0001705110-21-000015 | 10-K | XBRL Viewer

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Cover Page - USD ($)	12 Months Ended
Cover Page - USD ($)	Dec. 31, 2020	Jan. 29, 2021	Jun. 30, 2020
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 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 Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Entity Public Float			$ 891,291,134
Documents Incorporated by Reference	Portions of the Registrant's proxy statement for its 2021 Annual Meeting of Stockholders are incorporated by reference into Part III herein.
Entity Central Index Key	0001705110
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Amendment Flag	false
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		78,192,070
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		421,861,990
Class C Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		0

CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 812,705	$ 390,565
Marketable debt securities	49,995
Accounts receivable, net of reserves	43,148	41,669
Other current assets	71,958	67,759
Total current assets	977,806	499,993
Capitalized software, leasehold improvements and equipment, net of amortization and depreciation	108,842	103,361
Goodwill	891,797	883,960
Intangible assets, net of amortization	209,717	251,725
Other non-current assets	180,020	182,572
TOTAL ASSETS	2,368,182	1,921,611
LIABILITIES:
Current portion of long-term debt	0	13,750
Accounts payable	30,805	25,987
Deferred revenue	54,654	58,220
Accrued expenses and other current liabilities	148,219	116,997
Total current liabilities	233,678	214,954
Long-term debt, net	712,277	231,946
Deferred income taxes	1,296	3,441
Other long-term liabilities	111,710	121,055
Redeemable noncontrolling interests	26,364	26,663
Commitments and contingencies
SHAREHOLDERS’ EQUITY:
Additional paid-in capital	1,379,469	1,357,075
Retained earnings	9,749	16,032
Accumulated other comprehensive income (loss)	4,637	(1,379)
Treasury stock	(122,081)	(57,949)
Total ANGI Homeservices Inc. shareholders’ equity	1,272,290	1,314,288
Noncontrolling interests	10,567	9,264
Total shareholders’ equity	1,282,857	1,323,552
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	2,368,182	1,921,611
Class A Common Stock
SHAREHOLDERS’ EQUITY:
Common stock	94	87
Class B Common Stock
SHAREHOLDERS’ EQUITY:
Common stock	422	422
Class C Common Stock
SHAREHOLDERS’ EQUITY:
Common stock	$ 0	$ 0

CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Allowance and reserves	$ 27,839	$ 20,293
Treasury stock (shares)	15,905,000	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)	94,238,000	87,007,000
Common stock outstanding (shares)	78,333,000	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)	421,862,000	421,570,000
Common stock outstanding (shares)	421,862,000	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 OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenue	$ 1,467,925	$ 1,326,205	$ 1,132,241
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	173,281	46,493	55,739
Selling and marketing expense	762,590	733,223	541,469
General and administrative expense	374,096	348,247	323,462
Product development expense	68,803	64,200	61,143
Depreciation	52,621	39,915	24,310
Amortization of intangibles	42,902	55,482	62,212
Total operating costs and expenses	1,474,293	1,287,560	1,068,335
Operating (loss) income	(6,368)	38,645	63,906
Interest expense	(14,178)	(11,493)	(11,623)
Other income, net	1,218	6,494	17,741
(Loss) earnings before income taxes	(19,328)	33,646	70,024
Income tax benefit	15,168	1,668	7,483
Net (loss) earnings	(4,160)	35,314	77,507
Net earnings attributable to noncontrolling interests	$ (2,123)	$ (485)	$ (189)
Per share information attributable to ANGI Homeservices Inc. shareholders:
Basic earnings (loss) per share (USD per share)	$ (0.01)	$ 0.07	$ 0.16
Diluted earnings (loss) per share (USD per share)	$ (0.01)	$ 0.07	$ 0.15
Stock-based compensation expense by function:
Stock-based compensation expense	$ 83,649	$ 68,255	$ 97,078
Selling and marketing expense
Stock-based compensation expense by function:
Stock-based compensation expense	4,662	3,717	3,368
General and administrative expense
Stock-based compensation expense by function:
Stock-based compensation expense	73,846	56,475	84,028
Product development expense
Stock-based compensation expense by function:
Stock-based compensation expense	$ 5,141	$ 8,063	$ 9,682

CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement of Comprehensive Income [Abstract]
Net (loss) earnings	$ (4,160)	$ 35,314	$ 77,507
Other comprehensive income (loss):
Change in foreign currency translation adjustment	6,827	399	(4,862)
Change in unrealized gains and losses on available-for-sale debt securities		(3)	3
Total other comprehensive income (loss)	6,827	396	(4,859)
Comprehensive income	2,667	35,710	72,648
Components of comprehensive (income) loss attributable to noncontrolling interests:
Net earnings attributable to noncontrolling interests	(2,123)	(485)	(189)
Change in foreign currency translation adjustment attributable to noncontrolling interests	(811)	86	766
Comprehensive (income) loss attributable to noncontrolling interests	(2,934)	(399)	577
Comprehensive (loss) income attributable to ANGI Homeservices Inc. shareholders	$ (267)	$ 35,311	$ 73,225

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Redeemable Noncontrolling Interests	Total ANGI Homeservices Inc. Shareholders’ Equity	Total ANGI Homeservices Inc. Shareholders’ Equity Cumulative Effect, Period of Adoption, Adjustment	Common Stock Class A Common Stock	Common Stock Class B Common Stock	Additional Paid-in Capital	Retained Earnings (Accumulated Deficit)	Retained Earnings (Accumulated Deficit) Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Noncontrolling Interests
Balance at beginning of period at Dec. 31, 2017			$ 21,300
Increase (Decrease) in Redeemable Noncontrolling Interests
Net (loss) earnings			(146)
Other comprehensive loss			(582)
Stock-based compensation expense			1,138
Purchase of noncontrolling interests			(4,825)
Adjustment of redeemable noncontrolling interests to fair value			1,244
Balance at end of period at Dec. 31, 2018			18,163
Balance at beginning of period at Dec. 31, 2017	$ 1,003,094	$ 25,649		$ 993,346	$ 25,649	$ 63	$ 415	$ 1,112,400	$ (121,764)	$ 25,649	$ 2,232	$ 0	$ 9,748
Balance at the beginning of the period (shares) at Dec. 31, 2017						62,818	415,186
Increase (Decrease) in Shareholders' Equity
Net (loss) earnings	77,653			77,318					77,318				335
Other comprehensive loss	(4,277)			(4,093)							(4,093)		(184)
Stock-based compensation expense	95,940			95,940				95,940
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(25,091)			(25,091)		$ 9		(25,100)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (shares)						9,111
Issuance of common stock to IAC pursuant to the employee matters agreement	0						$ 1	(1)
Issuance of common stock to IAC pursuant to the employee matters agreement (shares)							856
Issuance of common stock to IAC pursuant to the post-closing adjustment provision of the Angie’s List merger agreement	0						$ 5	(5)
Issuance of common stock to IAC pursuant to the post-closing adjustment provision of the Angie's List merger agreement (shares)							5,076
Issuance of common stock to the equity holders of Handy Technologies, Inc. pursuant to the merger agreement	165,797			165,797		$ 9		165,788
Issuance of common stock to the equity holders of Handy Technologies, Inc. pursuant to the merger agreement (shares)						8,586
Distribution to IAC pursuant to the tax sharing agreement	(12,100)			(12,100)				(12,100)
Purchase of noncontrolling interests	(1,236)												(1,236)
Adjustment of redeemable noncontrolling interests to fair value	(1,244)		1,200	(1,244)				(1,244)
Other	(2,198)		34	(2,581)				(2,581)					383
Balance at end of period at Dec. 31, 2018	1,321,987			1,312,941		$ 81	$ 421	1,333,097	(18,797)		(1,861)	0	9,046
Balance at the end of the period (shares) at Dec. 31, 2018						80,515	421,118
Increase (Decrease) in Redeemable Noncontrolling Interests
Net (loss) earnings			142
Other comprehensive loss			39
Stock-based compensation expense			148
Purchase of noncontrolling interests			(71)
Adjustment of redeemable noncontrolling interests to fair value			8,242
Balance at end of period at Dec. 31, 2019	26,663		26,663
Increase (Decrease) in Shareholders' Equity
Net (loss) earnings	35,172			34,829					34,829				343
Other comprehensive loss	357			482							482		(125)
Stock-based compensation expense	65,815			65,815				65,815
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(32,957)			(32,957)		$ 6		(32,963)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (shares)						6,492
Issuance of common stock to IAC pursuant to the employee matters agreement	(1,765)			(1,765)			$ 1	(1,766)
Issuance of common stock to IAC pursuant to the employee matters agreement (shares)							452
Purchase of treasury stock	(57,949)			(57,949)								(57,949)
Adjustment pursuant to the tax sharing agreement	1,151			1,151				1,151
Adjustment of redeemable noncontrolling interests to fair value	(8,242)		8,200	(8,242)				(8,242)
Other	(17)			(17)				(17)
Balance at end of period at Dec. 31, 2019	1,323,552			1,314,288		$ 87	$ 422	1,357,075	16,032		(1,379)	(57,949)	9,264
Balance at the end of the period (shares) at Dec. 31, 2019						87,007	421,570
Increase (Decrease) in Redeemable Noncontrolling Interests
Net (loss) earnings			767
Purchase of noncontrolling interests			(3,165)
Adjustment of redeemable noncontrolling interests to fair value			1,645
Balance at end of period at Dec. 31, 2020	26,364		26,364
Increase (Decrease) in Shareholders' Equity
Net (loss) earnings	(4,927)			(6,283)					(6,283)				1,356
Other comprehensive loss	6,388		439	6,016							6,016		372
Stock-based compensation expense	85,267		15	85,267				85,267
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(62,697)			(62,697)		$ 7		(62,704)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (shares)						7,231
Issuance of common stock to IAC pursuant to the employee matters agreement	(1,445)			(1,445)			$ 0	(1,445)
Issuance of common stock to IAC pursuant to the employee matters agreement (shares)							292
Purchase of treasury stock	(64,132)			(64,132)								(64,132)
Adjustment pursuant to the tax sharing agreement	3,613			3,613				3,613
Purchase of noncontrolling interests	(1,115)												(1,115)
Adjustment of redeemable noncontrolling interests to fair value	(1,645)		$ 1,600	(1,645)				(1,645)
Other	(2)			(692)				(692)					690
Balance at end of period at Dec. 31, 2020	$ 1,282,857			$ 1,272,290		$ 94	$ 422	$ 1,379,469	$ 9,749		$ 4,637	$ (122,081)	$ 10,567
Balance at the end of the period (shares) at Dec. 31, 2020						94,238	421,862

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
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
Common Stock \| Class A Common Stock
Common stock, par value (USD per share)	0.001	0.001	$ 0.001
Common Stock \| Class B Common Stock
Common stock, par value (USD per share)	0.001	0.001	0.001
Common Stock \| Class C Common Stock
Common stock, par value (USD per share)	$ 0.001	$ 0.001	$ 0.001

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities:
Net (loss) earnings	$ (4,160,000)	$ 35,314,000	$ 77,507,000
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:
Stock-based compensation expense	83,649,000	68,255,000	97,078,000
Amortization of intangibles	42,902,000	55,482,000	62,212,000
Provision for credit losses	78,229,000	64,278,000	47,242,000
Depreciation	52,621,000	39,915,000	24,310,000
Deferred income taxes	(15,278,000)	(3,250,000)	(8,368,000)
Loss (gain) from the sale of a business	273,000	218,000	(13,237,000)
Revenue reserves	10,251,000	5,934,000	221,000
Other adjustments, net	1,598,000	2,053,000	(740,000)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:
Accounts receivable	(79,830,000)	(78,954,000)	(47,686,000)
Other assets	5,987,000	13,382,000	(12,959,000)
Accounts payable and other liabilities	17,206,000	13,627,000	(576,000)
Income taxes payable and receivable	(1,243,000)	1,650,000	725,000
Deferred revenue	(3,786,000)	(3,743,000)	(2,029,000)
Net cash provided by operating activities	188,419,000	214,161,000	223,700,000
Cash flows from investing activities:
Acquisitions, net of cash acquired	(2,264,000)	(20,341,000)	3,669,000
Capital expenditures	(52,488,000)	(68,804,000)	(46,976,000)
Purchases of marketable debt securities	(99,977,000)	0	(59,671,000)
Proceeds from maturities of marketable debt securities	50,000,000	25,000,000	35,000,000
Net proceeds from the sale of a business	731,000	23,615,000	0
Proceeds from sale of fixed assets	20,000		10,412,000
Other, net	24,000	(103,000)	(25,000)
Net cash used in investing activities	(103,954,000)	(40,633,000)	(57,591,000)
Cash flows from financing activities:
Proceeds from the issuance of Senior Notes	500,000,000	0	0
Principal payments on Term Loan	(27,500,000)	(13,750,000)	(13,750,000)
Debt issuance costs	(6,484,000)	0	(2,168,000)
Principal payments on related party debt	0	(1,008,000)	(1,904,000)
Purchase of treasury stock	(63,674,000)	(56,905,000)	0
Proceeds from the exercise of stock options	0	573,000	4,693,000
Withholding taxes paid on behalf of employees on net settled stock-based awards	(64,079,000)	(35,284,000)	(29,844,000)
Distribution from (to) IAC pursuant to tax sharing agreement	3,071,000	(11,355,000)	0
Purchase of noncontrolling interests	(4,281,000)	(71,000)	(6,061,000)
Other, net		(3,732,000)	13,000
Net cash provided (used in) by financing activities	337,053,000	(121,532,000)	(49,021,000)
Total cash provided	421,518,000	51,996,000	117,088,000
Effect of exchange rate changes on cash and cash equivalents and restricted cash	565,000	661,000	212,000
Net increase in cash and cash equivalents and restricted cash	422,083,000	52,657,000	117,300,000
Cash and cash equivalents and restricted cash at beginning of period	391,478,000	338,821,000	221,521,000
Cash and cash equivalents and restricted cash at end of period	$ 813,561,000	$ 391,478,000	$ 338,821,000

ORGANIZATION	12 Months Ended
ORGANIZATION	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION ANGI Homeservices Inc. connects quality home service professionals across 500 different categories, from repairing and remodeling to cleaning and landscaping, with consumers. Over 240,000 domestic service professionals actively sought consumer matches, completed jobs or advertised work through ANGI Homeservices’ platforms and consumers turned to at least one of our brands to find a professional for approximately 32 million projects during the year ended December 31, 2020. The Company has established category-transforming products with brands such as HomeAdvisor, Angie’s List, and Handy. The HomeAdvisor digital marketplace service (“HomeAdvisor”) connects consumers with service professionals nationwide for home repair, maintenance and improvement projects. HomeAdvisor provides consumers with tools and resources to help them find local, pre-screened and customer-rated service professionals, as well as instantly book appointments online or connect them by telephone. Handy Technologies, Inc. (“Handy”), is a leading platform for connecting individuals looking for household services (primarily cleaning and handyman services) with top-quality, pre-screened independent service professionals. Together, the Company refers to the HomeAdvisor and Handy businesses in the United States as the “Marketplace”. The Company also owns and operates Angie’s List, which connects consumers with service professionals for local services through a nationwide online directory of service professionals in over 700 service categories, as well as provides consumers with valuable tools, services and content, including verified reviews of local service professionals, to help them research, shop and hire for local services. In addition to its market-leading U.S. operations, ANGI Homeservices owns leading home services online marketplaces in France (Travaux), Germany (MyHammer), Netherlands (Werkspot), United Kingdom (MyBuilder), Canada (HomeStars) and Italy (Instapro), as well as operations in Austria (MyHammer). The Company has two operating segments: (i) North America (United States and Canada), which includes HomeAdvisor, Angie’s List, Handy, HomeStars, and Felix, for periods prior to its sale on December 31, 2018, 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 December 31, 2020, IAC owned 84.3% and 98.2% of the economic interest and voting interest, respectively, of ANGI Homeservices.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

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. All intercompany transactions and balances between and among the Company and its subsidiaries have been eliminated. All intercompany transactions between (i) ANGI Homeservices and (ii) IAC and its subsidiaries, with the exception of a promissory note payable to a foreign subsidiary of IAC, are considered to be effectively settled for cash at the time the transaction is recorded. See “Note 15—Related Party Transactions with IAC” for additional information on transactions between ANGI Homeservices and IAC.

In the opinion of management, the assumptions underlying the historical consolidated financial statements, including the basis on which the expenses have been allocated from IAC, are reasonable. However, the allocations may not reflect all of the expenses that ANGI Homeservices may have incurred as a standalone public company for the periods presented.

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.

When COVID-19 first impacted North America and Europe in the early spring of 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). Toward the end of the spring 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. The Company continued to experience strong demand for home services in the last half of 2020. However, many service professionals’ businesses have been adversely impacted by labor and material constraints and many service professionals have limited capacity to take on new business, which has negatively impacted the Company's ability to monetize this increased level of service requests.

In addition, North America, which represents 95% of the Company’s revenue for the year ended December 31, 2020, experienced a significant resurgence of the COVID-19 virus with record levels of infections being reported during the fourth quarter of 2020 and continuing into the first quarter of 2021. Europe, which is the second largest market for the Company’s products and services, has also seen a dramatic resurgence in COVID-19. This resurgence and the measures designed to curb its spread could materially and adversely affect our business, financial condition and results of operations.

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 and marketable debt securities; the carrying value of accounts receivable, including the determination of the credit loss reserve; 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.

Revenue Recognition

The Company adopted the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers, effective January 1, 2018 using the modified retrospective transition method for open contracts as of the date of initial application. The effect of the adoption of ASU No. 2014-09 was that commissions paid to employees pursuant to certain sales incentive programs, which represent the incremental direct costs of obtaining a service professional contract, are now capitalized and amortized over the estimated life of a service professional (also referred to as the estimated customer relationship period). The cumulative effect of the adoption of ASU No. 2014-09 was the establishment of a current and non-current asset for capitalized sales commissions of $29.7 million and $4.2 million, respectively, and a related deferred tax liability of $8.3 million, resulting in a net increase to retained earnings of $25.6 million on January 1, 2018.

The Company’s disaggregated revenue disclosures are presented in “Note 12—Segment Information.”

The Company accounts for a contract with a customer when it has approval and commitment from all parties, the rights of the parties and payment terms are identified, the contract has commercial substance and collectability of consideration is probable. Revenue is recognized when control of the promised services or goods is transferred to our customers and in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services or goods.

Revenue is primarily derived from consumer connection revenue, which comprises fees paid by HomeAdvisor service professionals for consumer matches (regardless of whether the service professional ultimately provides the requested service) and revenue from completed jobs sourced through the HomeAdvisor and Handy platforms. Consumer connection revenue varies based upon several factors, including the service requested, product experience offered and geographic location of service. Consumer connection revenue is generally billed one week following a consumer match, with payment due upon receipt of invoice or collected when a consumer schedules a job through the HomeAdvisor and Handy platforms. The Company maintains revenue reserves for potential credits issued to HomeAdvisor services providers and for services provided by Handy service professionals to consumers.

Revenue is also derived from (i) sales of time-based website, mobile and call center advertising to service professionals, (ii) HomeAdvisor service professional membership subscription fees, (iii) membership subscription fees from consumers and (iv) service warranty subscription and other services. Angie’s List service professionals generally pay for advertisements in advance on a monthly or annual basis at the option of the service professional, with the average advertising contract term being approximately one year. Angie’s List website, mobile and call center advertising revenue is recognized ratably over the contract term. Revenue from the sale of advertising in the Angie’s List Magazine is recognized in the period in which the publication is distributed. Service professional membership subscription revenue is initially deferred and is recognized using the straight-line method over the applicable subscription period, which is typically one year. Angie’s List prepaid consumer membership subscription fees are recognized as revenue using the straight-line method over the term of the applicable subscription period, which is typically one year.

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. 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 $73.8 million during the year ended December 31, 2020.

Transaction Price

The objective of determining the transaction price is to estimate the amount of consideration the Company is due in exchange for its services or goods, including amounts that are variable. The Company determines the total transaction price, including an estimate of any variable consideration, at contract inception and reassesses this estimate each reporting period.

The Company excludes from the measurement of transaction price all taxes assessed by governmental authorities that are both (i) imposed on and concurrent with a specific revenue-producing transaction and (ii) collected from customers. Accordingly, such tax amounts are not included as a component of net revenue or cost of revenue.

For contracts that have an original duration of one year or less, the Company uses the practical expedient available under ASU No. 2014-09, applicable to such contracts and does not consider the time value of money.

Arrangements with Multiple Performance Obligations

The Company’s contracts with customers may include multiple performance obligations. For such arrangements, the Company allocates revenue to each performance obligation based on its relative standalone selling price. The Company generally determines standalone selling prices based on the prices charged to customers, which are directly observable or based on an estimate if not directly observable.

Assets Recognized from the Costs to Obtain a Contract with a Customer

The Company has determined that certain costs, primarily commissions paid to employees pursuant to certain sales incentive programs, meet the requirements to be capitalized as a cost of obtaining a contract. Capitalized sales commissions are amortized over the estimated customer relationship period. The Company calculates the estimated customer relationship period as the average customer life, which is based on historical data. When customer renewals are expected and the renewal commission is not commensurate with the initial commission, the average customer life includes renewal periods. 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.

During the years ended December 31, 2020, 2019 and 2018 the Company recognized expense of $64.8 million, $56.8 million, and $50.0 million, respectively, related to the amortization of these costs. The current contract assets are $49.2 million and $35.1 million at December 31, 2020, and 2019, respectively. The non-current contract asset balances are $0.4 million and $4.0 million at December 31, 2020 and 2019, respectively. The current and non-current contract assets are included in “Other current assets” and “Other non-current assets,” respectively, in the accompanying consolidated balance sheet.

Performance Obligations

As permitted under the practical expedient available under ASU No. 2014-09, 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 we have the right to invoice for services performed.

Accounts Receivables, Net of Credit Loss and Revenue Reserves

Accounts receivable include amounts billed and currently due from customers. The credit loss reserve is based upon a number of factors, including the length of time accounts receivable are past due, the Company’s previous loss history and the specific customer’s ability to pay its obligation. The time between the Company’s issuance of an invoice and payment due date is not significant; customer payments that are not collected in advance of the transfer of promised services or goods are generally due no later than 30 days from invoice date. The Company also maintains reserves for potential credits issued to service professionals or other revenue adjustments. The amounts of these revenue reserves are based primarily upon historical experience.

Credit Losses and Revenue Reserve

The following table presents the changes in the credit loss reserve for the year ended December 31, 2020:


	December 31, 2020
	(In thousands)
Balance at January 1	$	19,066
Current period provision for credit losses	78,229
Write-offs charged against the credit loss reserve	(73,682)
Recoveries collected	2,433
Balance at December 31	$	26,046

The revenue reserve was $1.8 million and $1.2 million at December 31, 2020 and 2019, respectively. The total credit loss and revenue reserve was $27.8 million and $20.3 million as of December 31, 2020 and 2019.

Deferred Revenue

Deferred revenue consists of advance 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 its performance obligation is one year or less. During the years ended December 31, 2020 and 2019, the Company recognized $57.6 million and $61.0 million of revenue that was included in the deferred revenue balance as of December 31, 2019 and 2018, respectively. The current deferred revenue balances are $54.7 million and $58.2 million at December 31, 2020 and 2019, respectively. The non-current deferred revenue balances are $0.2 million and $0.2 million at December 31, 2020 and 2019, respectively. Non-current deferred revenue is included in “Other long-term liabilities” in the accompanying consolidated balance sheet.

Cash and Cash Equivalents

Cash and cash equivalents include cash and short-term investments, with maturities of less than 91 days from the date of purchase. Domestically, cash equivalents consist of AAA rated government money market funds, treasury discount notes, commercial paper, time deposits and certificates of deposit. Internationally, there are no cash equivalents at December 31, 2020 and 2019.

Investments in Marketable Debt Securities

The Company invests in marketable debt securities with active secondary or resale markets to ensure portfolio liquidity to fund current operations or satisfy other cash requirements as needed. Marketable debt securities are adjusted to fair value each quarter, and the unrealized gains and losses, net of tax, are included in accumulated other comprehensive income (loss) as a separate component of shareholders’ equity. The specific-identification method is used to determine the cost of debt securities sold and the amount of unrealized gains and losses reclassified out of accumulated other comprehensive income (loss) into earnings. The Company reviews its debt securities for impairment, including from risk of credit loss, each reporting period. The Company recognizes an unrealized loss on debt securities in net earnings when the impairment is determined to be other-than-

temporary. Factors the Company considers in making such determination include the duration, severity and reason for the decline in value and the potential recovery and our intent to sell the debt security. The Company also considers whether it will be required to sell the security before recovery of its amortized cost basis and whether the amortized cost basis cannot be recovered because of credit losses. If an impairment is considered to be other-than-temporary, the debt security will be written down to its fair value and the loss will be recognized within other income (expense), net. The Company held $50.0 million in marketable debt securities at December 31, 2020. The Company held no marketable debt securities at December 31, 2019.

Capitalized Software, Leasehold Improvements and Equipment

Capitalized software, leasehold improvements and equipment, including significant improvements, are recorded at cost. Repairs and maintenance costs are expensed as incurred. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, or, in the case of leasehold improvements, the lease term, if shorter.


Asset Category						Estimated Useful Lives
Capitalized software and computer equipment						2 to 3 Years
Furniture and other equipment						5 to 7 Years
Leasehold improvements						5 to 25 Years

The Company capitalizes certain internal use software costs including external direct costs utilized in developing or obtaining the software and compensation for personnel directly associated with the development of the software. Capitalization of such costs begins when the preliminary project stage is complete and ceases when the project is substantially complete and ready for its intended purpose. The net book value of capitalized internal use software was $67.9 million and $56.3 million at December 31, 2020 and 2019, respectively.

Business Combinations

The purchase price of each acquisition is attributed to the assets acquired and liabilities assumed based on their fair values at the date of acquisition, including identifiable intangible assets that either arise from a contractual or legal right or are separable from goodwill. The Company usually uses the assistance of outside valuation experts to assist in the allocation of purchase price to identifiable intangible assets acquired. While outside valuation experts may be used, management has ultimate responsibility for the valuation methods, models and inputs used and the resulting purchase price allocation. The excess purchase price over the net tangible and identifiable intangible assets is recorded as goodwill and is assigned to the reporting unit(s) that is expected to benefit from the combination as of the acquisition date.

Goodwill and Indefinite-Lived Intangible Assets

The Company assesses goodwill and indefinite-lived intangible assets for impairment annually as of October 1, or more frequently if an event occurs or circumstances change that would indicate that it is more likely than not that the fair value of a reporting unit or the fair value of an indefinite-lived intangible asset has declined below its carrying value. At October 1, 2020, the Company has two reporting units: North America and Europe.

When the Company elects to perform a qualitative assessment and concludes it is not more likely than not that the fair value of the reporting unit is less than its carrying value, no further assessment of that reporting unit’s goodwill is necessary; otherwise, a quantitative assessment is performed and the fair value of the reporting unit is determined. If the carrying value of the reporting unit exceeds its fair value an impairment equal to the excess is recorded.

For the Company’s annual goodwill test at October 1, 2020, a qualitative assessment of the North America and Europe reporting units’ goodwill was performed and it was concluded that it was more likely than not that the fair value of these reporting units was in excess of their respective carrying values. In the aggregate, ANGI Homeservices’ October 1, 2020 market capitalization of $5.5 billion exceeded its carrying value by approximately $4.3 billion. The primary factor that the Company considered in its qualitative assessment for its Europe reporting unit were valuations performed during 2020 that indicated a fair value in excess of the carrying value. The fair value based on the valuation that was most proximate to, but not as of, October 1, 2020 exceeded the carrying value of the Europe reporting unit by $131.4 million. The primary factor that the Company

considered in its qualitative assessment for its North America reporting unit was the significant excess of the estimated fair value of the North America reporting unit over its carrying value. The fair value of the North America reporting unit was estimated by subtracting the fair value of the Europe reporting unit, based on the valuation described above, from the October 1, 2020 market capitalization of the Company; the estimated fair value of the North America reporting unit exceeded its carrying value by approximately $4.1 billion.

The fair value of the Company’s Europe reporting unit is determined using both an income approach based on discounted cash flows (“DCF”) and a market approach when it tests goodwill for impairment, either on an interim basis or annual basis as of October 1 each year. Determining fair value using a DCF analysis requires the exercise of significant judgment with respect to several items, including the amount and timing of expected future cash flows and appropriate discount rates. The expected cash flows used in the DCF analyses are based on the Company’s most recent forecast and budget and, for years beyond the budget, the Company’s estimates, which are based, in part, on forecasted growth rates. The discount rates used in the DCF analyses are intended to reflect the risks inherent in the expected future cash flows of the respective reporting units. Assumptions used in the DCF analyses, including the discount rate, are assessed based on the reporting units’ current results and forecasted future performance, as well as macroeconomic and industry specific factors. The discount rate used in determining the fair value of the Company’s Europe reporting unit was 15% in both 2020 and 2019. Determining fair value using a market approach considers multiples of financial metrics based on both acquisitions and trading multiples of a selected peer group of companies. From the comparable companies, a representative market multiple is determined which is applied to financial metrics to estimate the fair value of a reporting unit. To determine a peer group of companies for our respective reporting units, we considered companies relevant in terms of consumer use, monetization model, margin and growth characteristics, and brand strength operating in their respective sectors.

While the Company has the option to qualitatively assess whether it is more likely than not that the fair values of its indefinite-lived intangible assets are less than their carrying values, the Company’s policy is to determine the fair value of each of its indefinite-lived intangible assets annually as of October 1, in part, because the level of effort required to perform the quantitative and qualitative assessments is essentially equivalent. The Company determines the fair value of indefinite-lived intangible assets using an avoided royalty DCF valuation analysis. Significant judgments inherent in this analysis include the selection of appropriate royalty and discount rates and estimating the amount and timing of expected future cash flows. The discount rates used in the DCF analyses are intended to reflect the risks inherent in the expected future cash flows generated by the respective intangible assets. The royalty rates used in the DCF analyses are based upon an estimate of the royalty rates that a market participant would pay to license the Company’s trade names and trademarks. Assumptions used in the avoided royalty DCF analyses, including the discount rate and royalty rate, are assessed annually based on the actual and projected cash flows related to the asset, as well as macroeconomic and industry specific factors. The discount rates used in the Company’s annual indefinite-lived impairment assessment ranged from 11.5% to 15.0% in 2020 and 11.5% to 27.5% in 2019, and the royalty rates used ranged from 2.0% to 5.5% in 2020 and 1.5% to 5.5% in 2019.

The 2020, 2019 and 2018 annual assessments of goodwill and indefinite-lived intangible assets identified no impairments.

Long-Lived Assets and Intangible Assets with Definite Lives

Long-lived assets, which consist of ROU assets, capitalized software, leasehold improvements and equipment and intangible assets with definite lives, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. The carrying value of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. If the carrying value is deemed not to be recoverable, an impairment loss is recorded equal to the amount by which the carrying value of the long-lived asset exceeds its fair value. Amortization of definite-lived intangible assets is computed either on a straight-line basis or based on the pattern in which the economic benefits of the asset will be realized.

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 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.

Warranty Costs

As part of certain of our revenue arrangements, we include warranties providing customers with assurance on the quality of the services provided. Under our warranties, we incur costs to ensure the services performed are up to the customers standard and/or to reimburse for any claim for damages submitted in accordance with our warranty terms and conditions. These costs are recorded as a component of cost of revenue in the Consolidated Statement of Operations.

Advertising Costs

Advertising costs are expensed in the period incurred (when the advertisement first runs for production costs that are initially capitalized) and represent online marketing, including fees paid to search engines, offline marketing, which is primarily television advertising and partner-related payments to those who direct traffic to our platforms. Advertising expense was $487.6 million, $484.3 million and $334.7 million for the years ended December 31, 2020, 2019 and 2018, respectively.

Legal Costs

Legal costs are expensed as incurred.

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, the income tax provision and/or benefit has 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 Company accounts for income taxes under the liability method, and deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying values of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. A valuation allowance is provided if it is determined that it is more likely than not that the deferred tax asset will not be realized. The Company records interest, net of any applicable related income tax benefit, on potential income tax contingencies as a component of income tax expense.

The Company evaluates and accounts for uncertain tax positions using a two-step approach. Recognition (step one) occurs when the Company concludes that a tax position, based solely on its technical merits, is more-likely-than-not to be sustainable upon examination. Measurement (step two) determines the amount of benefit that is greater than 50% likely to be realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. De-recognition of a tax position that was previously recognized would occur when the Company subsequently determines that a tax position no longer meets the more-likely-than-not threshold of being sustained.

Earnings Per Share

Basic earnings per share is computed by dividing net earnings attributable to ANGI Homeservices Inc. shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflects the potential dilution that could occur if stock appreciation rights, stock options and other commitments to issue common stock were exercised or equity awards vested resulting in the issuance of common stock that could share in the earnings of the Company.

Foreign Currency Translation and Transaction Gains and Losses

The financial position and operating results of foreign entities whose primary economic environment is based on their local currency are consolidated using the local currency as the functional currency. These local currency assets and liabilities are translated at the rates of exchange as of the balance sheet date, and local currency revenue and expenses of these operations are translated at average rates of exchange during the period. Translation gains and losses are included in accumulated other comprehensive income (loss) as a component of shareholders’ equity. Transaction gains and losses resulting from assets and liabilities denominated in a currency other than the functional currency are included in the consolidated statement of operations as a component of other income (expense), net. Translation gains and losses relating to foreign entities that are liquidated or substantially liquidated are reclassified out of accumulated other comprehensive income (loss) into earnings.

Stock-Based Compensation

Stock-based compensation is measured at the grant date based on the fair value of the award and is expensed over the requisite service period. See “Note 11—Stock‑based Compensation” for a discussion of the Company’s stock-based compensation plans.

Redeemable Noncontrolling Interests

Noncontrolling interests in the consolidated subsidiaries of the Company are ordinarily reported on the consolidated balance sheet within shareholders’ equity, separately from the Company’s equity. However, securities that are redeemable at the option of the holder and not solely within the control of the issuer must be classified outside of shareholders’ equity. Accordingly, all noncontrolling interests that are redeemable at the option of the holder are presented outside of shareholders’ equity in the accompanying consolidated balance sheet.

In connection with the acquisition of certain subsidiaries, management of these businesses has retained an ownership interest. The Company is party to fair value put and call arrangements with respect to these interests. These put and call arrangements allow management of these businesses to require the Company to purchase their interests or allow the Company to acquire such interests at fair value, respectively. The put arrangements do not meet the definition of a derivative instrument as the put agreements do not provide for net settlement. These put and call arrangements become exercisable by the Company and the counter-party at various dates. During the year ended December 31, 2020, one of these arrangements was exercised. No put and call arrangements were exercised during the year ended December 31, 2019, and one of these arrangements was exercised during the year ended December 31, 2018. Because these put arrangements are exercisable by the counter-party outside the control of the Company, to the extent that the fair value of these interests exceeds the value determined by normal noncontrolling interest accounting, the value of such interests is adjusted to fair value with a corresponding adjustment to additional paid-in capital. During the years ended December 31, 2020, 2019 and 2018, the Company recorded adjustments of $1.6 million, $8.2 million and $1.2 million, respectively, to increase these interests to fair value. Fair value determinations require high levels of judgment and are based on various valuation techniques, including market comparables and discounted cash flow projections.

Certain Risks and Concentrations

The Company’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.

Financial instruments, which potentially subject the Company to concentration of credit risk, consist primarily of cash and cash equivalents and marketable debt securities. Cash and cash equivalents are maintained with financial institutions and are in excess of Federal Deposit Insurance Corporation insurance limits.

Recent Accounting Pronouncements

Accounting Pronouncements Adopted

Adoption of Accounting Standards Update (“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.

Accounting Pronouncements Not Yet Adopted

There are no recently issued accounting pronouncements that have not yet been adopted that are expected to have a material effect of the financial statement of the Company.

Reclassifications

Certain prior year amounts have been reclassified to conform to the current year presentation.

INCOME TAXES

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

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, the income tax benefit and/or provision has 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 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 and as financing activities within the statement of cash flows.

U.S. and foreign (loss) earnings before income taxes and noncontrolling interests are as follows:


	Years Ended December 31,
	2020		2019		2018
	(In thousands)
U.S.	$	(10,913)	$	39,821	$	82,652
Foreign	(8,415)		(6,175)		(12,628)
Total	$	(19,328)	$	33,646	$	70,024

The components of the income tax (benefit) provision are as follows:


	Years Ended December 31,
	2020		2019		2018
	(In thousands)
Current income tax provision:
Federal	$	(306)	$	(43)	$	—
State	1,408		819		(20)
Foreign	(992)		806		905
Current income tax provision	110		1,582		885

Deferred income tax benefit
Federal	(5,163)		(3,416)		(5,549)
State	(6,249)		517		(1,100)
Foreign	(3,866)		(351)		(1,719)
Deferred income tax benefit	(15,278)		(3,250)		(8,368)
Income tax benefit	$	(15,168)	$	(1,668)	$	(7,483)

The tax effects of cumulative temporary differences that give rise to significant deferred tax assets and deferred tax liabilities are presented below. The valuation allowance relates to deferred tax assets for which it is more likely than not that the tax benefit will not be realized.


	December 31,
	2020		2019
	(In thousands)
Deferred tax assets:
Net operating loss (“NOL”) carryforwards	$	182,449	$	158,727
Stock-based compensation	18,955		33,613
Long-term lease liabilities	29,314		32,642
Other	32,885		26,226
Total deferred tax assets	263,603		251,208
Less valuation allowance	(77,076)		(71,472)
Net deferred tax assets	186,527		179,736

Deferred tax liabilities:
Intangible assets	(47,858)		(63,900)
Right-of-use assets	(21,496)		(24,836)
Capitalized software, leasehold improvements and equipment	(16,152)		(12,377)
Capitalized costs to obtain a contract with a customer	(12,233)		(9,400)
Other	(4,338)		(83)
Total deferred tax liabilities	(102,077)		(110,596)
Net deferred tax assets	$	84,450	$	69,140

The portion of the December 31, 2020 deferred tax assets that will be payable to IAC pursuant to the tax sharing agreement, upon realization, is $88.0 million.

At December 31, 2020, the Company has federal and state NOLs of $431.5 million and $375.9 million, respectively, available to offset future income. Of these federal NOLs, $59.3 million can be carried forward indefinitely and $372.2 million, if not utilized, will expire at various times between 2030 and 2037. The state NOLs, if not utilized, will expire at various times primarily between 2025 and 2040. Federal and state NOLs of $166.1 million and $79.9 million, respectively, can be used against future taxable income without restriction and the remaining NOLs will be subject to limitations under Section 382 of the Internal Revenue Code, separate return limitations, and applicable state law. At December 31, 2020, the Company has foreign NOLs of $413.7 million available to offset future income. Of these foreign NOLs, $374.3 million can be carried forward indefinitely and $39.4 million, if not utilized, will expire at various times between 2022 and 2039. During 2020, the Company recognized tax benefits related to NOLs of $12.6 million.

At December 31, 2020, the Company has tax credit carryforwards of $16.6 million relating to federal and state tax credits for research activities. Of these credit carryforwards, $0.6 million can be carried forward indefinitely and $16.0 million, if not utilized, will expire between 2024 and 2040.

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. At December 31, 2020, the Company has a U.S. gross deferred tax asset of $176.4 million that the Company expects to fully utilize on a more likely than not basis.

During 2020, the Company’s valuation allowance increased by $5.6 million primarily due to an increase in foreign NOLs offset by a decrease in state NOLs. At December 31, 2020, the Company has a valuation allowance of $77.1 million related to the portion of NOLs and other items for which it is more likely than not that the tax benefit will not be realized.

A reconciliation of the income tax benefit to the amounts computed by applying the statutory federal income tax rate to earnings before income taxes is shown as follows:


	Years Ended December 31,
	2020		2019		2018
	(In thousands)
Income tax (benefit) provision at the federal statutory rate of 21%	$	(4,058)	$	7,066	$	14,705
State income taxes, net of effect of federal tax benefit	1,641		2,693		4,702
Deferred tax adjustment for enacted changes in tax law and rates	(5,244)		$	502	$	(1,431)
Change in judgement on beginning of the year valuation allowance	(3,544)		$	—	$	—
Stock-based compensation	(2,914)		(12,768)		(25,184)
Unbenefited losses	2,899		1,523		2,227
Research credit	(2,494)		(3,308)		(1,169)
Net adjustment related to the reconciliation of income tax provision accruals to tax returns	(743)		448		(1,669)
Other, net	(711)		2,176		336
Income tax benefit	$	(15,168)	$	(1,668)	$	(7,483)

A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest, is as follows:


	December 31,
	2020		2019		2018
	(In thousands)
Balance at January 1	$	4,025	$	2,356	$	1,548
Additions based on tax positions related to the current year	1,676		1,325		411
Additions for tax positions of prior years	423		344		397
Settlements	(856)		—		—
Balance at December 31	$	5,268	$	4,025	$	2,356

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 Company. The IRS began its audit of the year ended December 31, 2017 in the second quarter of 2020. The statute of limitations for the years 2010 through 2012 and for the years 2013 through 2017 have been extended to May 31, 2021 and December 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.

The Company recognizes interest and, if applicable, penalties related to unrecognized tax benefits in the income tax provision. At December 31, 2020, there are no accruals for interest and penalties. At December 31, 2019, accruals for interest are not material and there are no accruals for penalties.

At December 31, 2020 and 2019, unrecognized tax benefits, including interest, are $5.3 million and $4.1 million respectively; all of which are for tax positions included in IAC’s consolidated tax return filings. If unrecognized tax benefits at December 31, 2020 are subsequently recognized, the income tax provision would be reduced by $5.1 million. The comparable amount as of December 31, 2019 is $4.0 million. The Company believes that it is reasonably possible that its unrecognized tax benefits could decrease by $0.5 million by December 31, 2021, due to settlements, all of which would reduce the income tax provision.

At December 31, 2020, all of the Company’s international cash can be repatriated without any significant tax consequences.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

BUSINESS COMBINATIONS

12 Months Ended

Dec. 31, 2020

Business Combinations [Abstract]

BUSINESS COMBINATIONS

Handy Acquisition

On October 19, 2018, the Company acquired 100% of Handy, a leading platform for connecting individuals looking for household services, for total consideration of $168.4 million. This includes the aggregate fair value of 8.6 million shares of Class A common stock issued by the Company of $165.8 million, which was based on the closing stock price of ANGI on the NASDAQ on October 19, 2018 of $19.31 and cash consideration paid by the Company.

During 2019, the Company finalized its assessment of net operating losses acquired in the Handy acquisition. As a result, the Company revised the purchase price allocation for Handy by increasing the fair value of deferred tax assets by $27.2 million and decreasing goodwill by $27.2 million.

The financial results of Handy are included in the Company’s consolidated financial statements, within the North America segment, beginning October 19, 2018.

The table below summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition:


	Handy
	(In thousands)
Cash and cash equivalents	$	5,710
Other current assets	2,050
Goodwill	115,183
Intangible assets	38,800
Other non-current assets	8
Deferred income taxes	20,070
Total assets	181,821
Current liabilities	(13,419)
Net assets acquired	$	168,402

The purchase price was based on the expected financial performance of Handy, not on the value of the net identifiable assets at the time of acquisition. This resulted in a significant portion of the purchase price being attributed to goodwill because Handy is complementary and synergistic to the other North America businesses of ANGI Homeservices.

The fair values of the identifiable intangible assets acquired at the date of acquisition are as follows:


	Handy
	(In thousands)		Weighted-Average Useful Life (Years)
Indefinite-lived trade name and trademarks	$	18,800	Indefinite
Developed technology	15,600		4
User base	3,400		1
Retail partners	600		3
Service professionals	400		1
Total identifiable intangible assets acquired	$	38,800

Other current assets, other non-current assets and current liabilities of Handy were reviewed and adjusted to their fair values at the date of acquisition, as necessary. The fair values of the trade name and developed technology were determined using variations of the income approach; specifically, in respective order, the relief from royalty and excess earnings methodologies. The fair values of user base, retail partners, and service professionals were determined using a cost approach that utilized the cost to replace methodology. The valuations of the intangible assets incorporate significant unobservable inputs and require significant judgment and estimates, including the amount and timing of future cash flows and the determination of royalty and discount rates. The amount attributed to goodwill is not tax deductible.

GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

Goodwill and intangible assets, net are as follows:


	December 31,
	2020		2019
	(In thousands)
Goodwill	$	891,797	$	883,960
Intangible assets with indefinite lives	171,888		171,599
Intangible assets with definite lives, net of accumulated amortization	37,829		80,126
Total goodwill and intangible assets, net	$	1,101,514	$	1,135,685

The following table presents the balance of goodwill by reportable segment, including the changes in the carrying value of goodwill, for the year ended December 31, 2020:


	Balance at December 31, 2019		Additions		(Deductions)		Foreign Currency Translation		Balance at December 31, 2020
	(In thousands)
North America	$	813,417	$	2,665	$	—	$	225	$	816,307
Europe	70,543		—		—		4,947		75,490
Total goodwill	$	883,960	$	2,665	$	—	$	5,172	$	891,797

Additions relate to immaterial acquisition activity during the year (included in the North America segment).

The following table presents the balance of goodwill by reportable segment, including the changes in the carrying value of goodwill, for the year ended December 31, 2019:


	Balance at December 31, 2018		Additions		(Deductions)		Foreign Currency Translation		Balance at December 31, 2019
	(In thousands)
North America	$	824,037	$	18,326	$	(29,266)	$	320	$	813,417
Europe	70,672		—		—		(129)		70,543
Total goodwill	$	894,709	$	18,326	$	(29,266)	$	191	$	883,960

Additions relate to the acquisition of Fixd Repair (included in the North America segment). Deductions primarily relate to tax benefits of acquired attributes related to the acquisition of Handy (included in the North America segment).

Intangible assets with indefinite lives are trade names and trademarks acquired in various acquisitions. At December 31, 2020 and 2019, intangible assets with definite lives are as follows:


	December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Useful Life (Years)
	(Dollars in thousands)
Service professional relationships	$	97,160	$	(97,000)	$	160	3.0
Technology	83,468		(47,144)		36,324		5.5
Memberships	15,900		(15,900)		—		3.0
Customer lists and user base	800		(192)		608		8.0
Trade names	3,128		(2,391)		737		5.6
Total	$	200,456	$	(162,627)	$	37,829	4.1


	December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Useful Life (Years)
	(Dollars in thousands)
Service professional relationships	$	99,651	$	(76,445)	$	23,206	2.9
Technology	89,095		(37,721)		51,374		5.3
Memberships	15,900		(11,940)		3,960		3.0
Customer lists and user base	14,298		(13,590)		708		1.4
Trade names	2,390		(1,512)		878		6.8
Total	$	221,334	$	(141,208)	$	80,126	3.8

At December 31, 2020, amortization of intangible assets with definite lives for each of the next five years and thereafter is estimated to be as follows:


Years Ending December 31,	(In thousands)
2021	$	14,951
2022	13,964
2023	8,148
2024	190
2025	190
Thereafter	386
Total	$	37,829

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS

Marketable Debt Securities

At December 31, 2020, current available-for-sale marketable debt securities were as follows:


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(In thousands)
Treasury discount notes	$	49,995	$	—	$	—	$	49,995
Total available-for-sale marketable debt securities	$	49,995	$	—	$	—	$	49,995

The contractual maturities of debt securities classified as current available-for-sale at December 31, 2020 are within one year. The Company did not hold any available-for-sale marketable debt securities at December 31, 2019.

For the years ended December 31, 2020 and 2019, proceeds from maturities of available-for-sale marketable debt securities were $50.0 million and $25.0 million, respectively. There were no gross realized gains or losses from the maturities of available-for-sale marketable debt securities for the years ended December 31, 2020 and 2019.

Fair Value Measurements

The following tables present the Company’s financial instruments that are measured at fair value on a recurring basis:


	December 31, 2020
	Quoted Market Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value Measurements
	(In thousands)
Assets:
Cash equivalents:
Money market funds	$	374,014	$	—	$	—	$	374,014
Treasury discount notes	—		324,995		—		324,995
Time deposits	—		2,721		—		$	2,721
Marketable debt securities:
Treasury discount notes	—		49,995		—		49,995
Total	$	374,014	$	377,711	$	—	$	751,725


	December 31, 2019
	Quoted Market Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value Measurements
	(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

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:


	December 31, 2020				December 31, 2019
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(In thousands)
Current portion of long-term debt	$	—	$	—	$	(13,750)	$	(13,681)
Long-term debt, net(a)	(712,277)		(725,700)		(231,946)		(232,581)

_________________

(a) At December 31, 2020 and 2019, the carrying value of long-term debt, net includes unamortized debt issuance costs of $7.7 million and $1.8 million, respectively.

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

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

LONG-TERM DEBT

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

LONG-TERM DEBT

Long-term debt consists of:


	December 31,
	2020		2019
	(In thousands)
3.875% ANGI Group Senior Notes due August 15, 2028 (“Senior Notes”); interest payable each February 15 and August 15, commencing February 15, 2021	$	500,000	$	—
ANGI Group Term Loan due November 5, 2023	220,000		247,500
Total long-term debt	720,000		247,500
Less: current portion of Term Loan	—		13,750
Less: unamortized debt issuance costs	7,723		1,804
Total long-term debt, net	$	712,277	$	231,946

ANGI Group Senior Notes

On August 20, 2020, ANGI Group, LLC (“ANGI Group”), a direct, wholly-owned subsidiary of the Company, issued $500.0 million in aggregate principal amount of the Senior Notes, the proceeds of which are intended for general corporate purposes, including potential future acquisitions and return of capital. At any time prior to August 15, 2023, these notes may be redeemed at a redemption price equal to the sum of the principal amount thereof, plus accrued and unpaid interest and a make-whole premium. Thereafter, these notes may be redeemed at the redemption prices set forth below, plus accrued and unpaid interest thereon, if any, to the applicable redemption date, if redeemed during the twelve-month period beginning on August 15 of the years indicated below:


Year	Percentage
2023	101.938	%
2024	100.969	%
2025 and thereafter	100.000	%

The indenture governing the Senior Notes contains a covenant that would limit ANGI Group’s ability to incur liens for borrowed money in the event a default has occurred or ANGI Group’s secured leverage ratio (as defined in the indenture) exceeds 3.75 to 1.0. At December 31, 2020, there were no limitations pursuant thereto.

ANGI Group Term Loan and ANGI Group Revolving Facility

ANGI was a party to a credit agreement that terminates on November 5, 2021. The credit agreement governs the Term Loan and revolving credit facility (the “Revolving Facility”). On August 12, 2020, ANGI Group entered into a joinder agreement with the Company, the other subsidiaries of the Company that are party to the credit agreement, and each of the other loan parties to the credit agreement, pursuant to which ANGI Group became the successor borrower under the credit agreement (“ANGI Group Credit Agreement”) and ANGI Homeservices Inc.’s obligations thereunder were terminated. In addition, on August 12, 2020, the definition of “Permitted Unsecured Ratio Debt” in the credit agreement was amended to remove the requirement that guarantees of certain indebtedness of the borrower be subordinated to the guarantees under the credit agreement.

The outstanding balance of the ANGI Group Term Loan was $220 million and $247.5 million at December 31, 2020 and 2019, respectively. As of December 31, 2020, the Company prepaid its quarterly principal payments totaling of $13.8 million due in 2021. There are quarterly principal payments of $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 December 31, 2020 and 2019, the Term Loan bore interest at LIBOR plus 2.00% and LIBOR plus 1.50% respectively. The spread over LIBOR is subject to change in future periods based on ANGI Group’s consolidated net leverage ratio. The interest rate was 2.16% and 3.25%, at December 31, 2020 and 2019, respectively.

The ANGI Group Credit Agreement requires ANGI Group 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. The ANGI Group Credit Agreement also contains covenants that would limit ANGI Group’s ability to pay dividends or make distributions in the event a default has occurred or ANGI Group’s consolidated net leverage ratio exceeds 4.25 to 1.0. At December 31, 2020, there were no limitations pursuant thereto.

The $250.0 million ANGI Group Revolving Facility expires on November 5, 2023. At December 31, 2020 and 2019, there were no outstanding borrowings under the ANGI Group Revolving Facility. The annual commitment fee on undrawn funds is based on ANGI Group’s consolidated net leverage ratio most recently reported and was 35 basis points and 25 basis points at December 31, 2020 and 2019, respectively. Any future borrowings under the ANGI Group Revolving Facility would bear interest, at ANGI Group’s option, at either a base rate or LIBOR, in each case plus an applicable margin, which is based on ANGI Group’s consolidated net leverage ratio. The financial and other covenants are the same as those for the ANGI Group Term Loan.

The ANGI Group Senior Notes and ANGI Group Credit Agreement are guaranteed by certain of ANGI Group’s wholly-owned material domestic subsidiaries and ANGI Group’s obligations under the ANGI Group Credit Agreement are secured by substantially all assets of ANGI Group and the guarantors, subject to certain exceptions. The ANGI Group Term Loan and outstanding borrowings, if any, under the ANGI Group Revolving Facility rank equally with each other, and have priority over the ANGI Group Senior Notes to the extent of the value of the assets securing the borrowings under the ANGI Group Credit Agreement.

Long-term debt maturities:

Long-term debt maturities as of December 31, 2020 are summarized in the table below:


Years Ending December 31,	(In thousands)

2022	27,500
2023	192,500
2028	500,000
Total	720,000
Less: unamortized debt issuance costs	7,723
Total long-term debt, net	$	712,277

SHAREHOLDERS' EQUITY	12 Months Ended
SHAREHOLDERS' EQUITY	Dec. 31, 2020
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY	SHAREHOLDERS’ EQUITY Description of Class A Common Stock, Class B Convertible Common Stock and Class C Common Stock Except as described herein, shares of ANGI Homeservices Class A common stock, Class B common stock and Class C common stock are identical. Holders of Class A common stock are entitled to one vote per share on all matters to be voted upon by the stockholders. Holders of Class B common stock are entitled to ten votes per share on all matters to be voted upon by stockholders. Holders of Class C common stock have no voting rights, except as otherwise required by the laws of the State of Delaware, in which case holders of Class C common stock are entitled to one one-hundredth (1/100) of a vote per share. Holders of the Company’s Class A common stock, Class B common stock and Class C common stock do not have cumulative voting rights in the election of directors. Shares of ANGI Homeservices Class B common stock are convertible into shares of our Class A common stock at the option of the holder at any time on a share for share basis. Such conversion ratio will in all events be equitably preserved in the event of any recapitalization of ANGI Homeservices by means of a stock dividend on, or a stock split or combination of, our outstanding Class A common stock or Class B common stock, or in the event of any merger, consolidation or other reorganization of ANGI Homeservices with another corporation. Upon the conversion of a share of our Class B common stock into a share of our Class A common stock, the applicable share of Class B common stock will be retired and will not be subject to reissue. Shares of Class A common stock and Class C common stock have no conversion rights. The holders of shares of ANGI Homeservices Class A common stock, Class B common stock and Class C common stock are entitled to receive, share for share, such cash dividends as may be declared by ANGI Homeservices Board of Directors out of funds legally available therefor. In the event of a liquidation, dissolution or winding up, holders of the Company’s Class A common stock, Class B common stock and Class C common stock are entitled to receive ratably the assets available for distribution to the stockholders after payment of all liabilities and accrued but unpaid dividends and liquidation preferences on any outstanding preferred stock. At December 31, 2020, IAC holds all 421.9 million outstanding shares of the Company’s Class B common stock, which represents an 84.3% economic interest and 98.2% voting interest in the Company. In the event that ANGI Homeservices issues or proposes to issue any shares of ANGI Homeservices Class A common stock, Class B common stock or Class C common stock (with certain limited exceptions), including shares issued upon the exercise, conversion or exchange of options, warrants and convertible securities, IAC will generally have a purchase right that permits it to purchase for fair market value, as defined in the agreement, up to such number of shares of the same class as the issued shares as would (i) enable IAC to maintain the same ownership interest in the Company that it had immediately prior to such issuance or proposed issuance, with respect to issuances of our voting capital stock, or (ii) enable IAC to maintain ownership of at least 80.1% of each class of the Company’s non-voting capital stock, with respect to issuances of our non-voting capital stock. Reserved Common Shares In connection with equity compensation plans, 40.2 million shares of ANGI Homeservices common stock are reserved at December 31, 2020. Common Stock Repurchases On March 9, 2020 and February 6, 2019, the Board of Directors of ANGI Homeservices authorized the Company to repurchase up to 20 million and 15 million shares of its common stock, respectively. During the year ended December 31, 2020, the Company repurchased 8.4 million shares of ANGI common stock for aggregate consideration, on a trade date basis, of $62.6 million. At December 31, 2020, the Company has approximately 19.3 million shares remaining in its share repurchase authorization.

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Dec. 31, 2020

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following tables present the components of accumulated other comprehensive income (loss) income and items reclassified out of accumulated other comprehensive income (loss) income into earnings:


	Year Ended December 31, 2020
	Foreign Currency Translation Adjustment		Unrealized Gains On Available-For-Sale Debt Securities		Accumulated Other Comprehensive (Loss) Income
	(In thousands)
Balance at January 1	$	(1,379)	$	—	$	(1,379)
Other comprehensive income	6,016		—		6,016
Net current period other comprehensive income	6,016		—		6,016
Balance at December 31	$	4,637	$	—	$	4,637


	Year Ended December 31, 2019
	Foreign Currency Translation Adjustment		Unrealized Gains On Available-For-Sale Debt Securities		Accumulated Other Comprehensive (Loss) Income
	(In thousands)
Balance at January 1	$	(1,864)	$	3	$	(1,861)
Other comprehensive income (loss) before reclassifications	485		(3)		482

Net current period other comprehensive income (loss)	485		(3)		482
Balance at December 31	$	(1,379)	$	—	$	(1,379)


	Year Ended December 31, 2018
	Foreign Currency Translation Adjustment		Unrealized Gains On Available-For-Sale Debt Securities		Accumulated Other Comprehensive Income (Loss)
	(In thousands)
Balance at January 1	$	2,232	$	—	$	2,232
Other comprehensive (loss) income before reclassifications	(4,044)		3		(4,041)
Amounts reclassified to earnings	(52)		—		(52)
Net current period other comprehensive loss	(4,096)		3		(4,093)
Balance at December 31	$	(1,864)	$	3	$	(1,861)

The amounts reclassified out of foreign currency translation adjustment into earnings for the year ended December 31, 2018 relate to the liquidation of an international subsidiary.

At December 31, 2020, 2019 and 2018, there was no tax benefit or provision on the accumulated other comprehensive income (loss).

EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted (loss) earnings per share attributable to ANGI Homeservices shareholders:


	Years Ended December 31,
	2020				2019				2018
	Basic		Diluted		Basic		Diluted		Basic		Diluted
	(In thousands, except per share data)
Numerator:
Net (loss) earnings	$	(4,160)	$	(4,160)	$	35,314	$	35,314	$	77,507	$	77,507
Net earnings attributable to noncontrolling interests	(2,123)		(2,123)		(485)		(485)		(189)		(189)
Net (loss) earnings attributable to ANGI Homeservices Inc. shareholders	$	(6,283)	$	(6,283)	$	34,829	$	34,829	$	77,318	77,318

Denominator:
Weighted average basic shares outstanding	498,159		498,159		504,875		504,875		484,232		484,232
Dilutive securities (a)(b)(c)	—		—		—		13,044		—		29,365
Denominator for earnings per share—weighted average shares	498,159		498,159		504,875		517,919		484,232		513,597

(Loss) earnings per share attributable to ANGI Homeservices Inc. shareholders:
(Loss) earnings per share	$	(0.01)	$	(0.01)	$	0.07	$	0.07	$	0.16	$	0.15

________________________

(a) For the year ended December 31, 2020, the Company had a loss from operations and as a result, approximately 24.9 million potentially dilutive securities were excluded from computing dilutive earnings per share because the impact would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding were used to compute all earnings per share amounts.

(b) If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock appreciation rights, stock options and subsidiary denominated equity and vesting of restricted stock units (“RSUs”). For the years ended December 31, 2019 and 2018, 5.5 million, and 3.1 million potentially dilutive securities, respectively, are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

(c) Market-based awards and performance-based stock units are considered contingently issuable shares. Shares issuable upon exercise or vesting of market-based awards and performance-based stock units are included in the denominator for earnings per share if (i) the applicable performance or market condition(s) has been met and (ii) the inclusion of the market-based award and performance-based stock units is dilutive for the respective reporting periods. For the years ended December 31, 2019 and 2018, 0.9 million, and 1.3 million shares underlying market-based awards and performance-based stock units, respectively, were excluded from the calculation of diluted earnings per share because the performance or market condition(s) had not been met.

STOCK-BASED COMPENSATION

12 Months Ended

Dec. 31, 2020

Share-based Payment Arrangement [Abstract]

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATIONThe Company currently has one active stock plan, which became effective in 2017 upon the completion of the combination of IAC’s HomeAdvisor business and Angie’s List, Inc. on September 29, 2017 (the “Combination”). The 2017 plan covers stock options, stock appreciation rights and RSU awards, including those that are linked to the achievement of the Company’s stock price, known as market-based awards (“MSUs”) and those that are linked to the achievement of a performance target, known as performance-based awards (“PSUs”), denominated in shares of ANGI Homeservices common stock, as well as provides for the future grant of these and other equity awards. The 2017 plan authorizes the Company to grant awards to its employees, officers, directors and consultants. At December 31, 2020, there are 15.2 million shares available for grant under the 2017 plan.

The 2017 plan has a stated term of ten years, and provides that the exercise price of stock options and stock appreciation rights granted will not be less than the market price of the Company’s common stock on the grant date. The plan does not specify grant dates or vesting schedules for awards, as those determinations have been delegated to the Compensation Committee of ANGI Homeservices Board of Directors (the “Committee”). Each grant agreement reflects the grant date and vesting schedule for that particular grant as determined by the Committee. Stock options and stock appreciation rights granted subsequent to the Combination through December 31, 2018 generally vest in equal annual installments over a four-year period from the grant date. RSU awards granted subsequent to the Combination through December 31, 2020 generally vest either in two 50% installments over a three and four-year period or in equal annual installments over a four-year period, in each case, from the grant date. MSU awards granted subsequent to the Combination generally vest in five installments over a two-year period from the grant date. PSU awards granted subsequent to the Combination generally cliff vest in a two to five-year period from the grant date.

Stock-based compensation expense recognized in the consolidated statement of operations includes expense related to: (i) the Company’s stock options, stock appreciation rights and RSUs; (ii) equity instruments denominated in shares of its subsidiaries; and (iii) IAC denominated stock options and PSUs held by ANGI Homeservices employees. The amount of stock-based compensation expense recognized is net of estimated forfeitures. The forfeiture rate is estimated at the grant date based on historical experience and revised, if necessary, in subsequent periods if actual forfeitures differ from the estimated rate. The expense ultimately recorded is for the awards that vest. At December 31, 2020, there was $77.2 million of unrecognized compensation cost, net of estimated forfeitures, related to all equity-based awards, which is expected to be recognized over a weighted average period of approximately 2.2 years.

The total income tax benefit recognized in the accompanying consolidated statement of operations for the years ended December 31, 2020, 2019 and 2018 related to all stock-based compensation is $24.3 million, $28.8 million and $49.5 million, respectively.

The aggregate income tax benefit recognized related to the exercise of stock options and stock appreciation rights for the years ended December 31, 2020, 2019 and 2018 is $11.4 million, $27.9 million and $40.2 million, respectively. There may be some delay in the timing of the realization of the cash benefit of the income tax deductions related to stock-based compensation because it will be dependent upon the amount and timing of future taxable income and the timing of estimated income tax payments.

Stock Options and Stock Appreciation Rights

Stock options and stock appreciation rights outstanding at December 31, 2020 and changes during the year ended December 31, 2020 were as follows:


	December 31, 2020
	Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (In Years)	Aggregate Intrinsic Value
	(Shares and intrinsic value in thousands)
Outstanding at January 1, 2020	23,984	$	3.89
Granted	—	—
Exercised	(12,931)	3.18
Forfeited	(352)	6.16
Expired	(12)	15.03
Outstanding at December 31, 2020	10,689	$	4.67	5.68	$	92.08
Exercisable	8,944	$	4.59	5.59	$	77.97

The aggregate intrinsic value in the table above represents the difference between ANGI Homeservices closing stock price on the last trading day of 2020 and the exercise price, multiplied by the number of in-the-money awards that would have been

exercised had all award holders exercised their awards on December 31, 2020. The total intrinsic value of awards exercised during the years ended December 31, 2020, 2019 and 2018 is $120.9 million, $107.5 million and $151.2 million, respectively.

The following table summarizes the information about stock options and stock appreciation rights outstanding and exercisable at December 31, 2020:


	Awards Outstanding				Awards Exercisable
Range of Exercise Prices	Outstanding at December 31, 2020	Weighted average remaining contractual life in years	Weighted average exercise price		Exercisable at December 31, 2020	Weighted average remaining contractual life in years	Weighted average exercise price
	(Shares in thousands)
$0.01 to $3.00	2,864	4.9	$	2.29	2,864	4.9	$	2.29
$3.01 to $6.00	6,814	6.1	4.53		5,213	6.1	4.53
$6.01 to $9.00	106	4.0	8.04		106	4	8.04
$9.01 to $12.00	405	6.0	10.54		324	5.7	10.47
$12.01 to $15.00	369	5.5	12.94		306	5.3	12.98
$15.01 to $18.00	—	—	—		—	—	—
$18.01 to$21.00	115	2.2	19.88		115	2.2	19.88
$21.01 to $24.00	16	2.6	22.02		16	2.6	22.02
	10,689	5.7	$	4.67	8,944	5.6	$	4.59

There were no stock options or stock appreciation rights granted by the Company for the years ended December 31, 2020, 2019 or 2018.

In connection with the Combination, the previously issued HomeAdvisor (US) stock appreciation rights were converted into ANGI Homeservices’ equity awards resulting in a modification charge. Included in stock-based compensation expense in the years ended December 31, 2020, 2019 and 2018 were charges of $21.1 million, $29.0 million and $56.9 million, respectively, related to these modified awards, and the remaining charge of $0.9 million will be recognized over the remaining vesting period of the modified awards.

In connection with the departure of the president and chief operating officer in the fourth quarter of 2020, the Company recognized a modification charge of $6.8 million related to the acceleration of vesting of his unvested stock appreciation rights and the extension of the post-termination exercise period for his vested and exercisable stock appreciation rights.

In connection with the chief executive officer transition during the fourth quarter of 2018, the Company accelerated $3.9 million of expense into 2018 from 2019.

No cash was received from stock option exercises during the year ended December 31, 2020 because they were net settled in shares of ANGI Homeservices’ common stock. Cash received from stock option exercises was $0.6 million and $4.7 million for the years ended December 31, 2019 and 2018, respectively.

The Company currently settles all equity awards on a net basis. In connection with the Combination, previously issued stock appreciation rights related to the common stock of HomeAdvisor (US) were converted into ANGI stock appreciation rights that are settleable, at the Company’s option, on a net basis with the Company remitting withholding taxes on behalf of the employee or on a gross basis with the Company issuing a sufficient number of Class A shares to cover the withholding taxes. In addition, at IAC’s option, these awards can be settled in either Class A shares of ANGI or shares of IAC common stock. If settled in IAC common stock, ANGI reimburses IAC in either cash or through the issuance of Class A shares to IAC. Assuming all of the stock appreciation rights outstanding on December 31, 2020 were net settled on that date, ANGI would have issued 3.4 million Class A shares (either to award holders or to IAC as reimbursement) and ANGI would have remitted $45.2 million in cash for withholding taxes (assuming a 50% withholding rate). Assuming all other ANGI equity awards outstanding on December 31, 2020, were net settled on that date, including stock options, RSUs and subsidiary denominated equity described

below, ANGI would have issued 6.0 million shares and would have remitted $76.8 million in cash for withholding taxes (assuming a 50% withholding rate).

Restricted Stock Units, Market-based Stock Units and Performance-based Stock Units

RSUs, MSUs and PSUs are awards in the form of phantom shares or units denominated in a hypothetical equivalent number of shares of ANGI Homeservices common stock and with the value of each RSU and PSU equal to the fair value of ANGI Homeservices common stock at the date of grant. The value of each MSU is estimated using a lattice model that incorporates a Monte Carlo simulation of ANGI’s stock price. Each RSU, MSU and PSU grant is subject to service-based vesting, where a specific period of continued employment must pass before an award vests. MSUs also include market-based vesting, tied to the stock price of ANGI before an award vests and PSUs include performance-based vesting, where certain performance targets set at the time of grant must be achieved before an award vests. For RSU grants, the expense is measured at the grant date as the fair value of ANGI Homeservices common stock and expensed as stock-based compensation over the vesting term. For MSU grants, the expense is measured using a lattice model and expensed as stock-based compensation over the requisite service period. For PSU grants, the expense is measured at the grant date as the fair value of ANGI Homeservices common stock and expensed as stock-based compensation over the vesting term if the performance targets are considered probable of being achieved.

Unvested RSUs, MSUs and PSUs outstanding at December 31, 2020 and changes during the year ended December 31, 2020 are as follows:


	RSUs			MSUs			PSUs
	Number of Shares	Weighted Average Grant Date Fair Value		Number of Shares (a)	Weighted Average Grant Date Fair Value		Number of Shares (a)	Weighted Average Grant Date Fair Value
	(Shares in thousands)
Unvested at January 1, 2020	5,660	$	15.29	3,503	$	3.62	881	$	15.89
Granted	6,962	7.37		—	—		1,844	6.92
Vested	(2,128)	13.78		(738)	6.8		—	—
Forfeited	(934)	11.93		(269)	6.8		(767)	16.4
Unvested at December 31, 2020	9,560	$	10.19	2,496	$	7.82	1,958	$	5.11

___________________________

(a) Included in the table are MSUs and PSUs which vests in varying amounts depending upon certain market or performance conditions. The MSUs and PSUs in the table above includes these awards at their maximum potential payout.

In 2019, the Company granted certain MSUs that are liability-classified stock-settled awards with a market condition. The fair value of these awards is subject to remeasurement each reporting period until settlement of the award. The total expense related to these awards will ultimately be equal to the number of shares vested based on the fair value of ANGI Homeservices’ common stock on the settlement date.

The weighted average fair value of RSUs granted during the years ended December 31, 2020, 2019 and 2018 based on market prices of ANGI Homeservices’ common stock on the grant date was $7.37, $13.16 and $18.08, respectively. There were no MSUs granted during the year ended December 31, 2020. The weighted average fair value of MSUs granted during the year ended December 31, 2019 based on the lattice model was $3.67. The weighted average fair value of PSUs granted during the years ended December 31, 2020 and 2019 based on market prices of ANGI Homeservices’ common stock on the grant date was $6.92 and $15.93, respectively. There were no MSUs or PSUs granted or outstanding during the year ended December 31, 2018. The total fair value of RSUs that vested during the years ended December 31, 2020, 2019 and 2018 was $23.4 million, $16.1 million and $19.5 million, respectively. The total fair value of MSUs that vested during the years ended December 31, 2020 and 2019, was $5.2 million and $3.2 million, respectively. There were no PSUs that vested during the years ended December 31, 2020, 2019 and 2018.

In connection with the departure of the president and chief operating officer in the fourth quarter of 2020, the Company recognized a modification charge of $7.3 million related to the acceleration of vesting of his unvested RSUs.

Equity Instruments Denominated in the Shares of Certain Subsidiaries

ANGI Homeservices has granted stock appreciation rights denominated in the equity of certain non-publicly traded subsidiaries to employees and management of those subsidiaries. These equity awards vest over a period of years, which is typically four years. The value of the stock appreciation rights is tied to the value of the common stock of these subsidiaries, which is determined by the Company using a variety of valuation techniques including a combination of market based and discounted cash flow valuation methodologies. Accordingly, these interests only have value to the extent the relevant business appreciates in value above the initial value utilized to determine the exercise price. These interests can have significant value in the event of significant appreciation. The fair value of these interests is generally determined by negotiation or arbitration when settled, which will occur at various dates through 2026 and are ultimately settled in IAC common stock or ANGI Homeservices Class A common stock, at IAC’s election. These equity awards are settled on a net basis, with the award holder entitled to receive a payment in shares equal to the intrinsic value of the award at exercise less an amount equal to the required cash tax withholding payment. The expense associated with these equity awards is initially measured at fair value, using the Black-Scholes option pricing model, at the grant date and is expensed as stock-based compensation over the vesting term.

The plans under which these awards are granted establish specific settlement dates or liquidity events for which the valuation of the relevant subsidiary is determined for purposes of settlement of the awards.

SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

SEGMENT INFORMATION

The overall concept that ANGI 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 types of services or products offered or the target market.

The following table presents revenue by reportable segment:


	Years Ended December 31,
	2020		2019		2018
	(In thousands)
Revenue:
North America	$	1,395,428	$	1,249,892	$	1,062,171
Europe	72,497		76,313		70,070
Total	$	1,467,925	$	1,326,205	$	1,132,241

The following table presents the revenue of the Company’s segments disaggregated by type of service:


	Years Ended December 31,
	2020		2019		2018
	(In thousands)
North America
Marketplace:
Consumer connection revenue(a)	$	1,054,660	$	913,533	$	704,341
Service professional membership subscription revenue	50,975		63,872		66,214
Other revenue	25,685		15,263		3,940
Total Marketplace revenue	1,131,320		992,668		774,495
Advertising and other revenue(b)	264,108		257,224		287,676
Total North America revenue	1,395,428		1,249,892		1,062,171
Europe
Consumer connection revenue(c)	57,692		59,611		50,913
Service professional membership subscription revenue	13,091		14,231		17,362
Advertising and other revenue	1,714		2,471		1,795
Total Europe revenue	72,497		76,313		70,070
Total revenue	$	1,467,925	$	1,326,205	$	1,132,241

___________________________

(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, HomeStars and Felix. Felix was sold on December 31, 2018 and its revenue for the year ended December 31, 2018 was $36.9 million.

Revenue by geography is based on where the customer is located. Geographic information about revenue and long-lived assets is presented below:


	Years Ended December 31,
	2020		2019		2018
	(In thousands)
Revenue:
United States	$	1,379,236	$	1,234,755	$	1,050,641
All other countries	88,689		91,450		81,600
Total	$	1,467,925	$	1,326,205	$	1,132,241

The United States is the only country whose revenue is greater than 10% of total revenue of the Company for the years ended December 31, 2020, 2019 and 2018.


	December 31,
	2020		2019
	(In thousands)
Long-lived assets (excluding goodwill and intangible assets):
United States	$	97,841	$	95,822
All other countries	11,001		7,539
Total	$	108,842	$	103,361

The following tables present operating income (loss) and Adjusted EBITDA by reportable segment:


	Years Ended December 31,
	2020		2019		2018
	(In thousands)
Operating income (loss):
North America	$	4,811	$	48,967	$	78,102
Europe	(11,179)		(10,322)		(14,196)
Total	$	(6,368)	$	38,645	$	63,906


	Years Ended December 31,
	2020		2019		2018
	(In thousands)
Adjusted EBITDA(d):
North America	$	178,854	$	208,192	$	253,963
Europe	$	(6,050)	$	(5,895)	$	(6,457)

___________________________

(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 our performance and that of our competitors. The above items are excluded from our 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) for the Company’s reportable segments and net (loss) earnings attributable to ANGI Homeservices Inc. shareholders to Adjusted EBITDA:


	Year Ended December 31, 2020
	Operating Income (Loss)		Stock-Based Compensation Expense		Depreciation		Amortization of Intangibles		Adjusted EBITDA
	(In thousands)
North America	$	4,811	$	82,933	$	48,515	$	42,595	$	178,854
Europe	(11,179)		$	716	$	4,106	$	307	$	(6,050)
Operating (loss)	(6,368)
Interest expense	(14,178)

Other income, net	1,218
Earnings before income taxes	(19,328)
Income tax benefit	15,168
Net loss	(4,160)
Net earnings attributable to noncontrolling interests	(2,123)
Net loss attributable to ANGI Homeservices Inc. shareholders	$	(6,283)


	Year Ended December 31, 2019
	Operating Income (Loss)		Stock-Based Compensation Expense		Depreciation		Amortization of Intangibles		Adjusted EBITDA
	(In thousands)
North America	$	48,967	$	67,646	$	37,481	$	54,098	$	208,192
Europe	(10,322)		$	609	$	2,434	$	1,384	$	(5,895)
Operating income	38,645
Interest expense	(11,493)

Other income, net	6,494
Earnings before income taxes	33,646
Income tax benefit	1,668
Net earnings	35,314
Net earnings attributable to noncontrolling interests	(485)
Net earnings attributable to ANGI Homeservices Inc. shareholders	$	34,829


	Year Ended December 31, 2018
	Operating Income (Loss)		Stock-Based Compensation Expense		Depreciation		Amortization of Intangibles		Adjusted EBITDA
	(In thousands)
North America	$	78,102	$	96,078	$	21,888	$	57,895	$	253,963
Europe	(14,196)		$	1,000	$	2,422	$	4,317	$	(6,457)
Operating income	63,906
Interest expense	(11,623)

Other income, net	17,741
Earnings before income taxes	70,024
Income tax benefit	7,483
Net earnings	77,507
Net earnings attributable to noncontrolling interests	(189)
Net earnings attributable to ANGI Homeservices Inc. shareholders	$	77,318

The following table presents capital expenditures by reportable segment:


	Years Ended December 31,
	2020		2019		2018
	(In thousands)
Capital expenditures:
North America	$	50,462	$	64,215	$	42,976
Europe	2,026		4,589		4,000
Total	$	52,488	$	68,804	$	46,976

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

LEASES

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

LEASES

The Company leases office space, data center facilities and equipment in connection with its operations under various operating leases, the majority of which contain escalation clauses.

ROU assets represent the Company’s right to use the underlying assets for the lease term and lease liabilities represent the present value of the Company’s obligation to make payments arising from these leases. ROU assets and related lease liabilities are based on the present value of fixed lease payments over the lease term using the Company’s incremental borrowing rate on the lease commencement date or January 1, 2019 for leases that commenced prior to that date. The Company combines the lease and non-lease components of lease payments in determining ROU assets and related lease liabilities. If the lease includes one or more options to extend the term of the lease, the renewal option is considered in the lease term if it is reasonably certain the Company will exercise the option(s). Lease expense is recognized on a straight-line basis over the term of the lease. As permitted by ASC 842, leases with an initial term of twelve months or less (“short-term leases”) are not recorded on the accompanying consolidated balance sheet.

Variable lease payments consist primarily of common area maintenance, utilities and taxes, which are not included in the recognition of ROU assets and related lease liabilities. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.


		December 31,
Leases	Balance Sheet Classification	2020		2019
		(In thousands)
Assets:
Right-of-use assets	Other non-current assets	$	87,559	$	101,243

Liabilities:
Current lease liabilities	Accrued expenses and other current liabilities	15,700		13,234
Long-term lease liabilities	Other long-term liabilities	103,575		119,375
Total lease liabilities		$	119,275	$	132,609


		December 31,
Lease Cost	Income Statement Classification	2020		2019
		(In thousands)
Fixed lease cost	Cost of revenue	$	321	$	207
Fixed lease cost	Selling and marketing expense	9,913		9,277
Fixed lease cost	General and administrative expense	7,545		7,617
Fixed lease cost	Product development expense	1,848		1,456
Total fixed lease cost(a)		19,627		18,557
Variable lease cost	Cost of revenue	—		—
Variable lease cost	Selling and marketing expense	2,314		1,572
Variable lease cost	General and administrative expense	1,567		1,021
Variable lease cost	Product development expense	867		308
Total variable lease cost		4,748		2,901
Net lease cost		$	24,375	$	21,458

________________________________

(a) Includes $0.04 million and $0.6 million of short-term lease cost and $1.8 million and $1.4 million of sublease income for the years ended December 31, 2020 and 2019, respectively.

Maturities of lease liabilities as of December 31, 2020(b):


For Years Ending December 31:	(In thousands)
2021	$	22,321
2022	21,514
2023	20,512
2024	19,994
2025	19,193
Thereafter	43,376
Total	146,910
Less: Interest	27,635
Present value of lease liabilities	$	119,275

________________________________

(b) Lease payments exclude $0.1 million of legally binding minimum lease payments for leases signed but not yet commenced.

The following are the weighted average assumptions used for lease terms and discount rates as of December 31, 2020 and 2019:


	December 31,
	2020		2019
Remaining lease term	6.9 years		7.7 years
Discount rate	5.91	%	5.99	%


	December 31,
	2020		2019
	(In thousands)
Other information:
Right-of-use assets obtained in exchange for lease liabilities	$	326	$	58,701
Cash paid for amounts included in the measurement of lease liabilities	$	20,939	$	18,363

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

Commitments

The Company has entered into certain off-balance sheet commitments that require the future purchase of services (“purchase obligations”). Future payments under non-cancelable unconditional purchase obligations as of December 31, 2020 are as follows:


	Amount of Commitment Expiration Per Period
	Less Than 1 Year		1–3 Years		3–5 Years		More Than 5 Years		Total
	(In thousands)
Purchase obligations	$	12,916	$	22	$	—	$	—	$	12,938

Purchase obligations include (i) a remaining minimum payment of $5.6 million that is due in 2021 under the Company’s allocable share of a three-year cloud computing arrangement, and (ii) payments of $7.3 million related to advertising commitments to be made in 2021. The Company has an allocable share of a three-year cloud computing arrangement between IAC and a third party provider of $15.6 million, of which $3.2 million and $5.6 million was paid in 2020 and 2019, respectively, and the Company had a related prepaid asset of $4.2 million and $4.3 million at December 31, 2020 and 2019, respectively, which is included in “Other current assets” on the consolidated balance sheet.

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 we believe an unfavorable outcome is not probable and, therefore, no reserve is established. Although management currently believes that resolving claims against us, 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 3—Income Taxes” for additional information related to income tax contingencies.

RELATED PARTY TRANSACTIONS WITH IAC	12 Months Ended
RELATED PARTY TRANSACTIONS WITH IAC	Dec. 31, 2020
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS WITH IAC	RELATED PARTY TRANSACTIONS WITH IAC Relationship with IAC ANGI Homeservices and IAC have entered into certain agreements to govern their relationship. These agreements include: a contribution agreement; an investor rights agreement; a services agreement; a tax sharing agreement; and an employee matters agreement. On October 10, 2018, ANGI issued 5.1 million shares of its Class B common stock to IAC pursuant to the post-closing adjustment provision of the Angie's List merger agreement. Contribution Agreement The contribution agreement sets forth the agreements between the Company and IAC regarding the principal transactions necessary for IAC to separate the HomeAdvisor business from IAC's other businesses and to cause the HomeAdvisor business to be transferred to ANGI Homeservices prior to the Combination, as well as governs certain aspects of our relationship following the Combination. Under the contribution agreement, the Company agreed to assume all of the assets and liabilities related to the HomeAdvisor business and agreed to indemnify IAC against any losses arising out of any breach by the Company of the contribution agreement or the other transaction related agreements described below. IAC also agreed to indemnify the Company against losses arising out of any breach by IAC of the contribution agreement or any of the other transaction related agreements described below. Investor Rights Agreement The investor rights agreement provides IAC with certain registration, preemptive and governance rights related to the Company and the shares of its capital stock it holds, as well as certain governance rights for the benefit of stockholders other than IAC. Services Agreement The services agreement governs services that IAC provides to the Company including, among others: (i) assistance with certain legal, M&A, human resources, finance, risk management, internal audit and treasury functions, health and welfare benefits, information security services and insurance and tax affairs, including assistance with certain public company and unclaimed property reporting obligations; (ii) accounting, controllership and payroll processing services; (iii) investor relations services; (iv) tax compliance services; and (v) such other services as to which IAC and the Company may agree. The services agreement automatically renews annually for an additional one-year period for so long as IAC continues to own a majority of the outstanding shares of the Company’s common stock. For the years ended December 31, 2020, 2019 and 2018, the Company was charged $4.8 million, $4.8 million and $5.7 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 December 31, 2020 and 2019, respectively. At December 31, 2018, the Company had an outstanding receivable due from IAC of $0.1 million pursuant to the services agreement. This amount was deducted from the charges due to IAC pursuant to the services agreement discussed above during the first quarter of 2019. Separately, the Company subleases office space to IAC and charged rent of $1.8 million and $1.4 million for the years ended December 31, 2020 and 2019, respectively. There were no amounts charged pursuant to subleases for office space to IAC for the year ended December 31, 2018. At both December 31, 2020 and 2019, there were outstanding receivables of less than $0.1 million due from IAC pursuant to sublease agreements, which were subsequently paid in full in the first quarter of 2021 and 2020, respectively. Tax Sharing Agreement The tax sharing agreement governs the rights, responsibilities, and obligations of the Company and IAC with respect to tax liabilities and benefits, entitlements to refunds, preparation of tax returns, tax contests and other tax matters regarding U.S. federal, state, local and foreign income taxes. Under the tax sharing agreement, the Company is generally responsible and required to indemnify IAC for: (i) all taxes imposed with respect to any consolidated, combined or unitary tax return of IAC or its subsidiaries that includes the Company or any of its subsidiaries to the extent attributable to the Company or any of its subsidiaries, as determined under the tax sharing agreement, and (ii) all taxes imposed with respect to any of the Company's or its subsidiaries’ consolidated, combined, unitary or separate tax returns. At December 31, 2020 and 2019, the Company had outstanding payables of $0.9 million and $0.2 million, respectively, due to IAC pursuant to the tax sharing agreement, which is 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 twelve months ended December 31, 2020. During the first quarter of 2019, $11.4 million was paid to IAC, pursuant to this agreement. Employee Matters Agreement The employee matters agreement addresses certain compensation (including stock-based compensation) and benefit issues related to the allocation of liabilities associated with: (i) employment or termination of employment, (ii) employee benefit plans and (iii) equity awards. Under the employee matters agreement, the Company's employees participate in IAC’s U.S. health and welfare plans, 401(k) plan and flexible benefits plan and the Company reimburses IAC for the costs of such participation. In the event IAC no longer retains shares representing at least 80% of the aggregate voting power of shares entitled to vote in the election of the Company’s Board of Directors, ANGI Homeservices will no longer participate in IAC’s employee benefit plans, but will establish its own employee benefit plans that will be substantially similar to the plans sponsored by IAC prior to the Combination. In addition, the employee matters agreement requires the Company to reimburse IAC for the cost of any IAC equity awards held by ANGI Homeservices current and former employees, with IAC electing to receive payment in cash or shares of our Class B common stock. This agreement also provides that IAC may require stock appreciation rights granted prior to the closing of the Combination and equity awards in our subsidiaries to be settled in either shares of our Class A common stock or IAC common stock. To the extent shares of IAC common stock are issued in settlement of these awards, the Company is obligated to reimburse IAC for the cost of those shares by issuing shares of our Class A common stock in the case of stock appreciation rights granted prior to the closing of the Combination and shares of our Class B common stock in the case of equity awards in our subsidiaries. Lastly, pursuant to the employee matters agreement, in the event of a distribution of ANGI capital stock to IAC stockholders in a transaction intended to qualify as tax-free for U.S. federal income tax purposes, the Compensation Committee of the IAC Board of Directors has the exclusive authority to determine the treatment of outstanding IAC equity awards. Such authority includes (but is not limited to) the ability to convert all or part of IAC equity awards outstanding immediately prior to the distribution into equity awards denominated in shares of ANGI Class A Common Stock, which ANGI would be obligated to assume and which would be dilutive to ANGI's stockholders. For the years ended December 31, 2020, 2019 and 2018, 0.3 million, 0.5 million and 0.9 million shares of ANGI Homeservices Class B common stock were issued to IAC, respectively, 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.

BENEFIT PLANS	12 Months Ended
BENEFIT PLANS	Dec. 31, 2020
Retirement Benefits [Abstract]
BENEFIT PLANS	BENEFIT PLANSThe Company’s employees in the United States are eligible to participate in a retirement savings program offered by IAC, which is qualified under Section 401(k) of the Internal Revenue Code. Under the IAC/InterActiveCorp Retirement Savings Plan (the “IAC Plan”), participating employees may contribute up to 50% of their pre-tax earnings, but not more than statutory limits. The current employer match under the IAC Plan is fifty cents for each dollar a participant contributes in the IAC Plan, with a maximum contribution of 3% of a participant’s eligible earnings. Matching contributions under the IAC Plan for the years ended December 31, 2020, 2019 and 2018 were $7.7 million, $6.3 million and $5.6 million, respectively. Matching contributions are invested in the same manner as each participant’s voluntary contributions in the investment options provided under the IAC Plan. An investment option in the IAC Plan is IAC common stock, but neither participant nor matching contributions are required to be invested in IAC common stock. Internationally, the Company also has or participates in various benefit plans, primarily defined contribution plans. The Company’s contributions for these plans for the years ended December 31, 2020, 2019 and 2018 were $0.6 million, $0.5 million, and $0.4 million, respectively.

CONSOLIDATED FINANCIAL STATEMENT DETAILS

12 Months Ended

Dec. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

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:


	December 31, 2020		December 31, 2019
	(In thousands)
Cash and cash equivalents	$	812,705	$	390,565
Restricted cash included in other current assets	407		504
Restricted cash included in other non-current assets	449		409
Total cash and cash equivalents and restricted cash as shown on the consolidated statement of cash flows	$	813,561	$	391,478

Restricted cash included in other current assets at December 31, 2020 primarily consists of cash received from customers at ANGI through the Handy platform, representing funds collected for payment to service providers, which were not settled as of the period end. Restricted cash included in other current assets at December 31, 2019 primarily consists of a deposit related to corporate credit cards.

Restricted cash included in other non-current assets at December 31, 2020 and 2019 consists of deposits related to leases.


	December 31,
	2020		2019
	(In thousands)
Other current assets:
Capitalized costs to obtain a contract with a customer	$	49,194	$	35,103

Prepaid expenses	17,742		21,790
Other	5,022		10,866
Other current assets	$	71,958	$	67,759


	December 31,
	2020		2019
	(In thousands)
Capitalized software, leasehold improvements and equipment, net:
Capitalized software and computer equipment	$	132,026	$	105,956
Leasehold improvements	31,864		32,559
Furniture and other equipment	13,252		13,435
Projects in progress	27,138		19,638
Capitalized software, leasehold improvements and equipment	204,280		171,588
Accumulated depreciation and amortization	(95,438)		(68,227)
Capitalized software, leasehold improvements and equipment, net	$	108,842	$	103,361


	December 31,
	2020		2019
	(In thousands)
Accrued expenses and other current liabilities:
Accrued advertising expense	$	30,033	$	29,682
Accrued employee compensation and benefits	47,310		28,630
Current lease liabilities	15,700		13,234
Other	55,176		45,451
Accrued expenses and other current liabilities	$	148,219	$	116,997


	Years Ended December 31,
	2020		2019		2018
	(In thousands)
Other income, net	$	1,218	$	6,494	$	17,741

Other income, net in 2020 principally includes interest income of $1.7 million, offset by other expense of $0.5 million.

Other income, net in 2019 includes interest income of $8.0 million and net foreign currency exchange gains of $0.6 million, partially offset by a $1.8 million mark-to-market charge for an indemnification claim related to the Handy acquisition that will be settled in ANGI shares held in escrow.

Other income, net in 2018 includes a gain of $13.2 million related to the sale of Felix and interest income of $4.8 million.

Supplemental Disclosure of Non-Cash Transactions:

On October 19, 2018, ANGI issued 8.6 million shares of its Class A common stock valued at $165.8 million in connection with the acquisition of Handy.

On October 10, 2018, ANGI issued 5.1 million shares of its Class B common stock to IAC pursuant to the post-closing adjustment provision of the Angie’s List merger agreement.

Supplemental Disclosure of Cash Flow Information:


	Years Ended December 31,
	2020		2019		2018
	(In thousands)
Cash paid (received) during the year for:
Interest expense—third-party	$	5,367	$	10,290	$	12,148
Interest expense—related party	—		54		155
Income tax payments, including amounts paid to IAC for ANGI Homeservices' share of IAC's consolidated tax liability	1,789		12,224		332
Income tax refunds, including amounts received from IAC for ANGI Homeservices' share of IAC's consolidated tax liability	(3,506)		(957)		(172)

QUARTERLY RESULTS (UNAUDITED)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY RESULTS (UNAUDITED)


	Quarter Ended March 31 (a)		Quarter Ended June 30 (a)		Quarter Ended September 30 (a)		Quarter Ended December 31(a)
	(In thousands, except per share data)
Year Ended December 31, 2020
Revenue	$	343,650	$	375,061	$	389,913	$	359,301
Cost of revenue	33,229		41,042		48,253		50,757
Operating (loss) income	(16,296)		17,644		(3,019)		(4,697)
Net (loss) earnings	(9,184)		13,211		5,203		(13,390)
Net (loss) earnings attributable to ANGI Homeservices Inc. shareholders	(8,958)		12,667		4,472		(14,464)
Per share information attributable to ANGI Homeservices Inc. shareholders:
Basic (loss) earnings per share(c)	$	(0.02)	$	0.03	$	0.01	$	(0.03)
Diluted (loss) earnings per share(c)	$	(0.02)	$	0.02	$	0.01	$	(0.03)

	Quarter Ended March 31 (b)		Quarter Ended June 30 (b)		Quarter Ended September 30 (b)		Quarter Ended December 31 (b)
	(In thousands, except per share data)
Year Ended December 31, 2019
Revenue	$	303,443	$	343,896	$	357,358	$	321,508
Cost of revenue	10,011		10,722		13,312		12,448
Operating (loss) income	(3,641)		11,403		24,726		6,157
Net earnings (loss)	9,851		7,234		18,324		(95)
Net earnings (loss) attributable to ANGI Homeservices Inc. shareholders	9,969		6,968		17,999		(107)
Per share information attributable to ANGI Homeservices Inc. shareholders:
Basic earnings (loss) per share(c)	$	0.02	$	0.01	$	0.04	$	(0.00)
Diluted earnings (loss) per share(c)	$	0.02	$	0.01	$	0.04	$	(0.00)

_________________________________________________________________________

(a) The first, second, third and fourth quarters of 2020 include after-tax stock-based compensation expense of $8.8 million, $2.6 million, $4.0 million, and $1.5 million, respectively, related to the modification of previously issued HomeAdvisor equity awards and previously issued Angie’s List equity awards, both of which were converted into ANGI Homeservices’ equity awards in the Combination.

(b) The first, second, third and fourth quarters of 2019 include after-tax stock-based compensation expense of $7.3 million, $6.2 million, $5.7 million, and $5.6 million, respectively, related to the modification of previously issued HomeAdvisor equity awards and previously issued Angie’s List equity awards, both of which were converted into ANGI Homeservices’ equity awards in the Combination.

(c) Quarterly per share amounts may not add to the related annual per share amount because of differences in the average common shares outstanding during each period.

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2020

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

Schedule II

ANGI HOMESERVICES INC. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS


Description	Balance at Beginning of Period		Charges to Earnings			Charges to Other Accounts			Deductions			Balance at End of Period
	(In thousands)
2020
Credit loss reserves	$	19,066	$	78,229	(a)	$	(152)		$	(71,097)	(c)	$	26,046
Revenue reserves	1,227		103,627		(b)	—			(103,061)		(d)	1,793
Deferred tax valuation allowance	71,472		(235)		(e)	5,839		(f)	—			77,076
Other reserves	5,057											7,495

2019
Credit loss reserves	$	15,622	$	64,278	(a)	$	(46)		$	(60,788)	(c)	$	19,066
Revenue reserves	981		111,069		(b)	(2)			(110,821)		(d)	1,227
Deferred tax valuation allowance	58,903		14,083		(g)	(1,514)		(f)	—			71,472
Other reserves	3,919											5,057

2018
Credit loss reserves	$	8,375	$	47,242	(a)	$	(501)		$	(39,494)	(c)	$	15,622
Revenue reserves	888		86,901		(b)	(5)			(86,803)		(d)	981
Deferred tax valuation allowance	61,563		(599)		(h)	(2,061)		(f)	—			58,903
Other reserves	—											3,919

_________________________________________________________

(a) Additions to the credit loss reserve are charged to expense.

(b) Additions to the revenue reserves are charged against revenue.

(d) Write-off of revenue reserve as credits are granted to service professionals

(e) Amount is primarily related to an increase in foreign NOLs largely offset by a decrease in state NOLs.

(f) Amount is primarily related to currency translation adjustments on foreign NOLs.

(g) Amount is primarily related to foreign and state NOLs.

(h) Amount is primarily related to state NOLs.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Basis of Presentation and Consolidation

Accounting Estimates

amounts of assets, liabilities, revenue and expenses and the related disclosure of contingent assets and liabilities. Actual results could differ from these estimates.

Revenue Recognition

The Company’s disaggregated revenue disclosures are presented in “Note 12—Segment Information.”

Transaction Price

Arrangements with Multiple Performance Obligations

Assets Recognized from the Costs to Obtain a Contract with a Customer

Performance Obligations

Accounts Receivables, Net of Credit Loss and Revenue Reserves

Credit Losses and Revenue Reserve

The following table presents the changes in the credit loss reserve for the year ended December 31, 2020:


	December 31, 2020
	(In thousands)
Balance at January 1	$	19,066
Current period provision for credit losses	78,229
Write-offs charged against the credit loss reserve	(73,682)
Recoveries collected	2,433
Balance at December 31	$	26,046

Deferred Revenue

Cash and Cash Equivalents

Cash and Cash EquivalentsCash and cash equivalents include cash and short-term investments, with maturities of less than 91 days from the date of purchase. Domestically, cash equivalents consist of AAA rated government money market funds, treasury discount notes, commercial paper, time deposits and certificates of deposit.

Investment in Marketable Debt Securities

Investments in Marketable Debt Securities

Capitalized Software, Leasehold Improvements and Equipment


Asset Category						Estimated Useful Lives
Capitalized software and computer equipment						2 to 3 Years
Furniture and other equipment						5 to 7 Years
Leasehold improvements						5 to 25 Years

Business Combinations

Goodwill and Indefinite-Lived Intangible Assets

Long-Lived Assets and Intangible Assets with Definite Lives

Fair Value Measurements

•Level 1: Observable inputs obtained from independent sources, such as quoted market prices for identical assets and liabilities in active markets.

Warranty Costs

Advertising Costs

Advertising CostsAdvertising costs are expensed in the period incurred (when the advertisement first runs for production costs that are initially capitalized) and represent online marketing, including fees paid to search engines, offline marketing, which is primarily television advertising and partner-related payments to those who direct traffic to our platforms.

Legal Costs

Legal costs are expensed as incurred.

Income Taxes

Earnings Per Share

Foreign Currency Translation and Transaction Gains and Losses

Stock-Based Compensation

Stock-Based CompensationStock-based compensation is measured at the grant date based on the fair value of the award and is expensed over the requisite service period.

Redeemable Noncontrolling Interests

Certain Risks and Concentrations

Recent Accounting Pronouncements

Accounting Pronouncements Adopted

Adoption of Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments

Adoption of ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes

Accounting Pronouncements Not Yet Adopted

There are no recently issued accounting pronouncements that have not yet been adopted that are expected to have a material effect of the financial statement of the Company.

Reclassifications

Certain prior year amounts have been reclassified to conform to the current year presentation.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Schedule of Changes in the Allowance for Credit Losses

The following table presents the changes in the credit loss reserve for the year ended December 31, 2020:


	December 31, 2020
	(In thousands)
Balance at January 1	$	19,066
Current period provision for credit losses	78,229
Write-offs charged against the credit loss reserve	(73,682)
Recoveries collected	2,433
Balance at December 31	$	26,046

Schedule of Estimated Useful Lives of Property and Equipment

Depreciation is computed using the straight-line method over the estimated useful lives of the assets, or, in the case of leasehold improvements, the lease term, if shorter.


Asset Category						Estimated Useful Lives
Capitalized software and computer equipment						2 to 3 Years
Furniture and other equipment						5 to 7 Years
Leasehold improvements						5 to 25 Years


	December 31,
	2020		2019
	(In thousands)
Capitalized software, leasehold improvements and equipment, net:
Capitalized software and computer equipment	$	132,026	$	105,956
Leasehold improvements	31,864		32,559
Furniture and other equipment	13,252		13,435
Projects in progress	27,138		19,638
Capitalized software, leasehold improvements and equipment	204,280		171,588
Accumulated depreciation and amortization	(95,438)		(68,227)
Capitalized software, leasehold improvements and equipment, net	$	108,842	$	103,361

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Taxes

U.S. and foreign (loss) earnings before income taxes and noncontrolling interests are as follows:


	Years Ended December 31,
	2020		2019		2018
	(In thousands)
U.S.	$	(10,913)	$	39,821	$	82,652
Foreign	(8,415)		(6,175)		(12,628)
Total	$	(19,328)	$	33,646	$	70,024

Schedule of Components of Income Tax Expense (Benefit)

The components of the income tax (benefit) provision are as follows:


	Years Ended December 31,
	2020		2019		2018
	(In thousands)
Current income tax provision:
Federal	$	(306)	$	(43)	$	—
State	1,408		819		(20)
Foreign	(992)		806		905
Current income tax provision	110		1,582		885

Deferred income tax benefit
Federal	(5,163)		(3,416)		(5,549)
State	(6,249)		517		(1,100)
Foreign	(3,866)		(351)		(1,719)
Deferred income tax benefit	(15,278)		(3,250)		(8,368)
Income tax benefit	$	(15,168)	$	(1,668)	$	(7,483)

Schedule of Deferred Tax Assets and Liabilities


	December 31,
	2020		2019
	(In thousands)
Deferred tax assets:
Net operating loss (“NOL”) carryforwards	$	182,449	$	158,727
Stock-based compensation	18,955		33,613
Long-term lease liabilities	29,314		32,642
Other	32,885		26,226
Total deferred tax assets	263,603		251,208
Less valuation allowance	(77,076)		(71,472)
Net deferred tax assets	186,527		179,736

Deferred tax liabilities:
Intangible assets	(47,858)		(63,900)
Right-of-use assets	(21,496)		(24,836)
Capitalized software, leasehold improvements and equipment	(16,152)		(12,377)
Capitalized costs to obtain a contract with a customer	(12,233)		(9,400)
Other	(4,338)		(83)
Total deferred tax liabilities	(102,077)		(110,596)
Net deferred tax assets	$	84,450	$	69,140

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the income tax benefit to the amounts computed by applying the statutory federal income tax rate to earnings before income taxes is shown as follows:


	Years Ended December 31,
	2020		2019		2018
	(In thousands)
Income tax (benefit) provision at the federal statutory rate of 21%	$	(4,058)	$	7,066	$	14,705
State income taxes, net of effect of federal tax benefit	1,641		2,693		4,702
Deferred tax adjustment for enacted changes in tax law and rates	(5,244)		$	502	$	(1,431)
Change in judgement on beginning of the year valuation allowance	(3,544)		$	—	$	—
Stock-based compensation	(2,914)		(12,768)		(25,184)
Unbenefited losses	2,899		1,523		2,227
Research credit	(2,494)		(3,308)		(1,169)
Net adjustment related to the reconciliation of income tax provision accruals to tax returns	(743)		448		(1,669)
Other, net	(711)		2,176		336
Income tax benefit	$	(15,168)	$	(1,668)	$	(7,483)

Schedule of Income Tax Contingencies

A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest, is as follows:


	December 31,
	2020		2019		2018
	(In thousands)
Balance at January 1	$	4,025	$	2,356	$	1,548
Additions based on tax positions related to the current year	1,676		1,325		411
Additions for tax positions of prior years	423		344		397
Settlements	(856)		—		—
Balance at December 31	$	5,268	$	4,025	$	2,356

BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 31, 2020

Business Combinations [Abstract]

Schedule of Preliminary Estimated Fair Value of Assets Acquired and Liabilities Assumed

The table below summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition:


	Handy
	(In thousands)
Cash and cash equivalents	$	5,710
Other current assets	2,050
Goodwill	115,183
Intangible assets	38,800
Other non-current assets	8
Deferred income taxes	20,070
Total assets	181,821
Current liabilities	(13,419)
Net assets acquired	$	168,402

Schedule of Preliminary Estimated Fair Value of Intangible Assets Acquired

The fair values of the identifiable intangible assets acquired at the date of acquisition are as follows:


	Handy
	(In thousands)		Weighted-Average Useful Life (Years)
Indefinite-lived trade name and trademarks	$	18,800	Indefinite
Developed technology	15,600		4
User base	3,400		1
Retail partners	600		3
Service professionals	400		1
Total identifiable intangible assets acquired	$	38,800

GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Intangible Assets, Net

Goodwill and intangible assets, net are as follows:


	December 31,
	2020		2019
	(In thousands)
Goodwill	$	891,797	$	883,960
Intangible assets with indefinite lives	171,888		171,599
Intangible assets with definite lives, net of accumulated amortization	37,829		80,126
Total goodwill and intangible assets, net	$	1,101,514	$	1,135,685

Schedule of Goodwill by Reporting Unit

The following table presents the balance of goodwill by reportable segment, including the changes in the carrying value of goodwill, for the year ended December 31, 2020:


	Balance at December 31, 2019		Additions		(Deductions)		Foreign Currency Translation		Balance at December 31, 2020
	(In thousands)
North America	$	813,417	$	2,665	$	—	$	225	$	816,307
Europe	70,543		—		—		4,947		75,490
Total goodwill	$	883,960	$	2,665	$	—	$	5,172	$	891,797

Additions relate to immaterial acquisition activity during the year (included in the North America segment).

The following table presents the balance of goodwill by reportable segment, including the changes in the carrying value of goodwill, for the year ended December 31, 2019:


	Balance at December 31, 2018		Additions		(Deductions)		Foreign Currency Translation		Balance at December 31, 2019
	(In thousands)
North America	$	824,037	$	18,326	$	(29,266)	$	320	$	813,417
Europe	70,672		—		—		(129)		70,543
Total goodwill	$	894,709	$	18,326	$	(29,266)	$	191	$	883,960

Schedule of Intangible Assets with Definite Lives

Intangible assets with indefinite lives are trade names and trademarks acquired in various acquisitions. At December 31, 2020 and 2019, intangible assets with definite lives are as follows:


	December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Useful Life (Years)
	(Dollars in thousands)
Service professional relationships	$	97,160	$	(97,000)	$	160	3.0
Technology	83,468		(47,144)		36,324		5.5
Memberships	15,900		(15,900)		—		3.0
Customer lists and user base	800		(192)		608		8.0
Trade names	3,128		(2,391)		737		5.6
Total	$	200,456	$	(162,627)	$	37,829	4.1


	December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Useful Life (Years)
	(Dollars in thousands)
Service professional relationships	$	99,651	$	(76,445)	$	23,206	2.9
Technology	89,095		(37,721)		51,374		5.3
Memberships	15,900		(11,940)		3,960		3.0
Customer lists and user base	14,298		(13,590)		708		1.4
Trade names	2,390		(1,512)		878		6.8
Total	$	221,334	$	(141,208)	$	80,126	3.8

Schedule of Expected Amortization of Intangible Assets

At December 31, 2020, amortization of intangible assets with definite lives for each of the next five years and thereafter is estimated to be as follows:


Years Ending December 31,	(In thousands)
2021	$	14,951
2022	13,964
2023	8,148
2024	190
2025	190
Thereafter	386
Total	$	37,829

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of Current Available-for-sale Marketable Debt Securities

At December 31, 2020, current available-for-sale marketable debt securities were as follows:


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(In thousands)
Treasury discount notes	$	49,995	$	—	$	—	$	49,995
Total available-for-sale marketable debt securities	$	49,995	$	—	$	—	$	49,995

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:


	December 31, 2020
	Quoted Market Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value Measurements
	(In thousands)
Assets:
Cash equivalents:
Money market funds	$	374,014	$	—	$	—	$	374,014
Treasury discount notes	—		324,995		—		324,995
Time deposits	—		2,721		—		$	2,721
Marketable debt securities:
Treasury discount notes	—		49,995		—		49,995
Total	$	374,014	$	377,711	$	—	$	751,725


	December 31, 2019
	Quoted Market Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value Measurements
	(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:


	December 31, 2020				December 31, 2019
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(In thousands)
Current portion of long-term debt	$	—	$	—	$	(13,750)	$	(13,681)
Long-term debt, net(a)	(712,277)		(725,700)		(231,946)		(232,581)

_________________

(a) At December 31, 2020 and 2019, the carrying value of long-term debt, net includes unamortized debt issuance costs of $7.7 million and $1.8 million, respectively.

LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term debt consists of:


	December 31,
	2020		2019
	(In thousands)
3.875% ANGI Group Senior Notes due August 15, 2028 (“Senior Notes”); interest payable each February 15 and August 15, commencing February 15, 2021	$	500,000	$	—
ANGI Group Term Loan due November 5, 2023	220,000		247,500
Total long-term debt	720,000		247,500
Less: current portion of Term Loan	—		13,750
Less: unamortized debt issuance costs	7,723		1,804
Total long-term debt, net	$	712,277	$	231,946

Debt Instrument Redemption

Thereafter, these notes may be redeemed at the redemption prices set forth below, plus accrued and unpaid interest thereon, if any, to the applicable redemption date, if redeemed during the twelve-month period beginning on August 15 of the years indicated below:


Year	Percentage
2023	101.938	%
2024	100.969	%
2025 and thereafter	100.000	%

Schedule of Aggregate Contractual Maturities of Long-term Debt

Long-term debt maturities as of December 31, 2020 are summarized in the table below:


Years Ending December 31,	(In thousands)

2022	27,500
2023	192,500
2028	500,000
Total	720,000
Less: unamortized debt issuance costs	7,723
Total long-term debt, net	$	712,277

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

12 Months Ended

Dec. 31, 2020

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following tables present the components of accumulated other comprehensive income (loss) income and items reclassified out of accumulated other comprehensive income (loss) income into earnings:


	Year Ended December 31, 2020
	Foreign Currency Translation Adjustment		Unrealized Gains On Available-For-Sale Debt Securities		Accumulated Other Comprehensive (Loss) Income
	(In thousands)
Balance at January 1	$	(1,379)	$	—	$	(1,379)
Other comprehensive income	6,016		—		6,016
Net current period other comprehensive income	6,016		—		6,016
Balance at December 31	$	4,637	$	—	$	4,637


	Year Ended December 31, 2019
	Foreign Currency Translation Adjustment		Unrealized Gains On Available-For-Sale Debt Securities		Accumulated Other Comprehensive (Loss) Income
	(In thousands)
Balance at January 1	$	(1,864)	$	3	$	(1,861)
Other comprehensive income (loss) before reclassifications	485		(3)		482

Net current period other comprehensive income (loss)	485		(3)		482
Balance at December 31	$	(1,379)	$	—	$	(1,379)


	Year Ended December 31, 2018
	Foreign Currency Translation Adjustment		Unrealized Gains On Available-For-Sale Debt Securities		Accumulated Other Comprehensive Income (Loss)
	(In thousands)
Balance at January 1	$	2,232	$	—	$	2,232
Other comprehensive (loss) income before reclassifications	(4,044)		3		(4,041)
Amounts reclassified to earnings	(52)		—		(52)
Net current period other comprehensive loss	(4,096)		3		(4,093)
Balance at December 31	$	(1,864)	$	3	$	(1,861)

EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings (Loss) per Share

The following table sets forth the computation of basic and diluted (loss) earnings per share attributable to ANGI Homeservices shareholders:


	Years Ended December 31,
	2020				2019				2018
	Basic		Diluted		Basic		Diluted		Basic		Diluted
	(In thousands, except per share data)
Numerator:
Net (loss) earnings	$	(4,160)	$	(4,160)	$	35,314	$	35,314	$	77,507	$	77,507
Net earnings attributable to noncontrolling interests	(2,123)		(2,123)		(485)		(485)		(189)		(189)
Net (loss) earnings attributable to ANGI Homeservices Inc. shareholders	$	(6,283)	$	(6,283)	$	34,829	$	34,829	$	77,318	77,318

Denominator:
Weighted average basic shares outstanding	498,159		498,159		504,875		504,875		484,232		484,232
Dilutive securities (a)(b)(c)	—		—		—		13,044		—		29,365
Denominator for earnings per share—weighted average shares	498,159		498,159		504,875		517,919		484,232		513,597

(Loss) earnings per share attributable to ANGI Homeservices Inc. shareholders:
(Loss) earnings per share	$	(0.01)	$	(0.01)	$	0.07	$	0.07	$	0.16	$	0.15

________________________

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2020

Share-based Payment Arrangement [Abstract]

Schedule of Changes in Outstanding Stock Options

Stock options and stock appreciation rights outstanding at December 31, 2020 and changes during the year ended December 31, 2020 were as follows:


	December 31, 2020
	Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (In Years)	Aggregate Intrinsic Value
	(Shares and intrinsic value in thousands)
Outstanding at January 1, 2020	23,984	$	3.89
Granted	—	—
Exercised	(12,931)	3.18
Forfeited	(352)	6.16
Expired	(12)	15.03
Outstanding at December 31, 2020	10,689	$	4.67	5.68	$	92.08
Exercisable	8,944	$	4.59	5.59	$	77.97

Schedule of Information for Stock Options Outstanding and Exercisable

The following table summarizes the information about stock options and stock appreciation rights outstanding and exercisable at December 31, 2020:


	Awards Outstanding				Awards Exercisable
Range of Exercise Prices	Outstanding at December 31, 2020	Weighted average remaining contractual life in years	Weighted average exercise price		Exercisable at December 31, 2020	Weighted average remaining contractual life in years	Weighted average exercise price
	(Shares in thousands)
$0.01 to $3.00	2,864	4.9	$	2.29	2,864	4.9	$	2.29
$3.01 to $6.00	6,814	6.1	4.53		5,213	6.1	4.53
$6.01 to $9.00	106	4.0	8.04		106	4	8.04
$9.01 to $12.00	405	6.0	10.54		324	5.7	10.47
$12.01 to $15.00	369	5.5	12.94		306	5.3	12.98
$15.01 to $18.00	—	—	—		—	—	—
$18.01 to$21.00	115	2.2	19.88		115	2.2	19.88
$21.01 to $24.00	16	2.6	22.02		16	2.6	22.02
	10,689	5.7	$	4.67	8,944	5.6	$	4.59

Schedule of Outstanding Unvested RSUs

Unvested RSUs, MSUs and PSUs outstanding at December 31, 2020 and changes during the year ended December 31, 2020 are as follows:


	RSUs			MSUs			PSUs
	Number of Shares	Weighted Average Grant Date Fair Value		Number of Shares (a)	Weighted Average Grant Date Fair Value		Number of Shares (a)	Weighted Average Grant Date Fair Value
	(Shares in thousands)
Unvested at January 1, 2020	5,660	$	15.29	3,503	$	3.62	881	$	15.89
Granted	6,962	7.37		—	—		1,844	6.92
Vested	(2,128)	13.78		(738)	6.8		—	—
Forfeited	(934)	11.93		(269)	6.8		(767)	16.4
Unvested at December 31, 2020	9,560	$	10.19	2,496	$	7.82	1,958	$	5.11

___________________________

SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following table presents revenue by reportable segment:


	Years Ended December 31,
	2020		2019		2018
	(In thousands)
Revenue:
North America	$	1,395,428	$	1,249,892	$	1,062,171
Europe	72,497		76,313		70,070
Total	$	1,467,925	$	1,326,205	$	1,132,241

Schedule of Segmented Revenue Disaggregated by Service

The following table presents the revenue of the Company’s segments disaggregated by type of service:


	Years Ended December 31,
	2020		2019		2018
	(In thousands)
North America
Marketplace:
Consumer connection revenue(a)	$	1,054,660	$	913,533	$	704,341
Service professional membership subscription revenue	50,975		63,872		66,214
Other revenue	25,685		15,263		3,940
Total Marketplace revenue	1,131,320		992,668		774,495
Advertising and other revenue(b)	264,108		257,224		287,676
Total North America revenue	1,395,428		1,249,892		1,062,171
Europe
Consumer connection revenue(c)	57,692		59,611		50,913
Service professional membership subscription revenue	13,091		14,231		17,362
Advertising and other revenue	1,714		2,471		1,795
Total Europe revenue	72,497		76,313		70,070
Total revenue	$	1,467,925	$	1,326,205	$	1,132,241

___________________________

(a) Includes fees paid by service professionals for consumer matches and revenue from pre-priced jobs sourced through the HomeAdvisor and Handy platforms.

Schedule of Revenue 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:


	Years Ended December 31,
	2020		2019		2018
	(In thousands)
Revenue:
United States	$	1,379,236	$	1,234,755	$	1,050,641
All other countries	88,689		91,450		81,600
Total	$	1,467,925	$	1,326,205	$	1,132,241

Schedule of Long-lived Assets by Geographic Areas


	December 31,
	2020		2019
	(In thousands)
Long-lived assets (excluding goodwill and intangible assets):
United States	$	97,841	$	95,822
All other countries	11,001		7,539
Total	$	108,842	$	103,361

Schedule of Reconciliation of Adjusted EBITDA to Operating Income (Loss)

The following tables present operating income (loss) and Adjusted EBITDA by reportable segment:


	Years Ended December 31,
	2020		2019		2018
	(In thousands)
Operating income (loss):
North America	$	4,811	$	48,967	$	78,102
Europe	(11,179)		(10,322)		(14,196)
Total	$	(6,368)	$	38,645	$	63,906


	Years Ended December 31,
	2020		2019		2018
	(In thousands)
Adjusted EBITDA(d):
North America	$	178,854	$	208,192	$	253,963
Europe	$	(6,050)	$	(5,895)	$	(6,457)

___________________________

The following tables reconcile operating income (loss) for the Company’s reportable segments and net (loss) earnings attributable to ANGI Homeservices Inc. shareholders to Adjusted EBITDA:


	Year Ended December 31, 2020
	Operating Income (Loss)		Stock-Based Compensation Expense		Depreciation		Amortization of Intangibles		Adjusted EBITDA
	(In thousands)
North America	$	4,811	$	82,933	$	48,515	$	42,595	$	178,854
Europe	(11,179)		$	716	$	4,106	$	307	$	(6,050)
Operating (loss)	(6,368)
Interest expense	(14,178)

Other income, net	1,218
Earnings before income taxes	(19,328)
Income tax benefit	15,168
Net loss	(4,160)
Net earnings attributable to noncontrolling interests	(2,123)
Net loss attributable to ANGI Homeservices Inc. shareholders	$	(6,283)


	Year Ended December 31, 2019
	Operating Income (Loss)		Stock-Based Compensation Expense		Depreciation		Amortization of Intangibles		Adjusted EBITDA
	(In thousands)
North America	$	48,967	$	67,646	$	37,481	$	54,098	$	208,192
Europe	(10,322)		$	609	$	2,434	$	1,384	$	(5,895)
Operating income	38,645
Interest expense	(11,493)

Other income, net	6,494
Earnings before income taxes	33,646
Income tax benefit	1,668
Net earnings	35,314
Net earnings attributable to noncontrolling interests	(485)
Net earnings attributable to ANGI Homeservices Inc. shareholders	$	34,829


	Year Ended December 31, 2018
	Operating Income (Loss)		Stock-Based Compensation Expense		Depreciation		Amortization of Intangibles		Adjusted EBITDA
	(In thousands)
North America	$	78,102	$	96,078	$	21,888	$	57,895	$	253,963
Europe	(14,196)		$	1,000	$	2,422	$	4,317	$	(6,457)
Operating income	63,906
Interest expense	(11,623)

Other income, net	17,741
Earnings before income taxes	70,024
Income tax benefit	7,483
Net earnings	77,507
Net earnings attributable to noncontrolling interests	(189)
Net earnings attributable to ANGI Homeservices Inc. shareholders	$	77,318

Schedule of Capital Expenditures by Segment

The following table presents capital expenditures by reportable segment:


	Years Ended December 31,
	2020		2019		2018
	(In thousands)
Capital expenditures:
North America	$	50,462	$	64,215	$	42,976
Europe	2,026		4,589		4,000
Total	$	52,488	$	68,804	$	46,976

LEASES (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Schedule of Supplemental Balance Sheet Information of Leases


		December 31,
Leases	Balance Sheet Classification	2020		2019
		(In thousands)
Assets:
Right-of-use assets	Other non-current assets	$	87,559	$	101,243

Liabilities:
Current lease liabilities	Accrued expenses and other current liabilities	15,700		13,234
Long-term lease liabilities	Other long-term liabilities	103,575		119,375
Total lease liabilities		$	119,275	$	132,609

Schedule of Lease Cost and Other Information


		December 31,
Lease Cost	Income Statement Classification	2020		2019
		(In thousands)
Fixed lease cost	Cost of revenue	$	321	$	207
Fixed lease cost	Selling and marketing expense	9,913		9,277
Fixed lease cost	General and administrative expense	7,545		7,617
Fixed lease cost	Product development expense	1,848		1,456
Total fixed lease cost(a)		19,627		18,557
Variable lease cost	Cost of revenue	—		—
Variable lease cost	Selling and marketing expense	2,314		1,572
Variable lease cost	General and administrative expense	1,567		1,021
Variable lease cost	Product development expense	867		308
Total variable lease cost		4,748		2,901
Net lease cost		$	24,375	$	21,458

________________________________

(a) Includes $0.04 million and $0.6 million of short-term lease cost and $1.8 million and $1.4 million of sublease income for the years ended December 31, 2020 and 2019, respectively.


	December 31,
	2020		2019
	(In thousands)
Other information:
Right-of-use assets obtained in exchange for lease liabilities	$	326	$	58,701
Cash paid for amounts included in the measurement of lease liabilities	$	20,939	$	18,363

Schedule of Maturities of Operating Lease Liabilities

Maturities of lease liabilities as of December 31, 2020(b):


For Years Ending December 31:	(In thousands)
2021	$	22,321
2022	21,514
2023	20,512
2024	19,994
2025	19,193
Thereafter	43,376
Total	146,910
Less: Interest	27,635
Present value of lease liabilities	$	119,275

________________________________

(b) Lease payments exclude $0.1 million of legally binding minimum lease payments for leases signed but not yet commenced.

Schedule of Weighted-Average Lease Term and Discount Rate of Leases

The following are the weighted average assumptions used for lease terms and discount rates as of December 31, 2020 and 2019:


	December 31,
	2020		2019
Remaining lease term	6.9 years		7.7 years
Discount rate	5.91	%	5.99	%

COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Schedule of Commercial Commitments Outstanding

Future payments under non-cancelable unconditional purchase obligations as of December 31, 2020 are as follows:


	Amount of Commitment Expiration Per Period
	Less Than 1 Year		1–3 Years		3–5 Years		More Than 5 Years		Total
	(In thousands)
Purchase obligations	$	12,916	$	22	$	—	$	—	$	12,938

CONSOLIDATED FINANCIAL STATEMENT DETAILS (Tables)

12 Months Ended

Dec. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Restricted Cash

Cash and Cash Equivalents and Restricted Cash:


	December 31, 2020		December 31, 2019
	(In thousands)
Cash and cash equivalents	$	812,705	$	390,565
Restricted cash included in other current assets	407		504
Restricted cash included in other non-current assets	449		409
Total cash and cash equivalents and restricted cash as shown on the consolidated statement of cash flows	$	813,561	$	391,478

Schedule of Cash and Cash Equivalents

Cash and Cash Equivalents and Restricted Cash:


	December 31, 2020		December 31, 2019
	(In thousands)
Cash and cash equivalents	$	812,705	$	390,565
Restricted cash included in other current assets	407		504
Restricted cash included in other non-current assets	449		409
Total cash and cash equivalents and restricted cash as shown on the consolidated statement of cash flows	$	813,561	$	391,478

Schedule of Other Current Assets


	December 31,
	2020		2019
	(In thousands)
Other current assets:
Capitalized costs to obtain a contract with a customer	$	49,194	$	35,103

Prepaid expenses	17,742		21,790
Other	5,022		10,866
Other current assets	$	71,958	$	67,759

Schedule of Property and Equipment, Net

Depreciation is computed using the straight-line method over the estimated useful lives of the assets, or, in the case of leasehold improvements, the lease term, if shorter.


Asset Category						Estimated Useful Lives
Capitalized software and computer equipment						2 to 3 Years
Furniture and other equipment						5 to 7 Years
Leasehold improvements						5 to 25 Years


	December 31,
	2020		2019
	(In thousands)
Capitalized software, leasehold improvements and equipment, net:
Capitalized software and computer equipment	$	132,026	$	105,956
Leasehold improvements	31,864		32,559
Furniture and other equipment	13,252		13,435
Projects in progress	27,138		19,638
Capitalized software, leasehold improvements and equipment	204,280		171,588
Accumulated depreciation and amortization	(95,438)		(68,227)
Capitalized software, leasehold improvements and equipment, net	$	108,842	$	103,361

Schedule of Accrued Expenses and Other Current Liabilities


	December 31,
	2020		2019
	(In thousands)
Accrued expenses and other current liabilities:
Accrued advertising expense	$	30,033	$	29,682
Accrued employee compensation and benefits	47,310		28,630
Current lease liabilities	15,700		13,234
Other	55,176		45,451
Accrued expenses and other current liabilities	$	148,219	$	116,997

Schedule of Other Income (Expense), Net


	Years Ended December 31,
	2020		2019		2018
	(In thousands)
Other income, net	$	1,218	$	6,494	$	17,741

Schedule of Cash Flow, Supplemental Disclosures

Supplemental Disclosure of Cash Flow Information:


	Years Ended December 31,
	2020		2019		2018
	(In thousands)
Cash paid (received) during the year for:
Interest expense—third-party	$	5,367	$	10,290	$	12,148
Interest expense—related party	—		54		155
Income tax payments, including amounts paid to IAC for ANGI Homeservices' share of IAC's consolidated tax liability	1,789		12,224		332
Income tax refunds, including amounts received from IAC for ANGI Homeservices' share of IAC's consolidated tax liability	(3,506)		(957)		(172)

QUARTERLY RESULTS (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Results


	Quarter Ended March 31 (a)		Quarter Ended June 30 (a)		Quarter Ended September 30 (a)		Quarter Ended December 31(a)
	(In thousands, except per share data)
Year Ended December 31, 2020
Revenue	$	343,650	$	375,061	$	389,913	$	359,301
Cost of revenue	33,229		41,042		48,253		50,757
Operating (loss) income	(16,296)		17,644		(3,019)		(4,697)
Net (loss) earnings	(9,184)		13,211		5,203		(13,390)
Net (loss) earnings attributable to ANGI Homeservices Inc. shareholders	(8,958)		12,667		4,472		(14,464)
Per share information attributable to ANGI Homeservices Inc. shareholders:
Basic (loss) earnings per share(c)	$	(0.02)	$	0.03	$	0.01	$	(0.03)
Diluted (loss) earnings per share(c)	$	(0.02)	$	0.02	$	0.01	$	(0.03)

	Quarter Ended March 31 (b)		Quarter Ended June 30 (b)		Quarter Ended September 30 (b)		Quarter Ended December 31 (b)
	(In thousands, except per share data)
Year Ended December 31, 2019
Revenue	$	303,443	$	343,896	$	357,358	$	321,508
Cost of revenue	10,011		10,722		13,312		12,448
Operating (loss) income	(3,641)		11,403		24,726		6,157
Net earnings (loss)	9,851		7,234		18,324		(95)
Net earnings (loss) attributable to ANGI Homeservices Inc. shareholders	9,969		6,968		17,999		(107)
Per share information attributable to ANGI Homeservices Inc. shareholders:
Basic earnings (loss) per share(c)	$	0.02	$	0.01	$	0.04	$	(0.00)
Diluted earnings (loss) per share(c)	$	0.02	$	0.01	$	0.04	$	(0.00)

_________________________________________________________________________

(c) Quarterly per share amounts may not add to the related annual per share amount because of differences in the average common shares outstanding during each period.

ORGANIZATION - Narrative (Details) professional in Thousands, project in Millions	12 Months Ended
	Dec. 31, 2020 category project professional segment	Dec. 31, 2019	Dec. 31, 2018
Noncontrolling Interest [Line Items]
Number of service categories	500
Number of service professionals (more than) \| professional	240
Number of projects (more than) \| project	32
Number of operating segments \| segment	2
United States \| Geographic Concentration Risk
Noncontrolling Interest [Line Items]
Revenue concentration risk percentage (greater than)	95.00%
United States \| Revenue Benchmark \| Geographic Concentration Risk
Noncontrolling Interest [Line Items]
Revenue concentration risk percentage (greater than)	10.00%	10.00%	10.00%
Angie's List
Noncontrolling Interest [Line Items]
Number of service categories	700
ANGI Homeservices \| Class B Common Stock \| IAC
Noncontrolling Interest [Line Items]
Ownership interest (as a percent)	84.30%
Voting interest (as a percent)	98.20%

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details)		3 Months Ended								12 Months Ended
	Oct. 01, 2020 USD ($) unit	Dec. 31, 2020 USD ($)	Sep. 30, 2020 USD ($)	Jun. 30, 2020 USD ($)	Mar. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Sep. 30, 2019 USD ($)	Jun. 30, 2019 USD ($)	Mar. 31, 2019 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Jan. 01, 2018 USD ($)
Disaggregation of Revenue [Line Items]
Current contract assets		$ 49,194,000				$ 35,103,000				$ 49,194,000	$ 35,103,000
Non-current contract assets		400,000				4,000,000.0				400,000	4,000,000.0
Deferred tax liability		1,296,000				3,441,000				1,296,000	3,441,000
Retained earnings		9,749,000				16,032,000				9,749,000	16,032,000
Revenue		359,301,000	$ 389,913,000	$ 375,061,000	$ 343,650,000	321,508,000	$ 357,358,000	$ 343,896,000	$ 303,443,000	1,467,925,000	1,326,205,000	$ 1,132,241,000
Amortization of contract assets										64,800,000	56,800,000	50,000,000.0
Revenue reserve		1,800,000				1,200,000				1,800,000	1,200,000
Deferred revenue recognized										57,600,000	61,000,000.0
Current deferred revenue		54,654,000				58,220,000				54,654,000	58,220,000
Non-current deferred revenue		200,000				200,000				$ 200,000	200,000
Cash equivalents maturity period at purchase (less than)										91 days
Marketable debt securities		49,995,000				0				$ 49,995,000	0
Number of reporting units \| unit	2
Market capitalization	$ 5,500,000,000
Amount by which market capitalization exceeds carrying value	4,300,000,000
Goodwill and Intangible Asset Impairment										0	0	0
Advertising expense										487,600,000	484,300,000	334,700,000
Adjustment of redeemable noncontrolling interests to fair value										(1,645,000)	(8,242,000)	(1,244,000)
Redeemable Noncontrolling Interest
Disaggregation of Revenue [Line Items]
Adjustment of redeemable noncontrolling interests to fair value										1,600,000	8,200,000	1,200,000
Accounting Standards Update 2014-09
Disaggregation of Revenue [Line Items]
Current contract assets													$ 29,700,000
Non-current contract assets													4,200,000
Deferred tax liability													8,300,000
Retained earnings													$ 25,600,000
International
Disaggregation of Revenue [Line Items]
Revenue										88,689,000	91,450,000	81,600,000
Cash equivalents		$ 0				$ 0				0	0
Europe
Disaggregation of Revenue [Line Items]
Revenue										72,497,000	76,313,000	70,070,000
Amount by which market capitalization exceeds carrying value	131,400,000
North America
Disaggregation of Revenue [Line Items]
Revenue										1,395,428,000	1,249,892,000	1,062,171,000
Amount by which market capitalization exceeds carrying value	$ 4,100,000,000
United States
Disaggregation of Revenue [Line Items]
Revenue										$ 1,379,236,000	$ 1,234,755,000	$ 1,050,641,000
United States \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Revenue concentration risk percentage (greater than)										95.00%
Effect of adoption of ASU No. 2014-09
Disaggregation of Revenue [Line Items]
Revenue										$ 73,800,000
Discount Rate \| Europe
Disaggregation of Revenue [Line Items]
Measurement input (as a percent)		0.15				0.15				0.15	0.15
Discount Rate \| Minimum
Disaggregation of Revenue [Line Items]
Measurement input (as a percent)		0.115				0.115				0.115	0.115
Discount Rate \| Maximum
Disaggregation of Revenue [Line Items]
Measurement input (as a percent)		0.150				0.275				0.150	0.275
Royalty Rate \| Indefinite-lived Intangible Assets \| Minimum
Disaggregation of Revenue [Line Items]
Measurement input (as a percent)		0.020				0.015				0.020	0.015
Royalty Rate \| Indefinite-lived Intangible Assets \| Maximum
Disaggregation of Revenue [Line Items]
Measurement input (as a percent)		0.055				0.055				0.055	0.055

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Allowance for Credit Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at January 1	$ 19,066
Current period provision for credit losses	78,229	$ 64,278	$ 47,242
Write-offs charged against the credit loss reserve	(73,682)
Recoveries collected	2,433
Balance at December 31	$ 26,046	$ 19,066

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Estimated Useful Lives of Property and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Capitalized software, leasehold improvements and equipment, net:
Property and equipment, net	$ 108,842	$ 103,361
Capitalized software and computer equipment \| Minimum
Capitalized software, leasehold improvements and equipment, net:
Estimated useful life (in years)	2 years
Capitalized software and computer equipment \| Maximum
Capitalized software, leasehold improvements and equipment, net:
Estimated useful life (in years)	3 years
Furniture and other equipment \| Minimum
Capitalized software, leasehold improvements and equipment, net:
Estimated useful life (in years)	5 years
Furniture and other equipment \| Maximum
Capitalized software, leasehold improvements and equipment, net:
Estimated useful life (in years)	7 years
Leasehold improvements \| Minimum
Capitalized software, leasehold improvements and equipment, net:
Estimated useful life (in years)	5 years
Leasehold improvements \| Maximum
Capitalized software, leasehold improvements and equipment, net:
Estimated useful life (in years)	25 years
Capitalized internal use software
Capitalized software, leasehold improvements and equipment, net:
Property and equipment, net	$ 67,900	$ 56,300

INCOME TAXES - Income before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
U.S.	$ (10,913)	$ 39,821	$ 82,652
Foreign	(8,415)	(6,175)	(12,628)
(Loss) earnings before income taxes	$ (19,328)	$ 33,646	$ 70,024

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68072869&loc=d3e41242-110953

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

INCOME TAXES - Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Current income tax provision:
Federal	$ (306)	$ (43)
State	1,408	819	$ (20)
Foreign	(992)	806	905
Current income tax provision	110	1,582	885
Deferred income tax benefit
Federal	(5,163)	(3,416)	(5,549)
State	(6,249)	517	(1,100)
Foreign	(3,866)	(351)	(1,719)
Deferred income tax benefit	(15,278)	(3,250)	(8,368)
Income tax benefit	$ (15,168)	$ (1,668)	$ (7,483)

INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets:
Net operating loss (“NOL”) carryforwards	$ 182,449	$ 158,727
Stock-based compensation	18,955	33,613
Long-term lease liabilities	29,314	32,642
Other	32,885	26,226
Total deferred tax assets	263,603	251,208
Less valuation allowance	(77,076)	(71,472)
Net deferred tax assets	186,527	179,736
Deferred tax liabilities:
Intangible assets	(47,858)	(63,900)
Right-of-use assets	(21,496)	(24,836)
Capitalized software, leasehold improvements and equipment	(16,152)	(12,377)
Capitalized costs to obtain a contract with a customer	(12,233)	(9,400)
Other	(4,338)	(83)
Total deferred tax liabilities	(102,077)	(110,596)
Net deferred tax assets	$ 84,450	$ 69,140

INCOME TAXES - Narrative (Details) - USD ($)	12 Months Ended
INCOME TAXES - Narrative (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Tax Credit Carryforward [Line Items]
Deferred tax asset payable to parent	$ 88,000,000.0
Income tax benefit related to net operating losses	12,600,000
Deferred tax assets	263,603,000	$ 251,208,000
Deferred tax assets, valuation allowance	77,076,000	71,472,000
Unrecognized tax (benefit), accruals for interest and penalties	0
Unrecognized tax benefits, income tax penalties accrued		0
Unrecognized tax benefits including tax interest accrued	5,300,000	4,100,000
Unrecognized tax benefits unrelated to federal income taxes statute of limitations expiring to be recognized in subsequent periods that would impact income tax expense, continuing operations	5,100,000	$ 4,000,000.0
Decrease in unrecognized tax benefits is reasonably possible	500,000
Federal Tax Authority
Tax Credit Carryforward [Line Items]
Operating loss carryforwards	431,500,000
Operating loss carryforwards not subject to expiration	59,300,000
Operating loss carryforwards subject to expiration within twenty years	372,200,000
State and Local Jurisdiction
Tax Credit Carryforward [Line Items]
Operating loss carryforwards	375,900,000
Operating loss carryforwards not subject to expiration	79,900,000
Federal and State Tax Credits
Tax Credit Carryforward [Line Items]
Operating loss carryforwards not subject to expiration	166,100,000
Tax Credit Carryforward, Amount	16,600,000
Tax credit carryforwards not subject to expiration	600,000
Tax credit carryforwards, subject to expiration	16,000,000.0
Deferred tax assets	176,400,000
Foreign Tax Authority
Tax Credit Carryforward [Line Items]
Operating loss carryforwards not subject to expiration	374,300,000
Operating loss carryforwards available to offset future income	413,700,000
Operating loss carryforwards subject to expiration	39,400,000
Deferred tax assets, valuation allowance	$ 5,600,000

INCOME TAXES - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income tax (benefit) provision at the federal statutory rate of 21%	$ (4,058)	$ 7,066	$ 14,705
State income taxes, net of effect of federal tax benefit	1,641	2,693	4,702
Deferred tax adjustment for enacted changes in tax law and rates	(5,244)	502	(1,431)
Change in judgement on beginning of the year valuation allowance	(3,544)
Stock-based compensation	(2,914)	(12,768)	(25,184)
Unbenefited losses	2,899	1,523	2,227
Research credit	(2,494)	(3,308)	(1,169)
Net adjustment related to the reconciliation of income tax provision accruals to tax returns	(743)	448	(1,669)
Other, net	(711)	2,176	336
Income tax benefit	$ (15,168)	$ (1,668)	$ (7,483)

INCOME TAXES - Income Tax Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns
Balance at January 1	$ 4,025	$ 2,356	$ 1,548
Additions based on tax positions related to the current year	1,676	1,325	411
Additions for tax positions of prior years	423	344	397
Settlements	(856)	0	0
Balance at December 31	$ 5,268	$ 4,025	$ 2,356

BUSINESS COMBINATIONS - Narrative (Details) - Handy - USD ($) $ / shares in Units, shares in Millions, $ in Millions		12 Months Ended
	Oct. 19, 2018	Dec. 31, 2019
Business Acquisition
Proportion of voting interests acquired (as a percent)	100.00%
Consideration transferred	$ 168.4
Common stock issued (shares)	8.6
Common stock	$ 165.8
Share price (USD per share)	$ 19.31
Adjustment to deferred tax assets		$ 27.2
Adjustment to goodwill		$ (27.2)

BUSINESS COMBINATIONS - Preliminary Estimated Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Oct. 19, 2018
Business Acquisition
Goodwill	$ 891,797	$ 883,960	$ 894,709
Handy
Business Acquisition
Cash and cash equivalents				$ 5,710
Other current assets				2,050
Goodwill				115,183
Intangible assets				38,800
Other non-current assets				8
Deferred income taxes				20,070
Total assets				181,821
Current liabilities				(13,419)
Net assets acquired				$ 168,402

BUSINESS COMBINATIONS - Intangible Assets Acquired as Part of Business Combination (Details) - Handy $ in Thousands	Oct. 19, 2018 USD ($)
Business Acquisition
Total identifiable intangible assets acquired	$ 38,800
Developed technology
Business Acquisition
Finite-lived intangible assets acquired	$ 15,600
Weighted-Average Useful Life (Years)	4 years
User base
Business Acquisition
Finite-lived intangible assets acquired	$ 3,400
Weighted-Average Useful Life (Years)	1 year
Retail partners
Business Acquisition
Finite-lived intangible assets acquired	$ 600
Weighted-Average Useful Life (Years)	3 years
Service professionals
Business Acquisition
Finite-lived intangible assets acquired	$ 400
Weighted-Average Useful Life (Years)	1 year
Indefinite-lived trade name and trademarks
Business Acquisition
Indefinite-lived intangible assets acquired	$ 18,800

GOODWILL AND INTANGIBLE ASSETS - Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 891,797	$ 883,960	$ 894,709
Intangible assets with indefinite lives	171,888	171,599
Intangible assets with definite lives, net of accumulated amortization	37,829	80,126
Total goodwill and intangible assets, net	$ 1,101,514	$ 1,135,685

GOODWILL AND INTANGIBLE ASSETS - Goodwill by Reporting Unit (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Goodwill
Balance at beginning of period	$ 883,960	$ 894,709
Additions	2,665	18,326
(Deductions)	0	(29,266)
Foreign Currency Translation	5,172	191
Balance at end of period	891,797	883,960
North America
Goodwill
Balance at beginning of period	813,417	824,037
Additions	2,665	18,326
(Deductions)	0	(29,266)
Foreign Currency Translation	225	320
Balance at end of period	816,307	813,417
Europe
Goodwill
Balance at beginning of period	70,543	70,672
Additions	0	0
(Deductions)	0	0
Foreign Currency Translation	4,947	(129)
Balance at end of period	$ 75,490	$ 70,543

GOODWILL AND INTANGIBLE ASSETS - Intangible Assets with Definite Lives (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Intangible assets with definite lives
Gross Carrying Amount	$ 200,456	$ 221,334
Accumulated Amortization	(162,627)	(141,208)
Total	$ 37,829	$ 80,126
Weighted-Average Useful Life (Years)	4 years 1 month 6 days	3 years 9 months 18 days
Service professional relationships
Intangible assets with definite lives
Gross Carrying Amount	$ 97,160	$ 99,651
Accumulated Amortization	(97,000)	(76,445)
Total	$ 160	$ 23,206
Weighted-Average Useful Life (Years)	3 years	2 years 10 months 24 days
Technology
Intangible assets with definite lives
Gross Carrying Amount	$ 83,468	$ 89,095
Accumulated Amortization	(47,144)	(37,721)
Total	$ 36,324	$ 51,374
Weighted-Average Useful Life (Years)	5 years 6 months	5 years 3 months 18 days
Memberships
Intangible assets with definite lives
Gross Carrying Amount	$ 15,900	$ 15,900
Accumulated Amortization	$ (15,900)	(11,940)
Total		$ 3,960
Weighted-Average Useful Life (Years)	3 years	3 years
Customer lists and user base
Intangible assets with definite lives
Gross Carrying Amount	$ 800	$ 14,298
Accumulated Amortization	(192)	(13,590)
Total	$ 608	$ 708
Weighted-Average Useful Life (Years)	8 years	1 year 4 months 24 days
Trade names
Intangible assets with definite lives
Gross Carrying Amount	$ 3,128	$ 2,390
Accumulated Amortization	(2,391)	(1,512)
Total	$ 737	$ 878
Weighted-Average Useful Life (Years)	5 years 7 months 6 days	6 years 9 months 18 days

GOODWILL AND INTANGIBLE ASSETS - Expected Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
2021	$ 14,951
2022	13,964
2023	8,148
2024	190
2025	190
Thereafter	386
Total	$ 37,829	$ 80,126

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Current Available-for-Sale Marketable Debt Securities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	$ 49,995,000
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Fair Value	49,995,000	$ 0
Proceeds from maturities of marketable debt securities	50,000,000	25,000,000	$ 35,000,000
Gross realized gains (losses) from the maturities of available-for-sale marketable debt securities	0	$ 0
Treasury discount notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	49,995,000
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Fair Value	$ 49,995,000

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Assets:
Marketable debt securities	$ 49,995,000	$ 0
Total	751,725,000	314,850,000
Quoted Market Prices in Active Markets for Identical Assets (Level 1)
Assets:
Total	374,014,000	291,810,000
Significant Other Observable Inputs (Level 2)
Assets:
Total	377,711,000	23,040,000
Significant Unobservable Inputs (Level 3)
Assets:
Total	0	0
Money market funds
Assets:
Cash equivalents	374,014,000	291,810,000
Money market funds \| Quoted Market Prices in Active Markets for Identical Assets (Level 1)
Assets:
Cash equivalents	374,014,000	291,810,000
Money market funds \| Significant Other Observable Inputs (Level 2)
Assets:
Cash equivalents	0	0
Money market funds \| Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents	0	0
Treasury discount notes
Assets:
Cash equivalents	324,995,000
Marketable debt securities	49,995,000
Treasury discount notes \| Quoted Market Prices in Active Markets for Identical Assets (Level 1)
Assets:
Cash equivalents	0
Marketable debt securities	0
Treasury discount notes \| Significant Other Observable Inputs (Level 2)
Assets:
Cash equivalents	324,995,000
Marketable debt securities	49,995,000
Treasury discount notes \| Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents	0
Marketable debt securities	0
Time deposits
Assets:
Cash equivalents	2,721,000	23,040,000
Time deposits \| Quoted Market Prices in Active Markets for Identical Assets (Level 1)
Assets:
Cash equivalents	0	0
Time deposits \| Significant Other Observable Inputs (Level 2)
Assets:
Cash equivalents	2,721,000	23,040,000
Time deposits \| Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$ 0	$ 0

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Carrying Value and Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt issuance costs	$ 7,723	$ 1,804
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Current portion of long-term debt	0	(13,750)
Long-term debt, net	(712,277)	(231,946)
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Current portion of long-term debt	0	(13,681)
Long-term debt, net	$ (725,700)	$ (232,581)

LONG-TERM DEBT - Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Aug. 20, 2020	Dec. 31, 2019
Debt Instrument
Total long-term debt	$ 720,000		$ 247,500
Current portion of long-term debt	0		13,750
Less: unamortized debt issuance costs	7,723		1,804
Total long-term debt, net	712,277		231,946
3.875% Senior Notes \| Senior Notes
Debt Instrument
Total long-term debt	500,000		0
Interest rate, stated percentage		3.875%
ANGI Group Term Loan due November 5, 2023 \| Loans Payable
Debt Instrument
Total long-term debt	$ 220,000		$ 247,500

LONG-TERM DEBT - Debt Redemption (Details) - 3.875% Senior Notes - Senior Notes	Aug. 20, 2020
Debt Instrument, Redemption, Period One
Debt Instrument, Redemption [Line Items]
Redemption price (as a percent)	101.938%
Debt Instrument, Redemption, Period Two
Debt Instrument, Redemption [Line Items]
Redemption price (as a percent)	100.969%
Debt Instrument, Redemption, Period Three
Debt Instrument, Redemption [Line Items]
Redemption price (as a percent)	100.00%

LONG-TERM DEBT - Narrative (Details)	10 Months Ended	12 Months Ended
LONG-TERM DEBT - Narrative (Details)	Nov. 05, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Aug. 20, 2020 USD ($)	Nov. 05, 2018 USD ($)
Debt Instrument
Total long-term debt			$ 720,000,000	$ 247,500,000
ANGI Homeservices Credit Facility \| Revolving Credit Facility
Debt Instrument
Maximum borrowing capacity						$ 250,000,000.0
Credit facility borrowings outstanding			$ 0	$ 0
Commitment fee rate (as a percent)			0.35%	0.25%
Loans Payable \| ANGI Group Term Loan due November 5, 2023
Debt Instrument
Total long-term debt			$ 220,000,000	$ 247,500,000
Prepaid debt principal payments			$ 13,800,000
Basis spread on variable rate (as a percent)			2.16%	3.25%
Loans Payable \| ANGI Group Term Loan due November 5, 2023 \| Minimum
Debt Instrument
Interest coverage ratio			2.0
Loans Payable \| ANGI Group Term Loan due November 5, 2023 \| Maximum
Debt Instrument
Leverage ratio			4.5
Leverage ratio limiting ability to pay dividends, make distributions, or repurchase stock			4.25
Loans Payable \| ANGI Group Term Loan due November 5, 2023 \| LIBOR
Debt Instrument
Basis spread on variable rate (as a percent)			2.00%	1.50%
Senior Notes \| 3.875% Senior Notes
Debt Instrument
Debt instrument, face amount					$ 500,000,000.0
Leverage ratio, maximum			3.75
Total long-term debt			$ 500,000,000	$ 0
Forecast \| Loans Payable \| ANGI Group Term Loan due November 5, 2023
Debt Instrument
Quarterly principal repayments	$ 10,300,000	$ 6,900,000
Final principal payment	$ 161,600,000

LONG-TERM DEBT - Aggregate Contractual Maturities of Long-Term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Debt Disclosure [Abstract]
2022	$ 27,500
2023	192,500
2028	500,000
Total	720,000
Less: unamortized debt issuance costs	7,723	$ 1,804
Total long-term debt, net	$ 712,277	$ 231,946

SHAREHOLDERS' EQUITY - Narrative (Details) $ in Millions	12 Months Ended
SHAREHOLDERS' EQUITY - Narrative (Details) $ in Millions	Dec. 31, 2020 USD ($) vote shares	Mar. 09, 2020 shares	Dec. 31, 2019 shares	Feb. 06, 2019 shares
Class of Stock [Line Items]
Stock authorized for repurchase (shares)		20,000,000		15,000,000
Stock repurchased during period (shares)	8,400,000
Shares repurchased during period, value \| $	$ 62.6
Remaining stock authorized for repurchase (shares)	19,300,000
Class A Common Stock
Class of Stock [Line Items]
Votes per each share of stock \| vote	1
Common stock outstanding (shares)	78,333,000		79,681,000
Common stock reserved (shares)	40,200,000
Class B Convertible Common Stock
Class of Stock [Line Items]
Votes per each share of stock \| vote	10
Common stock outstanding (shares)	421,862,000		421,570,000
Class C Common Stock
Class of Stock [Line Items]
Common stock outstanding (shares)	0		0
Delaware \| Class C Common Stock
Class of Stock [Line Items]
Fractional votes for each share of common stock \| vote	0.01
IAC \| Class B Convertible Common Stock
Class of Stock [Line Items]
Common stock outstanding (shares)	421,900,000
ANGI Homeservices \| IAC \| Class B Convertible Common Stock
Class of Stock [Line Items]
Ownership interest (as a percent)	84.30%
Voting interest (as a percent)	98.20%
Minimum proportion of non-voting capital stock that parent is enabled to maintain upon issuance of new stock (as a percent)	80.10%

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Summary (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accumulated Other Comprehensive Loss
Balance at beginning of period	$ 1,314,288
Other comprehensive income (loss) before reclassifications	6,016	$ 482	$ (4,041)
Amounts reclassified to earnings			(52)
Other comprehensive income	6,016	482	(4,093)
Balance at end of period	1,272,290	1,314,288
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Loss
Balance at beginning of period	(1,379)	(1,864)	2,232
Other comprehensive income (loss) before reclassifications	6,016	485	(4,044)
Amounts reclassified to earnings			(52)
Other comprehensive income	6,016	485	(4,096)
Balance at end of period	4,637	(1,379)	(1,864)
Unrealized Gains On Available-For-Sale Debt Securities
Accumulated Other Comprehensive Loss
Balance at beginning of period	0	3	0
Other comprehensive income (loss) before reclassifications	0	(3)	3
Amounts reclassified to earnings			0
Other comprehensive income	0	(3)	3
Balance at end of period	0	0	3
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive Loss
Balance at beginning of period	(1,379)	(1,861)	2,232
Balance at end of period	$ 4,637	$ (1,379)	$ (1,861)

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

+ References + Details

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income tax expense (benefit)	$ (15,168,000)	$ (1,668,000)	$ (7,483,000)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income tax expense (benefit)	$ 0	$ 0	$ 0

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

EARNINGS PER SHARE - Summary (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Numerator, Basic
Net (loss) earnings									$ (4,160)	$ 35,314	$ 77,507
Net earnings attributable to noncontrolling interests									(2,123)	(485)	(189)
Net (loss) earnings attributable to ANGI Homeservices Inc. shareholders	$ (14,464)	$ 4,472	$ 12,667	$ (8,958)	$ (107)	$ 17,999	$ 6,968	$ 9,969
Numerator, Diluted
Net (loss) earnings									(4,160)	35,314	77,507
Net earnings attributable to noncontrolling interests									(2,123)	(485)	(189)
Net Income (Loss) Available to Common Stockholders, Diluted									$ (6,283)	$ 34,829	$ 77,318
Denominator, Basic
Weighted average basic shares outstanding (shares)									498,159	504,875	484,232
Denominator, Diluted
Weighted average basic shares outstanding (shares)									498,159	504,875	484,232
Dilutive securities (shares)									0	13,044	29,365
Weighted average diluted shares outstanding (shares)									498,159	517,919	513,597
(Loss) earnings per share attributable to ANGI Homeservices Inc. shareholders:
Basic (loss) earnings per share (USD per share)	$ (0.03)	$ 0.01	$ 0.03	$ (0.02)	$ (0.00)	$ 0.04	$ 0.01	$ 0.02	$ (0.01)	$ 0.07	$ 0.16
Diluted (loss) earnings per share (USD per share)	$ (0.03)	$ 0.01	$ 0.02	$ (0.02)	$ (0.00)	$ 0.04	$ 0.01	$ 0.02	$ (0.01)	$ 0.07	$ 0.15
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from calculation of diluted earnings per share (shares)									24,900	5,500	3,100
PSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from calculation of diluted earnings per share (shares)										900	1,300

STOCK-BASED COMPENSATION - Narrative (Details)	3 Months Ended	12 Months Ended
STOCK-BASED COMPENSATION - Narrative (Details)	Dec. 31, 2020 USD ($) shares	Dec. 31, 2020 USD ($) plan installment $ / shares shares	Dec. 31, 2019 USD ($) $ / shares shares	Dec. 31, 2018 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award
Number of active stock-based compensation plans \| plan		1
Shares available for grant (in shares) \| shares	15,200,000	15,200,000
Unrecognized compensation cost, net of estimated forfeitures	$ 77,200,000	$ 77,200,000
Weighted average period over which cost is expected to be recognized (in years)		2 years 2 months 12 days
Tax benefit recognized related to stock-based compensation		$ 24,300,000	$ 28,800,000	$ 49,500,000
Intrinsic value of stock options exercised		$ 120,900,000	$ 107,500,000	$ 151,200,000
Stock options granted in period (shares) \| shares	0	0	0	0
Incremental compensation cost from modification recognized in year of modification		$ 21,100,000	$ 29,000,000.0	$ 56,900,000
Incremental compensation cost from modification recognized in future period		900,000
Accelerated cost				3,900,000
Cash received from stock option exercises		0	573,000	4,693,000
Cash remitted in stock issuance assuming conversion		$ (2,914,000)	$ (12,768,000)	(25,184,000)
Assumed withholding rate (as a percent)		50.00%
Stock options outstanding (shares) \| shares	10,689,000	10,689,000	23,984,000
2017 Plan
Share-based Compensation Arrangement by Share-based Payment Award
Stated term (in years)		10 years
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period (in years)		4 years
Tax benefit realized from stock option exercises		$ 11,400,000	$ 27,900,000	$ 40,200,000
Stock Appreciation Rights (SARs)
Share-based Compensation Arrangement by Share-based Payment Award
Accelerated cost	$ 6,800,000
Stock issued assuming conversion (shares) \| shares		3,400,000
Cash remitted in stock issuance assuming conversion		$ 45,200,000
RSUs & Subsidiary Denominated Equity Instruments
Share-based Compensation Arrangement by Share-based Payment Award
Stock issued assuming conversion (shares) \| shares		6,000,000.0
Cash remitted in stock issuance assuming conversion		$ 76,800,000
RSUs
Share-based Compensation Arrangement by Share-based Payment Award
Number of installments \| installment		2
Vesting rate (as a percent)		50.00%
Accelerated cost	$ 7,300,000
Weighted average grant date fair value (USD per share) \| $ / shares		$ 7.37	$ 13.16	$ 18.08
Equity units granted (shares) \| shares		6,962,000
Fair value of RSU's that vested during the period		$ 23,400,000	$ 16,100,000	$ 19,500,000
Vested (shares) \| shares		2,128,000
Subsidiary Denominated Equity Instruments
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period (in years)		4 years
MSUs
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period (in years)		2 years
Number of installments \| installment		5
Weighted average grant date fair value (USD per share) \| $ / shares		$ 0	$ 3.67
Equity units granted (shares) \| shares		0		0
Fair value of RSU's that vested during the period		$ 5,200,000	$ 3,200,000
Vested (shares) \| shares		738,000
PSUs
Share-based Compensation Arrangement by Share-based Payment Award
Weighted average grant date fair value (USD per share) \| $ / shares		$ 6.92	$ 15.93
Equity units granted (shares) \| shares		1,844,000
Vested (shares) \| shares		0	0	0
Minimum \| RSUs
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period (in years)		3 years
Minimum \| PSUs
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period (in years)		2 years
Maximum \| RSUs
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period (in years)		4 years
Maximum \| PSUs
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period (in years)		5 years

STOCK-BASED COMPENSATION - Changes in Outstanding Stock Options (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Shares
Balance at beginning of period (shares)		23,984,000
Granted (shares)	0	0	0	0
Exercised (shares)	(12,931,000)
Forfeited (shares)	(352,000)
Expired (shares)	(12,000)
Balance at end of period (shares)	10,689,000	10,689,000	23,984,000
Options exercisable (shares)	8,944,000	8,944,000
Weighted Average Exercise Price
Balance at beginning of period (USD per share)		$ 3.89
Granted (USD per share)	$ 0
Exercised (USD per share)	3.18
Forfeited (USD per share)	6.16
Expired (USD per share)	15.03
Balance at end of period (USD per share)	4.67	4.67	$ 3.89
Options exercisable (USD per share)	$ 4.59	$ 4.59
Weighted Average Remaining Contractual Term (In Years)
Balance at end of period		5 years 8 months 4 days
Options exercisable		5 years 7 months 2 days
Aggregate Intrinsic Value
Balance at end of period	$ 92,080.00	$ 92,080.00
Options exercisable	$ 77,970	$ 77,970

STOCK-BASED COMPENSATION - Information for Stock Options Outstanding and Exercisable (Details) shares in Thousands	12 Months Ended
	Dec. 31, 2020 $ / shares shares
$0.01 to $3.00
Awards Exercisable
Exercise price range, lower limit (USD per share)	$ 0.01
Exercise price range, upper limit (USD per share)	3.00
$3.01 to $6.00
Awards Exercisable
Exercise price range, lower limit (USD per share)	3.01
Exercise price range, upper limit (USD per share)	6.00
$6.01 to $9.00
Awards Exercisable
Exercise price range, lower limit (USD per share)	6.01
Exercise price range, upper limit (USD per share)	9.00
$9.01 to $12.00
Awards Exercisable
Exercise price range, lower limit (USD per share)	9.01
Exercise price range, upper limit (USD per share)	12.00
$12.01 to $15.00
Awards Exercisable
Exercise price range, lower limit (USD per share)	12.01
Exercise price range, upper limit (USD per share)	15.00
$15.01 to $18.00
Awards Exercisable
Exercise price range, lower limit (USD per share)	15.01
Exercise price range, upper limit (USD per share)	18.00
$18.01 to$21.00
Awards Exercisable
Exercise price range, lower limit (USD per share)	18.01
Exercise price range, upper limit (USD per share)	21.00
$21.01 to $24.00
Awards Exercisable
Exercise price range, lower limit (USD per share)	21.01
Exercise price range, upper limit (USD per share)	$ 24.00
Stock Options
Awards Outstanding
Options outstanding (shares) \| shares	10,689
Weighted average remaining contractual life in years	5 years 8 months 12 days
Weighted-average exercise price (USD per share)	$ 4.67
Awards Exercisable
Options exercisable (shares) \| shares	8,944
Weighted average remaining contractual life in years	5 years 7 months 6 days
Weighted-average exercise price (USD per share)	$ 4.59
Stock Options \| $0.01 to $3.00
Awards Outstanding
Options outstanding (shares) \| shares	2,864
Weighted average remaining contractual life in years	4 years 10 months 24 days
Weighted-average exercise price (USD per share)	$ 2.29
Awards Exercisable
Options exercisable (shares) \| shares	2,864
Weighted average remaining contractual life in years	4 years 10 months 24 days
Weighted-average exercise price (USD per share)	$ 2.29
Stock Options \| $3.01 to $6.00
Awards Outstanding
Options outstanding (shares) \| shares	6,814
Weighted average remaining contractual life in years	6 years 1 month 6 days
Weighted-average exercise price (USD per share)	$ 4.53
Awards Exercisable
Options exercisable (shares) \| shares	5,213
Weighted average remaining contractual life in years	6 years 1 month 6 days
Weighted-average exercise price (USD per share)	$ 4.53
Stock Options \| $6.01 to $9.00
Awards Outstanding
Options outstanding (shares) \| shares	106
Weighted average remaining contractual life in years	4 years
Weighted-average exercise price (USD per share)	$ 8.04
Awards Exercisable
Options exercisable (shares) \| shares	106
Weighted average remaining contractual life in years	4 years
Weighted-average exercise price (USD per share)	$ 8.04
Stock Options \| $9.01 to $12.00
Awards Outstanding
Options outstanding (shares) \| shares	405
Weighted average remaining contractual life in years	6 years
Weighted-average exercise price (USD per share)	$ 10.54
Awards Exercisable
Options exercisable (shares) \| shares	324
Weighted average remaining contractual life in years	5 years 8 months 12 days
Weighted-average exercise price (USD per share)	$ 10.47
Stock Options \| $12.01 to $15.00
Awards Outstanding
Options outstanding (shares) \| shares	369
Weighted average remaining contractual life in years	5 years 6 months
Weighted-average exercise price (USD per share)	$ 12.94
Awards Exercisable
Options exercisable (shares) \| shares	306
Weighted average remaining contractual life in years	5 years 3 months 18 days
Weighted-average exercise price (USD per share)	$ 12.98
Stock Options \| $15.01 to $18.00
Awards Outstanding
Options outstanding (shares) \| shares	0
Weighted-average exercise price (USD per share)	$ 0
Awards Exercisable
Options exercisable (shares) \| shares	0
Weighted-average exercise price (USD per share)	$ 0
Stock Options \| $18.01 to$21.00
Awards Outstanding
Options outstanding (shares) \| shares	115
Weighted average remaining contractual life in years	2 years 2 months 12 days
Weighted-average exercise price (USD per share)	$ 19.88
Awards Exercisable
Options exercisable (shares) \| shares	115
Weighted average remaining contractual life in years	2 years 2 months 12 days
Weighted-average exercise price (USD per share)	$ 19.88
Stock Options \| $21.01 to $24.00
Awards Outstanding
Options outstanding (shares) \| shares	16
Weighted average remaining contractual life in years	2 years 7 months 6 days
Weighted-average exercise price (USD per share)	$ 22.02
Awards Exercisable
Options exercisable (shares) \| shares	16
Weighted average remaining contractual life in years	2 years 7 months 6 days
Weighted-average exercise price (USD per share)	$ 22.02

STOCK-BASED COMPENSATION - Outstanding Unvested RSUs, MSUs, and PSUs (Details) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
RSUs
Number of Shares
Balance at beginning of the period (shares)	5,660,000
Granted (shares)	6,962,000
Vested (shares)	(2,128,000)
Forfeited (shares)	(934,000)
Balance at end of the period (shares)	9,560,000	5,660,000
Weighted Average Grant Date Fair Value
Balance at beginning of the period (USD per share)	$ 15.29
Granted (USD per share)	7.37	$ 13.16	$ 18.08
Vested (USD per share)	13.78
Forfeited (USD per share)	11.93
Balance at end of the period (USD per share)	$ 10.19	$ 15.29
MSUs
Number of Shares
Balance at beginning of the period (shares)	3,503,000
Granted (shares)	0		0
Vested (shares)	(738,000)
Forfeited (shares)	(269,000)
Balance at end of the period (shares)	2,496,000	3,503,000
Weighted Average Grant Date Fair Value
Balance at beginning of the period (USD per share)	$ 3.62
Granted (USD per share)	0	$ 3.67
Vested (USD per share)	6.8
Forfeited (USD per share)	6.8
Balance at end of the period (USD per share)	$ 7.82	$ 3.62
PSUs
Number of Shares
Balance at beginning of the period (shares)	881,000
Granted (shares)	1,844,000
Vested (shares)	0	0	0
Forfeited (shares)	(767,000)
Balance at end of the period (shares)	1,958,000	881,000
Weighted Average Grant Date Fair Value
Balance at beginning of the period (USD per share)	$ 15.89
Granted (USD per share)	6.92	$ 15.93
Vested (USD per share)	0
Forfeited (USD per share)	16.4
Balance at end of the period (USD per share)	$ 5.11	$ 15.89

SEGMENT INFORMATION - Revenue by Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Revenue	$ 359,301	$ 389,913	$ 375,061	$ 343,650	$ 321,508	$ 357,358	$ 343,896	$ 303,443	$ 1,467,925	$ 1,326,205	$ 1,132,241
North America
Segment Reporting Information [Line Items]
Revenue									1,395,428	1,249,892	1,062,171
Europe
Segment Reporting Information [Line Items]
Revenue									$ 72,497	$ 76,313	$ 70,070

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

SEGMENT INFORMATION - Revenue Disaggregated by Service (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Revenue	$ 359,301	$ 389,913	$ 375,061	$ 343,650	$ 321,508	$ 357,358	$ 343,896	$ 303,443	$ 1,467,925	$ 1,326,205	$ 1,132,241
Felix
Segment Reporting Information [Line Items]
Revenue											36,900
North America
Segment Reporting Information [Line Items]
Revenue									1,395,428	1,249,892	1,062,171
Europe
Segment Reporting Information [Line Items]
Revenue									72,497	76,313	70,070
Total Marketplace revenue \| North America
Segment Reporting Information [Line Items]
Revenue									1,131,320	992,668	774,495
Consumer connection revenue \| North America
Segment Reporting Information [Line Items]
Revenue									1,054,660	913,533	704,341
Consumer connection revenue \| Europe
Segment Reporting Information [Line Items]
Revenue									57,692	59,611	50,913
Service professional membership subscription revenue \| North America
Segment Reporting Information [Line Items]
Revenue									50,975	63,872	66,214
Service professional membership subscription revenue \| Europe
Segment Reporting Information [Line Items]
Revenue									13,091	14,231	17,362
Other revenue \| North America
Segment Reporting Information [Line Items]
Revenue									25,685	15,263	3,940
Advertising and other revenue \| North America
Segment Reporting Information [Line Items]
Revenue									264,108	257,224	287,676
Advertising and other revenue \| Europe
Segment Reporting Information [Line Items]
Revenue									$ 1,714	$ 2,471	$ 1,795

SEGMENT INFORMATION - Revenue and Long-Lived Assets (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenue and Long-lived Assets by Geography
Revenue	$ 359,301	$ 389,913	$ 375,061	$ 343,650	$ 321,508	$ 357,358	$ 343,896	$ 303,443	$ 1,467,925	$ 1,326,205	$ 1,132,241
Long-lived assets (excluding goodwill and intangible assets)	108,842				103,361				108,842	103,361
United States
Revenue and Long-lived Assets by Geography
Revenue									1,379,236	1,234,755	$ 1,050,641
Long-lived assets (excluding goodwill and intangible assets)	97,841				95,822				$ 97,841	$ 95,822
United States \| Geographic Concentration Risk
Revenue and Long-lived Assets by Geography
Revenue concentration risk percentage (greater than)									95.00%
United States \| Revenue Benchmark \| Geographic Concentration Risk
Revenue and Long-lived Assets by Geography
Revenue concentration risk percentage (greater than)									10.00%	10.00%	10.00%
All other countries
Revenue and Long-lived Assets by Geography
Revenue									$ 88,689	$ 91,450	$ 81,600
Long-lived assets (excluding goodwill and intangible assets)	$ 11,001				$ 7,539				$ 11,001	$ 7,539

- Definition

+ References

+ Details

SEGMENT INFORMATION - Operating Income (loss) and Adjusted EBITDA by Segment (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Operating (loss) income	$ (4,697)	$ (3,019)	$ 17,644	$ (16,296)	$ 6,157	$ 24,726	$ 11,403	$ (3,641)	$ (6,368)	$ 38,645	$ 63,906
North America
Segment Reporting Information [Line Items]
Operating (loss) income									4,811	48,967	78,102
Adjusted EBITDA									178,854	208,192	253,963
Europe
Segment Reporting Information [Line Items]
Operating (loss) income									(11,179)	(10,322)	(14,196)
Adjusted EBITDA									$ (6,050)	$ (5,895)	$ (6,457)

SEGMENT INFORMATION - Reconciliation of Adjusted EBITDA to Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting, Other Significant Reconciling Item
Operating (loss) income	$ (4,697)	$ (3,019)	$ 17,644	$ (16,296)	$ 6,157	$ 24,726	$ 11,403	$ (3,641)	$ (6,368)	$ 38,645	$ 63,906
Stock-based compensation expense									83,649	68,255	97,078
Depreciation									52,621	39,915	24,310
Amortization of intangibles									42,902	55,482	62,212
Interest expense									(14,178)	(11,493)	(11,623)
Other income, net									1,218	6,494	17,741
(Loss) earnings before income taxes									(19,328)	33,646	70,024
Income tax benefit									15,168	1,668	7,483
Net (loss) earnings									(4,160)	35,314	77,507
Net earnings attributable to noncontrolling interests									(2,123)	(485)	(189)
Net (loss) earnings attributable to ANGI Homeservices Inc. shareholders	$ (14,464)	$ 4,472	$ 12,667	$ (8,958)	$ (107)	$ 17,999	$ 6,968	$ 9,969
North America
Segment Reporting, Other Significant Reconciling Item
Operating (loss) income									4,811	48,967	78,102
Stock-based compensation expense									82,933	67,646	96,078
Depreciation									48,515	37,481	21,888
Amortization of intangibles									42,595	54,098	57,895
Adjusted EBITDA									178,854	208,192	253,963
Europe
Segment Reporting, Other Significant Reconciling Item
Operating (loss) income									(11,179)	(10,322)	(14,196)
Stock-based compensation expense									716	609	1,000
Depreciation									4,106	2,434	2,422
Amortization of intangibles									307	1,384	4,317
Adjusted EBITDA									$ (6,050)	$ (5,895)	$ (6,457)

SEGMENT INFORMATION - Capital Expenditures by Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Capital expenditures	$ 52,488	$ 68,804	$ 46,976
North America
Segment Reporting Information [Line Items]
Capital expenditures	50,462	64,215	42,976
Europe
Segment Reporting Information [Line Items]
Capital expenditures	$ 2,026	$ 4,589	$ 4,000

LEASES - Balance Sheet Information (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Assets:
Other non-current assets	$ 87,559	$ 101,243
Liabilities:
Current lease liabilities	15,700	13,234
Long-term lease liabilities	103,575	119,375
Total lease liabilities	$ 119,275	$ 132,609
Operating lease, right-of-use asset, balance sheet location [Extensible List]	us-gaap:OtherAssetsNoncurrent	us-gaap:OtherAssetsNoncurrent
Operating lease, liability, current, balance sheet location [Extensible List]	us-gaap:LiabilitiesCurrentAbstract	us-gaap:LiabilitiesCurrentAbstract
Operating lease, liability, noncurrent, balance sheet location [Extensible List]	us-gaap:OtherLiabilitiesNoncurrent	us-gaap:OtherLiabilitiesNoncurrent

LEASES - Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
LEASES - Lease Cost (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Fixed lease cost	$ 19,627	$ 18,557
Variable lease cost	4,748	2,901
Net lease cost	24,375	21,458
Short-term Lease, Cost	40	600
Sublease Income	1,800	1,400
Cost of revenue
Lessee, Lease, Description [Line Items]
Fixed lease cost	321	207
Variable lease cost	0	0
Selling and marketing expense
Lessee, Lease, Description [Line Items]
Fixed lease cost	9,913	9,277
Variable lease cost	2,314	1,572
General and administrative expense
Lessee, Lease, Description [Line Items]
Fixed lease cost	7,545	7,617
Variable lease cost	1,567	1,021
Product development expense
Lessee, Lease, Description [Line Items]
Fixed lease cost	1,848	1,456
Variable lease cost	$ 867	$ 308

LEASES - Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
2021	$ 22,321
2022	21,514
2023	20,512
2024	19,994
2025	19,193
Thereafter	43,376
Total	146,910
Less: Interest	27,635
Present value of lease liabilities	119,275	$ 132,609
Leases not yet commenced	$ 100

LEASES - Weighted-Average Remaining Term and Discount Rate (Details)	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Remaining lease term (in years)	6 years 10 months 24 days	7 years 8 months 12 days
Discount rate (percent)	5.91%	5.99%

LEASES - Other Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Right-of-use assets obtained in exchange for lease liabilities	$ 326	$ 58,701
Cash paid for amounts included in the measurement of lease liabilities	$ 20,939	$ 18,363

COMMITMENTS AND CONTINGENCIES - Commercial Commitments Outstanding (Details) - Purchase obligations $ in Thousands	Dec. 31, 2020 USD ($)
Other Commitments [Line Items]
Less Than 1 Year	$ 12,916
1–3 Years	22
3–5 Years	0
More Than 5 Years	0
Total	$ 12,938

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Other Commitments [Line Items]
Loss contingency reserve	$ 0
Purchase Commitment - Three Year Cloud Computing
Other Commitments [Line Items]
Commercial commitments due in the next twelve months	$ 5,600,000
Term of commercial commitment (in years)	3 years
Purchase obligations	$ 15,600,000
Payments of commercial commitments	3,200,000	$ 5,600,000
Prepaid asset	4,200,000	$ 4,300,000
Purchase Commitments - Advertising
Other Commitments [Line Items]
Commercial commitments due in the next twelve months	$ 7,300,000

RELATED PARTY TRANSACTIONS WITH IAC - Narrative (Details) - USD ($) shares in Millions		3 Months Ended	12 Months Ended
	Oct. 10, 2018	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Services Agreement
Related Party Transaction [Line Items]
Automatic renewal periods for related party agreement			1 year
Employee Matters Agreement
Related Party Transaction [Line Items]
Voting interest (as a percent)			80.00%
IAC \| Services Agreement
Related Party Transaction [Line Items]
Payments received from related parties			$ 4,800,000	$ 4,800,000	$ 5,700,000
Amounts due to related party			0	0	$ 100,000
IAC \| Tax Sharing Agreement
Related Party Transaction [Line Items]
Payments of distributions to affiliates		$ 11,400,000
Taxes payable			$ 900,000	$ 200,000
IAC \| Employee Matters Agreement
Related Party Transaction [Line Items]
Shares received from related party pursuant to employee matters agreement (in shares)			0.3	0.5	0.9
IAC \| Sublease Agreement
Related Party Transaction [Line Items]
Payments received from related parties			$ 1,800,000	$ 1,400,000
IAC \| Angie's List Transaction Agreement \| Class B Common Stock
Related Party Transaction [Line Items]
Stock received from related party (shares)	5.1
IAC \| Tax Sharing Agreement
Related Party Transaction [Line Items]
Refunds received from related party			3,100,000
IAC \| Sublease Agreement
Related Party Transaction [Line Items]
Amounts due from related party			$ 100,000	$ 100,000

BENEFIT PLANS - Narrative (Details) - HomeAdvisor - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Defined Contribution Plan Disclosure
Employee contribution limit per calendar year (as a percent of pre-tax earnings)	50.00%
Employer contribution limit per calendar year (as a percent of compensation)	3.00%
United States
Defined Contribution Plan Disclosure
Defined contribution plan contributions	$ 7.7	$ 6.3	$ 5.6
Foreign Plan
Defined Contribution Plan Disclosure
Defined contribution plan contributions	$ 0.6	$ 0.5	$ 0.4

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 812,705	$ 390,565
Restricted cash included in other current assets	407	504
Restricted cash included in other non-current assets	449	409
Total cash and cash equivalents and restricted cash as shown on the consolidated statement of cash flows	$ 813,561	$ 391,478	$ 338,821	$ 221,521

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Other current assets:
Capitalized costs to obtain a contract with a customer	$ 49,194	$ 35,103
Prepaid expenses	17,742	21,790
Other	5,022	10,866
Other current assets	$ 71,958	$ 67,759

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Property and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Capitalized software, leasehold improvements and equipment, net:
Capitalized software, leasehold improvements and equipment	$ 204,280	$ 171,588
Accumulated depreciation and amortization	(95,438)	(68,227)
Capitalized software, leasehold improvements and equipment, net	108,842	103,361
Capitalized software and computer equipment
Capitalized software, leasehold improvements and equipment, net:
Capitalized software, leasehold improvements and equipment	132,026	105,956
Leasehold improvements
Capitalized software, leasehold improvements and equipment, net:
Capitalized software, leasehold improvements and equipment	31,864	32,559
Furniture and other equipment
Capitalized software, leasehold improvements and equipment, net:
Capitalized software, leasehold improvements and equipment	13,252	13,435
Projects in progress
Capitalized software, leasehold improvements and equipment, net:
Capitalized software, leasehold improvements and equipment	$ 27,138	$ 19,638

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Accrued employee compensation and benefits
Accrued advertising expense	$ 30,033	$ 29,682
Accrued employee compensation and benefits	47,310	28,630
Current lease liabilities	15,700	13,234
Other	55,176	45,451
Accrued expenses and other current liabilities	$ 148,219	$ 116,997

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Other Income (Expense), Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Other income, net	$ 1,218	$ 6,494	$ 17,741

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Narrative (Details) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Oct. 19, 2018	Oct. 10, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest income	$ 1,700	$ 8,000	$ 4,800
Other expense	500
Mark-to-market loss related for an indemnification claim related to the Handy acquisition		1,800
Gain from the sale of a business	$ (273)	(218)	13,237
Other Nonoperating Income (Expense)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Foreign currency exchange gain (loss)		$ 600
Class A Common Stock
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Common stock issued (shares)	94,238	87,007
Common stock	$ 94	$ 87
Class B Common Stock
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Common stock issued (shares)	421,862	421,570
Common stock	$ 422	$ 422
Angie's List Transaction Agreement \| ANGI Homeservices \| Class B Common Stock
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Common stock issued (shares)					5,100
Handy
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Common stock issued (shares)				8,600
Common stock				$ 165,800
Handy \| ANGI Homeservices \| Class A Common Stock
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Common stock issued (shares)				8,600
Common stock				$ 165,800
Felix
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain from the sale of a business			$ 13,200

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash paid (received) during the year for:
Interest expense—third-party	$ 5,367	$ 10,290	$ 12,148
Interest expense—related party	0	54	155
Income tax payments, including amounts paid to IAC for ANGI Homeservices' share of IAC's consolidated tax liability	1,789	12,224	332
Income tax refunds, including amounts received from IAC for ANGI Homeservices' share of IAC's consolidated tax liability	$ (3,506)	$ (957)	$ (172)

QUARTERLY RESULTS (UNAUDITED) - Summary (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Selected Quarterly Financial Information [Abstract]
Revenue	$ 359,301	$ 389,913	$ 375,061	$ 343,650	$ 321,508	$ 357,358	$ 343,896	$ 303,443	$ 1,467,925	$ 1,326,205	$ 1,132,241
Cost of revenue	50,757	48,253	41,042	33,229	12,448	13,312	10,722	10,011	173,281	46,493	55,739
Operating (loss) income	(4,697)	(3,019)	17,644	(16,296)	6,157	24,726	11,403	(3,641)	$ (6,368)	$ 38,645	$ 63,906
Net (loss) earnings	(13,390)	5,203	13,211	(9,184)	(95)	18,324	7,234	9,851
Net (loss) earnings attributable to ANGI Homeservices Inc. shareholders	$ (14,464)	$ 4,472	$ 12,667	$ (8,958)	$ (107)	$ 17,999	$ 6,968	$ 9,969
(Loss) earnings per share attributable to ANGI Homeservices Inc. shareholders:
Basic (loss) earnings per share (USD per share)	$ (0.03)	$ 0.01	$ 0.03	$ (0.02)	$ (0.00)	$ 0.04	$ 0.01	$ 0.02	$ (0.01)	$ 0.07	$ 0.16
Diluted (loss) earnings per share (USD per share)	$ (0.03)	$ 0.01	$ 0.02	$ (0.02)	$ (0.00)	$ 0.04	$ 0.01	$ 0.02	$ (0.01)	$ 0.07	$ 0.15
Stock-based compensation expense									$ 83,649	$ 68,255	$ 97,078
HomeAdvisor
(Loss) earnings per share attributable to ANGI Homeservices Inc. shareholders:
Stock-based compensation expense	$ 1,500	$ 4,000	$ 2,600	$ 8,800	$ 5,600	$ 5,700	$ 6,200	$ 7,300

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Credit loss reserves
Movement in Valuation Allowances and Reserves
Balance at Beginning of Period	$ 19,066	$ 15,622	$ 8,375
Charges to Earnings	78,229	64,278	47,242
Charges to Other Accounts	(152)	(46)	(501)
Deductions	(71,097)	(60,788)	(39,494)
Balance at End of Period	26,046	19,066	15,622
Revenue reserves
Movement in Valuation Allowances and Reserves
Balance at Beginning of Period	1,227	981	888
Charges to Earnings	103,627	111,069	86,901
Charges to Other Accounts	0	(2)	(5)
Deductions	(103,061)	(110,821)	(86,803)
Balance at End of Period	1,793	1,227	981
Deferred tax valuation allowance
Movement in Valuation Allowances and Reserves
Balance at Beginning of Period	71,472	58,903	61,563
Charges to Earnings	(235)	14,083	(599)
Charges to Other Accounts	5,839	(1,514)	(2,061)
Deductions	0	0	0
Balance at End of Period	77,076	71,472	58,903
Other reserves
Movement in Valuation Allowances and Reserves
Balance at Beginning of Period	5,057	3,919	0
Balance at End of Period	$ 7,495	$ 5,057	$ 3,919

Label	Element	Value
Accounting Standards Update [Extensible List]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2014-09 [Member]

- Definition

Indicates amendment to accounting standards.

+ References

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-Publisher FASB
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+ Details