Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

Summary of Discontinued Operations

The following table presents the results of operations of the discontinued operations.

	Years Ended December 31,
	2020		2019		2018
Net sales	$	225,255	$	357,937	$	246,463
Cost of sales (exclusive of depreciation and amortization shown separately below)	160,464		249,157		175,787
Selling, general, and administrative expense	20,779		34,328		20,927
Acquisition related costs excluded from selling, general and administrative expense	—		—		5,763
Depreciation and amortization	35,731		46,950		28,102
Restructuring and integration expense, net	—		—		1,438
Goodwill impairment	146,757		—		—
Other operating expense (income), net	41		20		(737)
Income (loss) from operations	(138,517)		27,482		15,183
Interest expense	48,893		44,125		49,928
Loss on extinguishment of debt and write-off of debt issuance costs	1,388		2,753		19,562
Other expense (income), net	(322)		178		(675)
Loss from discontinued operations before costs of disposal and benefit for income taxes	(188,476)		(19,574)		(53,632)
Benefit for income taxes	12,468		3,582		11,865
Loss from discontinued operations before gain on disposal	(176,008)		(15,992)		(41,767)
Gain on disposal of discontinued operations	212,319		—		—
Benefit for income taxes on gain on disposal	2,587		—		—
Income (loss) from discontinued operations, net of tax	$	38,898	$	(15,992)	$	(41,767)

The following table summarizes the amount of interest expense related to the credit facility that has been reclassified to discontinued operations.

	Years Ended December 31,
	2020		2019		2018
Interest on debt	$	35,147	$	40,996	$	46,406
Amortization of debt issuance costs	13,990		3,368		3,571
Capitalized interest and other	(244)		(239)		(49)
Total interest expense of discontinued operations	$	48,893	$	44,125	$	49,928

The following table summarizes the carrying amounts of major classes of assets and liabilities of discontinued operations for each of the periods presented.

	December 31, 2020		December 31, 2019
Cash and cash equivalents	$	—	$	13,792
Accounts receivable, net	—		48,318
Inventories	—		51,644
Other current assets	—		3,246
Total current assets of discontinued operations	—		117,000
Property, plant and equipment, net	—		118,536
Operating lease right-of-use assets	—		20,044
Goodwill	—		344,316
Intangible assets, net	—		211,847
Other non-current assets	—		311
Total non-current assets of discontinued operations	—		695,054
Total assets of discontinued operations	$	—	$	812,054
Accounts payable	$	—	$	16,367
Accrued salaries, wages and benefits	—		14,844
Income tax payable	—		344
Current portion of operating lease liabilities	—		2,364
Other current liabilities	—		7,627
Total current liabilities of discontinued operations	—		41,546
Deferred tax liabilities	—		61,338
Operating lease liabilities, net of current portion	—		18,405
Other non-current liabilities	—		4,456
Total non-current liabilities of discontinued operations	—		84,199
Total liabilities of discontinued operations	$	—	$	125,745

The following table presents the significant noncash items and cash paid for capital expenditures of discontinued operations for each period presented.

	Years Ended December 31,
	2020		2019		2018
Depreciation and amortization	$	35,731	$	46,950	$	28,102
Goodwill impairment	146,757		—		—
Amortization of debt issuance costs	13,990		3,368		3,571
Loss on extinguishment of debt and write-off of debt issuance costs	1,388		2,753		19,562
Acquisition of property, plant and equipment	8,416		21,834		14,759
Right-of-use assets obtained in exchange for new finance lease liabilities	695		5,321		—
Right-of-use assets obtained in exchange for new operating lease liabilities (1)	6,174		51		—

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(1) Includes new leases, renewals, and modifications after the adoption of ASC Topic 842, Leases, on January 1, 2019.