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Discontinued Operations (Tables)
 6 Months Ended
Jun. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Financial Information for Discontinued Operations

The following represents a reconciliation of the major classes of line items constituting income from discontinued operations related to Quanta’s fiber optic licensing operations (in thousands):

 

     Three Months Ended     Six Months Ended  
     June 30, 2015     June 30, 2015  

Major classes of line items constituting pretax income from discontinued operations:

     

Revenues

    $ 25,692      $ 51,262   

Expenses:

     

Cost of services (including depreciation)

      10,896        21,711   

Selling, general and administrative expenses

      5,106        9,881   

Amortization of intangible assets

      413        825   

Other income (expense) items that are not major

      9        10   
  

 

 

    

 

 

  

Income before taxes of discontinued operations

      9,286        18,855   

Provision for income taxes related to discontinued operations

      (4,816 )      (1,042 ) 
  

 

 

    

 

 

  

Net income from discontinued operations as presented in the statements of operations

    $ 14,102      $ 19,897   
  

 

 

    

 

 

  

The following represents a reconciliation of the carrying amounts of major classes of current liabilities of fiber optic licensing operations (in thousands):

 

     June 30,
2016		      December 31,
2015		  

Carrying amounts of major classes of liabilities of discontinued operations:

      

Current liabilities:

      

Accounts payable and accrued expenses

    $ 2,651       $ 15,313   
  

 

 

     

 

 

  

Total current liabilities of discontinued operations

    $ 2,651       $ 15,313