Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2013

DirectStar [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Summary of Assets, Liabilities and Results of Operations from Discontinued Operations

Results from discontinued operations associated with DirectStar for the period indicated were as follows (in millions):

	For the Three Months Ended June 30, 2012			For the Six Months Ended June 30, 2012
Revenue	$	25.3		$	60.2
Income from operations before provision for income taxes	0.8			6.2
Loss on disposal before provision for income taxes	(0.2		)	(0.2		)
Provision for income taxes	$	(0.3	)	$	(2.3	)
Net income from discontinued operations	$	0.3		$	3.7

Globetec [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Summary of Assets, Liabilities and Results of Operations from Discontinued Operations

The following table is a summary of assets and liabilities associated with the Globetec operation as of the dates as indicated (in millions):

	June 30, 2013		December 31, 2012
Assets:
Current assets	$	21.8	$	18.6
Property and equipment, net	2.0		2.0
Other long-term assets	5.5		5.7
Assets of discontinued operations	$	29.3	$	26.3
Liabilities:
Accounts payable and accrued expenses	$	7.2	$	7.0
Other current liabilities	2.7		3.7
Liabilities of discontinued operations	$	9.9	$	10.7

The Globetec business has trade receivables for certain “pay-when-paid” projects that provide for payment through March 2018. These receivables, which are included within assets of discontinued operations, have been recorded at their respective net present values, with the non-current portion recorded within long-term assets of discontinued operations. Imputed interest is reflected within the results of operations from discontinued operations. As of June 30, 2013 and December 31, 2012, $6.0 million and $6.3 million were outstanding, respectively. Of these amounts, approximately $4.0 million and $4.3 million are long-term as of June 30, 2013 and December 31, 2012, respectively.

Certain of Globetec's international subsidiaries obtained short-term financing by factoring their respective accounts receivable. The amounts of receivables sold during the periods ended June 30, 2013 and 2012, and the balances outstanding as of June 30, 2013 and December 31, 2012, were not material.

The following table presents results from discontinued operations associated with the Globetec operation for the periods indicated (in millions):

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2013			2012			2013			2012
Revenue	$	6.9		$	3.4		$	13.2		$	8.7
Loss from operations before benefit from income taxes	(0.9		)	(1.7		)	(2.1		)	(3.2		)
Impairment of assets, disposal group, before benefit from income taxes	(0.3		)	—			(0.3		)	—
Benefit from income taxes	$	0.7		$	0.3		$	1.0		$	0.9
Net loss from discontinued operations	$	(0.5	)	$	(1.4	)	$	(1.4	)	$	(2.3	)