XML 36 R26.htm IDEA: XBRL DOCUMENT v3.22.2
Discontinued Operations Discontinued operations (Policies)
 6 Months Ended
Jun. 30, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Disposal Groups, Including Discontinued Operations
Summarized results of operations of Liberty for the three and six months ended June 30, 2021 are as follows (in thousands):
Three months ended 
 June 30, 2021		Six months ended June 30, 2021
Net sales$33,447 $64,926 
Gross profit$8,879 $17,776 
Operating income $5,903 $11,533 
Income from continuing operations before income taxes (1)
$5,944 $11,580 
Provision for income taxes$1,166 $2,607 
Income from discontinued operations (1)
$4,778 $8,973 
(1) The results of operations for the three and six months ended June 30, 2021, excludes $0.7 million and $1.4 million, respectively, of intercompany interest expense.
Sale of Clean Earth
On May 8, 2019, the LLC, as majority stockholder of CEHI Acquisition Corporation ("Clean Earth" or CEHI") and as sellers’ representative, entered into a definitive Stock Purchase Agreement (the “Clean Earth Purchase Agreement”) with Calrissian Holdings, LLC (“Clean Earth Buyer”), CEHI, the other holders of stock and options of CEHI and, as Clean Earth Buyer’s guarantor, Harsco Corporation, pursuant to which Clean Earth Buyer would acquire all of the issued and outstanding securities of CEHI, the parent company of the operating entity, Clean Earth, Inc. On June 28, 2019, Clean Earth Buyer completed the acquisition of all of the issued and outstanding securities of CEHI pursuant to the Clean Earth Purchase Agreement. The Company recognized a gain on the sale of Clean Earth of $209.3 million during the year ended December 31, 2019. In the first quarter of 2022, the LLC received an income tax refund of approximately $6.0 million related to Clean Earth which was recognized as gain on sale of discontinued operations, net of taxes, in the accompanying consolidated statement of operations.