Annual report pursuant to Section 13 and 15(d)

Discontinued Operations (Tables)

v3.3.1.900
Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2015
Discontinued Operations [Abstract]  
Summarized Discontinued Operations of Balance Sheet

 

 

 

 

 

 

December 31, 2014

 

 

 

 

Cash

 

$

 1,246 

Accounts receivable

 

 

 10,980 

Inventories

 

 

 7,692 

Prepaid and other current assets

 

 

 837 

Income tax receivable

 

 

 10 

Deferred income taxes

 

 

 483 

Total current assets held for sale

 

 

 21,248 

 

 

 

 

Property and equipment, net

 

 

 1,525 

Other intangible assets, net

 

 

 12,354 

Indefinite lived intangible assets

 

 

 12,607 

Goodwill

 

 

 12,355 

Other long-term assets

 

 

 89 

Total assets held for sale

 

$

 60,178 

 

 

 

 

Accounts payable and accrued liabilities

 

$

 3,967 

Current portion of long-term debt

 

 

 3,875 

Total current liabilities held for sale

 

 

 7,842 

 

 

 

 

Long-term debt

 

 

 3 

Deferred income taxes

 

 

 5,103 

Total liabilities held for sale

 

$

 12,948 

 

Summarized Discontinued Operations of Income Statement

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

2015

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

Sales

 

$

 26,179 

 

$

 55,521 

 

$

 61,916 

Cost of goods sold

 

 

 (13,124)

 

 

 (29,247)

 

 

 (31,765)

Selling, general and administrative

 

 

 (11,081)

 

 

 (21,293)

 

 

 (20,608)

Restructuring charge

 

 

 -

 

 

 -

 

 

 (175)

Merger and integration

 

 

 -

 

 

 -

 

 

 (381)

Transaction costs

 

 

 -

 

 

 -

 

 

 (12)

Interest expense, net

 

 

 (66)

 

 

 (757)

 

 

 (1,203)

Other, net

 

 

 281 

 

 

 608 

 

 

 160 

 

 

 

 

 

 

 

 

 

 

Income from operations of discontinued operations

 

 

 2,189 

 

 

 4,832 

 

 

 7,932 

Gain on sale of discontinued operations

 

 

 8,436 

 

 

 39,491 

 

 

 -

 

 

 

 

 

 

 

 

 

 

Income before taxes

 

 

 10,625 

 

 

 44,323 

 

 

 7,932 

Income tax expense

 

 

 61 

 

 

 20,698 

 

 

 3,127 

Income from discontinued operations, net of tax

 

$

 10,564 

 

$

 23,625 

 

$

 4,805 

 

 

 

 

 

 

 

 

 

 

 

Summarized Discontinued Operations of Cash Flows

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

2015

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

Depreciation of property and equipment

 

 

 423 

 

 

 571 

 

 

 700 

Amortization of intangible assets

 

 

 866 

 

 

 1,792 

 

 

 2,174 

Stock-based compensation

 

 

 (645)

 

 

 418 

 

 

 551 

Purchase of property and equipment

 

 

 (671)

 

 

 (1,095)

 

 

 (658)