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DISCONTINUED OPERATIONS AND EXIT ACTIVITIES | 3 Months Ended
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Sep. 30, 2019
Discontinued Operations and Disposal Groups [Abstract] |
DISCONTINUED OPERATIONS AND EXIT ACTIVITIES | (4) DISCONTINUED OPERATIONS AND EXIT ACTIVITIES In connection with the sale of certain assets and wind down and exit from the specialty pharmacy business (see Note 1 - Organization and Basis of Presentation), the Company met the criteria for classifying certain assets and liabilities of its specialty pharmacy business as a discontinued operation as of June 30, 2019. Prior to its classification as a discontinued operation, the specialty pharmacy business was included as part of the Supply Chain Services segment. The Company incurred $0.9 million of severance and retention expenses directly associated with the specialty pharmacy business within discontinued operations during the three months ended September 30, 2019. The following table summarizes the major classes of assets and liabilities classified as discontinued operations at September 30, 2019 and June 30, 2019 (in thousands):
| September 30, 2019 | June 30, 2019
Assets |  |
Accounts receivable | $ | — |  | $ | 21,183 |
Inventory | — |  | 3,385 |
Assets of discontinued operations | $ | — |  | $ | 24,568 |
Liabilities |  |
Accounts payable | $ | 11 |  | $ | 2,255 |
Accrued expenses | 607 |  | 6,630 |
Accrued compensation and benefits | 772 |  | 2,373 |
Other current liabilities | 471 |  | 539 |
Operating lease liability | 923 |  | — |
Liabilities of discontinued operations | $ | 2,784 |  | $ | 11,797 |
The following table summarizes the major components of net income (loss) from discontinued operations for the three months ended September 30, 2019 and 2018 (in thousands):
| Three Months Ended September 30,
| 2019 | 2018
Net revenue | $ | — |  | $ | 108,944 |
Cost of revenue | — |  | 105,854 |
Gross profit | — |  | 3,090 |
Selling, general and administrative expense | 1,936 |  | 4,353 |
Amortization of purchased intangible assets | — |  | 661 |
Operating expenses | 1,936 |  | 5,014 |
Operating loss from discontinued operations | (1,936 | ) | (1,924 | )
Net gain on disposal of assets | 2,409 |  | — |
Income (loss) from discontinued operations before income taxes | 473 |  | (1,924 | )
Income tax expense (benefit) | 83 |  | (525 | )
Income (loss) from discontinued operations, net of tax | 390 |  | (1,399 | )
Net (income) loss from discontinued operations attributable to non-controlling interest in Premier LP | (197 | ) | 832 |
Net income (loss) from discontinued operations attributable to stockholders | $ | 193 |  | $ | (567 | )

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- Definition The entire disclosure 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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