Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Pretax Profit for GS Segment

The following table summarizes the line items of pretax profit of the GS segment for the three months ended March 31, 2019 (in thousands):

Revenue	$	26,426
Direct costs	19,015
Gross profit	7,411
Selling, general and administrative expenses	5,432
Depreciation and amortization	235
Income from discontinued operations	1,744
Other expense, net	864
Income from discontinued operations, before income taxes	880
Income tax benefit (1)	18,001
Income from discontinued operations, net of tax	$	18,881

⁽¹⁾ During the three months ended March 31, 2019, we entered into a definitive agreement to sell KGS and recorded an increase of $18.5 million to deferred tax assets since it became apparent that the temporary difference for the excess of the outside tax basis in the equity of KGS over the amount of the inside basis in the assets of KGS would reverse in the foreseeable future. This deferred tax asset of $18.5 million was utilized and recorded as income tax expense during the three months ended June 30, 2019 when the divestiture was completed.