Vonage 2015 Annual Report Download - page 42
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36 VONAGE ANNUAL REPORT 2015
2015 compared to 2014
Discontinued operations attributable to Vonage. The loss
from discontinued operations attributable to Vonage decreased by
$7,061, or 75%. The loss from 2015 was due to $500 of costs associated
with the wind down of our Brazilian operations in the first quarter of 2015
related to contract terminations and severance-related expenses, a loss
on disposal of $824 related to the write-off of the noncontrolling interest
of $907, foreign currency loss on intercompany loan forgiveness of $783,
and residual cumulative translation of $192, partially offset by a tax
benefit of $1,058 and a lower portion of loss attributable to noncontolling
interest due to a reduction in ownership percentage. The loss from 2014
was for the operating loss from our discontinued Brazilian market.
2014 compared to 2013
Discontinued operations attributable to Vonage. The losses
from 2014 and 2013 were for the operating losses from our discontinued
Brazilian market.