Discontinued Operations, Sale of the Cold-EEZE® Business (Tables)

6 Months Ended

Jun. 30, 2017

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Proceeds from Sale of Business

	Amount
Gross consideration from the sale of the Cold-EEZE® Business	$	50,000
Closing and transaction costs		(4,175	)
Net proceeds from sale of the Cold-EEZE® Business		45,825
Book value of assets sold		(13	)
Gain on sale of the Cold-EEZE® Business before income taxes		45,812
Income tax expense		(19,473	)
Gain on sale of the Cold-EEZE® Business after income taxes	$	26,339
Net proceeds:
Cash paid at closing, net of closing and transaction costs	$	43,145
Proceeds due on sale of assets, cash held in escrow  (see Note 8)		5,000
	$	48,145

Schedule of Operating Results of Discontinued Operations

The following table sets forth the condensed operating results of our discontinued operations for the three and six months ended June 30, 2017 and 2016, respectively, (in thousands):

	Three Months Ended June 30,					Six Months Ended June 30,
	2017			2016		2017		2016
Net sales	$	(371	)	$	1,826	$	4,687	$	6,179
Cost of sales		264			728		2,037		2,427
Sales and marketing		200			533		1,720		2,833
Administration		-			319		348		656
Research and development		-			48		52		95
Income (loss) from discontinued operations	$	(835	)	$	198	$	530	$	168