Discontinued operations

12 Months Ended

Dec. 31, 2017

Discontinued Operations And Disposal Groups [Abstract]

5. Discontinued operations

As discussed in Note 1(b), “Organization,” on June 30, 2015, the Company’s Board of Directors approved the plan to discontinue the Advertising Business. The Company recognized the transactions in accordance with ASC 205-20, “Discontinued Operations.” The Company has disposed of all assets and liabilities related to its Advertising Business, by the disposal of its equity interests in the Advertising Business to an independent third party in 2015 for $0.

The following financial information presents the results of operations of the Advertising Business for the year ended December 31, 2015.

	Year Ended
(In thousands)	December 31, 2015
Revenue	$	218
Pretax loss from operations of discontinued operations	$	(1,236	)
Pretax loss on disposal of discontinued operations		(41,095	)
Income tax expense		127
Less: Non-controlling interests		(508	)
Net loss from discontinued operations attributable to cogint	$	(41,950	)

Included in the net loss from discontinued operations, the Company recorded a loss on disposal of the Advertising Business of $41,095 for the year ended December 31, 2015, the majority of which are non-cash charges, pursuant to the following:

	Year Ended
(In thousands)	December 31, 2015
Write-off of goodwill	$	(35,472	)
Write-off of intangible assets		(4,080	)
Write-off of long-term deferred assets		(517	)
Lease agreements early termination compensation expenses		(1,211	)
Employee severance compensation expenses		(191	)
Gain on write-off of acquisition consideration payable		463
Loss on disposal of equity interests		(87	)
Loss on disposal of discontinued operations	$	(41,095	)