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Discontinued Operations (Tables) | 6 Months Ended
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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 |

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