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Discontinued Operations
 6 Months Ended
Jun. 30, 2017
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations
On November 17, 2016, the Company closed on an agreement with YFC-Boneagle Electric Co., Ltd ("YFC"), under which YFC acquired the E-Commerce business for $40.5 million, which included a working capital adjustment. Of this amount, $39.5 million was received in the fourth quarter of 2016 and $1.0 million was received in the second quarter of 2017--both amounts were included in investing activities from discontinued operations in the consolidated statements of cash flows. The Company used all of the proceeds to pay down debt and recognized a loss on sale of the E-Commerce business of approximately $52.2 million in the fourth quarter of 2016.
On August 9, 2016, the Company closed on an agreement with OpenMail LLC ("OpenMail"), under which OpenMail acquired substantially all of the assets and assumed certain specified liabilities of the Search and Content business for $45.2 million, which included a working capital adjustment, and was included in investing activities from discontinued operations in the consolidated statements of cash flows. The Company used all of the proceeds to pay down debt and recognized a loss on sale of the Search and Content business of approximately $21.6 million in the third quarter of 2016.
Summarized financial information for discontinued operations is as follows (in thousands):
 
Three months ended June 30,
 
Six months ended June 30,
 
2017
 
2016
 
2017
 
2016
Major classes of items in net income (loss):
 
 
 
 
 
 
 
Revenues
$
—

 
$
76,057

 
$
—

 
$
155,387

Operating expenses
—

 
(66,891
)
 
—

 
(141,922
)
Other loss, net
—

 
(197
)
 
—

 
(429
)
Income from discontinued operations before income taxes
—

 
8,969

 
—

 
13,036

Loss on sale of discontinued operations before income taxes
—

 
(38,525
)
 
—

 
(38,525
)
Discontinued operations, before income taxes
—

 
(29,556
)
 
—

 
(25,489
)
Income tax benefit
—

 
9,581

 
—

 
8,036

Discontinued operations, net of income taxes
$
—

 
$
(19,975
)
 
$
—

 
$
(17,453
)