DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Components of Income from Discontinued Operations, Net of Tax and Assets and Liabilities of Discontinued Operations

Income from discontinued operations, net of income tax, from the date of the Furmanite acquisition, consists of the following (in thousands):

	Three Months Ended September 30, 2016		Nine Months Ended September 30, 2016
	(unaudited)		(unaudited)
Revenues	$	14,868	$	36,542
Operating expenses	13,777		33,738
Gross margin	1,091		2,804
Selling, general and administrative expenses	554		1,412
Income from discontinued operations, before income tax	537		1,392
Less: Provision for income taxes	221		564
Income from discontinued operations, net of income tax	$	316	$	828

Assets and liabilities of discontinued operations classified as held for sale in the condensed consolidated balance sheet as of September 30, 2016 consist of the following (in thousands):

	September 30, 2016
	(unaudited)
Current assets of discontinued operations:
Receivables	$	12,110
Prepayments and other assets	215
Total assets of discontinued operations	12,325
Current liabilities of discontinued operations:
Other accrued liabilities	$	1,065

As discussed in Note 2, the Furmanite purchase price allocation is based on provisional measurements and is subject to change. Accordingly, the amounts of assets and liabilities attributable to discontinued operations may be adjusted upon completion of the final valuation of the acquisition.