awards, among others. The Company bases its estimates and judgments on historical experience, its forecasts and budgets and other factors that the Company considers relevant. General Revenue Recognition Revenue is recognized when control of the promised services or goods is transferred to the Company's customers and in the amount that reflects the consideration the Company expects to be entitled to in exchange for those services or goods. The Company's disaggregated revenue disclosures are presented in " Note 7—Segment Information ." Prior to January 1, 2020, Handy recorded revenue on a net basis. Effective January 1, 2020, the Company modified the Handy terms and conditions so that Handy, rather than the service professional, has the contractual relationship with the consumer to deliver the service and Handy, rather than the consumer, has the contractual relationship with the service professional. Consumers request services and pay for such services directly through the Handy platform and then Handy fulfills the request with independently established home services providers engaged in a trade, occupation and/or business that customarily provides such services. This change in contractual terms requires gross revenue accounting treatment effective January 1, 2020. Also, in the case of certain tasks, HomeAdvisor provides a pre-priced product offering, pursuant to which consumers can request services through a HomeAdvisor platform and pay HomeAdvisor for the services directly. HomeAdvisor then fulfills the request with independently established home services providers engaged in a trade, occupation and/or business that customarily provides such services. Revenue from HomeAdvisor’s pre-priced product offering is also recorded on a gross basis effective January 1, 2020. In addition to changing the presentation of revenue to gross from net, the timing of revenue recognition changed for HomeAdvisor pre-priced jobs and will be later than consumer connection revenue because the Company will not be able to record revenue, generally, until the service professional completes the job on the Company's behalf. The change to gross revenue reporting for Handy and HomeAdvisor’s pre-priced product offering, effective January 1, 2020, resulted in an increase in revenue of $15.3 million and $30.5 million during the three and six months ended June 30, 2020 , respectively. Deferred Revenue Deferred revenue consists of payments that are received or are contractually due in advance of the Company's performance. The Company’s deferred revenue is reported on a contract by contract basis at the end of each reporting period. The Company classifies deferred revenue as current when the term of the applicable subscription period or expected completion of the Company's performance obligation is one year or less. The current and non-current deferred revenue balances at December 31, 2019 were $58.2 million and $0.2 million , respectively. During the six months ended June 30, 2020 , the Company recognized $49.5 million of revenue that was included in the deferred revenue balance as of December 31, 2019 . During the six months ended June 30, 2019 , the Company recognized $50.5 million of revenue that was included in the deferred revenue balance as of December 31, 2018 . The current and non-current deferred revenue balances at June 30, 2020 are $58.1 million and $0.1 million , respectively. Non-current deferred revenue is included in “Other long-term liabilities” in the accompanying consolidated balance sheet. Practical Expedients and Exemptions As permitted under the practical expedient available under Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers, the Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less, (ii) contracts with variable consideration that is allocated entirely to unsatisfied performance obligations or to a wholly unsatisfied promise accounted for under the series guidance, and (iii) contracts for which the Company recognizes revenue at the amount which the Company has the right to invoice for services performed. For sales incentive programs where the customer relationship period is one year or less, the Company has elected the practical expedient to expense the costs as incurred. The amount of capitalized sales commissions where the initial customer relationship period is greater than one year is $47.4 million and $39.1 million at June 30, 2020 and December 31, 2019 , respectively. The current and non-current capitalized sales commissions balances are included in "Other current assets" and "Other non-current assets" in the accompanying consolidated balance sheet and are $44.3 million and $3.1 million , and $35.1 million and $4.0 million , at June 30, 2020 and December 31, 2019, respectively. Allowance for Credit Losses and Revenue Reserve The following table presents the changes in the allowance for credit losses for the six months ended June 30, 2020 : June 30, 2020 (In thousands) Balance at January 1 $ 19,066 Current period provision for credit losses 39,338 Write-offs charged against the allowance (33,700 ) Recoveries collected 1,283 Balance at June 30 $ 25,987 The revenue reserve was $2.0 million and $1.2 million at June 30, 2020 and December 31, 2019 , respectively. The total allowance for credit losses and revenue reserve was $28.0 million and $20.3 million as of June 30, 2020 and December 31, 2019 , respectively. Adoption of New Accounting Pronouncements Adoption of ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments The Company adopted ASU No. 2016-13 effective January 1, 2020. ASU No. 2016-13 replaces the “incurred loss” approach with an “expected loss” model, under which companies will recognize allowances based on expected rather than incurred losses. The Company adopted ASU No. 2016-13 using the modified retrospective approach and there was no cumulative effect arising from the adoption. The adoption of ASU No. 2016-13 did not have a material impact on the Company's consolidated financial statements. Adoption of ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes The Company adopted ASU No. 2019-12 effective January 1, 2020, which simplifies the accounting for income taxes, eliminates certain exceptions within ASC 740, Income Taxes , and clarifies certain aspects of the current guidance to promote consistency among reporting entities. Most amendments within ASU No. 2019-12 are required to be applied on a prospective basis, while certain amendments must be applied on a retrospective or modified retrospective basis. The Company adopted ASU No. 2019-12 on January 1, 2020 using the modified retrospective basis for those amendments that are not applied on a prospective basis. The adoption of ASU No. 2019-12 did not have a material impact on the Company’s consolidated financial statements. Reclassifications Certain prior year amounts have been reclassified to conform to the current year presentation.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company is included within IAC’s tax group for purposes of federal and consolidated state income tax return filings. In all periods presented, current and deferred income tax benefit/provision have been computed for the Company on an as if standalone, separate return basis and payments to and refunds from IAC for the Company's share of IAC’s consolidated federal and state tax return liabilities/receivables calculated on this basis have been reflected within cash flows from operating activities in the accompanying consolidated statement of cash flows. The tax sharing agreement between the Company and IAC governs the parties’ respective rights, responsibilities and obligations with respect to tax matters, including responsibility for taxes attributable to the Company, entitlement to refunds, allocation of tax attributes and other matters and, therefore, ultimately governs the amount payable to or receivable from IAC with respect to income taxes. Any differences between taxes currently payable to or receivable from IAC under the tax sharing agreement and the current tax provision computed on an as if standalone, separate return basis for GAAP are reflected as adjustments to additional paid-in capital in the consolidated statement of shareholders' equity and financing activities within the consolidated statement of cash flows. At the end of each interim period, the Company estimates the annual expected effective income tax rate and applies that rate to its ordinary year-to-date earnings or loss. The income tax provision or benefit related to significant, unusual, or extraordinary items, if applicable, that will be separately reported or reported net of their related tax effects are individually computed and recognized in the interim period in which they occur. In addition, the effect of changes in enacted tax laws or rates, tax status, judgment on the realizability of a beginning-of-the-year deferred tax asset in future years or unrecognized tax benefits is recognized in the interim period in which the change occurs. The computation of the annual expected effective income tax rate at each interim period requires certain estimates and assumptions including, but not limited to, the expected pre-tax income (or loss) for the year, projections of the proportion of income (and/or loss) earned and taxed in foreign jurisdictions, permanent and temporary differences, and the likelihood of the realizability of deferred tax assets generated in the current year. The accounting estimates used to compute the provision or benefit for income taxes may change as new events occur, more experience is acquired, additional information is obtained or the Company's tax environment changes. To the extent that the expected annual effective income tax rate changes during a quarter, the effect of the change on prior quarters is included in income tax provision in the quarter in which the change occurs. For the three months ended June 30, 2020 , the Company recorded an income tax provision of $3.0 million , which represents an effective income tax rate of 19% . The effective income tax rate is lower than the statutory rate of 21% due primarily to benefiting (previously unbenefited) foreign net operating loss carryforwards. For the six months ended June 30, 2020 , the Company recorded an income tax benefit of $ 5.9 million due primarily to a $5.7 million reduction to deferred taxes due to the true-up of the state tax rate for an indefinite-lived intangible asset and benefiting foreign net operating loss carryforwards. For the three months ended June 30, 2019 , the Company recorded an income tax provision of $2.3 million , which represents an effective income tax rate of 24% and is higher than the statutory rate of 21% due primarily to unbenefited foreign losses and state taxes, partially offset by excess tax benefits generated by the exercise and vesting of stock-based awards. For the six months ended June 30, 2019 , the Company recorded an income tax benefit of $12.0 million due primarily to excess tax benefits generated by the exercise and vesting of stock-based awards. The Company recognizes interest and, if applicable, penalties related to unrecognized tax benefits in the income tax provision. Accruals for interest and penalties are not material. The Company is routinely under audit by federal, state, local and foreign authorities in the area of income tax as a result of previously filed separate company and consolidated tax returns with IAC. These audits include questioning the timing and the amount of income and deductions and the allocation of income and deductions among various tax jurisdictions. The Internal Revenue Service has substantially completed its audit of IAC’s federal income tax returns for the years ended December 31, 2010 through 2016, which includes the operations of the HomeAdvisor businesses. The IRS began its audit of the year ended December 31, 2017 in the second quarter of 2020. The statutes of limitations for the years 2010 through 2012 and for the years 2013 through 2016 have been extended to May 31, 2021 and March 31, 2021, respectively. Returns filed in various other jurisdictions are open to examination for various tax years beginning with 2009. Income taxes payable include unrecognized tax benefits considered sufficient to pay assessments that may result from examination of prior year tax returns. The Company considers many factors when evaluating and estimating its tax positions and tax benefits, which may not accurately anticipate actual outcomes and, therefore, may require periodic adjustment. Although management currently believes changes in unrecognized tax benefits from period to period and differences between amounts paid, if any, upon resolution of issues raised in audits and amounts previously provided will not have a material impact on liquidity, results of operations, or financial condition of the Company, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future. At June 30, 2020 and December 31, 2019 , unrecognized tax benefits, including interest of $3.9 million and $4.1 million , respectively, were included in unrecognized tax positions for tax positions included in IAC’s consolidated tax return filings. If unrecognized tax benefits at June 30, 2020 are subsequently recognized, the income tax provision would be reduced by $3.7 million . The comparable amount as of December 31, 2019 is $4.0 million . The Company believes it is reasonably possible that its unrecognized tax benefits could decrease by $0.5 million by June 30, 2021 due to settlements, all of which would reduce the income tax provision. The Company regularly assesses the realizability of deferred tax assets considering all available evidence including, to the extent applicable, the nature, frequency and severity of prior cumulative losses, forecasts of future taxable income, tax filing status, the duration of statutory carryforward periods, available tax planning and historical experience. As of June 30, 2020 , the Company has a U.S. federal and state gross deferred tax asset of $178.2 million that the Company expects to fully utilize on a more likely than not basis. Of this amount, $65.0 million will be utilized upon the future reversal of deferred tax liabilities and the remaining net deferred tax asset of $113.2 million will be utilized based on forecasts of future taxable income.

FINANCIAL INSTRUMENTS AND FAIR

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS Fair Value Measurements The Company categorizes its financial instruments measured at fair value into a fair value hierarchy that prioritizes the inputs used in pricing the asset or liability. The three levels of the fair value hierarchy are: • Level 1: Observable inputs obtained from independent sources, such as quoted market prices for identical assets and liabilities in active markets. • Level 2: Other inputs, which are observable directly or indirectly, such as quoted market prices for similar assets or liabilities in active markets, quoted market prices for identical or similar assets or liabilities in markets that are not active and inputs that are derived principally from or corroborated by observable market data. The fair values of the Company's Level 2 financial assets are primarily obtained from observable market prices for identical underlying securities that may not be actively traded. Certain of these securities may have different market prices from multiple market data sources, in which case an average market price is used. • Level 3: Unobservable inputs for which there is little or no market data and require the Company to develop its own assumptions, based on the best information available in the circumstances, about the assumptions market participants would use in pricing the assets or liabilities. The following tables present the Company’s financial instruments that are measured at fair value on a recurring basis: June 30, 2020 Quoted Market Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs Total (In thousands) Assets: Cash equivalents: Money market funds $ 156,063 $ — $ — $ 156,063 Treasury discount notes — 174,987 — 174,987 Time deposits — 2,936 — 2,936 Total $ 156,063 $ 177,923 $ — $ 333,986 December 31, 2019 Quoted Market Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs Total (In thousands) Assets: Cash equivalents: Money market funds $ 291,810 $ — $ — $ 291,810 Time deposits — 23,040 — 23,040 Total $ 291,810 $ 23,040 $ — $ 314,850 Assets measured at fair value on a nonrecurring basis The Company’s non-financial assets, such as goodwill, intangible assets, ROU assets, capitalized software, leasehold improvements and equipment are adjusted to fair value only when an impairment is recognized. Such fair value measurements are based predominantly on Level 3 inputs. Financial instruments measured at fair value only for disclosure purposes The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes: June 30, 2020 December 31, 2019 Carrying value Fair value Carrying value Fair value (In thousands) Current portion of long-term debt $ (13,750 ) $ (13,750 ) $ (13,750 ) $ (13,681 ) Long-term debt, net (a) $ (225,336 ) $ (226,875 ) $ (231,946 ) $ (232,581 ) _________________ (a) At June 30, 2020 and December 31, 2019 , the carrying value of long-term debt, net includes unamortized debt issuance costs of $1.5 million and $1.8 million , respectively . At June 30, 2020 and December 31, 2019 , the fair value of long-term debt, including the current portion, is estimated using observable market prices or indices for similar liabilities, which are Level 2 inputs.

LONG-TERM DEBT

LONG-TERM DEBT	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt consists of: June 30, 2020 December 31, 2019 (In thousands) Term Loan due November 5, 2023 $ 240,625 $ 247,500 Less: current portion of Term Loan 13,750 13,750 Less: unamortized debt issuance costs 1,539 1,804 Total long-term debt, net $ 225,336 $ 231,946 Term Loan and Credit Facility The outstanding balance of the term loan ("Term Loan") was $240.6 million and $247.5 million at June 30, 2020 and December 31, 2019 , respectively. There are quarterly principal payments of $3.4 million through December 31, 2021 , $6.9 million for the one-year period ending December 31, 2022 and $10.3 million through maturity of the loan when the final amount of $161.6 million is due. Additionally, interest payments are due at least quarterly through the term of the loan. At both June 30, 2020 and December 31, 2019 , the Term Loan bore interest at LIBOR plus 1.50% , or 1.70% and 3.25% , respectively. The spread over LIBOR is subject to change in future periods based on the Company's consolidated net leverage ratio. The terms of the Term Loan require the Company to maintain a consolidated net leverage ratio of not more than 4.5 to 1.0 and a minimum interest coverage ratio of not less than 2.0 to 1.0 (in each case as defined in the credit agreement). The Term Loan also contains covenants that would limit the Company's ability to pay dividends, make distributions or repurchase its stock in the event a default has occurred or its consolidated net leverage ratio exceeds 4.25 to 1.0. At June 30, 2020 , there were no limitations pursuant thereto. There are additional covenants under the Term Loan that limit the ability of the Company and its subsidiaries to, among other things, incur indebtedness, pay dividends or make distributions. The $250 million revolving credit facility (the "Credit Facility") expires on November 5, 2023 . At June 30, 2020 and December 31, 2019 , there were no outstanding borrowings under the Credit Facility. The annual commitment fee on undrawn funds is based on the consolidated net leverage ratio most recently reported and was 25 basis points at both June 30, 2020 and December 31, 2019 . Any future borrowings under the Credit Facility would bear interest, at the Company's option, at either a base rate or LIBOR, in each case plus an applicable margin, which is based on the Company's consolidated net leverage ratio. The financial and other covenants are the same as those for the Term Loan. The Term Loan and Credit Facility are guaranteed by the Company's wholly-owned material domestic subsidiaries and are secured by substantially all assets of the Company and the guarantors, subject to certain exceptions.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSS The following tables present the components of accumulated other comprehensive loss: Three Months Ended June 30, 2020 Foreign Accumulated (In thousands) Balance at April 1 $ (7,993 ) $ (7,993 ) Other comprehensive income 5,253 5,253 Balance at June 30 $ (2,740 ) $ (2,740 ) Three Months Ended June 30, 2019 Foreign Accumulated (In thousands) Balance at April 1 $ (191 ) $ (191 ) Other comprehensive loss (1,291 ) (1,291 ) Balance at June 30 $ (1,482 ) $ (1,482 ) Six Months Ended June 30, 2020 Foreign Accumulated (In thousands) Balance at January 1 $ (1,379 ) $ (1,379 ) Other comprehensive loss (1,361 ) (1,361 ) Balance at June 30 $ (2,740 ) $ (2,740 ) Six Months Ended June 30, 2019 Foreign Unrealized Gains (Losses) On Available-For-Sale Debt Securities Accumulated (In thousands) Balance at January 1 $ (1,864 ) $ 3 $ (1,861 ) Other comprehensive income (loss) 382 (3 ) 379 Balance at June 30 $ (1,482 ) $ — $ (1,482 ) At both June 30, 2020 and 2019 , there was no tax benefit or provision on the accumulated other comprehensive loss.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share attributable to ANGI Homeservices shareholders: Three Months Ended June 30, 2020 2019 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: Net earnings $ 13,211 $ 13,211 $ 7,234 $ 7,234 Net earnings attributable to noncontrolling interests (544 ) (544 ) (266 ) (266 ) Net earnings attributable to ANGI Homeservices Inc. shareholders $ 12,667 $ 12,667 $ 6,968 $ 6,968 Denominator: Weighted average basic shares outstanding 495,769 495,769 506,725 506,725 Dilutive securities (a) (b) — 14,765 — 13,904 Denominator for earnings per share—weighted average shares 495,769 510,534 506,725 520,629 Earnings per share attributable to ANGI Homeservices Inc. shareholders: Earnings per share $ 0.03 $ 0.02 $ 0.01 $ 0.01 Six Months Ended June 30, 2020 2019 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: Net earnings $ 4,027 $ 4,027 $ 17,085 $ 17,085 Net earnings attributable to noncontrolling interests (318 ) (318 ) (148 ) (148 ) Net earnings attributable to ANGI Homeservices Inc. shareholders $ 3,709 $ 3,709 $ 16,937 $ 16,937 Denominator: Weighted average basic shares outstanding 497,611 497,611 505,548 505,548 Dilutive securities (a) (b) — 11,136 — 16,313 Denominator for earnings per share—weighted average shares 497,611 508,747 505,548 521,861 Earnings per share attributable to ANGI Homeservices Inc. shareholders: Earnings per share $ 0.01 $ 0.01 $ 0.03 $ 0.03 ________________________ (a) If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock options, subsidiary denominated equity, and vesting of restricted stock units ("RSUs"). For the three and six months ended June 30, 2020 , 4.9 million and 5.4 million potentially dilutive securities, respectively, are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. For both the three and six months ended June 30, 2019, 4.2 million potentially dilutive securities are excluded from the calculation of diluted securities per share because their inclusion would have been anti-dilutive. (b) Market-based awards and performance-based stock units ("PSUs") are considered contingently issuable shares. Shares issuable upon exercise or vesting of market-based awards and PSUs are included in the denominator for earnings per share if (i) the applicable market or performance condition(s) has been met and (ii) the inclusion of the market-based awards and PSUs is dilutive for the respective reporting periods. For both the three and six months ended June 30, 2020, 3.4 million shares underlying market-based awards and PSUs were excluded from the calculation of diluted earnings per share because the market or performance condition(s) had not been met. For both the three and six months ended June 30, 2019 , 2.8 million

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The overall concept that the Company employs in determining its operating segments is to present the financial information in a manner consistent with: how the chief operating decision maker views the businesses; how the businesses are organized as to segment management; and the focus of the businesses with regards to the target market. The following table presents revenue by reportable segment: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands) Revenue: North America $ 357,417 $ 324,400 $ 681,549 $ 606,394 Europe 17,644 19,496 37,162 40,945 Total $ 375,061 $ 343,896 $ 718,711 $ 647,339 The following table presents the revenue of the Company's segments disaggregated by type of service: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands) North America Marketplace: Consumer connection revenue (a) $ 272,649 $ 241,236 $ 512,479 $ 442,818 Service professional membership subscription revenue 13,017 16,302 26,794 32,702 Other revenue 7,507 3,753 12,676 6,271 Total Marketplace revenue 293,173 261,291 551,949 481,791 Advertising and other revenue (b) 64,244 63,109 129,600 124,603 Total North America revenue 357,417 324,400 681,549 606,394 Europe Consumer connection revenue (c) 13,945 15,232 29,634 32,355 Service professional membership subscription revenue 3,215 3,613 6,514 7,355 Advertising and other revenue 484 651 1,014 1,235 Total Europe revenue 17,644 19,496 37,162 40,945 Total revenue $ 375,061 $ 343,896 $ 718,711 $ 647,339 ________________________ (a) Includes fees paid by service professionals for consumer matches and revenue from pre-priced jobs sourced through the HomeAdvisor and Handy platforms. (b) Includes Angie's List revenue from service professionals under contract for advertising and Angie's List membership subscription fees from consumers, as well as revenue from mHelpDesk and HomeStars. (c) Includes fees paid by service professionals for consumer matches. Revenue by geography is based on where the customer is located. Geographic information about revenue and long-lived assets is presented below. Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands) Revenue: United States $ 354,000 $ 320,701 $ 673,821 $ 599,179 All other countries 21,061 23,195 44,890 48,160 Total $ 375,061 $ 343,896 $ 718,711 $ 647,339 June 30, 2020 December 31, 2019 (In thousands) Long-lived assets (excluding goodwill, intangible assets and ROU assets): United States $ 95,173 $ 95,822 All other countries 9,088 7,539 Total $ 104,261 $ 103,361 The following tables present operating income (loss) and Adjusted EBITDA by reportable segment: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands) Operating income (loss): North America $ 16,190 $ 12,473 $ 8,082 $ 13,215 Europe 1,454 (1,070 ) (6,734 ) (5,453 ) Total $ 17,644 $ 11,403 $ 1,348 $ 7,762 Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands) Adjusted EBITDA (d) : North America $ 55,041 $ 51,606 $ 96,432 $ 91,295 Europe $ 2,895 $ (174 ) $ (4,099 ) $ (2,684 ) ________________________ (d) The Company’s primary financial measure is Adjusted EBITDA, which is defined as operating income excluding: (1) stock-based compensation expense; (2) depreciation; and (3) acquisition-related items consisting of amortization of intangible assets and impairments of goodwill and intangible assets, if applicable. The Company believes this measure is useful for analysts and investors as this measure allows a more meaningful comparison between the Company's performance and that of its competitors. The above items are excluded from the Company's Adjusted EBITDA measure because these items are non-cash in nature. Adjusted EBITDA has certain limitations because it excludes the impact of these expenses. The following tables reconcile operating income (loss) to Adjusted EBITDA for the Company’s reportable segments: Three Months Ended June 30, 2020 Operating Stock-based Depreciation Amortization Adjusted (In thousands) North America $ 16,190 $ 14,495 $ 11,467 $ 12,889 $ 55,041 Europe 1,454 $ 264 $ 1,088 $ 89 $ 2,895 Operating income 17,644 Interest expense (1,620 ) Other income, net 212 Earnings before income taxes 16,236 Income tax provision (3,025 ) Net earnings 13,211 Net earnings attributable to noncontrolling interests (544 ) Net earnings attributable to ANGI Homeservices Inc. shareholders $ 12,667 Three Months Ended June 30, 2019 Operating Stock-based Depreciation Amortization Adjusted (In thousands) North America $ 12,473 $ 17,387 $ 8,227 $ 13,519 $ 51,606 Europe (1,070 ) $ 133 $ 569 $ 194 $ (174 ) Operating income 11,403 Interest expense (2,963 ) Other income, net 1,047 Earnings before income taxes 9,487 Income tax provision (2,253 ) Net earnings 7,234 Net earnings attributable to noncontrolling interests (266 ) Net earnings attributable to ANGI Homeservices Inc. shareholders $ 6,968 Six Months Ended June 30, 2020 Operating Stock-based Depreciation Amortization Adjusted (In thousands) North America $ 8,082 $ 39,807 $ 22,764 $ 25,779 $ 96,432 Europe (6,734 ) $ 527 $ 1,929 $ 179 $ (4,099 ) Operating income 1,348 Interest expense (3,894 ) Other income, net 633 Loss before income taxes (1,913 ) Income tax benefit 5,940 Net earnings 4,027 Net earnings attributable to noncontrolling interests (318 ) Net earnings attributable to ANGI Homeservices Inc. shareholders $ 3,709 Six Months Ended June 30, 2019 Operating Stock-based Depreciation Amortization Adjusted (In thousands) North America $ 13,215 $ 36,459 $ 14,434 $ 27,187 $ 91,295 Europe (5,453 ) $ 343 $ 1,361 $ 1,065 $ (2,684 ) Operating income 7,762 Interest expense (5,957 ) Other income, net 3,318 Earnings before income taxes 5,123 Income tax benefit 11,962 Net earnings 17,085 Net earnings attributable to noncontrolling interests (148 ) Net earnings attributable to ANGI Homeservices Inc. shareholders $ 16,937

CONSOLIDATED FINANCIAL STATEMEN

CONSOLIDATED FINANCIAL STATEMENT DETAILS	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
CONSOLIDATED FINANCIAL STATEMENT DETAILS	CONSOLIDATED FINANCIAL STATEMENT DETAILS Cash and Cash Equivalents and Restricted Cash The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the consolidated balance sheet to the total amounts shown in the consolidated statement of cash flows: June 30, 2020 December 31, 2019 June 30, 2019 December 31, 2018 (In thousands) Cash and cash equivalents $ 420,985 $ 390,565 $ 380,563 $ 336,984 Restricted cash included in other current assets 379 504 1,419 1,417 Restricted cash included in other non-current assets 412 409 420 420 Total cash and cash equivalents, and restricted cash as shown on the consolidated statement of cash flows $ 421,776 $ 391,478 $ 382,402 $ 338,821 Restricted cash at June 30, 2020 and December 31, 2019 primarily consists of a deposit related to corporate credit cards. Restricted cash at June 30, 2019 and December 31, 2018 primarily consists of a cash collateralized letter of credit and a deposit related to corporate credit cards. Accumulated Amortization and Depreciation The following table provides the accumulated amortization and depreciation within the consolidated balance sheet: Asset Category June 30, 2020 December 31, 2019 (In thousands) Right-of-use assets (included in "other non-current assets") $ 30,216 $ 19,416 Capitalized software, leasehold improvements and equipment $ 83,970 $ 68,227 Intangible assets $ 166,838 $ 141,208 Other income, net Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands) Other income, net $ 212 $ 1,047 $633 $3,318 For the three months ended June 30, 2020 compared to the three months ended June 30, 2019 Other income, net in 2020 principally includes interest income of $0.2 million . Other income, net in 2019 principally includes interest income of $2.2 million , partially offset by a $1.1 million mark-to-market charge for an indemnification claim related to the Handy acquisition that was settled in ANGI shares during the first quarter of 2020. For the six months ended June 30, 2020 compared to the six months ended June 30, 2019 Other income, net in 2020 principally includes interest income of $1.4 million , partially offset by net foreign currency exchange losses of $0.3 million and a $0.2 million mark-to-market charge for an indemnification claim related to the Handy acquisition that was settled in ANGI shares during the first quarter of 2020. Other income, net in 2019 principally includes interest income of $4.3 million and net foreign currency exchange gains of $0.3 million , partially offset by a $1.1 million mark-to-market charge for an indemnification claim related to the Handy acquisition that was settled in ANGI shares during the first quarter of 2020.

CONTINGENCIES

CONTINGENCIES	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES In the ordinary course of business, the Company is a party to various lawsuits. The Company establishes reserves for specific legal matters when it determines that the likelihood of an unfavorable outcome is probable and the loss is reasonably estimable. Management has also identified certain other legal matters where the Company believes an unfavorable outcome is not probable and, therefore, no reserve is established. Although management currently believes that resolving claims against the Company, including claims where an unfavorable outcome is reasonably possible, will not have a material impact on the liquidity, results of operations, or financial condition of the Company, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future. The Company also evaluates other contingent matters, including income and non-income tax contingencies, to assess the likelihood of an unfavorable outcome and estimated extent of potential loss. It is possible that an unfavorable outcome of one or more of these lawsuits or other contingencies could have a material impact on the liquidity, results of operations, or financial condition of the Company. See " Note 2—Income Taxes " for additional information related to income tax contingencies.

RELATED PARTY TRANSACTIONS WITH

RELATED PARTY TRANSACTIONS WITH IAC	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS WITH IAC	RELATED PARTY TRANSACTIONS WITH IAC The Company and IAC entered into certain agreements to govern our relationship with IAC following the combination of IAC's HomeAdvisor business and Angie's List, Inc. on September 29, 2017 (the "Combination"). These agreements include: a contribution agreement; an investor rights agreement; a services agreement; a tax sharing agreement; and an employee matters agreement. For the three and six months ended June 30, 2020 and 2019 , the Company was charged $1.2 million and $2.4 million ; and $1.3 million and $2.7 million , respectively, by IAC for services rendered pursuant to the services agreement. There were no outstanding receivables or payables pursuant to the services agreement as of June 30, 2020 or December 31, 2019 . Separately, the Company subleases office space to IAC and charged IAC $0.4 million and $0.9 million of rent for the three and six months ended June 30, 2020 , respectively, and $0.5 million of rent for both the three and six months ended June 30, 2019 . These amounts were paid in full by IAC at June 30, 2020 and 2019 , respectively. At June 30, 2020 and December 31, 2019 , the Company had outstanding payables of $0.7 million and $0.2 million , respectively, due to IAC pursuant to the tax sharing agreement, which are included in "Accrued expenses and other current liabilities" in the accompanying consolidated balance sheet. There were $3.1 million of refunds received from IAC pursuant to this agreement during the three and six months ended June 30, 2020 . During the first quarter of 2019, $11.4 million was paid to IAC pursuant to this agreement. For the six months ended June 30, 2020 , 0.2 million shares of ANGI Homeservices Class B common stock were issued to IAC pursuant to the employee matters agreement as reimbursement for shares of IAC common stock issued in connection with the exercise and vesting of IAC equity awards held by ANGI Homeservices employees. There were no shares issued to IAC pursuant to the employee matters agreement for the three months ended June 30, 2020 . For the three and six months ended June 30, 2019 , less than 0.1 million and 0.3 million shares, respectively, of ANGI Homeservices Class B common stock were issued to IAC pursuant to the employee matters agreement.

THE COMPANY AND SUMMARY OF SI_2

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	Nature of Operations ANGI Homeservices Inc. connects quality home service professionals across 500 different categories, from repairing and remodeling to cleaning and landscaping, with consumers. Over 230,000 domestic service professionals actively seek consumer matches, complete jobs or advertise work through ANGI Homeservices' platforms and consumers turn to at least one of our brands to find a professional for more than 25 million projects each year. We’ve established category-transforming products with brands such as HomeAdvisor, Angie’s List, Handy and Fixd Repair. The Company has two operating segments (i) North America (United States and Canada), which includes HomeAdvisor, Angie's List, Handy, mHelpDesk, HomeStars and Fixd Repair and (ii) Europe, which includes Travaux, MyHammer, MyBuilder, Werkspot and Instapro. As used herein, "ANGI Homeservices," the "Company," "ANGI," "we," "our" or "us" and similar terms refer to ANGI Homeservices Inc. and its subsidiaries (unless the context requires otherwise). At June 30, 2020 , IAC/InterActiveCorp ("IAC") owned 85.1% and 98.3% of the economic interest and voting interest, respectively, of ANGI Homeservices.
Basis of Presentation	Basis of Presentation and Consolidation The Company prepares its consolidated financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”). The consolidated financial statements include the accounts of the Company, all entities that are wholly-owned by the Company and all entities in which the Company has a controlling financial interest. Intercompany transactions and accounts have been eliminated.
Basis of Consolidation	Basis of Presentation and Consolidation The Company prepares its consolidated financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”). The consolidated financial statements include the accounts of the Company, all entities that are wholly-owned by the Company and all entities in which the Company has a controlling financial interest. Intercompany transactions and accounts have been eliminated.
Accounting Estimates	Accounting Estimates Management of the Company is required to make certain estimates, judgments and assumptions during the preparation of its consolidated financial statements in accordance with GAAP. These estimates, judgments and assumptions impact the reported amounts of assets, liabilities, revenue and expenses and the related disclosure of contingent assets and liabilities. Actual results could differ from these estimates. On an ongoing basis, the Company evaluates its estimates and judgments, including those related to: the fair values of cash equivalents; the carrying value of accounts receivable, including the determination of the allowance for credit losses; the determination of revenue reserves; the carrying value of right-of-use assets ("ROU assets"); the useful lives and recoverability of definite-lived intangible assets and capitalized software, leasehold improvements and equipment; the recoverability of goodwill and indefinite-lived intangible assets; unrecognized tax benefits; the valuation allowance for deferred income tax assets; and the fair value of and forfeiture rates for stock-based awards, among others. The Company bases its estimates and judgments on historical experience, its forecasts and budgets and other factors that the Company considers relevant.
General Revenue Recognition	General Revenue Recognition Revenue is recognized when control of the promised services or goods is transferred to the Company's customers and in the amount that reflects the consideration the Company expects to be entitled to in exchange for those services or goods. The Company's disaggregated revenue disclosures are presented in " Note 7—Segment Information ." Prior to January 1, 2020, Handy recorded revenue on a net basis. Effective January 1, 2020, the Company modified the Handy terms and conditions so that Handy, rather than the service professional, has the contractual relationship with the consumer to deliver the service and Handy, rather than the consumer, has the contractual relationship with the service professional. Consumers request services and pay for such services directly through the Handy platform and then Handy fulfills the request with independently established home services providers engaged in a trade, occupation and/or business that customarily provides such services. This change in contractual terms requires gross revenue accounting treatment effective January 1, 2020. Also, in the case of certain tasks, HomeAdvisor provides a pre-priced product offering, pursuant to which consumers can request services through a HomeAdvisor platform and pay HomeAdvisor for the services directly. HomeAdvisor then fulfills the request with independently established home services providers engaged in a trade, occupation and/or business that customarily provides such services. Revenue from HomeAdvisor’s pre-priced product offering is also recorded on a gross basis effective January 1, 2020. In addition to changing the presentation of revenue to gross from net, the timing of revenue recognition changed for HomeAdvisor pre-priced jobs and will be later than consumer connection revenue because the Company will not be able to record revenue, generally, until the service professional completes the job on the Company's behalf. The change to gross revenue reporting for Handy and HomeAdvisor’s pre-priced product offering, effective January 1, 2020, resulted in an increase in revenue of $15.3 million and $30.5 million during the three and six months ended June 30, 2020 , respectively. Deferred Revenue Deferred revenue consists of payments that are received or are contractually due in advance of the Company's performance. The Company’s deferred revenue is reported on a contract by contract basis at the end of each reporting period. The Company classifies deferred revenue as current when the term of the applicable subscription period or expected completion of the Company's performance obligation is one year or less. The current and non-current deferred revenue balances at December 31, 2019 were $58.2 million and $0.2 million , respectively. During the six months ended June 30, 2020 , the Company recognized $49.5 million of revenue that was included in the deferred revenue balance as of December 31, 2019 . During the six months ended June 30, 2019 , the Company recognized $50.5 million of revenue that was included in the deferred revenue balance as of December 31, 2018 . The current and non-current deferred revenue balances at June 30, 2020 are $58.1 million and $0.1 million , respectively. Non-current deferred revenue is included in “Other long-term liabilities” in the accompanying consolidated balance sheet. Practical Expedients and Exemptions As permitted under the practical expedient available under Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers, the Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less, (ii) contracts with variable consideration that is allocated entirely to unsatisfied performance obligations or to a wholly unsatisfied promise accounted for under the series guidance, and (iii) contracts for which the Company recognizes revenue at the amount which the Company has the right to invoice for services performed.
Adoption of New Accounting Pronouncements	Adoption of New Accounting Pronouncements Adoption of ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments The Company adopted ASU No. 2016-13 effective January 1, 2020. ASU No. 2016-13 replaces the “incurred loss” approach with an “expected loss” model, under which companies will recognize allowances based on expected rather than incurred losses. The Company adopted ASU No. 2016-13 using the modified retrospective approach and there was no cumulative effect arising from the adoption. The adoption of ASU No. 2016-13 did not have a material impact on the Company's consolidated financial statements. Adoption of ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes The Company adopted ASU No. 2019-12 effective January 1, 2020, which simplifies the accounting for income taxes, eliminates certain exceptions within ASC 740, Income Taxes , and clarifies certain aspects of the current guidance to promote consistency among reporting entities. Most amendments within ASU No. 2019-12 are required to be applied on a prospective basis, while certain amendments must be applied on a retrospective or modified retrospective basis. The Company adopted ASU No. 2019-12 on January 1, 2020 using the modified retrospective basis for those amendments that are not applied on a prospective basis. The adoption of ASU No. 2019-12 did not have a material impact on the Company’s consolidated financial statements.
Reclassifications	Reclassifications Certain prior year amounts have been reclassified to conform to the current year presentation.

THE COMPANY AND SUMMARY OF SI_3

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Allowance for Doubtful Accounts	The following table presents the changes in the allowance for credit losses for the six months ended June 30, 2020 : June 30, 2020 (In thousands) Balance at January 1 $ 19,066 Current period provision for credit losses 39,338 Write-offs charged against the allowance (33,700 ) Recoveries collected 1,283 Balance at June 30 $ 25,987

FINANCIAL INSTRUMENTS AND FAI_2

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following tables present the Company’s financial instruments that are measured at fair value on a recurring basis: June 30, 2020 Quoted Market Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs Total (In thousands) Assets: Cash equivalents: Money market funds $ 156,063 $ — $ — $ 156,063 Treasury discount notes — 174,987 — 174,987 Time deposits — 2,936 — 2,936 Total $ 156,063 $ 177,923 $ — $ 333,986 December 31, 2019 Quoted Market Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs Total (In thousands) Assets: Cash equivalents: Money market funds $ 291,810 $ — $ — $ 291,810 Time deposits — 23,040 — 23,040 Total $ 291,810 $ 23,040 $ — $ 314,850
Schedule of Carrying Value and Fair Value of Financial Instruments	The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes: June 30, 2020 December 31, 2019 Carrying value Fair value Carrying value Fair value (In thousands) Current portion of long-term debt $ (13,750 ) $ (13,750 ) $ (13,750 ) $ (13,681 ) Long-term debt, net (a) $ (225,336 ) $ (226,875 ) $ (231,946 ) $ (232,581 ) _________________ (a) At June 30, 2020 and December 31, 2019 , the carrying value of long-term debt, net includes unamortized debt issuance costs of $1.5 million and $1.8 million , respectively .

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt consists of: June 30, 2020 December 31, 2019 (In thousands) Term Loan due November 5, 2023 $ 240,625 $ 247,500 Less: current portion of Term Loan 13,750 13,750 Less: unamortized debt issuance costs 1,539 1,804 Total long-term debt, net $ 225,336 $ 231,946

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Schedule of Accumulated Other Comprehensive (Loss) Income	The following tables present the components of accumulated other comprehensive loss: Three Months Ended June 30, 2020 Foreign Accumulated (In thousands) Balance at April 1 $ (7,993 ) $ (7,993 ) Other comprehensive income 5,253 5,253 Balance at June 30 $ (2,740 ) $ (2,740 ) Three Months Ended June 30, 2019 Foreign Accumulated (In thousands) Balance at April 1 $ (191 ) $ (191 ) Other comprehensive loss (1,291 ) (1,291 ) Balance at June 30 $ (1,482 ) $ (1,482 ) Six Months Ended June 30, 2020 Foreign Accumulated (In thousands) Balance at January 1 $ (1,379 ) $ (1,379 ) Other comprehensive loss (1,361 ) (1,361 ) Balance at June 30 $ (2,740 ) $ (2,740 ) Six Months Ended June 30, 2019 Foreign Unrealized Gains (Losses) On Available-For-Sale Debt Securities Accumulated (In thousands) Balance at January 1 $ (1,864 ) $ 3 $ (1,861 ) Other comprehensive income (loss) 382 (3 ) 379 Balance at June 30 $ (1,482 ) $ — $ (1,482 )

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Earnings per Share	The following table sets forth the computation of basic and diluted earnings per share attributable to ANGI Homeservices shareholders: Three Months Ended June 30, 2020 2019 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: Net earnings $ 13,211 $ 13,211 $ 7,234 $ 7,234 Net earnings attributable to noncontrolling interests (544 ) (544 ) (266 ) (266 ) Net earnings attributable to ANGI Homeservices Inc. shareholders $ 12,667 $ 12,667 $ 6,968 $ 6,968 Denominator: Weighted average basic shares outstanding 495,769 495,769 506,725 506,725 Dilutive securities (a) (b) — 14,765 — 13,904 Denominator for earnings per share—weighted average shares 495,769 510,534 506,725 520,629 Earnings per share attributable to ANGI Homeservices Inc. shareholders: Earnings per share $ 0.03 $ 0.02 $ 0.01 $ 0.01 Six Months Ended June 30, 2020 2019 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: Net earnings $ 4,027 $ 4,027 $ 17,085 $ 17,085 Net earnings attributable to noncontrolling interests (318 ) (318 ) (148 ) (148 ) Net earnings attributable to ANGI Homeservices Inc. shareholders $ 3,709 $ 3,709 $ 16,937 $ 16,937 Denominator: Weighted average basic shares outstanding 497,611 497,611 505,548 505,548 Dilutive securities (a) (b) — 11,136 — 16,313 Denominator for earnings per share—weighted average shares 497,611 508,747 505,548 521,861 Earnings per share attributable to ANGI Homeservices Inc. shareholders: Earnings per share $ 0.01 $ 0.01 $ 0.03 $ 0.03 ________________________ (a) If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock options, subsidiary denominated equity, and vesting of restricted stock units ("RSUs"). For the three and six months ended June 30, 2020 , 4.9 million and 5.4 million potentially dilutive securities, respectively, are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. For both the three and six months ended June 30, 2019, 4.2 million potentially dilutive securities are excluded from the calculation of diluted securities per share because their inclusion would have been anti-dilutive. (b) Market-based awards and performance-based stock units ("PSUs") are considered contingently issuable shares. Shares issuable upon exercise or vesting of market-based awards and PSUs are included in the denominator for earnings per share if (i) the applicable market or performance condition(s) has been met and (ii) the inclusion of the market-based awards and PSUs is dilutive for the respective reporting periods. For both the three and six months ended June 30, 2020, 3.4 million shares underlying market-based awards and PSUs were excluded from the calculation of diluted earnings per share because the market or performance condition(s) had not been met. For both the three and six months ended June 30, 2019 , 2.8 million

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Schedule of Segmented Revenue Disaggregated by Service	The following table presents revenue by reportable segment: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands) Revenue: North America $ 357,417 $ 324,400 $ 681,549 $ 606,394 Europe 17,644 19,496 37,162 40,945 Total $ 375,061 $ 343,896 $ 718,711 $ 647,339 The following table presents the revenue of the Company's segments disaggregated by type of service: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands) North America Marketplace: Consumer connection revenue (a) $ 272,649 $ 241,236 $ 512,479 $ 442,818 Service professional membership subscription revenue 13,017 16,302 26,794 32,702 Other revenue 7,507 3,753 12,676 6,271 Total Marketplace revenue 293,173 261,291 551,949 481,791 Advertising and other revenue (b) 64,244 63,109 129,600 124,603 Total North America revenue 357,417 324,400 681,549 606,394 Europe Consumer connection revenue (c) 13,945 15,232 29,634 32,355 Service professional membership subscription revenue 3,215 3,613 6,514 7,355 Advertising and other revenue 484 651 1,014 1,235 Total Europe revenue 17,644 19,496 37,162 40,945 Total revenue $ 375,061 $ 343,896 $ 718,711 $ 647,339 ________________________ (a) Includes fees paid by service professionals for consumer matches and revenue from pre-priced jobs sourced through the HomeAdvisor and Handy platforms. (b) Includes Angie's List revenue from service professionals under contract for advertising and Angie's List membership subscription fees from consumers, as well as revenue from mHelpDesk and HomeStars. (c) Includes fees paid by service professionals for consumer matches.
Schedule of Revenue from External Customers by Geographic Areas	Revenue by geography is based on where the customer is located. Geographic information about revenue and long-lived assets is presented below. Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands) Revenue: United States $ 354,000 $ 320,701 $ 673,821 $ 599,179 All other countries 21,061 23,195 44,890 48,160 Total $ 375,061 $ 343,896 $ 718,711 $ 647,339
Schedule of Revenue and Long-lived Assets by Geographic Areas	June 30, 2020 December 31, 2019 (In thousands) Long-lived assets (excluding goodwill, intangible assets and ROU assets): United States $ 95,173 $ 95,822 All other countries 9,088 7,539 Total $ 104,261 $ 103,361
Schedule of Segment Reporting Information	The following tables present operating income (loss) and Adjusted EBITDA by reportable segment: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands) Operating income (loss): North America $ 16,190 $ 12,473 $ 8,082 $ 13,215 Europe 1,454 (1,070 ) (6,734 ) (5,453 ) Total $ 17,644 $ 11,403 $ 1,348 $ 7,762 Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands) Adjusted EBITDA (d) : North America $ 55,041 $ 51,606 $ 96,432 $ 91,295 Europe $ 2,895 $ (174 ) $ (4,099 ) $ (2,684 ) ________________________ (d) The Company’s primary financial measure is Adjusted EBITDA, which is defined as operating income excluding: (1) stock-based compensation expense; (2) depreciation; and (3) acquisition-related items consisting of amortization of intangible assets and impairments of goodwill and intangible assets, if applicable. The Company believes this measure is useful for analysts and investors as this measure allows a more meaningful comparison between the Company's performance and that of its competitors. The above items are excluded from the Company's Adjusted EBITDA measure because these items are non-cash in nature. Adjusted EBITDA has certain limitations because it excludes the impact of these expenses.
Schedule of Reconciliation of Operating Income to Adjusted EBITDA	The following tables reconcile operating income (loss) to Adjusted EBITDA for the Company’s reportable segments: Three Months Ended June 30, 2020 Operating Stock-based Depreciation Amortization Adjusted (In thousands) North America $ 16,190 $ 14,495 $ 11,467 $ 12,889 $ 55,041 Europe 1,454 $ 264 $ 1,088 $ 89 $ 2,895 Operating income 17,644 Interest expense (1,620 ) Other income, net 212 Earnings before income taxes 16,236 Income tax provision (3,025 ) Net earnings 13,211 Net earnings attributable to noncontrolling interests (544 ) Net earnings attributable to ANGI Homeservices Inc. shareholders $ 12,667 Three Months Ended June 30, 2019 Operating Stock-based Depreciation Amortization Adjusted (In thousands) North America $ 12,473 $ 17,387 $ 8,227 $ 13,519 $ 51,606 Europe (1,070 ) $ 133 $ 569 $ 194 $ (174 ) Operating income 11,403 Interest expense (2,963 ) Other income, net 1,047 Earnings before income taxes 9,487 Income tax provision (2,253 ) Net earnings 7,234 Net earnings attributable to noncontrolling interests (266 ) Net earnings attributable to ANGI Homeservices Inc. shareholders $ 6,968 Six Months Ended June 30, 2020 Operating Stock-based Depreciation Amortization Adjusted (In thousands) North America $ 8,082 $ 39,807 $ 22,764 $ 25,779 $ 96,432 Europe (6,734 ) $ 527 $ 1,929 $ 179 $ (4,099 ) Operating income 1,348 Interest expense (3,894 ) Other income, net 633 Loss before income taxes (1,913 ) Income tax benefit 5,940 Net earnings 4,027 Net earnings attributable to noncontrolling interests (318 ) Net earnings attributable to ANGI Homeservices Inc. shareholders $ 3,709 Six Months Ended June 30, 2019 Operating Stock-based Depreciation Amortization Adjusted (In thousands) North America $ 13,215 $ 36,459 $ 14,434 $ 27,187 $ 91,295 Europe (5,453 ) $ 343 $ 1,361 $ 1,065 $ (2,684 ) Operating income 7,762 Interest expense (5,957 ) Other income, net 3,318 Earnings before income taxes 5,123 Income tax benefit 11,962 Net earnings 17,085 Net earnings attributable to noncontrolling interests (148 ) Net earnings attributable to ANGI Homeservices Inc. shareholders $ 16,937

CONSOLIDATED FINANCIAL STATEM_2

CONSOLIDATED FINANCIAL STATEMENT DETAILS (Tables)	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Cash and Cash Equivalents	The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the consolidated balance sheet to the total amounts shown in the consolidated statement of cash flows: June 30, 2020 December 31, 2019 June 30, 2019 December 31, 2018 (In thousands) Cash and cash equivalents $ 420,985 $ 390,565 $ 380,563 $ 336,984 Restricted cash included in other current assets 379 504 1,419 1,417 Restricted cash included in other non-current assets 412 409 420 420 Total cash and cash equivalents, and restricted cash as shown on the consolidated statement of cash flows $ 421,776 $ 391,478 $ 382,402 $ 338,821
Schedule of Restricted Cash	The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the consolidated balance sheet to the total amounts shown in the consolidated statement of cash flows: June 30, 2020 December 31, 2019 June 30, 2019 December 31, 2018 (In thousands) Cash and cash equivalents $ 420,985 $ 390,565 $ 380,563 $ 336,984 Restricted cash included in other current assets 379 504 1,419 1,417 Restricted cash included in other non-current assets 412 409 420 420 Total cash and cash equivalents, and restricted cash as shown on the consolidated statement of cash flows $ 421,776 $ 391,478 $ 382,402 $ 338,821
Schedule of Accumulated Amortization and Depreciation	The following table provides the accumulated amortization and depreciation within the consolidated balance sheet: Asset Category June 30, 2020 December 31, 2019 (In thousands) Right-of-use assets (included in "other non-current assets") $ 30,216 $ 19,416 Capitalized software, leasehold improvements and equipment $ 83,970 $ 68,227 Intangible assets $ 166,838 $ 141,208
Schedule of Other Income, Net	Other income, net Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands) Other income, net $ 212 $ 1,047 $633 $3,318

THE COMPANY AND SUMMARY OF SI_4

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) service_professional in Thousands, project in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)projectservice_professional	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)operating_segmentprojectservice_professionalservice_category	Jun. 30, 2019USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Noncontrolling Interest [Line Items]
Number of service categories | service_category			500
Number of service professionals (over) | service_professional	230		230
Number of projects (more than) | project	25		25
Number of operating segments | operating_segment			2
Revenue from contracts with customers	$ 375,061,000	$ 343,896,000	$ 718,711,000	$ 647,339,000
Current deferred revenue	58,091,000		58,091,000			$ 58,220,000
Noncurrent deferred revenue	100,000		100,000			200,000
Deferred revenue recognized during period			49,500,000	50,500,000
Capitalized sales commissions where the customer relationship period is greater than one year	47,400,000		47,400,000			39,100,000
Current capitalized sales commissions	44,300,000		44,300,000			35,100,000
Non-current capitalized sales commissions	3,100,000		3,100,000			4,000,000
Revenue reserve	2,000,000		2,000,000			1,200,000
Allowance for doubtful accounts and revenue reserve	27,991,000		27,991,000			20,293,000
Stockholders' equity	$ 1,301,926,000	1,344,546,000	$ 1,301,926,000	1,344,546,000	$ 1,291,010,000	1,323,552,000	$ 1,331,901,000	$ 1,321,987,000
Accounting Standards Update			us-gaap:AccountingStandardsUpdate201613Member
Change in Accounting Principle, Accounting Standards Update, Transition Option Elected			us-gaap:AccountingStandardsUpdate201613ModifiedRetrospectiveMember
Cumulative Effect, Period of Adoption, Adjustment
Noncontrolling Interest [Line Items]
Stockholders' equity						$ 0
ANGI Homeservices | Class B Common Stock | IAC
Noncontrolling Interest [Line Items]
Economic interest (as a percent)	85.10%		85.10%
Voting interest (as a percent)	98.30%		98.30%
Difference between Revenue Guidance in Effect before and after Topic 606
Noncontrolling Interest [Line Items]
Revenue from contracts with customers	$ 15,300,000		$ 30,500,000
United States
Noncontrolling Interest [Line Items]
Revenue from contracts with customers	$ 354,000,000	$ 320,701,000	$ 673,821,000	$ 599,179,000
Revenue | Geographic Concentration Risk | United States
Noncontrolling Interest [Line Items]
Concentration risk (as a percent)	94.00%		94.00%

THE COMPANY AND SUMMARY OF SI_5

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Allowance for Credit Losses and Revenue Reserve (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 19,066
Current period provision for credit losses	39,338
Write-offs charged against the allowance	(33,700)
Recoveries collected	1,283
Balance at end of period	$ 25,987

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Income Tax Examination [Line Items]
Income tax provision (benefit)	$ 3,025	$ 2,253	$ (5,940)	$ (11,962)
Effective income tax rate (as a percent)	19.00%		24.00%
Reduction to deferred taxes			$ 5,700
Unrecognized tax benefits, including interest	$ 3,900		3,900		$ 4,100
Unrecognized tax benefits that if subsequently recognized would reduce income tax expense	3,700		3,700		$ 4,000
Decrease in unrecognized tax benefits is reasonably possible	500		500
Federal and State Tax Credits
Income Tax Examination [Line Items]
Gross deferred tax asset	178,200		178,200
Portion of deferred tax assets that will be utilized upon future reversal of deferred tax liabilities	65,000		65,000
Portion of deferred tax assets that will be utilized based on forecasts of future taxable income	$ 113,200		$ 113,200

FINANCIAL INSTRUMENTS AND FAI_3

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets:
Cash equivalents	$ 333,986	$ 314,850
Money market funds
Assets:
Cash equivalents	156,063	291,810
Treasury discount notes
Assets:
Cash equivalents	174,987
Time deposits
Assets:
Cash equivalents	2,936	23,040
Quoted Market Prices in Active Markets for Identical Assets (Level 1)
Assets:
Cash equivalents	156,063	291,810
Quoted Market Prices in Active Markets for Identical Assets (Level 1) | Money market funds
Assets:
Cash equivalents	156,063	291,810
Quoted Market Prices in Active Markets for Identical Assets (Level 1) | Treasury discount notes
Assets:
Cash equivalents	0
Quoted Market Prices in Active Markets for Identical Assets (Level 1) | Time deposits
Assets:
Cash equivalents	0	0
Significant Other Observable Inputs (Level 2)
Assets:
Cash equivalents	177,923	23,040
Significant Other Observable Inputs (Level 2) | Money market funds
Assets:
Cash equivalents	0	0
Significant Other Observable Inputs (Level 2) | Treasury discount notes
Assets:
Cash equivalents	174,987
Significant Other Observable Inputs (Level 2) | Time deposits
Assets:
Cash equivalents	2,936	23,040
Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents	0	0
Significant Unobservable Inputs (Level 3) | Money market funds
Assets:
Cash equivalents	0	0
Significant Unobservable Inputs (Level 3) | Treasury discount notes
Assets:
Cash equivalents	0
Significant Unobservable Inputs (Level 3) | Time deposits
Assets:
Cash equivalents	$ 0	$ 0

FINANCIAL INSTRUMENTS AND FAI_4

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Carrying Value and Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Carrying value
Balance Sheet Grouping, Financial Statement Captions [Line Items]
Current portion of long-term debt	$ (13,750)	$ (13,750)
Long-term debt, net	(225,336)	(231,946)
Unamortized debt issuance costs	1,500	1,800
Fair value
Balance Sheet Grouping, Financial Statement Captions [Line Items]
Current portion of long-term debt	(13,750)	(13,681)
Long-term debt, net	$ (226,875)	$ (232,581)

LONG-TERM DEBT - Summary (Detai

LONG-TERM DEBT - Summary (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Disclosure [Abstract]
Term Loan due November 5, 2023	$ 240,625	$ 247,500
Less: current portion of Term Loan	13,750	13,750
Less: unamortized debt issuance costs	1,539	1,804
Total long-term debt, net	$ 225,336	$ 231,946

LONG-TERM DEBT - Narrative (Det

LONG-TERM DEBT - Narrative (Details)	Nov. 05, 2018USD ($)	Nov. 01, 2017	Jun. 30, 2020USD ($)	Nov. 05, 2023USD ($)	Dec. 31, 2022USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2021USD ($)
Term Loan | Term Loan
Debt Instrument
Outstanding balance			$ 240,600,000			$ 247,500,000
Basis spread on variable rate (as a percent)			1.70%			3.25%
Term of debt instrument		5 years
Term Loan | Term Loan | Forecast
Debt Instrument
Quarterly repayments of principal				$ 10,300,000	$ 6,900,000		$ 3,400,000
Final principal payment				$ 161,600,000
Term Loan | Term Loan | Minimum
Debt Instrument
Interest coverage ratio (not less than)			2
Term Loan | Term Loan | Maximum
Debt Instrument
Net leverage ratio (not more than)			4.5
Leverage ratio limiting ability to pay dividends, make distributions or repurchase stock			4.25
Term Loan | Term Loan | LIBOR
Debt Instrument
Basis spread on variable rate (as a percent)			1.50%			1.50%
Credit Facility | Revolving Credit Facility
Debt Instrument
Term of debt instrument	5 years
Maximum borrowing capacity of credit facility	$ 250,000,000
Outstanding borrowings under credit facility			$ 0			$ 0
Commitment fee rate (as a percent)			0.25%			0.25%

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS - Summary (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accumulated Other Comprehensive Loss
Balance at beginning of period			$ 1,314,288
Other comprehensive income (loss)	$ 4,486	$ (1,674)	(2,082)	$ 188
Balance at end of period	1,292,322		1,292,322
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
Balance at beginning of period	(7,993)	(191)	(1,379)	(1,861)
Other comprehensive income (loss)	5,253	(1,291)	(1,361)	379
Balance at end of period	(2,740)	(1,482)	(2,740)	(1,482)
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Loss
Balance at beginning of period	(7,993)	(191)	(1,379)	(1,864)
Other comprehensive income (loss)	5,253	(1,291)	(1,361)	382
Balance at end of period	$ (2,740)	(1,482)	$ (2,740)	(1,482)
Unrealized Gains (Losses) On Available-For-Sale Debt Securities
Accumulated Other Comprehensive Loss
Balance at beginning of period				3
Other comprehensive income (loss)				(3)
Balance at end of period		$ 0		$ 0

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE LOSS - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income tax provision (benefit)	$ 3,025,000	$ 2,253,000	$ (5,940,000)	$ (11,962,000)
Accumulated other comprehensive (loss) income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income tax provision (benefit)			$ 0	$ 0

EARNINGS PER SHARE - Summary (D

EARNINGS PER SHARE - Summary (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Net earnings	$ 13,211	$ 7,234	$ 4,027	$ 17,085
Net earnings attributable to noncontrolling interests	(544)	(266)	(318)	(148)
Net earnings attributable to ANGI Homeservices Inc. shareholders	$ 12,667	$ 6,968	$ 3,709	$ 16,937
Weighted average basic shares outstanding (shares)	495,769	506,725	497,611	505,548
Dilutive securities (shares)	14,765	13,904	11,136	16,313
Weighted average diluted shares outstanding (shares)	510,534	520,629	508,747	521,861
Earnings per share attributable to ANGI Homeservices Inc. shareholders:
Basic earnings per share (USD per share)	$ 0.03	$ 0.01	$ 0.01	$ 0.03
Diluted earnings per share (USD per share)	$ 0.02	$ 0.01	$ 0.01	$ 0.03
Stock appreciation rights, stock options, subsidiary denominated equity, and restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from calculation of diluted earnings per share (shares)	4,900	4,200	5,400	4,200
PSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from calculation of diluted earnings per share (shares)	3,400	2,800	3,400	2,800

SEGMENT INFORMATION - Segmented

SEGMENT INFORMATION - Segmented Revenue Disaggregated by Service (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Revenue from contracts with customers	$ 375,061	$ 343,896	$ 718,711	$ 647,339
North America
Segment Reporting Information [Line Items]
Revenue from contracts with customers	357,417	324,400	681,549	606,394
North America | Marketplace revenue
Segment Reporting Information [Line Items]
Revenue from contracts with customers	293,173	261,291	551,949	481,791
North America | Consumer connection revenue
Segment Reporting Information [Line Items]
Revenue from contracts with customers	272,649	241,236	512,479	442,818
North America | Service professional membership subscription revenue
Segment Reporting Information [Line Items]
Revenue from contracts with customers	13,017	16,302	26,794	32,702
North America | Other revenue
Segment Reporting Information [Line Items]
Revenue from contracts with customers	7,507	3,753	12,676	6,271
North America | Advertising and other revenue
Segment Reporting Information [Line Items]
Revenue from contracts with customers	64,244	63,109	129,600	124,603
Europe
Segment Reporting Information [Line Items]
Revenue from contracts with customers	17,644	19,496	37,162	40,945
Europe | Advertising and other revenue
Segment Reporting Information [Line Items]
Revenue from contracts with customers	484	651	1,014	1,235
Europe | Consumer connection revenue
Segment Reporting Information [Line Items]
Revenue from contracts with customers	13,945	15,232	29,634	32,355
Europe | Service professional membership subscription revenue
Segment Reporting Information [Line Items]
Revenue from contracts with customers	$ 3,215	$ 3,613	$ 6,514	$ 7,355

SEGMENT INFORMATION - Revenue a

SEGMENT INFORMATION - Revenue and Long-Lived Assets by Geographic Areas (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Revenue and Long-lived Assets by Geography
Revenue:	$ 375,061	$ 343,896	$ 718,711	$ 647,339
Long-lived assets (excluding goodwill, intangible assets and ROU assets):	104,261		104,261		$ 103,361
United States
Revenue and Long-lived Assets by Geography
Revenue:	354,000	320,701	673,821	599,179
Long-lived assets (excluding goodwill, intangible assets and ROU assets):	95,173		95,173		95,822
All other countries
Revenue and Long-lived Assets by Geography
Revenue:	21,061	$ 23,195	44,890	$ 48,160
Long-lived assets (excluding goodwill, intangible assets and ROU assets):	$ 9,088		$ 9,088		$ 7,539

SEGMENT INFORMATION - Segment R

SEGMENT INFORMATION - Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Operating Income (Loss)	$ 17,644	$ 11,403	$ 1,348	$ 7,762
North America
Segment Reporting Information [Line Items]
Operating Income (Loss)	16,190	12,473	8,082	13,215
Adjusted EBITDA	55,041	51,606	96,432	91,295
Europe
Segment Reporting Information [Line Items]
Operating Income (Loss)	1,454	(1,070)	(6,734)	(5,453)
Adjusted EBITDA	$ 2,895	$ (174)	$ (4,099)	$ (2,684)

SEGMENT INFORMATION - Reconcili

SEGMENT INFORMATION - Reconciliation of Adjusted EBITDA to Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	$ 17,644	$ 11,403	$ 1,348	$ 7,762
Stock-based compensation expense	14,759	17,520	40,334	36,802
Depreciation	12,555	8,796	24,693	15,795
Amortization of intangibles	12,978	13,713	25,958	28,252
Interest expense—third party	(1,620)	(2,963)	(3,894)	(5,957)
Other income, net	212	1,047	633	3,318
Earnings (loss) before income taxes	16,236	9,487	(1,913)	5,123
Income tax provision	(3,025)	(2,253)	5,940	11,962
Net earnings	13,211	7,234	4,027	17,085
Net earnings (loss) attributable to noncontrolling interests	(544)	(266)	(318)	(148)
Net earnings attributable to ANGI Homeservices Inc. shareholders	12,667	6,968	3,709	16,937
North America
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	16,190	12,473	8,082	13,215
Stock-based compensation expense	14,495	17,387	39,807	36,459
Depreciation	11,467	8,227	22,764	14,434
Amortization of intangibles	12,889	13,519	25,779	27,187
Adjusted EBITDA	55,041	51,606	96,432	91,295
Europe
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	1,454	(1,070)	(6,734)	(5,453)
Stock-based compensation expense	264	133	527	343
Depreciation	1,088	569	1,929	1,361
Amortization of intangibles	89	194	179	1,065
Adjusted EBITDA	$ 2,895	$ (174)	$ (4,099)	$ (2,684)

CONSOLIDATED FINANCIAL STATEM_3

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 420,985	$ 390,565	$ 380,563	$ 336,984
Restricted cash included in other current assets	379	504	1,419	1,417
Restricted cash included in other non-current assets	412	409	420	420
Total cash and cash equivalents, and restricted cash as shown on the consolidated statement of cash flows	$ 421,776	$ 391,478	$ 382,402	$ 338,821

CONSOLIDATED FINANCIAL STATEM_4

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Accumulated Amortization and Depreciation (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Depreciation, Depletion and Amortization [Abstract]
Right-of-use assets (included in other non-current assets)	$ 30,216	$ 19,416
Capitalized software, leasehold improvements and equipment	83,970	68,227
Intangible assets	$ 166,838	$ 141,208

CONSOLIDATED FINANCIAL STATEM_5

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Other Income, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Other income, net	$ 212	$ 1,047	$ 633	$ 3,318

CONSOLIDATED FINANCIAL STATEM_6

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interest income	$ 0.2	$ 2.2	$ 1.4	$ 4.3
Mark-to-market charge for indemnification claim		$ (1.1)	(0.2)	(1.1)
Net foreign currency exchange gain (loss)			$ (0.3)	$ 0.3

CONTINGENCIES - Narrative (Deta

CONTINGENCIES - Narrative (Details)	Jun. 30, 2020USD ($)lawsuit
Commitments and Contingencies Disclosure [Abstract]
Loss contingency reserve | $	$ 0
Number of lawsuits with possible material impact (one or more) | lawsuit	1

RELATED PARTY TRANSACTIONS WI_2

RELATED PARTY TRANSACTIONS WITH IAC - Narrative (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Related Party Transaction [Line Items]
Refunds received				$ 3,071,000
Distribution to IAC pursuant to the tax sharing agreement					$ 11,355,000
IAC | Services Agreement
Related Party Transaction [Line Items]
Charges for services rendered pursuant to the services agreement	$ 1,200,000	$ 1,300,000		2,400,000	2,700,000
Outstanding receivable due	0			0		$ 0
Outstanding payables due	0			0		0
IAC | Sublease Agreement
Related Party Transaction [Line Items]
Revenue from related parties	400,000	$ 500,000		900,000	$ 500,000
IAC | Tax Sharing Agreement
Related Party Transaction [Line Items]
Outstanding payables due	700,000			700,000		$ 200,000
Refunds received	$ 3,100,000			$ 3,100,000
Distribution to IAC pursuant to the tax sharing agreement			$ 11,400,000
IAC | Employee Matters Agreement
Related Party Transaction [Line Items]
Shares received from related party pursuant to employee matters agreement (shares)	0	100,000		200,000	300,000