Discontinued Operations

6 Months Ended

Jun. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

In connection with the acquisition of Chellomedia (see Note 2), management committed to a plan to dispose of the operations of Chellomedia's advertising sales unit, Atmedia. Accordingly, the assets and liabilities of Atmedia are classified as held for sale in the condensed consolidated balance sheet as of June 30, 2014 and the operating results have been classified as discontinued operations in the condensed consolidated statement of income from the acquisition date, January 31, 2014 to June 30, 2014.

Assets and liabilities of discontinued operations are summarized below:

Accounts receivable, trade	$	15,085
Prepaid expenses and other current assets	1,735
Property and equipment, net of accumulated depreciation	1,808
Deferred taxes	81
Assets held for sale	$	18,709
Accounts payable	$	12,653
Accrued liabilities	4,676
Deferred revenue	90
Deferred tax liability, net	77
Other liabilities	136
Liabilities held for sale	$	17,632

The operating results of discontinued operations from the acquisition date, January 31, 2014 to June 30, 2014 are summarized below:

	Three Months Ended June 30, 2014			Five Months Ended June 30, 2014
Revenues, net	$	11,533		$	18,171
Loss before income taxes	(806		)	(1,690		)
Income tax expense	(926		)	(792		)
Loss from discontinued operations	$	(1,732	)	$	(2,482	)