Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 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 (in thousands):

	Three Months Ended June 30, 2019			Six Months Ended June 30, 2019
Revenue		$	1,311	$	27,737
Direct costs		479		19,494
Gross profit		832		8,243
Selling, general and administrative expenses		1,424		6,842
Depreciation and amortization		58		307
(Loss) income from discontinued operations		(650)		1,094
Gain on sale of discontinued operations		80,004		80,004
Other income (expense), net		428		(436)
Income from discontinued operations, before income taxes		79,782		80,662
Income tax expense (1)		20,999		2,998
Income from discontinued operations, net of tax		$	58,783	$	77,664

⁽¹⁾ During the three months ended March 31, 2019, we entered into a definitive agreement to sell KGS and recorded $18.5 million to deferred tax assets and income tax benefit 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.