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Discontinued Operations, Exit Activities, and Clinic Obligations (Tables) | 3 Months Ended
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Mar. 31, 2015
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures | The following is a summary of the Company’s operating results for discontinued operations for the three months ended March 31, 2015 and 2014:
|  | 2015 |  | 2014 |
Revenue |  | $ | - |  | $ | 7,296,000 |
Income/(loss) before income taxes from discontinued operations |  |  | 45,000 |  |  | (924,000) |
Income tax/(benefit) provision |  |  | 17,000 |  |  | (346,000) |
Income/(loss) from discontinued operations, net of tax |  | $ | 28,000 |  | $ | (578,000) |
The following table presents the aggregate carrying amounts of the major classes of assets and liabilities divested as of March 31, 2015 included in discontinued operations:
|  | 2015 |
ASSETS |  |  |  |
Current assets: |  |  |  |
Receivables, net |  | $ | 14,000 |
Inventory |  |  | - |
Prepaid expenses and other current assets |  |  | 4,000 |
Total current assets |  |  | 18,000 |
Other assets |  |  | 19,000 |
Total assets |  | $ | 37,000 |
LIABILITIES |  |  |  |
Current liabilities: |  |  |  |
Accounts payable and accrued expenses |  | $ | 2,348,000 |
Total current liabilities |  |  | 2,348,000 |
Long-term lease obligations |  |  | 1,712,000 |
Total liabilities |  | $ | 4,060,000 |
Schedule of Accrued Liabilities | The following table summarizes the exit obligations primarily closed clinic lease obligations, severance accruals, and customer refunds incurred as of March 31, 2015:
Ending accrued balance as of December 31, 2014 |  | $ | 6,534,000 |
Charges incurred during the period |  |  | - |
Adjustments recorded during the period (1) |  |  | (549,000) |
Payments during the period |  |  | (2,042,000) |
Ending accrued balance as of March 31, 2015 |  | $ | 3,943,000 |
(1)- The adjustments to the accrual recorded in the first quarter of 2015 relate primarily to favorable termination agreements reached with landlords of closed Corporate Medifast Weight Control Centers. |
These charges were recorded in the balance sheet as of March 31, 2015 as follows: |  |  |  |
Total current liabilities of discontinued operations |  | $ | 2,231,000 |
Total long-term liabilities of discontinued operations |  |  | 1,712,000 |
Ending accrued balance as of December 31, 2014 |  | $ | 3,943,000 |

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- Definition Tabular disclosure of disposal groups, which may include 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 classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal. + References Reference 1: 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 2: 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 3: 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 4: 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 5: 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 + Details
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