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Discontinued Operations Gracenote Companies Statement of Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
(Loss) income from discontinued operations, net of taxes $ (579) $ (8,935) $ 15,039 $ (12,944)
Gracenote Companies | Discontinued Operations, Disposed of by Sale        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Operating revenues 0 [1] 46,884 18,168 [1] 99,476
Direct operating expenses 0 [1] 18,862 7,292 [1] 35,556
Selling, general and administrative 0 [1] 27,285 15,349 [1] 55,350
Depreciation (2) 0 [1],[2] 3,052 0 [1],[2] 5,948
Amortization (2) 0 [1],[2] 7,751 0 [1],[2] 15,464
Operating loss 0 [1] (10,066) (4,473) [1] (12,842)
Interest income 0 [1] 13 16 [1] 26
Interest expense (3) 0 [1] (3,836) [3] (1,261) [1],[3] (7,671) [3]
Loss before income taxes 0 [1] (13,889) (5,718) [1] (20,487)
Pretax (loss) gain on the disposal of discontinued operations (952) [1] 0 34,510 [1] 0
Total pretax gain (loss) on discontinued operations (952) [1] (13,889) 28,792 [1] (20,487)
Income tax (benefit) expense (4) [4] (373) [1] (4,954) 13,753 [1] (7,543)
(Loss) income from discontinued operations, net of taxes $ (579) [1] $ (8,935) $ 15,039 [1] $ (12,944)
[1] (1) Results of operations for the Gracenote Companies are reflected through January 31, 2017, the date of the Gracenote Sale.
[2] (2)No depreciation expense or amortization expense was recorded by the Company in 2017 as the Gracenote Companies’ assets were held for sale as of December 31, 2016.
[3] (3) The Company used $400 million of proceeds from the Gracenote Sale to pay down a portion of its outstanding borrowings under the Company’s Term Loan Facility (as defined and described in Note 6). Interest expense associated with the Company’s outstanding Term Loan Facility was allocated to discontinued operations based on the ratio of the $400 million prepayment to the total outstanding indebtedness under the Term Loan Facility in effect in each respective period.
[4] (4)The effective tax rates on pretax (loss) income from discontinued operations were 39.2% and 35.7% for the three months ended June 30, 2017 and June 30, 2016, respectively, and 47.8% and 36.8% for the six months ended June 30, 2017 and June 30, 2016, respectively. The 2017 rate differs from the U.S. federal statutory rate of 35% primarily due to state income taxes (net of federal benefit), foreign tax rate differences, and an adjustment relating to the sale of the Gracenote Companies. The 2016 rates differ from the U.S. federal statutory rate of 35% primarily due to state income taxes (net of federal benefit) and foreign tax rate differences.