Discontinued Operations

6 Months Ended

Jun. 30, 2017

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

In order to obtain the approval of the European Commission for the acquisition of TelecityGroup, the Company and TelecityGroup agreed to divest certain data centers, including the Company's London 2 data center and certain data centers of TelecityGroup. The data centers, on acquisition, met the criteria to be classified as held for sale and were therefore reported as a discontinued operation. As of the date of acquisition, depreciation and amortization of discontinued operations were ceased. Capital expenditures from the date of acquisition through June 30, 2016 were $31.5 million.

The Company did not record income from discontinued operations, net of tax for the three and six months ended June 30, 2017. The following table presents the financial results of the Company's discontinued operations for the three and six months ended June 30, 2016 (in thousands).

	Three Months Ended June 30, 2016			Six Months Ended June 30, 2016
Revenues	$	30,401		$	50,982
Costs and operating expenses:
Cost of revenues	13,490			25,100
Sales and marketing	979			1,196
General and administrative	6,920			7,303
Total costs and operating expenses	21,389			33,599
Income from discontinued operations	9,012			17,383
Interest and other, net	(708		)	(1,177		)
Income from discontinued operations before income taxes	8,304			16,206
Income tax expense	(2,895		)	(4,581		)
Net income from discontinued operations, net of tax	$	5,409		$	11,625