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Discontinued Operations, Exit Activities, and Clinic Obligations | 12 Months Ended
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Dec. 31, 2016
Discontinued Operations, Exit Activities, and Clinic Obligations [Abstract] |
Discontinued Operations, Exit Activities, and Clinic Obligations | 11. Discontinued Operations, Exit Activities, and Clinic Obligations In 2014, the Company exited the Medifast Weight Control corporate center model by selling 41 company owned centers to existing franchise partners (24 centers were sold in June 2014 and the remaining 17 centers were sold in December 2014) and closure of the remaining 34 corporate centers. In accordance with ASU 2014-08, Presentation of Financial Statements (Topic 205) and Property Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity the assets, liabilities, operating results, and cash flows of the corporate Medifast Weight Control Center business unit have been presented separately as discontinued operations in the Consolidated Financial Statements for all periods presented. ﻿ The following is a summary of the Company’s operating results for discontinued operations for the years ended December 31, 2016, 2015, and 2014:
﻿ |  |  |  |  |  |  |  |  |
﻿ |  |  |
﻿ |  | 2016 |  | 2015 |  | 2014
﻿ |  |  |  |  |  |  |  |  |
﻿Revenue |  | $ | - |  | $ | - |  | $ | 22,509
﻿Income before income taxes from discontinued operations |  |  | - |  |  | 878 |  |  | (13,150)
﻿Income tax provision |  |  | - |  |  | 387 |  |  | (5,302)
﻿Income from discontinued operations, net of tax |  | $ | - |  | $ | 491 |  | $ | (7,848)
The following table presents the aggregate carrying amounts of the major classes of assets and liabilities included in discontinued operations as of: ﻿
﻿ |  |  |  |  |
﻿ |  |  |  | December 31, 2016
﻿ASSETS |  |  |  |  |
﻿Current assets: |  |  |  |  |
﻿Other assets |  |  |  | $ | 4
﻿ |  |  |  |  |
﻿ Total assets |  |  |  | $ | 4
﻿ |  |  |  |  |
﻿LIABILITIES |  |  |  |  |
﻿Current liabilities: |  |  |  |  |
﻿Accounts payable and accrued expenses |  |  |  | $ | 121
﻿ |  |  |  |  |
﻿ Total liabilities |  |  |  | $ | 121
﻿ |  |  |  |  |
﻿Th e following table summarizes the exit obligations, primarily for lease obligations related to closed corporate Medifast Weight Control Centers, severance accruals, and customer refunds incurred as of December 31, 2016: ﻿ ﻿
﻿ |  |  |
﻿Accrued balance as of December 31, 2014 |  | $ | 6,534
﻿Adjustments recorded during the year (1) |  |  | (1,483)
﻿Payments during the year |  |  | (3,922)
﻿Accrued balance as of December 31, 2015 |  | $ | 1,129
﻿Adjustments recorded during the year (1) |  |  | 134
﻿Payments during the year |  |  | (1,142)
﻿Accrued balance as of December 31, 2016 |  | $ | 121
﻿ |  |  |
﻿(1)- The adjustments to the accrual recorded relate primarily to agreements reached with franchisees related to lease obligations for previously owned MWCC Corporate Centers.
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﻿

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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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