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Discontinued Operations (Tables)
 6 Months Ended
Jun. 30, 2016
Major Components of Assets and Liabilities of Discontinued Operations

The major components of assets and liabilities of our discontinued operations were as follows:

 

(in thousands)

    June 30, 
2016		      December 31,
2015		  

Current assets:

      

Cash

    $ 898       $ 12,605   

Accounts receivable, net

      11,454         26,441   

Inventory, less allowances

      15,234         17,302   

Other current assets

      2,055         12,512   
  

 

 

     

 

 

  

Total current assets of discontinued operations

    $ 29,641       $ 68,860   
  

 

 

     

 

 

  

Property, equipment and media library, net

      4,474         6,237   

Goodwill and other intangibles, net

      1,877         5,497   

Other assets

      1,838         3,599   
  

 

 

     

 

 

  

Total noncurrent assets of discontinued operations

    $ 8,189       $ 15,333   
  

 

 

     

 

 

  

Current liabilities:

      

Accounts payable and accrued liabilities

    $ 3,544       $ 32,214   
  

 

 

     

 

 

  

Total current liabilities of discontinued operations

    $ 3,544       $ 32,214   
  

 

 

     

 

 

  

 

 
Income from Discontinued Operations Amounts as Reported on Consolidated Statements of Operations

The income from discontinued operations amounts as reported on our consolidated statements of operations were comprised of the following amounts:

 

     For the Three Months Ended
June 30,		      For the Six Months Ended
June 30,		  

(in thousands, except per share data)

    2016      2015      2016      2015  
     (unaudited)      (unaudited)  

Net revenue

    $ 21,130       $ 37,862       $ 52,627       $ 72,393   

Cost of goods sold

      14,640         22,403         32,975         42,291   
  

 

 

     

 

 

     

 

 

     

 

 

  

Gross profit

      6,490         15,459         19,652         30,102   
  

 

 

     

 

 

     

 

 

     

 

 

  

Operating expenses

      15,321         14,655         32,599         29,818   
  

 

 

     

 

 

     

 

 

     

 

 

  

Loss (income) from operations

      (8,831 )       804         (12,947 )       284   

Other (expense) income

      (310 )       173         234         (105 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

(Loss) income before income taxes and noncontrolling interest

      (9,141 )       977         (12,713 )       179   

Income tax expense

      (170 )       (126 )       (158 )       (174 ) 

Income from discontinued operations attributable to the non-controlling interest, net of tax

      (370 )       (8 )       (310 )       (16 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

(Loss) income from the operation of discontinued operations

      (9,681 )       843         (13,181 )       (11 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Gain on disposal of discontinued operations:

            

Gain on sale of Natural Habitat, net of tax

      10,327         —           10,327         —     
  

 

 

     

 

 

     

 

 

     

 

 

  

Income (loss) from discontinued operations, net of tax

    $ 646       $ 843       $ (2,854 )     $ (11 )