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Discontinued Operations | 3 Months Ended
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Mar. 31, 2020
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | Discontinued Operations We expect to complete the sale of the AMECO equipment business, which is reported in discontinued operations, within the next year. The assets and liabilities of the AMECO business are classified as held for sale. Due to the impact of Covid-19 and the steep decline in oil prices on the AMECO business during the first quarter of 2020, we recognized impairment charges of $100 million, of which $12 million related to goodwill, to write down the AMECO assets held for sale to fair value less cost to sell. The fair value of the AMECO assets were determined using a combination of observable level 2 inputs, including indicative offers and ongoing negotiations for the related assets. The legal fees associated with a previously divested business were reported in earnings (loss) from discontinued operations under "Other". Earnings from discontinued operations for the three months ended March 31, 2020 and 2019 follow:
|  | Three Months Ended March 31, 2020 |  | Three Months Ended March 31, 2019
(in thousands) |  | AMECO |  | Other |  | Total |  | AMECO |  | Other |  | Total
Revenue |  | $ | 60,538 |  |  | $ | — |  |  | $ | 60,538 |  |  | $ | 61,786 |  |  | $ | — |  |  | $ | 61,786 |
Cost of revenue |  | 48,269 |  |  | — |  |  | 48,269 |  |  | 60,621 |  |  | — |  |  | 60,621 |
Corporate general and administrative expense |  | 14 |  |  | 5,703 |  |  | 5,717 |  |  | 79 |  |  | 2,015 |  |  | 2,094 |
Impairment of assets held for sale |  | 100,000 |  |  | — |  |  | 100,000 |  |  | — |  |  | — |  |  | — |
Interest expense (income), net |  | (50 | ) |  | — |  |  | (50 | ) |  | (76 | ) |  | — |  |  | (76 | )
Total cost and expenses |  | 148,233 |  |  | 5,703 |  |  | 153,936 |  |  | 60,624 |  |  | 2,015 |  |  | 62,639 |
Earnings (loss) before taxes from discontinued operations |  | (87,695 | ) |  | (5,703 | ) |  | (93,398 | ) |  | 1,162 |  |  | (2,015 | ) |  | (853 | )
Income tax expense (benefit) |  | 1,457 |  |  | — |  |  | 1,457 |  |  | 427 |  |  | (466 | ) |  | (39 | )
Net earnings (loss) from discontinued operations |  | $ | (89,152 | ) |  | $ | (5,703 | ) |  | $ | (94,855 | ) |  | $ | 735 |  |  | $ | (1,549 | ) |  | $ | (814 | )
The carrying amounts of the major classes of assets and liabilities included as part of discontinued operations and classified as held for sale as of March 31, 2020 and December 31, 2019 follow:
|  | March 31, 2020 |  | December 31, 2019
(in thousands) |  | AMECO | Other | Total from Discontinued Operations | Other Assets and Liabilities from Continuing Operations | Total |  | AMECO | Other | Total from Discontinued Operations | Other Assets and Liabilities from Continuing Operations | Total
Accounts and notes receivable, net |  | $ | 49,305 |  | $ | 15,925 |  | $ | 65,230 |  | $ | 14,927 |  | $ | 80,157 |  |  | $ | 69,126 |  | $ | 15,925 |  | $ | 85,051 |  | $ | 17,513 |  | $ | 102,564 |
Contract assets |  | 3,930 |  | — |  | 3,930 |  | 4,603 |  | 8,533 |  |  | 3,497 |  | — |  | 3,497 |  | 3,779 |  | 7,276 |
Other current assets |  | 46,014 |  | — |  | 46,014 |  | 7,029 |  | 53,043 |  |  | 54,116 |  | — |  | 54,116 |  | 8,112 |  | 62,228 |
Current assets held for sale |  | $ | 99,249 |  | $ | 15,925 |  | $ | 115,174 |  | $ | 26,559 |  | $ | 141,733 |  |  | $ | 126,739 |  | $ | 15,925 |  | $ | 142,664 |  | $ | 29,404 |  | $ | 172,068 |
Property, plant and equipment, net |  | $ | 132,315 |  | $ | — |  | $ | 132,315 |  | $ | 59,683 |  | $ | 191,998 |  |  | $ | 232,792 |  | $ | — |  | $ | 232,792 |  | $ | 106,762 |  | $ | 339,554 |
Goodwill |  | 37 |  | — |  | 37 |  | 7,311 |  | 7,348 |  |  | 12,338 |  | — |  | 12,338 |  | 9,295 |  | 21,633 |
Investments |  | — |  | — |  | — |  | 6,118 |  | 6,118 |  |  | — |  | — |  | — |  | 7,293 |  | 7,293 |
Other assets |  | 5,135 |  | — |  | 5,135 |  | 14,307 |  | 19,442 |  |  | 5,868 |  | — |  | 5,868 |  | 12,654 |  | 18,522 |
Noncurrent assets held for sale(1) |  | $ | 137,487 |  | $ | — |  | $ | 137,487 |  | $ | 87,419 |  | $ | 224,906 |  |  | $ | 250,998 |  | $ | — |  | $ | 250,998 |  | $ | 136,004 |  | $ | 387,002 |
Total assets held for sale |  | $ | 236,736 |  | $ | 15,925 |  | $ | 252,661 |  | $ | 113,978 |  | $ | 366,639 |  |  | $ | 377,737 |  | $ | 15,925 |  | $ | 393,662 |  | $ | 165,408 |  | $ | 559,070 |
Accounts payable |  | $ | 14,438 |  | $ | 8 |  | $ | 14,446 |  | $ | 7,384 |  | $ | 21,830 |  |  | $ | 24,692 |  | $ | — |  | $ | 24,692 |  | $ | 6,702 |  | $ | 31,394 |
Contract liabilities |  | 2,462 |  | — |  | 2,462 |  | 55 |  | 2,517 |  |  | 4,466 |  | — |  | 4,466 |  | 25 |  | 4,491 |
Accrued salaries, wages and benefits |  | 8,177 |  | — |  | 8,177 |  | 118 |  | 8,295 |  |  | 8,913 |  | — |  | 8,913 |  | 919 |  | 9,832 |
Other accrued liabilities |  | 7,604 |  | 461 |  | 8,065 |  | 10,288 |  | 18,353 |  |  | 9,451 |  | — |  | 9,451 |  | 11,562 |  | 21,013 |
Current liabilities held for sale |  | $ | 32,681 |  | $ | 469 |  | $ | 33,150 |  | $ | 17,845 |  | $ | 50,995 |  |  | $ | 47,522 |  | $ | — |  | $ | 47,522 |  | $ | 19,208 |  | $ | 66,730 |
Noncurrent liabilities held for sale(1) |  | $ | 3,638 |  | $ | — |  | $ | 3,638 |  | $ | 10,706 |  | $ | 14,344 |  |  | $ | 4,272 |  | $ | — |  | $ | 4,272 |  | $ | 11,320 |  | $ | 15,592 |
Total liabilities held for sale |  | $ | 36,319 |  | $ | 469 |  | $ | 36,788 |  | $ | 28,551 |  | $ | 65,339 |  |  | $ | 51,794 |  | $ | — |  | $ | 51,794 |  | $ | 30,528 |  | $ | 82,322 |
(1) Noncurrent assets and liabilities held for sale were classified as current on the Condensed Consolidated Balance Sheet as we expect to complete the sale of AMECO business within one year. Capital expenditures from discontinued operations were $8 million and $19 million during the three months ended March 31, 2020 and 2019, respectively.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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