DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE (Notes)

6 Months Ended

Jun. 30, 2014

Discontinued Operations and Assets Held for Sale [Abstract]

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

DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE

Bontonfilm

In the first quarter of 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. We classified Bontonfilm as held for sale in our condensed consolidated balance sheets and 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. On June 6, 2014, we completed the sale of Bontonfilm. The proceeds from the sale were not material.

Pro Video

In the second quarter of 2014, we committed to a plan to sell Pro Video Romania and Pro Video Hungary, our home video distribution businesses operating in Romania and Hungary, respectively, both of which are components of our Romania reporting unit. We met the criteria to classify these businesses 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 these businesses as discontinued operations 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 June 30, 2014 and December 31, 2013 were:

	June 30, 2014			December 31, 2013
Assets held for sale
Cash and cash equivalents	$	580		$	1,372
Accounts receivable, net	3,242			10,496
Inventory	2,340			5,863
Other assets	2,309			4,930
Total assets held for sale	8,471			22,661
Fair value adjustment	(7,053		)	—
Assets held for sale, net	$	1,418		$	22,661
Liabilities held for sale
Accounts payable and accrued liabilities	$	1,356		$	6,029
Other liabilities	62			1,076
Total liabilities held for sale	$	1,418		$	7,105

Loss from discontinued operations, net of taxes, comprised the following for the three and six months ended June 30, 2014 and 2013:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2014			2013			2014			2013
Net revenues	$	3,026		$	4,684		$	8,403		$	11,061
Loss from discontinued operations before income taxes	(1,296		)	(1,107		)	(1,923		)	(1,352		)
Credit for income taxes	111			757			31			456
Loss from discontinued operations, net of taxes, before loss on sale	(1,185		)	(350		)	(1,892		)	(896		)
Loss on sale of divested businesses, net of taxes (1)	(8,910		)	—			(16,496		)	—
Loss from discontinued operations, net of taxes	$	(10,095	)	$	(350	)	$	(18,388	)	$	(896	)

(1) Amount includes the loss on the sale of Bontonfilm and the fair value adjustment required to measure assets held for sale at fair value less costs to sell of our Pro Video businesses.