Discontinued Operations

12 Months Ended

Dec. 31, 2016

Discontinued Operations

Discontinued Operations

6.    Discontinued Operations

On February 29, 2016, the Company completed the closure of 14 of its Joe’s® brand retail stores.  In accordance with ASC 205-20, Presentation of Financial Statements – Discontinued Operations, the results of operations of the former Joe’s Business are reported as discontinued operations in the accompanying consolidated statement of operations and comprehensive (loss) income for the year ended December 31, 2016 because those operations were disposed of as of March 31, 2016.  Due to the timing of the RG Merger, there were no discontinued operations during the year ended December 31, 2015.  The operations and cash flows of the 14 Joe’s® brand retail stores that were part of the Joe’s Business have been recorded as discontinued operations since the Company does not have any continuing involvement in the operations of such retail stores that were closed after the disposal transaction.  There were no assets or liabilities from the discontinued operations as of December 31, 2016. Discontinued operations are included within the Corporate and other segment (See “Note 18 – Segment Reporting and Operations by Geographic Areas”).

The operating results of discontinued operations for the year ended December 31, 2016 are as follows (in thousands):

	Year ended
	December 31, 2016
Net sales from discontinued operations	$	1,208
Loss from discontinued operations before income tax	$	(1,286)
Income tax provision		—
Loss from discontinued operations	$	(1,286)