Discontinued Operations (Tables)

Summarized results from discontinued operations were as follows (in thousands):


	Year Ended April 30,
	2014			2013			2012
Revenues from discontinued operations	$	17,011		$	13,484		$	—

Loss from discontinued operations before income taxes	$	(1,106	)	$	(16,224	)	$	—
Income tax expense		22			25			—

Net loss from discontinued operations		(1,128	)		(16,249	)		—
Estimated loss on disposal of discontinued operations, net of tax		(9,192	)		—			—

Net loss from discontinued operations, net of tax	$	(10,320	)	$	(16,249	)	$	—

The carrying amounts of the major classes of assets and liabilities of discontinued operations were as follows (in thousands):


	April 30,
	2014		2013
ASSETS:
Accounts receivable, net	$	1,036	$	1,679
Prepaid expenses and other current assets		49		69

Total current assets		1,085		1,748
Property and equipment, net		37		132
Goodwill		9,002		9,002
Acquired intangible assets, net		32,813		41,173

Total assets	$	42,937	$	52,055

LIABILITIES:
Accounts payable	$	221	$	275
Accrued expenses and other current liabilities		895		2,431
Deferred revenue		2,505		3,944

Total Liabilities	$	3,621	$	6,650

The Company recorded an estimated loss on the disposal of discontinued operations of $9.2 million, net of tax, in fiscal year 2014 which was calculated as follows (in thousands):


Estimated cash proceeds	$	30,500
Less:
Basis in net assets sold as of April 30, 2014		39,316
Estimated costs incurred directly attributable to the transaction		658

Estimated loss before income taxes		(9,474	)
Estimated income tax benefit		(282	)

Estimated loss on disposal of discontinued operations, net of taxes	$	(9,192	)

The carrying amount of assets held for sale in the consolidated balances sheet were calculated as follows (in thousands):


	April 30,
	2014			2013
Total assets of discontinued operations	$	42,937		$	52,055
Estimated loss on disposal of discontinued operations, net of tax		(9,192	)		—

Assets held for sale	$	33,745		$	52,055

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References+ Details