XML 40 R27.htm IDEA: XBRL DOCUMENT
v3.19.2

DISCONTINUED OPERATIONS (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2019
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of components of assets and liabilities that are attributable to discontinued operations | The components of assets and liabilities that are attributable to discontinued operations are as follows (in thousands):
|  | June 30, |  |  | December 31, |
|  | 2019 |  |  | 2018 |
Assets of discontinued operations: |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 6 |  |  | $ | 11 |
Accounts receivable - trade, net |  |  | 15,397 |  |  |  | 12,944 |
Inventories, net |  |  | 20,131 |  |  |  | 23,632 |
Income taxes receivable |  |  | — |  |  |  | 566 |
Prepaid expenses |  |  | 604 |  |  |  | 514 |
Property, plant and equipment, net |  |  | 4,300 |  |  |  | 4,406 |
Right of use asset |  |  | 1,928 |  |  |  | 2,124 |
Deferred income taxes |  |  | 78 |  |  |  | 134 |
Intangible assets, net |  |  | 3,377 |  |  |  | 3,460 |
Goodwill |  |  | 5,557 |  |  |  | 5,557 |
Assets of discontinued operations |  | $ | 51,378 |  |  | $ | 53,348 |
Liabilities of discontinued operations: |  |  |  |  |  |  |  |
Bank overdrafts |  | $ | 793 |  |  | $ | 1,690 |
Accounts payable and accrued liabilities |  |  | 20,278 |  |  |  | 18,894 |
Income taxes payable |  |  | 655 |  |  |  | 778 |
Pension deficit |  |  | 3 |  |  |  | 148 |
Other long-term liabilities |  |  | 2,090 |  |  |  | 2,187 |
Liabilities of discontinued operations |  | $ | 23,819 |  |  | $ | 23,697 |
Schedule of discontinued operations of the liquid-filled and dry-type transformer manufacturing businesses in the Consolidated Statement of Operations | The following table presents the discontinued operations of the liquid-filled and dry-type transformer manufacturing businesses in the Consolidated Statement of Operations (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Revenues |  | $ | 19,003 |  |  | $ | 21,599 |  |  | $ | 40,684 |  |  | $ | 42,530 |
Costs and Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of goods sold |  |  | 16,047 |  |  |  | 16,874 |  |  |  | 33,886 |  |  |  | 33,749 |
Selling, general and administrative |  |  | 2,275 |  |  |  | 2,832 |  |  |  | 4,715 |  |  |  | 5,395 |
Foreign exchange loss (gain) |  |  | 143 |  |  |  | 197 |  |  |  | (491 | ) |  |  | 272 |
Interest expense |  |  | 275 |  |  |  | 520 |  |  |  | 550 |  |  |  | 948 |
Other expense (income) |  |  | — |  |  |  | (1 | ) |  |  | 48 |  |  |  | 96 |
Total costs and expenses |  |  | 18,740 |  |  |  | 20,422 |  |  |  | 38,708 |  |  |  | 40,460 |
Income before provision for income taxes |  |  | 263 |  |  |  | 1,177 |  |  |  | 1,976 |  |  |  | 2,070 |
Income tax expense |  |  | 131 |  |  |  | 315 |  |  |  | 533 |  |  |  | 476 |
Income from discontinued operations, net of income taxes |  | $ | 132 |  |  | $ | 862 |  |  | $ | 1,443 |  |  | $ | 1,594 |
Schedule of discontinued operations of the liquid-filled and dry-type transformer manufacturing businesses in the Consolidated Statements of Cash Flows | The following table presents the discontinued operations of the liquid-filled and dry-type transformer manufacturing businesses in the Consolidated Statements of Cash Flows (in thousands):
|  | Six Months Ended June 30, |
|  | 2019 |  |  | 2018 |
Net cash provided by operating activities |  | $ | 2,793 |  |  | $ | 1,580 |
Net cash used in investing activities |  |  | (97 | ) |  |  | (57 | )
Net cash used in financing activities |  |  | (2,607 | ) |  |  | (1,685 | )
Effect of foreign exchange on cash and cash equivalents |  |  | (94 | ) |  |  | 152 |
Increase in cash and cash equivalents |  | $ | (5 | ) |  | $ | (10 | )

X
- Definition Schedule of discontinued operations of liquidfilled and drytype transformer manufacturing business consolidated statement of operations. + References No definition available. + Details
Name: | ppsi_ScheduleOfDiscontinuedOperationsOfLiquidfilledAndDrytypeTransformerManufacturingBusinessesInConsolidatedStatementOfOperations
Namespace Prefix: | ppsi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of discontinued operations of liquidfilled and drytype transformer manufacturing business consolidated statement of cash flows. + References No definition available. + Details
Name: | ppsi_ScheduleOfDiscontinuedOperationsOfLiquidfilledAndDrytypeTransformerManufacturingBusinessesInConsolidatedStatementsOfCashFlows
Namespace Prefix: | ppsi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration