Discontinued Operations

9 Months Ended

Sep. 30, 2020

Discontinued Operations and Disposal Groups [Abstract]

During the second quarter of 2019, the Company sold its Videotel business. The Company determined that the sale met the requirements for reporting as discontinued operations in accordance with Accounting Standards Codification (ASC) 205-20. Please see Note 1 for further discussion.

The following table presents a reconciliation of the major financial line items constituting the results for discontinued operations to the net income from discontinued operations, net of tax, presented separately in the Company's consolidated statements of operations and comprehensive income (loss):


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Sales:
Service sales	$	—	$	—	$	—	$	5,769

Costs, expenses and other expense, net:
Costs of service sales	—		—		—		1,807
Sales, marketing and support	—		—		—		1,606
General and administrative	—		—		—		1,619







Other expense, net	—		—		—		(23)
Income from discontinued operations before tax expense	—		—		—		714
(Loss) gain on sale of discontinued operations before tax expense	—		(819)		—		53,701
Total (loss) income from discontinued operations before tax expense	$	—	$	(819)	$	—	$	54,415
Income tax expense on discontinued operations	—		217		—		4,578
(Loss) income from discontinued operations, net of taxes	$	—	$	(1,036)	$	—	$	49,837

Net (loss) income from discontinued operations per common share
Basic and diluted	$	—	$	(0.06)	$	—	$	2.86

Weighted average number of common shares outstanding:
Basic and diluted	17,723		17,521		17,634		17,429

The following table presents supplemental cash flow information of the discontinued operations:


	Nine Months Ended
	September 30,
	2020		2019

Cash used in operating activities—discontinued operations	$	—	$	(1,838)


Cash provided by investing activities—discontinued operations	$	—	$	87,986