DISCONTINUED OPERATIONS

3 Months Ended

Mar. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS

In March 2016, we halted testing services in our Patient Testing laboratory in New Haven, Connecticut. As a result of this action, as of December 31, 2015, our Patient Testing business met the criteria to be reported as discontinued operations. The related assets, liabilities, results of operations and cash flows for the Patient Testing business are classified as assets held for sale, liabilities held for sale and discontinued operations for all periods presented.

Results of the discontinued operations consisted of the following:

	Three months ended March 31,
(Dollars in thousands)	2017			2016
Net sales	$	68		$	1,103
Cost of goods sold	15			1,183
Gross profit (loss)	53			(80		)
Selling, general and administrative expense	(65		)	1,025
Research and development expense	—			68
Operating income (loss) from discontinued operations	118			(1,173		)
Loss on settlement of liability	(45		)	—
Income (loss) from discontinued operations before income taxes	73			(1,173		)
Income tax expense	—			—
Income (loss) from discontinued operations, net of taxes	$	73		$	(1,173	)

At March 31, 2017 and December 31, 2016, the Company had assets of the discontinued operations of less than $0.1 million which were classified as assets held for sale in the condensed consolidated balance sheets.