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Discontinued Operations
 9 Months Ended
Sep. 30, 2013
Discontinued Operations

(15) Discontinued Operations

On July 19, 2013, we completed the sale of certain pay-per-click advertising services to an unrelated third party. Accordingly, we have presented the results of operations of these certain pay-per-click assets in the consolidated financial statements through July 19, 2013 as discontinued operations, net of tax. The operating results for the discontinued operations were as follows:

 

     Nine months ended
September 30,		     Three months ended
September 30,		  
     2012     2013     2012     2013  

Revenue

    $ 3,958      $ 3,185      $ 1,130      $ 262   

Loss before provision for income taxes

      (123 )      (123 )      (71 )      (74 ) 

Income tax benefit

      (28 )      (46 )      (18 )      (28 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Loss from discontinued operations, net of tax

      (95 )      (77 )      (53 )      (46 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Gain on sale of discontinued operations

      —          1,492        —          1,492   

Income tax expense

      —          563        —          563   
  

 

 

    

 

 

    

 

 

    

 

 

  

Gain on sale of discontinued operations, net of tax

      —          929        —          929   
  

 

 

    

 

 

    

 

 

    

 

 

  

Discontinued operations, net of tax

    $ (95 )    $ 852      $ (53 )    $ 883   
  

 

 

    

 

 

    

 

 

    

 

 

  

The net cash proceeds from the sale were approximately $1.1 million. The net carrying value of liabilities assumed net of goodwill associated with the component sold was approximately $435,000 resulting in a net gain of $1.5 million from the sale. The sale includes contingent earn-out consideration payments that depend upon the achievement of certain thresholds and will be recognized as income when received.