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GAIN ON SALE OF ASSETS
 12 Months Ended
Dec. 31, 2013
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]  
Gain on Sales of Assets
15 SALE OF ASSETS

Gain on Sale of Assets
 
Years Ended
 
December 31, 2013
 
December 31, 2011
 
(in thousands)
Serial Flash Product Line
$
(4,430
)
 
$
—

Former San Jose Corporate Headquarters
—

 
(33,428
)
DREAM, France
—

 
(1,882
)
   Total gain on sale of assets
$
(4,430
)
 
$
(35,310
)


Serial Flash Product Line

On September 28, 2012, the Company completed the sale of its Serial Flash product line. Under the terms of the sale agreement, the Company transferred assets to the buyer, who assumed certain liabilities, in return for cash consideration of $25.0 million. As part of the sale transactions, the Company has also granted the buyer an exclusive option to purchase the Company's remaining $7.0 million of Serial Flash inventory, of which the buyer fully exercised during the first quarter of 2013. As a result of the sale of that $7.0 million of remaining inventory, the Company recorded a gain of $4.4 million in 2013 to reflect receipt of payment upon exercise of the related purchase option and the completion of the sale of the Serial Flash product line.

Former San Jose Corporate Headquarters
On August 30, 2011, the Company completed the sale of its former San Jose corporate headquarters and adjacent parcels of land for an aggregate sale price of $48.5 million. The net book value of the properties sold was approximately $12.3 million on the closing date and the Company recorded a gain of $33.4 million in the year ended December 31, 2011, which is summarized below:
 
(in thousands)
Sales price
$
(48,500
)
Net book value of assets transferred
12,262

Transaction related costs
2,810

   Gain on sale of assets
$
(33,428
)


DREAM
On February 15, 2011, the Company sold its DREAM business, including its French subsidiary, Digital Research in Electronics, Acoustics and Music SAS (DREAM), which sold custom-designed ASIC chips for karaoke and other entertainment machines, for $2.3 million. The Company recorded a gain of $1.9 million in 2011.