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Note 6 - Assets and Liabilities Held for Sale

6 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

6)  Assets and liabilities held for sale

Assets and liabilities classified as held for sale have met the criteria of held for sale accounting, as specified by Accounting Standards Codification (“ASC”) 360, “Property, Plant, and Equipment.” As of December 31, 2022, the Procon operating segment, reported within the Specialty Solutions Group met the criteria for assets and liabilities held for sale, and it is the Company’s intention to complete the sale of this segment within the next 12 months.

The carrying amount of the assets and liabilities are as follows (in thousands):

Held for Sale		December 31, 2022
Assets
Accounts receivable, net		$	2,707
Inventories			7,069
Other current assets			456
Property, plant and equipment, net			823
Intangible assets			272
Goodwill			246
Operating lease right-of-use asset			475
Other non-current assets			1,915
Liabilities
Accounts payable			2,356
Accrued liabilities			554
Operating lease long-term liabilities			228
Accrued other non-current liabilities			4
Net assets held for sale		$	10,821

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- References

No definition available.

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- Definition

The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI https://asc.fasb.org/topic&trid=2155823

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-URI https://asc.fasb.org/subtopic&trid=2122178

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