| Major Components of Assets and Liabilities of Discontinued Operations |
The major components of assets and liabilities of our discontinued
operations were as follows:
|
|
|
|
|
|
(in thousands)
|
|
December 31,
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 Condensed Consolidated Statements of Operations |
The income from discontinued operations amounts as reported on our
condensed consolidated statements of operations were comprised of
the following amounts:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Three Months Ended
September 30,
|
|
|
For the Nine Months Ended
September 30,
|
|
|
(in thousands, except per share data)
|
|
2016 |
|
|
2015 |
|
|
2016 |
|
|
2015 |
|
| |
|
(unaudited)
|
|
|
(unaudited)
|
|
|
Net revenue
|
|
$ |
— |
|
|
$ |
47,799 |
|
|
$ |
52,627 |
|
|
$ |
120,192 |
|
|
Cost of goods sold
|
|
|
— |
|
|
|
28,839 |
|
|
|
32,975 |
|
|
|
70,816 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit
|
|
|
— |
|
|
|
18,960 |
|
|
|
19,652 |
|
|
|
49,376 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses
|
|
|
1,042 |
|
|
|
25,765 |
|
|
|
33,641 |
|
|
|
55,897 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from operations
|
|
|
(1,042 |
) |
|
|
(6,805 |
) |
|
|
(13,989 |
) |
|
|
(6,521 |
) |
|
Other (expense) income
|
|
|
— |
|
|
|
(352 |
) |
|
|
234 |
|
|
|
(457 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes and noncontrolling interest
|
|
|
(1,042 |
) |
|
|
(7,157 |
) |
|
|
(13,755 |
) |
|
|
(6,978 |
) |
|
Income tax expense (benefit)
|
|
|
(4,989 |
) |
|
|
447 |
|
|
|
(4,831 |
) |
|
|
621 |
|
|
Income (loss) from discontinued operations attributable to
the
non-controlling interest, net of tax
|
|
|
— |
|
|
|
(550 |
) |
|
|
(310 |
) |
|
|
(566 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from the operation of discontinued operations
|
|
|
3,947 |
|
|
|
(8,154 |
) |
|
|
(9,234 |
) |
|
|
(8,165 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gain on disposal of discontinued operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gain on sale of Gaiam Brand segment
|
|
|
114,499 |
|
|
|
— |
|
|
|
124,826 |
|
|
|
— |
|
|
Write-off of assets impacted by, but not included in sale
|
|
|
3,740 |
|
|
|
— |
|
|
|
3,740 |
|
|
|
— |
|
|
Income tax expense
|
|
|
14,111 |
|
|
|
— |
|
|
|
14,111 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from discontinued operations, net of tax
|
|
$ |
100,595 |
|
|
$ |
(8,154 |
) |
|
$ |
97,741 |
|
|
$ |
(8,165 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
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|