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Discontinued Operations | 12 Months Ended
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Dec. 31, 2012
Discontinued Operations [Abstract] |
Discontinued Operations | Note 2 — Discontinued Operations On January 12, 2012, PAR Technology Corporation completed its previously announced sale of substantially all of the assets of the PAR Logistics Management Systems Corporation (LMS) to ORBCOMM Inc. ("ORBCOMM"). The consideration payable by ORBCOMM at the closing with respect to substantially all the assets of LMS aggregates $6,123,000 comprised of $4,000,000 in cash and $2,123,000 in shares of common stock of ORBCOMM Inc. (the Closing Consideration). Of the equity consideration, $1,274,000 (based on the fair value as of the date of closing) was held in escrow to settle future claims, with release date of August 2012 and April 2013. During the second quarter of 2012, the Company liquidated its common stock investment of ORBCOMM Inc. which resulted in it recording a realized loss for the year ended December 31, 2012 of $210,000. The Company recorded its loss on liquidation of its investment within other income (expense), net, on its Consolidated Statement of Operations. Of the total proceeds, $828,000 remains in escrow to be released in 2013. In addition to the Closing Consideration, contingent consideration of up to $3,950,000 is payable by ORBCOMM to PAR post-closing in cash, ORBCOMM common stock or a combination of cash and ORBCOMM common stock, at ORBCOMM's option. Up to $3,000,000 of the contingent consideration will be payable based on ORBCOMM achieving certain agreed-upon new subscriber targets for calendar year 2012 and up to $950,000 of the contingent consideration will be payable based on ORBCOMM achieving agreed-upon sales targets for calendar years 2012 through 2014. If paid in stock, the number of ORBCOMM shares to be issued to PAR will be based upon the average 20-day closing price of ORBCOMM common stock prior to the payment due date for such contingent consideration. As of December 31, 2012, the Company has not recorded any amount associated with this contingent consideration as it does not believe achievement of the related targets is probable. Summarized financial information for the Company's discontinued operations is as follows:
|  | December 31,
|  | 2012 |  |  | 2011 |
Assets |  |  |  |  |  |
Cash |  | $ | - |  |  | $ | 6 |
Accounts receivable - net |  |  | - |  |  |  | 1,398 |
Inventories |  |  | - |  |  |  | 1,355 |
Other assets |  |  | - |  |  |  | 423 |
Total assets of discontinued operations |  | $ | - |  |  | $ | 3,182 |
Liabilities |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 141 |  |  |  | 674 |
Accrued salaries and benefits |  |  | - |  |  |  | 236 |
Other liabilities |  |  | - |  |  |  | 15 |
Total liabilities of discontinued operations |  | $ | 141 |  |  | $ | 925 |
|  | December 31, |
Operations |  | 2012 |  |  | 2011 |
Total revenues |  | $ | 136 |  |  | $ | 6,433 |
Loss from discontinued operations before income taxes |  | $ | (348 | ) |  | $ | (3,525 | )
Gain on disposition |  |  | 2,588 |  |  |  | - |
(Provision) benefit for income taxes |  |  | (793 | ) |  |  | 1,353 |
Income (loss) from discontinued operations |  | $ | 1,447 |  |  | $ | (2,172 | )

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- Definition The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). + References Reference 1: 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=6360339&loc=d3e1474-107760 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=6360339&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 43-48 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760 Reference 6: 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=6391110&loc=d3e2941-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759 + Details
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