Quarterly report pursuant to Section 13 or 15(d)

Divestiture of Disc Publishing Business (Tables)

v2.4.0.8
Divestiture of Disc Publishing Business (Tables)
9 Months Ended
Sep. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued operations net income and major classes of assets and liabilities
The major classes of assets and liabilities from discontinued operations were as follows (in thousands):
 
September 30,
2014
 
December 31,
2013
Receivables, net
$

 
$
8,778

Inventories

 
3,983

Other current assets
1,097

 
1,305

Current assets from discontinued operations
1,097

 
14,066

Property and equipment, net

 
4,040

Intangible assets, net

 
352

Other assets - non-current

 
28

Non-current assets from discontinued operations

 
4,420

Trade accounts payables
19

 
3,225

Accrued compensation
30

 
2,568

Deferred revenue

 
5,645

Other current liabilities
367

 
427

Current liabilities from discontinued operations
416

 
11,865

Non-current liabilities from discontinued operations
$

 
$
2,637

Revenue, operating income, gain on sale of business, income tax expense and net income from discontinued operations were as follows (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Net revenue
$

 
$
16,689

 
$
29,922

 
$
48,255

Operating income
(97
)
 
3,481

 
4,520

 
7,117

Gain on sale of discontinued operations
16,182

 

 
16,182

 

Income tax expense
4,526

 
1,084

 
6,427

 
2,390

Net income from discontinued operations, net of tax
$
11,559

 
$
2,445

 
$
14,365

 
$
4,689