Qumu Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Divestiture of Disc Publishing (Tables)

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

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References + Details