Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v2.4.0.8
Discontinued Operations (Tables)
 9 Months Ended
Sep. 30, 2013
Discontinued Operations [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures
ICRC's assets and liabilities expected to be sold and assumed are classified as assets held for sale on our consolidated balance sheet as of September 30, 2013 and are recorded at the lower of their carrying values or fair values less costs to sell. We evaluate our assets and liabilities held for sale using both income and market approaches. These inputs are considered level 3 fair value measurements. The goodwill recorded in assets held for sale for ICRC was primarily based on our expectations of a sale price as compared to our estimation of the net assets to be sold at closing. The major categories of the assets and liabilities held for sale as of September 30, 2013 are as follows (in thousands):

Assets:
  
 
Accounts receivable
  
$
1,404
  
Goodwill
    
708
  
Total assets held for sale
  
$
2,112
  
 
        
Liabilities:
        
Accounts payable
  
$
385
  
Total liabilities held for sale
  
$
385
  

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
    
Nine months
  
 
  
ended September 30,
    
ended September 30,
  
 
  
2013
    
2012
    
2013
    
2012
  
Revenues
  
$
26
    
$
14,010
    
$
125
    
$
21,857
  
 
                                
Loss before income taxes
  
$
-
    
$
(2,483
)
  
$
(181
)
  
$
(3,191
)
Income tax provision (benefit)
    
1
      
(961
)
    
(66
)
    
(1,232
)
Loss from discontinued operations, net
  
$
(1
)
  
$
(1,522
)
  
$
(115
)
  
$
(1,959
)