Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

Summary of financial information has been segregated from continuing operations

The following summarized financial information has been segregated from continuing operations and reported as Discontinued Operations for the three months ended March 31, 2019 and 2018 (in thousands):

	Three months ended March 31,
	2019			2018
Consumer and Industrial Chemistry Technologies
Revenue	$	11,031		$	19,447
Operating expenses	(11,572		)	(16,170		)
Depreciation and amortization	—			(669		)
Research and development	(69		)	(170		)
(Loss) income from operations	(610		)	2,438
Other income (expense)	35			(174		)
Gain on sale of business	69,793			—
Income before income taxes	69,218			2,264
Income tax (expense) benefit	(20,846		)	7,331
Net income from discontinued operations	$	48,372		$	9,595

The assets and liabilities held for sale on the Consolidated Balance Sheets as of March 31, 2019 and December 31, 2018, are as follows (in thousands):

	Consumer and Industrial Chemistry Technologies
	March 31, 2019		December 31, 2018
Assets:
Accounts receivable, net	$	—	$	10,547
Inventories, net	—		52,069
Other current assets	—		446
Property and equipment, net	—		15,899
Goodwill	—		19,480
Other intangible assets, net	—		20,029
Assets held for sale	—		118,470
Valuation allowance	—		—
Assets held for sale, net	$	—	$	118,470
Liabilities:
Accounts payable	$	—	$	8,883
Accrued liabilities	—		291
Liabilities held for sale	$	—	$	9,174