Discontinued Operations

12 Months Ended

Dec. 31, 2014

Discontinued Operations [Abstract]

Discontinued Operations

3. Discontinued Operations

As a result of the Sale (see Note 1), we reflected SS/L’s operations and gain on Sale as discontinued operations in our consolidated financial statements for the year ended December 31, 2012.

For the year ended December 31, 2014, loss from discontinued operations of $24.4 million, net of income tax benefit of $14.5 million, primarily comprises an increase to our indemnification liability of $38.8 million pursuant to the ViaSat Suit Settlement Agreement and the Allocation Agreement (see Note 15).

The following is a summary of SS/L’s financial information included in income from discontinued operations for the year ended December 31, 2012 (in thousands):

	Year Ended December 31, 2012 (1)
Revenues	$	940,347
Operating income	$	3,441
Income before income taxes	$	22,167
Income tax provision		(10,157)
Net income		12,010
Gain on Sale		576,090
Income tax provision on Sale		(267,451)
Gain on Sale, net of tax		308,639
Income from discontinued operations, net of tax	$	320,649

(1)Reference to the year ended December 31, 2012 in the table above is for the period January 1, 2012 to November 2, 2012, the date of the Sale.