Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2014

Summary of operating results and balance sheet data for discontinued operations

The following tables summarize the operating results of discontinued operations (in thousands):

	Three Months Ended September 30, 2014									Three Months Ended September 30, 2013
	Venezuela			Contract Water Treatment Business			Total			Venezuela			Canada			Contract Water Treatment Business			Total
Revenue	$	—		$	—		$	—		$	—		$	—		$	419		$	419
Expenses and selling, general and administrative	84			187			271			423			—			710			1,133
Loss (recovery) attributable to expropriation and impairments	(16,539		)	319			(16,220		)	(16,489		)	—			2,355			(14,134		)
Other (income) loss, net	(1,880		)	—			(1,880		)	(847		)	(598		)	1,032			(413		)
Benefit from income taxes	—			(174		)	(174		)	—			—			(1,288		)	(1,288		)
Income (loss) from discontinued operations, net of tax	$	18,335		$	(332	)	$	18,003		$	16,913		$	598		$	(2,390	)	$	15,121

	Nine Months Ended September 30, 2014									Nine Months Ended September 30, 2013
	Venezuela			Contract Water Treatment Business			Total			Venezuela			Canada			Contract Water Treatment Business			Total
Revenue	$	—		$	—		$	—		$	—		$	24,458		$	3,338		$	27,796
Expenses and selling, general and administrative	329			364			693			731			21,810			2,518			25,059
Loss (recovery) attributable to expropriation and impairments	(49,523		)	319			(49,204		)	(49,916		)	6,000			2,355			(41,561		)
Other (income) loss, net	(5,738		)	(27		)	(5,765		)	(3,439		)	(86		)	1,015			(2,510		)
Provision for (benefit from) income taxes	—			(223		)	(223		)	—			172			(895		)	(723		)
Income (loss) from discontinued operations, net of tax	$	54,932		$	(433	)	$	54,499		$	52,624		$	(3,438	)	$	(1,655	)	$	47,531

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

	September 30, 2014						December 31, 2013
	Venezuela		Contract Water Treatment Business		Total		Venezuela		Contract Water Treatment Business		Total
Cash	$	79	$	—	$	79	$	74	$	—	$	74
Accounts receivable	—		68		68		1		287		288
Inventory	—		36		36		—		50		50
Other current assets	6		—		6		16		14		30
Total current assets associated with discontinued operations	85		104		189		91		351		442
Property, plant and equipment, net	—		—		—		—		560		560
Deferred tax assets	—		18,977		18,977		—		20,358		20,358
Total assets associated with discontinued operations	$	85	$	19,081	$	19,166	$	91	$	21,269	$	21,360

Accounts payable	$	214	$	2	$	216	$	366	$	2	$	368
Accrued liabilities	1,130		691		1,821		1,998		867		2,865
Total current liabilities associated with discontinued operations	1,344		693		2,037		2,364		869		3,233
Other long-term liabilities	291		—		291		447		—		447
Total liabilities associated with discontinued operations	$	1,635	$	693	$	2,328	$	2,811	$	869	$	3,680

- 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