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DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE (Tables)
 3 Months Ended
Mar. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
The carrying amounts of the major classes of assets and liabilities of our discontinued operations that are classified as held for sale in the condensed consolidated balance sheets at March 31, 2018 and December 31, 2017 were:
 
March 31, 2018

 
December 31, 2017

Assets held for sale
 
 
 
Cash and cash equivalents
$
6,033

 
$
8,784

Accounts receivable, net
35,364

 
43,540

Program rights, net
68,210

 
62,017

Property, plant and equipment, net
22,610

 
22,870

Other assets
11,264

 
10,945

Total assets held for sale
$
143,481

 
$
148,156

 
 
 
 
Liabilities held for sale
 
 
 
Accounts payable and accrued liabilities
$
28,006

 
$
30,073

Other liabilities
5,355

 
2,058

Total liabilities held for sale
$
33,361

 
$
32,131

Income / (loss) from discontinued operations, net of tax, comprised the following for the three months ended March 31, 2018 and 2017:
 
For the Three Months Ended March 31,
 
2018

 
2017

Net revenues
$
31,814

 
$
23,270

Cost of revenues
21,277

 
19,858

Selling, general and administrative expenses
5,052

 
4,168

Operating income / (loss)
5,485

 
(756
)
Interest expense (1)
(4,207
)
 
(4,762
)
Other non-operating income, net
333

 
93

Income / (loss) from discontinued operations, before tax
1,611

 
(5,425
)
(Provision) / credit for income taxes
(623
)
 
133

Income / (loss) from discontinued operations, net of tax
$
988

 
$
(5,292
)
(1) 
For the three months ended March 31, 2018 and 2017, we paid US$ 0.9 million and US$ 0.8 million, respectively, of interest and Guarantee Fees associated with the 2018 Euro Term Loan and 2019 Euro Term Loan (as defined in Note 5, "Long-term Debt and Other Financing Arrangements"). These payments were allocated to Net cash provided by discontinued operations - operating activities in our Condensed Consolidated Statements of Cash Flows as we are required to apply the expected proceeds from the Divestment Transaction towards the repayment of the remaining principal amounts owing in respect of the 2018 Euro Term Loan as well as to the fees related to the 2019 Euro Term Loan, including Guarantee Fees and the Commitment Fee which we have previously paid in kind pursuant to the Reimbursement Agreement. To the extent excess funds are available thereafter, the remaining proceeds are required to be applied to the principal amounts owing in respect of the 2019 Euro Term Loan.