XML 59 R23.htm IDEA: XBRL DOCUMENT v3.3.0.814
Discontinued Operations and Dispositions (Tables)
9 Months Ended
Sep. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Discontinued Operations
The following table summarizes the results of our discontinued operations (in thousands):
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
Revenue
$
1,038

 
$
85,978

 
$
24,292

 
$
260,652

Cost of revenue
5,254

 
26,921

 
19,279

 
94,472

Selling, general and administrative(1)
(42,046
)
 
61,032

 
(20,538
)
 
236,466

Operating income (loss)
37,830

 
(1,975
)
 
25,551

 
(70,286
)
Other income (expense):
 

 
 

 
 

 
 

Interest expense, net

 
(2,559
)
 

 
(5,917
)
Gain on sale of businesses(2)
30,709

 

 
294,276

 

Other, net
(321
)
 
(952
)
 
2,178

 
(445
)
Total other income (expense), net
30,388

 
(3,511
)
 
296,454

 
(6,362
)
Income (loss) from discontinuing operations
before income taxes
68,218

 
(5,486
)
 
322,005

 
(76,648
)
Provision (benefit) for income taxes
14,326

 
(1,540
)
 
108,506

 
(31,996
)
Net income (loss) from discontinued operations
$
53,892

 
$
(3,946
)
 
$
213,499

 
$
(44,652
)
______________________________________
(1)
In September 2015, we recognized a gain of $40 million as a result of the favorable final ruling from the Supreme Court of Hawaii and receipt of a cash refund related to our litigation of hotel occupancy taxes. See Note 11, Contingencies, for additional information.
(2)
Includes $31 million of reclassified cumulative translation gains associated with our lastminute.com subsidiaries. See below "Divestiture of lastminute.com—Cumulative Translation Adjustments" for additional information.