Cablevision 2013 Annual Report Download - page 143

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COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
F-34
impairments) in the Other segment. No goodwill impairments were recorded for the years ended
December 31, 2013, 2012 and 2011.
In addition, the Company recorded impairment charges of $10,997, $829 and $1,887 in 2013, 2012 and
2011, respectively, included in depreciation and amortization related primarily to certain other long-lived
assets of businesses included in the Other segment.
NOTE 5. DISCONTINUED OPERATIONS AND ASSETS AND LIABILITIES HELD FOR
SALE
In connection with the Bresnan Sale and Clearview Sale discussed above, the operating results of Bresnan
Cable (previously included in the Company's Telecommunications Services segment) and Clearview
Cinemas (previously included in the Company's Other segment) have been reflected in the Company's
consolidated financial statements as discontinued operations for all periods presented. The assets and
liabilities attributable to Bresnan Cable and Clearview Cinemas have been classified as assets and
liabilities held for sale in the consolidated balance sheets as of December 31, 2012.
The proceeds related to the settlement of litigation with DISH Network, LLC (see discussion below) and
related costs have been classified in discontinued operations for the years ended December 31, 2013 and
2012.
In addition, on June 30, 2011, the Company completed the AMC Networks Distribution (see Note 1). As
a result, the operating results of the Company's Rainbow segment through the date of the AMC Networks
Distribution, as well as transaction costs, have been classified in the consolidated statements of income as
discontinued operations for all periods presented. No gain or loss was recognized in connection with the
AMC Networks Distribution.
Operating results of discontinued operations for the years ended December 31, 2013, 2012 and 2011 are
summarized below:
Year Ended December 31, 2013
Bresnan
Cable(a)
Clearview
Cinemas(b)(c)
Litigation
Settlement(d) Total
Revenues, net............................................. $ 262,323
$ 27,307 $ - $ 289,630
Income (loss) before income taxes .............. $ 439,870
$(42,437) $173,690 $ 571,123
Income tax benefit (expense)(e) .................. (180,178)
17,425 (70,054) (232,807)
Income (loss) from discontinued
operations, net of income taxes -
Cablevision ............................................. 259,692
(25,012) 103,636 338,316
Income tax benefit recognized at
Cablevision, not applicable to CSC
Holdings ................................................. (6,602)
- (1,003) (7,605)
Income (loss) from discontinued
operations, net of income taxes - CSC
Holdings ................................................. $ 253,090
$(25,012) $102,633 $ 330,711
___________________________
(a) Includes the pretax gain recognized in connection with the Bresnan Sale of approximately $408,000.
(b) Includes the pretax loss recognized in connection with the Clearview Sale of approximately $19,300.
(c) As a result of the Company's annual impairment test in the first quarter of 2013, the Company recorded an
impairment charge of $10,347, relating to goodwill of the Company's Clearview business which reduced the
carrying value to zero. The Company determined the fair value of the Clearview business, which was a single