Business Held for Sale

3 Months Ended

Mar. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

Business Held for Sale

Business Held for Sale

As of March 31, 2021, we began the process to sell a business outside of our focus industries and as a result we have classified all of this business' assets and liabilities to held for sale. The sale is expected to occur within 12 months. The related assets held for sale are primarily composed of $1.1 million of operating lease right-of-use assets, $0.3 million of fixed asset and $0.1 million of goodwill. The related liabilities held for sale are primarily composed of $1.2 million of operating lease liabilities. This business is part of the EMEA segment.

As of December 31, 2020, we began the process to sell a business outside of our focus industries and as a result we have classified all of this business' assets and liabilities to held for sale. The sale is expected to occur within 12 months. As of March 31, 2021, the related assets held for sale are primarily composed of $35.9 million of goodwill, $2.8 million of unbilled revenue, and $1.9 million of accounts receivables. The related liabilities held for sale are primarily composed of $5.7 million of deferred revenue and $0.6 million of accounts payable and accrued expense. This business is part of the North America segment.