2020 Q2 Form 10-Q Financial Statement

#000143462120000030 Filed on August 04, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $184.3M $278.4M
YoY Change -33.8% 51.23%
Cost Of Revenue $13.46M $16.31M
YoY Change -17.45% 169.9%
Gross Profit $88.33M $104.1M
YoY Change -15.17% -41.52%
Gross Profit Margin 47.92% 37.4%
Selling, General & Admin $142.4M $219.6M
YoY Change -35.14% 47.66%
% of Gross Profit 161.22% 210.87%
Research & Development $10.81M $10.18M
YoY Change 6.26% 70.52%
% of Gross Profit 12.24% 9.77%
Depreciation & Amortization $3.550M $2.559M
YoY Change 38.73% 56.71%
% of Gross Profit 4.02% 2.46%
Operating Expenses $153.2M $229.8M
YoY Change -33.31% 48.54%
Operating Profit -$7.548M $12.32M
YoY Change -161.29% -32.04%
Interest Expense $4.955M $5.095M
YoY Change -2.75% -275.69%
% of Operating Profit 41.37%
Other Income/Expense, Net $7.000K $71.00K
YoY Change -90.14% -200.0%
Pretax Income -$12.50M $7.292M
YoY Change -271.37% -51.8%
Income Tax -$3.880M -$5.689M
% Of Pretax Income -78.02%
Net Earnings -$29.80M $12.20M
YoY Change -344.26% -71.29%
Net Earnings / Revenue -16.17% 4.38%
Basic Earnings Per Share -$2.29 $0.95
Diluted Earnings Per Share -$2.29 $0.82
COMMON SHARES
Basic Shares Outstanding 12.98M shares 12.81M shares
Diluted Shares Outstanding 12.98M shares 14.91M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $101.8M $51.30M
YoY Change 98.44% -82.51%
Cash & Equivalents $101.8M $51.33M
Short-Term Investments
Other Short-Term Assets $25.90M $14.70M
YoY Change 76.19% 4.26%
Inventory
Prepaid Expenses
Receivables $77.04M $139.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $204.6M $205.8M
YoY Change -0.58% -46.88%
LONG-TERM ASSETS
Property, Plant & Equipment $34.74M $28.87M
YoY Change 20.3% -23.77%
Goodwill $420.1M $420.0M
YoY Change 0.04% 236.25%
Intangibles $154.1M $209.6M
YoY Change -26.49% 156.68%
Long-Term Investments $80.00M
YoY Change
Other Assets $5.192M $20.03M
YoY Change -74.08% 1017.29%
Total Long-Term Assets $882.9M $774.8M
YoY Change 13.96% 140.75%
TOTAL ASSETS
Total Short-Term Assets $204.6M $205.8M
Total Long-Term Assets $882.9M $774.8M
Total Assets $1.088B $980.6M
YoY Change 10.91% 38.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.800M $17.40M
YoY Change -49.43% 56.76%
Accrued Expenses $88.57M $130.3M
YoY Change -32.04% 84.28%
Deferred Revenue $900.0K $800.0K
YoY Change 12.5% 700.0%
Short-Term Debt $130.0M $115.0M
YoY Change 13.04%
Long-Term Debt Due $130.0M $115.0M
YoY Change 13.04%
Total Short-Term Liabilities $309.4M $308.1M
YoY Change 0.41% 185.69%
LONG-TERM LIABILITIES
Long-Term Debt $271.4M $257.6M
YoY Change 5.36% 5.36%
Other Long-Term Liabilities $4.689M $19.62M
YoY Change -76.1% 1114.86%
Total Long-Term Liabilities $276.1M $277.2M
YoY Change -0.41% 12.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $309.4M $308.1M
Total Long-Term Liabilities $276.1M $277.2M
Total Liabilities $681.6M $606.7M
YoY Change 12.34% 67.64%
SHAREHOLDERS EQUITY
Retained Earnings -$608.0M -$598.8M
YoY Change 1.54% -5.39%
Common Stock $1.197B $1.154B
YoY Change 3.71% 3.92%
Preferred Stock
YoY Change
Treasury Stock (at cost) $183.2M $181.7M
YoY Change 0.82% 38.58%
Treasury Stock Shares 2.641M shares 2.636M shares
Shareholders Equity $406.0M $373.9M
YoY Change
Total Liabilities & Shareholders Equity $1.088B $980.6M
YoY Change 10.91% 38.24%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income -$29.80M $12.20M
YoY Change -344.26% -71.29%
Depreciation, Depletion And Amortization $3.550M $2.559M
YoY Change 38.73% 56.71%
Cash From Operating Activities $56.70M $41.30M
YoY Change 37.29% -1132.5%
INVESTING ACTIVITIES
Capital Expenditures -$4.900M -$4.800M
YoY Change 2.08% 50.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $24.30M
YoY Change -100.0% -307.69%
Cash From Investing Activities -$4.900M $19.60M
YoY Change -125.0% -231.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.300M -74.10M
YoY Change -98.25% 93.47%
NET CHANGE
Cash From Operating Activities 56.70M 41.30M
Cash From Investing Activities -4.900M 19.60M
Cash From Financing Activities -1.300M -74.10M
Net Change In Cash 50.50M -13.20M
YoY Change -482.58% -76.92%
FREE CASH FLOW
Cash From Operating Activities $56.70M $41.30M
Capital Expenditures -$4.900M -$4.800M
Free Cash Flow $61.60M $46.10M
YoY Change 33.62% -5862.5%

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CY2020Q1 us-gaap Stockholders Equity
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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us-gaap Depreciation Depletion And Amortization
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us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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970000 USD
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184000 USD
us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Repayments Of Long Term Debt And Capital Securities
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Capital Lease Obligations Incurred
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us-gaap Capital Lease Obligations Incurred
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us-gaap Use Of Estimates
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<div style="line-height:120%;padding-top:16px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Accounting Estimates</span></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Management is required to make certain estimates and assumptions during the preparation of the consolidated financial statements in accordance with GAAP. These estimates and assumptions impact the reported amount of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements. They also impact the reported amount of net earnings during any period. Actual results could differ from those estimates. </span></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Significant estimates underlying the accompanying consolidated financial statements, including discontinued operations, include: the recoverability of long-lived assets, goodwill and intangible assets; the determination of income taxes payable and deferred income taxes, including related valuation allowances; fair value of assets acquired in a business combination; contingent consideration related to business combinations; litigation accruals; HLC ownership related claims; contract assets; various other </span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">allowances, reserves and accruals; assumptions related to the determination of stock-based compensation; and the determination of the right-of-use assets and lease liabilities. </span></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company considered the impact of COVID-19 on the assumptions and estimates used when preparing its quarterly financial statements including, but not limited to, our allowance for doubtful accounts, valuation allowances, contract asset and contingent consideration. These assumptions and estimates may change as new events occur and additional information is obtained. If economic conditions caused by COVID-19 do not recover as currently estimated by management, such future changes may have an adverse impact on the Company's results of operations, financial position and liquidity.</span></div>
us-gaap Concentration Risk Credit Risk
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<div style="line-height:120%;padding-top:16px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Certain Risks and Concentrations</span></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">LendingTree's business is subject to certain risks and concentrations including dependence on third-party technology providers, exposure to risks associated with online commerce security and credit card fraud.</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial instruments, which potentially subject the Company to concentration of credit risk at </span><span style="font-family:inherit;font-size:10pt;">June 30, 2020</span><span style="font-family:inherit;font-size:10pt;">, consist primarily of cash and cash equivalents and accounts receivable, as disclosed in the consolidated balance sheet. Cash and cash equivalents are in excess of Federal Deposit Insurance Corporation insurance limits, but are maintained with quality financial institutions of high credit. The Company requires certain Network Partners to maintain security deposits with the Company, which in the event of non-payment, would be applied against any accounts receivable outstanding.</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Due to the nature of the mortgage lending industry, interest rate fluctuations may negatively impact future revenue from the Company's marketplace.</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Lenders and lead purchasers participating on the Company's marketplace can offer their products directly to consumers through brokers, mass marketing campaigns or through other traditional methods of credit distribution. These lenders and lead purchasers can also offer their products online, either directly to prospective borrowers, through one or more online competitors, or both. If a significant number of potential consumers are able to obtain loans and other products from Network Partners without utilizing the Company's services, the Company's ability to generate revenue may be limited. Because the Company does not have exclusive relationships with the Network Partners whose loans and other financial products are offered on its online marketplace, consumers may obtain offers from these Network Partners without using its services.</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other than a support services office in India, the Company's operations are geographically limited to and dependent upon the economic condition of the United States.</span></div>
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CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
90267000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
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171438000 USD
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FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
25565000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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42738000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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25256000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
8602000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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6747000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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35017000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
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143925000 USD
CY2020Q2 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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9175000 USD
CY2019Q2 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
2790000 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
1053000 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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17382000 USD
CY2020Q2 us-gaap Accrued Advertising Current
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46114000 USD
CY2019Q4 us-gaap Accrued Advertising Current
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65836000 USD
CY2020Q2 us-gaap Employee Related Liabilities Current
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10068000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
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10540000 USD
CY2020Q2 us-gaap Accrued Professional Fees Current
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2188000 USD
CY2019Q4 us-gaap Accrued Professional Fees Current
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1560000 USD
CY2020Q2 tree Customer Depositsand Escrows Current
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8768000 USD
CY2019Q4 tree Customer Depositsand Escrows Current
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6920000 USD
CY2020Q2 tree Charitable Contribution Accrual
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3333000 USD
CY2019Q4 tree Charitable Contribution Accrual
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3333000 USD
CY2020Q2 us-gaap Operating Lease Liability Current
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5923000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
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6885000 USD
CY2020Q2 us-gaap Other Liabilities Current
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12175000 USD
CY2019Q4 us-gaap Other Liabilities Current
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17681000 USD
CY2020Q2 us-gaap Accrued Liabilities Current
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88569000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
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112755000 USD
tree Lessee Operating Lease Number Of Renewal Options
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1 renewal_options
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
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87900000 USD
CY2020Q2 us-gaap Operating Lease Liability
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92600000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
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25500000 USD
CY2019Q4 us-gaap Operating Lease Liability
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28200000 USD
CY2020Q2 us-gaap Operating Lease Cost
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2140000 USD
CY2019Q2 us-gaap Operating Lease Cost
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1467000 USD
us-gaap Operating Lease Cost
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3994000 USD
us-gaap Operating Lease Cost
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2730000 USD
CY2020Q2 us-gaap Short Term Lease Cost
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17000 USD
CY2019Q2 us-gaap Short Term Lease Cost
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9000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
38000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
48000 USD
CY2020Q2 us-gaap Lease Cost
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2157000 USD
CY2019Q2 us-gaap Lease Cost
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1476000 USD
us-gaap Lease Cost
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4032000 USD
us-gaap Lease Cost
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2778000 USD
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P14Y
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.050
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.047
us-gaap Operating Lease Payments
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4056000 USD
us-gaap Operating Lease Payments
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2581000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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65740000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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11398000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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4052000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8595000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
12530000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
12409000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
10885000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
105398000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
153869000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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47219000 USD
us-gaap Payments For Proceeds From Tenant Allowance
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14078000 USD
CY2020Q2 us-gaap Operating Lease Liability
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92572000 USD
CY2019Q2 us-gaap Operating Lease Lease Income
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100000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
300000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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12984000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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12805000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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12971000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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12762000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
810000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
592000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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777000 shares
CY2020Q2 tree Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
0 shares
CY2019Q2 tree Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
194000 shares
tree Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
91000 shares
tree Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
191000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1099000 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
300000 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
892000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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12984000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14908000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13954000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14622000 shares
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
800000 shares
CY2018Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000.0 USD
CY2019Q1 us-gaap Stock Repurchase Program Authorized Amount1
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150000000.0 USD
us-gaap Treasury Stock Shares Acquired
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17501 shares
us-gaap Treasury Stock Value Acquired Cost Method
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4000000.0 USD
CY2020Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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179700000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13158000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15982000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
25075000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
30035000 USD
CY2020Q2 us-gaap Share Price
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289.53
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
138.75
CY2020Q2 us-gaap Share Price
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289.53
CY2020Q2 us-gaap Income Tax Expense Benefit
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-3880000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5689000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6941000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-13441000 USD
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.310
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.780
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-2.030
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 Rate
CY2020Q2 tree Excess Tax Benefiton Stock Compensation Income Tax Expense Benefit
ExcessTaxBenefitonStockCompensationIncomeTaxExpenseBenefit
-800000 USD
tree Excess Tax Benefiton Stock Compensation Income Tax Expense Benefit
ExcessTaxBenefitonStockCompensationIncomeTaxExpenseBenefit
-1800000 USD
tree Cares Act Income Tax Expense Benefit
CARESActIncomeTaxExpenseBenefit
-6100000 USD
tree Cares Act Income Tax Expense Benefit
CARESActIncomeTaxExpenseBenefit
-6100000 USD
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 Rate
CY2019Q2 tree Excess Tax Benefiton Stock Compensation Income Tax Expense Benefit
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-7700000 USD
tree Excess Tax Benefiton Stock Compensation Income Tax Expense Benefit
ExcessTaxBenefitonStockCompensationIncomeTaxExpenseBenefit
-13700000 USD
CY2020Q2 tree Income Tax Expense Excluding Excess Tax Benefiton Stock Compensation
IncomeTaxExpenseExcludingExcessTaxBenefitonStockCompensation
-3127000 USD
CY2019Q2 tree Income Tax Expense Excluding Excess Tax Benefiton Stock Compensation
IncomeTaxExpenseExcludingExcessTaxBenefitonStockCompensation
2034000 USD
tree Income Tax Expense Excluding Excess Tax Benefiton Stock Compensation
IncomeTaxExpenseExcludingExcessTaxBenefitonStockCompensation
970000 USD
tree Income Tax Expense Excluding Excess Tax Benefiton Stock Compensation
IncomeTaxExpenseExcludingExcessTaxBenefitonStockCompensation
284000 USD
CY2020Q2 tree Excess Tax Benefiton Stock Compensation Income Tax Expense Benefit
ExcessTaxBenefitonStockCompensationIncomeTaxExpenseBenefit
-753000 USD
CY2019Q2 tree Excess Tax Benefiton Stock Compensation Income Tax Expense Benefit
ExcessTaxBenefitonStockCompensationIncomeTaxExpenseBenefit
-7723000 USD
tree Excess Tax Benefiton Stock Compensation Income Tax Expense Benefit
ExcessTaxBenefitonStockCompensationIncomeTaxExpenseBenefit
-1807000 USD
tree Excess Tax Benefiton Stock Compensation Income Tax Expense Benefit
ExcessTaxBenefitonStockCompensationIncomeTaxExpenseBenefit
-13725000 USD
CY2020Q2 tree Cares Act Income Tax Expense Benefit
CARESActIncomeTaxExpenseBenefit
0 USD
CY2019Q2 tree Cares Act Income Tax Expense Benefit
CARESActIncomeTaxExpenseBenefit
0 USD
tree Cares Act Income Tax Expense Benefit
CARESActIncomeTaxExpenseBenefit
-6104000 USD
CY2020Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
25537000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
31789000 USD
CY2020Q2 tree Debtissuancecostsliabilitycomponent
Debtissuancecostsliabilitycomponent
3062000 USD
CY2019Q4 tree Debtissuancecostsliabilitycomponent
Debtissuancecostsliabilitycomponent
3811000 USD
tree Cares Act Income Tax Expense Benefit
CARESActIncomeTaxExpenseBenefit
0 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3880000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5689000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6941000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-13441000 USD
CY2017Q2 us-gaap Convertible Debt
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300000000.0 USD
CY2017Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
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0.00625 Rate
CY2017Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.00625 Rate
CY2017Q2 tree Debt Conversion Numberof Sharesof Common Stock Convertibleper1000of Principal Notes
DebtConversionNumberofSharesofCommonStockConvertibleper1000ofPrincipalNotes
4.8163 shares
CY2017Q2 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
207.63
CY2017Q2 us-gaap Debt Instrument Convertible Threshold Percentage Of Stock Price Trigger
DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger
1.30 Rate
CY2017Q2 us-gaap Debt Instrument Convertible Threshold Trading Days
DebtInstrumentConvertibleThresholdTradingDays
5 day
CY2017Q2 us-gaap Debt Instrument Convertible Threshold Consecutive Trading Days1
DebtInstrumentConvertibleThresholdConsecutiveTradingDays1
5 day
CY2017Q2 tree Debt Instrument Convertible Threshold Percentage Of Stock Price Trigger Five Business Days
DebtInstrumentConvertibleThresholdPercentageOfStockPriceTriggerFiveBusinessDays
0.98 Rate
CY2017Q2 us-gaap Debt Instrument Convertible Threshold Percentage Of Stock Price Trigger
DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger
1.30 Rate
CY2017Q2 us-gaap Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
1 Rate
CY2017Q2 tree Nonconvertible Debt Borrowing Rateatthe Dateof Issuance
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0.0536 Rate
CY2017Q2 us-gaap Convertible Debt Noncurrent
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238400000 USD
CY2017Q2 us-gaap Debt Instrument Convertible Carrying Amount Of The Equity Component
DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent
61600000 USD
CY2017Q2 us-gaap Deferred Finance Costs Gross
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9300000 USD
CY2017Q2 tree Debtissuancecostsliabilitycomponent
Debtissuancecostsliabilitycomponent
7400000 USD
CY2017Q2 tree Debtissuancecostsequitycomponent
Debtissuancecostsequitycomponent
1900000 USD
us-gaap Interest Expense Debt
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7900000 USD
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
900000 USD
CY2017Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
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0.00625 Rate
us-gaap Amortization Of Debt Discount Premium
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6300000 USD
us-gaap Interest Expense Debt
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7500000 USD
us-gaap Interest Expense Debt Excluding Amortization
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900000 USD
CY2017Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
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0.00625 Rate
us-gaap Amortization Of Debt Discount Premium
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5900000 USD
CY2020Q2 us-gaap Long Term Debt Fair Value
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430500000 USD
CY2020Q2 us-gaap Convertible Debt
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299977000 USD
CY2019Q4 us-gaap Convertible Debt
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299991000 USD
CY2020Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
271378000 USD
CY2017Q2 us-gaap Payments For Hedge Financing Activities
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61500000 USD
CY2017Q2 tree Numberof Shares Coveredbythe Hedge Transactions
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1400000 shares
CY2017Q2 tree Netproceedsfromthe Convertible Notesusedtopayforthecostofthe Convertible Note Hedge
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18100000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
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264391000 USD
CY2020Q2 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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9175000 USD
CY2019Q2 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
2790000 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
1053000 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
17382000 USD
CY2017Q2 us-gaap Debt Instrument Convertible Conversion Price1
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207.63
CY2017Q2 tree Numberof Shares Coveredbythe Hedge Transactions
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1400000 shares
CY2017Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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266.39
CY2017Q2 tree Premiumofwarrantstrikepriceoversalespriceofcommonstock
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0.70 Rate
CY2017Q2 us-gaap Share Price
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156.70
CY2017Q2 us-gaap Proceeds From Issuance Of Warrants
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43400000 USD
CY2017Q2 tree Netproceedsfromthe Convertible Notesusedtopayforthecostofthe Convertible Note Hedge
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18100000 USD
CY2020Q2 us-gaap Long Term Debt Current
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130000000.0 USD
CY2020Q2 us-gaap Longterm Debt Weighted Average Interest Rate
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0.0144
CY2019Q4 us-gaap Long Term Debt Current
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75000000.0 USD
CY2019Q4 us-gaap Longterm Debt Weighted Average Interest Rate
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0.0301
CY2019Q4 tree Credit Agreement Potential Additional Borrowing Capacity
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185000000.0 USD
CY2020Q2 us-gaap Letters Of Credit Outstanding Amount
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200000 USD
CY2019Q4 tree Ratioof Debtto Ebitda Step Down
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4.0
CY2019Q4 tree Ratioof Debtto Ebitda Increase
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0.5
us-gaap Debt Instrument Unused Borrowing Capacity Fee
DebtInstrumentUnusedBorrowingCapacityFee
500000 USD
us-gaap Debt Instrument Unused Borrowing Capacity Fee
DebtInstrumentUnusedBorrowingCapacityFee
300000 USD
CY2020Q2 us-gaap Litigation Reserve
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100000 USD
CY2019Q4 us-gaap Litigation Reserve
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200000 USD
CY2020Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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22342000 USD
CY2019Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
49429000 USD
CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
33464000 USD
CY2018Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
38837000 USD
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements
0 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements
0 USD
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
-3000000 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
-2000000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
-6000000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
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-6000000 USD
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
28517000 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
50219000 USD
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
28517000 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
50219000 USD
us-gaap Number Of Reportable Segments
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3 segment
CY2020Q2 us-gaap Revenues
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184326000 USD
CY2020Q2 tree Costof Revenueand Marketing Expense
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95995000 USD
CY2020Q2 us-gaap Gross Profit
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88331000 USD
CY2020Q2 us-gaap Other Cost Of Operating Revenue
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13464000 USD
CY2020Q2 us-gaap Other Selling And Marketing Expense
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17926000 USD
CY2020Q2 us-gaap General And Administrative Expense
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