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Discontinued Operations (Tables)
9 Months Ended
Sep. 30, 2012
Summarized Results of Business Held for Sale

Summarized results of our business held for sale are as follows:

 

     Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
     2012     2011     2012     2011  

Revenue

   $ 8,636      $ 10,469      $ 31,452      $ 28,885   

Salaries and related

     7,898        7,706        18,804        17,349   

Office and general

     4,416        4,572        12,976        11,372   

Marketing and promotion

     3,919        3,615        16,206        12,166   

Restructuring and other special charges

     60        —          219        —     

Release of ChinaHR escrowed funds

     —          (17,400     —          (17,400

Impairment of goodwill

     216,221        —          216,221        —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating expenses

     232,514        (1,507     264,426        23,487   
  

 

 

   

 

 

   

 

 

   

 

 

 

Interest and other, net

     (260     (57     (642     (4

Provision for (benefit from) income taxes

     9,090        (1,360     9,090        (2,882
  

 

 

   

 

 

   

 

 

   

 

 

 

(Loss) income from business held for sale, net of tax

   $ (233,228   $ 13,279      $ (242,706   $ 8,276   
  

 

 

   

 

 

   

 

 

   

 

 

 
Major Classes of Assets And Liabilities of Careers China Business

The major classes of assets and liabilities of the Careers-China business are presented in the following table. As of September 30, 2012, all assets and liabilities have been classified as current in the Consolidated Balance Sheets as the sale is expected to occur within the next twelve months.

 

     September 30,
2012
 

Accounts receivable net of doubtful accounts of $723

   $ 14,240   

Prepaid and other

     4,408   

Property and equipment, net

     10,571   

Intangibles, net

     5,126   

Goodwill

     45,958   
  

 

 

 

Total assets of business held for sale

   $ 80,303   
  

 

 

 

Accounts payable, accrued expenses and other current liabilities

   $ 11,799   

Deferred revenue

     20,082   
  

 

 

 

Total liabilities of business held for sale

   $ 31,881