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Assets Held for Sale | 6 Months Ended
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Jun. 30, 2021
Discontinued Operations and Disposal Groups [Abstract] |
Assets Held For Sale | Assets-Held-For-Sale The Company classifies assets-held-for-sale when management approves and commits to a formal plan of sale with the expectation the sale will be completed within one year. The net assets of the business held for sale are then recorded at the lower of their current carrying value or the fair market value, less costs to sell. During the first quarter of 2021, the Company committed to a plan to sell certain Voice assets in the United Kingdom as they were determined to be non-core assets. Such assets are recorded within the Voice, Backup, Security, and CPP reportable segment. On February 9, 2021, in a cash transaction, the Company sold the Voice assets. As of June 30, 2021, the total gain recognized on the sale was $2.8 million which was recorded in gain on sale of businesses on the Condensed Consolidated Statement of Operations. During the first quarter of 2021, the Company committed to a plan to sell its B2B Backup business as it was determined to be a non-core business. The business is recorded within the Voice, Backup, Security, and CPP reportable segment. During the second quarter of 2021, the Company received an offer to purchase the B2B Backup business. Management has determined that the fair value of the business less cost to sell is lower than its carrying amount. As a result, the Company recorded an impairment to goodwill of $32.6 million which was recorded in impairment of business on the Condensed Consolidated Statement of Operations (see Note 8 - Goodwill and Intangible Assets). The following table presents information related to the assets and liabilities that were classified as held for sale in our Condensed Consolidated Balance Sheet (in thousands):
| June 30, 2021
Accounts receivable, net of allowance of $346 | $ | 6,513 |
Prepaid expenses and other current assets |  | 2,426 |
Property and equipment, net |  | 10,161 |
Operating lease right-of-use assets |  | 15,181 |
Trade names, net |  | 3,886 |
Customer relationships, net |  | 8,131 |
Goodwill |  | 48,632 |
Other purchased intangibles, net |  | 776 |
Deferred income taxes, noncurrent |  | 11,326 |
Other assets |  | 94 |
Total assets held for sale | $ | 107,126 |
Accounts payable and accrued expenses | $ | 2,720 |
Income taxes payable, current |  | 155 |
Deferred revenue, current |  | 2,650 |
Operating lease liabilities, current |  | 2,875 |
Other current liabilities |  | 393 |
Deferred revenue, noncurrent |  | 4 |
Operating lease liabilities, noncurrent |  | 11,915 |
Deferred income taxes, noncurrent |  | 563 |
Other long-term liabilities |  | 170 |
Total liabilities held for sale | $ | 21,445 |

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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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