Overstock.com 2007 Annual Report Download - page 110

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Overstock.com, Inc.
Notes to Consolidated Financial Statements (Continued)
4. ACQUISITION AND SUBSEQUENT DISCONTINUED OPERATIONS (Continued)
The following table is a summary of the Company's discontinued operations for the years ended December 31, 2005 and 2006, and the period ended
April 25, 2007 (in thousands):
Year ended December 31, 2005 Year ended December 31, 2006 Year-to-date period ended April 25, 2007
Sales $ 4,506 $ 8,217 $ 2,226
Cost of sales (832) (1,848) (650)
Gross profit 3,674 6,369 1,576
Sales and marketing (2,500) (1,888) (447)
Technology (242) (481) (60)
General and administrative (3,503) (6,422) (1,152)
Goodwill impairment — (4,460) (3,841)
Loss from discontinued operations $ (2,571) $ (6,882) $ (3,924)
The held for sale assets and liabilities consisted of the following (in thousands):
December 31, 2006
Assets of held for sale subsidiary:
Cash $ 1,365
Accounts receivable 3,267
Property and equipment, net 1,215
Goodwill and intangible assets, net 15,379
Other 86
Total assets of discontinued operations $ 21,312
Liabilities of held for sale subsidiary:
Current liabilities:
Accounts payable $ 2,947
Accrued liabilities 737
Total liabilities of discontinued operations $ 3,684
F-21