XML 21 R10.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Discontinued Operations (Notes) | 6 Months Ended
--- | ---
Jun. 30, 2018
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations, Policy [Policy Text Block] | 5. DISCONTINUED OPERATIONS On January 9, 2018, the Company completed the Big Fish Transaction which had a purchase price of $990.0 million. The Company received cash proceeds of $970.7 million which was net of $5.2 million of working capital adjustments and $14.1 million of transaction costs. The Company derecognized the following upon the Big Fish Transaction:
(in millions) |
Cash and cash equivalents | $ | 0.3 |
Accounts receivable | 34.7 |
Game software development, net | 6.7 |
Other current assets | 17.0 |
Property and equipment, net | 17.8 |
Game software development, net | 13.8 |
Goodwill | 530.7 |
Other intangible assets, net | 238.4 |
Other assets | 24.0 |
Accounts payable | (8.5 | )
Accrued expense | (22.6 | )
Deferred revenue | (44.2 | )
Deferred income taxes | (52.0 | )
Other liabilities | (4.9 | )
Carrying value of Big Fish Games | $ | 751.2 |
The Company recognized a gain of $219.5 million upon the sale recorded in income from discontinued operations on the condensed consolidated statement of comprehensive income for the six months ended June 30, 2018. The gain consisted of cash proceeds of $970.7 million offset by the carrying value of Big Fish Games of $751.2 million. The income tax provision on the gain was $51.2 million, resulting in an after tax gain of $168.3 million. The following table presents the financial results of Big Fish Games included in "(loss) income from discontinued operations, net of tax":
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in millions) | 2018 |  | 2017 |  | 2018 |  | 2017
Net revenue | $ | — |  |  | $ | 112.5 |  |  | $ | 13.2 |  |  | $ | 224.5 |
Operating expenses | — |  |  | 89.2 |  |  | 8.4 |  |  | 176.2 |
Selling, general and administrative expense | 0.6 |  |  | 6.7 |  |  | 4.9 |  |  | 12.2 |
Research and development | — |  |  | 9.9 |  |  | 0.9 |  |  | 20.2 |
Transaction expense, net | — |  |  | 0.2 |  |  | — |  |  | 0.4 |
Total operating expense | 0.6 |  |  | 106.0 |  |  | 14.2 |  |  | 209.0 |
Operating (loss) income | (0.6 | ) |  | 6.5 |  |  | (1.0 | ) |  | 15.5 |
Other income (expense) |  |  |  |  |  |  |
Gain on sale of Big Fish Games | — |  |  | — |  |  | 219.5 |  |  | — |
Other expense | — |  |  | (0.4 | ) |  | (0.1 | ) |  | (0.4 | )
Total other income (loss) | — |  |  | (0.4 | ) |  | 219.4 |  |  | (0.4 | )
(Loss) income from discontinued operations before provision for income taxes | (0.6 | ) |  | 6.1 |  |  | 218.4 |  |  | 15.1 |
Income tax benefit (provision) | 0.5 |  |  | (0.5 | ) |  | (50.6 | ) |  | (4.4 | )
(Loss) income from discontinued operations, net of tax | $ | (0.1 | ) |  | $ | 5.6 |  |  | $ | 167.8 |  |  | $ | 10.7 |
Stock-Based Compensation For the six months ended June 30, 2018, the Company recognized $3.4 million of stock-based compensation expense related to Big Fish Games, which included the impact of the accelerated vesting dates of restricted stock awards held by Big Fish Games' employees in conjunction with the Big Fish Transaction. Earnout Liabilities As of December 31, 2017, we had $34.2 million of deferred earnout consideration and $28.4 million of deferred payments due to the founder of Big Fish Games, both of which were paid on January 3, 2018.

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of accounting policy for discontinued operations. Includes, but is not limited to, method of interest allocation to a discontinued operation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section S99 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26872618&loc=d3e7436-122677 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_DiscontinuedOperationsPolicyTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration