Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2017

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 condensed consolidated statements of operations and comprehensive income (loss) for the three months ended March 31, 2017 and 2016 (in thousands):

	Three Months Ended
	March 31,
Discontinued operations	2017			2016
Revenues	$	—		$	10,555
Cost of revenues		—			3,813
Amortization of acquired intangible assets		—			360
Gross profit		—			6,382
Operating expenses:
Research and development		—			26
Sales and marketing		—			4,182
General and administrative		73			1,643
Amortization of acquired intangible assets		—			231
Restructuring expenses		—			597
Total operating expenses		73			6,679
Operating loss		(73	)		(297	)
Other income (expense):
Interest expense, net		—			(2,356	)
Other income (expense), net		—			847
Total other income (expense)		—			(1,509	)
Loss from discontinued operations before taxes		(73	)		(1,806	)
Income tax provision		18			563
Loss from discontinued operations, net of applicable taxes	$	(91	)	$	(2,369	)

The following table summarizes the assets and liabilities of discontinued operations as of March 31, 2017 and December 31, 2016 related to the International Business (in thousands):

	March 31, 2017		December 31, 2016
Assets
Current assets:
Cash	$	92	$	159
Inventories, net		—		48
Prepaid expenses and other current assets		78		157
Total current assets of discontinued operations		170		364
Other assets		58		61
Total assets of discontinued operations	$	228	$	425
Liabilities
Current liabilities:
Accounts payable	$	72	$	43
Accrued expenses		206		689
Other current liabilities		15		—
Total current liabilities of discontinued operations	$	293	$	732

Included in the cash flows for the three months ended March 31, 2017 and 2016 are the following non-cash adjustments related to the discontinued operations (in thousands):

	ThreeMonths Ended March 31,
	2017		2016
Depreciation and amortization	$	—	$	1,396
Provision for excess and obsolete inventory	$	—	$	77
Capital expenditures	$	—	$	697
Interest expense related to amortization of debt    discount and debt issuance costs	$	—	$	646