Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table presents the balance sheet information for assets and liabilities held for sale as of December 31, 2019 and December 31, 2018 (in thousands):

	December 31, 2019								December 31, 2018
	Discontinued Operations (1)			Other Held for Sale (2)		Total			Discontinued Operations (1)		Other Held for Sale (2)		Total
Trade accounts receivable, net	$	467		$	9,935	$	10,402		$	16,371	$	12,341	$	28,712
Inventories	55,521			13,878		69,399			73,696		3,044		76,740
Prepaid expenses and other current assets	2,867			616		3,483			19,230		1,602		20,832
Property, plant, and equipment, net	6,742			6,409		13,151			12,127		12,542		24,669
Goodwill	—			91,492		91,492			8,600		40,372		48,972
Intangibles	—			—		—			1,021		17,209		18,230
Deferred tax asset	778			1,089		1,867			8,556		824		9,380
Other assets	4,793			6,363		11,156			70		7		77
Valuation adjustment on classification to assets held for sale	(39,757		)	—		(39,757		)	—		—		—
Classified as current (3)	31,411			129,782		161,193			109,297		87,941		197,238
Classified as noncurrent	—			—		—			30,374		—		30,374
Total assets held for sale	$	31,411		$	129,782	$	161,193		$	139,671	$	87,941	$	227,612
Accounts payable	$	8,708		$	5,997	$	14,705		$	29,166	$	3,370	$	32,536
Accrued and other current liabilities	5,834			2,192		8,026			17,991		5,576		23,567
Deferred income taxes	638			151		789			325		—		325
Other noncurrent liabilities	13,931			5,838		19,769			536		2,195		2,731
Classified as current (3)	29,111			14,178		43,289			47,157		11,141		58,298
Classified as noncurrent	—			—		—			861		—		861
Total liabilities held for sale	$	29,111		$	14,178	$	43,289		$	48,018	$	11,141	$	59,159
(1) Reflects the assets and liabilities of the DV disposal group at December 31, 2019, and the assets and liabilities of the DV and EV disposal groups at December 31, 2018.
(2) Reflects the assets and liabilities of disposal groups that did not meet the criteria to be classified as discontinued operations. At December 31, 2019, the balances consist of assets and liabilities of the I&S disposal group. At December 31, 2018, the balances consist of assets and liabilities related to the RS disposal group, along with a $4.5 million building that was actively being marketed for sale. The building was sold during 2019.
(3) The Company classified all assets and liabilities held for sale as current on the December 31, 2019 consolidated balance sheet because it is probable that these assets will be sold within one year. Similarly, the Company classified all assets and liabilities associated with RS disposal group and a building being marketed for sale as current on the December 31, 2018 consolidated balance sheet. For the assets and liabilities that were reclassified to discontinued operations as of December 31, 2018, the Company maintained the current and noncurrent classification from its historical consolidated balance sheet.

The following table presents the summarized components of (loss) income from discontinued operations, for the EV and DV businesses for the twelve months ended December 31, 2019, 2018 and 2017 (in thousands):

	Twelve Months Ended
	December 31, 2019			December 31, 2018			December 31, 2017
Net revenues	$	79,848		$	162,355		$	156,218
Cost of revenues	105,132			145,908			128,072
Gross (loss) profit	(25,284		)	16,447			28,146
Selling, general and administrative expenses	15,487			23,786			19,723
Special and restructuring charges, net (1)	85,603			4,930			4,162
Operating (loss) income	(126,374		)	(12,269		)	4,261
Other (income) expense:
Interest (income), net	(8		)	(62		)	(64		)
Other (income) expense, net	(378		)	(9		)	1,852
Total other (income) expense, net	(386		)	(71		)	1,788
(Loss) income from discontinued operations, pre tax	(125,988		)	(12,198		)	2,473
(Benefit from) provision for income tax	(16,821		)	(6,161		)	1,535
(Loss) income from discontinued operations, net of tax	$	(109,167	)	$	(6,037	)	$	938
(1) For the year ended December 31, 2019, includes a valuation allowance of $39.8 million for the DV business, loss on sale of the EV business of $37.9 million, and goodwill and intangible asset impairments related to the DV business of $7.9 million.