ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS

We continually review locations to optimize the sustainable earning power and return on our invested capital. These reviews could entail selling certain non-strategic businesses.

During the first quarter of 2014, we sold a cemetery in Florida which was reported as held-for-sale at December 31, 2013 for approximately $0.2 million in cash.

As of June 30, 2014, we had letters of intent outstanding on funeral homes in Ohio and Kentucky; as such, these businesses are no longer reported within our continuing operations. The assets and liabilities associated with these businesses are included in Assets held for sale and Liabilities associated with assets held for sale on our Consolidated Balance Sheet at June 30, 2014 and the operating results are presented on a comparative basis within discontinued operations on our Consolidated Statements of Operations.

Assets and liabilities associated with the businesses held for sale on our Consolidated Balance Sheets at December 31, 2013 and June 30, 2014 consisted of the following (in thousands):



	December 31, 2013		June 30, 2014
Assets:
Current assets	$	30	$	7
Preneed cemetery trust investments	2,477		—
Preneed funeral trust investments	—		137
Preneed receivables	31		—
Property, plant and equipment, net	311		1,193
Goodwill	—		17
Cemetery perpetual care trust investments	695		—
Total	$	3,544	$	1,354

Liabilities:
Current liabilities	$	10	$	34
Deferred preneed cemetery revenue	1,185		—
Deferred preneed funeral revenue	—		189
Deferred preneed cemetery receipts held in trust	2,477		—
Deferred preneed funeral receipts held in trust	—		137
Care trusts corpus	685		—
Total	$	4,357	$	360

The operating results of the discontinued businesses for the three and six months ended June 30, 2013 and 2014, as well as the gain or loss on the disposal, is presented within discontinued operations on our Consolidated Statements of Operations, along with the income tax effect, as follows (in thousands):



	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2013			2014			2013			2014
Revenues	$	1,289		$	380		$	2,913		$	627

Operating income	$	287		$	136		$	633		$	188
Gain (loss) on disposition	630			(1,180		)	47			(271		)
Income tax (provision) benefit	(349		)	407			(257		)	32
Income (loss) from discontinued operations	$	568		$	(637	)	$	423		$	(51	)