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Discontinued Operations (Tables) | 9 Months Ended
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Sep. 30, 2020
Discontinued Operations and Disposal Groups [Abstract] |
Summary of Discontinued Operations and Disposal Groups | The following table presents the results of operations of the discontinued operations.
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019 |  |
Net sales |  | $ | 68,525 |  |  | $ | 93,438 |  |  | $ | 223,944 |  |  | $ | 269,981 |  |  |
Cost of sales (exclusive of depreciation and amortization shown separately below) |  | 50,444 |  |  | 64,420 |  |  | 158,538 |  |  | 186,694 |  |  |
Selling, general and administrative expense |  | 6,164 |  |  | 8,550 |  |  | 20,189 |  |  | 25,917 |  |  |
Depreciation and amortization |  | 12,030 |  |  | 11,337 |  |  | 35,731 |  |  | 35,418 |  |  |
Goodwill impairment |  | — |  |  | — |  |  | 146,757 |  |  | — |  |  |
Other operating expense (income), net |  | 24 |  |  | (94) |  |  | 20 |  |  | (114) |  |  |
Income (loss) from operations |  | (137) |  |  | 9,225 |  |  | (137,291) |  |  | 22,066 |  |  |
Interest expense |  | 12,248 |  |  | 10,928 |  |  | 37,857 |  |  | 33,663 |  |  |
Loss on extinguishment of debt and write-off of debt issuance costs |  | 1,388 |  |  | — |  |  | 1,388 |  |  | 2,391 |  |  |
Other expense (income), net |  | (234) |  |  | (535) |  |  | (325) |  |  | 21 |  |  |
Loss from discontinued operations before costs of disposal and benefit for income taxes |  | (13,539) |  |  | (1,168) |  |  | (176,211) |  |  | (14,009) |  |  |
Benefit for income taxes |  | 39,954 |  |  | 149 |  |  | 59,598 |  |  | 2,159 |  |  |
Income (loss) from discontinued operations before costs of disposal |  | 26,415 |  |  | (1,019) |  |  | (116,613) |  |  | (11,850) |  |  |
Costs of disposal of discontinued operations (1) |  | (6,598) |  |  | — |  |  | (7,956) |  |  | — |  |  |
Benefit for income taxes on disposal costs |  | 513 |  |  | — |  |  | 603 |  |  | — |  |  |
Income (loss) from discontinued operations, net of tax |  | $ | 20,330 |  |  | $ | (1,019) |  |  | $ | (123,966) |  |  | $ | (11,850) |  |  |
_______________________________ (1) Represents legal, accounting, and other incremental direct costs related to the sale of the Life Sciences business that were incurred prior to the closing of the sale. The following table summarizes the amount of interest expense related to the credit facility that has been reclassified to discontinued operations.
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019 |  |
Interest on debt |  | $ | 11,060 |  |  | $ | 10,217 |  |  | $ | 34,410 |  |  | $ | 31,490 |  |  |
Amortization of debt issuance costs |  | 1,215 |  |  | 812 |  |  | 3,692 |  |  | 2,478 |  |  |
Capitalized interest and other |  | (27) |  |  | (101) |  |  | (245) |  |  | (305) |  |  |
Total interest expense of discontinued operations |  | $ | 12,248 |  |  | $ | 10,928 |  |  | $ | 37,857 |  |  | $ | 33,663 |  |  |
The following table summarizes the carrying amounts of major classes of assets and liabilities of discontinued operations for each of the periods presented.
|  | September 30, 2020 |  | December 31, 2019
Cash and cash equivalents |  | $ | 15,986 |  |  | $ | 13,792 |
Accounts receivable, net |  | 37,465 |  |  | 48,318 |
Inventories |  | 49,646 |  |  | 51,644 |
Other current assets |  | 3,042 |  |  | 3,246 |
Total current assets |  | 106,139 |  |  | 117,000 |
Property, plant and equipment, net |  | 114,364 |  |  | 118,536 |
Operating lease right-of-use assets |  | 24,199 |  |  | 20,044 |
Goodwill |  | 197,353 |  |  | 344,316 |
Intangible assets, net |  | 188,584 |  |  | 211,847 |
Other non-current assets |  | 261 |  |  | 311 |
Total non-current assets |  | 524,761 |  |  | 695,054 |
Total assets held for sale (1) |  | $ | 630,900 |  |  | $ | 812,054 |
Accounts payable |  | $ | 11,362 |  |  | $ | 16,367 |
Accrued salaries, wages and benefits |  | 15,709 |  |  | 14,844 |
Income tax payable |  | 218 |  |  | 344 |
Current portion of operating lease liabilities |  | 2,768 |  |  | 2,364 |
Other current liabilities |  | 5,962 |  |  | 7,627 |
Total current liabilities |  | 36,019 |  |  | 41,546 |
Deferred tax liabilities |  | 55,728 |  |  | 61,338 |
Operating lease liabilities, net of current portion |  | 22,333 |  |  | 18,405 |
Other non-current liabilities |  | 6,752 |  |  | 4,456 |
Total non-current liabilities |  | 84,813 |  |  | 84,199 |
Total liabilities held for sale (1) |  | $ | 120,832 |  |  | $ | 125,745 |
_______________________________ (1) As of September 30, 2020, all assets and liabilities held for sale are classified as current on the Condensed Consolidated Balance Sheet because they were expected to be sold within twelve months. The following table presents the significant noncash items and cash paid for capital expenditures of discontinued operations for each period presented.
|  | Nine Months Ended September 30,
|  | 2020 |  | 2019 |  |
Depreciation and amortization |  | $ | 35,731 |  |  | $ | 35,418 |  |  |
Goodwill impairment |  | 146,757 |  |  | — |  |  |
Amortization of debt issuance costs |  | 3,692 |  |  | 2,478 |  |  |
Loss on extinguishment of debt and write-off of debt issuance costs |  | 1,388 |  |  | 2,391 |  |  |
Acquisition of property, plant and equipment |  | 7,626 |  |  | 16,358 |  |  |
Right-of-use assets obtained in exchange for new finance lease liabilities |  | 695 |  |  | 1,208 |  |  |
Right-of-use assets obtained in exchange for new operating lease liabilities (1) |  | 6,174 |  |  | 115 |  |  |
_______________________________ (1) Includes new leases, renewals, and modifications.

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