v3.25.2
Discontinued Operations (Tables)
 6 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations
The following table presents the aggregate carrying amounts of the classes of assets and liabilities of the Company's discontinued operations:
(in thousands)June 30, 2025December 31, 2024
Carrying amounts of assets included as part of discontinued operations:
Cash and cash equivalents$— $10 
Accounts receivable, net — 11,597 
Inventories— 35,236 
Prepaid expenses and other current assets— 998 
Current assets classified as discontinued operations— 47,841 
Property, plant and equipment, net— 7,873 
Right-of-use assets, operating leases, net— 85 
Intangible assets, net— 3,564 
Other non-current assets, net— 2,661 
Long-term assets classified as discontinued operations— 14,183 
Total assets classified as discontinued operations$— $62,024 
Carrying amounts of current liabilities included as part of discontinued operations:
Accounts payable— 6,252 
Deferred revenue— 1,360 
Accrued expenses and other current liabilities— 2,019 
Current portion of operating lease liabilities— 84 
Current portion of finance lease liabilities41 
Current liabilities classified as discontinued operations— 9,756 
Total liabilities classified as discontinued operations$— $9,756 

The financial results are presented as income (loss) from discontinued operations, net of tax on the unaudited condensed consolidated statements of income (loss). The following table summarizes the results of the Company's discontinued operations:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2025202420252024
Net sales$8,188 $28,741 $34,460 $52,797 
Cost of sales6,714 26,626 29,770 49,945 
Gross profit1,474 2,115 4,690 2,852 
Selling, general and administrative expense498 1,412 1,888 3,482 
Gain on sale of assets(8,994)— (8,994)— 
Acquisition costs and other1,323 44 3,421 145 
Asset impairments— — — 1,115 
Income (loss) on discontinued operations before income taxes8,647 659 8,375 (1,890)
Income tax expense (benefit)(86)135 (71)(402)
Net income (loss) from discontinued operations$8,733 $524 $8,446 $(1,488)