Annual report pursuant to Section 13 and 15(d)

Discontinued Operations (Tables)

v3.6.0.2
Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2016
Discontinued Operations And Disposal Groups [Abstract]  
Major Components of Assets and Liabilities of Discontinued Operations

The major components of assets and liabilities of our discontinued operations were as follows

 

 

 

As of December 31,

 

(in thousands)

 

2016

 

 

2015

 

Current assets:

 

 

 

 

 

 

 

 

Cash

 

$

—

 

 

$

12,605

 

Accounts receivable, net

 

 

—

 

 

 

26,441

 

Inventory, less allowances

 

 

—

 

 

 

17,302

 

Other current assets

 

 

—

 

 

 

12,512

 

Total current assets of discontinued operations

 

$

—

 

 

$

68,860

 

Property, equipment and media library, net

 

 

—

 

 

 

6,237

 

Goodwill and other intangibles, net

 

 

—

 

 

 

5,497

 

Other assets

 

 

—

 

 

 

3,599

 

Total noncurrent assets of discontinued

   operations

 

$

—

 

 

$

15,333

 

Current liabilities:

 

 

 

 

 

 

 

 

Accounts payable and accrued liabilities

 

 

—

 

 

 

32,214

 

Total current liabilities of discontinued

   operations

 

$

—

 

 

$

32,214

 

 
Income from Discontinued Operations Amounts as Reported on Consolidated Statements of Operations

The income from discontinued operations amounts as reported on our consolidated statements of operations was comprised of the following amounts:

 

 

 

Years Ended December 31,

 

(in thousands)

 

2016

 

 

2015

 

 

2014

 

Net revenue

 

$

52,627

 

 

$

174,559

 

 

$

158,456

 

Cost of goods sold

 

 

32,975

 

 

 

100,652

 

 

 

91,670

 

Gross profit

 

 

19,652

 

 

 

73,907

 

 

 

66,786

 

Operating expenses

 

 

33,641

 

 

 

73,118

 

 

 

64,623

 

Income (loss) from operations

 

 

(13,989

)

 

 

789

 

 

 

2,163

 

Other (expense) income

 

 

234

 

 

 

(1,560

)

 

 

(55

)

Income (loss) before income taxes and

   noncontrolling interest

 

 

(13,755

)

 

 

(771

)

 

 

2,108

 

Income tax expense (benefit)

 

 

(4,831

)

 

 

1,222

 

 

 

1,219

 

Loss from discontinued operations attributable to

   the non-controlling interest, net of tax

 

 

(310

)

 

 

(694

)

 

 

(959

)

Loss from the operation of discontinued

   operations

 

 

(9,234

)

 

 

(2,687

)

 

 

(70

)

Gain on disposal of discontinued operations:

 

 

 

 

 

 

 

 

 

 

 

 

Gain on sale of Gaiam Brand segment

 

 

124,826

 

 

 

—

 

 

 

—

 

Write-off of assets impacted by, but not included

   in sale

 

 

3,740

 

 

 

—

 

 

 

—

 

Income tax expense

 

 

14,004

 

 

 

—

 

 

 

—

 

Income (loss) from discontinued operations, net of

   tax

 

$

97,848

 

 

$

(2,687

)

 

$

(70

)