Assets Held for Sale and Discontinued Operations (Tables)

6 Months Ended

Mar. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

Operating results of our discontinued solar operations were as follows, in thousands:

	Three Months Ended March 31,						Six Months Ended March 31,
	2019			2018			2019			2018
Revenues, net of returns and allowances	$	8,153		$	11,668		$	14,381		$	58,163
Cost of sales	9,229			8,525			15,352			44,643
Gross (loss) profit	(1,076		)	3,143			(971		)	13,520
Selling, general and administrative	4,082			3,159			5,677			7,315
Research, development and engineering	831			1,404			1,911			2,720
Restructuring charges	591			—			601			—
Operating (loss) income	(6,580		)	(1,420		)	(9,160		)	3,485
Interest income (expense) and other income, net	(48		)	(6		)	(70		)	(72		)
(Loss) income from discontinued operations before income taxes	(6,628		)	(1,426		)	(9,230		)	3,413
Income tax provision (benefit)	19			(3,200		)	37			(3,112		)
Net (loss) income	$	(6,647	)	$	1,774		$	(9,267	)	$	6,525

The following table presents a summary of the solar assets and liabilities held for sale included in our Condensed Consolidated Balance Sheets, in thousands:

	March 31, 2019		September 30, 2018
Assets	(Unaudited)
Total current assets	$	20,418	$	39,379
Property, Plant and Equipment - Net	5,559		5,943
Total assets included in the disposal group	25,977		45,322
Total current liabilities	19,545		29,380
Long-Term Debt	2,420		2,418
Total liabilities included in the disposal group	21,965		31,798
Net assets included in the disposal group	$	4,012	$	13,524

The following table summarizes selected cash flow information for discontinued operations, in thousands:

	Six Months Ended March 31,
	2019			2018
(Loss) income from discontinued operations, net of tax	$	(9,267	)	$	6,525
Depreciation and amortization	$	287		$	324
Provision for allowance for doubtful accounts, net	$	981		$	37
Purchases of property, plant and equipment	$	96		$	220