DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2015

PBM Services

Discontinued Operations

Summary of Carrying Value of Net Assets, Segment One

The operating results included in discontinued operations of the PBM Business for the years ended December 31, 2015, 2014 and 2013 are summarized as follows (in thousands):

	Year Ended December 31,
	2015			2014			2013
Revenue	$	44,375		$	61,401		$	72,986
Gross profit	$	9,763		$	17,635		$	42,819
Other operating expenses	5,444			10,878			26,797
Bad debt expense	(45		)	27			109
Income (loss) from operations	4,364			6,730			15,913
Gain on sale before income taxes	(11,424		)	—			—
Financial advisory fee and legal expenses	1,731			—			—
Other income and expenses, net	1,898			(6		)	—
Income (loss) before income taxes	12,159			6,736			15,913
Income tax expense (benefit)	206			198			1,263
Income (loss) from discontinued operations, net of income taxes	$	11,953		$	6,538		$	14,650

As of the August 27, 2015 closing date of the sale of the PBM Business, the carrying value of the net assets of the PBM Business was as follows (in thousands):

	Carrying Value
Net accounts receivable	$	7,163
Total current assets	7,163
Property and equipment, net	175
Goodwill	12,744
Total assets	20,082
Amounts due to plan sponsors	6,950
Total liabilities	6,950
Net assets	$	13,132

Home Health Services

Discontinued Operations

Summary of Carrying Value of Net Assets, Segment One

As of the March 31, 2014 closing date of the sale of the Home Health Business, the carrying value of the net assets of the Subject Companies was as follows (in thousands):

	Carrying Value
Net accounts receivable	$	12,597
Prepaid expenses and other current assets	242
Total current assets	12,839
Property and equipment, net	402
Goodwill	33,784
Intangible assets	15,400
Other non-current assets	28
Total assets	62,453
Accounts payable	673
Amounts due to plan sponsors	229
Accrued expenses and other current liabilities	3,008
Total liabilities	3,910
Net assets	$	58,543

Summary of Operating Results

The operating results included in discontinued operations of the Home Health Business for the years ended December 31, 2015, 2014 and 2013 are summarized as follows (in thousands):

	Year Ended December 31,
	2015			2014			2013
Revenue	$	—		$	18,551		$	72,737
Gross profit	$	—		$	6,918		$	28,201
Other operating expenses	417			8,219			23,464
Bad debt expense	—			902			1,338
Income (loss) from operations	(417		)	(2,203		)	3,399
Gain on sale before income taxes	—			(2,067		)	—
Financial advisor fee and legal expenses	—			2,875			—
Impairment of assets	—			452			—
Other costs and expenses	861			47			(1		)
Income (loss) before income taxes	(1,278		)	(3,510		)	3,400
Income tax expense (benefit)	—			(4,257		)	15
Income from discontinued operations, net of income taxes	$	(1,278	)	$	747		$	3,385

Pharmacy Services Asset Sale

Discontinued Operations

Summary of Operating Results

The operating results included in discontinued operations of the divested traditional and specialty pharmacy mail operations and community pharmacies for the years ended December 31, 2015, 2014 and 2013 are summarized as follows (in thousands):

	Year Ended December 31,
	2015			2014			2013
Revenue	$	—		$	—		$	(75	)
Gross profit	$	—		$	(439	)	$	(519	)
Other operating expenses	4,485			3,995			7,118
Legal fees and settlement expense	1,312			—			15,000
Other (income) expense, including gain on sale	1,157			399			(6,589		)
Income (loss) from discontinued operations, net of income taxes	$	(6,954	)	$	(4,833	)	$	(16,048	)