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Discontinued Operations and Assets Held for Sale (Tables) | 3 Months Ended
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Mar. 31, 2019
Discontinued Operations and Disposal Groups [Abstract] |
Summary of major classes of assets and liabilities reclassified to held for sale | Summarized operating results and cash flows of the Discontinued Operations are presented in the following tables:
For the three months ended March 31, | 2019 |  | 2018
Revenues | $ | 202,616 |  |  | $ | 253,072 |
Depreciation and amortization | — |  |  | 10,793 |
Share-based compensation expense | 162 |  |  | 321 |
Other direct costs | 139,648 |  |  | 176,799 |
Operating income | 62,806 |  |  | 65,159 |
Other non-operating income | 3,118 |  |  | 76 |
Pretax income of discontinued operations | 65,924 |  |  | 65,235 |
Income tax expense | (9,350 | ) |  | (46,382 | )
Income from discontinued operations, net of tax | $ | 56,574 |  |  | $ | 18,853 |
Operating cash flows of discontinued operations | $ | 16,124 |  |  | $ | 20,682 |
Investing cash flows of discontinued operations | $ | (7,410 | ) |  | $ | (11,253 | )
Financing cash flows of discontinued operations | $ | (15,473 | ) |  | $ | (5,421 | )
The carrying amounts of the major classes of assets and liabilities that were classified as held for sale are presented in the following tables:
| March 31, 2019 |  | December 31, 2018
Assets of Discontinued Operations |  |  |
Cash and cash equivalents | $ | 215,599 |  |  | $ | 214,934 |
Receivables, net | 55,295 |  |  | 38,588 |
Property and equipment, net | 558,226 |  |  | 667,527 |
Goodwill | 72,990 |  |  | 131,329 |
Tradenames | 94,235 |  |  | 124,932 |
Operating lease right-of-use assets, net | 122,913 |  |  | — |
Other assets | 82,235 |  |  | 99,566 |
Subtotal: assets of Discontinued Operations | $ | 1,201,493 |  |  | $ | 1,276,876 |
Other assets classified as held for sale: UniNorte Brazil |  |  |
Receivables, net | $ | 7,435 |  |  | $ | 6,983 |
Property and equipment, net | 14,248 |  |  | 16,726 |
Goodwill | 15,243 |  |  | 15,165 |
Tradenames | 8,188 |  |  | 8,146 |
Operating lease right-of-use assets, net | 18,652 |  |  | — |
Other assets | 4,603 |  |  | 13,935 |
Subtotal: other assets classified as held for sale | $ | 68,369 |  |  | $ | 60,955 |
Total assets held for sale | $ | 1,269,862 |  |  | $ | 1,337,831 |
| March 31, 2019 |  | December 31, 2018
Liabilities of Discontinued Operations |  |  |
Deferred revenue and student deposits | $ | 99,759 |  |  | $ | 115,969 |
Operating leases, including current portion | 132,720 |  |  | — |
Long-term debt and finance leases, including current portion | 183,365 |  |  | 278,074 |
Other liabilities | 248,810 |  |  | 253,397 |
Subtotal: liabilities of Discontinued Operations | $ | 664,654 |  |  | $ | 647,440 |
Other liabilities classified as held for sale: UniNorte Brazil |  |  |
Deferred revenue and student deposits | $ | 2,553 |  |  | $ | 469 |
Operating leases, including current portion | 11,594 |  |  | — |
Long-term debt and finance leases, including current portion | 2,493 |  |  | 5,370 |
Other liabilities | 8,406 |  |  | 9,405 |
Subtotal: other liabilities classified as held for sale | $ | 25,046 |  |  | $ | 15,244 |
Total liabilities held for sale | $ | 689,700 |  |  | $ | 662,684 |

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