XML 37 R22.htm IDEA: XBRL DOCUMENT v3.3.1.900
Discontinued Operations
12 Months Ended
Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
DISCONTINUED OPERATIONS
The Company's results of discontinued operations consist primarily of pension benefits, adjustments to workers compensation liabilities and other benefits for former employees previously associated with ABX's former freight sorting and aircraft fueling services provided to DHL through 2009. ABX sponsors defined benefit plans for retirees that include the former employees of the hub operations. Additionally, ABX is self-insured for medical coverage and workers' compensation. The Company may incur expenses and cash outlays in the future related to pension obligations, reserves for medical expenses and wage loss for former employees. Carrying amounts of significant assets and liabilities of the discontinued operations are below (in thousands):
 
December 31
 
2015
 
2014
Liabilities
 
 
 
Employee compensation and benefits
$
23,400

 
$
25,997

Post-retirement
10,929

 
10,086

Total Liabilities
$
34,329

 
$
36,083

The revenues and pre-tax earnings of the discontinued operations are below (in thousands):
 
 
December 31
 
 
2015
 
2014
 
2013
Pre-tax earnings (loss)
 
$
3,245

 
$
(3,477
)
 
$
(5
)