DISCONTINUED OPERATIONS

As discussed in Note B - "Acquisitions and Dispositions," on March 1, 2018, we closed a series of related transactions that resulted in the disposition of our Offshore Division. As a result, we have accounted for our Offshore Division, consisting of our Offshore Services and Maritech segments, as discontinued operations and have revised prior period financial statements to exclude these businesses from continuing operations. A summary of financial information related to our discontinued operations is as follows:

Reconciliation of the Line Items Constituting Pretax Loss from Discontinued Operations to the After-Tax Loss from Discontinued Operations

(in thousands)



	Three Months Ended June 30, 2018									Three Months Ended June 30, 2017
	Offshore Services			Maritech			Total			Offshore Services			Maritech			Total
Major classes of line items constituting pretax loss from discontinued operations
Revenue	$	10		$	—		$	10		$	28,262		$	175		$	28,437
Cost of revenues	(235		)	(98		)	(333		)	27,933			314			28,247
Depreciation, amortization, and accretion	—			—			—			2,463			373			2,836
General and administrative expense	284			—			284			1,594			174			1,768
Other (income) expense, net	55			—			55			2,718			(565		)	2,153
Pretax loss from discontinued operations	(94		)	98			4			(6,446		)	(121		)	(6,567		)
Pretax loss on disposal of discontinued operations							(25		)							—
Total pretax loss from discontinued operations							(21		)							(6,567		)
Income tax expense							—									86
Total loss from discontinued operations							$	(21	)							$	(6,653	)



	Six Months Ended June 30, 2018									Six Months Ended June 30, 2017
	Offshore Services			Maritech			Total			Offshore Services			Maritech			Total
Major classes of line items constituting pretax loss from discontinued operations
Revenue	$	4,487		$	187		$	4,674		$	36,623		$	406		$	37,029
Cost of revenues	10,888			139			11,027			38,672			601			39,273
Depreciation, amortization, and accretion	1,873			212			2,085			5,046			743			5,789
General and administrative expense	1,537			187			1,724			3,063			411			3,474
Other (income) expense, net	78			—			78			2,623			(565		)	2,058
Pretax loss from discontinued operations	(9,889		)	(351		)	(10,240		)	(12,781		)	(784		)	(13,565		)
Pretax loss on disposal of discontinued operations							(33,813		)							—
Total pretax loss from discontinued operations							(44,053		)							(13,565		)
Income tax (benefit) expense							(2,326		)							95
Total loss from discontinued operations							$	(41,727	)							$	(13,660	)

Reconciliation of Major Classes of Assets and Liabilities of the Discontinued Operations to Amounts Presented Separately in the Statement of Financial Position

(in thousands)



	June 30, 2018							December 31, 2017
	Offshore Services		Maritech			Total		Offshore Services		Maritech		Total
Carrying amounts of major classes of assets included as part of discontinued operations
Trade receivables	$	161	$	1,341		$	1,502	$	27,385	$	1,542	$	28,927
Inventories	—		—			—		4,616		—		4,616
Property, plant, and equipment	—		—			—		85,873		—		85,873
Other assets	54		(18		)	36		1,674		44		1,718
Total major classes of assets of the discontinued operations	$	215	$	1,323		$	1,538	$	119,548	$	1,586	$	121,134

Carrying amounts of major classes of liabilities included as part of discontinued operations
Trade payables	1,676		—			1,676		13,942		87		14,029
Accrued liabilities	4,608		2,059			6,667		10,944		2,278		13,222
Decommissioning and other asset retirement obligations	—		—			—		—		46,662		46,662
Total major classes of liabilities of the discontinued operations	$	6,284	$	2,059		$	8,343	$	24,886	$	49,027	$	73,913