DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2018

Discontinued Operations and Disposal Groups [Abstract]

Disaggregation of Revenue From Discontinued Operations

The following is a reconciliation of the gross proceeds to the net proceeds from the Sales Transaction as presented in the statements of cash flows for the year ended December 31,2018.

Gross proceeds	$	38,960
Add: purchase price adjustments	176
Less: cash and restricted cash sold	(9,547		)
Less: transaction costs	(1,797		)
Net cash proceeds as presented in the statements of cash flows	$	27,792

Disposal Group, Including Discontinued Operations

The carrying amounts of the classes of assets and liabilities from the RTM businesses included in discontinued operations were as follows:

	December 31, 2018		December 31, 2017
Cash	$	—	$	15,460
Accounts receivable	—		60,333
Prepaid and other current assets	941		3,737
Total current assets	941		79,530
Property and equipment, net	—		6,251
Deferred tax assets, non-current	—		6,080
Other assets, non-current	—		1,570
Total non-current assets	—		13,901
Total assets	$	941	$	93,431
Accounts payable	$	—	$	5,764
Accrued expenses and other current liabilities	115		39,108
Short-term borrowings	—		7,080
Total current liabilities	115		51,952
Total non-current liabilities	—		6,210
Total liabilities	$	115	$	58,162

Reported results for the discontinued operations by period were as follows:

	Year Ended December 31,
	2018			2017
Revenue	$	108,463		$	397,106
Direct costs	69,800			252,430
Gross profit	38,663			144,676
Operating expenses:
Salaries and related	29,032			107,611
Office and general	7,441			26,171
Marketing and promotion	914			3,691
Depreciation and amortization	680			2,387
Goodwill impairment	—			1,909
Business reorganization	50			842
Operating income (loss)	546			2,065
Non-operating income (expense):
Interest income (expense), net	(88		)	(394		)
Other non-operating income (loss)	216			(352		)
Income (Loss) from discontinued operations before taxes and gain (loss) on sale	674			1,319
Gain (loss) from sale of discontinued operations	13,861			—
Income (loss) from discontinued operations before income taxes	14,535			1,319
Provision (benefit) for income taxes	1,402			1,416
Income (loss) from discontinued operations	$	13,133		$	(97	)

Depreciation, capital expenditures, and significant operating and investment non cash items of the discontinued operations by period were as follows:

	Year Ended December 31,
	2018		2017
Depreciation and amortization	$	680	$	2,387
Stock-based compensation expense	$	233	$	249
Capital expenditures	$	284	$	1,471

Reconciliation Of The Gross Proceeds To The Net Proceeds

The following table presents our disaggregated revenues from discontinued operations by revenue source.

	Year Ended December 31, 2018
	Permanent Recruitment		Contracting		Talent Management		Other		Total
Revenue	$	20,700	$	76,615	$	10,694	$	454	$	108,463
Direct costs (1)	190		67,980		1,225		405		69,800
Gross profit	$	20,510	$	8,635	$	9,469	$	49	$	38,663
	Year Ended December 31, 2017
	Permanent Recruitment		Contracting		Talent Management		Other		Total
Revenue	$	81,490	$	275,375	$	38,092	$	2,149	$	397,106
Direct costs (1)	359		243,244		6,687		2,140		252,430
Gross profit	$	81,131	$	32,131	$	31,405	$	9	$	144,676

(1) Direct costs include the direct staffing costs of salaries, payroll taxes, employee benefits, travel expenses, and insurance costs for the Company’s contractors and reimbursed out-of-pocket expenses and other direct costs. Other than reimbursed out-of-pocket expenses, there are no other direct costs associated with the Permanent Recruitment and Other categories. Gross profit represents revenue less direct costs. The region where services are provided, the mix of contracting, and permanent recruitment, and the functional nature of the staffing services provided can affect gross profit.