Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2020

Discontinued Operations and Disposal Groups [Abstract]

Summary of Discontinued Operations

The components of Loss from discontinued operations, net of taxes in the accompanying consolidated statement of operations are:

	Three Months Ended June 30, 2020		Six Months Ended June 30, 2020
Gain upon initial deconsolidation of API	$	—	$	29,637
Loss from guarantee liability	(980)		(53,464)
Loss from operations of discontinued operation	(280)		(2,581)
Net loss on deconsolidation of API	$	(1,260)	$	(26,408)

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Revenue:	$	—	$	28,488	$	6,388	$	59,728
Costs and expenses:
Cost of goods sold	—		26,381		6,085		54,675
Selling, general and administrative expenses	280		4,916		2,499		10,957
Other expenses, net	—		189		385		1,275
Total costs and expenses	280		31,486		8,969		66,907
Loss before income taxes	(280)		(2,998)		(2,581)		(7,179)
Income tax benefit	—		80		—		121
Net loss	$	(280)	$	(2,918)	$	(2,581)	$	(7,058)

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
Accrued pension liabilities	12,849
Deferred tax liabilities	1,117
Long-term operating lease liabilities	4,804
Total Liabilities	$	109,081