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Assets Held for Sale
6 Months Ended
Jun. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations, Disclosure Assets Held For Sale
The Company classifies assets held for sale when management approves and commits to a formal plan of sale with the expectation the sale will be completed within one year. The net assets of the business held for sale are then recorded at the lower of their current carrying value or the fair market value, less costs to sell.

During the second quarter of 2020, the Company committed to a plan to sell certain Voice assets in Australia and New Zealand as they were determined to be non-core assets. Such assets are recorded within the Voice, Backup, Security, and CPP reportable segment. This determination resulted in a reclassification of assets and liabilities held for sale on the Condensed Consolidated Balance Sheet with a net carrying value of $16.5 million.
The following table presents information related to the assets and liabilities that were classified as held for sale in our Condensed Consolidated Balance Sheet (in thousands):

June 30, 2020
Accounts receivable, net$1,638  
Prepaid expenses and other current assets537  
Property and equipment, net503  
Operating lease right-of-use assets271  
Trade names, net125  
Customer relationships, net1,864  
Goodwill13,595  
Other purchased intangibles, net37  
Deferred income taxes, noncurrent378  
Other assets92  
Total assets held for sale$19,040  
Accounts payable and accrued expenses$1,813  
Deferred revenue, current457  
Operating lease liabilities, current118  
Operating lease liabilities, noncurrent156  
Total liabilities held for sale$2,544