v3.22.2.2
Note 3 - Discontinued Operations and Sale of a Business (Tables)
9 Months Ended
Sep. 30, 2022
Notes Tables  
Disposal Groups, Including Discontinued Operations [Table Text Block]
  

As of

  

As of

 
  

September 30,

  

December 31,

 

(in thousands)

 

2022

  

2021

 
         

Carrying amounts of the major classes of assets included in discontinued operations:

        
         

Trade accounts receivable

 $  $2,996 

Inventories

     530 

Prepaid expenses and other current assets

     114 

Contract assets

     1,141 

Assets held for sale, current portion

     4,781 

Property and equipment

     42 

Other intangible assets

  1,814   1,813 

Deposits and other assets

     43 

Assets held for sale, noncurrent portion

  1,814   1,898 

Total assets of the disposal group classified as held for sale

 $1,814  $6,679 
         

Carrying amounts of the major classes of liabilities included in discontinued operations:

        
         

Accounts payable

 $  $1,657 

Contract liabilities

     1,414 

Operating lease obligations - current portion

     76 

Accrued expenses

     1,126 

Liabilities held for sale, current portion

     4,273 

Operating lease obligations, less current portion

     85 

Other long-term liabilities

     9 

Liabilities held for sale, noncurrent portion

     94 

Total liabilities held for sale

 $  $4,367 

(in thousands)

 

For the Three Months

  

For the Nine Months

 
  

Ended September 30,

  

Ended September 30,

 

Major classes of line items constituting pretax profit of discontinued operations:

 

2022

  

2021

  

2022

  

2021

 
                 

Revenues

 $933  $6,097  $7,002  $14,816 

Cost of revenues

  (938)  (4,608)  (5,621)  (10,418)

Selling, general and administrative expense

  (716)  (1,973)  (4,124)  (6,367)

Depreciation and amortization

     (404)     (1,249)

(Provision) recovery of bad debt

  25   5   (22)  27 

Interest expense

        (13)  (2)

Gain on extinguishment of PPP loan

           779 

Other expense

  30   234   18   227 

Pretax income of discontinued operations

  (666)  (649)  (2,760)  (2,187)

Pretax gain on sale of Orbital U.K.

        299    

Income tax expense

            

Total income from discontinued operations

 $(666) $(649) $(2,461) $(2,187)