Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2019

Discontinued Operations

Schedule of discontinued operations unaudited condensed consolidated statements of operations

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
	(in thousands)
Net revenue	$	-	$	11,315	$	18,771	$	29,037
Operating expenses		114		8,100		16,503		18,033
Impairment charges		-		-		161,224		-
Loss on sale of MSLO		-		-		2,008		-
(Loss) income from operations		(114)		3,215		(160,964)		11,004
Other expense		136		-		236		-
Interest expense		-		1,773		3,570		5,066
(Loss) income from discontinued operations before income taxes		(250)		1,442		(164,770)		5,938
Provision for (benefit from) income taxes		59		595		(42,578)		2,451
(Loss) income from discontinued operations	$	(309)	$	847	$	(122,192)	$	3,487

Schedule of discontinued operations balance sheet

	September 30,		December 31,
	2019		2018
	(in thousands)
Carrying amount of assets included as part of discontinued operations:
Current Assets:
Accounts receivable, net	$	-	$	16,602
Prepaid expenses and other current assets		9,218		7,243
Total current assets classified as held for disposition from discontinued operations		9,218		23,845
Property and equipment, net		-		580
Intangible assets, net		-		330,084
Total assets classified as held for disposition from discontinued operations	$	9,218	$	354,509
Carrying amount of liabilities included as part of discontinued operations:
Current Liabilities:
Accounts payable and accrued expenses	$	3,731	$	11,927
Current portion of deferred revenue		-		3,523
Total current liabilities classified as held for disposition from discontinued operations		3,731		15,450
Deferred income taxes		-		34,938
Other long-term liabilities		-		3,629
Total liabilities classified as held for disposition from discontinued operations	$	3,731	$	54,017

Schedule of discontinued operations cash flow

	Nine Months Ended September 30,
	2019		2018
	(in thousands)
Cash provided by discontinued operating activities	$	7,647	$	4,711
Cash used in discontinued investing activities	$	(44)	$	(44)
Cash used in discontinued financing activities	$	(574)	$	(975)