Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2020

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table provides the net sales and losses from discontinued operations for the periods presented:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Net sales	$	2,520	$	9,428	$	13,590	$	30,581
Loss from discontinued operations	(306)		(1,475)		(10,393)		(2,964)
Income tax benefit	592		785		2,371		1,509
Loss on the sale of discontinued operations	(13,172)		—		(13,172)		—
Income tax benefit on the sale of discontinued operations	3,138		—		3,138		—
Loss from discontinued operations	$	(9,748)	$	(690)	$	(18,056)	$	(1,455)

The assets and liabilities of the discontinued operations as of December 31, 2019 were as follows:

	December 31, 2019
Current assets:
Accounts receivable - net	$	4,959
Inventories - net	840
Other current assets	509
Total current assets	6,308
Property, plant, and equipment - net	21,879
Operating lease right-of-use assets - net	1,994
Other assets:
Other intangibles - net	1,401
Deferred tax assets (1)	9,116
Other assets	83
Total assets	$	40,781
Current liabilities:
Accounts payable	$	3,332
Accrued payroll and employee benefits	902
Current maturities of long-term debt	28
Other accrued liabilities	1,376
Total current liabilities	5,638
Long-term debt	13
Long-term operating lease liabilities	1,256
Other long-term liabilities	4,342
Total liabilities	$	11,249

(1) The assets of discontinued operations as of December 31, 2019 included $9,116 attributable to IOS Acquisitions, Inc. As part of the Company's restructuring activities in the second quarter of 2020, IOS Acquisitions, Inc. was converted to a limited liability company and subsequently treated as a disregarded entity for income tax purposes. As a result of this transaction, the deferred tax assets were not transferred upon the disposition of the Test and Inspection Services business.