Discontinued Operations

6 Months Ended

Jun. 30, 2019

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

During the second quarter of 2017, the Company suspended all operations associated with the Fuel Conversion business segment. The components of the net assets of the Fuel Conversion discontinued operations are Assets held for sale (which consists primarily of certain equipment) on the Consolidated Balance Sheets totaling $396 and $485 as of June 30, 2019 and December 31, 2018, respectively. The Company sold certain equipment within Assets held for sale for the six month period ended June 30, 2019 of $55. Additionally, on July 10, 2019 the Company entered into an agreement to sell the remaining Fuel Conversion equipment within Assets held for sale for a purchase price of $500 (less applicable commission of $50 to the third party equipment reseller). The Company incurred storage costs of $13 for holding the equipment at a third-party location for the six month period ended June 30, 2019.  Following the movement of the equipment by the customer during the third quarter from our third-party storage facility, the Company will incur no additional costs associated with the completion of the wind-down activities associated with the Fuel Conversion business segment.

In addition, accrued severance of $5 and $65 is included in the other accrued liabilities line of the Consolidated Balance Sheets as of June 30, 2019 and December 31, 2018, respectively. A total of $30 and $60 was paid for the three and six months ended June 30, 2019, the remaining $5 will be paid in the third quarter of 2019.

The Fuel Conversion business segment had no other assets or liabilities associated with it.

The activity of the Fuel Conversion discontinued operations consisted primarily of storage costs for the certain equipment held in Assets held for sale of $9 and $19 for the three and six month periods ended June 30, 2019, respectively, and for the same periods in 2018 of $74 and $99, respectively. The Fuel Conversion business segment had no revenues associated with it.