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Discontinued Operations and Disposals (Tables)
 9 Months Ended
Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations and Disposals The following table outlines the calculation of the initial gain on sale of the Transaction:

Cash proceeds

$

35,000

 

Cash held in indemnity escrow (Restricted cash)

 

5,000

 

Fair value of Vanguard common units

 

3,530

 

Carrying value of lease to Vanguard

 

1,245

 

Estimated future distributions for working capital adjustments and other obligations

 

(4,290

)

Less: Carrying value of net assets disposed

 

(20,500

)

Gain on sale

$

19,985

 

Details of the net (loss) income from discontinued operations, net of tax, were as follows:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Sales

 

$

(210

)

 

$

28,430

 

 

$

62,543

 

 

$

103,105

 

Cost of sales

 

 

(82

)

 

 

(26,359

)

 

 

(65,928

)

 

 

(101,127

)

Gross loss

 

 

(292

)

 

 

2,071

 

 

 

(3,385

)

 

 

1,978

 

Selling, general and administrative expenses

 

 

(396

)

 

 

(1,976

)

 

 

(5,125

)

 

 

(6,723

)

Interest expense

 

 

—

 

 

 

(4

)

 

 

(7

)

 

 

(11

)

Gain on sale of assets

 

 

—

 

 

 

—

 

 

 

19,985

 

 

 

—

 

(Loss) income from discontinued operations before income taxes

 

 

(688

)

 

 

91

 

 

 

11,468

 

 

 

(4,756

)

Recovery of (provision for) income taxes

 

 

412

 

 

 

—

 

 

 

(453

)

 

 

—

 

Net (loss) income from discontinued operations, net of tax

 

$

(276

)

 

$

91

 

 

$

11,015

 

 

$

(4,756

)
The following table summarizes the assets and liabilities of the discontinued operations:

 

 

September 30, 2025

 

 

December 31, 2024

 

ASSETS

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

Trade receivables, net

 

$

—

 

 

$

11,505

 

Inventories, net

 

 

—

 

 

 

11,881

 

Other Receivables

 

 

—

 

 

 

80

 

Prepaid expenses and deposits

 

 

—

 

 

 

1,453

 

Total current assets of discontinued operations

 

 

—

 

 

 

24,919

 

Non-current assets

 

 

 

 

 

 

Property, plant and equipment, net

 

 

—

 

 

 

15,037

 

Right-of-use assets

 

 

—

 

 

 

5,393

 

Total non-current assets of discontinued operations

 

 

—

 

 

 

20,430

 

Total assets of discontinued operations

 

$

—

 

 

$

45,349

 

LIABILITIES

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

Trade payables

 

$

211

 

 

$

13,245

 

Accrued liabilities

 

 

2,397

 

 

 

3,236

 

Lease liabilities - current

 

 

—

 

 

 

1,437

 

Total current liabilities of discontinued operations

 

 

2,608

 

 

 

17,918

 

Non-current liabilities

 

 

 

 

 

 

Lease liabilities - non-current

 

 

—

 

 

 

4,374

 

Total liabilities of discontinued operations

 

$

2,608

 

 

$

22,292