Discontinued Operations and Held For Sale (Tables)

9 Months Ended

Sep. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Discontinued operations held for sale

Assets and liabilities held for sale were reflected separately in our condensed consolidated balance sheets and were comprised of the following as of September 30, 2018 and December 31, 2017 (in thousands):

	September 30, 2018		December 31, 2017
Assets
Current assets:
Cash	$	—	$	29,259
Accounts receivable, net	—		12,042
Inventories (raw materials)	—		2,913
Prepaid and other current assets	—		1,294
Total current assets held for sale	$	—	$	45,508
Property, plant and equipment, net	$	—	$	18,092
Intangible assets, net	—		328,991
Goodwill	—		216,971
Other long-term assets	—		496
Restricted cash	—		161
Total long-term assets held for sale	$	—	$	564,711
Liabilities
Current liabilities:
Accounts payable	$	—	$	2,618
Accrued expenses	—		8,758
Deferred revenues, short term	—		42,494
Total current liabilities held for sale	$	—	$	53,870
Deferred revenues, long-term	—		24,387
Deferred tax liabilities	—		71,046
Other long-term liabilities	—		388
Total long-term liabilities held for sale	$	—	$	95,821

The results of operations of the CBR business were classified as discontinued operations for all periods presented in our condensed consolidated financial statements. The following is a summary of net income from discontinued operations for the three and nine months ended September 30, 2018 and 2017:    

	Three Months Ended September 30,					Nine Months Ended September 30,
	2018			2017		2018		2017
Service revenues, net	$	12,163		$	29,410	$	71,217	$	84,365
Costs and expenses:
Cost of services	1,576			5,559		12,559		16,130
Selling, general and administrative expenses	4,749			19,345		39,899		63,237
Total costs and expenses	6,325			24,904		52,458		79,367
Operating income	5,838			4,506		18,759		4,998
Other income	—			—		114		—
Income from discontinued operations	5,838			4,506		18,873		4,998
Gain on sale of CBR business	89,581			—		89,581		—
Income tax (benefit) expense	(98		)	854		3,346		1,796
Net income from discontinued operations	$	95,517		$	3,652	$	105,108	$	3,202

The cash flows related to discontinued operations have not been segregated and are included in the Consolidated Statements of Cash Flows. For the nine months ended September 30, 2018 and 2017, capital expenditures related to the CBR business were $1.6 million and $3.0 million, respectively. Depreciation and amortization expense related to the CBR business for the same periods was $8.4 million and $17.1 million, respectively. Excluding the gain of $89.6 million recognized on the sale of the CBR business and the related transaction expenses of $14.1 million presented in the Consolidated Statements of Cash Flows for the nine months ended September 30, 2018, there were no other significant operating or investing non-cash items related to the CBR business for either period presented.