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Discontinued Operations
 9 Months Ended
Sep. 30, 2013
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 three and nine months ended September 30, 2012.

 

Loss from discontinued operations for the three and nine months ended September 30, 2013 primarily comprises changes in the fair value of our indemnification liabilities related to the Sale, net of a $1.2 million and $2.7 million income tax benefit, respectively.  The following is a summary of SS/L’s financial information included in income from discontinued operations for the three and nine months ended September 30, 2012 (in thousands):

 

 

 

 

 

 

 

 

Three Months Ended
September 30, 2012

 

Nine Months Ended
September 30, 2012

Revenues

$
280,305 

 

$
861,395 

Operating income

 
4,665 

 

 
15,788 

Income before income taxes

 
9,127 

 

 
34,165 

Income tax provision

 
(4,856)

 

 
(16,449)

Income from discontinued operations, net of tax

$
4,271 

 

$
17,716