| Disposal Groups, Including Discontinued Operations |
Operating results of our discontinued solar operations were as follows, in thousands:
|
|
|
Three Months Ended December 31,
|
|
|
|
|
2019
|
|
|
2018
|
|
|
Revenues, net of returns and allowances
|
|
$
|
5,287
|
|
|
$
|
6,228
|
|
|
Cost of sales
|
|
|
4,139
|
|
|
|
6,123
|
|
|
Gross profit
|
|
|
1,148
|
|
|
|
105
|
|
|
Selling, general and administrative
|
|
|
1,338
|
|
|
|
1,595
|
|
|
Research, development and engineering
|
|
|
449
|
|
|
|
1,080
|
|
|
Restructuring charges
|
|
|
—
|
|
|
|
10
|
|
|
Operating loss
|
|
|
(639
|
)
|
|
|
(2,580
|
)
|
|
Interest expense and other, net
|
|
|
(7
|
)
|
|
|
(22
|
)
|
|
Loss from discontinued operations
before income taxes
|
|
|
(646
|
)
|
|
|
(2,602
|
)
|
|
Income tax provision
|
|
|
19
|
|
|
|
18
|
|
|
Net loss
|
|
$
|
(665
|
)
|
|
$
|
(2,620
|
)
|
The following table presents a summary of the solar assets and liabilities held for sale included in our Condensed Consolidated Balance Sheets, in thousands:
|
|
|
December 31,
2019
|
|
|
September 30,
2019
|
|
|
Assets
|
|
(Unaudited)
|
|
|
|
|
|
|
Total current assets
|
|
$
|
13,583
|
|
|
$
|
17,591
|
|
|
Property, plant and equipment - net
|
|
|
5,169
|
|
|
|
5,164
|
|
|
Total assets included in the disposal group
|
|
|
18,752
|
|
|
|
22,755
|
|
|
Total current liabilities
|
|
|
14,891
|
|
|
|
18,272
|
|
|
Long-term debt
|
|
|
277
|
|
|
|
275
|
|
|
Total liabilities included in the disposal group
|
|
|
15,168
|
|
|
|
18,547
|
|
|
Net assets included in the disposal group
|
|
$
|
3,584
|
|
|
$
|
4,208
|
|
The following table summarizes selected cash flow information for discontinued operations, in thousands:
|
|
|
Three Months Ended December 31,
|
|
|
|
|
2019
|
|
|
2018
|
|
|
Loss from discontinued operations, net
of tax
|
|
$
|
(665
|
)
|
|
$
|
(2,620
|
)
|
|
Depreciation and amortization
|
|
$
|
135
|
|
|
$
|
146
|
|
|
Reversal of allowance for doubtful
accounts, net
|
|
$
|
(66
|
)
|
|
$
|
(46
|
)
|
|
Purchases of property, plant and equipment
|
|
$
|
1
|
|
|
$
|
98
|
|
|