Annual report pursuant to Section 13 and 15(d)

Divestiture of Disc Publishing (Tables)

v2.4.1.9
Divestiture of Disc Publishing (Tables)
12 Months Ended
Dec. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations, Income Statement and Balance Sheet
Revenue, operating income, gain on sale of business, income tax expense and net income from discontinued operations were as follows (in thousands):
 
 
 Years Ended December 31,
 
 
2014
 
2013
 
2012
Net revenue
 
$
29,922

 
$
64,736

 
$
69,607

Operating income
 
4,520

 
9,918

 
9,685

Gain on sale of discontinued operations
 
16,167

 

 

Income tax expense
 
6,955

 
3,336

 
4,374

Net income from discontinued operations, net of tax
 
13,823

 
6,402

 
5,193

Net loss from discontinued operations attributable to noncontrolling interest
 

 
125

 
259

Net income from discontinued operations attributable to Qumu
 
$
13,823

 
$
6,527

 
$
5,452

The major classes of assets and liabilities from discontinued operations were as follows (in thousands)
 
December 31,
2014
 
December 31,
2013
Receivables, net
$

 
$
8,778

Inventories

 
3,983

Other current assets
1,026

 
1,305

Current assets from discontinued operations
1,026

 
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

 
3,225

Accrued compensation
31

 
2,568

Deferred revenue

 
5,645

Other current liabilities
417

 
427

Current liabilities from discontinued operations
448

 
11,865

Non-current liabilities from discontinued operations
$

 
$
2,637