Quarterly report pursuant to Section 13 or 15(d)

CHANGES IN BUSINESS (Tables)

v3.19.2
CHANGES IN BUSINESS (Tables)
6 Months Ended
Jun. 30, 2019
Schedule of exit costs

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2019

(in thousands)

    

 

Lease

    

 

Severance

    

 

Total

Balance, December 31, 2018

 

$

367

 

$

2,889

 

$

3,256

Payments for restructuring

 

 

(136)

 

 

(1,903)

 

 

(2,039)

Balance, June 30, 2019

 

$

231

 

$

986

 

$

1,217

 

Discontinued operations, held-for-sale or disposed of by sale  
Schedule of Financial Information of Disposal Group

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

  

June 30, 2019

 

December 31, 2018

Liabilities:

 

 

 

 

 

 

Accrued compensation and benefits 

 

$

23

 

$

259

Other current liabilities

 

 

347

 

 

381

Current liabilities of discontinued operations

 

 

370

 

 

640

Liability for pension obligation

 

 

2,745

 

 

2,781

Liability for uncertain tax positions

 

 

1,742

 

 

2,407

Long-term liabilities of discontinued operations

 

 

4,487

 

 

5,188

Total liabilities of discontinued operations

 

$

4,857

 

$

5,828

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

(in thousands)

  

2019

  

2018

  

2019

  

2018

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

Electrical Solutions

 

$

 —

 

$

6,197

 

$

 —

 

$

19,041

Total revenue

 

 

 —

 

 

6,197

 

 

 —

 

 

19,041

Cost of revenue

 

 

 

 

 

 

 

 

 

 

 

 

Electrical Solutions

 

 

 —

 

 

6,868

 

 

 —

 

 

20,323

Total cost of revenue

 

 

 —

 

 

6,868

 

 

 —

 

 

20,323

 

 

 

 

 

 

 

 

 

 

 

 

 

Selling and marketing expenses

 

 

 —

 

 

234

 

 

 —

 

 

173

General and administrative expenses

 

 

 4

 

 

1,223

 

 

14

 

 

2,366

Gain on disposal - Mechanical Solutions

 

 

 —

 

 

115

 

 

 —

 

 

91

Other

 

 

53

 

 

(48)

 

 

107

 

 

(9)

Loss from discontinued operations before income tax

 

 

(57)

 

 

(2,195)

 

 

(121)

 

 

(3,903)

Income tax expense (benefit)

 

 

(776)

 

 

(725)

 

 

(748)

 

 

(683)

Loss from discontinued operations 

 

$

719

 

$

(1,470)

 

$

627

 

$

(3,220)