Assets and Liabilities Held for Sale

3 Months Ended

Mar. 31, 2019

Discontinued Operations And Disposal Groups [Abstract]

Assets and Liabilities Held for Sale

Note 12 – Assets and Liabilities Held for Sale

During 2018, the Company determined that GPT met the held for sale criteria and recognized $2,190 in impairment loss on assets held for sale. During the three-month period ended March 31, 2019, the Company determined an equity investment met the held for sale criteria and recognized an impairment of $3,486. During the three-month period ended March 31, 2019, the Company recognized and additional $6,998 in impairment losses on assets held for sale. See Note 2 for information about the Company’s held for sale accounting policy, including a description of the criteria necessary for a disposal group to qualify for classification as held for sale. GPT did not meet the criteria to be classified as a discontinued operation.

The assets and liabilities of the disposal group classified as held for sale as of March 31, 2019 are as follows:

Accounts receivable, net	$	2,149
Inventory, net		5,891
Prepaid expenses and other assets		240
Operating lease right-of-use assets		4,143
Investment		1,000
Property and equipment, net		7,291
Other intangible assets, net		993
Deferred income tax assets		4,490
Impairment loss		(9,188	)
Total assets held for sale	$	17,009
Accounts payable	$	536
Accrued liabilities		2,326
Operating lease liabilities		4,147
Total liabilities held for sale	$	7,009

Management’s estimates used to record impairment expense are inherently uncertain and may change in future periods.