Discontinued Operations (Tables) |
9 Months Ended |
|---|---|
Sep. 30, 2021 | |
| Discontinued Operations [Abstract] | |
| Schedule of Discontinued Operations Assets and Liabilities Classified as Held-for-Sale | September 30, 2021 December 31, 2020 Cash and cash equivalents $ — $ 303,000 Trade accounts receivable — 5,775,000 Inventories — 8,561,000 Other current assets — 439,000Total current assets $ — $ 15,078,000 Property, plant, and equipment $ 846,000 $ 1,154,000Right of use asset 129,000Total noncurrent assets $ 846,000 $ 1,283,000 Total assets held for sale $ 846,000 $ 16,361,000 Accounts payable $ — $ 1,669,000Accrued compensation and benefits — 767,000Operating lease liability — 86,000Other accrued liabilities — 1,206,000Total current liabilities $ — $ 3,728,000 Operating lease liability $ — $ 30,000Total noncurrent liabilities $ — $ 30,000 Total liabilities held for sale $ — $ 3,758,000 |
| Schedule of Financial Results of Discontinued Operations | Three Months Ended September 30 Nine Months Ended September 30 2021 2020 2021 2020Sales $ 2,806,000 $ 9,067,000 $ 20,478,000 $ 30,354,000Cost of sales 1,789,000 5,027,000 11,774,000 17,894,000Selling, general and administrative expenses 1,044,000 2,848,000 7,090,000 10,310,000Transaction costs 982,000 — 2,141,000 —Impairment loss 100,000 — 100,000 —Restructuring expenses 1,287,000 194,000 1,287,000 958,000Gain on sale of assets (13,455,000) (19,000) (13,455,000) (2,057,000)Foreign currency translation loss 642,000 — 642,000 —Other expense 4,000 61,000 61,000 317,000Operating income before income taxes 10,413,000 956,000 10,838,000 2,932,000Income tax expense 2,000 (5,000) 2,000 —Income from discontinued operations $ 10,411,000 $ 961,000 $ 10,836,000 $ 2,932,000 |