XML 38 R23.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Discontinued Operations and Related Assets Held for Sale (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2018
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations and Related Assets Held for Sale | The following tables summarize the results of the Engineered Solutions business segment, reclassified as discontinued operations for the three and six months ended June 30, 2018 and 2017.
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
| (in thousands)
Net sales | $ | 13 |  |  | $ | 32,428 |  |  | $ | 2,468 |  |  | $ | 64,193 |
Cost of sales | 142 |  |  | 28,610 |  |  | 1,335 |  |  | 57,022 |
Gross (loss) profit | (129 | ) |  | 3,818 |  |  | 1,133 |  |  | 7,171 |
Research and development | — |  |  | 711 |  |  | — |  |  | 1,281 |
Selling and administrative expenses | 114 |  |  | 4,106 |  |  | (244 | ) |  | 7,800 |
Gain on sale of assets | — |  |  | — |  |  | — |  |  | — |
Impairments | — |  |  | 2,800 |  |  | — |  |  | 5,300 |
Operating (loss) income | (243 | ) |  | (3,799 | ) |  | 1,377 |  |  | (7,210 | )
Other (income) expense | 72 |  |  | (47 | ) |  | 66 |  |  | (18 | )
Interest expense | — |  |  | 524 |  |  | — |  |  | 1,133 |
(Loss) income from discontinued operations before income taxes | (315 | ) |  | (4,276 | ) |  | 1,311 |  |  | (8,325 | )
Benefit from income taxes on discontinued operations | — |  |  | (226 | ) |  | — |  |  | (209 | )
(Loss) income from discontinued operations | $ | (315 | ) |  | $ | (4,050 | ) |  | $ | 1,311 |  |  | $ | (8,116 | )
The significant components of our Statements of Cash Flows for the Engineered Solutions business segment held for sale are as follows:
| For the Six Months Ended June 30,
| 2018 |  | 2017
| (dollars in thousands)
Depreciation and amortization | $ | — |  |  | $ | 2,311 |
Impairment | — |  |  | 5,300 |
Deferred income taxes | — |  |  | (209 | )
Capital expenditures | — |  |  | 432 |
The following table summarizes the carrying value of the assets and liabilities of discontinued operations as of June 30, 2018 and December 31, 2017.
| As of June 30, 2018 |  | As of December 31, 2017
| (dollars in thousands)
Assets of discontinued operations: |  |  |
Accounts receivable | $ | 1,234 |  |  | $ | 3,351 |
Inventories | 191 |  |  | 502 |
Prepaid expenses and other current assets | 326 |  |  | 1,137 |
Net property plant and equipment | — |  |  | 226 |
Other assets | 96 |  |  | 97 |
Total assets of discontinued operations | 1,847 |  |  | 5,313 |
Liabilities of discontinued operations: |  |  |
Accounts payable | $ | 905 |  |  | $ | 512 |
Accrued income and other taxes | 181 |  |  | 158 |
Other accrued liabilities | 1,675 |  |  | 2,742 |
Total current liabilities of discontinued operations | 2,761 |  |  | 3,412 |
Other long-term obligations | 376 |  |  | 376 |
Total liabilities of discontinued operations | $ | 3,137 |  |  | $ | 3,788 |

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=84176398&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84176398&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration