Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The following table summarizes the results of operations classified as income (loss) from discontinued operations related to the WD services segment, net of tax, for the years ended December 31, 2020, 2019 and 2018 (in thousands).

	Year ended December 31,
	2020		2019		2018
Service revenue, net	$	—	$	—	$	264,553
Operating expenses:
Service expense	—		—		248,824
General and administrative (income) expense	1,116		(2,652)		26,400
Asset impairment charge	—		—		9,203
Depreciation and amortization	—		—		11,864
Total operating (benefit) expenses	1,116		(2,652)		296,291
Operating income (loss)	(1,116)		2,652		(31,738)
Other expenses:
Interest expense, net	—		—		35
Gain on foreign currency transactions	—		—		(388)
Other gain	—		—		(87)
Income (loss) from discontinued operations before loss on disposition and income taxes	(1,116)		2,652		(31,298)
Loss on disposition	—		—		(53,692)
(Provision) benefit for income taxes	338		(2,734)		47,937
Loss from discontinued operations, net of tax	$	(778)	$	(82)	$	(37,053)

The total loss on disposition, net of tax, related to the sale of WD Services subsidiaries during the year ended December 31, 2018 is calculated as follows (in thousands):

Total cash received, net of transaction costs and cash sold	$	12,780
Total WD Services net asset value as of transaction date, net of cash sold	(36,499)
Income tax benefit (original estimate before CARES Act impact)	51,861
Gain on sale before reclassification of currency translation, net of tax	28,142
Adjustment for reclassification of currency translation	(29,973)
Loss on disposition, net of tax	$	(1,831)

Assets and liabilities

The following table summarizes the carrying amounts of the major classes of assets and liabilities of discontinued operations in the consolidated balance sheets as of December 31, 2020 and 2019. Amounts represent the accounts of WD Services operations in Saudi Arabia, which were not sold as part of the WD Services Sale.

	December 31,
	2020		2019
Cash and cash equivalents	$	302	$	155
Prepaid expenses and other	456		—
Current assets of discontinued operations	$	758	$	155
Accounts payable	$	—	$	17
Accrued expenses	1,971		1,414
Current liabilities of discontinued operations	$	1,971	$	1,431