Discontinued Operations (Tables)

11 Months Ended

Nov. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Summary of results of discontinued operations

A summary of the results of discontinued operations for National Beef is as follows (in thousands):

	Period Ended June 4, 2018 (1)		Twelve Months Ended December 31, 2017		Twelve Months Ended December 31, 2016
Revenues:
Beef processing services	$	3,137,611	$	7,353,663	$	7,021,902
Interest income	131		339		166
Other	4,329		4,946		5,175
Total revenues	3,142,071		7,358,948		7,027,243
Expenses:
Compensation and benefits	17,414		39,884		39,271
Cost of sales	2,884,983		6,764,055		6,513,768
Interest expense	4,316		6,657		12,946
Depreciation and amortization	43,959		98,515		94,482
Selling, general and other expenses	14,291		42,525		37,754
Total expenses	2,964,963		6,951,636		6,698,221
Income from discontinued operations before income taxes	177,108		407,312		329,022
Income tax provision	47,045		118,681		96,336
Income from discontinued operations, net of income tax provision	$	130,063	$	288,631	$	232,686

(1) The operations of National Beef from January 1, 2018 through June 4, 2018, are included in discontinued operations for our eleven months ended November 30, 2018.