Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations, Assets Held for Sale, Impairment Charges (Tables)

v3.2.0.727
Discontinued Operations, Assets Held for Sale, Impairment Charges (Tables)
6 Months Ended
Jun. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations Financial Statement Impact
The following table presents revenue, (expenses), gains, and (losses) attributable to discontinued operations:
 
 
Three months ended June 30,
 
Six months ended June 30,
 
 
2015
 
2014
 
2015
 
2014
Major line items constituting income (loss) of discontinued operations:
 
 
 
 
 
 
 
 
Total revenue
 
$
3,617

 
$
4,577

 
$
6,849

 
$
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
 

 
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:
 
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:
 
 
June 30, 2015
 
December 31, 2014
Carrying amounts of assets included as part of discontinued operations:
 
 
 
 
Accounts and unbilled receivables, net
 
$
1,715

 
$
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
 
$
6,086

 
$
6,701

 
 
 
 
 
Carrying amounts of liabilities included as part of discontinued operations:
 
 
 
 
Accounts payable and accrued expenses
 
$
546

 
$
681

Deferred revenue
 
381

 
445

Deferred rent
 
1,172

 
1,294

Liabilities related to assets held for sale
 
$
2,099

 
$
2,420