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Discontinued Operations (Tables) | 6 Months Ended
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Jun. 30, 2017
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | The following table presents the financial results of discontinued operations (in thousands):
| Quarter ended June 30, |  | Six months ended June 30,
| 2017 |  | 2016 |  | 2017 |  | 2016 (1)
Operating revenues | $ | 272,746 |  |  | $ | 334,807 |  |  | $ | 592,147 |  |  | $ | 659,280 |
Cost of revenue and SG&A expenses | 206,350 |  |  | 234,737 |  |  | 461,984 |  |  | 480,556 |
Depreciation | 9,700 |  |  | 8,149 |  |  | 19,570 |  |  | 15,531 |
Amortization | 16,670 |  |  | 22,476 |  |  | 40,300 |  |  | 44,773 |
Asset impairment and facility consolidation charges | 344,772 |  |  | — |  |  | 344,772 |  |  | — |
Total operating expenses | 577,492 |  |  | 265,362 |  |  | 866,626 |  |  | 540,860 |
Total operating (loss) income | (304,746 | ) |  | 69,445 |  |  | (274,479 | ) |  | 118,420 |
Non-operating income (expense) | 211 |  |  | (1,490 | ) |  | (1,726 | ) |  | (5,685 | )
(Loss) income from discontinued operations, before income taxes | (304,535 | ) |  | 67,955 |  |  | (276,205 | ) |  | 112,735 |
Provision for income taxes | 62,836 |  |  | (20,568 | ) |  | 53,747 |  |  | (37,292 | )
Net (loss) income from discontinued operations | $ | (241,699 | ) |  | $ | 47,387 |  |  | $ | (222,458 | ) |  | $ | 75,443 |
(1) The six months ended June 30, 2016 include approximately $7.5 million of net loss from discontinued operations related to our operations of our former Sightline business through the date of sale on March 18, 2016.
As such, major categories of discontinued operation cash flows for the six months ended June 30, 2017 and 2016 are presented below (in thousands):
| Six months ended June 30,
| 2017 |  | 2016
Depreciation | $ | 19,570 |  |  | $ | 15,531 |
Amortization | 40,300 |  |  | 44,773 |
Capital expenditures | 34,482 |  |  | 23,138 |
Payments for acquisitions, net of cash acquired | $ | — |  |  | $ | 53,552 |
The carrying value of the assets and liabilities of our former Digital Segment’s discontinued operations as of June 30, 2017 and December 31, 2016 were as follows (in thousands):
| June 30, |  | Dec. 31,
| 2017 |  | 2016
ASSETS |  |  |
Cash and cash equivalents | $ | 78,762 |  |  | $ | 61,042 |
Accounts receivable, net | 95,500 |  |  | 214,170 |
Property and equipment, net | 57,440 |  |  | 74,695 |
Goodwill | 358,645 |  |  | 1,488,112 |
Other Intangibles, net | 104,315 |  |  | 1,718,592 |
Other assets | 55,063 |  |  | 71,193 |
Total assets | $ | 749,725 |  |  | $ | 3,627,804 |
LIABILITIES |  |  |
Accounts payable | $ | 99,679 |  |  | $ | 166,853 |
Deferred revenue | 103,730 |  |  | 110,071 |
Deferred tax liability | 2,731 |  |  | 280,264 |
Other liabilities | 13,203 |  |  | 66,969 |
Total liabilities | $ | 219,343 |  |  | $ | 624,157 |

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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 4: 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 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=84176398&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84176398&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 + Details
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