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WBMD » Topics » Little Blue Book

This excerpt taken from the WBMD 8-K filed Jul 2, 2009.
Little Blue Book
 
During March 2009, the Company decided to divest LBB as it is not strategic to the rest of the overall business, and initiated the process of seeking a buyer for LBB. Accordingly, the financial information for LBB has been reflected as discontinued operations in the accompanying consolidated financial statements. Summarized operating results for the discontinued operations of LBB are as follows:
 
                         
    Years Ended December 31,  
    2008     2007     2006  
 
Revenue
  $ 9,235     $ 12,461     $ 9,342  
                         
Income before taxes
  $ 1,954     $ 4,462     $ 751  
                         
 
The major classes of assets and liabilities of LBB are as follows:
 
                 
    December 31,  
    2008     2007  
 
Assets of discontinued operations:
               
Accounts receivable, net
  $ 1,058     $ 2,671  
Property and equipment, net
    98       80  
Goodwill
    11,044       11,044  
Intangible assets, net
    362       680  
Other assets
    13       12  
                 
Total assets
  $ 12,575     $ 14,487  
                 
Liabilities of discontinued operations:
               
Accrued expenses
  $ 113     $ 257  
Deferred revenue
    876       883  
Deferred tax liability
    1,610       1,309  
                 
Total liabilities
  $ 2,599     $ 2,449  
                 
 
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