XML 27 R14.htm IDEA: XBRL DOCUMENT v3.8.0.1
Assets Held for Sale
 9 Months Ended
Sep. 30, 2017
Assets Held for Sale [Abstract]  
Assets Held for Sale

 7.ASSETS HELD FOR SALE

During the nine months ended September 30, 2017, the Company’s Eastern segment completed the sale of all assets and liabilities in its Washington, D.C. and Massachusetts markets and the sale of operating locations in the Illinois and Wisconsin markets. Additionally, during the nine months ended September 30, 2017, the Company’s Southern segment completed the sale of an operation in the Florida market, four operations in the Louisiana market and two operations in western Texas.  The total consideration received for these sales was $104,065 and included cash and non-monetary assets.

As of September 30, 2017, assets classified as held for sale consist of certain operating markets in the Company’s Southern segment. The assets held for sale as of September 30, 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 $19,189 during the nine months ended September 30, 2017.  The expected consideration may include cash and non-monetary assets.

Our assets and liabilities held for sale as of September 30, 2017 and December 31, 2016, were comprised of the following:



 

 

 

 

 



September 30,

2017

 

December 31, 2016

Current assets held for sale:

 

 

 

 

 

Cash and equivalents

$

 69 

 

$

 42 

Accounts receivable

 

 1,709 

 

 

 5,726 

Other current assets

 

 243 

 

 

 571 



$

 2,021 

 

$

 6,339 

Long-term assets held for sale:

 

 

 

 

 

Property and equipment

$

 12,617 

 

$

 33,624 

Goodwill

 

-

 

 

 244 

Other assets

 

 2 

 

 

 121 



$

 12,619 

 

$

 33,989 

Current liabilities held for sale:

 

 

 

 

 

Accounts payable

$

 834 

 

$

 1,320 

Accrued liabilities

 

 314 

 

 

 1,811 

Deferred revenue

 

 1,107 

 

 

 252 



$

 2,255 

 

$

 3,383