XML 61 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
DISCONTINUED OPERATIONS
 9 Months Ended
Sep. 30, 2014
DISCONTINUED OPERATIONS [Abstract]  
DISCONTINUED OPERATIONS
NOTE 7.
DISCONTINUED OPERATIONS

In connection with the Bresnan Sale and Clearview Sale discussed above, the operating results of Bresnan Cable (previously included in the Company's Cable segment) and Clearview Cinemas (previously included in the Company's Other segment) have been reflected in the Company's condensed consolidated financial statements as discontinued operations for all periods presented.

Operating results of discontinued operations for the three and nine months ended September 30, 2014 and 2013 are summarized below:

Three Months Ended September 30, 2014:
  
  
Clearview Cinemas
 
   
Revenues, net
 
$
-
 
     
Loss before income taxes
 
$
(137
)
Income tax benefit
  
58
 
     
Loss from discontinued operations, net of income taxes
 
$
(79
)

  
Nine Months Ended September 30, 2014
 
  
Bresnan
Cable(a)
  
Clearview Cinemas
  
Total
 
       
Revenues, net
 
$
-
  
$
-
  
$
-
 
             
Income (loss) before income taxes
 
$
5,932
  
$
(614
)
 
$
5,318
 
Income tax benefit (expense)
  
(2,574
)
  
253
   
(2,321
)
             
Income (loss) from discontinued operations, net of income taxes
 
$
3,358
  
$
(361
)
 
$
2,997
 

  
Three Months Ended September 30, 2013
 
  
Bresnan Cable(b)
  
Clearview Cinemas
  
Total
 
       
Revenues, net
 
$
-
  
$
-
  
$
-
 
             
Income (loss) before income taxes
 
$
411,867
  
$
(1,452
)
 
$
410,415
 
Income tax benefit (expense)
  
(175,703
)
  
574
   
(175,129
)
Income (loss) from discontinued operations, net of income taxes - Cablevision
  
236,164
   
(878
)
  
235,286
 
Income tax expense recognized at Cablevision, not applicable to CSC Holdings
  
396
   
-
   
396
 
Income (loss) from discontinued operations, net of income taxes - CSC Holdings
 
$
236,560
  
$
(878
)
 
$
235,682
 

  
Nine Months Ended September 30, 2013
 
  
Bresnan Cable(b)
  
Clearview Cinemas(c)(e)
  
Litigation Settlement(d)
  
Total
 
         
Revenues, net
 
$
262,323
  
$
27,307
  
$
-
  
$
289,630
 
                 
Income (loss) before income taxes
 
$
441,917
  
$
(40,543
)
 
$
173,687
  
$
575,061
 
Income tax benefit (expense)
  
(188,038
)
  
16,545
   
(70,052
)
  
(241,545
)
Income (loss) from discontinued operations, net of income taxes - Cablevision
  
253,879
   
(23,998
)
  
103,635
   
333,516
 
Income tax expense (benefit) recognized at Cablevision, not applicable to CSC Holdings
  
396
   
-
   
(1,003
)
  
(607
)
Income (loss) from discontinued operations, net of income taxes - CSC Holdings
 
$
254,275
  
$
(23,998
)
 
$
102,632
  
$
332,909
 
 
(a)Represents primarily a gain recognized upon the settlement of a contingency related to Montana property taxes.
(b)Includes the pretax gain recognized in connection with the Bresnan Sale of approximately $410,000.
(c)Includes the pretax loss recognized in connection with the Clearview Sale of approximately $18,900.
(d)Represents primarily the proceeds from the final allocation of the DISH Network, LLC litigation settlement.
(e)As a result of the Company's annual impairment test in the first quarter of 2013, the Company recorded an impairment charge of $10,347, relating to goodwill of the Company's Clearview business which reduced the carrying value to zero.  The Company determined the fair value of the Clearview business, which was a single reporting unit, assuming highest and best use, based on either an income or market approach on a theater by theater basis.