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DECONSOLIDATION OF SUBSIDIARY | 6 Months Ended
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Jun. 30, 2014
DECONSOLIDATION OF SUBSIDIARY [ABSTRACT] |
DECONSOLIDATION OF SUBSIDIARY | (16) DECONSOLIDATION OF SUBSIDIARY During the second quarter of 2013, the Company concluded that it no longer had controlling influence over Peppers & Rogers Gulf WLL (“PRG Kuwait”), a once consolidated subsidiary in the CSS segment, because the Company was no longer confident that it could exercise its beneficial ownership rights. Upon deconsolidation of PRG Kuwait, the Company wrote off all PRG Kuwait assets and liabilities resulting in a loss of $3.7 million which was recorded during the second quarter of 2013. Effective April 2014, the Company entered into a stock and membership interest purchase agreement with PRG Kuwait's other shareholders to sell its 48% interest in the company for $175 thousand. It is anticipated the stipulations of the agreement will be finalized and the cash received before December 31, 2014.

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- Definition Disclosure related to the deconsolidation of a subsidiary and the associated activity since the deconsolidation. + References No definition available. + Details
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