Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2017

Discontinued Operations [Abstract]

Financial Results Included in Losses from Discontinued Operations

The following table presents financial results of the TPHS business included in "loss from discontinued operations" for the three and nine months ended September 30, 2017 and 2016.

	Three Months Ended September 30,						Nine Months Ended September 30,
(In thousands)		2017			2016		2017			2016
Revenues	$	—		$	23,146		$	—		$	151,897
Cost of services		103			29,003			362			172,725
Selling, general & administrative expenses		137			5,954			294			18,069
Depreciation and amortization		—			3,392			—			24,967
Restructuring and related charges		—			264			—			8,688
Distribution from joint venture		—			—			98			—
Pretax loss on discontinued operations	$	(240	)	$	(15,467	)	$	(558	)	$	(72,552	)
Pretax loss on release of cumulative translation adjustment (1)		—			—			(3,044	)		—
Pretax income (loss) on sale of TPHS business		5,226			(42,209	)		4,782			(205,390	)
Total pretax income (loss) on discontinued operations	$	4,986		$	(57,676	)	$	1,180		$	(277,942	)
Income tax benefit		(1,533	)(2)		(106,751	)(3)		(1,445	)(2)		(98,460	)
Income (loss) from discontinued operations, net of income tax	$	6,519		$	49,075		$	2,625		$	(179,482	)

(1) During the second quarter of 2017, we substantially liquidated foreign entities that were part of our TPHS business, resulting in a release of the cumulative translation adjustment of $3.0 million into loss from discontinued operations.

(2) Income tax benefit for the three months and nine months ended September 30, 2017 includes the effect of a change in the estimate of net U.S. tax incurred on foreign activity classified as discontinued operations.

(3) $68.6 million of the income tax benefit from discontinued operations of $106.8 million recognized in the three months ended September 30, 2016 relates to the release of the valuation allowance on deferred tax assets generated from the net operating losses incurred by the TPHS business for the period January 1, 2016 through the July 31, 2016 closing date.

Depreciation, Amortization and Significant Operating and Investing Non-cash Items of the Discontinued Operations

The depreciation, amortization and significant operating and investing non-cash items of the discontinued operations were as follows: 

	Nine Months Ended September 30,
(In thousands)	2017		2016
Depreciation and amortization on discontinued operations	$	—	$	24,967
Capital expenditures on discontinued operations		—		10,258
Share-based compensation on discontinued operations		—		10,165