Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2018

Discontinued Operations and Disposal Groups [Abstract]

Summary information of disposal classified as held for sale

The Company derecognized the following upon the Big Fish Transaction:

(in millions)
Cash and cash equivalents	$	0.3
Accounts receivable	34.7
Game software development, net	6.7
Other current assets	17.0
Property and equipment, net	17.8
Game software development, net	13.8
Goodwill	530.7
Other intangible assets, net	238.4
Other assets	24.0
Accounts payable	(8.5		)
Accrued expense	(22.6		)
Deferred revenue	(44.2		)
Deferred income taxes	(52.0		)
Other liabilities	(4.9		)
Carrying value of Big Fish Games	$	751.2

The following table presents the financial results of Big Fish Games included in "Income from discontinued operations, net of tax" in the accompanying consolidated statements of comprehensive income:

	Years Ended December 31,
(in millions)	2018			2017			2016
Net revenue	$	13.2		$	466.0		$	486.2
Operating expenses	8.4			369.0			398.9
Selling, general and administrative expense	6.0			27.8			20.9
Research and development	0.9			39.6			39.0
Transaction expense, net	—			4.7			5.8
Total operating expense	15.3			441.1			464.6
Operating (loss) income	(2.1		)	24.9			21.6
Other income (expense)
Gain on sale of Big Fish Games	219.5			—			—
Other expense	0.1			(1.7		)	(0.9		)
Total other income (loss)	219.6			(1.7		)	(0.9		)
Income from discontinued operations before provision for income taxes	217.5			23.2			20.7
Income tax provision	(47.3		)	(5.1		)	(9.3		)
Income from discontinued operations, net of tax	$	170.2		$	18.1		$	11.4

The following table presents the major classes of assets and liabilities presented as held for sale related to the Big Fish Transaction as of December 31, 2017:

(in millions)	December 31, 2017
ASSETS
Current assets:
Cash and cash equivalents	$	2.6
Accounts receivable	42.9
Game software development, net	6.9
Other current assets	16.7
Current assets of discontinued operations held for sale	69.1
Property and equipment, net	16.4
Game software development, net	13.5
Goodwill	530.7
Other intangible assets, net	238.8
Other assets	24.0
Long-term assets of discontinued operations held for sale	823.4
Total assets	$	892.5
LIABILITIES
Current liabilities:
Accounts payable	$	5.5
Accrued expense	35.0
Deferred revenue	85.1
Big Fish Games deferred payment	28.4
Big Fish Games earnout liability	34.2
Current liabilities of discontinued operations held for sale	188.2
Deferred income taxes	47.6
Other liabilities	7.2
Non-current liabilities of discontinued operations held for sale	54.8
Total liabilities	$	243.0

Fair value of liabilities measured on recurring basis

The following tables present our liabilities measured at fair value on a recurring basis related to our discontinued operations and liabilities held for sale:

	Level 3
(in millions)	December 31, 2017
Big Fish Games deferred payments	$	28.4
Big Fish Games earnout liability	34.2
Total	$	62.6

Fair value of liabilities measured on recurring basis, unobservable input reconciliation

The following table presents the change in fair value of our instruments classified within Level 3 related to our discontinued operations and liabilities held for sale:

	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
(in millions)	Big Fish Games Deferred Payments			Big Fish Games Earnout Liability			Total
Balance as of December 31, 2017	$	28.4		$	34.2		$	62.6
Payments	(28.4		)	(34.2		)	(62.6		)
Balance as of December 31, 2018	$	—		$	—		$	—