Discontinued operations

Discontinued operations

Divisions of a business that have been sold or written off and that no longer are maintained by the business.

Discontinued Operations

Divisions within a business that have either stopped operations due to lack of profitability or have been sold. A business may discontinue operations of a division if it loses money for the business or if it wishes to expand in other directions, among other reasons. The Financial Accounting Standards Board requires publicly-traded companies to report earnings per share of all divisions in its business, including discontinued operations. See also: Cost accounting.
References in periodicals archive ?
This portfolio of businesses referred to as Campbell International, which was previously included in the Global Biscuits and Snacks segment, is now reported as discontinued operations along with Campbell Fresh.
Viking Supply Ships AB (STO:VSSABB) reported on Wednesday result after tax, including discontinued operations, of a negative SEK19m, or SEK2.0 per share, for the second quarter of 2019.
Diluted EPS decreased to $0.37 from $0.88 in the prior-year period, primarily due to the loss of net earnings from the F&R business that was included in discontinued operations in 2018.
'Addressing the second quarter of 2019, the Partnership generated adjusted EBITDA of approximately $25.2 million, which does not include adjusted EBITDA from discontinued operations, and a total distribution coverage ratio of 1.31 times, as the Partnership continued to encounter challenges across all four operating segments.
Including its losses from discontinued operations, the company's loss further deepened to P197.36 million, 79 percent higher than last year's loss of P110.05 million.
The company said the PAT from continuing and discontinued operations increased by 93 per cent to N 7.9 billion compared to N4.11 billion recorded for the same period in H1 2017, earnings per share grew by 47 per cent to N1.54 compared to N1.05 recorded for the same period in H1, 2017.
In March 2018, all criteria were met for the classification of CGD Services as a discontinued operation. As such, the operating results of CGD Services have been classified as discontinued operations in the condensed consolidated statements of income (loss) for all periods presented.
Results of the entities being sold are reported in Regions' consolidated statements of income separately as discontinued operations for all periods presented.
Net loss from discontinued operations for the first quarter was $5.7m, compared to a net loss from discontinued operations of $900,000, in the first quarter of 2016.
In April 2014, FASB issued Accounting Standards Update (ASU) 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which is effective for fiscal years beginning after December 15, 2014.
Including $260 million in income from discontinued operations, net income was $316 million in the 2016 quarter, compared with $2.29 billion a year ago, which included $1.76 billion in income from discontinued operations.
The net loss, including a noncash write-down totaling USD3.0 million of goodwill and intangible assets related to the company's Apex operations in Canada, was USD3.3 million from continuing operations, or USD3.9 million attributable to common shareholders including both continuing and discontinued operations.