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Discontinued operations (Tables)
12 Months Ended
Dec. 31, 2017
Discontinued Operations And Disposal Groups [Abstract]  
Disposal of Discontinued Activity

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

)

 

Schedule of Gain (Loss) on Disposal Activity

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

)