DISCONTINUED OPERATIONS

6 Months Ended

Jun. 30, 2020

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

3. DISCONTINUED OPERATIONS

In December 2019, we completed the sale of substantially all of our railroad business (“CMQR”), which was previously reported as our Railroad segment. Under ASC 205-20, this disposition met the criteria to be reported as discontinued operations. Accordingly, the results of operations of CMQR have been reported as discontinued operations for all periods presented.

The following table presents the significant components of net income from discontinued operations:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Revenues
Total revenues	$	—	$	9,157	$	—	$	18,890
Expenses
Operating expense	—		7,726		—		15,882
Depreciation and amortization	—		548		—		1,218
Interest expense	—		78		—		647
Total expenses	—		8,352		—		17,747
Gain on sale of assets, net	—		8		1,331		15
Other expense	—		1		—		—
Other income	—		9		1,331		15
Income before income taxes	—		814		1,331		1,158
Provision for income taxes	—		29		—		215
Net income	—		785		1,331		943
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	—		41		—		(15)
Net income attributable to shareholders	$	—	$	744	$	1,331	$	958

The following table presents the significant non-cash items and capital expenditures from discontinued operations:

	Six Months Ended June 30,
	2020		2019
Operating activities:
Depreciation and amortization	$	—	$	1,218
Bad debt expense	—		110
Share-based compensation expense	—		167
Investing activities:
Purchases of property, plant and equipment	$	—	$	2,978