Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2016

Discontinued Operations And Disposal Groups [Abstract]

Summary of discontinued business segment

The following table summarizes the preliminary calculation of the gain on sale (in thousands):

Consideration received	$	80,000
Cash included in assets sold		(4,250	)
Transaction costs		(5,960	)
Net cash proceeds		69,790
Less:
Product supply obligation		(1,927	)
Working capital adjustment		(2,295	)
Carrying value of business and assets sold		(57,633	)
Net gain on sale of business	$	7,935

The following table summarizes the results of discontinued operations for the periods presented in the consolidated statements of operations for the years ended December 31, 2016 and 2015 and 2014 (in thousands):

	Years ended December 31,
Discontinued operations	2016			2015			2014
Revenues	$	40,130		$	50,891		$	52,355
Cost of revenues		19,381			17,376			16,826
Amortization of acquired intangible assets		1,291			1,453			1,787
Gross profit		19,458			32,062			33,742
Operating (income) expenses:
Research and development		51			152			206
Sales and marketing		12,980			19,055			21,397
General and administrative		4,846			6,741			11,075
Amortization of intangible assets		622			1,200			—
Goodwill and intangible impairment		—			908			—
Restructuring expenses		794			591			706
Net gain on sale of business		(7,935	)		—			—
Total operating expenses		11,358			28,647			33,384
Operating income		8,100			3,415			358
Other income (expense):
Interest income		45			42			—
Interest expense		(7,004	)		(8,588	)		(10,594	)
Other income (expense), net		1,883			(466	)		(1,869	)
Total other income (expense)		(5,076	)		(9,012	)		(12,463	)
Income (loss) from discontinued operations before taxes		3,024			(5,597	)		(12,105	)
Income tax provision		6,648			1,826			679
Loss from discontinued operations, net of applicable taxes	$	(3,624	)	$	(7,423	)	$	(12,784	)

The following table summarizes the assets and liabilities of discontinued operations as of December 31, 2016 and 2015 related to the International Business (in thousands):

	December 31, 2016		December 31, 2015
Assets
Current assets:
Cash	$	159	$	4,934
Accounts receivable, net		—		11,449
Inventories, net		48		12,276
Prepaid expenses and other current assets		157		1,551
Total current assets of discontinued operations		364		30,210
Property and equipment, net		—		5,850
Intangible assets, net		—		12,810
Other assets		61		797
Total assets of discontinued operations	$	425	$	49,667
Liabilities
Current liabilities:
Accounts payable	$	43	$	627
Accrued expenses		689		8,616
Deferred revenue		—		648
Total current liabilities of discontinued operations		732		9,891
Other long-term liabilities		—		1,516
Total liabilities of discontinued operations	$	732	$	11,407

Included in the statement of cash flows for the year ended December 31, 2016 and 2015 are the following capital expenditures and non-cash adjustments related to the discontinued operations (in thousands):

	Year ended December 31,
	2016		2015		2014
Depreciation and amortization	$	3,836	$	5,261	$	6,595
Provision for doubtful accounts	$	—	$	170	$	—
Provision for excess and obsolete inventory	$	151	$	380	$	954
Capital expenditures	$	1,319	$	2,975	$	2,946
Interest expense related to amortization of debt discount    and debt issuance costs	$	2,052	$	2,627	$	4,944