Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2019

Discontinued Operations

Schedule of discontinued operations unaudited condensed consolidated statements of operations

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Net revenue	$	7,383	$	9,081	$	18,771	$	17,722
Operating expenses		9,164		5,021		16,389		9,779
Impairment charges		-		-		161,224		-
Loss on sale of MSLO		2,008		-		2,008		-
(Loss) income from operations		(3,789)		4,060		(160,850)		7,943
Other expense		-		-		100		-
Interest expense		1,769		1,697		3,570		3,293
(Loss) income from discontinued operations before income taxes		(5,558)		2,363		(164,520)		4,650
(Benefit from) provision for income taxes		(4,249)		975		(42,637)		1,919
Net (loss) income from discontinued operations	$	(1,309)	$	1,388	$	(121,883)	$	2,731

Schedule of discontinued operations balance sheet

	June 30,		December 31,
	2019		2018
	(Unaudited)
Carrying amount of assets included as part of discontinued operations:
Current Assets:
Accounts receivable, net	$	-	$	16,602
Prepaid expenses and other current assets		10,219		7,243
Total current assets classified as held for disposition from discontinued operations		10,219		23,845
Property and equipment, net		-		580
Intangible assets, net		-		330,084
Total assets classified as held for disposition from discontinued operations	$	10,219	$	354,509
Carrying amount of liabilities included as part of discontinued operations:
Current Liabilities:
Accounts payable and accrued expenses	$	3,875	$	11,927
Current portion of deferred revenue		-		3,523
Total current liabilities classified as held for disposition from discontinued operations		3,875		15,450
Deferred income taxes		-		34,938
Other long-term liabilities		-		3,629
Total liabilities classified as held for disposition from discontinued operations	$	3,875	$	54,017

Schedule of discontinued operations cash flow

	Six Months Ended June 30,
	2019		2018
	(in thousands)
Net cash provided by discontinued operating activities	$	6,955	$	3,364
Net cash used in discontinued investing activities	$	(44)	$	(34)
Net cash used in discontinued financing activities	$	(574)	$	(650)