Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2018

Discontinued Operations And Disposal Groups [Abstract]

Summary of Discontinued Operations, Income Statement and Cash Flow

The following table presents the details of the Entertainment segment for the Prior Year Quarter which were shown as income from discontinued operations, net of income taxes, in our unaudited condensed consolidated statement of operations:

	Three Months Ended March 31,
	2018		2017
	(unaudited)
Licensing revenue	$	—	$	27,461
Selling, general and administrative expenses		—		17,850
Depreciation and amortization		—		185
Operating income		—		9,426
Other expenses (income):
Interest expense		—		6,122
Interest income		—		(99	)
Loss on extinguishment of debt		—		15,737
Foreign currency translation loss		—		143
Other expenses – net		—		21,903
Loss from operations of discontinued operations before income taxes		—		(12,477	)
Benefit for income taxes		—		(5,098	)
Net loss from discontinued operations		—		(7,379	)
Less: Net income attributable to non- controlling interest from discontinued    operations		—		1,303
Loss from discontinued operations, net of income taxes	$	—	$	(8,682	)

The cash proceeds from the sale of the Company’s Entertainment segment were utilized by the Company to make mandatory principal prepayments on both its Senior Secured Notes and 2016 Senior Secured Term Loan (as well as a corresponding prepayment premium).  As a result, and in accordance with ASC 205-20-45-6, for the Prior Year Quarter, the Company allocated interest expense of $6.1 million (which includes $0.6 million of amortization of the original issue discount on the 2016 Senior Secured Term Loan) from continuing operations to discontinued operations.  Additionally, for the Prior Year Quarter, the Company allocated the prepayment premium of $15.7 million related to the 2016 Senior Secured Term Loan from continuing operations to discontinued operations on the Company’s unaudited condensed consolidated statement of operations.  Refer to Note 9 for further details.

The following table presents cash flow of the Entertainment segment during the Prior Year Quarter:

	Three Months Ended March 31,
	2018		2017
Net cash used in discontinued operating activities	$	—	$	(1,352	)
Net cash used in discontinued investing activities	$	—	$	(31	)
Net cash used in discontinued financing activities	$	—	$	—