ASSETS HELD FOR SALE (Tables)

12 Months Ended

Dec. 31, 2012

Results of Operations and Assets and Liabilities of Disposal Groups

The Company's real estate operations for the year ending December 31, 2010 were reported as an operating segment. For the years ended December 31, 2012 and 2011 these operations have been reclassified as discontinued operations in the current financial statements. Results of discontinued operations for the years ended December 31, 2012, 2011 and 2010 were as follows:

	(In thousands)
	For the years ending December 31,
	2012			2011			2010
Revenues	$	2,037		$	2,147		$	2,411
Operating expenses		1,885			1,468			2,062
Impairment		2,955			3,063			1,540
		4,840			4,531			3,602

Loss before income taxes		(2,803	)		(2,384	)		(1,191	)

Income tax benefit from (provision for)		1,009			(245	)		(123	)

Net loss from discontinued operations	$	(1,794	)	$	(2,629	)	$	(1,314	)

The following assets and liabilities have been segregated and included in the Assets Held for Sale and Liabilities Held for Sale, as appropriate, in the consolidated balance sheets as of December 31, 2012 and 2011:

	(In thousands)
	December 31,		December 31,
	2012		2011
Cash and cash equivalents	$	211	$	170
Accounts receivable		19		13
Prepaid expenses		42		99
Property, plant and equipment, net		14,775		17,730
Restricted investment		120		120
Assets of discontinued operations		15,167		18,132

Corporate aircraft and related facilities		1,884		4,468
Assets held for sale	$	17,051	$	22,600

Accounts payable	$	144	$	117
Accrued and other liabilities		257		220
Long term debt		9,621		9,904
Liabilities held for sale	$	10,022	$	10,241

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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