Discontinued Operations and Assets Held for Sale

9 Months Ended

Sep. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations and Assets Held for Sale

Discontinued Operations and Assets Held For Sale

Discontinued Operations

Loss from discontinued operations, net of tax for the nine months ended September 30, 2015 consisted of post-closing adjustments in connection with the sale of our Management Services business in 2014.

The table below shows selected financial information for discontinued operations for the three and nine months ended September 30,2014:

	Three Months Ended September 30, 2014
	PBMS			IMS		Nordic furniture business		DIS			Total
Revenue	$	—		$	—	$	—	$	—		$	—
Income from operations before taxes	$	(858	)	$	—	$	—	$	(297	)	$	(1,155	)
Gain (loss) on sale	2,971			—		—		(19		)	2,952
Income (loss) before taxes	2,113			—		—		(316		)	1,797
Tax (benefit) provision	(5,149		)	—		—		85			(5,064		)
Net income (loss)	$	7,262		$	—	$	—	$	(401	)	$	6,861
Capital Services, net of tax											13,794
Income from discontinued operations											$	20,655

	Nine Months Ended September 30, 2014
	PBMS			IMS		Nordic furniture business		DIS		Total
Revenue	$	—		$	—	$	—	$	19,858	$	19,858
(Loss) income before taxes	$	(524	)	$	308	$	345	$	3,132	$	3,261
Gain on sale	3,101			1,994		—		25,179		30,274
Income before taxes	2,577			2,302		345		28,311		33,535
Tax (benefit) provision	(4,953		)	851		97		21,161		17,156
Net income	$	7,530		$	1,451	$	248	$	7,150	$	16,379
Capital Services, net of tax										13,794
Income from discontinued operations										$	30,173

Assets Held for Sale

Assets held for sale at December 31, 2014 included the fair value of our former corporate headquarters building and the value of a lease portfolio. The lease portfolio was sold in January 2015 and the corporate headquarters building was sold in June 2015 (see Note 10 for further details).