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Discontinued Operations | 12 Months Ended
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Dec. 31, 2018
Discontinued Operations [Abstract] |
Discontinued Operations Disclosure [Text Block] | 6. Discontinued Operations On January 22, 2018, the Company sold substantially all the assets of its wholly owned subsidiary, Denville, for approximately $20.0 million, which includes a $3.0 million earn-out provision (the Denville Transaction). Upon the closing of the transaction, the Company received $15.7 million. The $3.0 million earn-out provision represents consideration that is contingent on Denville achieving certain performance metrics over a period of two years. The following table is a rec onciliation of the carrying amounts of major assets and liabilities of Denville classified as held for sale in the Company’s consolidated balance sheet as of December 31, 2017.
|  |  |  | December 31,
|  |  |  | 2017
|  |  | (in thousands)
Carrying amounts of major classes of assets |  |  |
| Cash |  | $ | 541
| Accounts receivable, net |  |  | 2,854
| Inventories |  |  | 4,505
| Other receivables and other assets |  |  | 504
| Current assets held for sale |  |  | 8,404
| Property, plant and equipment |  |  | 397
| Amortizable intangible assets |  |  | 5,930
| Allocation of goodwill |  |  | 3,633
| Long term assets held for sale |  |  | 9,960
Total assets of the disposal group classified as held for sale in the consolidated balance sheet |  | $ | 18,364
Carrying amounts of major classes of liabilities |  |  |
| Accounts payable and accrued expenses |  | $ | 1,736
| Other current liabilities |  |  | 121
| Current liabilities held for sale |  |  | 1,857
| Deferred income tax liabilities |  |  | 1,311
| Long term liabilities held for sale |  |  | 1,311
Total liabilities of the disposal group classified as held for sale in the consolidated balance sheet |  | $ | 3,168
The following table is a reconciliation of the major line items of income from discontinued operations presented within the Company’s consolidat ed statements of operations for the years ended December 31, 2018 and 2017.
| Year Ended
| December 31,
| 2018 |  |  | 2017
| (in thousands)
Revenues | $ | 893 |  | $ | 24,475
Cost of revenues |  | (534) |  |  | (16,048)
Operating and other expenses |  | (674) |  |  | (7,893)
Gain on disposal of discontinued operations |  | 1,251 |  |  | -
Income from discontinued operations before income taxes | $ | 936 |  | $ | 534
Income tax benefit |  | (441) |  |  | (617)
Income from discontinued operations |  | 1,377 |  |  | 1,151
Included within the adjustments to reconcile net loss to net cash provided by operating activities in the Company’s consolidated statements of cash flows for the year ended December 31, 2018 and 2017, was amortization of intangible assets for Denville of $47 thousand and $0.9 million, respectively. Depreciation and capital expenditures for Denville were immaterial for both periods presented.

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- Definition The entire disclosure 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 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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