VSE Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

The major categories of the assets and liabilities held for sale are as follows (in thousands):

Assets:
Accounts receivable	$	2,002
Goodwill		790
Total assets held for sale	$	2,792

Liabilities:
Accounts payable	$	511
Total liabilities held for sale	$	511

Revenues and costs of ICRC have been reclassified as discontinued operations for all periods presented. The major categories included in discontinued operations on the consolidated statements of income are as follows (in thousands):

	Three months ended March 31,
	2013			2012
Revenues	$	71		$	4,354

Loss before income taxes	$	(21	)	$	(164	)
Income tax benefit		(8	)		(63	)
Loss from discontinued operations, net	$	(13	)	$	(101	)

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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