XML 31 R19.htm IDEA: XBRL DOCUMENT v3.21.2
Discontinued Operations
 6 Months Ended
Jun. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations

10. Discontinued Operations

 

The Company’s discontinued operations consist of all our subsidiaries included in our previous Industrial Segment which encompasses subsidiaries divested in 2011 and prior and three previously closed locations.

 

The Company’s discontinued operations had net losses of $127,000 and $85,000 for the three months ended June 30, 2021 and 2020, respectively (net of taxes of $0 for each period) and net losses of $242,000 and $199,000 for the six months ended June 30, 2021 and 2020, respectively, (net of taxes of $0 for each period). The losses were primarily due to costs incurred in the administration and continued monitoring of our discontinued operations. The Company’s discontinued operations had no revenues for each of the periods noted above.

 

The following table presents the major class of assets of discontinued operations as of June 30, 2021 and December 31, 2020. No assets and liabilities were held for sale at each of the periods noted.

 

   June 30,   December 31, 
(Amounts in Thousands)  2021   2020 
Current assets          
Other assets  $17   $22 
Total current assets   17    22 
Long-term assets          
Property, plant and equipment, net (1)   81    81 
Other assets   —    —  
Total long-term assets   81    81 
Total assets  $98   $103 
Current liabilities          
Accounts payable  $4   $4 
Accrued expenses and other liabilities   142    150 
Environmental liabilities   671    744 
Total current liabilities   817    898 
Long-term liabilities          
Closure liabilities   146    142 
Environmental liabilities   110    110 
Total long-term liabilities   256    252 
Total liabilities  $1,073   $1,150 

 

(1) net of accumulated depreciation of $10,000 for each period presented.