| Discontinued Operations Financial Statement Impact |
The following table presents revenue, (expenses), gains, and (losses) attributable to discontinued operations:
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Three months ended June 30, |
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Six months ended June 30, |
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|
2015 |
|
2014 |
|
2015 |
|
2014 |
Major line items constituting income (loss) of discontinued operations: |
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Total revenue |
|
$ |
3,617 |
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|
$ |
4,577 |
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|
$ |
6,849 |
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|
$ |
9,217 |
|
Cost of revenue |
|
(3,599 |
) |
|
(4,180 |
) |
|
(6,830 |
) |
|
(8,140 |
) |
Research and development |
|
(422 |
) |
|
— |
|
|
(853 |
) |
|
— |
|
Selling, general and administrative |
|
(198 |
) |
|
— |
|
|
(221 |
) |
|
— |
|
Gain on insurance recovery |
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— |
|
|
165 |
|
|
— |
|
|
165 |
|
Severance and exit costs (Note 13) |
|
(1,053 |
) |
|
— |
|
|
(1,053 |
) |
|
— |
|
Impairment charge from classification of assets as held for sale |
|
(1,350 |
) |
|
— |
|
|
(1,350 |
) |
|
— |
|
Income (loss) from discontinued operations |
|
$ |
(3,005 |
) |
|
$ |
562 |
|
|
$ |
(3,458 |
) |
|
$ |
1,242 |
|
The following table presents depreciation, capital expenditures, and significant operating and investing non-cash items related to the discontinued operations:
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Six months ended June 30, |
|
2015 |
|
2014 |
Depreciation expense |
$ |
391 |
|
|
$ |
562 |
|
Purchases of property and equipment |
(527 |
) |
|
(323 |
) |
Stock-based compensation |
101 |
|
|
50 |
|
Changes in deferred rent |
(122 |
) |
|
(56 |
) |
Equipment purchases in accounts payable and accrued expenses |
20 |
|
|
6 |
|
The following table presents a reconciliation of the carrying amounts of assets and liabilities of the Services Business to assets held for sale, net in the balance sheets:
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June 30, 2015 |
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December 31, 2014 |
Carrying amounts of assets included as part of discontinued operations: |
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Accounts and unbilled receivables, net |
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$ |
1,715 |
|
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$ |
1,501 |
|
Prepaid expenses and other current assets |
|
761 |
|
|
289 |
|
Property and equipment, net |
|
4,901 |
|
|
4,835 |
|
Other assets |
|
59 |
|
|
76 |
|
Disposal loss recognized on classification as held for sale |
|
(1,350 |
) |
|
— |
|
Assets held for sale, net |
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$ |
6,086 |
|
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$ |
6,701 |
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Carrying amounts of liabilities included as part of discontinued operations: |
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Accounts payable and accrued expenses |
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$ |
546 |
|
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$ |
681 |
|
Deferred revenue |
|
381 |
|
|
445 |
|
Deferred rent |
|
1,172 |
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|
1,294 |
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Liabilities related to assets held for sale |
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$ |
2,099 |
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$ |
2,420 |
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