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Discontinued Operations (Tables) | 12 Months Ended
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Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | The following table provides the net sales and losses from discontinued operations for the periods presented:
|  | December 31,
|  | 2020 |  | 2019 |  | 2018
Net sales |  | $ | 13,590 |  |  | $ | 38,629 |  |  | $ | 45,905 |
Loss from discontinued operations |  | (10,807) |  |  | (6,742) |  |  | (2,142) |
Income tax benefit |  | 2,600 |  |  | 1,336 |  |  | 1,560 |
Loss on the sale of discontinued operations |  | (13,172) |  |  | — |  |  | — |
Income tax benefit on the sale of discontinued operations |  | 3,138 |  |  | — |  |  | — |
Loss from discontinued operations |  | $ | (18,241) |  |  | $ | (5,406) |  |  | $ | (582) |
The assets and liabilities of the discontinued operations as of December 31, 2019 were as follows:
|  | December 31, 2019
Current assets: |  |
Accounts receivable - net |  | $ | 4,959 |
Inventories - net |  | 840 |
Other current assets |  | 509 |
Total current assets |  | 6,308 |
Property, plant, and equipment - net |  | 21,879 |
Operating lease right-of-use assets - net |  | 1,994 |
Other assets: |  |
Other intangibles - net |  | 1,401 |
Deferred tax assets (1) |  | 9,116 |
Other assets |  | 83 |
Total assets |  | $ | 40,781 |
Current liabilities: |  |
Accounts payable |  | $ | 3,332 |
Accrued payroll and employee benefits |  | 902 |
Current maturities of long-term debt |  | 28 |
Other accrued liabilities |  | 1,376 |
Total current liabilities |  | 5,638 |
Long-term debt |  | 13 |
Long-term operating lease liabilities |  | 1,256 |
Other long-term liabilities |  | 4,342 |
Total liabilities |  | $ | 11,249 |
(1) The assets of discontinued operations as of December 31, 2019 included $9,116 attributable to IOS Acquisitions, Inc. As part of the Company’s restructuring activities in the second quarter of 2020, IOS Acquisitions, Inc. was converted to a limited liability company and subsequently treated as a disregarded entity for income tax purposes. As a result of this transaction, the deferred tax assets were not transferred upon the disposition of the Test and Inspection Services business and have been retained by the Company.

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