Assets Held for Sale

9 Months Ended

Sep. 30, 2019

Discontinued Operations and Disposal Groups [Abstract]

Assets Held for Sale

Asset Held for Sale

During the second quarter of 2019, ParTech entered into an asset purchase agreement to sell substantially all assets relating to the SureCheck product group within the Company's Restaurant/Retail segment. The sale does not qualify for treatment as a discontinued operation, and therefore, the SureCheck product group is included in the Company’s continuing operations for all periods presented. During the nine months ended September 30, 2019, the Company recorded $1,576,000 of expenses related to the sale of the SureCheck product group, this represents $798,000 related to inventory reserve and $778,000 in costs of service related to impairment of intangible assets for the SureCheck product group. For the three months ended September 30, 2019, the Company made adjustments of $207,000 related to the sale, this represents $217,000 related to additional inventory reserve and ($10,000) in costs of service adjustments related to impairment of intangible assets. The Company classified the net book value of the SureCheck product group as asset held for sale as of September 30, 2019, as presented in the following table:

(in thousands)	September 30, 2019
Accounts receivable - net	$	282
Intangible assets	2,118
Inventories - net	950
Total assets	$	3,350
Deferred revenue	$	393
Other liabilities	118
Total liabilities	$	511

The SureCheck product group assets were sold on October 30, 2019 (see Note 16, Subsequent Events).