DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE (Notes)

3 Months Ended

Mar. 31, 2014

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE

Bontonfilm

In the first quarter 2014, we committed to a plan to sell Bontonfilm, our theatrical and home video distribution business operating in the Czech Republic and Slovak Republic; and a component of our Czech Republic reporting unit. As of March 31, 2014, we met the criteria to classify this business as held for sale in our condensed consolidated balance sheets. In addition, as the expected continuing cash flows and continuing involvement will not be significant, we classified Bontonfilm as a discontinued operation in our condensed consolidated statements of operations and comprehensive income and condensed consolidated statements of cash flows. These impacts have been retroactively applied to all periods presented.

The carrying amounts of the major classes of assets and liabilities held for sale in the condensed consolidated balance sheets at March 31, 2014 and December 31, 2013 were:

	March 31, 2014			December 31, 2013
Assets held for sale
Cash and cash equivalents	$	996		$	961
Accounts receivable, net	3,873			5,130
Inventory	3,577			3,565
Other assets	2,111			2,106
Total assets held for sale	10,557			11,762
Fair value adjustment	(7,568		)	—
Assets held for sale, net	$	2,989		$	11,762
Liabilities held for sale
Accounts payable and accrued liabilities	2,548			2,976
Other liabilities	441			942
Total liabilities held for sale	$	2,989		$	3,918

(Loss) / income from discontinued operations, net of taxes, comprised the following for the three months ended March 31, 2014 and 2013:

	For the Three Months Ended March 31,
	2014			2013
Net revenues	$	4,414		$	4,803
(Loss) / income from discontinued operations before income taxes	$	(485	)	$	16
Credit for income taxes	7			61
(Loss) / income from discontinued operations, net of taxes, before loss on sale	(478		)	77
Loss on sale of divested businesses, net of taxes (1)	(7,586		)	—
(Loss) / income from discontinued operations, net of taxes	$	(8,064	)	$	77

(1) Amount includes the estimated loss on sale generated by the adjustment to carry assets held for sale at fair value.