Quarterly report pursuant to Section 13 or 15(d)

Discontinued operations

v2.4.0.6
Discontinued operations
 3 Months Ended
Dec. 31, 2011
Discontinued operations  
Discontinued operations

12. Discontinued operations

 

On May 2, 2008, the Company sold its Unison MAXIMUS, Inc. subsidiary for $6.5 million, including a promissory note of $6.4 million. At December 31, 2011, the promissory note has a current value of $3.7 million, which has been fully reserved since the disposal. The Company recorded a gain on sale of $148,000 in the three month period ended December 31, 2011. The Company continues to monitor the payments on the note but no further gains are certain at this time.