Discontinued Operations (Tables)

12 Months Ended

Jun. 30, 2017

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

Prior year results have been adjusted to conform with the current year presentation. For the years ended June 30, 2017 and 2016, income from discontinued operations is comprised of the following:

	Year Ended June 30,
	2017		2016
Revenue	$	27,032	$	29,142
Cost of sales		10,568		11,689
Gross margin		16,464		17,453
Operating expenses:
Sales and marketing		5,300		5,798
Research and development		3,549		3,739
General and administrative		722		819
Total operating expenses		9,571		10,356
Operating income		6,893		7,097
Gain on sale of Real-Time business, net		34,574		-
Other income, net		92		422
Income from discontinued operations before income taxes		41,559		7,519
Provision for income taxes		2,067		5,895
Income from discontinued operations	$	39,492	$	1,624

At June 30, 2016, the carrying amounts of assets and liabilities of discontinued operations in our consolidated balance sheet were as follows:

ASSETS
Current assets:
Cash and cash equivalents	$	1,470
Accounts receivable, net		6,242
Inventories		1,153
Prepaid expenses and other current assets		350
Total current assets		9,215
Property and equipment, net		483
Deferred income taxes, net		778
Other long-term assets, net		655
Total noncurrent assets		1,916
Total assets of discontinued operations	$	11,131
LIABILITIES
Current liabilities:
Accounts payable and accrued expenses	$	2,876
Deferred revenue		4,109
Total current liabilities		6,985
Long-term liabilities:
Deferred revenue		970
Other long-term liabilities		977
Total noncurrent liabilities		1,947
Total liabilities of discontinued operations	$	8,932

Schedule for Reconciliation of the Gain Before Income Taxes of Disposal Groups, Including Discontinued Operations

A reconciliation of the gain before income taxes recorded on the sale of the Real-Time business for the year ended June 30, 2017 is as follows:

	Year Ended
	June 30, 2017
Purchase price	$	35,000
Purchase price adjustments for working capital		(839)
Net book value of assets sold		950
Currency translation adjustment reclassified from accumulated other comprehensive income (loss)		2,159
Transaction costs		(2,696)
Gain on sale of Real-Time business	$	34,574

Disposal Groups, Including Discontinued Operations ,Statement of Cash Flows

Cash flow information for relating to the Real-Time business for the years ended June 30, 2017 and 2016 is as follows:

	Year Ended June 30,
	2017		2016
Operating cash flow data:
Depreciation and amortization	$	305	$	328
Share-based compensation		74		81
Provision for (recovery of) excess and obsolete inventories		(13)		48
Provision for bad debts		-		31
Foreign currency exchange gains		(27)		(308)
Investing cash flow data:
Capital expenditures		(136)		(451)

	June 30, 2016
Cash and cash equivalents per balance sheet	$	18,798
Cash and cash equivalents classified within current assets of discontinued operations		1,470
Ending cash and cash equivalents balance per statement of cash flows	$	20,268