Discontinued Operations

9 Months Ended

Sep. 30, 2017

Discontinued Operations

Discontinued Operations

15.    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 condensed consolidated statements of operations and comprehensive income (loss) for the nine months ended September 30, 2016 because those operations were disposed of as of March 31, 2016.  There were no discontinued operations for the three and nine months ended September 30, 2017.  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 September 30, 2017, December 31, 2016, and September 30, 2016.

The operating results of discontinued operations for the nine months ended September 30, 2017 and 2016 are as follows (in thousands):

	Nine months ended September 30,
	2017		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)