| Schedule of exit costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2018
|
|
(in thousands)
|
|
|
Lease
|
|
|
Severance
|
|
|
Total
|
|
Balance, December 31, 2017
|
|
$
|
—
|
|
$
|
—
|
|
$
|
—
|
|
Restructuring charges
|
|
|
536
|
|
|
5,153
|
|
|
5,689
|
|
Payments for restructuring
|
|
|
(169)
|
|
|
(2,264)
|
|
|
(2,433)
|
|
Balance, December 31, 2018
|
|
$
|
367
|
|
$
|
2,889
|
|
$
|
3,256
|
|
| Schedule of Financial Information of Disposal Group |
|
|
|
|
|
|
|
|
|
|
|
December 31,
|
|
(in thousands)
|
|
2018
|
|
2017
|
|
Assets:
|
|
|
|
|
|
|
|
Accounts receivable
|
|
$
|
—
|
|
$
|
12,296
|
|
Inventories, net
|
|
|
—
|
|
|
178
|
|
Cost and estimated earnings in excess of billings
|
|
|
—
|
|
|
11,325
|
|
Other current assets
|
|
|
—
|
|
|
493
|
|
Property, plant and equipment, net
|
|
|
—
|
|
|
3,630
|
|
Total assets of discontinued operations*
|
|
$
|
—
|
|
$
|
27,922
|
|
|
|
|
|
|
|
|
|
Liabilities:
|
|
|
|
|
|
|
|
Accounts payable
|
|
$
|
—
|
|
$
|
7,004
|
|
Accrued compensation and benefits
|
|
|
259
|
|
|
1,191
|
|
Billings in excess of costs and estimated earnings
|
|
|
—
|
|
|
948
|
|
Accrued warranties
|
|
|
—
|
|
|
1,166
|
|
Other current liabilities
|
|
|
381
|
|
|
18,493
|
|
Current liabilities of discontinued operations
|
|
|
640
|
|
|
28,802
|
|
Liability for pension obligation
|
|
|
2,781
|
|
|
—
|
|
Liability for uncertain tax positions
|
|
|
2,407
|
|
|
3,110
|
|
Long-term liabilities of discontinued operations
|
|
|
5,188
|
|
|
3,110
|
|
Total liabilities of discontinued operations
|
|
$
|
5,828
|
|
$
|
31,912
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31,
|
|
(in thousands)
|
|
2018
|
|
2017
|
|
Revenue
|
|
|
|
|
|
|
|
Electrical Solutions
|
|
$
|
22,259
|
|
$
|
52,942
|
|
Mechanical Solutions
|
|
|
—
|
|
|
52,461
|
|
Total revenue
|
|
|
22,259
|
|
|
105,403
|
|
Cost of revenue
|
|
|
|
|
|
|
|
Electrical Solutions
|
|
|
24,613
|
|
|
66,232
|
|
Mechanical Solutions
|
|
|
—
|
|
|
42,811
|
|
Total cost of revenue
|
|
|
24,613
|
|
|
109,043
|
|
|
|
|
|
|
|
|
|
Selling and marketing expenses
|
|
|
207
|
|
|
4,035
|
|
General and administrative expenses
|
|
|
2,634
|
|
|
14,314
|
|
Impairment expense - Electrical Solutions
|
|
|
—
|
|
|
9,709
|
|
Other
|
|
|
(38)
|
|
|
(48)
|
|
Loss from discontinued operations before income taxes
|
|
|
(5,157)
|
|
|
(31,650)
|
|
Loss (gain) on disposal - Electrical Solutions
|
|
|
9,623
|
|
|
—
|
|
Loss (gain) on disposal - Mechanical Solutions
|
|
|
222
|
|
|
(6,332)
|
|
Total loss from discontinued operations before income taxes
|
|
|
(15,002)
|
|
|
(25,318)
|
|
Income tax expense (benefit)
|
|
|
(3,357)
|
|
|
1,186
|
|
Loss from discontinued operations
|
|
$
|
(11,645)
|
|
$
|
(26,504)
|
|