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Fair Value of Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Assets Held for Sale
The following table presents the aggregate carrying amounts of the classes of assets and liabilities of the Company's discontinued operations:
(in thousands)December 31, 2023December 31, 2022
Carrying amounts of assets included as part of discontinued operations:
Cash and cash equivalents$— $1 
Accounts receivable, net 778 11,918 
Inventories— 46,781 
Prepaid expenses and other current assets83 1,212 
Current assets classified as discontinued operations861 59,912 
Property, plant and equipment, net— 6,812 
Right-of-use assets, operating leases, net— 82 
Intangible assets, net— 386
Other non-current assets, net— 1,904 
Long-term assets classified as discontinued operations— 9,184 
Total assets classified as discontinued operations$861 $69,096 
Carrying amounts of current liabilities included as part of discontinued operations:
Accounts payable$107 $8,617 
Accrued expenses and other current liabilities1,366 1,051 
Current portion of operating lease liabilities— 41 
Total current liabilities classified as discontinued operations$1,473 $9,709 
Carrying amounts of long-term liabilities included as part of discontinued operations:
Long-term portion of operating lease liabilities$— $42 
Total liabilities classified as discontinued operations$1,473 $9,751 
The financial results of the Company's discontinued operations are presented as income from discontinued operations, net of tax on the consolidated statements of income (loss). The following table summarizes the results of the Company's discontinued operations:
(Unaudited)
Three Months Ended December 31,Year Ended
December 31,
(in thousands)2023202220232022
Net sales$7,214 $27,381 $64,760 $152,154 
Cost of sales8,115 30,674 64,507 138,909 
Gross profit(901)(3,293)253 13,245 
Selling, general and administrative expense1,261 2,088 7,587 7,311 
Acquisition costs and other355 96 568 96 
Gain on sale of assets(26,348)— (26,348)— 
Asset impairments— — 8,720 — 
Earnout adjustments— — — (7)
Operating income (loss) of discontinued operations23,831 (5,477)9,726 5,845 
Loss on classification as held for sale— — 83 — 
Income (loss) from discontinued operations before income taxes23,831 (5,477)9,643 5,845 
Income tax provision (benefit)5,157 (1,102)2,121 1,357 
Net income (loss) from discontinued operations$18,674 $(4,375)$7,522 $4,488 
Munhall assets classified as held for sale as are as follows:
(in thousands)December 31, 2023December 31, 2022
Property, plant and equipment, net2,374 — 
Other assets, net538 — 
Assets held for sale$2,912 $— 
Palmer assets classified as held for sale as of December 31, 2023 and 2022 are as follows:

(in thousands)20232022
Inventory, net$— $198 
Property, plant and equipment, net— 182 
Assets held for sale$— $380