Discontinued Operations

3 Months Ended

Mar. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

Globetec

In 2012, the Company's board of directors approved a plan of sale for its Globetec business. Accordingly, Globetec's projects and assets are reflected as assets and liabilities of discontinued operations in the condensed unaudited consolidated balance sheets for all periods presented, and Globetec's results of operations are presented as discontinued operations in the condensed unaudited consolidated statements of operations for all periods presented. Effective August 31, 2013, the Company sold all of its membership interests in Globetec for nominal consideration and retained certain contingent assets and liabilities. Additionally, the Company has $15.9 million of outstanding surety bonds associated with Globetec as of March 31, 2014 for projects that Globetec has either completed or expects to complete in 2014. The expected cost to complete these projects was estimated to be $0.5 million as of March 31, 2014. The Company believes that there was an insignificant amount at risk under these surety bonds as of March 31, 2014. The Company is not obligated and does not intend to support Globetec in the future.

The following table contains a summary of the contingent assets and liabilities associated with Globetec that were retained by the Company as of March 31, 2014 and as of December 31, 2013 (in millions):

	March 31, 2014		December 31, 2013
Current assets	$	3.4	$	2.3
Long-term assets	10.1		10.1
Assets of discontinued operations	$	13.5	$	12.4
Current liabilities of discontinued operations	$	1.3	$	1.2

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

	For the Three Months Ended March 31, 2013
Revenue	$	6.3
Loss from operations, before tax	(1.2		)
Benefit from income taxes	0.3
Net loss from discontinued operations	$	(0.9	)