Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 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 loss for the three and six months ended June 30, 2017 and 2016 (in thousands):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
Discontinued operations	2017			2016			2017			2016
Revenues	$	—		$	11,548		$	—		$	22,103
Cost of revenues		—			4,412			—			8,225
Amortization of acquired intangible assets		—			377			—			737
Gross profit		—			6,759			—			13,141
Operating expenses:
Research and development		—			8			—			34
Sales and marketing		—			5,344			—			9,526
General and administrative		68			1,996			141			3,639
Amortization of acquired intangible assets		—			236			—			467
Restructuring expenses		—			19			—			616
Total operating expenses		68			7,603			141			14,282
Operating loss		(68	)		(844	)		(141	)		(1,141	)
Other income (expense):
Interest expense, net		—			(2,693	)		—			(5,049	)
Other income, net		—			802			—			1,649
Total other income (expense)		—			(1,891	)		—			(3,400	)
Loss from discontinued operations before taxes		(68	)		(2,735	)		(141	)		(4,541	)
Income tax provision		—			589			18			1,152
Loss from discontinued operations, net of applicable taxes	$	(68	)	$	(3,324	)	$	(159	)	$	(5,693	)

The following table summarizes the assets and liabilities of discontinued operations as of June 30, 2017 and December 31, 2016 related to the International Business (in thousands):

	June 30, 2017		December 31, 2016
Assets
Current assets:
Cash	$	—	$	159
Inventories, net		—		48
Prepaid expenses and other current assets		69		157
Total current assets of discontinued operations		69		364
Other assets		39		61
Total assets of discontinued operations	$	108	$	425
Liabilities
Current liabilities:
Accounts payable	$	—	$	43
Accrued expenses		464		689
Other current liabilities		—		—
Total current liabilities of discontinued operations	$	464	$	732
Total long-term liabilities of discontinued operations		—		—
Total liabilities of discontinued operations	$	464	$	732

Included in the cash flows for the six months ended June 30, 2017 and 2016 are the following non-cash adjustments related to the discontinued operations (in thousands):

	ThreeMonths Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Depreciation and amortization	$	—	$	1,416	$	—	$	2,812
Provision for excess and obsolete inventory	$	—	$	59	$	—	$	136
Capital expenditures	$	—	$	411	$	—	$	1,108
Interest expense related to amortization of debt discount and debt issuance costs	$	—	$	1,406	$	—	$	2,052