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Assets Held for Sale
 3 Months Ended
Mar. 31, 2017
Assets Held for Sale [Abstract]  
Assets Held for Sale

 7.ASSETS HELD FOR SALE

Certain operating markets acquired in the Progressive Waste acquisition have characteristics that are not consistent with the Company’s operating strategy and meet the held for sale criteria as of December 31, 2016 and March 31, 2017. During the three months ended March 31, 2017, the Company completed the sale of all assets and liabilities in the Washington, D.C. market in its Eastern segment for cash and non-monetary consideration totaling $25,532. As of March 31, 2017, the remaining assets classified as held for sale consist of certain operating markets in the Company’s Southern segment. The assets held for sale as of March 31, 2017 have been recognized at the lower of cost or fair value less costs to sell, which resulted in recording an estimated loss on disposal of $53,471 during the three months ended March 31, 2017.  The expected consideration will include cash and non-monetary assets – consisting of other solid waste collection businesses and long-term contracts to deliver disposal volumes to the Company’s landfills.

Our assets and liabilities held for sale as of March 31, 2017 and December 31, 2016, were comprised of the following:



 

 

 

 

 



March 31,

2017

 

December 31, 2016

Current assets held for sale:

 

 

 

 

 

Cash and equivalents

$

 69 

 

$

 42 

Accounts receivable

 

 13,236 

 

 

 5,726 

Other current assets

 

 1,280 

 

 

 571 



$

 14,585 

 

$

 6,339 

Long-term assets held for sale:

 

 

 

 

 

Property and equipment

$

 89,643 

 

$

 33,624 

Goodwill

 

 29,295 

 

 

 244 

Other assets

 

 64 

 

 

 121 



$

 119,002 

 

$

 33,989 

Current liabilities held for sale:

 

 

 

 

 

Accounts payable

$

 4,045 

 

$

 1,320 

Accrued liabilities

 

 1,412 

 

 

 1,811 

Deferred revenue

 

 2,341 

 

 

 252 



$

 7,798 

 

$

 3,383 

Long-term liabilities held for sale:

 

 

 

 

 

Other liabilities

$

 449 

 

$

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