Annual report pursuant to Section 13 and 15(d)

Discontinued Operations (Tables)

v2.4.0.6
Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2012
Discontinued Operations [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

The assets and liabilities to be sold are classified as assets held for sale on our consolidated balance sheet as of December 31, 2012 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 are as follows (in thousands):
 
Assets:
      
    Accounts receivable
  
$
2,100
  
    Goodwill
    
790
  
Total assets held for sale
  
$
2,890
  
 
        
Liabilities:
        
    Accounts payable
  
$
551
  
Total liabilities held for sale
  
$
551
  

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):

 
  
Year ended December 31,
  
 
  
2012
    
2011
    
2010
  
Revenues
  
$
23,128
    
$
37,830
    
$
55,082
  
 
                        
(Loss) income before income taxes
  
$
(9,728
)
  
$
580
    
$
292
  
Income tax (benefit)/expense
    
(3,658
)
    
218
      
110
  
(Loss) income from discontinued operations, net
  
$
(6,070
)
  
$
362
    
$
182