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Discontinued Operations
6 Months Ended
Jun. 30, 2013
Discontinued Operations  
Discontinued Operations

Note M — Discontinued Operations

 

We sold the assets of our Florida Shoppers operations to Coda Media Corp. on December 31, 2012.  Because the Florida Shoppers represent a distinct business unit with operations and cash flows that can clearly be distinguished, both operationally and for financial purposes, from the rest of Harte-Hanks, Inc., the results of the Florida Shoppers operations have been reported as discontinued operations for all periods presented.  Results of the remaining Harte-Hanks, Inc. business segments are reported as continuing operations.

 

Summarized operating results for the Florida Shoppers discontinued operations are as follows:

 

 

 

Three Months Ended June 30,

 

In thousands

 

2013

 

2012

 

Revenues

 

$

0

 

$

9,508

 

 

 

 

 

 

 

Loss from discontinued operations before income taxes

 

0

 

(9,262

)

Income tax benefit

 

0

 

(4,195

)

Loss from discontinued operations

 

$

0

 

$

(5,067

)

 

 

 

Six Months Ended June 30,

 

In thousands

 

2013

 

2012

 

Revenues

 

$

0

 

$

18,638

 

 

 

 

 

 

 

Loss from discontinued operations before income taxes

 

0

 

(10,307

)

Income tax benefit

 

0

 

(4,598

)

Loss from discontinued operations

 

$

0

 

$

(5,709

)

 

The major components of cash flows for the Florida Shoppers discontinued operations are as follows;

 

 

 

Three Months Ended June 30,

 

In thousands

 

2013

 

2012

 

Loss from discontinued operations

 

$

0

 

$

(5,067

)

Impairment of Intangible Assets

 

0

 

8,400

 

Depreciation and software amortization

 

0

 

145

 

Intangible asset amortization

 

0

 

143

 

Other, net

 

0

 

1

 

Net cash provided by discontinued operations

 

$

0

 

$

3,622

 

 

 

 

Six Months Ended June 30,

 

In thousands

 

2013

 

2012

 

Loss from discontinued operations

 

$

0

 

$

(5,709

)

Impairment of Intangible Assets

 

0

 

8,400

 

Depreciation and software amortization

 

0

 

337

 

Intangible asset amortization

 

0

 

286

 

Other, net

 

0

 

550

 

Net cash provided by discontinued operations

 

$

0

 

$

3,864