DISCONTINUED OPERATIONS

As discussed in Note D - "Acquisitions and Dispositions," on March 1, 2018, we closed a series of related transactions that resulted in the disposition of our Offshore Division. As a result, we have accounted for our Offshore Division, consisting of our Offshore Services and Maritech segments, as discontinued operations and have revised prior period financial statements to exclude these businesses from continuing operations. A summary of financial information related to our discontinued operations is as follows:

Reconciliation of the Line Items Constituting Pretax Loss from Discontinued Operations to the After-Tax Loss from Discontinued Operations

(in thousands)



	Three Months Ended September 30, 2018								Three Months Ended September 30, 2017
	Offshore Services			Maritech		Total			Offshore Services			Maritech			Total
Major classes of line items constituting pretax loss from discontinued operations
Revenue	$	—		$	—	$	—		$	32,667		$	21		$	32,688
Cost of revenues	125			—		125			28,190			386			28,576
Depreciation, amortization, and accretion	—			—		—			2,886			372			3,258
General and administrative expense	192			—		192			1,345			177			1,522
Other (income) expense, net	(1,113		)	—		(1,113		)	(206		)	—			(206		)
Pretax income (loss) from discontinued operations	796			—		796			452			(914		)	(462		)
Income tax expense						—									19
Total income (loss) from discontinued operations						$	796								$	(481	)



	Nine Months Ended September 30, 2018									Nine Months Ended September 30, 2017
	Offshore Services			Maritech			Total			Offshore Services			Maritech			Total
Major classes of line items constituting pretax loss from discontinued operations
Revenue	$	4,487		$	187		$	4,674		$	69,290		$	427		$	69,717
Cost of revenues	11,013			139			11,152			66,862			987			67,849
Depreciation, amortization, and accretion	1,873			212			2,085			7,932			1,115			9,047
General and administrative expense	1,729			187			1,916			4,408			588			4,996
Other (income) expense, net	(1,035		)	—			(1,035		)	2,417			(565		)	1,852
Pretax loss from discontinued operations	(9,093		)	(351		)	(9,444		)	(12,329		)	(1,698		)	(14,027		)
Pretax loss on disposal of discontinued operations							(33,813		)							—
Total pretax loss from discontinued operations							(43,257		)							(14,027		)
Income tax (benefit) expense							(2,326		)							114
Total loss from discontinued operations							$	(40,931	)							$	(14,141	)

Reconciliation of Major Classes of Assets and Liabilities of the Discontinued Operations to Amounts Presented Separately in the Statement of Financial Position

(in thousands)



	September 30, 2018							December 31, 2017
	Offshore Services			Maritech		Total		Offshore Services		Maritech		Total
Carrying amounts of major classes of assets included as part of discontinued operations
Trade receivables	$	(53	)	$	1,341	$	1,288	$	27,385	$	1,542	$	28,927
Inventories	—			—		—		4,616		—		4,616
Other Current Assets	13			—		13		1,292		44		1,336
Current assets of discontinued operations	(40		)	1,341		1,301		33,293		1,586		34,879
Property, plant, and equipment	—			—		—		85,873		—		85,873
Other assets	—			—		—		382		—		382
Long-term assets of discontinued operations	$	—		$	—	$	—	$	86,255	$	—	$	86,255
Total major classes of assets of the discontinued operations	$	(40	)	$	1,341	$	1,301	$	119,548	$	1,586	$	121,134

Carrying amounts of major classes of liabilities included as part of discontinued operations
Trade payables	—			—		—		13,942		87		14,029
Accrued liabilities	1,495			2,075		3,570		8,904		2,278		11,182
Current portion of decommissioning liability	—			—		—		—		477		477
Current liabilities of discontinued operations	1,495			2,075		3,570		22,846		2,842		25,688
Decommissioning and other asset retirement obligations	—			—		—		—		46,185		46,185
Other liabilities	—			—		—		2,040		—		2,040
Long-term liabilities of discontinued operations	—			—		—		2,040		46,185		48,225
Total major classes of liabilities of the discontinued operations	$	1,495		$	2,075	$	3,570	$	24,886	$	49,027	$	73,913