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

3 Months Ended

Mar. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Proceeds from Sale of Business

 The net proceeds received from the sale of the Cold-EEZE^® Business were as follows (in thousands):

	Amount
	(as restated)
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		(2,544	)
Gain on sale of the Cold-EEZE® Business after income taxes	$	43,268
Net proceeds:
Cash paid at closing, net of closing and transaction costs	$	43,145
Proceeds due on sale of assets, cash held in escrow		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 months ended March 31, 2017 and 2016, respectively, (in thousands):

	Three Months Ended March 31,
	2017		2016
Net sales	$	5,058	$	4,353
Cost of sales		1,773		1,699
Sales and marketing		1,520		2,300
Administration		348		337
Research and development		52		47
Income (loss) from discontinued operations	$	1,365	$	(30	)