Assets Held for Sale and Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2020

Discontinued Operations and Disposal Groups [Abstract]

Summary of discontinued operations

Operating results of our discontinued Stitcher operations were as follows:

	Three Months Ended  June 30,				Six Months Ended  June 30,
(in thousands)	2020		2019		2020		2019
Operating revenues	$	16,568	$	17,067	$	33,696	$	32,171
Total costs and expenses	(22,261)		(22,591)		(45,063)		(42,344)
Depreciation and amortization of intangible assets	(587)		(705)		(1,157)		(1,491)
Other, net	(106)		—		(106)		—
Loss from discontinued operations before income taxes	(6,386)		(6,229)		(12,630)		(11,664)
Provision (benefit) for income taxes	(1,855)		(65)		(3,488)		(2,006)
Net loss from discontinued operations	$	(4,531)	$	(6,164)	$	(9,142)	$	(9,658)

Summary of Stitcher assets held-for-sale included in balance sheet

The following table presents a summary of the Stitcher assets held for sale included in our condensed consolidated balance sheets.

(in thousands)	As of  June 30,  2020		As of  December 31,  2019
Assets:
Total current assets	$	28,865	$	34,793
Investments	159		178
Property and equipment	5,488		5,526
Goodwill and intangible assets	47,507		48,292
Operating lease right-of-use assets	10,041		10,448
Other assets	3,975		2,029
Total assets included in the disposal group	96,035		101,266
Liabilities:
Total current liabilities	9,917		10,175
Other liabilities	9,165		12,552
Total liabilities included in the disposal group	19,082		22,727
Net assets included in the disposal group	$	76,953	$	78,539