Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2025

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Group, Including Discontinued Operations

The following table provides the carrying amounts and a reconciliation of the major classes of assets and liabilities included in discontinued operations related to the Renewables business which have been segregated from the Company's continuing operations and are reported as assets and liabilities of discontinued operations held for sale, respectively, in the consolidated balance sheets at (in thousands):

	June 30, 2025		December 31, 2024
Assets of the discontinued operations:
Trade receivables, net	$	52,781	$	54,452
Costs in excess of billings, net	13,093		15,753
Inventories, net	39,267		44,869
Prepaid expenses and other current assets	7,154		17,466
Total current assets	112,295		132,540
Property, plant, and equipment, net	21,448		22,741
Operating lease assets	5,460		3,463
Goodwill	184,230		184,230
Acquired intangibles	46,303		48,462
Total non-current assets	257,441		258,896
Total assets classified as discontinued operations (1)	$	369,736	$	391,436
Liabilities of the discontinued operations:
Accounts payable	$	22,380	$	26,703
Accrued expenses	30,622		29,759
Billings in excess of costs	29,441		27,021
Total current liabilities	82,443		83,483
Deferred income taxes	7,649		7,649
Non-current operating lease liabilities	3,856		1,734
Total non-current liabilities	11,505		9,383
Total liabilities classified as discontinued operations (1)	$	93,948	$	92,866

(1) Total held for sale assets and liabilities of the discontinued operations are classified as current on the June 30, 2025 consolidated balance sheet as it is probable that the sale will occur and proceeds will be collected within one year.

The following table is the components of the (loss) income from discontinued operations before taxes (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Net sales	$	53,588	$	79,381	$	97,246	$	130,877
Operating expenses	58,969		77,895		105,790		127,078
(Loss) income before taxes	$	(5,381)	$	1,486	$	(8,544)	$	3,799