Balance Sheet and Income Statement of Disposal Group |
The following table summarizes results from discontinued operations of SeaSpine included in the consolidated statement of operations for the year ended December 31, 2015 (in thousands): | | | | | Total revenue | $ | 65,775 |
| Costs and expenses | 80,618 |
| Operating loss | (14,843 | ) | Other expense, net | (766 | ) | Loss from discontinued operations before tax | (15,609 | ) | Benefit for income taxes | (5,239 | ) | Loss from discontinued operations | $ | (10,370 | ) |
The following table presents Integra's spine business assets and liabilities removed from the consolidated balance sheet as of July 1, 2015: | | | | | Assets: | | Cash | $ | 47,178 |
| Accounts receivable | 20,856 |
| Inventory | 49,425 |
| Other current assets | 13,411 |
| Current assets of discontinued operations | 130,870 |
| Property, plant, and equipment, net | 21,093 |
| Intangible assets, net | 43,122 |
| Other assets | 4,465 |
| Non-current assets of discontinued operations | 68,680 |
| Total assets of discontinued operations | $ | 199,550 |
| Liabilities: |
| Accounts payable | $ | 7,072 |
| Accrued compensation | 5,964 |
| Accrued expenses and other current liabilities | 3,361 |
| Current liabilities of discontinued operations | 16,397 |
| Deferred tax liabilities | 13,331 |
| Other liabilities | 2,593 |
| Long-term liabilities of discontinued operations | 15,924 |
| Total liabilities of discontinued operations | $ | 32,321 |
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Assets and liabilities divested consisted of the following as of October 6, 2017 (amounts in thousands): | | | | | Inventories | $ | 8,348 |
| Prepaid expenses and other current assets | 36 |
| Assets held for sale | 30,813 |
| Property, plant and equipment, net | 1,122 |
| Goodwill | 2,861 |
| Total assets divested | $ | 43,180 |
| | | Deferred revenue | $ | 1,082 |
| Accrued compensation | 209 |
| Total liabilities divested | $ | 1,291 |
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