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DISCONTINUED OPERATIONS
 12 Months Ended
Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS
In December 2019, we completed the sale of Central Maine & Quebec Railway (“CMQR”), which was previously reported as our Railroad segment. Under ASC 205-20, this disposition met the criteria to be reported as discontinued operations. Accordingly, the assets, liabilities and results of operations of CMQR have been reported as discontinued operations for all periods presented.
The following table presents the significant components of net income from discontinued operations:
Year Ended December 31,
202120202019
Revenues
Total revenues$— $— $39,071 
Expenses
Operating expense— — 32,815 
Acquisition and transaction expenses— — 5,526 
Depreciation and amortization— — 2,202 
Interest expense— — 1,458 
Total expenses— — 42,001 
Gain on sale of assets, net— 1,331 77,468 
Other income— 1,331 77,468 
Income before income taxes— 1,331 74,538 
Provision for income taxes— — 1,076 
Net income— 1,331 73,462 
Less: Net income attributable to non-controlling interests in consolidated subsidiaries— — 247 
Net income attributable to shareholders$— $1,331 $73,215 

The following table presents the significant non-cash items and capital expenditures from discontinued operations:
Year Ended December 31,
202120202019
Operating activities:
Depreciation and amortization$— $— $2,202 
Amortization of deferred financing costs— — 256 
Share-based compensation expense— — 3,114 
Investing activities:
Purchases of property, plant and equipment$— $— $(6,949)