DISCONTINUED OPERATIONS

12 Months Ended

Dec. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

NOTE 12 - DISCONTINUED OPERATIONS

In December 2019, we sold our Workspace Management business to FM:Systems for approximately $121,500 in cash, of which $1,685 is held in escrow and is included in prepaid expenses and other current assets in the consolidated balance sheet as of December 31, 2019. This transaction enables us to focus on and continue to deliver its HCM solutions to small and mid-size businesses. 

The table below reflects the operating results of the Workspace Management business reported as discontinued operations:

	Years Ended December 31
	2019			2018
Revenue	$	24,619		$	25,326
Income from discontinued operations	$	3,498		$	4,578
Gain on sale of discontinued operations	94,293			—
Income tax expense	(25,499		)	(753		)
Income from discontinued operations, net of taxes	$	72,292		$	3,825

The table below shows the carrying amounts of major classes of assets and liabilities of the discontinued operations presented separately in the consolidated balance sheet as of December 31, 2018:

Accounts receivable, net	$	10,926
Other current assets	2,807
Property and equipment, net	2,514
Goodwill	12,279
Intangible assets, net	4,512
Other assets	1,752
Total assets	$	34,790

Accounts payable	$	717
Accrued liabilities and other current liabilities	10,634
Other long-term liabilities	1,334
Total liabilities	$	12,685

The table below reflects the depreciation, amortization, capital expenditures, and significant operating and investing non-cash items of the Workspace Management business reported as discontinued operations:

	Years Ended December 31
	2019			2018
Depreciation and amortization	$	1,060		$	1,905
Provision for doubtful accounts	(87		)	1,908
Share based compensation	278			122
Capital expenditures	(417		)	(480		)
Software capitalization	(1,083		)	(822		)
Gain on sale of discontinued operations	(94,293		)	—