Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

The significant cash flow items from discontinued operations for the nine months ended September 30, 2018 and 2017 were as follows:

	Nine months ended September 30,
	2018			2017
	(In thousands)
Amortization from discontinued operations	$	—		$	7,071
Changes in contingent purchase price	—			3,543
Gain on sale of business	(168,955		)	—
Reserve for excess or obsolete inventory	—			(435		)
Proceeds from sale of business	166,383			—
Payments on contingent purchase price	—			(62,618		)

The following table presents the major classes of assets and liabilities at December 31, 2017 related to the infectious disease business which were reclassified as held for sale:

	December 31,
	2017
	(In thousands)
Assets:
Accounts receivable, net	$	9,595
Inventory	41,412
Other receivables	2,740
Intangibles, net	282,398
Goodwill	55,057
Total assets held for sale	$	391,202
Liabilities:
Accounts payable	$	1,127
Accrued expenses	22,945
Contingent purchase price	35,785
Deferred revenue	723
Total liabilities held for sale	$	60,580

The following table presents key financial results of the infectious disease business included in “Income (loss) from discontinued operations, net of tax” for the three and nine months ended September 30, 2018 and 2017.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
	(In thousands)
Net product revenues	$	—		$	9,003		$	(107	)	$	23,635
Operating expenses:
Cost of revenue	—			5,314			197			12,681
Research and development	24			12,761			534			34,566
Selling, general and administrative	(80		)	13,433			2,997			57,400
Total operating expenses	(56		)	31,508			3,728			104,647
Loss from operations	56			(22,505		)	(3,835		)	(81,012		)
Gain from sale of business	—			—			168,955			—
Other income (expense), net	(52		)	(452		)	358			(820		)
Income (loss) from discontinued operations before income taxes	4			(22,957		)	165,478			(81,832		)
Provision for (benefit from) income taxes	4,003			—			55,236			2
Income (loss) from discontinued operations, net of tax	$	(3,999	)	$	(22,957	)	$	110,242		$	(81,834	)