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Discontinued Operations
 9 Months Ended
Sep. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
3. Discontinued Operations
 
In August 2012, our Venezuelan subsidiary sold its previously nationalized assets to PDVSA Gas, S.A. (“PDVSA Gas”) for a purchase price of approximately $441.7 million. We received installment payments, including an annual charge, totaling $18.9 million and $18.2 million during the three months ended September 30, 2015 and 2014, respectively, and $37.6 million and $54.1 million during the nine months ended September 30, 2015 and 2014, respectively. The remaining principal amount due to us of approximately $83 million as of September 30, 2015, is payable in quarterly cash installments through the third quarter of 2016. We have not recognized amounts payable to us by PDVSA Gas as a receivable and will therefore recognize quarterly payments received in the future as income from discontinued operations in the periods such payments are received. In October 2015, we received an additional installment payment, including an annual charge, of $19.1 million. The proceeds from the sale of the assets are not subject to Venezuelan national taxes due to an exemption allowed under the Venezuelan Reserve Law applicable to expropriation settlements. In addition, and in connection with the sale, we and the Venezuelan government agreed to waive rights to assert certain claims against each other.
 
In connection with the sale of these assets, we have agreed to suspend the arbitration proceeding previously filed by our Spanish subsidiary against Venezuela pending payment in full by PDVSA Gas of the purchase price for these nationalized assets.
 
In December 2013, we abandoned our contract water treatment business as part of our continued emphasis on simplification and focus on our core businesses. The abandonment of this business meets the criteria established for recognition as discontinued operations under GAAP. Therefore, our contract water treatment business is reflected as discontinued operations in our condensed consolidated financial statements. This business was previously included in our North American contract operations business segment.

The following tables summarize the operating results of discontinued operations (in thousands):
 
 
Three Months Ended September 30, 2015
 
Three Months Ended September 30, 2014
 
Venezuela
 
Contract
Water
Treatment
Business
 
Total
 
Venezuela
 
Contract
Water
Treatment
Business
 
Total
Revenue
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Expenses and selling, general and administrative
132

 
(32
)
 
100

 
84

 
187

 
271

Loss (recovery) attributable to expropriation and impairments
(16,541
)
 
—

 
(16,541
)
 
(16,539
)
 
319

 
(16,220
)
Other (income) loss, net
(2,347
)
 
—

 
(2,347
)
 
(1,880
)
 
—

 
(1,880
)
Provision for (benefit from) income taxes
—

 
12

 
12

 
—

 
(174
)
 
(174
)
Income (loss) from discontinued operations, net of tax
$
18,756

 
$
20

 
$
18,776

 
$
18,335

 
$
(332
)
 
$
18,003

 
 
Nine Months Ended September 30, 2015
 
Nine Months Ended September 30, 2014
 
Venezuela
 
Contract
Water
Treatment
Business
 
Total
 
Venezuela
 
Contract
Water
Treatment
Business
 
Total
Revenue
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Expenses and selling, general and administrative
366

 
227

 
593

 
329

 
364

 
693

Loss (recovery) attributable to expropriation and impairments
(33,523
)
 
—

 
(33,523
)
 
(49,523
)
 
319

 
(49,204
)
Other (income) loss, net
(4,721
)
 
—

 
(4,721
)
 
(5,738
)
 
(27
)
 
(5,765
)
Benefit from income taxes
—

 
(92
)
 
(92
)
 
—

 
(223
)
 
(223
)
Income (loss) from discontinued operations, net of tax
$
37,878

 
$
(135
)
 
$
37,743

 
$
54,932

 
$
(433
)
 
$
54,499

 
The following table summarizes the balance sheet data for discontinued operations (in thousands):
 
 
September 30, 2015
 
December 31, 2014
 
Venezuela
 
Contract
Water
Treatment
Business
 
Total
 
Venezuela
 
Contract
Water
Treatment
Business
 
Total
Cash
$
220

 
$
—

 
$
220

 
$
431

 
$
—

 
$
431

Accounts receivable
4

 
—

 
4

 
2

 
69

 
71

Other current assets
39

 
—

 
39

 
35

 
—

 
35

Total current assets associated with discontinued operations
263

 
—

 
263

 
468

 
69

 
537

Deferred tax assets
—

 
15,996

 
15,996

 
—

 
17,469

 
17,469

Total assets associated with discontinued operations
$
263

 
$
15,996

 
$
16,259

 
$
468

 
$
17,538

 
$
18,006

Accounts payable
$
—

 
$
—

 
$
—

 
$
214

 
$
1

 
$
215

Accrued liabilities
672

 
5

 
677

 
1,124

 
727

 
1,851

Total current liabilities associated with discontinued operations
672

 
5

 
677

 
1,338

 
728

 
2,066

Other long-term liabilities
162

 
—

 
162

 
317

 
—

 
317

Total liabilities associated with discontinued operations
$
834

 
$
5

 
$
839

 
$
1,655

 
$
728

 
$
2,383