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DISCONTINUED OPERATIONS (Tables)
 9 Months Ended
Sep. 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):

 

   September 30,   December 31, 
   2019   2018 
Assets of discontinued operations:          
Cash and cash equivalents  $—   $11 
Accounts receivable - trade, net   —    12,944 
Inventories, net   —    23,632 
Income taxes receivable   —    566 
Prepaid expenses   —    514 
Property, plant and equipment, net   —    4,406 
Right of use asset   —    2,124 
Deferred income taxes   —    134 
Intangible assets, net   —    3,460 
Goodwill   —    5,557 
Assets of discontinued operations  $—   $53,348 
           
Liabilities of discontinued operations:          
Bank overdrafts  $—   $1,690 
Accounts payable and accrued liabilities   —    18,894 
Income taxes payable   —    778 
Pension deficit   —    148 
Other long-term liabilities   —    2,187 
Liabilities of discontinued operations  $—   $23,697 
Schedule of discontinued operations 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 September 30,  Nine Months Ended September 30,
   2019  2018  2019  2018
Revenues  $5,948   $22,663   $46,631   $65,193 
Costs and Expenses                    
   Cost of goods sold   6,029    18,349    39,915    52,098 
Selling, general and administrative   4,493    2,755    9,207    8,150 
Foreign exchange gain   (342)   (890)   (833)   (618)
Interest expense   103    489    653    1,437 
Other (income) expense   (6)   10    41    106 
Total costs and expenses   10,277    20,713    48,983    61,173 
Gain on sale of discontinued subsidiaries   17,210    —      17,210    —   
Income before provision for income taxes   12,881    1,950    14,858    4,020 
Income tax expense   2,637    488    3,171    964 
Income from discontinued operations, net of income taxes  $10,244   $1,462   $11,687   $3,056 
Schedule of discontinued operations 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):

 

   Nine Months Ended September 30, 
   2019   2018 
Net cash (used in)/provided by operating activities  $(2,043)  $567 
Net cash provided by/(used in) investing activities   41,777    (369)
Net cash (used in)/provided by financing activities   (26,461)   167 
Effect of foreign exchange on cash and cash equivalents   36   76 
   Increase in cash and cash equivalents  $13,309   $441