Annual report [Section 13 and 15(d), not S-K Item 405]

Discontinued Operations (Tables)

v3.25.4
Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations
The financial results of the Company's discontinued operations are presented as income from discontinued operations, net of tax on the consolidated statements of income (loss). The following table summarizes the results of the Company's discontinued operations:
(Unaudited)
Three months ended December 31, Year Ended
December 31,
(in thousands) 2025 2024 2025 2024
Net sales $ —  $ 22,549  $ 34,460  $ 97,398 
Cost of sales —  19,227  29,770  88,210 
Gross profit —  3,322  4,690  9,188 
Selling, general and administrative expense —  1,543  1,887  5,658 
Acquisition costs and other —  242  3,421  395 
Loss (gain) on sale of assets —  228  (7,094) (1,313)
Asset impairments —  —  —  1,115 
Income from discontinued operations before income taxes —  1,309  6,476  3,333 
Income tax provision 32  2,491  25  4,354 
Net income (loss) from discontinued operations $ (32) $ (1,182) $ 6,451  $ (1,021)
The following table presents the aggregate carrying amounts of the classes of assets and liabilities of the Company's discontinued operations:

(in thousands) December 31, 2025 December 31, 2024
Carrying amounts of assets included as part of discontinued operations:
Cash and cash equivalents $ —  $ 10 
Accounts receivable, net —  11,597 
Inventories —  35,236 
Prepaid expenses and other current assets —  998 
Current assets classified as discontinued operations —  47,841 
Property, plant and equipment, net —  7,873 
Right-of-use assets, operating leases, net —  85 
Intangible assets, net —  3,564 
Other non-current assets, net —  2,661 
Long-term assets classified as discontinued operations —  14,183 
Total assets classified as discontinued operations $ —  $ 62,024 
Carrying amounts of liabilities included as part of discontinued operations:
Accounts payable —  6,252 
Deferred revenue —  1,360 
Accrued expenses and other current liabilities —  2,019 
Current portion of operating lease liabilities —  84 
Current portion of finance lease liabilities 41 
Current liabilities classified as discontinued operations —  9,756 
Total liabilities classified as discontinued operations $ —  $ 9,756