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Discontinued Operations (Tables) | 12 Months Ended
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Dec. 31, 2018
Discontinued Operations And Disposal Groups [Abstract] |
Summary of Analysis of Assets and Liabilities Reclassified as Held for Sale and Operating Results and Analysis of Assets Sold and Liabilities Assumed by Buyer and Related Gain on Sale from Transaction and Supplemental Cash Flow Information of Discontinued Business | Following is an analysis of assets and liabilities of M&I reclassified as held for sale at December 31, 2017:
Assets |  |  |  |
Current assets: |  |  |  |
Accounts receivable-trade, net |  | $ | 5,266 |
Inventories, net |  |  | 1,325 |
Contract assets |  |  | 5,841 |
Prepaid expenses and other current assets |  |  | 434 |
Total current portion of assets held for sale |  |  | 12,866 |
Property, plant and equipment, net |  |  | 6,323 |
Intangibles |  |  | 458 |
Retainage receivables |  |  | 785 |
Total non-current assets held for sale |  |  | 7,566 |
Total assets held for sale |  | $ | 20,432 |
Liabilities |  |  |  |
Current liabilities: |  |  |  |
Accounts payable and accrued liabilities |  | $ | 11,616 |
Short-term note payable |  |  | 150 |
Contract liabilities |  |  | 1,792 |
Total liabilities held for sale |  | $ | 13,558 |
The following is an analysis of the results of operations of the discontinued business of M&I for the years ended December 31, 2018 and 2017:
|  | Year ended December 31, |
|  | 2018 |  |  | 2017 |
Net sales |  | $ | 17,899 |  |  | $ | 41,414 |
Cost of sales |  |  | 20,358 |  |  |  | 40,136 |
Selling, general and administrative expenses |  |  | 1,660 |  |  |  | 2,255 |
Interest expense |  |  | 1,298 |  |  |  | 1,054 |
Loss from discontinued operations |  |  | (5,417 | ) |  |  | (2,031 | )
Gain on sale of discontinued operations |  |  | 4,521 |  |  |  | - |
Loss from discontinued operations |  | $ | (896 | ) |  | $ | (2,031 | )
Earnings (loss) per share information: |  |  |  |  |  |  |  |
Basic and diluted |  | $ | (0.10 | ) |  | $ | (0.24 | )
The following is an analysis of assets sold and liabilities assumed by the Buyer and the related gain on the sale from the Transaction:
Assets sold: |  |  |  |
Current assets: |  |  |  |
Accounts receivable-trade, net |  | $ | 3,360 |
Inventories, net |  |  | 1,145 |
Contract assets |  |  | 2,957 |
Prepaid expenses and other current assets |  |  | 117 |
Total current portion of assets held for sale |  |  | 7,579 |
Property, plant and equipment, net |  |  | 5,937 |
Intangibles |  |  | 497 |
Total non-current assets held for sale |  |  | 6,506 |
Total assets held for sale |  | $ | 14,013 |
Liabilities assumed: |  |  |  |
Current liabilities: |  |  |  |
Accounts payable and accrued liabilities |  | $ | 5,664 |
Contract liabilities |  |  | 2,752 |
Total current liabilities |  |  | 8,416 |
Net assets sold |  |  | 5,597 |
Proceeds received after payment of transaction costs of $2,180 |  |  | 10,118 |
Gain on disposition |  | $ | 4,521 |
Following is an analysis of supplemental cashflow information of the discontinued business of M&I for the years ended December 31, 2018 and 2017:
|  | 2018 |  |  | 2017 |
| (in thousands) |
Depreciation | $ |  | 238 |  | $ |  | 644 |
Capital expenditures |  |  | 85 |  |  |  | 738 |

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