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Discontinued Operations and Assets Held for Sale (Tables) | 9 Months Ended
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Sep. 30, 2019
Discontinued Operations and Disposal Groups [Abstract] |
Summary of major classes of assets and liabilities reclassified to held for sale | The carrying amounts of the major classes of assets and liabilities that were classified as held for sale are presented in the following tables:
| September 30, 2019 |  | December 31, 2018
Assets of Discontinued Operations |  |  |
Cash and cash equivalents | $ | 62,194 |  |  | $ | 215,644 |
Receivables, net | 42,277 |  |  | 62,576 |
Property and equipment, net | 259,884 |  |  | 671,121 |
Goodwill | 9,613 |  |  | 131,329 |
Tradenames | 6,893 |  |  | 124,932 |
Operating lease right-of-use assets, net | 66,673 |  |  | — |
Other assets | 61,056 |  |  | 106,326 |
Subtotal: assets of Discontinued Operations | $ | 508,590 |  |  | $ | 1,311,928 |
Other assets classified as held for sale: UniNorte Brazil |  |  |
Receivables, net | $ | 6,969 |  |  | $ | 6,983 |
Property and equipment, net | 13,193 |  |  | 16,726 |
Goodwill | 14,083 |  |  | 15,165 |
Tradenames | 7,565 |  |  | 8,146 |
Operating lease right-of-use assets, net | 15,244 |  |  | — |
Other assets | 6,161 |  |  | 13,935 |
Other land and buildings classified as held for sale |  |  |
Property and equipment, net | 8,374 |  |  | — |
Subtotal: other assets classified as held for sale | $ | 71,589 |  |  | $ | 60,955 |
Total assets held for sale | $ | 580,179 |  |  | $ | 1,372,883 |
| September 30, 2019 |  | December 31, 2018
Liabilities of Discontinued Operations |  |  |
Deferred revenue and student deposits | $ | 53,885 |  |  | $ | 115,969 |
Operating leases, including current portion | 71,411 |  |  | — |
Long-term debt and finance leases, including current portion | 56,054 |  |  | 279,612 |
Other liabilities | 91,094 |  |  | 269,558 |
Subtotal: liabilities of Discontinued Operations | $ | 272,444 |  |  | $ | 665,139 |
Other liabilities classified as held for sale: UniNorte Brazil |  |  |
Deferred revenue and student deposits | $ | 1,768 |  |  | $ | 469 |
Operating leases, including current portion | 10,119 |  |  | — |
Long-term debt and finance leases, including current portion | 2,250 |  |  | 5,370 |
Other liabilities | 8,554 |  |  | 9,405 |
Subtotal: other liabilities classified as held for sale | $ | 22,691 |  |  | $ | 15,244 |
Total liabilities held for sale | $ | 295,135 |  |  | $ | 680,383 |
Summarized operating results and cash flows of the Discontinued Operations are presented in the following tables:
For the three months ended September 30, | 2019 |  | 2018
Revenues | $ | 65,316 |  |  | $ | 160,278 |
Depreciation and amortization | 339 |  |  | 6,991 |
Share-based compensation expense | 119 |  |  | 173 |
Loss on impairment of assets | 25,000 |  |  | — |
Other direct costs | 64,681 |  |  | 188,284 |
Operating loss | (24,823 | ) |  | (35,170 | )
Other non-operating expense | (252 | ) |  | (5,674 | )
Pretax loss of discontinued operations | (25,075 | ) |  | (40,844 | )
Income tax (expense) benefit | (2,062 | ) |  | 2,939 |
Loss from discontinued operations, net of tax | $ | (27,137 | ) |  | $ | (37,905 | )
For the nine months ended September 30, | 2019 |  | 2018
Revenues | $ | 446,002 |  |  | $ | 673,975 |
Depreciation and amortization | 1,176 |  |  | 28,776 |
Share-based compensation expense | 387 |  |  | 920 |
Loss on impairment of assets | 25,000 |  |  | — |
Other direct costs | 343,317 |  |  | 561,528 |
Operating income | 76,122 |  |  | 82,751 |
Other non-operating income (loss) | 6,276 |  |  | (18,794 | )
Pretax income of discontinued operations | 82,398 |  |  | 63,957 |
Income tax expense | (15,926 | ) |  | (40,406 | )
Income from discontinued operations, net of tax | $ | 66,472 |  |  | $ | 23,551 |
Operating cash flows of discontinued operations | $ | 45,237 |  |  | $ | 155,367 |
Investing cash flows of discontinued operations | $ | (16,007 | ) |  | $ | (40,043 | )
Financing cash flows of discontinued operations | $ | (44,984 | ) |  | $ | (17,306 | )

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