Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2017

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table presents the financial results of discontinued operations (in thousands):

	Quarter ended June 30,						Six months ended June 30,
	2017			2016			2017			2016 (1)
Operating revenues	$	272,746		$	334,807		$	592,147		$	659,280
Cost of revenue and SG&A expenses	206,350			234,737			461,984			480,556
Depreciation	9,700			8,149			19,570			15,531
Amortization	16,670			22,476			40,300			44,773
Asset impairment and facility consolidation charges	344,772			—			344,772			—
Total operating expenses	577,492			265,362			866,626			540,860
Total operating (loss) income	(304,746		)	69,445			(274,479		)	118,420
Non-operating income (expense)	211			(1,490		)	(1,726		)	(5,685		)
(Loss) income from discontinued operations, before income taxes	(304,535		)	67,955			(276,205		)	112,735
Provision for income taxes	62,836			(20,568		)	53,747			(37,292		)
Net (loss) income from discontinued operations	$	(241,699	)	$	47,387		$	(222,458	)	$	75,443
(1) The six months ended June 30, 2016 include approximately $7.5 million of net loss from discontinued operations related to our operations of our former Sightline business through the date of sale on March 18, 2016.

As such, major categories of discontinued operation cash flows for the six months ended June 30, 2017 and 2016 are presented below (in thousands):

	Six months ended June 30,
	2017		2016
Depreciation	$	19,570	$	15,531
Amortization	40,300		44,773
Capital expenditures	34,482		23,138
Payments for acquisitions, net of cash acquired	$	—	$	53,552

The carrying value of the assets and liabilities of our former Digital Segment’s discontinued operations as of June 30, 2017 and December 31, 2016 were as follows (in thousands):

	June 30,		Dec. 31,
	2017		2016
ASSETS
Cash and cash equivalents	$	78,762	$	61,042
Accounts receivable, net	95,500		214,170
Property and equipment, net	57,440		74,695
Goodwill	358,645		1,488,112
Other Intangibles, net	104,315		1,718,592
Other assets	55,063		71,193
Total assets	$	749,725	$	3,627,804
LIABILITIES
Accounts payable	$	99,679	$	166,853
Deferred revenue	103,730		110,071
Deferred tax liability	2,731		280,264
Other liabilities	13,203		66,969
Total liabilities	$	219,343	$	624,157