DISCONTINUED OPERATIONS

6 Months Ended

Jun. 30, 2018

NOTE 4 — DISCONTINUED OPERATIONS

The Company’s former Services segment had substantial continued operating losses for several years, due to operating issues and an increasingly competitive environment due in part to increased in-sourcing of service functions by customers. In July 2015, the Company’s Board of Directors (the “Board”) directed management to evaluate potential strategic alternatives with respect to the Services segment. In September 2015, the Board authorized management to sell substantially all of the assets of the Services segment to one or more third-party purchasers, and thereafter to liquidate or otherwise dispose of any such assets remaining unsold. The divestiture was substantially completed in December 2015.

Results of Discontinued Operations

Results of operations for the Services segment, which are reflected as discontinued operations in the Company’s condensed consolidated statements of operations for the three and six months ended June 30, 2018 and 2017, were as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Revenues	$	—	$	60	$	1	$	128
Cost of sales		(32)		(91)		(58)		(156)
Selling, general and administrative		(1)		(51)		(3)		(58)
Impairment of held for sale assets and liabilities and gain on sale of assets		—		(10)		—		(161)
Loss from discontinued operations	$	(33)	$	(92)	$	(60)	$	(247)

Assets and Liabilities Held for Sale

Services assets and liabilities classified as held for sale in the Company’s condensed consolidated balance sheets as of June 30, 2018 and December 31, 2017 include the following:


	June 30,		December 31,
	2018		2017
Assets:
Accounts receivable, net	$	10	$	11
Inventories, net		9		9
Total Assets Held For Sale Related To Discontinued Operations	$	19	$	20
Liabilities:
Accrued liabilities	$	27	$	27
Customer deposits and other current obligations		2		3
Total Liabilities Held For Sale Related To Discontinued Operations	$	29	$	30