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 and recognized a gain of $0.9 million. During the third quarter of 2014, we sold a funeral home in Ohio and a funeral home in Kentucky for approximately $0.6 million and $1.1 million, respectively, which were reported as held-for-sale at June 30, 2014, and recognized a net gain of approximately $0.7 million. At September 30, 2014, we had no assets classified as held-for-sale.

The operating results of the discontinued businesses for the three and nine months ended September 30, 2013 and 2014, as well as any impairments and net gain 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 September 30,						For the Nine Months Ended September 30,
	2013			2014			2013			2014
Revenues	$	751		$	188		$	3,664		$	815

Operating income	$	66		$	48		$	700		$	236
Impairment	—			—			(100		)	(1,180		)
Net gain on disposal	6,399			685			6,546			1,594
Income tax provision	(2,479		)	(302		)	(2,738		)	(269		)
Income from discontinued operations	$	3,986		$	431		$	4,408		$	381