XML 81 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
Discontinued Operations
 3 Months Ended
Mar. 31, 2014
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 condensed consolidated financial statements as discontinued operations, net of tax. The operating results for the discontinued operations were as follows:

 

     Three months ended
March 31,		  
     2013     2014  

Revenue

    $ 1,481      $ —    

Income (loss) before provision for income taxes

      (50 )      14   

Income tax expense (benefit)

      (19 )      5   
  

 

 

    

 

 

  

Discontinued operations, net of tax

    $ (31 )    $ 9   
  

 

 

    

 

 

  

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.