Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v2.4.0.8
Discontinued Operations (Tables)
6 Months Ended
Jun. 30, 2014
Discontinued Operations [Abstract]  
Income Statement Balance Sheet of Discontinued Operations

The carrying amounts of the assets and liabilities of Gregory, which were classified as held for sale in our June 30, 2014 condensed consolidated balance sheet were as follows:

 

 

 

 

 

 

 

 

June 30, 2014

 

 

 

 

Accounts receivable

 

$

7,340 

Inventories

 

 

7,324 

Prepaid and other current assets

 

 

167 

Property and equipment, net

 

 

179 

Definite lived intangible assets, net

 

 

4,283 

Indefinite lived intangible assets

 

 

13,050 

Goodwill

 

 

11,955 

Assets held for sale

 

$

44,298 

 

 

 

 

Accounts payable and accrued liabilities

 

$

3,373 

Liabilities held for sale

 

$

3,373 

 

 

Summarized results of discontinued operations are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30, 2014

 

June 30, 2013

 

June 30, 2014

 

June 30, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales

 

$

8,502 

 

 

9,693 

 

 

18,609 

 

 

20,076 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income tax

 

 

622 

 

 

2,896 

 

 

2,442 

 

 

5,257 

Income tax expense

 

 

1,162 

 

 

983 

 

 

907 

 

 

2,525 

(Loss) income from discontinued operations, net of tax

 

$

(540)

 

$

1,913 

 

$

1,535 

 

$

2,732