Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2012

Summary of operating results and balance sheet data for discontinued operations

The table below summarizes the operating results of the discontinued operations (in thousands):

	Years Ended December 31,
	2012									2011									2010
	Venezuela			Canada			Total			Venezuela			Canada			Total			Venezuela			Canada			Total
Revenue	$	—		$	50,557		$	50,557		$	—		$	53,591		$	53,591		$	2,940		$	44,350		$	47,290
Expenses and selling, general and administrative	1,275			50,521			51,796			1,302			59,421			60,723			5,892			52,559			58,451
Loss (recovery) attributable to expropriation, impairments and inventory write downs	(136,947		)	80,159			(56,788		)	3,092			944			4,036			(38,925		)	3,029			(35,896		)
Other (income) loss, net	(219		)	(130		)	(349		)	(150		)	228			78			(12,145		)	(2,350		)	(14,495		)
Provision for (benefit from) income taxes	(13,509		)	2,564			(10,945		)	1,719			(2,860		)	(1,141		)	2,795			(4,304		)	(1,509		)
Income (loss) from discontinued operations, net of tax	$	149,400		$	(82,557	)	$	66,843		$	(5,963	)	$	(4,142	)	$	(10,105	)	$	45,323		$	(4,584	)	$	40,739

The table below summarizes the balance sheet data for discontinued operations (in thousands):

	December 31,
	2012						2011
	Venezuela		Canada		Total		Venezuela		Canada		Total
Cash	$	113	$	791	$	904	$	304	$	135	$	439
Accounts receivable	17		9,148		9,165		9		13,973		13,982
Inventory	—		9,826		9,826		1,017		19,590		20,607
Other current assets	41		1,810		1,851		2,683		953		3,636
Total currents assets associated with discontinued operations	171		21,575		21,746		4,013		34,651		38,664
Property, plant and equipment	—		—		—		—		69,788		69,788
Intangible and other long-term assets	—		—		—		—		9,432		9,432
Total assets associated with discontinued operations	$	171	$	21,575	$	21,746	$	4,013	$	113,871	$	117,884

Accounts payable	$	499	$	3,345	$	3,844	$	589	$	5,515	$	6,104
Accrued liabilities	4,335		2,724		7,059		4,295		3,924		8,219
Deferred revenue	—		669		669		1,499		320		1,819
Total currents liabilities associated with discontinued operations	4,834		6,738		11,572		6,383		9,759		16,142
Other long-term liabilities	455		589		1,044		14,140		548		14,688
Total liabilities associated with discontinued operations	$	5,289	$	7,327	$	12,616	$	20,523	$	10,307	$	30,830

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References+ Details