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Discontinued Operations (Tables) | 9 Months Ended
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Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Schedule Of Significant Items Included In Income From Discontinued Operations | Net assets related to the Sale Transaction consisted of the following:
(In thousands) | September 30, 2025 |  | December 31, 2024
Receivables due from the Purchaser | $ | 313 |  |  | $ | 15,978 |
Estimated deferred consideration due from the Purchaser | 3,591 |  |  | 3,550 |
Note receivable due from the Purchaser | 5,000 |  |  | 5,000 |
Estimated liabilities due to the Purchaser | (5,308) |  |  | (6,488) |
Net assets due from the Purchaser | $ | 3,596 |  |  | $ | 18,040 |
The following table summarizes the significant items included in income (loss) from discontinued operations in the condensed consolidated statements of operations.
| Third Quarter |  | First Nine Months
(In thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Revenues | $ | — |  |  | $ | 102,944 |  |  | $ | — |  |  | $ | 335,302 |
Cost of revenues | — |  |  | 89,102 |  |  | — |  |  | 290,482 |
Selling, general and administrative expenses | 596 |  |  | 11,273 |  |  | 1,044 |  |  | 37,668 |
Other operating (income) loss, net | — |  |  | (345) |  |  | — |  |  | (1,447) |
Operating income (loss) from discontinued operations | (596) |  |  | 2,914 |  |  | (1,044) |  |  | 8,599 |
Foreign currency exchange (gain) loss | 34 |  |  | 1,529 |  |  | 168 |  |  | 894 |
Interest (income) expense, net | (37) |  |  | 756 |  |  | (29) |  |  | 2,633 |
Income (loss) from discontinued operations before income taxes | (593) |  |  | 629 |  |  | (1,183) |  |  | 5,072 |
Loss on sale of discontinued operations before income taxes | — |  |  | (195,729) |  |  | — |  |  | (195,729) |
Benefit for income taxes from discontinued operations | (184) |  |  | (5,933) |  |  | (296) |  |  | (4,141) |
Loss from discontinued operations | $ | (409) |  |  | $ | (189,167) |  |  | $ | (887) |  |  | $ | (186,516) |
For the first nine months of 2025 and 2024, significant operating and investing items related to the former Fluids Systems segment were as follows:
| First Nine Months
(In thousands) | 2025 |  | 2024
Operating activities of discontinued operations: |  |  |
Depreciation and amortization | $ | — |  |  | $ | 4,872 |
Investing activities of discontinued operations: |  |  |
Capital expenditures | $ | — |  |  | $ | 3,645 |

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