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DISCONTINUED OPERATIONS: (Tables)
3 Months Ended
Jun. 30, 2014
DISCONTINUED OPERATIONS:  
Schedule of summary results of operations for discontinued operations

 

Summary results of operations of the 2Touch business unit for the three months ended June 30, 2014 and 2013, respectively, are segregated and included in earnings (loss) from discontinued operations, net of tax, in the condensed consolidated statements of operations and are as follows (dollars in thousands):

 

 

 

For the quarter ended
June 30

 

 

 

2014

 

2013

 

Revenues

 

$

5,762

 

$

9,015

 

 

 

 

 

 

 

Earnings from discontinued operations before income taxes

 

$

343

 

$

614

 

Loss on sale of discontinued operations before income taxes

 

(1,875

)

 

Income taxes

 

 

(22

)

Earnings (loss) from discontinued operations, net of tax

 

$

(1,532

)

$

592

 

 

Schedule of carrying amounts of assets and liabilities of discontinued operations

 

The carrying amounts of the major classes of assets and liabilities of the 2Touch business unit are segregated and included in assets from discontinued operations and liabilities from discontinued operations in the condensed consolidated balance sheets and are as follows (dollars in thousands):

 

 

 

June 30,
2014

 

March 31,
 2014

 

Trade accounts receivable, net

 

$

886 

 

$

6,451 

 

Other current assets

 

 

881 

 

Other assets, net

 

249 

 

 

Assets from discontinued operations

 

$

1,140 

 

$

7,332 

 

 

 

 

 

 

 

Trade accounts payable and accrued expenses

 

$

380 

 

$

 

Accrued payroll and related expenses

 

178 

 

1,790 

 

Other accrued expenses

 

1,040 

 

2,350 

 

Deferred revenue

 

83 

 

106 

 

Liabilities from discontinued operations

 

$

1,681 

 

$

4,250