Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

Schedule Of Significant Items Included In Income From Discontinued Operations

Net assets related to the Sale Transaction consisted of the following:

(In thousands)	March 31, 2025		December 31, 2024
Receivables due from the Purchaser	$	5,313	$	15,978
Estimated deferred consideration due from the Purchaser	3,550		3,550
Note receivable due from the Purchaser	5,000		5,000
Estimated liabilities due to the Purchaser	(6,488)		(6,488)
Net assets due from the Purchaser	$	7,375	$	18,040

The following table summarizes the significant items included in income (loss) from discontinued operations in the condensed consolidated statements of operations for the three months ended March 31, 2025 and 2024.

	First Quarter
(In thousands)	2025		2024
Revenues	$	—	$	120,140
Cost of revenues	—		103,262
Selling, general and administrative expenses	395		12,764
Other operating (income) loss, net	—		(779)
Operating income (loss) from discontinued operations	(395)		4,893
Foreign currency exchange (gain) loss	71		(276)
Interest expense, net	5		990
Income (loss) from discontinued operations before income taxes	(471)		4,179
Provision (benefit) for income taxes from discontinued operations	(99)		940
Income (loss) from discontinued operations	$	(372)	$	3,239

For the three months ended March 31, 2025 and 2024, significant operating and investing items related to the former Fluids Systems segment were as follows:

	First Quarter
(In thousands)	2025		2024
Operating activities of discontinued operations:
Depreciation and amortization	$	—	$	1,745
Investing activities of discontinued operations:
Capital expenditures	$	—	$	682