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Discontinued Operations (Tables) | 12 Months Ended
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Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Discontinued Operations | 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, 2024 |  | December 31, 2023
Carrying amounts of assets included as part of discontinued operations: |  |  |
Accounts receivable, net | — |  |  | 778 |
Prepaid expenses and other current assets | 46 |  |  | 83 |
Current assets classified as discontinued operations | 46 |  |  | 861 |
Total assets classified as discontinued operations | $ | 46 |  |  | $ | 861 |
Carrying amounts of current liabilities included as part of discontinued operations: |  |  |
Accounts payable | $ | 16 |  |  | $ | 107 |
Accrued expenses and other current liabilities | 575 |  |  | 1,366 |
Total current liabilities classified as discontinued operations | $ | 591 |  |  | $ | 1,473 |
Total liabilities classified as discontinued operations | $ | 591 |  |  | $ | 1,473 |
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) | 2024 |  | 2023 |  | 2024 |  | 2023
Net sales | $ | — |  |  | $ | 7,214 |  |  | $ | 290 |  |  | $ | 64,760 |
Cost of sales | 459 |  |  | 8,115 |  |  | 2,524 |  |  | 64,507 |
Gross profit | (459) |  |  | (901) |  |  | (2,234) |  |  | 253 |
Selling, general and administrative expense | 415 |  |  | 1,261 |  |  | 198 |  |  | 7,587 |
Acquisition costs and other | 242 |  |  | 355 |  |  | 366 |  |  | 568 |
Gain on sale of assets | — |  |  | (26,348) |  |  | (1,541) |  |  | (26,348) |
Asset impairments | — |  |  | — |  |  | 1,115 |  |  | 8,720 |
Operating (loss) income of discontinued operations | (1,116) |  |  | 23,831 |  |  | (2,372) |  |  | 9,726 |
Loss on classification as held for sale | — |  |  | — |  |  | — |  |  | 83 |
(Loss) income from discontinued operations before income taxes | (1,116) |  |  | 23,831 |  |  | (2,372) |  |  | 9,643 |
Income tax (benefit) provision | (5) |  |  | 5,157 |  |  | 1 |  |  | 2,121 |
Net (loss) income from discontinued operations | $ | (1,111) |  |  | $ | 18,674 |  |  | $ | (2,373) |  |  | $ | 7,522 |
assets classified as held for sale as are as follows:
(in thousands) | December 31, 2024 |  | December 31, 2023
Property, plant and equipment, net | — |  |  | 2,374 |
Other assets, net | — |  |  | 538 |
Assets held for sale | $ | — |  |  | $ | 2,912 |

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