Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

Summary of Discontinued Operations

The components of Net loss on deconsolidation of discontinued operations in the accompanying consolidated statement of operations are:

	Three Months Ended March 31, 2020
Gain upon initial deconsolidation of API	$	29,637
Loss from guarantee liability	(52,484		)
Net loss on deconsolidation of API	$	(22,847	)

The following represents the detail of Loss from discontinued operations, net of taxes in the accompanying consolidated statements of operations:

	Three Months Ended March 31,
	2020			2019
Revenue:	$	6,388		$	31,240
Costs and expenses:
Cost of goods sold	6,085			28,294
Selling, general and administrative expenses	2,219			6,041
Other expenses, net	385			1,086
Total costs and expenses	8,689			35,421
Loss before income taxes	(2,301		)	(4,181		)
Income tax benefit	—			41
Net loss	$	(2,301	)	$	(4,140	)

The following is a summary of the assets and liabilities of discontinued operations:

Assets	December 31, 2019
Current assets:
Cash and cash equivalents	$	8,881
Trade and other receivables	13,367
Inventories, net	16,192
Prepaid expenses and other current assets	2,572
Total current assets	41,012
Other non-current assets	50
Property, plant and equipment, net	12,052
Operating lease right-of-use-assets	6,041
Total Assets	$	59,155
Liabilities
Current liabilities:
Accounts payable	$	14,027
Accrued liabilities	4,701
Short-term debt	1,397
Other current liabilities	1,131
Total current liabilities	21,256
Long-term debt	69,055
Deferred tax liabilities	1,117
Long-term operating lease liabilities	4,804
Accrued pension liabilities	12,849
Total Liabilities	$	109,081