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DISCONTINUED OPERATIONS (Tables)
 12 Months Ended
Dec. 31, 2012
DISCONTINUED OPERATIONS [Abstract]  
Components of Discontinued Operations, Net Of Tax
The following table sets forth the components of "Discontinued operations, net of tax," for 2012, 2011 and 2010 (in thousands):
 
 
2012
 
 
Manufacturing
 
 
Drilling
 
 
Total
 
Revenues
 
$
-
 
 
$
-
 
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pretax income (loss)
 
$
(7,599
)
 
$
(3,603
)
 
$
(11,202
)
Provision (benefit) for taxes on income
 
 
15,751
 
 
 
(4,256
)
 
 
(11,495
)
Discontinued operations, net of tax
 
$
(23,350
)
 
$
653
 
$
(22,697
)

 
 
2011
 
 
 
Manufacturing
 
 
Drilling
 
 
Total
 
Revenues
 
$
224,488
 
 
$
126,957
 
 
$
351,445
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pretax income (loss)
 
$
(8,583
)
 
$
16,623
 
 
$
8,040
 
Provision (benefit) for taxes on income
 
 
1,507
 
 
 
3,426
 
 
 
4,933
 
Income (loss) from discontinued operations, net of tax
 
 
(10,090
)
 
 
13,197
 
 
 
3,107
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pretax gain on sale of discontinued operations
 
 
670,614
 
 
 
212,891
 
 
 
883,505
 
Provision for tax on gain on sale
 
 
226,965
 
 
 
58,545
 
 
 
285,510
 
Gain on sale of discontinued operations, net of tax
 
 
443,649
 
 
 
154,346
 
 
 
597,995
 
Discontinued operations, net of tax
 
$
433,559
 
 
$
167,543
 
 
$
601,102
 

 
2010
 
 
Manufacturing
 
 
Drilling
 
 
Total
 
Revenues
 
$
610,441
 
 
$
191,061
 
 
$
801,502
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pretax income (loss)
 
$
(1,276
)
 
$
20,758
 
 
$
19,482
 
Provision (benefit) for taxes on income
 
 
(569
)
 
 
7,657
 
 
 
7,088
 
Discontinued operations, net of tax
 
$
(707
)
 
$
13,101
 
 
$
12,394
 
 
Assets and Liabilities of Discontinued Operations
The following assets and liabilities have been segregated and included in "Assets of discontinued operations" and "Liabilities of discontinued operations," as appropriate, in the Consolidated Balance Sheets at December 31.  Other assets and deferred revenues in the table below consisted of the land rig retained by the company in the sale of the Company's manufacturing operations and a related customer deposit, respectively (in thousands):


   
2012
  
2011
 
   
Manufacturing
  
Drilling
  
Total
  
Manufacturing
  
Drilling
  
Total
 
                    
Receivables - trade and other
 $-  $-  $-  $-  $4,000  $4,000 
Other assets
  22,954   -   22,954   23,661   -   23,661 
Assets of discontinued operations
 $22,954  $-  $22,954  $23,661  $4,000  $27,661 
                          
Deferred revenues
 $20,122  $-  $20,122  $20,122  $-  $20,122 
Other current liabilities
  1,133   -   1,133   1,183   3,700   4,883 
Liabilities of discontinued operations
 $21,255  $-  $21,255  $21,305  $3,700  $25,005