Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

Summary information of disposal classified as held for sale

The following table presents the major classes of assets and liabilities presented as held for sale related to the Big Fish Transaction as of December 31, 2017 and 2016:

	December 31,
(in millions)	2017		2016
ASSETS
Current assets:
Cash and cash equivalents	$	2.6	$	3.4
Accounts receivable	42.9		24.7
Game software development, net	6.9		9.6
Other current assets	16.7		33.1
Current assets of discontinued operations held for sale	69.1		70.8
Property and equipment, net	16.4		13.8
Game software development, net	13.5		6.3
Goodwill	530.7		530.7
Other intangible assets, net	238.8		271.7
Other assets	24.0		0.8
Long-term assets of discontinued operations held for sale	823.4		823.3
Total assets	$	892.5	$	894.1
LIABILITIES
Current liabilities:
Accounts payable	$	5.5	$	3.7
Accrued expense	35.0		26.9
Deferred revenue	85.1		81.3
Big Fish Games deferred payment	28.4		27.8
Big Fish Games earnout liability	34.2		67.9
Current liabilities of discontinued operations held for sale	188.2		207.6
Deferred income taxes	47.6		90.0
Other liabilities	7.2		2.3
Non-current liabilities of discontinued operations held for sale	54.8		92.3
Total liabilities	$	243.0	$	299.9

The following table presents the financial results of Big Fish Games included in “Income (loss) from discontinued operations, net of tax”:

	Years Ended December 31,
(in millions)	2017			2016			2015
Net revenue	$	466.0		$	486.2		$	413.7
Operating expenses	369.0			398.9			340.1
Selling, general and administrative expense	27.8			20.9			15.2
Research and development	39.6			39.0			39.4
Transaction expense, net	4.7			5.8			21.7
Total operating expense	441.1			464.6			416.4
Operating income (loss)	24.9			21.6			(2.7		)
Other expense	(1.7		)	(0.9		)	(0.6		)
Income (loss) from discontinued operations before provision for income taxes	23.2			20.7			(3.3		)
Income tax provision	(5.1		)	(9.3		)	(2.3		)
Income (loss) from discontinued operations, net of tax	$	18.1		$	11.4		$	(5.6	)

Fair value of liabilities measured on recurring basis

The following tables present our liabilities measured at fair value on a recurring basis related to our discontinued operations and liabilities held for sale:

	Level 3
(in millions)	December 31, 2017		December 31, 2016
Big Fish Games deferred payments	$	28.4	$	27.8
Big Fish Games earnout liability	34.2		67.9
Total	$	62.6	$	95.7

Fair value of liabilities measured on recurring basis, unobservable input reconciliation

The following table presents the change in fair value of our instruments classified within Level 3 related to our discontinued operations and liabilities held for sale:

	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
(in millions)	Big Fish Games Deferred Payments		Big Fish Games Earnout Liability			Total
Balance as of December 31, 2016	$	27.8	$	67.9		$	95.7
Payments	—		(34.2		)	(34.2		)
Change in fair value	0.6		0.5			1.1
Balance as of December 31, 2017	$	28.4	$	34.2		$	62.6