Discontinued Operations

9 Months Ended

Sep. 30, 2015

Discontinued Operations [Abstract]

Discontinued Operations

8. Discontinued Operations

In September 2014, we consummated the sale of BookRags for $5.0 million.  All activities related to BookRags have been reflected as discontinued operations on our consolidated financial statements for the period ended September 30, 2014.  There were no discontinued operations for the three or nine month periods ending September 30, 2015.

The following table summarizes the results of discontinued operations for the periods indicated (in thousands):

	Three months ended					Nine months ended
	September 30, 2015		September 30, 2014			September 30, 2015		September 30, 2014
Total revenue	$	-	$	545		$	-	$	2,608
Gross margin	$	-	$	472		$	-	$	2,285
Selling & marketing expenses	$	-	$	(53	)	$	-	$	(706	)
General & administrative expenses	$	-	$	(258	)	$	-	$	(679	)
Restructuring costs	$	-	$	-		$	-	$	(522	)
Impairment and gain (loss) on sale of discontinued operations	$	-	$	35		$	-	$	(9,676	)
Operating income (loss) from discontinued operations	$	-	$	196		$	-	$	(9,298	)
Income tax benefit on discontinued operations	$	-	$	230		$	-	$	1,184
Net income (loss) from discontinued operations	$	-	$	426		$	-	$	(8,114	)