XML 49 R38.htm IDEA: XBRL DOCUMENT v3.20.2
Discontinued Operations - (Tables)
 3 Months Ended
Mar. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]  
Earnings from discontinued operations, net of tax
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
)
Assets and liabilities held for sale
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.