Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2021

Business Combinations [Abstract]

Summary of assets acquired and liabilities assumed

The fair value recorded for the assets acquired and liabilities assumed for ESOL is as follows:

(In millions)	April 6 2020		Measurement Period Adjustments		Final Valuation
Cash and cash equivalents	$	0.4	$	—	$	0.4
Trade accounts receivable	124.1		(1.5)		122.6
Inventory	5.0		—		5.0
Other current assets	0.7		(0.7)		—
Property, plant and equipment	105.3		(3.9)		101.4
Right-of-use assets, net	56.0		—		56.0
Goodwill	152.0		1.3		153.3
Intangible assets	161.0		—		161.0
Other assets	0.2		—		0.2
Accounts payable	(48.6)		(1.5)		(50.1)
Accrued expenses	(17.5)		(1.8)		(19.3)
Current portion of operating lease liabilities	(16.6)		—		(16.6)
Other current liabilities	(6.4)		(0.2)		(6.6)
Environmental liabilities	(24.4)		—		(24.4)
Deferred income taxes	(15.5)		(1.5)		(17.0)
Operating lease liabilities	(39.4)		—		(39.4)
Total identifiable net assets of ESOL	436.3		(9.8)		426.5
Non-compete agreement	2.5		—		2.5
Total identifiable net assets of ESOL, including non-compete agreement	$	438.8	$	(9.8)	$	429.0

The fair value recorded for the assets acquired and liabilities assumed for Clean Earth is as follows:

(In millions)	June 28 2019		Measurement Period Adjustments		Final Valuation
Cash and cash equivalents	$	42.8	$	(39.2)	$	3.6
Trade accounts receivable, net	63.7		(1.2)		62.5
Other receivables	0.8		1.3		2.1
Other current assets	8.7		(1.4)		7.3
Property, plant and equipment	75.6		1.4		77.0
Right-of-use assets, net	14.4		11.4		25.8
Goodwill	313.8		16.8		330.6
Intangible assets	261.1		(18.9)		242.2
Other assets	4.0		(2.8)		1.2
Accounts payable	(23.0)		(0.1)		(23.1)
Acquisition consideration payable	(39.2)		39.2		—
Other current liabilities	(18.0)		(1.7)		(19.7)
Net deferred taxes liabilities	(51.2)		5.5		(45.7)
Operating lease liabilities	(11.1)		(8.4)		(19.5)
Other liabilities	(6.5)		(2.1)		(8.6)
Total identifiable net assets of Clean Earth	$	635.9	$	(0.2)	$	635.7

Summary of intangible assets and amortization periods

The following table details the valuation of identifiable intangible assets and amortization periods for ESOL and the non-compete agreement:

(Dollars in millions)	Weighted-Average Amortization Period	April 6 2020		Measurement Period Adjustments		Final Valuation
Permits and rights	22 years	$	138.0	$	—	$	138.0
Customer relationships	10 years	23.0		—		23.0
Total identifiable intangible assets of ESOL		161.0		—		161.0
Non-compete agreement	4 years	2.5		—		2.5
Total identifiable intangible assets acquired		$	163.5	$	—	$	163.5

The following table details the valuation of identifiable intangible assets and amortization periods for Clean Earth:

(Dollars in millions)	Weighted-Average Amortization Period	June 28 2019		Measurement Period Adjustments		Final Valuation
Permits	18 years	$	176.1	$	(6.0)	$	170.1
Customer relationships and backlog	8 years	33.4		(12.9)		20.5
Air rights	Usage based (b)	25.6		—		25.6
Trade names	12 years	26.0		—		26.0
Total identifiable intangible assets of Clean Earth		$	261.1	$	(18.9)	$	242.2

(b)    The Company estimates that based on current usage that the expected useful life would be 27 years.

Disposal Groups, Including Discontinued Operations

The former Harsco Rail Segment's balance sheet positions as of December 31, 2021 and 2020 are presented as Assets held-for-sale and Liabilities of assets held-for-sale in the Consolidated Balance Sheets and are summarized as follows:

(in thousands)	December 31 2021		December 31 2020
Trade accounts receivable, net	$	33,689	$	52,077
Other receivables	4,740		3,045
Inventories	103,560		112,013
Current portion of contract assets	94,597		52,240
Other current assets	25,442		27,703
Property, plant and equipment, net	39,524		37,855
Right-of-use assets, net	3,108		4,354
Goodwill	13,026		13,026
Intangible assets, net	3,081		3,449
Deferred income tax assets	6,064		4,906
Other assets	6,432		6,316
Total Rail assets included in Assets held-for-sale	$	333,263	$	316,984
Accounts payable	$	46,076	$	53,937
Accrued compensation	2,171		1,503
Current portion of operating lease liabilities	1,619		1,745
Current portion of advances on contracts	62,401		37,462
Other current liabilities	49,732		33,280
Advances on contracts	—		44,731
Operating lease liabilities	1,775		2,734
Deferred tax liabilities	5,736		4,461
Other liabilities	982		925
Total Rail liabilities included in Liabilities of assets held-for-sale	$	170,492	$	180,778

TCertain key selected financial information included in Income (loss) from discontinued operations, net of tax for the former Harsco Rail Segment is as follows:

	Years ended December 31
(In thousands)	2021		2020		2019
Amounts directly attributable to the former Harsco Rail Segment:
Service revenues	$	32,425	$	31,642	$	30,254
Product revenues	266,221		298,189		269,119
Cost of services sold	17,272		23,480		21,883
Cost of products sold	251,897		235,040		192,310
Income (loss) from discontinued businesses	(19,967)		23,096		25,406
Additional amounts allocated to the former Harsco Rail Segment:
Selling, general and administrative expenses (a)	$	178	$	—	$	—

The following is selected financial information included on the Consolidated Statements of Cash Flows attributable to the former Harsco Rail Segment:

	Years Ended December 31
(In thousands)	2021		2020		2019
Non-cash operating items
Depreciation and amortization	$	4,329	$	5,450	$	4,876
Cash flows from investing activities
Purchases of property, plant and equipment	1,406		7,962		15,274

Certain key selected financial information included in net income from discontinued operations for the former Harsco Industrial Segment is as follows:

	Years ended December 31
(In thousands)	2021		2020		2019
Amounts directly attributable to the former Harsco Industrial Segment:
Total revenues	$	—	$	10,203	$	306,972
Cost of products sold	—		8,082		224,811
Gain on sale from discontinued businesses	—		18,281		569,135
Income (loss) from discontinued businesses	(3,510)		(1,578)		27,823
Additional amounts allocated to the former Harsco Industrial Segment:
Selling, general and administrative expenses (c)	$	3,510	$	2,695	$	8,429
Interest expense (d)	—		—		11,237
Loss on early extinguishment of debt (e)	—		—		5,314

(c) The Company allocated directly attributable transaction costs to discontinued operations. In addition, this caption includes costs directly attributable to retained contingent liabilities of the former Harsco Industrial Segment.

(d) The Company allocated interest expense, including a portion of the amount reclassified into income for the Company's interest rate swaps, amortization of deferred financing costs, and $2.7 million related to interest rate swap terminations which were directly attributed with the mandatory repayment of certain debt resulting from the AXC disposal.

(e)    The Company allocated the $5.3 million write-off of deferred financing costs to discontinued operations as it directly attributed to the mandatory repayment of certain debt resulting from the AXC disposal.