Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Schedule of discontinued operations

The assets and liabilities held for sale at September 30, 2016 and December 31, 2015 were are follows:

	September 30,		December 31,
In thousands	2016		2015
ASSETS
Current assets
Cash and cash equivalents	$	1,333	$	1,049
Accounts receivable, net	9,517		11,397
Prepaid expenses	1,883		1,640
Property, plant and equipment, net	6,564		5,777
Goodwill	149,273		149,273
Other current assets	452		265
Total current assets held for sale	$	169,022	$	169,401
LIABILITIES
Current liabilities
Accounts payable	$	1,460	$	1,774
Accrued payroll and related expenses	779		924
Deferred revenue and customer advances	19,658		21,186
Other current liabilities	949		978
Total current liabilities held for sale	$	22,846	$	24,862

The financial results of discontinued operations for the three and nine months ended September 30, 2016 and 2015 were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
In thousands	2016		2015		2016		2015
Revenue	$	11,683	$	13,184	$	35,554	$	38,212
Labor	4,413		5,678		14,916		16,194
Production and distribution	171		477		583		1,061
Advertising, selling, general and administrative	2,535		2,398		8,299		7,123
Depreciation and software amortization	576		428		1,677		1,341
Interest expense, net	1,784		—		3,870		—
Other, net	587		1,616		765		2,454
Income from discontinued operations before income taxes	1,617		2,587		5,444		10,039
Income tax expense	373		645		1,464		3,561
Net income from discontinued operations	$	1,244	$	1,942	$	3,980	$	6,478