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DISCONTINUED OPERATIONS AND DIVESTITURES (Tables)
 12 Months Ended
Dec. 31, 2012
DISCONTINUED OPERATIONS AND DIVESTITURES [Abstract]  
Results of discontinued operations
The following table summarizes the results of discontinued operations for the years ended December 31, 2012, 2011, and 2010. The gains on disposals of discontinued operations for PFFL and PFO, net of taxes, are reported separately on our Consolidated Statements of Operations as "Gain on disposal of discontinued operations, net of taxes." The operating results of discontinued operations are included in our Consolidated Statements of Operations as part of our "(Loss) income from discontinued operations, net of taxes." Our net income for 2012 included a tax benefit of approximately $530,000 primarily resulting from our net operating loss.

 
 
For The Year Ended December 31,
 
Amount in Thousands
 
2012
  
2011
  
2010
 
 
         
Net revenue
 
$
2,204
  
$
6,931
  
$
9,248
 
Interest Expense
  
(34
)
  
(68
)
  
(84
)
Operating loss from discontinued operations
  
(560
)
  
(366
)
  
(839
)
Income tax benefit
  
(530
)
  
(548
)
  
80
 
Gain on disposal of discontined operations (1)
  
—
   
1,509
   
—
 
Income (loss) from discontinued operations
  
(30
)
  
1,691
   
(919
)

(1)  Net of taxes of $1,276,000 for year ended December 31, 2011.
Disclosure of asset and liabilities of discontinued operations Held-for-sale
The following table presents the major classes of assets and liabilities of discontinued operations that are classified as held for sale as of December 31, 2012 and 2011. The held for sale assets and liabilities may differ at the closing of a sale transaction from the reported balances as of December 31, 2012:

 
December 31,
  
December 31,
 
(Amounts in Thousands)
 
2012
  
2011
 
 
      
Accounts receivable, net (1)
 
$
391
  
$
385
 
Inventories
  
32
   
25
 
Other assets
  
16
   
22
 
Property, plant and equipment, net (2)
  
1,614
   
1,650
 
Total assets held for sale
 
$
2,053
  
$
2,082
 
Accounts payable
 
$
229
  
$
190
 
Accrued expenses and other liabilities
  
528
   
577
 
Note payable
  
71
   
105
 
Environmental liabilities
  
1,373
   
1,497
 
Total liabilities held for sale
 
$
2,201
  
$
2,369
 
 
(1) net of allowance for doubtful accounts of $45,000 and $48,000 as of December 31, 2012, and 2011, respectively.

(2) net of accumulated depreciation of $60,000 and $62,000 as of December 31, 2012, and 2011, respectively.
Disclosure of assets and liabilities of discontinued operations not held for sale
The following table presents the major classes of assets and liabilities of discontinued operations that are not held for sale as of December 31, 2012 and 2011:

 
December 31,
  
December 31,
 
(Amounts in Thousands)
 
2012
  
2011
 
 
      
Other assets
 
$
60
  
$
261
 
Total assets of discontinued operations
 
$
60
  
$
261
 
Accrued expenses and other liabilities
 
$
884
  
$
1,083
 
Accounts payable
  
15
   
15
 
Environmental liabilities
  
241
   
505
 
Total liabilities of discontinued operations
 
$
1,140
  
$
1,603
 
Accrued Environmental Liabilities [Table Text Block]
At December 31, 2012, we had total accrued environmental remediation liabilities of $1,614,000 of which $374,000 is recorded as a current liability, which reflects a decrease of $388,000 from the December 31, 2011 balance of $2,002,000. The net decrease represents payment of approximately $388,000 on remediation projects, increases in reserves of approximately $90,000 at PFD and $33,000 at PFMI and decrease in reserve of approximately $123,000 at PFSG due to reassessment of our remediation reserves. The December 31, 2012, current and long-term accrued environmental balance is recorded as follows (in thousands):

 
 
Current
  
Long-term
    
 
 
Accrual
  
Accrual
  
Total
 
PFD
 
$
7
  
$
92
  
$
99
 
PFM
  
23
   
38
   
61
 
PFSG
  
343
   
1,030
   
1,373
 
PFMI
  
1
   
80
   
81
 
Total Liability
 
$
374
  
$
1,240
  
$
1,614