Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The following table summarizes the financial results of our discontinued operations for the three months ended March 31, 2020 and 2019:

	Three Months Ended March 31,
	2020			2019
Net revenue	$	122,342		$	110,548
Cost of goods sold	32,106			28,745
Gross margin	90,236			81,803
Distribution, selling, and administrative expenses	80,953			83,044
Asset impairment charges	9,080			—
Acquisition-related and exit and realignment charges	271			126
Other operating income, net	(461		)	(186		)
Operating income (loss)	393			(1,181		)
Interest expense, net	1,720			1,640
Loss from discontinued operations before income taxes	(1,327		)	(2,821		)
Income tax provision from discontinued operations	1,088			357
Loss from discontinued operations, net of tax	$	(2,415	)	$	(3,178	)

We suspended depreciation and amortization on assets that are held for sale, including right-of-use assets recorded in accordance with ASU No. 2016-02, for the three months ended March 31, 2020.

The assets and liabilities of the discontinued Movianto business reflected on the consolidated balance sheets at March 31, 2020 and December 31, 2019, are as follows:

	March 31, 2020			December 31, 2019
Assets of discontinued operations
Cash and cash equivalents	$	32,363		$	1,396
Accounts receivable, net	78,193			78,643
Merchandise inventories	12,979			16,058
Other current assets	227,070			188,853
Current assets of discontinued operations	350,605			284,950
Property and equipment, net	70,730			70,976
Intangible assets, net	7,010			6,579
Other assets, net	27,248			22,165
Operating lease assets	84,202			87,425
Valuation allowance on disposal group classified as held for sale	(40,385		)	(32,112		)
Total assets of discontinued operations	$	499,410		$	439,983
Liabilities of discontinued operations
Accounts payable	$	68,058		$	53,981
Other current liabilities	191,728			182,980
Current liabilities of discontinued operations	259,786			236,961
Long-term debt, excluding current portion	2,781			5,523
Operating lease liabilities, excluding current portion	69,820			76,270
Other liabilities	51,199			4,757
Total liabilities of discontinued operations	$	383,586		$	323,511

The following table provides operating and investing cash flow information for our discontinued operations:

	March 31, 2020		March 31, 2019
Operating Activities:
Depreciation and amortization	$	—	$	5,613
Asset impairment charges	9,080		—
Investing Activities:
Capital expenditures	1,664		8,035