XML 30 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
NOTE 2 - DISCONTINUED OPERATIONS
6 Months Ended
Jun. 28, 2014
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
NOTE 2 – DISCONTINUED OPERATIONS

On November 2, 2012, the Company divested its Land and Right-of-Way division of its Field Solutions segment to Steele & Company, LLC.  On January 3, 2013, the Company completed the divestiture of the Inspection division of its Field Solutions segment to a subsidiary of Furmanite Corporation. 

The operations of the Field Solutions segment (and the smaller Electrical Services division) have been classified as discontinued operations and accordingly, are presented as discontinued operations in the Company's consolidated financial statements. The results of the discontinued operations are shown on the Consolidated Statements of Operations as "Income from discontinued operations, net of taxes" for the six months ended June 29, 2013. There was no impact from discontinued operations in the three months ended June 29, 2013 or the three and six months ended June 28, 2014.  Summarized financial information for the discontinued operations for the three months ended June 29, 2013 is shown below (dollars in thousands):

Revenues
 
$
 
Costs
   
 
Operating income
   
 
SG&A
   
3
 
Other income
   
2,938
 
Total income before taxes
   
2,935
 
Tax expense (benefit)
   
 
Net income
 
$
2,935