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Discontinued Operation (Tables) | 12 Months Ended
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Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations |
| Year ended December 31,
(in thousands) | 2021 |  | 2020 |  | 2019
Sales and merchandising revenues | $ | 116,787 |  |  | $ | 143,816 |  |  | $ | 166,938 |
Cost of sales and merchandising revenues | 88,393 |  |  | 105,091 |  |  | 109,813 |
Gross profit | 28,394 |  |  | 38,725 |  |  | 57,125 |
Operating, administrative and general expenses | 12,350 |  |  | 21,512 |  |  | 27,132 |
Asset impairment | 626 |  |  | — |  |  | — |
Interest expense, net | 8,783 |  |  | 17,491 |  |  | 16,486 |
Other income, net: | 1,020 |  |  | 2,885 |  |  | 1,583 |
Income from discontinued operations before income taxes | 7,655 |  |  | 2,607 |  |  | 15,090 |
Income tax provision | 3,331 |  |  | 651 |  |  | 3,906 |
Income from discontinued operations, net of income taxes | $ | 4,324 |  |  | $ | 1,956 |  |  | $ | 11,184 |
The following table summarizes the assets and liabilities which are classified as held-for-sale in the Consolidated Balance Sheets as of December 31, 2021 and 2020.
(in thousands) | December 31, 2021 |  | December 31, 2020
Assets |  |  |
Current assets: |  |  |
Accounts receivable, net | $ | 12,643 |  |  | $ | 18,508 |
Inventories | 6,739 |  |  | 7,627 |
Other current assets | 1,503 |  |  | 6,524 |
Current assets held-for-sale | 20,885 |  |  | 32,659 |
Other assets: |  |  |
Rail assets leased to others, net | 458 |  |  | 591,946 |
Property, plant and equipment, net | 17,280 |  |  | 18,868 |
Goodwill | 4,167 |  |  | 4,167 |
Other intangible assets, net | 24 |  |  | 2,855 |
Right of use assets, net | 20,999 |  |  | 22,644 |
Other assets, net | 241 |  |  | 2,994 |
Non-current assets held-for-sale | 43,169 |  |  | 643,474 |
Total assets held-for-sale | $ | 64,054 |  |  | $ | 676,133 |
Liabilities |  |  |
Current liabilities: |  |  |
Trade and other payables | $ | 2,546 |  |  | $ | 2,874 |
Customer prepayments and deferred revenue | — |  |  | 1,934 |
Current maturities of long-term debt | — |  |  | 6,109 |
Current operating lease liability | 4,672 |  |  | 6,988 |
Accrued expenses and other current liabilities | 6,161 |  |  | 7,372 |
Current liabilities held-for-sale | 13,379 |  |  | 25,277 |
Long-term lease liabilities | 16,119 |  |  | 17,342 |
Long-term debt, less current maturities | — |  |  | 30,087 |
Other long-term liabilities | — |  |  | 667 |
Non-current liabilities held-for-sale | 16,119 |  |  | 48,096 |
Total liabilities held-for-sale | $ | 29,498 |  |  | $ | 73,373 |
The following table summarizes cash flow data relating to discontinued operations for the years ended December 31, 2021, 2020 and 2019, respectively:
| Year Ended December 31,
(in thousands) | 2021 |  | 2020 |  | 2019
Depreciation and amortization | $ | 21,760 |  |  | $ | 35,573 |  |  | $ | 34,122 |
Capital expenditures | (8,669) |  |  | (32,161) |  |  | (107,081) |
Proceeds from sale of assets | 19,150 |  |  | 10,077 |  |  | 18,090 |
Loss on sale of discontinued operations | 1,491 |  |  | — |  |  | — |
Non-cash operating activities - gain on sale of railcars | (5,603) |  |  | (649) |  |  | (4,122) |
Non-cash operating activities - fixed asset impairment | 626 |  |  | — |  |  | — |
Non-cash investing activities - capital expenditures, consisting of unpaid capital expenditure liabilities at period end | — |  |  | 491 |  |  | 373 |

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