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Discontinued Operations
12 Months Ended
Dec. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]  
Discontiued Operations
DISCONTINUED OPERATIONS
Sale of Fight! Magazine
On December 16, 2013, the Company completed the sale of 100% of the assets of Fight! Magazine ("Fight") for an immaterial cash consideration. Fight is a division of Bluff which was acquired by the Company in February 2012. Net revenues, operating expenses and the loss on sale of Fight for the years ended December 31, 2013 and 2012, have been reclassified to discontinued operations.
Hollywood Park Racetrack
The Company recognized operating expenses of $0.1 million during the year ended December 31, 2013, from adjustments related to workers' compensation reserves retained by the Company subsequent to its sale of Hollywood Park Racetrack during 2005 which have been recorded in discontinued operations.
Financial Information
Fight and Hollywood Park have been accounted for as discontinued operations. Accordingly, the results of operations of the sold businesses for all periods presented and the loss on the sold businesses have been classified as discontinued operations, net of income taxes, in the Consolidated Statements of Comprehensive Income. Set forth below is a summary of the results of operations of discontinued businesses for the years ended December 31, 2014, 2013 and 2012 (in thousands):
 
Year ended December 31,
 
2014
 
2013
 
2012
Net revenues
$

 
$
632

 
$
1,087

Operating expenses

 
857

 
885

Selling, general and administrative expenses

 

 

Operating (loss) gain

 
(225
)
 
202

Other income (expense)

 
145

 
(2
)
(Loss) earnings from operations before income taxes

 
(80
)
 
200

Income tax benefit (provision)

 
30

 
(76
)
(Loss) gain from operations

 
(50
)
 
124

Loss on sale of assets, net of income taxes

 
(83
)
 

Net (loss) gain
$

 
$
(133
)
 
$
124