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Discontinued Operations | 12 Months Ended
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Dec. 31, 2016
Discontinued Operations And Disposal Groups [Abstract] |
Discontinued Operations | 11. Discontinued Operations Sale of the Gaiam Brand segment On May 4, 2016 we sold our 51.4% equity interest in Natural Habitat, our eco-travel subsidiary, in exchange for $12.85 million in cash, and recognized a gain of $10.3 million. On July 1, 2016, we sold the assets and liabilities of our Gaiam Brand business in exchange for a gross sale price of $167.0 million and recognized a gain of $114.5 million. Our Gaiam Brand business previously constituted the majority of our consolidated revenues and expenses, and consisted of Gaiam branded yoga, fitness and wellness consumer products, and content (excluding streaming rights). The Gaiam Brand business and our interest in our eco-travel subsidiary constituted all the assets and liabilities of our Gaiam Brand segment. Discontinued Operations The assets and liabilities, operating results, and cash flows of our Gaiam Brand segment are presented as discontinued operations, separate from our continuing operations, for all periods presented in these consolidated financial statements and footnotes, unless otherwise indicated. Discontinued operating results for 2015 also include legal expenses associated with the sale of our former DVD distribution business to Cinedigm. We were involved in arbitration with Cinedigm associated with the sale, which was settled during 2015. The major components of assets and liabilities of our discontinued operations were as follows
|  | As of December 31, |
(in thousands) |  | 2016 |  |  | 2015 |
Current assets: |  |  |  |  |  |  |  |
Cash |  | $ | — |  |  | $ | 12,605 |
Accounts receivable, net |  |  | — |  |  |  | 26,441 |
Inventory, less allowances |  |  | — |  |  |  | 17,302 |
Other current assets |  |  | — |  |  |  | 12,512 |
Total current assets of discontinued operations |  | $ | — |  |  | $ | 68,860 |
Property, equipment and media library, net |  |  | — |  |  |  | 6,237 |
Goodwill and other intangibles, net |  |  | — |  |  |  | 5,497 |
Other assets |  |  | — |  |  |  | 3,599 |
Total noncurrent assets of discontinued operations |  | $ | — |  |  | $ | 15,333 |
Current liabilities: |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  |  | — |  |  |  | 32,214 |
Total current liabilities of discontinued operations |  | $ | — |  |  | $ | 32,214 |
The income from discontinued operations amounts as reported on our consolidated statements of operations was comprised of the following amounts:
|  | Years Ended December 31, |
(in thousands) |  | 2016 |  |  | 2015 |  |  | 2014 |
Net revenue |  | $ | 52,627 |  |  | $ | 174,559 |  |  | $ | 158,456 |
Cost of goods sold |  |  | 32,975 |  |  |  | 100,652 |  |  |  | 91,670 |
Gross profit |  |  | 19,652 |  |  |  | 73,907 |  |  |  | 66,786 |
Operating expenses |  |  | 33,641 |  |  |  | 73,118 |  |  |  | 64,623 |
Income (loss) from operations |  |  | (13,989 | ) |  |  | 789 |  |  |  | 2,163 |
Other (expense) income |  |  | 234 |  |  |  | (1,560 | ) |  |  | (55 | )
Income (loss) before income taxes and noncontrolling interest |  |  | (13,755 | ) |  |  | (771 | ) |  |  | 2,108 |
Income tax expense (benefit) |  |  | (4,831 | ) |  |  | 1,222 |  |  |  | 1,219 |
Loss from discontinued operations attributable to the non-controlling interest, net of tax |  |  | (310 | ) |  |  | (694 | ) |  |  | (959 | )
Loss from the operation of discontinued operations |  |  | (9,234 | ) |  |  | (2,687 | ) |  |  | (70 | )
Gain on disposal of discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |
Gain on sale of Gaiam Brand segment |  |  | 124,826 |  |  |  | — |  |  |  | — |
Write-off of assets impacted by, but not included in sale |  |  | 3,740 |  |  |  | — |  |  |  | — |
Income tax expense |  |  | 14,004 |  |  |  | — |  |  |  | — |
Income (loss) from discontinued operations, net of tax |  | $ | 97,848 |  |  | $ | (2,687 | ) |  | $ | (70 | )

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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://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 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 4: 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 5: 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 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=64862545&loc=d3e2941-110230 Reference 7: 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 8: 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 9: 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 10: 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 11: 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 Reference 12: 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 13: 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 + Details
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