Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2022

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 related to Trans Ova as of December 31, 2021, are as follows:

	December 31, 2021
Assets
Cash and cash equivalents	$	6,497
Trade receivables, net	19,491
Inventory	12,935
Other current assets	1,265
Property, plant and equipment, net	25,716
Intangible assets, net	1,824
Goodwill	16,594
Right-of-use assets	910
Other noncurrent assets	252
Total assets held for sale	$	85,484
Liabilities
Accounts payable	$	2,293
Accrued compensation and benefits	3,367
Other accrued liabilities	3,778
Deferred revenue	2,952
Current portion of long-term debt	350
Other current liabilities	111
Long-term debt, net of current portion	2,867
Other long-term liabilities	805
Total liabilities held for sale	$	16,523

The following table presents the financial results of discontinued operations related to Trans Ova for the three and nine months ended September 30, 2022 and 2021:

	Three Months Ended   September 30,				Nine Months Ended   September 30,
	2022		2021		2022		2021
Product revenues	$	4,322	$	6,743	$	21,494	$	20,153
Service revenues	7,880		11,485		49,657		48,916
Total revenues	12,202		18,228		71,151		69,069
Cost of products	4,163		7,010		18,634		17,895
Cost of services	4,352		6,988		22,701		21,400
Research and development	481		486		2,348		1,367
Selling, general and administrative	3,204		7,683		15,215		17,162
Total operating expenses	12,200		22,167		58,898		57,824
Operating income (loss)	2		(3,939)		12,253		11,245
Other income, net	319		434		1,139		1,133
Gain on divestiture	94,702		—		94,702		—
Income (loss) before income taxes	95,023		(3,505)		108,094		12,378
Income tax (expense) benefit	—		—		—		—
Income (loss) from discontinued operations	$	95,023	$	(3,505)	$	108,094	$	12,378

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 Trans Ova that are included in the accompanying condensed consolidated statements of cash flows:

	Nine Months Ended   September 30,
	2022		2021
Adjustments to reconcile net income to net cash used in operating activities
Depreciation and amortization	$	3,574	$	4,268
Loss on disposal of assets	421		547
Stock-based compensation expense	9		272
Provision for credit losses	944		1,035
Cash flows from investing activities
Purchases of property, plant and equipment	(3,529)		(2,731)
Proceeds from sale of assets	594		1,425

The following table presents the financial results of discontinued operations related to MBP Titan for the three and nine months ended September 30, 2021:

	Three Months Ended   September 30,			Nine Months Ended   September 30,
		2021		2021
Operating gain		60		4,599
Operating gain		60		4,599
Gain from discontinued operations		$	60	$	4,599

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 for the nine months ended September 30, 2021 that are included in the accompanying condensed consolidated statements of cash flows.

	Nine Months Ended   September 30,
		2021
Adjustments to reconcile net loss to net cash used in operating activities
Gain on disposals of assets		$	(464)
Noncash gain on termination of leases		(4,602)
Cash flows from investing activities
Proceeds from sales of assets		1,083