Discontinued Operations

6 Months Ended

Jun. 30, 2016

Discontinued Operations And Disposal Groups [Abstract]

Discontinued Operations

Note 3. Discontinued Operations

During the second quarter of 2016, the Company entered into the Agreement with Dycom, pursuant to which the Company agreed to sell certain Assets to Dycom, and Dycom agreed to assume certain liabilities of the Company, related to the Company’s former wireless network deployment and wireline businesses within the Infrastructure Services segment.  As a result, the Company has classified the results of the wireless network deployment and the wireline businesses as discontinued operations in the consolidated statements of operations and comprehensive loss for all periods presented. Additionally, the related assets and liabilities associated with the discontinued operations are classified as held for sale in the consolidated balance sheets.  On July 6, 2016, the Company completed the sale of the Assets to Dycom pursuant to the terms and conditions of the Agreement, as amended. The financial results of the Assets sold within the Infrastructure Services segment are presented as Assets held for sale. The following table presents the aggregate carrying amounts of the classes of held for sale assets and liabilities as of December 31, 2015 and June 30, 2016.

	December 31, 2015		June 30, 2016
	(In thousands)
Carrying amounts of assets included as part of discontinued operations:
Accounts receivable, net	$	7,633	$	5,069
Unbilled revenue on completed projects		11,060		8,078
Costs in excess of billings on uncompleted projects		17,632		10,929
Inventories		5,177		5,303
Prepaid expenses and other current assets		247		1,725
Property and equipment, net		2,053		1,595
Deposits and other assets		196		389
Goodwill		1,882		1,882
Total assets classified as held for sale in the consolidated balance sheets	$	45,880	$	34,970
Carrying amounts of liabilities included as part of discontinued operations:
Accounts payable		22,138		19,237
Accrued expenses		3,004		1,633
Billings in excess of costs on uncompleted projects		3,131		1,916
Deferred rent - short term		64		67
Other non-current liability		79		308
Deferred rent - long term		246		319
Total liabilities classified as held for sale in the consolidated balance sheets	$	28,662	$	23,480

The following table presents the financial results related to discontinued operations for the three and six months ended June 30, 2016 (in thousands):

	Three Months Ended June 30,					Six Months Ended June 30,
	2015		2016			2015		2016
Revenues	$	105,507	$	42,501		$	239,048	$	85,396
Cost of revenues		91,502		38,939			216,717		76,789
Gross profit (exclusive of depreciation and amortization    included in selling, general and administrative expense    shown below)		14,005		3,562			22,331		8,607
Selling, general and administrative expenses		4,125		3,797			9,099		8,916
Restructuring expense		409		479			1,366		940
Impairment expense		—		—			633		281
Operating income (loss)		9,471		(714	)		11,233		(1,530	)
Loss before income taxes		9,471		(714	)		11,233		(1,530	)
Income (loss) tax expense		36		9			57		21
Net income (loss) from discontinued operations	$	9,435	$	(723	)	$	11,176	$	(1,551	)

The following table presents the cash flow related to discontinued operations for the six months ended June 30, 2016 (in thousands):

	Six Months Ended June 30,
	2015			2016
Net cash provided by discontinued operating activities	$	17,094		$	4,733
Net cash used in discontinued investing activities		(488	)		(556	)
Net cash provided by (used in) discontinued financing activities		—			—