Dispositions (Tables)

3 Months Ended

Mar. 31, 2022

Business Combinations [Abstract]

Balance sheet positions and financial information included in net income from discontinued operations and statements of cash flows

The former Harsco Rail Segment's balance sheet positions as of March 31, 2022 and December 31, 2021 are presented as Assets held-for-sale and Liabilities of assets held-for-sale in the Condensed Consolidated Balance Sheets and are summarized as follows:

(in thousands)	March 31 2022		December 31 2021
Trade accounts receivable, net	$	41,546	$	33,689
Other receivables	4,615		4,740
Inventories	102,094		103,560
Current portion of contract assets	94,360		94,597
Other current assets	26,427		25,442
Property, plant and equipment, net	40,009		39,524
Right-of-use assets, net	2,664		3,108
Goodwill	13,026		13,026
Intangible assets, net	2,990		3,081
Deferred income tax assets	6,153		6,064
Other assets	1,224		6,432
Total Rail assets included in Assets held-for-sale	$	335,108	$	333,263
Accounts payable	$	42,874	$	46,076
Accrued compensation	3,023		2,171
Current portion of operating lease liabilities	1,456		1,619
Current portion of advances on contracts	53,732		62,401
Other current liabilities	67,327		49,732
Operating lease liabilities	1,474		1,775
Deferred tax liabilities	5,953		5,736
Other liabilities	898		981
Total Rail liabilities included in Liabilities of assets held-for-sale	$	176,737	$	170,491

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

	Three Months Ended March 31
(In thousands)	2022		2021
Amounts directly attributable to the former Harsco Rail Segment:
Service revenues	$	6,710	$	10,109
Product revenues (a)	44,640		71,481
Cost of services sold	4,675		4,653
Cost of products sold	68,981		59,062
Income (loss) from discontinued businesses	(35,895)		5,155
Additional amounts allocated to the former Harsco Rail Segment:
Selling, general and administrative expenses (b)	$	1,649	$	—

(a) The decrease in product revenues for the three months ended March 31, 2022 as compared to the three months ended March 31, 2021 is principally due to the liquidated damages and penalties on certain long-term contracts, as discussed below.

(b) The Company has allocated directly attributable transaction costs to discontinued operations.

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

	Three Months Ended March 31
(In thousands)	2022		2021
Non-cash operating items
Depreciation and amortization	$	—	$	1,296
Cash flows from investing activities
Purchases of property, plant and equipment	506		365