Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Summary of Operating Results of Discontinued Operations

The operating results related to our PPDS Technology and Visudyne business have been excluded from continuing operations and reported as discontinued operations for all periods presented:


	Three months ended					Nine months ended
	September 30,					September 30,
(In thousands of U.S. dollars)	2014			2013		2014			2013

Recovery on assets held for sale ⁽¹⁾		—			37		—			212

Operating pre-tax loss		(6	)		83		(63	)		(391	)

Gain on sale of discontinued operations ⁽²⁾		—			—		—			743


Pre-tax (loss) income		(6	)		83		(63	)		352


Provision for income taxes		—			13		—			(236	)


Net (loss) income from discontinued operations	$	(6	)	$	96	$	(63	)	$	116

⁽¹⁾	Relates to recoveries on equipment that was previously written down in connection with the sale of our PPDS Technology to Mati.

⁽²⁾	Relates to the 2013 revenue recognition of funds received from Mati at the end of 2012, which were initially recorded as deferred income, for the 90-day option to acquire assets related to our former PPDS Technology.

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References+ Details