Discontinued Operations

Discontinued operations include the mobile touch operations that the Company acquired as part of its acquisition of Atmel. The mobile touch assets had been marketed for sale since the Company's acquisition of Atmel on April 4, 2016 based on management's decision that it was not a strategic fit for the Company's product portfolio. On November 10, 2016, the Company completed the sale of the mobile touch assets to Solomon Systech (Limited) International, a Hong Kong based semiconductor company. The transaction included the sale of certain semiconductor products, equipment, customer list, backlog, patents, and a license to certain other intellectual property and patents related to the Company's mobile touch product line. The Company also agreed to provide certain transition services to Solomon Systech, which were substantially complete as of March 31, 2017. For financial statement purposes, the results of operations for this discontinued business have been segregated from those of the continuing operations and are presented in the Company's condensed consolidated financial statements as discontinued operations.

As the Company completed the sale of the mobile touch assets on November 10, 2016, there are no discontinued operations for the three and six months ended September 30, 2017. The results of discontinued operations for the three and six months ended September 30, 2016 are as follows (amounts in thousands):



	September 30, 2016
	Three Months Ended			Six Months Ended
Net sales	$	8,035		$	17,411
Cost of sales	6,939			15,363
Operating expenses	2,946			9,371
Income tax benefit	(195		)	(1,530		)
Net loss from discontinued operations	$	(1,655	)	$	(5,793	)