| Schedule of Discontinued Operations |
The following table presents selected financial information regarding the discontinued operations included in the Condensed Consolidated Statement of Operations: | | | | | | | | | | | | | | | | Three months ended September 30, | | Nine months ended September 30, | (in thousands) | 2018 | 2017 | | 2018 | 2017 | Revenue | $ | 50,969 |
| $ | 51,833 |
| | $ | 167,408 |
| $ | 138,463 |
| Cost of operations | 40,597 |
| 40,504 |
| | 130,785 |
| 109,601 |
| Selling, general and administrative | 9,220 |
| 9,885 |
| | 26,244 |
| 31,329 |
| Goodwill impairment | — |
| — |
| | 72,309 |
| — |
| Restructuring charge | — |
| 111 |
| | — |
| 262 |
| Research and development | 424 |
| 398 |
| | 1,180 |
| 1,331 |
| Loss (gain) on asset disposals | (2,234 | ) | — |
| | (2,234 | ) | 2 |
| Operating income (loss) | 2,962 |
| 935 |
| | (60,877 | ) | (4,062 | ) | Net income (loss) | (1,447 | ) | 532 |
| | (60,875 | ) | (3,078 | ) |
The following table presents the major classes of assets that have been presented as assets and liabilities held for sale in our Condensed Consolidated Balance Sheets: | | | | | | | | (in thousands) | September 30, 2018 | December 31, 2017 | Cash and cash equivalents | $ | 17,646 |
| $ | 12,950 |
| Accounts receivable – trade, net | 36,428 |
| 39,196 |
| Accounts receivable – other | 1,873 |
| 157 |
| Contracts in progress | 20,403 |
| 25,409 |
| Inventories | 8,959 |
| 9,245 |
| Other current assets | 4,858 |
| 1,515 |
| Current assets of discontinued operations | 90,167 |
| 88,472 |
| Net property, plant and equipment | 26,365 |
| 27,224 |
| Goodwill | 46,411 |
| 118,720 |
| Deferred income taxes | 1,882 |
| 359 |
| Intangible assets | 32,364 |
| 34,715 |
| Other assets | 2,274 |
| 18 |
| Noncurrent assets of discontinued operations | 109,296 |
| 181,036 |
| Total assets of discontinued operations | $ | 199,463 |
| $ | 269,508 |
| | | | Accounts payable | $ | 13,673 |
| $ | 19,838 |
| Accrued employee benefits | 4,324 |
| 3,095 |
| Advance billings on contracts | 10,199 |
| 9,073 |
| Accrued warranty expense | 4,928 |
| 5,506 |
| Other accrued liabilities | 23,403 |
| 9,987 |
| Current liabilities of discontinued operations | 56,527 |
| 47,499 |
| Pension and other accumulated postretirement benefit liabilities | 6,294 |
| 6,388 |
| Other noncurrent liabilities | 1,833 |
| 6,612 |
| Noncurrent liabilities of discontinued operations | 8,127 |
| 13,000 |
| Total liabilities of discontinued operations | $ | 64,654 |
| $ | 60,499 |
|
The significant components included in our Condensed Consolidated Statements of Cash Flows for the discontinued operations are as follows: | | | | | | | | | Nine months ended September 30, | (in thousands) | 2018 | 2017 | Depreciation and amortization | $ | 3,482 |
| $ | 7,633 |
| Goodwill impairment | 72,309 |
| — |
| Loss (gain) on asset disposals | (2,234 | ) | 2 |
| Benefit from deferred income taxes | (974 | ) | (282 | ) | Purchase of property, plant equipment | (77 | ) | (888 | ) | Acquisition of Universal, net of cash acquired | — |
| (52,547 | ) |
|