Discontinued Operations

12 Months Ended

Dec. 31, 2012

DISCONTINUED OPERATIONS: [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure

DISCONTINUED OPERATIONS:

In November 2008, the Company agreed to sell 100% of the share capital of the Company’s wholly-owned, Mexican subsidiary, FCCM, to Viablis, S.A. de C.V. On August 7, 2009, the Company completed the sale of FCCM for a sale price of $2.2 million.

The Company’s Mexican operations described above and its remaining subsidiary, Servicios, are presented as discontinued operations and its results of operations are, therefore, excluded from continuing operations. The net assets, results of operations and cash flows of Servicios were not material as of and for the years ended December 31, 2012, 2011 and 2010. The Company does not expect any material adverse financial impact from Servicios.

The results of discontinued operations in the consolidated statements of operations for the years ended December 31, 2012, 2011 and 2010, were as follows (dollars in thousands):

	2012			2011			2010
Operating revenues	$	—		$	—		$	—
(Loss)/income from discontinued operations before taxes	(118		)	(9		)	2,552
Tax benefit	—			—			(39		)
(Loss)/income from discontinued operations, net of tax	$	(118	)	$	(9	)	$	2,591

Income from discontinued operations for the year ended December 31, 2010 included a net gain of $2.8 million due to the receipt of insurance proceeds in August 2010 related to damages incurred by FCCM as a result of Hurricane Stan in 2005. The Company utilized capital loss carryforwards, which were previously subject to a full valuation allowance, to offset the tax on this gain.