EQUITY METHOD INVESTMENTS

12 Months Ended

Dec. 31, 2016

Equity Method Investment Summarized Financial Information Equity [Abstract]

NOTE 9—EQUITY METHOD INVESTMENTS

Our consolidated net income includes our proportionate share of the net income or loss of our equity method investees. We do not have any investments accounted for under the equity method that are considered individually material. None of the equity method investees are listed on a stock exchange.

Summarized 100 percent balance sheet information for investments in equity method investees, combined, are set forth below:

	December 31, 2016		December 31, 2015
	(In thousands)
Current Assets	$	74,430	$	133,171
Noncurrent Assets		124,862		189,536
Total Assets	$	199,292	$	322,707
Current Liabilities	$	91,268	$	176,165
Noncurrent Liabilities		86,963		112,162
Total Liabilities	$	178,231	$	288,327

Summarized 100 percent income statement information for investments in equity method investees, combined, are set forth below:

	Year Ended December 31,
	2016			2015			2014
	(In thousands)
Revenues	$	111,847		$	107,795		$	294,408
Cost of operations		87,335			105,465			275,015
Gross Profit		24,512			2,330			19,393
Net Income (loss)	$	(8,609	)	$	(38,245	)	$	(28,773	)

Our share of income taxes incurred directly by an equity company is reported in equity in earnings of equity method investee, and as such is not included in income taxes in our Consolidated Financial Statements.

During the third quarter of 2016, we exited our investment in THHE Fabricators Sdn. Bhd. and recorded a $12 million decrease in Investments in unconsolidated affiliates and a $5 million gain in Other income (expense), net in our ASA segment. For further discussion see Note 17, Stockholders’ Equity.