Discontinued Operations

9 Months Ended

Sep. 30, 2019

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

During the second quarter of 2017, the Company suspended all operations associated with the Fuel Conversion business segment. The components of the net assets of the Fuel Conversion discontinued operations are Assets held for sale (which consists primarily of certain equipment) on the Consolidated Balance Sheets totaling $0 and $485 as of September 30, 2019 and December 31, 2018, respectively. The Company sold the remaining Fuel Conversion equipment within Assets held for sale during the nine month period ended September 30, 2019 for sales proceeds net of selling costs of $505, resulting in a gain on sale of $20 recorded in discontinued operations.  Following the sale of the remaining Fuel Conversion equipment during the third quarter, the Company completed the wind-down activities associated with the Fuel Conversion business segment.

In addition, accrued severance of $0 and $65 is included in the other accrued liabilities line of the Consolidated Balance Sheets as of September 30, 2019 and December 31, 2018, respectively. A total of $5 and $65 was paid during the three and nine months ended September 30, 2019.

The Fuel Conversion business segment had no other assets or liabilities associated with it.

The activity of the Fuel Conversion discontinued operations consisted primarily of storage costs for holding the equipment at a third-party location totaling $2 and $21 for the three and nine months ended September 30, 2019 and the gain on sale of $20 recorded in discontinued operations during the third quarter. The activity for the Fuel Conversion discontinued operations consisted of Research and Development, severance and other costs for the three and nine months ended September 30, 2018 of $10 and $109, respectively. The Fuel Conversion business segment had no revenues associated with it.