XML 36 R25.htm IDEA: XBRL DOCUMENT v3.10.0.1
DISCONTINUED OPERATIONS (Tables)
 6 Months Ended
Jun. 30, 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:

 

    June 30,     December 31,  
    2018     2017  
    (Unaudited)        
Assets of discontinued operations:                
Accounts receivable - trade, net   $ 1,010     $ 1,568  
Inventories, net     2,881       2,921  
Prepaid expenses     130       214  
Property, plant and equipment, net     393       524  
Right of use asset     19       129  
Intangible assets, net     1,414       1,477  
Other assets     249       240  
Assets of discontinued operations   $ 6,096     $ 7,073  
                 
Liabilities of discontinued operations:                
Bank overdrafts   $ 48     $ 349  
Accounts payable and accrued liabilities     3,016       3,507  
Liabilities of discontinued operations   $ 3,064     $ 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 June 30,     Six Months Ended June 30,  
    2018     2017     2018     2017  
                         
Revenues   $ 882     $ 3,614     $ 4,584     $ 5,819  
Costs and Expenses                                
Cost of goods sold     1,167       3,365       4,115       4,905  
Operating Expenses     434       449       1,064       1,075  
Interest income     (1 )     (1 )     (3 )     (3 )
Other expense     189       211       307       349  
Total costs and expenses     1,789       4,024       5,483       6,326  
Loss before provision for income taxes     (907 )     (410 )     (899 )     (507 )
Income tax benefit     (189 )     —       (189 )     —  
Loss from discontinued operations, net of income taxes   $ (718 )   $ (410 )   $ (710 )   $ (507 )
Schedule of discontinued operations in Consolidated Statements of Cash Flows

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

 

    Six Months Ended June 30,  
    2018     2017  
Net cash used in operating activities   $ (225 )   $ (1,986 )
Net cash used in investing activities     —       (7 )
Net cash provided by financing activities     225       1,993  
Increase in cash and cash equivalents   $ —     $ —