Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2020

Discontinued Operations and Disposal Groups [Abstract]

Summary of Discontinued Operations

The components of Income (loss) from discontinued operations, net of taxes in the accompanying consolidated statements of operations are:

	Three Months Ended September 30, 2020		Nine Months Ended September 30, 2020
Gain upon initial deconsolidation of API	$	—	$	29,637
Income (loss) from change in guarantee liability	1,161		(52,303)
Loss from operations of discontinued operation	(21)		(2,602)
Net income (loss) on deconsolidation of API	$	1,140	$	(25,268)

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Revenue	$	—	$	25,262	$	6,388	$	84,990
Costs and expenses:
Cost of goods sold	—		27,125		6,085		81,800
Selling, general and administrative expenses	21		6,043		2,520		17,000
Goodwill impairment charges	—		17,634		—		17,634
Other expenses, net	—		973		385		2,248
Total costs and expenses	21		51,775		8,990		118,682
Loss before income taxes	(21)		(26,513)		(2,602)		(33,692)
Income tax benefit	—		31		—		152
Loss from discontinued operations, net of taxes	$	(21)	$	(26,482)	$	(2,602)	$	(33,540)

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

	December 31, 2019
Assets
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