Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operation, Net of Tax

The following table summarizes the significant items included in income from discontinued operations, net of tax in the Consolidated Statement of Operations for the three and nine months ended September 30, 2022 and 2021 (in thousands):

	Three months ended				Nine months ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Net revenues	$	-	$	5,447	$	2,477	$	12,820
Cost of revenues		-		2,950		1,626		7,475
Gross profit		-		2,497		851		5,345
Operating expenses		-		938		693		2,486
Gain on divestiture, net of expenses		87		-		16,490		-
Income from Discontinued Operations before income taxes		87		1,559		16,648		2,859
Income tax expense		-		546		4,953		1,005
Income from Discontinued Operations, net of income taxes	$	87	$	1,013	$	11,695	$	1,854

Schedule of Assets and Liabilities

The following table summarizes the carrying value of the significant classes of assets and liabilities classified as discontinued operations as of December 31, 2021:

Current Assets
Accounts receivable, net	$	2,883
Inventories, net		3,986
Total current assets		6,869
Property, plant and equipment, net		421
Goodwill		1,351
Other non current assets		165
Total non current assets		1,937
Total assets	$	8,806
Current liabilities
Accounts payable	$	783
Accrued expenses and other current liabilities		1,182
Total current liabilities	$	1,965