Discontinued Operations

12 Months Ended

Dec. 31, 2012

Discontinued Operations [Abstract]

Discontinued Operations

3. Discontinued Operations

As a result of the Sale, (see Note 1), we have reclassified SS/L’s operations as discontinued operations in our consolidated financial statements for the years ended December 31, 2012, 2011 and 2010.

The following is a summary of SS/L’s assets and liabilities disposed of onNovember 2, 2012 (in thousands):

	November 2,
	2012
Assets
Current assets	$	389,882
Property, plant and equipment, net		217,905
Long-term receivables		352,298
Other assets		72,499
Total assets	$	1,032,584

Liabilities
Current liabilities	$	453,301
Pension and other postretirement liabilities		244,121
Long-term liabilities		28,494
Total liabilities	$	725,916

The following is a summary of SS/L’s financial information included in income from discontinued operations (in thousands):

	Year Ended December 31,
	2012		2011			2010
Revenues	$	940,347	$	1,107,365	$	1,158,985
Operating income		3,441		106,661		106,935
Income before income taxes		22,167		122,336		116,275
Income tax provision		(10,157)		(47,770)		(16,523)
Net income		12,010		74,566		99,752
Gain on Sale		576,090		—		—
Income tax provision on Sale		(267,451)		—		—
Gain on Sale, net of tax		308,639		—		—
Income from discontinued operations, net of tax	$	320,649	$	74,566	$	99,752