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Subsequent Event - Sale of HC Notes and Release of Lease Guarantee
12 Months Ended
Dec. 31, 2019
Subsequent Events [Abstract]  
Subsequent Event - Sale of HC Notes and Release of Lease Guarantee

18.  Subsequent Event – Sale of HC Notes and Release of Lease Guarantee

On January 6, 2020, the Company sold to HC the fully-reserved promissory notes and related accrued interest receivable from HC in exchange for $1.2 million and the release from a lease guarantee related to one of HC’s facilities which extended to 2025 and had annual rent of approximately $2 million. At December 31, 2019, the carrying value of the lease guarantee was $10.7 million. Both the promissory notes and the lease guarantee were part of the sale of the Company’s Lawn and Garden business in 2015. The $11.9 million pre-tax gain from the sale of the notes and release of the lease guarantee liability is expected to be included in the Company’s first quarter 2020 results. See further information in Notes 6 and 12.