Discontinued Operations (Tables)

9 Months Ended

Mar. 31, 2018

Content Delivery Business Segment [Member]

Disposal Groups, Including Discontinued Operations

For the three and nine months ended March 31, 2018 and 2017, income (loss) from discontinued operations related to our Content Delivery business is comprised of the following:

	Three Months Ended March 31,				Nine Months Ended March 31,
	2018		2017		2018		2017
Revenue	$	-	$	7,445	$	16,018	$	19,801
Cost of sales		-		3,377		6,342		9,011
Gross margin		-		4,068		9,676		10,790
Operating expenses:
Sales and marketing		-		2,569		4,235		8,292
Research and development		-		2,033		3,290		6,137
General and administrative		-		620		951		1,983
Total operating expenses		-		5,222		8,476		16,412
Operating income (loss)		-		(1,154)		1,200		(5,622)
(Loss) gain on sale of Content Delivery business, net		(55)		-		22,554		-
Other income (expense), net		-		4		(143)		209
(Loss) income from discontinued operations before income taxes		(55)		(1,150)		23,611		(5,413)
Provision (benefit) for income taxes		190		50		760		(18)
(Loss) income from discontinued operations	$	(245)	$	(1,200)	$	22,851	$	(5,395)

At June 30, 2017, the carrying amounts of assets and liabilities of discontinued operations in our consolidated balance sheet were as follows:

ASSETS
Current assets:
Cash	$	419
Accounts receivable, net		6,886
Inventories		1,865
Prepaid expenses and other current assets		495
Total current assets		9,665
Property and equipment, net		1,724
Other long-term assets, net		598
Total noncurrent assets		2,322
Total assets of discontinued operations	$	11,987
LIABILITIES
Current liabilities:
Accounts payable and accrued expenses	$	3,643
Deferred revenue		1,454
Total current liabilities		5,097
Long-term liabilities:
Deferred revenue		66
Other long-term liabilities		206
Total noncurrent liabilities		272
Total liabilities of discontinued operations	$	5,369

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 Content Delivery business is as follows:

	Nine Months Ended March 31, 2018
Closing consideration	$	29,000
Adjustment for working capital		812
Net book value of assets sold		(5,274)
Other adjustments		(184)
Transaction costs		(1,800)
Gain on sale of Content Delivery business	$	22,554

Disposal Groups, Including Discontinued Operations ,Statement of Cash Flows

Cash flow information relating to the Content Delivery business for the nine months ended March 31, 2018 and 2017 is as follows: 

	Nine Months Ended March 31,
	2018		2017
Operating cash flow data:
Depreciation and amortization	$	605	$	1,093
Share-based compensation		170		111
Provision for (recovery of) excess and obsolete inventories		(23)		208
Foreign currency exchange gains		144		109
Investing cash flow data:
Capital expenditures		(275)		(522)

A reconciliation of our cash and cash equivalents as of June 30, 2017 is as follows:

	June 30, 2017
Cash and cash equivalents per balance sheet	$	35,474
Cash and cash equivalents classified within current assets of discontinued operations		419
Beginning cash and cash equivalents balance per statement of cash flows	$	35,893

Real time Business Segment [Member]

Disposal Groups, Including Discontinued Operations

For the three and nine months ended March 31, 2017, income from discontinued operations for our Real-Time business is comprised of the following:

	Three Months Ended March 31,		Nine Months Ended March 31,
	2017		2017
Revenue	$	7,536	$	23,843
Cost of sales		3,099		9,494
Gross margin		4,437		14,349
Operating expenses:
Sales and marketing		1,436		4,503
Research and development		1,024		3,043
General and administrative		204		589
Total operating expenses		2,664		8,135
Operating income		1,773		6,214
Other income, net		36		18
Income from discontinued operations before income taxes		1,809		6,232
Provision for income taxes		82		360
Income from discontinued operations	$	1,727	$	5,872

Disposal Groups, Including Discontinued Operations ,Statement of Cash Flows

ash flow information relating to the Real-Time business for the nine months ended March 31, 2017 is as follows:

	Nine Months Ended March 31, 2017
Operating cash flow data:
Depreciation and amortization	$	248
Share-based compensation		72
Provision for (recovery of) excess and obsolete inventories		(18)
Provision for bad debts		-
Foreign currency exchange gains		(22)
Investing cash flow data:
Capital expenditures		(197)