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Discontinued Operations
6 Months Ended
Jun. 30, 2013
Discontinued Operations  
Discontinued Operations

(2) Discontinued Operations

 

2013 — During the second quarter of 2013, we closed down our Russian operations and met the criteria for this business to be reported as a discontinued operation.  Accordingly, the operations and cash flows were removed from our consolidated operating results.

 

2012 — On March 9, 2012, we sold substantially all of the assets and certain liabilities of our Federal division.  Also, on October 15, 2012, we sold certain contracts and related property and equipment and certain other assets associated with our information technology outsourcing practice.  Effective with meeting the discontinued operations criteria, the operations and cash flows of these sold businesses were removed from our consolidated operating results.

 

The following table summarizes the operating results of the discontinued operations during the three and six months ended June 30, 2013 and 2012.

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

 

 

(In thousands)

 

Total revenues

 

$

 

$

20,735

 

$

5,424

 

$

60,817

 

Operating expenses

 

4,446

 

20,609

 

9,779

 

61,122

 

Operating income (loss) from discontinued operations

 

(4,446

)

126

 

(4,355

)

(305

)

Interest and other expense

 

 

 

 

90

 

Income (loss) from discontinued operations before income taxes

 

(4,446

)

126

 

(4,355

)

(395

)

Income tax expense

 

109

 

423

 

230

 

705

 

Loss from discontinued operations, net of taxes

 

(4,555

)

(297

)

(4,585

)

(1,100

)

 

 

 

 

 

 

 

 

 

 

Gain on sale

 

 

 

48

 

920

 

Income tax expense

 

 

 

 

200

 

Gain on sale, net of income taxes

 

 

 

48

 

720

 

Total loss from discontinued operations, net of income taxes

 

$

(4,555

)

$

(297

)

$

(4,537

)

$

(380

)