Assets Held for Sale

9 Months Ended

Sep. 30, 2018

8.ASSETS HELD FOR SALE

As of September 30, 2018, assets classified as held for sale consisted of an operating market in the Company’s Southern segment. The assets held for sale 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 $4,466 to Impairments and other operating items in the Condensed Consolidated Statements of Net Income during the year ended December 31, 2017. The expected consideration may include cash and non-monetary assets. During the three months ended September 30, 2018, the Company’s Southern segment completed the sale of an operation in the Louisiana market for total cash consideration of $1,250.

The Company’s assets and liabilities held for sale as of September 30, 2018 and December 31, 2017, were comprised of the following:


	September 30, 2018		December 31, 2017
Current assets held for sale:
Cash and equivalents	$	-	$	192
Accounts receivable		735		1,185
Other current assets		59		219
	$	794	$	1,596
Long-term assets held for sale:
Property and equipment	$	413	$	12,623
Goodwill		332		2
	$	745	$	12,625
Current liabilities held for sale:
Accounts payable	$	157	$	804
Accrued liabilities		22		215
Deferred revenue		749		1,136
	$	928	$	2,155