FairPoint Communications 2013 Annual Report Download - page 99

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97
The Idaho-based operations' assets and liabilities have been classified as held for sale and were recorded as single line items
in the current asset and current liability sections of the consolidated balance sheet at December 31, 2012. A summary of assets
and liabilities held for sale at December 31, 2012 is as follows (in thousands):
December 31, 2012
Assets held for sale:
Accounts receivable, net $ 261
Prepaid expenses 37
Other current assets 3
Property, plant and equipment (net of $4.6 million
accumulated depreciation) 6,441
Other assets 5,807
Total assets held for sale $ 12,549
Liabilities held for sale:
Accounts payable $ 137
Other accrued liabilities 148
Other long-term liabilities 122
Total liabilities held for sale $ 407
The Idaho-based operations are immaterial to the financial results of the consolidated Company and therefore have not been
segregated as discontinued operations in the consolidated statements of operations. Revenue and income before income taxes of
the Idaho-based operations for the years ended December 31, 2013 and December 31, 2012, the 341 days ended December 31,
2011 and the 24 days ended January 24, 2011 are as follows (in thousands):
Predecessor
Company
Year Ended
December 31, 2013 (a) Year Ended
December 31, 2012
Three Hundred
Forty-One
Days Ended
December 31, 2011
Twenty-Four
Days Ended
January 24, 2011
Revenue $ 674 $ 7,874 $ 7,745 $ 626
Income before income taxes 477 3,813 3,363 3,420
(a) Reflects revenue and income before income taxes of the Idaho-based operations for the period of January 1, 2013
through the completion of the transaction on January 31, 2013.
(20) Commitments and Contingencies
(a) Leases
The Company currently leases real estate and fleet vehicles under capital and operating leases expiring through the year
ending 2023. The Company accounts for leases using the straight-line method, which amortizes contracted total payments evenly
over the lease term.