DISPOSITION OF THE CORE BUSINESS (Tables)

12 Months Ended

Dec. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

Disposal group, including discontinued operations

The table below summarizes the cash consideration and the carrying values of disposed assets at the disposition date of August 30, 2018 included as part of discontinued operations:

(In thousands)
Gross consideration from the sale of the Core Business	$	97,000
Closing and transaction costs	5,905
Net proceeds from sale of the Core Business before taxes	$	91,095
Non-cash commitment to provide inventory	$	2,305
Book value of the Core Business
Current assets:
Inventories, net	$	2,195
Prepaid expenses and other current assets	57
Total current assets	2,252
Property and equipment, net of depreciation	375
Brand name and trademark	1,510
Purchased technology and license rights, net of depreciation	112
Total non-current assets	1,997
Total assets	$	4,249
Net gain on sale of the Core Business before taxes	84,541
Income tax expense	16,137
Net gain on sale of the Core Business after income taxes	$	68,404

Cash flows associated with discontinued operations are shown in the table below:

(in thousands)	2019	2018		2017
Net Income from discontinued operations	—	73,503		8,620
Depreciation and amortization	—	126		529
Change in current assets from discontinued operations	—	(2,378	)	362
Change in non current assets from discontinued liabilities	—	(1,997	)	(632	)
Change in current liabilities from discontinued operations	—	(1,021	)	(1,451	)
Net cash provided by operating activities	—	68,233		7,428