XML 129 R33.htm IDEA: XBRL DOCUMENT v3.19.3
Assets Held for Sale and Discontinued Operations (Tables)
12 Months Ended
Sep. 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:

 

 

 

Years Ended September 30,

 

 

 

2019

 

 

2018

 

 

2017

 

Revenues, net of returns and allowances

 

$

25,139

 

 

$

76,395

 

 

$

81,443

 

Cost of sales

 

 

23,669

 

 

 

58,156

 

 

 

60,617

 

Gross profit

 

 

1,470

 

 

 

18,239

 

 

 

20,826

 

Selling, general and administrative

 

 

8,857

 

 

 

11,792

 

 

 

10,408

 

Research, development and engineering

 

 

3,039

 

 

 

4,944

 

 

 

3,634

 

Restructuring charges

 

 

567

 

 

 

897

 

 

 

—

 

Impairment charges

 

 

—

 

 

 

4,759

 

 

 

—

 

Operating (loss) income

 

 

(10,993

)

 

 

(4,153

)

 

 

6,784

 

Gain on sale of subsidiary

 

 

1,614

 

 

 

—

 

 

 

—

 

Interest expense and other, net

 

 

(121

)

 

 

(249

)

 

 

(557

)

(Loss) income from discontinued operations

   before income taxes

 

 

(9,500

)

 

 

(4,402

)

 

 

6,227

 

Income tax (benefit) provision

 

 

(1,203

)

 

 

(3,076

)

 

 

335

 

Net (loss) income

 

 

(8,297

)

 

 

(1,326

)

 

 

5,892

 

Net loss attributable to non-controlling interest

 

 

—

 

 

 

—

 

 

 

1,045

 

Net (loss) income attributable to discontinued

   operations

 

$

(8,297

)

 

$

(1,326

)

 

$

6,937

 

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

 

 

 

September 30,

2019

 

 

September 30,

2018

 

Assets

 

 

 

 

 

 

 

 

Total current assets

 

$

17,591

 

 

$

39,379

 

Property, plant and equipment - net

 

 

5,164

 

 

 

5,943

 

Total assets included in the disposal group

 

 

22,755

 

 

 

45,322

 

Total current liabilities

 

 

18,272

 

 

 

29,380

 

Long-term debt

 

 

275

 

 

 

2,418

 

Total liabilities included in the disposal group

 

 

18,547

 

 

 

31,798

 

Net assets included in the disposal group

 

$

4,208

 

 

$

13,524

 

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

 

 

Years Ended September 30,

 

 

 

2019

 

 

2018

 

 

2017

 

(Loss) income from discontinued operations, net of

   tax

 

$

(8,297

)

 

$

(1,326

)

 

$

6,937

 

Non-cash impairment charges

 

$

—

 

 

$

4,759

 

 

$

—

 

Depreciation and amortization

 

$

562

 

 

$

801

 

 

$

1,120

 

Provision for (reversal of) allowance for doubtful

   accounts, net

 

$

874

 

 

$

(56

)

 

$

(837

)

Gain on sale of subsidiary

 

$

1,614

 

 

$

—

 

 

$

—

 

Purchases of property, plant and equipment

 

$

131

 

 

$

1,403

 

 

$

838