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DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE
 12 Months Ended
Dec. 31, 2015
Discontinued Operations and Assets Held for Sale [Abstract]  
DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE
DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE
Discontinued operations and assets held for sale prior to the adoption of FASB Accounting Standards Update No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity
In the fourth quarter of 2013, we announced our intention to focus on our core television broadcast operations and commenced a process to divest certain non-core businesses. During 2014, we sold 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; and Pro Video Romania and Pro Video Hungary, our home video distribution businesses operating in those countries, both of which were components of our Romania reporting unit. During 2015, we completed our non-core divestiture plans with the sales of our Romanian studios, cinema, music, radio and remaining distribution businesses. The impact of these events has been retroactively applied to all periods presented.
Loss from discontinued operations, net of taxes, comprised the following for the year ended December 31, 2015, 2014 and 2013:
 
For The Year Ending December 31,
 
2015

 
2014

 
2013

Net revenues
$
7,285

 
$
50,191

 
$
57,900

 
 
 
 
 
 
Loss from discontinued operations before income taxes and loss on sale
(1,990
)
 
(17,893
)
 
(4,131
)
Credit / (provision) for income taxes
91

 
1,987

 
(968
)
Loss from discontinued operations, net of taxes, before loss on sale
(1,899
)
 
(15,906
)
 
(5,099
)
Loss on sale of divested businesses, net of tax (1)
(11,388
)
 
(64,525
)
 
—

Loss from discontinued operations, net of tax
$
(13,287
)
 
$
(80,431
)
 
$
(5,099
)
(1) 
Amount includes realized gains / losses on completed disposal transactions in 2015 and 2014, and losses related to fair value adjustments required to measure our assets held for sale at fair value less costs to sell for businesses classified as discontinued operations in 2014. For the year ended December 31, 2015, the amount includes losses related to the reclassification of the cumulative translation adjustment into net income of US$ 7.7 million and the reclassification of accumulated losses attributable to noncontrolling interest of US$ 3.7 million. For the year ended December 31, 2014, the amount includes losses related to the reclassification of the cumulative translation adjustment into net income of US$ 3.1 million.
In the fourth quarter of 2014, we committed to a plan to sell a surplus facility and related land in Bulgaria. During the year ended December 31, 2015, we recognized a loss on sale of this facility of US$ 3.3 million within non-operating expense, net in our consolidated statements of operations and comprehensive income.
Discontinued operations and assets held for sale subsequent to the adoption of FASB Accounting Standards Update No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity
In the third quarter of 2015, we entered into an agreement to sell our Romanian studios along with its parent holding company on an as-is basis and completed the sale on October 16, 2015. For the year ended December 31, 2015, we recognized a loss on sale of US$ 14.6 million within non-operating expense, net in our consolidated statements of operations and comprehensive income as the parent holding company did not qualify as a discontinued operation.