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Discontinued Operations - Sale of Energy, Chemicals and Resources ("ECR") Business (Tables) | 3 Months Ended
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Dec. 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):
| Three Months Ended |  |  |  |  |  |
| December 27, 2019 |  | December 28, 2018 |  |  |  |
Revenues | $ | 7,099 |  |  | $ | 1,164,707 |  |  |  |  |
Direct cost of contracts | (4,692) |  |  | (995,606) |  |  |  |  |
Gross profit | 2,407 |  |  | 169,101 |  |  |  |  |
Selling, general and administrative expenses | 47,159 |  |  | (91,010) |  |  |  |  |
Operating Profit (Loss) | 49,566 |  |  | 78,091 |  |  |  |  |
Gain on sale of ECR business | 61,943 |  |  | — |  |  |  |  |
Other (expense) income, net | 1 |  |  | 2,120 |  |  |  |  |
Earnings Before Taxes from Discontinued Operations | 111,510 |  |  | 80,211 |  |  |  |  |
Income Tax Expense | (33,923) |  |  | (20,053) |  |  |  |  |
Net Earnings of the Group from Discontinued Operations | $ | 77,587 |  |  | $ | 60,158 |  |  |  |  |
Selling, general and administrative expenses includes an offsetting insuranc e recovery of $50.0 million for the three months ended December 27, 2019 recorded in connection with the Nui Phao ("NPMC") legal matter described in Note 19- Commitments and Contingencies. The gain on sale of the ECR business of $61.9 million for the three months ended December 27, 2019 primarily includes additional income for the re lease of a deferred gain upon achievement of the IT Migration Date described above in connection with the delivery to Worley of certain IT application and hardware assets related to the ECR business, as well as adjustments to the purchase price for working capital and certain other items in connection with the ECR sale. The following tables represent the assets and liabilities held for sale (in thousands):
| December 27, 2019 |  | September 27, 2019
Receivables and contract assets | $ | 3,976 |  |  | $ | 871 |
Prepaid expenses and other | 46 |  |  | 81 |
Current assets held for sale | $ | 4,022 |  |  | $ | 952 |
Property, Equipment and Improvements, net | $ | 1,200 |  |  | $ | 1,643 |
Goodwill | 24,896 |  |  | 24,896 |
Miscellaneous | 434 |  |  | 439 |
Noncurrent assets held for sale | $ | 26,530 |  |  | $ | 26,978 |
Accounts payable and accrued liabilities | $ | 778 |  |  | $ | 2,495 |
Contract liabilities | 19 |  |  | 78 |
Current liabilities held for sale | $ | 797 |  |  | $ | 2,573 |
Other Deferred Liabilities | $ | 52 |  |  | $ | 97 |
Noncurrent liabilities held for sale | $ | 52 |  |  | $ | 97 |
The significant components included in our Consolidated Statements of Cash Flows for the discontinued operations are as follows (in thousands):
| For the Three Months Ended |  |
| December 27, 2019 |  | December 28, 2018
Depreciation and amortization: |  |  |
Property, equipment and improvements | $ | — |  |  | $ | 2,110 |
Intangible assets | $ | — |  |  | $ | 614 |
Additions to property and equipment | $ | — |  |  | $ | (1,254) |
Stock based compensation | $ | — |  |  | $ | 3,615 |

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