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Note 3 - Assets and Liabilities Held for Sale and Discontinued Operations | 12 Months Ended
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Dec. 31, 2025
Notes to Financial Statements |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | Note 3. Assets and Liabilities Held for Sale and Discontinued Operations On January 2, 2025, the Company entered into an agreement to contribute 100% of its interest in SBB, the subsidiary that owns and operates the Company’s CDS segment, to GWO in exchange for 49% of the issued and outstanding GWO common stock on a fully-diluted basis. GWO is majority owned by Standard General, LP. Under certain circumstances the Company has the right to redeem the contribution of SBB from GWO at fair market value. In addition, the Company received an option with a 15-year term to purchase the remaining 51% of GWO at an exercise price initially set at $22.0 million, which decreases over time based on certain tax sharing payments to GWO. The assets and liabilities associated with the CDS business have been classified as held for sale as of December 31, 2024, and its financial results are classified as discontinued operations and reported separately for all periods presented herein. With the strategic shift of the Company's operations, as a result of this transaction, the CDS segment has been classified as discontinued operations. As a result, the Company now has two reportable segments as disclosed in Note 21, "Segment Information". Upon meeting the criteria for held for sale classification, the Company recorded a non-cash charge of $8.8 million with an equivalent valuation allowance against net assets held for sale to reduce the carrying value of the disposal group to fair value. Fair value of the disposal group utilized inputs within Level 3 of the fair value hierarchy, and was determined using both a market and an income approach. The Company incurred no income or loss from discontinued operations for the year ended December 31, 2025. The following table summarizes income from discontinued operations, net of tax, included in the Consolidated Statements of Income:
|  | For the years ended December 31, |
|  | 2024 |  |  | 2023 |
Net sales |  | $ | 59,051 |  |  | $ | 80,329 |
Cost of sales |  |  | 46,041 |  |  |  | 60,030 |
Gross profit |  |  | 13,010 |  |  |  | 20,299 |
Selling, general, and administrative expenses |  |  | 12,246 |  |  |  | 18,442 |
Loss on assets held for sale fair value adjustment |  |  | 8,801 |  |  |  | - |
Depreciation |  |  | 236 |  |  |  | 341 |
Amortization of other intangible assets |  |  | 1,843 |  |  |  | 1,899 |
Goodwill and intangible impairment loss |  |  | - |  |  |  | - |
Operating loss from discontinued operations |  |  | (10,116 | ) |  |  | (383 | )
Interest income |  |  | (146 | ) |  |  | - |
Loss from discontinued operations before income taxes |  |  | (9,970 | ) |  |  | (383 | )
Income tax benefit |  |  | (2,453 | ) |  |  | (98 | )
Loss from discontinued operations |  | $ | (7,517 | ) |  | $ | (285 | )
The following table summarizes the carrying amounts of assets and liabilities classified as held for sale and included in the Consolidated Balance Sheets:
|  | December 31, |
|  | 2024 |
Current assets |  |  |  |
Cash |  | $ | 2,783 |
Inventories, net |  |  | 5,813 |
Other current assets |  |  | 2,874 |
Current assets held for sale |  |  | 11,470 |
Noncurrent assets |  |  |  |
Right of use assets |  |  | 51 |
Other intangible assets, net |  |  | 12,609 |
Allowance to adjust held for sale assets to fair value |  |  | (8,801 | )
Noncurrent assets held for sale |  |  | 3,859 |
Total assets held for sale |  | $ | 15,329 |
Current liabilities |  |  |  |
Accounts payable |  | $ | 532 |
Accrued liabilities |  |  | 1,517 |
Current liabilities held for sale |  |  | 2,049 |
Noncurrent liabilities |  |  |  |
Lease liabilities |  |  | - |
Noncurrent liabilities held for sale |  |  | - |
Total liabilities held for sale |  | $ | 2,049 |

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