Assets Held for Sale and Discontinued Operations (Tables)

9 Months Ended

Jun. 30, 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 June 30,						Nine Months Ended June 30,
	2019			2018			2019			2018
Revenues, net of returns and allowances	$	5,268		$	12,457		$	19,649		$	70,620
Cost of sales	4,374			8,041			19,726			52,684
Gross profit (loss)	894			4,416			(77		)	17,936
Selling, general and administrative	1,735			2,766			7,412			10,081
Research, development and engineering	736			1,540			2,647			4,260
Restructuring charges	(3		)	—			598			—
Operating (loss) income	(1,574		)	110			(10,734		)	3,595
Gain on sale of subsidiary	1,614			—			1,614			—
Interest expense and other, net	(143		)	(100		)	(213		)	(172		)
(Loss) income from discontinued operations before income taxes	(103		)	10			(9,333		)	3,423
Income tax (benefit) provision	(1,257		)	18			(1,220		)	(3,094		)
Net income (loss)	$	1,154		$	(8	)	$	(8,113	)	$	6,517

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

	June 30, 2019		September 30, 2018
Assets	(Unaudited)
Total current assets	$	17,468	$	39,379
Property, plant and equipment - net	5,497		5,943
Total assets included in the disposal group	22,965		45,322
Total current liabilities	18,191		29,380
Long-term debt	293		2,418
Total liabilities included in the disposal group	18,484		31,798
Net assets included in the disposal group	$	4,481	$	13,524

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

	Nine Months Ended June 30,
	2019			2018
(Loss) income from discontinued operations, net of tax	$	(8,113	)	$	6,517
Depreciation and amortization	$	426		$	561
Provision for (reversal of) allowance for doubtful accounts, net	$	887		$	(9	)
Gain on sale of subsidiary	$	1,614		$	—
Purchases of property, plant and equipment	$	118		$	1,160