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Discontinued Operations (Tables) | 9 Months Ended
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Sep. 30, 2018
Discontinued Operations And Disposal Groups [Abstract] |
Schedule of Discontinued Operations Relating to Income Statement, Balance Sheet and Cash Flow Activities | Income from discontinued operations is comprised of the following:
| Three Months Ended |  |  | Three Months Ended |  |  | Nine Months Ended |  |  | Nine Months Ended |
| September 30, 2018 |  |  | September 30, 2017 |  |  | September 30, 2018 |  |  | September 30, 2017 |
Revenue | $ | 196,546 |  |  | $ | 228,858 |  |  | $ | 739,534 |  |  | $ | 656,288 |
Transportation costs |  | 172,949 |  |  |  | 198,662 |  |  |  | 648,986 |  |  |  | 567,886 |
Gross margin |  | 23,597 |  |  |  | 30,196 |  |  |  | 90,548 |  |  |  | 88,402 |
Costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and benefits |  | 3,317 |  |  |  | 3,148 |  |  |  | 11,043 |  |  |  | 9,700 |
Agent fees and commissions |  | 15,572 |  |  |  | 19,039 |  |  |  | 56,631 |  |  |  | 54,005 |
General and administrative |  | 1,255 |  |  |  | 1,800 |  |  |  | 5,795 |  |  |  | 5,758 |
Depreciation and amortization |  | 153 |  |  |  | 288 |  |  |  | 632 |  |  |  | 884 |
Total costs and expenses |  | 20,297 |  |  |  | 24,275 |  |  |  | 74,101 |  |  |  | 70,347 |
Operating income from discontinued operations |  | 3,300 |  |  |  | 5,921 |  |  |  | 16,447 |  |  |  | 18,055 |
Other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest and dividend income |  | 3 |  |  |  | 17 |  |  |  | 22 |  |  |  | 56 |
Other, net |  | (1 | ) |  |  | 49 |  |  |  | (15 | ) |  |  | 64 |
Gain on Disposition |  | 113,601 |  |  |  | - |  |  |  | 113,601 |  |  |  | - |
Total other income |  | 113,603 |  |  |  | 66 |  |  |  | 113,608 |  |  |  | 120 |
Income from discontinued operations before income taxes |  | 116,903 |  |  |  | 5,987 |  |  |  | 130,055 |  |  |  | 18,175 |
Provision for income taxes |  | 28,057 |  |  |  | 2,241 |  |  |  | 31,213 |  |  |  | 6,665 |
Income from discontinued operations | $ | 88,846 |  |  | $ | 3,746 |  |  | $ | 98,842 |  |  | $ | 11,510 |
See the table below for a reconciliation of the gain recorded on the sale of Mode LLC:
Net proceeds received from Disposition (1) | $ | 227,986 |
Mode LLC assets: |  |  |
Accounts receivable |  | 173,669 |
Accounts receivable other |  | 22 |
Prepaid expenses |  | 260 |
Property and equipment |  | 2,501 |
Restricted investments |  | 4,467 |
Other intangibles, net |  | 9,032 |
Goodwill, net |  | 29,389 |
Other assets |  | 209 |
Total Mode LLC assets |  | 219,549 |
Mode LLC liabilities: |  |  |
Accounts payable (2) |  | 97,535 |
Accrued payroll |  | 3,072 |
Accrued other |  | 6,286 |
Non-current liabilities |  | 3,936 |
Total Mode LLC liabilities |  | 110,829 |
Transaction costs for Disposition (3) |  | 5,665 |
Gain on sale of the Mode LLC business before income taxes | $ | 113,601 |
| (1) | The proceeds received from the Disposition are net of working capital adjustments outlined in the sale agreement.
| (2) | Includes $2.3 million of bank overdrafts assumed by the Purchaser.
| (3) | Costs include investment bank fees, legal fees and professional fees.
Assets and liabilities classified as held for sale in our Consolidated Balance Sheet are comprised of the following:
|  | December 31, |
|  | 2017 |
Accounts receivable, net |  | $ | 159,314 |
Accounts receivable, other |  |  | 19 |
Prepaid expenses and other current assets |  |  | 283 |
TOTAL CURRENT ASSETS HELD FOR SALE |  |  | 159,616 |
Restricted investments |  |  | 4,038 |
Property and equipment, net |  |  | 937 |
Other intangibles, net |  |  | 9,601 |
Goodwill, net |  |  | 29,389 |
Other assets |  |  | 51 |
TOTAL NON-CURRENT ASSETS HELD FOR SALE |  |  | 44,016 |
TOTAL ASSETS HELD FOR SALE |  | $ | 203,632 |
Accounts payable |  | $ | 99,067 |
Accrued payroll |  |  | 2,320 |
Accrued other |  |  | 5,798 |
TOTAL CURRENT LIABILITIES HELD FOR SALE |  |  | 107,185 |
Non-current liabilities |  |  | 4,328 |
TOTAL LIABILITIES HELD FOR SALE |  | $ | 111,513 |
Total operating and investing cash flows of discontinued operations for the nine months ended September 30, 2018 and 2017 are comprised of the following, which exclude the effect of income taxes:
(in thousands) | 2018 |  |  | 2017 |
Net cash (used in) provided by operating activities |  | (4,184 | ) |  |  | 24,910 |
Net cash (used in) provided by investing activities |  | 226,358 |  |  |  | (235 | )

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