Discontinued Operations

3 Months Ended

Jun. 30, 2012

Discontinued Operations [Abstract]

Discontinued Operations

3. Discontinued Operations

Sale of Assets and Operations of TSG – Fiscal 2012

In May 2011, we sold our TSG business for an aggregate purchase price of $64.0 million in cash, subject to a possible downward adjustment based on final working capital, to OnX Enterprise Solutions Limited and its subsidiary OnX Acquisition LLC (together, “OnX”), a leading IT solutions provider based in Toronto, Canada. In addition to the purchase agreement, we entered into a transition services agreement (“TSA”) with OnX, under which we provided certain transitional administrative and supportive services to OnX through January 31, 2012. In July 2011, our shareholders approved the sale and the transaction closed on August 1, 2011, the date on which certain other contingencies specified in the sale agreement were satisfied. The sale of TSG represented a disposal of a component of an entity. As such, the operating results of TSG have been reported as a component of discontinued operations in the Condensed Consolidated Statements of Operations for the periods presented.

Components of Results of Discontinued Operations

For the three months ended June 30, 2012 and 2011 the income from discontinued operations was comprised of the following:

(In thousands)	2012		2011
Discontinued operations:
Net revenue	$	—	$	97,757
Income from operations of TSG	$	—	$	1,361
Income tax expense		—		710
Income from discontinued operations	$	—	$	651