XML 26 R11.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Discontinued Operation | 12 Months Ended
--- | ---
Dec. 31, 2018
Discontinued Operation |
Discontinued Operation | 4. Discontinued Operation On August 3, 2018, the Company completed the sale of its United Kingdom facilities that comprised the U.K. Limited reporting segment. The Company did not retain significant continuing involvement with the discontinued operation subsequent to the disposal. In connection with the sale, the Company performed a goodwill impairment test and recorded a charge of $6,366 in the second quarter of 2018. The impairment was a result of continued market softness in the U.K. Limited segment, resulting in lower sales and margins and an expected sales price below the carrying value of the segment. The Company also recorded an impairment charge of $1,249 to customer relationship intangible assets related to the U.K. Limited segment in the second quarter of 2018. The Company recorded a $7,248 loss on sale of U.K Limited for the year ended December 31, 2018. In connection with the substantial liquidation of the foreign entity, the Company released the related cumulative translation adjustment from accumulated other comprehensive loss into loss from discontinued operations. This adjustment was $3,983 and is included in other expense (income), net in the schedule below. As of December 31, 2017, the carrying amounts of the major classes of assets and liabilities of the discontinued operation were as follows:
|  | December 31, 2017
Assets: |  |  |
Accounts receivable |  | $ | 5,006
Inventories |  |  | 2,438
Other assets |  |  | 506
Plant, equipment and leasehold improvements |  |  | 4,864
Intangible assets |  |  | 1,379
Goodwill |  |  | 6,458
Total assets of discontinued operation |  |  | 20,651
Liabilities: |  |  |
Accounts payable |  |  | 3,307
Other current liabilities |  |  | 1,866
Other long-term liabilities |  |  | 496
Total liabilities of discontinued operation |  | $ | 5,669
The major line items constituting the (loss) income of the discontinued operation for the year ended December 31, 2018 and 2017 were as follows:
|  | For the year ended
|  | December 31,
|  | 2018 |  | 2017
Total net sales |  | $ | 10,741 |  | $ | 31,119
Total cost of sales |  |  | 10,222 |  |  | 24,331
Selling, general and administrative |  |  | 4,336 |  |  | 5,591
Impairments |  |  | 7,615 |  |  | —
Other expense (income), net |  |  | 4,006 |  |  | (43)
Pretax (loss) income from discontinued operation |  |  | (15,438) |  |  | 1,240
Pretax loss on sale of discontinued operation |  |  | (7,248) |  |  | —
Total pretax (loss) income on discontinued operation |  |  | (22,686) |  |  | 1,240
Income tax benefit (expense) |  |  | 23 |  |  | (165)
Net income (loss) from discontinued operation |  | $ | (22,663) |  | $ | 1,075

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 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
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration