Quarterly report pursuant to sections 13 or 15(d)

Discontinued Operations and Divestitures (Tables)

v2.3.0.11
Discontinued Operations and Divestitures (Tables)
 6 Months Ended
Jun. 30, 2012
Discontinued Operations and Divestitures [Abstract]  
Results of discontinued operations
The following table summarizes the results of discontinued operations for the three and six months ended June 30, 2012, and 2011. The operating results of discontinued operations are included in our Consolidated Statements of Operations as part of our "(Loss) income from discontinued operations, net of taxes."

 
Three Months Ended
 
 
Six Months Ended
 
 
June 30,
 
 
June 30,
 
(Amounts in Thousands)
 
2012
 
 
2011
 
 
2012
 
 
2011
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenues
 
$
599
 
 
$
2,538
 
 
$
1,215
 
 
$
5,167
 
Interest expense
 
$
(9
)
 
$
(18
)
 
$
(17
)
 
$
(37
)
Operating (loss) income from discontinued operations
 
$
(86
)
 
$
(45
)
 
$
(294
)
 
$
278
 
Income tax (benefit) expense
 
$
(26
)
 
$
(13
)
 
$
(96
)
 
$
98
 
(Loss) ncome from discontinued operations
 
$
(60
)
 
$
(32
)
 
$
(198
)
 
$
180
 
Disclosure of asset and liabilities of discontinued operations Held-for-sale
The following table presents the major classes of asset and liabilities of discontinued operations that are classified as held for sale as of June 30, 2012 and December 31, 2011.  The held for sale assets and liabilities may differ at the closing of a sale transaction from the reported balances as of June 30, 2012:

 
June 30,
 
 
December 31,
 
(Amounts in Thousands)
 
2012
 
 
2011
 
 
 
 
 
 
 
Accounts receivable, net (1)
 
$
466
 
 
$
385
 
Inventories
 
 
31
 
 
 
25
 
Other assets
 
 
15
 
 
 
22
 
Property, plant and equipment, net (2)
 
 
1,614
 
 
 
1,650
 
Total assets held for sale
 
$
2,126
 
 
$
2,082
 
Accounts payable
 
$
303
 
 
$
190
 
Accrued expenses and other liabilities
 
 
523
 
 
 
577
 
Note payable
 
 
88
 
 
 
105
 
Environmental liabilities
 
 
1,496
 
 
 
1,497
 
Total liabilities held for sale
 
$
2,410
 
 
$
2,369
 

(1) net of allowance for doubtful accounts of $41,000 and $48,000 as of June 30, 2012 and December 31, 2011, respectively.

(2) net of accumulated depreciation of $62,000 for each period noted.
Major classes of assets and liabilities of discontinued operations
The following table presents the major classes of assets and liabilities of discontinued operations that are not held for sale as of June 30, 2012 and December 31, 2011:

 
June 30,
 
 
December 31,
 
(Amounts in Thousands)
 
2012
 
 
2011
 
 
 
 
 
 
 
Other assets
 
$
255
 
 
$
261
 
Total assets of discontinued operations
 
$
255
 
 
$
261
 
Accrued expenses and other liabilities
 
$
1,059
 
 
$
1,083
 
Accounts payable
 
 
14
 
 
 
15
 
Environmental liabilities
 
 
430
 
 
 
505
 
Total liabilities of discontinued operations
 
$
1,503
 
 
$
1,603