Discontinued Operations

9 Months Ended

Sep. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations [Text Block]

Note 13: Discontinued Operations

Discontinuation of Certain New Ventures

During 2013, we discontinued four new venture concepts; Rubi, Crisp Market, Orango, and Star Studio. The wind-down process was substantially completed as of March 31, 2014. The results of the discontinued ventures, associated impairment and restructuring charges, net of tax, are recorded within Loss from discontinued operations, net of tax in our Consolidated Statements of Comprehensive Income (see Note 12: Restructuring). The discontinued concepts did not meet the criteria to be classified as held for sale and accordingly the assets and liabilities are not separately presented in our Consolidated Balance Sheets.

Summary Financial Information

The disposition and operating results of the discontinued ventures are presented in discontinued operations in our Consolidated Statements of Comprehensive Income for all periods presented. The continuing cash flows from these operations after discontinuation are insignificant and are not segregated from cash flows from continuing operations in all periods presented in our Consolidated Statements of Cash Flows.

The following table sets forth the components of discontinued operations included in our Consolidated Statements of Comprehensive Income:

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
Dollars in thousands	2014		2013			2014			2013
Revenue	$	—	$	814		$	100		$	3,373
Loss from discontinued operations before income tax	$	—	$	(6,775	)	$	(1,259	)	$	(21,365	)
Income tax benefit	—		2,636			491			8,267
Loss from discontinued operations, net of tax	$	—	$	(4,139	)	$	(768	)	$	(13,098	)