American Home Shield 2006 Annual Report Download - page 60

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Income (loss) from businesses held pending sale and discontinued operations $ 18,364 $ 14,604 $ (222,232)
Diluted income (loss) from businesses held pending sale and discontinued operations $ 0.06 $ 0.05 $ (0.75)
(1) 2004 includes a $9 million non-cash reduction in the tax provision of businesses held pending sale and discontinued
operations related to a comprehensive agreement with the IRS regarding its examination of the Company's federal income
taxes through the year 2002.
Financial Position: 2005 2004
Current assets $ 135,100 $ 112,501
Long-term assets 77,340 80,397
Total assets $ 212,440 $ 192,898
Current liabilities $ 97,294 $ 91,396
Long-term liabilities 10,130 9,615
Total liabilities $ 107,424 $ 101,011
The table below summarizes the activity during the twelve months ended December 31, 2005 for the remaining liabilities from the
discontinued operations, with $11 million of the decrease during the year reflecting the favorable conclusion of certain obligations
related to the previously sold international pest control operations. The remaining obligations primarily relate to long-term self-
insurance claims. The Company believes that the remaining reserves continue to be adequate and reasonable.
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