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DISPOSITION OF THE CORE BUSINESS (Tables) | 12 Months Ended
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Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract] |
Disposal group, including discontinued operations | The table below summarizes the cash consideration and the carrying values of disposed assets at the disposition date of August 30, 2018 included as part of discontinued operations:
(In thousands) |
Gross consideration from the sale of the Core Business | $ | 97,000 |
Closing and transaction costs | 5,905 |
Net proceeds from sale of the Core Business before taxes | $ | 91,095 |
Non-cash commitment to provide inventory | $ | 2,305 |
Book value of the Core Business |
Current assets: |
Inventories, net | $ | 2,195 |
Prepaid expenses and other current assets | 57 |
Total current assets | 2,252 |
Property and equipment, net of depreciation | 375 |
Brand name and trademark | 1,510 |
Purchased technology and license rights, net of depreciation | 112 |
Total non-current assets | 1,997 |
Total assets | $ | 4,249 |
Net gain on sale of the Core Business before taxes | 84,541 |
Income tax expense | 16,137 |
Net gain on sale of the Core Business after income taxes | $ | 68,404 |
Cash flows associated with discontinued operations are shown in the table below:
(in thousands) | 2019 | 2018 | 2017
Net Income from discontinued operations | — |  | 73,503 |  | 8,620 |
Depreciation and amortization | — |  | 126 |  | 529 |
Change in current assets from discontinued operations | — |  | (2,378 | ) | 362 |
Change in non current assets from discontinued liabilities | — |  | (1,997 | ) | (632 | )
Change in current liabilities from discontinued operations | — |  | (1,021 | ) | (1,451 | )
Net cash provided by operating activities | — |  | 68,233 |  | 7,428 |

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