Discontinued Operations

9 Months Ended

Sep. 30, 2021

Discontinued Operations and Disposal Groups [Abstract]

In the third quarter ended September 30, 2021, the Company's discontinued operations recorded a net loss of approximately $0.1 million primarily related to professional fees, facility costs and tax benefits. For the nine months ended September 30, 2021, the Company's discontinued operations received approximately $15.0 million in restitution receipts, recorded $2.4 million in benefit from resolution of payable accounts which was offset by $3.6 million of professional fees and facility costs and approximately $3.3 million for the provision for income taxes. The Company expects that total additional exit charges related to discontinued operations after this quarter may aggregate up to $0.5 million. Additionally, the Company expects that its discontinued operations, which carries approximately $41 million in aged payables and other liabilities, including one lease obligation, will be resolving a significant amount of these balances favorably in future quarters.

In the third quarter ended September 30, 2020, the Company's discontinued operations received approximately $0.8 million in vendor settlements offset by approximately $0.1 million of facility costs and professional fees and recorded approximately $0.2 million for the provision for income taxes. For the nine months ended September 30, 2020, the Company's discontinued operations received approximately $1.9 million in restitution receipts and $0.9 million in vendor settlements offset by approximately $0.8 million of facility costs and professional fees and recorded approximately $0.5 million for the provision for income taxes.

The following table details liabilities related to the exit costs of the sold businesses that remain as of September 30, 2021 (in millions):


	Accrued exit costs
Balance January 1, 2021	$	2.8
Charged to expense	0.3
Paid or otherwise settled	(0.5)
Balance September 30, 2021	$	2.6

The following table details liabilities related to the exit costs of the sold businesses that remained for 2020 (in millions):


	Accrued exit costs
Balance January 1, 2020	$	2.8
Charged to expense	0.4
Paid or otherwise settled	(0.4)
Balance December 31, 2020	$	2.8