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Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

Earnings from discontinued operations, net of tax

Disc Ops information follows:

			Year Ended December 31, 2020																		Year Ended December 31, 2019																		Year Ended December 31, 2018
(in thousands)			AMECO						Other						Total						AMECO						Other						Total						AMECO						Other						Total
Revenue			$	215,684					$	—					$	215,684					$	260,276					$	—					$	260,276					$	253,130					$	—					$	253,130
Cost of revenue			193,583						—						193,583						277,420						—						277,420						222,139						—						222,139
Corporate general and administrative expense			234						13,198						13,432						239						(21,152)						(20,913)						282						4,792						5,074
Impairment of assets held for sale			145,700						—						145,700						—						—						—						—						—						—
Interest expense (income), net			159						—						159						(341)						—						(341)						(354)						—						(354)
Total cost and expenses			339,676						13,198						352,874						277,318						(21,152)						256,166						222,067						4,792						226,859
Earnings (loss) before taxes from Disc Ops			(123,992)						(13,198)						(137,190)						(17,042)						21,152						4,110						31,063						(4,792)						26,271
Income tax expense (benefit)			3,957						—						3,957						(3,940)						4,447						507						6,900						(1,064)						5,836
Net earnings (loss) from Disc Ops			$	(127,949)					$	(13,198)					$	(141,147)					$	(13,102)					$	16,705					$	3,603					$	24,163					$	(3,728)					$	20,435

Assets and liabilities held for sale

The following summarizes information related to assets and liabilities classified as held for sale:

						December 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						$41,988			$10,476			$52,464			$64			$52,528						$69,126			$15,925			$85,051			$17,513			$102,564
Contract assets						2,188			—			2,188			—			2,188						3,497			—			3,497			3,779			7,276
Other current assets						7,098			—			7,098			2,712			9,810						54,116			—			54,116			8,112			62,228
Current assets held for sale						51,274			10,476			61,750			2,776			64,526						126,739			15,925			142,664			29,404			172,068
Property, plant and equipment, net						113,080			—			113,080			41,160			154,240						232,792			—			232,792			64,792			297,584
Goodwill						—			—			—			—			—						12,338			—			12,338			9,295			21,633
Investments						—			—			—			5,063			5,063						—			—			—			7,293			7,293
Other assets						13,788			—			13,788			—			13,788						5,868			—			5,868			12,654			18,522
Noncurrent assets held for sale (1)						126,868			—			126,868			46,223			173,091						250,998			—			250,998			94,034			345,032
Total assets held for sale						$178,142			$10,476			$188,618			$48,999			$237,617						$377,737			$15,925			$393,662			$123,438			$517,100
Accounts payable						$17,355			$	13		$17,368			$75			$17,443						$24,692			$	—		$24,692			$6,702			$31,394
Contract liabilities						125			—			125			10			135						4,466			—			4,466			25			4,491
Accrued salaries, wages and benefits						6,042			—			6,042			98			6,140						8,913			—			8,913			919			9,832
Other accrued liabilities						11,780			—			11,780			327			12,107						9,451			—			9,451			11,562			21,013
Current liabilities held for sale						35,302			13			35,315			510			35,825						47,522			—			47,522			19,208			66,730
Noncurrent liabilities held for sale(1)						9,479			—			9,479			—			9,479						4,272			—			4,272			11,320			15,592
Total liabilities held for sale						$44,781			$13			$44,794			$510			$45,304						$51,794			$	—		$51,794			$30,528			$82,322

(1)    Noncurrent assets and liabilities held for sale were classified as current as we expect to complete the sale of the AMECO businesses within the first half of 2021.

Consolidated statements of cash flows for the discontinued operations

The changes in assets and liabilities included in operating cash flow follow:

			Year Ended December 31,
(in thousands)			2020			2019			2018
(Increase) decrease in:
Accounts and notes receivable, net			$	138,388		$	210,419		$	(40,632)
Contract assets			280,360			207,467			(83,774)
Other current assets			3,893			(80,248)			168,021
Other assets			109,405			100,527			(25,424)
Increase (decrease) in:
Accounts payable			(343,113)			(46,873)			176,335
Contract liabilities			(53,580)			202,359			(307,844)
Accrued liabilities			(11,829)			29,880			(75,878)
Other liabilities			(93,723)			9,496			(38,536)
Increase (decrease) in cash due to changes in assets and liabilities			$	29,801		$	633,027		$	(227,732)
Cash paid during the year for:
Interest			$	65,641		$	71,938		$	66,514
Income taxes (net of refunds)			65,188			204,080			(28,408)

Our cash flow information for 2020, 2019 and 2018 included the following activities related to AMECO Disc Ops:

						Year Ended December 31,
(in thousands)						2020						2019			2018
Impairment expense - Disc Ops						$	145,700					$	—					$	—
Depreciation of fixed assets						—						44,295						72,137
Amortization of stock-based awards						56						123						103
Capital expenditures						(23,430)						(68,048)						(40,856)

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