XML 36 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
DISCONTINUED OPERATIONS (Tables)
 3 Months Ended
Mar. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of the components of assets and liabilities that are attributable to discontinued operation

The components of assets and liabilities that are attributable to discontinued operations are as follows:

 

    March 31,     December 31,  
    2018     2017  
    (Unaudited)        
Assets of discontinued operations:                
Accounts receivable - trade, net   $ 1,284     $ 1,568  
Inventories, net     2,615       2,921  
Prepaid expenses     176       214  
Property, plant and equipment, net     452       524  
Right of use asset     74       129  
Intangible assets, net     1,445       1,477  
Other assets     245       240  
Assets of discontinued operations   $ 6,291     $ 7,073  
                 
Liabilities of discontinued operations:                
Bank overdrafts   $ 66     $ 349  
Accounts payable and accrued liabilities     2,314       3,507  
Liabilities of discontinued operations   $ 2,380     $ 3,856  

 
Schedule of discontinued operations in Consolidated Statement of Operations

The following table presents the discontinued operations of the switchgear business in the Consolidated Statement of Operations:

 

    Three Months Ended March 31,  
    2018     2017  
    (Unaudited)        
Revenues   $ 3,702     $ 2,205  
Costs and Expenses                
Cost of goods sold     2,947       1,540  
Operating Expenses     630       626  
Interest income     (1 )     (1 )
Other expense     119       137  
Total costs and expenses     3,695       2,302  
Income (loss) before provision for income taxes     7       (97 )
Income tax benefit     —       —  
Income (loss) from discontinued operations, net of income taxes   $ 7     $ (97 )
Schedule of discontinued operations in Consolidated Statements of Cash Flows

The following table presents the switchgear business in the Consolidated Statements of Cash Flows:

  

    Three Months Ended March 31,  
    2018     2017  
Net cash used in operating activities   $ (405 )   $ (1,283 )
Net cash used in investing activities     —       (8 )
Net cash provided by financing activities     405       1,291  
Increase in cash and cash equivalents   $ —     $ —