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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2024
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)June 30, 2024December 31, 2023
Carrying amounts of assets included as part of discontinued operations:
Accounts receivable, net $— $778 
Prepaid expenses and other current assets65 83 
Current assets classified as discontinued operations65 861 
Carrying amounts of current liabilities included as part of discontinued operations:
Accounts payable22 107 
Accrued expenses and other current liabilities1,191 1,366 
Total current liabilities classified as discontinued operations$1,213 $1,473 
The financial results are presented as loss from discontinued operations, net of tax on the unaudited condensed consolidated statements of income (loss). The following table summarizes the results of the Company's discontinued operations:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2024202320242023
Net sales$19 $17,939 $261 $45,531 
Cost of sales951 18,654 1,598 43,419 
Gross profit(932)(715)(1,337)2,112 
Selling, general and administrative expense(41)3,619 141 5,583 
Acquisition costs and other30 119 78 
Asset impairments— 6,388 1,115 6,388 
Loss from discontinued operations before income taxes(921)(10,726)(2,712)(9,937)
Income tax benefit(193)(2,239)(585)(2,039)
Net loss from discontinued operations$(728)$(8,487)$(2,127)$(7,898)
Munhall assets classified as held for sale as are as follows:
(in thousands)June 30, 2024December 31, 2023
Property, plant and equipment, net$1,259 $2,374 
Other assets, net— 538 
Assets held for sale$1,259 $2,912