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Sale of Energy, Chemicals and Resources ("ECR") Business (Tables) | 12 Months Ended
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Sep. 27, 2019
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | The following table represents earnings (loss) from discontinued operations, net of tax (in thousands):
| For the Years Ended (1)
| September 27, 2019 |  | September 28, 2018 |  | September 29, 2017
Revenues | $ | 2,725,699 |  |  | $ | 4,404,873 |  |  | $ | 3,692,662 |
Direct cost of contracts | (2,338,113 | ) |  | (3,756,263 | ) |  | (3,191,747 | )
Gross profit | 387,586 |  |  | 648,610 |  |  | 500,915 |
Selling, general and administrative expenses | (320,264 | ) |  | (412,282 | ) |  | (366,284 | )
Operating Profit (Loss) | 67,322 |  |  | 236,328 |  |  | 134,631 |
Gain on sale of ECR business | 935,110 |  |  | — |  |  | — |
Other (expense) income, net (2) | (47,390 | ) |  | (12,604 | ) |  | 15,432 |
Earnings Before Taxes from Discontinued Operations | 955,042 |  |  | 223,724 |  |  | 150,063 |
Income Tax Expense | (395,828 | ) |  | (55,931 | ) |  | (32,739 | )
Net Earnings of the Group from Discontinued Operations | $ | 559,214 |  |  | $ | 167,793 |  |  | $ | 117,324 |
(1) | The ECR business was sold April 26, 2019, therefore the year ended September 27, 2019 includes only seven months of results.
(2) | For the year ended September 27, 2019, other (expense) income, net includes $35.0 million in interest expense relating to the Nui Phao settlement, $6.0 million in foreign currency revaluations, $9.6 million in loss on the sale of a joint venture which is offset by $4.4 million in miscellaneous income. For the year ended September 28, 2018, other expense (income), net was comprised of an approximate $21.0 million loss on the sale of the Guimar joint venture, offset by $8.4 million in miscellaneous income.
Selling, general and administrative expenses includes $95.0 million and total other (expense) income, net includes $35.0 million for the year ended September 27, 2019 recorded in connection with charges recognized related to the Nui Phao ("NPMC") legal matter described in Note 17- Contractual Guarantees, Litigation, Investigations and Insurance. The following tables represent the assets and liabilities held for sale (in thousands):
| September 27, 2019 (1) |  | September 28, 2018
Cash and cash equivalents | $ | — |  |  | $ | 158,488 |
Receivables and contract assets | 871 |  |  | 1,040,996 |
Prepaid expenses and other | 81 |  |  | 37,200 |
Current assets held for sale | $ | 952 |  |  | $ | 1,236,684 |
Property, Equipment and Improvements, net | $ | 1,643 |  |  | $ | 199,847 |
Goodwill | 24,896 |  |  | 1,308,000 |
Intangibles, net | — |  |  | 83,005 |
Miscellaneous | 439 |  |  | 110,838 |
Noncurrent assets held for sale | $ | 26,978 |  |  | $ | 1,701,690 |
Notes payable | $ | — |  |  | $ | 1,782 |
Accounts payable | — |  |  | 351,482 |
Accrued liabilities | 2,495 |  |  | 321,627 |
Contract liabilities | 78 |  |  | 81,679 |
Current liabilities held for sale | $ | 2,573 |  |  | $ | 756,570 |
Long-term Debt | $ | — |  |  | $ | 2,710 |
Other Deferred Liabilities | 97 |  |  | 147,894 |
Noncurrent liabilities held for sale | $ | 97 |  |  | $ | 150,604 |
(1) | The September 27, 2019 held for sale balances above pertain to certain ECR entities that will be conveyed at a later date. Please refer to the Gain on Sale and Deferred Gain section above for more information.
The significant components included in our Consolidated Statements of Cash Flows for the discontinued operations are as follows (in thousands):
| For the Years Ended
| September 27, 2019 |  | September 28, 2018
Depreciation and amortization: |  |  |
Property, equipment and improvements | $ | 2,110 |  |  | $ | 26,627 |
Intangible assets | $ | 614 |  |  | $ | 13,327 |
Additions to property and equipment | $ | (9,204 | ) |  | $ | (19,669 | )
Stock based compensation | $ | 10,852 |  |  | $ | 10,838 |

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