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 2014, we sold a cemetery in Florida and two funeral homes, one in Ohio and one in Kentucky. In 2013, we sold seven funeral homes, one in California, one in Ohio, one in Kentucky and four in Kansas and sold one cemetery in Virginia. At December 31, 2014, we had no assets classified as held-for-sale.

The assets and liabilities associated with the cemetery business held for sale on our Consolidated Balance Sheets at December 31, 2013 consisted of the following (in thousands):



	December 31, 2013
Assets:
Current assets	$	30
Preneed cemetery trust investments	2,477
Preneed receivables	31
Property, plant and equipment, net	311
Cemetery perpetual care trust investments	695
Total	$	3,544

Liabilities:
Current liabilities	$	10
Deferred preneed cemetery revenue	1,185
Deferred preneed cemetery receipts held in trust	2,477
Care trusts' corpus	685
Total	$	4,357

The operating results of the discontinued businesses during the periods presented, as well as any impairments and net gains on the disposals, is presented within discontinued operations on our Consolidated Statements of Operations, along with the income tax effect, as follows (in thousands):



	Year Ended December 31,
	2012			2013			2014
Revenues	$	7,727		$	4,164		$	817

Operating income	2,293			729			235
Impairment	(1,100		)	(100		)	(1,180		)
Net gain on disposal	610			6,091			1,594
Income tax provision	(717		)	(2,544		)	(257		)
Income from discontinued operations, net of tax	$	1,086		$	4,176		$	392