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Discontinued Operations (Tables) | 12 Months Ended
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Dec. 31, 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:
| Years Ended December 31, |
| 2018 |  |  | 2017 |  |  | 2016 |
Revenue | $ | 739,534 |  |  | $ | 908,870 |  |  | $ | 819,572 |
Transportation costs |  | 648,986 |  |  |  | 788,982 |  |  |  | 696,107 |
Gross margin |  | 90,548 |  |  |  | 119,888 |  |  |  | 123,465 |
Costs and expenses: |  |  |  |  |  |  |  |  |  |  |
Salaries and benefits |  | 11,043 |  |  |  | 12,821 |  |  |  | 14,340 |
Agent fees and commissions |  | 56,631 |  |  |  | 73,955 |  |  |  | 72,754 |
General and administrative |  | 5,795 |  |  |  | 8,071 |  |  |  | 7,841 |
Depreciation and amortization |  | 632 |  |  |  | 1,158 |  |  |  | 1,253 |
Total costs and expenses |  | 74,101 |  |  |  | 96,005 |  |  |  | 96,188 |
Operating income from discontinued operations |  | 16,447 |  |  |  | 23,883 |  |  |  | 27,277 |
Other income |  |  |  |  |  |  |  |  |  |  |
Interest income |  | 22 |  |  |  | 67 |  |  |  | 47 |
Other, net |  | (15 | ) |  |  | 56 |  |  |  | 70 |
Gain on Disposition |  | 132,448 |  |  |  | - |  |  |  | - |
Total other income |  | 132,455 |  |  |  | 123 |  |  |  | 117 |
Income from discontinued operations before income taxes |  | 148,902 |  |  |  | 24,006 |  |  |  | 27,394 |
Provision for income taxes |  | 34,823 |  |  |  | 8,867 |  |  |  | 10,235 |
Income from discontinued operations | $ | 114,079 |  |  | $ | 15,139 |  |  | $ | 17,159 |
See the table below for a reconciliation of the gain recorded on the sale of Mode:
Net proceeds received from Disposition (1) | $ | 227,986 |
Consideration receivable due from Mode (2) |  | 18,981 |
Adjusted proceeds from Disposition | $ | 246,967 |
Mode assets: |  |  |
Accounts receivable |  | 173,669 |
Accounts receivable other |  | 22 |
Prepaid expenses |  | 260 |
Property and equipment |  | 2,501 |
Restricted investments |  | 4,467 |
Other intangibles, net |  | 9,033 |
Goodwill, net |  | 29,389 |
Other assets |  | 209 |
Total Mode assets |  | 219,550 |
Mode liabilities: |  |  |
Accounts payable (3) |  | 97,536 |
Accrued payroll |  | 3,072 |
Accrued other |  | 6,285 |
Non-current liabilities |  | 3,936 |
Total Mode liabilities |  | 110,829 |
Transaction costs for Disposition (4) |  | 5,798 |
Gain on sale of the Mode business before income taxes | $ | 132,448 |
| (1) | The proceeds received from the Disposition are net of working capital adjustments outlined in the Disposition agreement.
| (2) | Additional consideration to be received as a result of post close contractual adjustments
| (3) | Includes $2.3 million of bank overdrafts assumed by the Purchaser.
| (4) | Costs include advisory 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 twelve months ended December 31, 2018, 2017 and 2016 are comprised of the following, which exclude the effect of income taxes:
(in thousands) | 2018 |  |  | 2017 |  |  | 2016 |
Net cash (used in) provided by operating activities |  | (4,318 | ) |  |  | 25,147 |  |  |  | 25,183 |
Net cash provided by (used in) investing activities |  | 245,339 |  |  |  | (823 | ) |  |  | (127 | )

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