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Discontinued Operations (Tables) | 3 Months Ended
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Mar. 31, 2017
Discontinued Operations And Disposal Groups [Abstract] |
Summary of discontinued business segment | The following table summarizes the preliminary calculation of the gain on sale (in thousands):
Consideration received |  | $ | 80,000 |
Cash included in assets sold |  |  | (4,250 | )
Transaction costs |  |  | (5,960 | )
Net cash proceeds |  |  | 69,790 |
Less: |  |  |  |
Product supply obligation |  |  | (1,927 | )
Working capital adjustment |  |  | (2,295 | )
Carrying value of business and assets sold |  |  | (57,633 | )
Net gain on sale of business |  | $ | 7,935 |
The following table summarizes the results of discontinued operations for the periods presented in the condensed consolidated statements of operations and comprehensive income (loss) for the three months ended March 31, 2017 and 2016 (in thousands):
|  | Three Months Ended |
|  | March 31, |
Discontinued operations |  | 2017 |  |  | 2016 |
Revenues |  | $ | — |  |  | $ | 10,555 |
Cost of revenues |  |  | — |  |  |  | 3,813 |
Amortization of acquired intangible assets |  |  | — |  |  |  | 360 |
Gross profit |  |  | — |  |  |  | 6,382 |
Operating expenses: |  |  |  |  |  |  |  |
Research and development |  |  | — |  |  |  | 26 |
Sales and marketing |  |  | — |  |  |  | 4,182 |
General and administrative |  |  | 73 |  |  |  | 1,643 |
Amortization of acquired intangible assets |  |  | — |  |  |  | 231 |
Restructuring expenses |  |  | — |  |  |  | 597 |
Total operating expenses |  |  | 73 |  |  |  | 6,679 |
Operating loss |  |  | (73 | ) |  |  | (297 | )
Other income (expense): |  |  |  |  |  |  |  |
Interest expense, net |  |  | — |  |  |  | (2,356 | )
Other income (expense), net |  |  | — |  |  |  | 847 |
Total other income (expense) |  |  | — |  |  |  | (1,509 | )
Loss from discontinued operations before taxes |  |  | (73 | ) |  |  | (1,806 | )
Income tax provision |  |  | 18 |  |  |  | 563 |
Loss from discontinued operations, net of applicable taxes |  | $ | (91 | ) |  | $ | (2,369 | )
The following table summarizes the assets and liabilities of discontinued operations as of March 31, 2017 and December 31, 2016 related to the International Business (in thousands):
|  | March 31, 2017 |  |  | December 31, 2016 |
Assets |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |
Cash |  | $ | 92 |  |  | $ | 159 |
Inventories, net |  |  | — |  |  |  | 48 |
Prepaid expenses and other current assets |  |  | 78 |  |  |  | 157 |
Total current assets of discontinued operations |  |  | 170 |  |  |  | 364 |
Other assets |  |  | 58 |  |  |  | 61 |
Total assets of discontinued operations |  | $ | 228 |  |  | $ | 425 |
Liabilities |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |
Accounts payable |  | $ | 72 |  |  | $ | 43 |
Accrued expenses |  |  | 206 |  |  |  | 689 |
Other current liabilities |  |  | 15 |  |  |  | — |
Total current liabilities of discontinued operations |  | $ | 293 |  |  | $ | 732 |
Included in the cash flows for the three months ended March 31, 2017 and 2016 are the following non-cash adjustments related to the discontinued operations (in thousands):
|  | Three Months Ended March 31, |
|  | 2017 |  |  | 2016 |
Depreciation and amortization |  | $ | — |  |  | $ | 1,396 |
Provision for excess and obsolete inventory |  | $ | — |  |  | $ | 77 |
Capital expenditures |  | $ | — |  |  | $ | 697 |
Interest expense related to amortization of debt discount and debt issuance costs |  | $ | — |  |  | $ | 646 |

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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=64862545&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=64862545&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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