Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2020 and 2019:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Net revenue	$	104,417	$	107,495	$	226,759	$	218,043
Cost of goods sold	21,817		25,585		53,923		54,330
Gross margin	82,600		81,910		172,836		163,713
Distribution, selling, and administrative expenses	76,560		80,954		157,512		163,997
Loss on divestiture	56,392		—		65,472		—
Acquisition-related and exit and realignment charges	4,554		265		4,825		391
Other operating expense (income), net	73		(285)		(388)		(472)
Operating income (loss)	(54,979)		976		(54,585)		(203)
Interest expense, net	1,424		1,635		3,144		3,275
Loss from discontinued operations before income taxes	(56,403)		(659)		(57,729)		(3,478)
Income tax (benefit) provision from discontinued operations	(615)		83		474		441
Loss from discontinued operations, net of tax	$	(55,788)	$	(742)	$	(58,203)	$	(3,919)

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 and six months ended June 30, 2020.

All revenue and expense included in discontinued operations during the three and six months ended June 30, 2020 relates to activity through the Divestiture Date. No revenue or expense have been recorded in discontinued operations related to the disposal group subsequent to the Divestiture Date.

We have entered into transition services agreements with a subsidiary of the Buyer, pursuant to which we and a subsidiary of the Buyer will provide to each other various transitional services. Certain transition service arrangement costs and reimbursements were recorded during the three and six months ended June 30, 2020. These amounts were immaterial for the period ended June 30, 2020.

        The assets and liabilities of the discontinued Movianto business reflected on the consolidated balance sheet at December 31, 2019 were as follows:

	December 31, 2019
Assets of discontinued operations
Cash and cash equivalents	$	1,396
Accounts receivable, net	78,643
Merchandise inventories	16,058
Other current assets	188,853
Current assets of discontinued operations	284,950
Property and equipment, net	65,710
Intangible assets, net	6,579
Other assets, net	27,431
Operating lease assets	87,425
Valuation allowance on disposal group classified as held-for-sale	(32,112)
Total assets of discontinued operations	$	439,983
Liabilities of discontinued operations
Accounts payable	$	53,981
Other current liabilities	182,980
Current liabilities of discontinued operations	236,961
Long-term debt, excluding current portion	5,523
Operating lease liabilities, excluding current portion	76,270
Other liabilities	4,757
Total liabilities of discontinued operations	$	323,511

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

	June 30, 2020		June 30, 2019
Operating Activities:
Depreciation and amortization	$	—	$	10,834
Loss on divestiture	65,472		—
Investing Activities:
Capital expenditures	3,027		14,211