Annual report pursuant to Section 13 and 15(d)

Divestiture of Disc Publishing (Tables)

v3.3.1.900
Divestiture of Disc Publishing (Tables)
12 Months Ended
Dec. 31, 2015
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):
 
 
 Year Ended December 31,
 
 
2015
 
2014
 
2013
Net revenue
 
$

 
$
29,922

 
$
64,736

Operating income
 

 
4,520

 
9,918

Gain on sale of discontinued operations
 

 
16,167

 

Income tax expense (benefit)
 
(92
)
 
6,955

 
3,336

Net income (loss) from discontinued operations, net of tax
 
(10
)
 
13,823

 
6,402

Net loss from discontinued operations attributable to noncontrolling interest
 

 

 
125

Net income (loss) from discontinued operations attributable to Qumu
 
$
(10
)
 
$
13,823

 
$
6,527

The major classes of assets and liabilities from discontinued operations were as follows (in thousands):
 
December 31,
2015
 
December 31,
2014
Current assets from discontinued operations
$

 
$
1,026

Accrued compensation
$

 
$
31

Other current liabilities
50

 
417

Current liabilities from discontinued operations
$
50

 
$
448