Dispositions (Tables)

3 Months Ended

Mar. 31, 2023

Discontinued Operations and Disposal Groups [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, 2023 and December 31, 2022 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 2023		December 31 2022
Trade accounts receivable, net	$	39,743	$	41,049
Other receivables	4,481		4,037
Inventories	111,447		105,256
Current portion of contract assets	73,204		84,848
Other current assets	34,982		30,950
Property, plant and equipment, net	41,919		41,004
Right-of-use assets, net	5,292		5,635
Goodwill	13,026		13,026
Intangible assets, net	2,685		2,746
Deferred income tax assets	5,825		6,887
Other assets	806		807
Total Rail assets included in Assets held-for-sale	$	333,410	$	336,245
Accounts payable	$	56,212	$	49,083
Accrued compensation	2,384		1,211
Current portion of operating lease liabilities	2,649		2,635
Current portion of advances on contracts	37,356		45,037
Other current liabilities	60,468		61,039
Operating lease liabilities	2,800		3,121
Deferred tax liabilities	5,688		5,480
Other liabilities	454		861
Total Rail liabilities included in Liabilities of assets held-for-sale	$	168,011	$	168,467

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)	2023		2022
Amounts directly attributable to the former Harsco Rail Segment:
Service revenues	$	7,720	$	6,710
Product revenues (a)	57,332		45,113
Cost of services sold	5,626		4,295
Cost of products sold	45,743		72,546
Income (loss) from discontinued businesses	2,751		(35,895)
Additional amounts allocated to the former Harsco Rail Segment:
Selling, general and administrative expenses (b)	$	477	$	1,649

(a) The increase in product revenues and decrease in cost of products sold for 2023 compared with 2022 is due, in part, to liquidated damages and penalties on certain long-term contracts, as discussed below.

(b) The Company includes costs to sell the Rail business in the caption Income (loss) from discontinued businesses in the Condensed Consolidated Statements of 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)	2023	2022
Cash flows from investing activities
Purchases of property, plant and equipment	665	506