Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2012

Summarized financial information of discontinued operations

Summarized financial information for the Company's discontinued operations is as follows (in thousands):

	September 30,		December 31,
	2012		2011
Assets
Cash	$	-	$	5
Accounts receivable - net		-		1,398
Inventories		-		1,355
Other assets		-		424
Total assets of discontinued operations	$	-	$	3,182

Liabilities
Accounts payable and accrued expenses	$	104		674
Accrued salaries and benefits		-		236
Other liabilities		-		15
Total liabilities of discontinued operations	$	104	$	925

Operations	For the three months ended September 30, 2012			For the three months ended September 30, 2011
Total revenues	$	-		$	1,075

Loss from discontinued operations before income taxes	$	(3	)	$	(695	)
Gain on disposition		-			-
(Provision) benefit for income taxes		53			301
Income (loss) from discontinued operations	$	50		$	(394	)

Operations	For the nine months ended September 30, 2012			For the nine months ended September 30, 2011
Total revenues	$	136		$	4,590

Loss from discontinued operations before income taxes	$	(264	)	$	(1,763	)
Gain on disposition		2,588			-
(Provision) benefit for income taxes		(854	)		710
Income (loss) from discontinued operations	$	1,470		$	(1,053	)

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References+ Details