15. On February 1, 2019, the Company and certain of its subsidiaries sold substantially all of the real property, tangible personal property and executory contracts of TMC’s ready-mix business and the operations of Daniels Sand Company (Daniels) to Aggregate Industries — WCR, Inc. (the Buyer), a Colorado corporation for $27,129,000. The purchase price was paid to the Company on February 1, 2019 less certain amounts to be held in escrow, as provided in the Asset Purchase Agreement among the Company parties and the Buyer (Purchase Agreement), to secure the Company’s obligations to pay its working capital adjustment and indemnification obligations under the Purchase Agreement. The working capital adjustment has not been finalized as of March 30, 2019 and will impact the final gain on the sale. The escrow also retained amounts to be held pending the subdivision of certain real property to be sold to the Buyer at a subsequent date as included in the Purchase Agreement. Combined escrow amounts of $2,049,000 were included in Other current assets in the Consolidated Balance Sheet at March 30, 2019.

The Company retained the aggregates operations and retail building materials business of TMC and all related assets and liabilities. These operations include the Pikeview quarry business located in Colorado Springs, the aggregates mining business located in Pueblo, the sand and gravel mining business located in Fremont County, and the retail building materials business at sites located in Colorado Springs and Pueblo.

In the quarter ended March 30, 2019, the Company recorded a $6,508,000 pre-tax gain on the sale of TMC assets. The operations of the ready-mix and Daniels sand businesses were classified as discontinued operations and assets held for sale for all periods presented. General corporate overhead charges were not allocated to discontinued operations. Revenue, expenses and pre-tax income reclassified to discontinued operations were as follows (amounts in thousands):


	MARCH 30,		MARCH 31,
	2019		2018
Revenue	$	4,058	$	13,463
Costs and expenses		3,900		12,940
Depreciation, depletion and amortization		578		271
Selling and administrative		304		922

Pre-tax income (loss)	$	5,784	$	(670)

The results of discontinued operations are summarized as follows:


	MARCH 30,		MARCH 31,
	2019		2018
Operating (loss)	$	(724)	$	(670)
Gain on sale of assets		6,508		—
Income tax provision (benefit)		1,562		(167)
Income (loss) from discontinued operations	$	4,222	$	(503)

The assets and liabilities held for sale related to TMC’s ready-mix and Daniels sand businesses were as follows:


	MARCH 30,		DECEMBER 29,
	2019		2018
Accounts receivable, net	$	—	$	9,054
Inventory		—		1,914
Property, plant and equipment, net		—		6,741
Other assets		—		6,327
Total assets held for sale	$	—	$	24,036

Accounts payable and accrued expenses	$		$	3,800
Other long-term liabilites		—		292
Total liabilites held for sale	$	—	$	4,092