Assets and Liabilities Held for Sale

12 Months Ended

Dec. 31, 2016

Discontinued Operations And Disposal Groups [Abstract]

Assets and Liabilities Held for Sale

5. Assets and Liabilities Held for Sale

In 2016, our Board of Directors approved a plan to sell Captira, which comprises our Bail Bonds Industry Solutions segment. Captira met all the criteria under U.S. GAAP to classify its assets and liabilities as held for sale in our consolidated balance sheets as of December 31, 2016. The disposal does not represent a strategic shift that will have a major effect on operations and financial results, and therefore, it is not expected to qualify as a discontinued operation. For information on the operating results of the Bail Bonds Industry Solutions segment, please see Note 23.

The major classes of assets and liabilities held for sale related to Captira in the consolidated balance sheet consist of the following:

	December 31, 2016
Assets of disposal group held for sale:
Cash and cash equivalents	$	321
Accounts receivable, net		177
Prepaid expenses and other current assets		97
Property and equipment, net		247
Other assets		6
Write-down to fair value		(744	)
Total assets of disposal group held for sale	$	104
Liabilities of disposal group held for sale:
Accounts payable	$	9
Accrued expenses and other current liabilities		15
Accrued payroll and employee benefits		80
Total liabilities of disposal group held for sale	$	104

As part of the required evaluation under U.S. GAAP, we determined that the approximate fair value less costs to sell the business was significantly lower than the carrying value of the net assets, and as a result, we recorded an impairment charge of $744 thousand, which is included in impairment of intangibles and other assets in our consolidated statements of operations for the year ended December 31, 2016.

We completed the sale of Captira, effective January 31, 2017. For additional information, please see Note 25.