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CHANGES IN BUSINESS (Tables)
12 Months Ended
Dec. 31, 2019
Schedule of exit costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

Lease

 

 

Severance

 

 

Total

Balance, December 31, 2017

 

$

 —

 

$

 —

 

$

 —

Restructuring charges

 

 

536

 

 

5,153

 

 

5,689

Payments for restructuring

 

 

(169)

 

 

(2,264)

 

 

(2,433)

Balance, December 31, 2018

 

$

367

 

$

2,889

 

$

3,256

Payments for restructuring

 

 

(225)

 

 

(2,889)

 

 

(3,114)

Adjustments

 

 

(142)

 

 

 —

 

 

(142)

Balance, December 31, 2019

 

$

 —

 

$

 —

 

$

 —

 

Summary of restructuring expenses

 

 

 

 

 

 

 

 

 

Year Ended December 31,

(in thousands)

  

2019

 

2018

Lease

 

$

 —

 

$

536

Severance

 

 

 —

 

 

5,153

Total

 

$

 —

 

$

5,689

 

Discontinued operations, held-for-sale or disposed of by sale  
Schedule of Financial Information of Disposal Group

 

 

 

 

 

 

 

 

 

December 31,

(in thousands)

  

2019

 

2018

Liabilities:

 

 

 

 

 

 

Accrued compensation and benefits 

 

$

 —

 

$

259

Other current liabilities

 

 

340

 

 

381

Current liabilities of discontinued operations

 

 

340

 

 

640

Liability for pension obligation

 

 

2,708

 

 

2,781

Liability for uncertain tax positions

 

 

1,778

 

 

2,407

Long-term liabilities of discontinued operations

 

 

4,486

 

 

5,188

Total liabilities of discontinued operations

 

$

4,826

 

$

5,828

 


 

 

 

 

 

 

 

 

 

Year Ended December 31,

(in thousands)

  

2019

  

2018

Revenue

 

 

 

 

 

 

Electrical Solutions

 

$

 —

 

$

22,259

Total revenue

 

 

 —

 

 

22,259

Cost of revenue

 

 

 

 

 

 

Electrical Solutions

 

 

 —

 

 

24,613

Total cost of revenue

 

 

 —

 

 

24,613

 

 

 

 

 

 

 

Selling and marketing expenses

 

 

 —

 

 

207

General and administrative expenses

 

 

21

 

 

2,634

Other

 

 

213

 

 

(38)

Income (loss) from discontinued operations before income taxes

 

 

(234)

 

 

(5,157)

Loss (gain) on disposal - Electrical Solutions

 

 

 —

 

 

9,623

Loss (gain) on disposal - Mechanical Solutions

 

 

 —

 

 

222

Income (loss) from discontinued operations before income tax expense (benefit)

 

 

(234)

 

 

(15,002)

Income tax expense (benefit)

 

 

(1,398)

 

 

(3,357)

Income (loss) from discontinued operations

 

$

1,164

 

$

(11,645)