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Note 5 - Discontinued Operations | 12 Months Ended
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Dec. 31, 2019
Notes to Financial Statements |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] |
5. |  | Discontinued Operations
On January 22, 2018, the Company sold substantially all the assets of its wholly owned subsidiary, Denville, for approximately $20.0 million, which included a $3.0 million earn-out provision (the Denville Transaction). Upon the closing of the transaction, the Company received net cash proceeds of $15.7 million. The earn-out provision represented contingent consideration of up to $2.0 million based on Denville achieving certain performance metrics with respect to 2018 operating results and up to $1.0 million based on Denville achieving certain performance metrics with respect to 2019 operating results. The Company has determined that the 2018 performance metrics were not achieved and expects that the 2019 performance metrics will not be achieved. The following table is a reconciliation of the major line items of income from discontinued operations presented within the Company’s consolidated statements of operations for the years ended December 31, 2018.
|  | Year Ended
|  | December 31,
|  | 2018
|  | (in thousands)
Revenues |  | $ | 893 |
Cost of revenues |  |  | (534 | )
Operating and other expenses |  |  | (674 | )
Gain on disposal of discontinued operations |  |  | 1,251 |
Income from discontinued operations before income taxes |  | $ | 936 |
Income tax benefit |  |  | (441 | )
Income from discontinued operations |  |  | 1,377 |
During the year ended December 31, 2019, the Company received a release of an escrow amount of $1.0 million related to the Denville Transaction, which is included in the investing cash flows from disposition in the Company’s consolidated statements of cash flows for the year ended December 31, 2019. Total operating cash flows for Denville in the Company’s consolidated statements of cash flows for the year ended December 31, 2018, were immaterial.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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