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Discontinued Operations | 9 Months Ended
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Sep. 30, 2021
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | Discontinued OperationsOn September 4, 2020, the Company completed the sale of the issued and outstanding membership interests of its upstream oil and gas test and inspection business, IOS Test and Inspection Services. Proceeds from the sale were $4,000 and resulted in a loss of $10,034, net of tax. The Company has reflected the results of operations of the IOS Test and Inspection Services business as discontinued operations in the Condensed Consolidated Financial Statements for all periods presented. The IOS Test and Inspection Services business was historically included in the legacy Tubular and Energy segment, whose remaining divisions are now included as part of the Infrastructure Solutions segment. The following table provides the net sales and income (losses) from discontinued operations for the three and nine months ended September 30, 2020:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2021 |  | 2020 |  | 2021 |  | 2020
Net sales |  | $ | — |  |  | $ | 2,520 |  |  | $ | — |  |  | $ | 13,590 |
Income (loss) from discontinued operations before income taxes |  | 72 |  |  | (306) |  |  | 72 |  |  | (10,393) |
Income tax benefit from discontinued operations |  | — |  |  | 592 |  |  | — |  |  | 2,371 |
Loss on the sale of discontinued operations |  | — |  |  | (13,172) |  |  | — |  |  | (13,172) |
Income tax benefit on the sale of discontinued operations |  | — |  |  | 3,138 |  |  | — |  |  | 3,138 |
Income (loss) from discontinued operations |  | $ | 72 |  |  | $ | (9,748) |  |  | $ | 72 |  |  | $ | (18,056) |

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- Definition The entire disclosure 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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