Discontinued Operations & Gain on the Sale of the ASO Business Unit (Tables)

9 Months Ended

Mar. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Schedule of disposed of major amounts reported in consolidated statements of operation

The following table provides a reconciliation of the major components of income of our former ASO business to the amounts reported in the consolidated statements of operations (in thousands): 

	Three Months Ended   March 31,						Nine Months Ended   March 31,
	2015			2014			2015			2014
Major line items constituting income of discontinued operations
Revenue	$	—		$	1,508		$	2,807		$	10,653
Cost of revenue	—			(2,308		)	(1,313		)	(8,076		)
Selling, general and administrative	—			(161		)	(128		)	(535		)
Other expense, net	—			(61		)	(63		)	(187		)
Gain on sale of discontinued operations	—			—			25,630			—
Income tax benefit (expense)	(753		)	358			(3,315		)	(1,379		)
Income (loss) on discontinued operations	$	(753	)	$	(664	)	$	23,618		$	476

The total pre-tax gain on the sale for the nine months ended March 31, 2015, includes the following (in thousands):

Cash proceeds from the sale of the ASO business	$	53,189
Receivable for indemnity holdback	6,100
Liabilities assumed by the Buyer	2,478
Net book value of assets sold	(36,175		)
Other	38
Gain on sale of our former ASO business	$	25,630

Schedule of total pre tax gain on the sale

The following table provides a reconciliation of the major assets and liabilities of our former ASO business to the amounts reported in the previously reported condensed consolidated balance sheet (in thousands): 

	June 30, 2014
Carrying amounts of major classes of assets included as part of discontinued operations
Accounts receivable, net	$	1,220
Prepaid expenses and other current assets	185
Property and equipment, net	33,858
Other assets, net	29
Total assets of discontinued operations	$	35,292
Carrying amounts of major classes of liabilities included as part of discontinued operations
Accounts payable	$	184
Accrued liabilities and other	632
Short-term deferred revenue	873
Term note payable	5,655
Long-term deferred revenue	237
Total liabilities of discontinued operations	$	7,581