BUSINESS HELD FOR SALE DISCONTINUED OPERATIONS AND DISPOSITIONS (Tables)

3 Months Ended

Mar. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table presents the operating and investing cash flows of our discontinued Hexis business as of March 31, 2016 and 2015 (in thousands):

	Three months ended March 31,
	2016			2015
Non-Cash Operating Items
Depreciation and amortization expense	$	1,016		$	1,893
Impairment of Commercial Cyber Solutions Goodwill	6,980			—
Loss recognized on classification as held for sale	2,275			—
Cash Flows from Investing Activities
Purchases of property and equipment	$	(417	)	$	(397	)

The following table summarizes the aggregate carrying amounts of the major classes of Hexis assets and liabilities that were classified as held for sale as of March 31, 2016 and December 31, 2015 (in thousands):

	March 31, 2016(1)			December 31, 2015
Receivables	$	2,547		$	5,256
Inventories, net	3,252			2,164
Prepaid expenses	1,175			345
Property and equipment, net	4,964			5,341		(2)
Goodwill	487			7,467		(2)
Other intangibles, net	2,219			2,600		(2)
Estimated cost to sell disposal group	(2,275		)	—
Total assets classified as held for sale:	$	12,369		$	23,173
Accounts payable and other accrued expenses	$	4,628		$	3,686
Deferred revenue	4,676			3,398
Total liabilities held for sale	$	9,304		$	7,084

(1) On May 2, 2016 the Company closed on the sale of the assets of its Hawkeye AP product line; and expects the sale of the assets of the Hawkeye G product line to close in less than a year. Therefore, for the period ended March 31, 2016, all assets and liabilities held for sale are reported as current assets and liabilities held for sale on the Condensed Consolidated Balance Sheets.

(2) Amounts as of December 31, 2015, are reflected as part of the non-current assets and liabilities held for sale.

The following table provides a summary of the operating results of Hexis, which we have reflected as discontinued operations for the quarters ended March 31, 2016 and 2015 (in thousands):

	Three months ended March 31,
	2016		2015
Revenues	2,078		2,785
Costs of Revenues, excluding amortization	976		984
Operating expenses	9,275		10,156
Impairment of goodwill	6,980		—
Intangible amortization expense	381		1,279
Estimated cost to sell disposal group	2,275		—
Loss before Income Taxes from Discontinued Operations	(17,809	)	(9,634	)
Income Tax Benefit, net on Discontinued Operations	(490	)	(3,657	)
Loss on Discontinued Operations	(17,319	)	(5,977	)