Summary of Discontinued Operations

12 Months Ended

Sep. 30, 2013

Summary of Discontinued Operations

Summary of Discontinued Operations

5. Summary of Discontinued Operations

        During 2011, the Company ceased operating its United Kingdom business which had conducted sales of surplus assets and retail merchandise. The economic downturn and a low buyer adoption rate of online inventory sourcing created ongoing losses that were not sustainable.

        The components of discontinued operations are as follows:

	Years ended September 30,
	2013		2012		2011
	(in thousands)
Revenue	$	—	$	—	$	9,976
Expense		—		—		(16,159	)
Depreciation and amortization		—		—		(637	)
Interest income		—		—		1,078
Income tax benefit		—		—		11,039
Goodwill impairment and currency translation		—		—		(17,464	)
Loss from discontinued operations	$	—	$	—	$	(12,167	)

        The impairment charge of $17.5 million includes the reversal of currency translation adjustments of $3.9 million previously recorded in accumulated other comprehensive income since the time of acquisition and is included in the calculation of loss from discontinued operations.