. This gain represents the foreign exchange gain previously recorded in accumulated other comprehensive income and now recognized in the statement of operations as a result of the liquidations of KRL and 2007 GP. Summarized financial information for liquidation of subsidiaries is shown below:
|
| | | | | | |
(in thousands) | | Year ended December 31, | |
| | 2013 |
| | 2012 |
|
Liquidations: | | | | |
Gain on liquidations before income taxes | | 7,227 |
| | — |
|
Income tax benefit | | — |
| | — |
|
Gain on liquidation of subsidiaries, net of taxes | | 7,227 |
| | — |
|
