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Sale of Energy, Chemicals and Resources ("ECR") Business (Tables)
 12 Months Ended
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