SALE OF TMC ASSETS (Tables)

9 Months Ended

Sep. 28, 2019

SALE OF TMC ASSETS

Summary of revenue, expenses and pre-tax income reclassified to discontinued operations, results of discontinued operations and assets and liabilities held for sale

Revenue, expenses and pre-tax income reclassified to discontinued operations were as follows (amounts in thousands):

	Three Months ended				Nine Months ended
	SEPTEMBER 28,		SEPTEMBER 29,		SEPTEMBER 28,		SEPTEMBER 29,
	2019		2018		2019		2018
Revenue	$	-	$	17,013	$	4,058	$	48,219
Costs and expenses		-		16,005		3,900		44,457
Depreciation, depletion and amortization		-		288		578		862
Selling and administrative		-		907		304		2,718
Gain on sales of equipment		-		3		-		892
(Loss) gain on sale of assets		-		-		5,283		-
Pre-tax (loss) income	$	-	$	(184)	$	4,559	$	1,075

The results of discontinued operations are summarized as follows:

	Three Months ended				Nine Months ended
	SEPTEMBER 28,		SEPTEMBER 29,		SEPTEMBER 28,		SEPTEMBER 29,
	2019		2018		2019		2018
Operating income (loss)	$	-	$	(184)	$	(724)	$	1,075
Gain on sale of assets		-		—		5,283		—
Income tax (benefit) provision		-		(46)		1,255		268
Loss (income) from discontinued operations	$	-	$	(138)	$	3,304	$	806

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

	SEPTEMBER 28,		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 liabilities		—		292
Total liabilities held for sale	$	—	$	4,092