Note 2 - Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2018

Notes Tables

Disposal Groups, Including Discontinued Operations [Table Text Block]

Cash consideration received	$	10,576
Subordinated promissory note, net of $2.6 million fair value adjustment		4,813
5% equity interest in Churchill Downs, Ltd.		168
Total consideration received.		15,557
Less: transaction costs		(1,492	)
Total consideration received, net		14,065
Less assets and liabilities sold
Accounts receivable, net		(3,980	)
Inventory, net		(19,555	)
Prepaid expenses and other current assets		(277	)
Property, plant and equipment, net		(1,419	)
Other assets		(2,080	)
Accounts payable and other liabilities		6,343
Accrued salaries, wages, and benefits		1,214
Deferred revenue		519
Other accrued expenses		370
Deferred compensation		4,312
Supplemental retirement plan		1,675
Other long-term liabilities		370
Accumulated other comprehensive loss		(2,422	)
Net assets sold		(14,930	)
Loss on sale of assets	$	(865	)

	2018			2017
Net sales	$	6,787		$	11,190
Cost of sales		6,485			8,953
Selling, general and administrative expenses		2,438			2,386
Other income, net		-			(4	)
Interest expense, net		10			-
Loss on sale of assets		(865	)		-
Loss from discontinued operations before income taxes		(3,011	)		(145	)
Income tax (benefit) expense		-			(1	)
Loss from discontinued operations, net of taxes	$	(3,011	)	$	(144	)

	March 31,			December 31,
	2018			2017
Cash	$	-		$	975
Accounts receivable, net		-			3,146
Inventory		-			23,231
Prepaid expenses and other current assets		-			541
Property, plant and equipment		-			1,449
Other assets		-			2,128
Total assets		-			31,470
Accounts payable and other liabilities		14			9,252
Accrued salaries, wages, and benefits		360			1,716
Deferred revenue		-			500
Other accrued expenses		186			1,179
Deferred compensation		-			4,101
Supplemental retirement plan		-			1,701
Other long-term liabilities		-			976
Total liabilities		560			19,425
Net (liabilities) assets	$	(560	)	$	12,045