Quarterly report pursuant to Section 13 or 15(d)

CHANGES IN BUSINESS (Tables)

v3.19.1
CHANGES IN BUSINESS (Tables)
 3 Months Ended
Mar. 31, 2019
Schedule of exit costs

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2019

(in thousands)

    

 

Lease

    

 

Severance

    

 

Total

Balance, December 31, 2018

 

$

367

 

$

2,889

 

$

3,256

Payments for restructuring

 

 

(97)

 

 

(1,012)

 

 

(1,109)

Balance, March 31, 2019

 

$

270

 

$

1,877

 

$

2,147

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

  

March 31, 2019

 

December 31, 2018

Liabilities:

 

 

 

 

 

 

Accrued compensation and benefits 

 

$

108

 

$

259

Other current liabilities

 

 

382

 

 

381

Current liabilities of discontinued operations

 

 

490

 

 

640

Liability for pension obligation

 

 

2,763

 

 

2,781

Liability for uncertain tax positions

 

 

1,488

 

 

2,407

Long-term liabilities of discontinued operations

 

 

4,251

 

 

5,188

Total liabilities of discontinued operations

 

$

4,741

 

$

5,828

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

(in thousands)

  

2019

  

2018

Revenue

 

 

 

 

 

 

Electrical Solutions

 

$

 —

 

$

12,844

Total revenue

 

 

 —

 

 

12,844

Cost of revenue

 

 

 

 

 

 

Electrical Solutions

 

 

 —

 

 

13,455

Total cost of revenue

 

 

 —

 

 

13,455

 

 

 

 

 

 

 

Selling and marketing expenses

 

 

 —

 

 

(61)

General and administrative expenses

 

 

10

 

 

1,143

Gain on disposal  - Mechanical Solutions

 

 

 —

 

 

(24)

Other

 

 

54

 

 

39

Loss from discontinued operations before income taxes

 

 

(64)

 

 

(1,708)

Income tax expense (benefit)

 

 

 -

 

 

42

Loss from discontinued operations 

 

$

(64)

 

$

(1,750)