Equity Method Investments

12 Months Ended

Dec. 31, 2015

Equity Method Investments And Joint Ventures [Abstract]

Equity Method Investments

Note 5 – Equity Method Investments

The table below details the Company’s share of revenues and operating income earned from the Joint Ventures in which it was invested during the years ended December 31, 2015 and 2014 (in thousands):

	2015		2014
Revenues	$	1,007	$	2,177
Operating income	$	286	$	143

The table below details the summarized components of assets and liabilities, as at December 31, 2015 and 2014, attributable to HGI from the Joint Ventures in which it was invested at those dates (in thousands):

	2015		2014
Current assets	$	194	$	1,055
Noncurrent assets	$	—	$	40
Current liabilities	$	291	$	117

The table below details the classification of the Earnings of equity method investments within the consolidated statements of operations and comprehensive loss for the years ended December 31, 2015 and 2014 (in thousands):

	2015		2014
Earnings of equity method investments included within operating loss	$	286	$	143
Earnings of equity method investments included within other income		5		261
Total earnings of equity method investments	$	291	$	404

Polaroid

In 2009, the Company invested approximately $2.6 million to indirectly acquire an approximate 5% interest in Polaroid Corporation and invested a further $0.3 million in 2010. The Company accounted for its investment in Polaroid using the equity method. Upon exiting the investment in December 2014, the Company recognized a gain on sale of $0.6 million. As of December 31, 2014 a total of $2.0 million is included in accounts receivable in connection with the sale of this investment which was collected in the first quarter of 2015.