Discontinued Operations

12 Months Ended

Dec. 31, 2014

Discontinued Operations And Disposal Groups [Abstract]

Discontinued Operations

14. Discontinued Operations

In October 2013, the Company sold 100% of the outstanding shares of Greenline, a wholly owned subsidiary of the Company, to CameronTec Intressenter AB. The aggregate purchase price was $11.0 million in cash, including a post-closing working capital adjustment. The Company recognized a gain on the disposition of $7.6 million, net of a tax benefit.

Greenline’s operating results have been classified as discontinued operations in the Consolidated Statement of Operations. The following is a summary of Greenline’s operating results:

	Year Ended December 31,
	2013			2012
	(In thousands)
Revenues	$	6,137		$	7,364
Expenses		6,384			10,048
Loss before income taxes and gain on the sale from discontinued operations		(247	)		(2,684	)
Benefit for income taxes		(58	)		(969	)
Gain on the sale of discontinued operations, net of tax benefit		7,642			—
Income (loss) from discontinued operations	$	7,453		$	(1,715	)