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Discontinued Operations (Tables)
3 Months Ended
Mar. 31, 2019
Netsmart [Member]  
Summary of Discontinued Operations in Financial Statements

The following table summarizes Netsmart’s major income and expense line items as reported in the consolidated statements of operations for the three months ended March 31, 2018:

 

 

Three Months Ended

 

(In thousands)

 

March 31, 2018

 

Major income and expense line items related to Netsmart:

 

 

 

 

Revenue:

 

 

 

 

Software delivery, support and maintenance

 

$

49,213

 

Client services

 

 

30,991

 

Total revenue

 

 

80,204

 

Cost of revenue:

 

 

 

 

Software delivery, support and maintenance

 

 

14,367

 

Client services

 

 

21,713

 

Amortization of software development and acquisition related assets

 

 

7,814

 

Total cost of revenue

 

 

43,894

 

Gross profit

 

 

36,310

 

Selling, general and administrative expenses

 

 

23,133

 

Research and development

 

 

5,187

 

Amortization of intangible and acquisition-related assets

 

 

5,609

 

Income from discontinued operations for the Netsmart

    sale before income taxes

 

 

2,381

 

Interest expense

 

 

(13,351

)

Other loss

 

 

(12

)

Income tax benefit

 

 

3,213

 

Loss from discontinued operations, net of tax

    for Netsmart

 

$

(7,769

)

Horizon Clinicals and Series2000 [Member]  
Summary of Discontinued Operations in Financial Statements

 

 

 

 

 

 

 

 

 

 

The following table summarizes the major classes of line items constituting income (loss) of the discontinued operations specifically with the sunset businesses of Horizon Clinicals and Series2000 Revenue Cycle, as reported in the consolidated statements of operations for the three months ended March 31, 2018:

 

 

Three Months Ended

 

(In thousands)

 

March 31, 2018

 

Major classes of line items constituting pretax profit (loss) of

   discontinued operations for Horizon Clinicals and

   Series2000 Revenue Cycle:

 

 

 

 

Revenue:

 

 

 

 

Software delivery, support and maintenance

 

$

9,804

 

Client services

 

 

492

 

Total revenue

 

 

10,296

 

Cost of revenue:

 

 

 

 

Software delivery, support and maintenance

 

 

2,463

 

Client services

 

 

743

 

Total cost of revenue

 

 

3,206

 

Gross profit

 

 

7,090

 

Research and development

 

 

1,124

 

Income from discontinued operations for Horizon Clinicals

   and Series2000 Revenue Cycle before income taxes

 

 

5,966

 

Income tax provision

 

 

(1,551

)

Income from discontinued operations, net of tax for Horizon

   Clinicals and Series2000 Revenue Cycle

 

$

4,415