|12 Months Ended|
Dec. 31, 2015
|Discontinued Operations [Abstract]|
(16) Discontinued Operations
During 2012 we discontinued the construction management operations of our wholly owned subsidiary Integrated Concepts and Research Corporation ("ICRC").
As of December 31, 2015, one of the bonded projects had not yet been completed and the aggregate bonded amount on this project was approximately $3 million. Our bonded projects are the subject of claims and disputes involving the subcontractors associated with the projects. We recorded an expense of approximately $1.1 million, net of tax, which was included in loss from discontinued operations for the year ended December 31, 2014 primarily related to these claims and disputes. We expect the remaining bonded project to be completed in 2016.
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):
No definition available.
The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.
Reference 1: http://www.xbrl.org/2003/role/presentationRef