Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2021

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The carrying values of the major classes of assets and liabilities included in assets and liabilities held for sale or abandonment related to MBP Titan as of September 30, 2021 and December 31, 2020, are as follows:

	September 30, 2021		December 31, 2020
Assets
Property, plant and equipment, net	$	—	$	586
Right-of-use assets	—		9,131
Other assets	—		136
Total assets held for sale or abandonment	$	—	$	9,853
Liabilities
Lease liabilities, current	$	—	$	1,890
Other current liabilities	—		619
Lease liabilities, net of current portion	—		11,538
Total liabilities held for sale or abandonment	$	—	$	14,047

The following table presents the financial results of discontinued operations related to MBP Titan:

	Three Months Ended   September 30,				Nine Months Ended   September 30,
	2021		2020		2021		2020
Operating (gains) expenses (1)	$	(60)	$	1,972	$	(4,599)	$	38,713
Operating income (loss)	60		(1,972)		4,599		(38,713)
Income (loss) before income taxes	60		(1,972)		4,599		(38,713)
Income (loss) from discontinued operations	$	60	$	(1,972)	$	4,599	$	(38,713)

(1)Includes a goodwill impairment charge of $9,635 and an impairment charge on property, plant and equipment and right-of-use assets of $12,406 in the nine months ended September 30, 2020 in conjunction with the suspension of MBP Titan's operations discussed above.

The following table presents the significant noncash items, purchases of property, plant and equipment, and proceeds from sales of assets for the discontinued operations related to MBP Titan that are included in the accompanying condensed consolidated statements of cash flows.

	Nine Months Ended   September 30,
	2021		2020
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization	$	—	$	2,337
Impairment of goodwill	—		9,635
Impairment of other noncurrent assets	—		12,406
(Gain) loss on disposals of assets, net	(464)		13
Stock-based compensation expense	—		(34)
Gain on lease termination (1)	(4,602)		—
Cash flows from investing activities
Purchases of property, plant and equipment	—		(88)
Proceeds from sales of assets	1,083		—

(1)Included in other noncash items on the accompanying condensed consolidated statement of cash flows.

The following table presents the financial results of discontinued operations related to the Transactions for the nine months ended September 30, 2020. There were no discontinued operations related to the Transactions for the three months ended September 30, 2020.

	Nine Months Ended September 30, 2020
	TS Biotechnology Sale		EnviroFlight Sale		Total
Revenues (1)	$	1,294	$	—	$	1,294
Operating expenses	896		—		896
Operating income	398		—		398
Gain on sale of discontinued operations	633		39		672
Loss on release of cumulative foreign currency translation adjustment	(26,957)		—		(26,957)
Other expense, net	(129)		—		(129)
Equity in net loss of affiliates	—		(38)		(38)
Income (loss) before income taxes	(26,055)		1		(26,054)
Income tax expense	(2)		—		(2)
Income (loss) from discontinued operations	$	(26,057)	$	1	$	(26,056)

(1)Includes revenue recognized from related parties of $436.

The following table presents the significant noncash items and purchases of property, plant and equipment for the discontinued operations related to the Transactions that are included in the accompanying condensed consolidated statement of cash flows.

	Nine Months Ended   September 30, 2020
Adjustments to reconcile net loss to net cash used in operating activities
Gain on sale of discontinued operations	$	(672)
Loss on release of cumulative foreign currency translation adjustment	26,957
Unrealized depreciation on equity securities	106
Equity in net loss of EnviroFlight	38
Stock-based compensation expense	(1,346)
Cash flows from investing activities
Purchases of property, plant and equipment	(382)

Summarized financial data for EnviroFlight is shown in the following table for the period in which the Company held the equity method investment.

	Nine Months Ended   September 30, 2020
Revenues	$	16
Operating expenses	92
Operating loss	(76)
Net loss	$	(76)