Discontinued Operations

3 Months Ended

Mar. 31, 2014

Discontinued Operations

10. Discontinued Operations

During the fourth quarter of 2013, we consummated the sale of GVE Newco, LLC (“GVE”), a wholly-owned subsidiary of ours representing our non-branded entertainment media business and discontinued our DRTV operations. In connection with these discontinued operations, we recognized certain exit activity and asset impairment charges. Accordingly, the assets and liabilities, operating results, and cash flows for these businesses are presented as discontinued operations in our financial statements and footnotes presented herein.

The income from discontinued operations amounts as reported on our consolidated statements of operations were comprised of the following amounts:

	Three Months Ended March 31,
(in thousands)	2014		2013
Net revenue	$	2,254	$	19,954
Income from operations before income taxes		26		3,307
Income tax expense		—		1,129
Income from operations of discontinued operations	$	26	$	1,981