Dispositions (Tables)

9 Months Ended

Sep. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

Balance sheet positions and financial information included in net income from discontinued operations and statements of cash flows

The former Harsco Rail Segment's balance sheet positions as of September 30, 2022 and December 31, 2021 are presented as Assets held-for-sale and Liabilities of assets held-for-sale in the Condensed Consolidated Balance Sheets and are summarized as follows:

(in thousands)	September 30 2022		December 31 2021
Trade accounts receivable, net	$	44,677	$	33,689
Other receivables	4,304		4,740
Inventories	97,552		103,560
Current portion of contract assets	87,199		94,597
Other current assets	27,961		25,442
Property, plant and equipment, net	40,012		39,524
Right-of-use assets, net	1,903		3,108
Goodwill	13,026		13,026
Intangible assets, net	2,786		3,081
Deferred income tax assets	4,993		6,064
Other assets	1,144		6,432
Total Rail assets included in Assets held-for-sale	$	325,557	$	333,263
Accounts payable	$	35,794	$	46,076
Accrued compensation	3,420		2,171
Current portion of operating lease liabilities	990		1,619
Current portion of advances on contracts	50,536		62,401
Other current liabilities	66,492		49,732
Operating lease liabilities	997		1,775
Deferred tax liabilities	5,571		5,736
Other liabilities	868		981
Total Rail liabilities included in Liabilities of assets held-for-sale	$	164,668	$	170,491

Certain key selected financial information included in Income (loss) from discontinued operations, net of tax, for the former Harsco Rail Segment is as follows:

	Three Months Ended				Nine Months Ended
	September 30				September 30
(In thousands)	2022		2021		2022		2021
Amounts directly attributable to the former Harsco Rail Segment:
Service revenues	$	8,629	$	7,800	$	22,827	$	24,990
Product revenues (a)	60,386		66,115		169,778		231,661
Cost of services sold	6,559		4,193		15,823		12,373
Cost of products sold	49,789		54,830		176,210		189,288
Income (loss) from discontinued businesses	3,964		2,829		(26,768)		17,674
Additional amounts allocated to the former Harsco Rail Segment:
Selling, general and administrative expenses (b)	$	376	$	—	$	3,887	$	—

(a) The decrease in product revenues for the nine months ended September 30, 2022 as compared to the nine months ended September 30, 2021 is due in part to liquidated damages and penalties on certain long-term contracts, as discussed below.

(b) The Company has allocated directly attributable transaction costs to discontinued operations.

The following is selected financial information included on the Condensed Consolidated Statements of Cash Flows attributable to the former Harsco Rail Segment:

	Nine Months Ended September 30
(In thousands)	2022		2021
Non-cash operating items
Depreciation and amortization	$	—	$	3,905
Cash flows from investing activities
Purchases of property, plant and equipment	1,494		1,329