v3.26.1
DISCONTINUED OPERATIONS (Tables)
 3 Months Ended
Mar. 31, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations
The following table summarizes the operating results of the disposal groups included in discontinued operations in the Condensed Consolidated Statements of Operations:
Three Months Ended March 31, 2025
(in thousands)SolarBWRSVølundDiamond PowerASHTotal
Revenues$10,042 $— $1,171 $25,389 $7,208 $43,810 
Cost of operations11,850 — 3,813 15,891 4,410 35,964 
Selling, general and administrative expenses1,487 — 1,800 3,710 714 7,711 
Research and development costs— — 331 168 9 508 
Impairment of long-lived assets7,833 — — — — 7,833 
Total costs and expenses21,170 — 5,944 19,769 5,133 52,016 
Operating (loss) income(11,128)— (4,773)5,620 2,075 (8,206)
Other (expense) income(227)— 975 550 24 1,322 
(Loss) income from discontinued operations, before tax(11,355)— (3,798)6,170 2,099 (6,884)
Expense from income taxes— — 87 371 29 487 
Gain on divestiture— 1,014 — — — 1,014 
(Loss) income from discontinued operations, net of tax(11,355)1,014 (3,885)5,799 2,070 (6,357)
Less: Net income attributable to non-controlling interest from discontinued operations— — — (18)— (18)
(Loss) income attributable to stockholders from discontinued operations$(11,355)$1,014 $(3,885)$5,781 $2,070 $(6,375)

The depreciation, amortization, capital expenditures and significant operating and investing noncash items of the discontinued operations are as follows:

Three Months Ended March 31, 2025
(in thousands)SolarBWRSVølundDiamond PowerASHTotal
Depreciation and amortization of long-lived assets$— $— $— $152 $8 $160 
Changes in operating assets and liabilities:
Accounts receivable – trade, net1,541 — 880 (3,076)915 260 
Contracts in progress(7,492)— 1,730 1,330 235 (4,197)
Accounts payable(1,878)— 3,383 898 (187)2,216 
Advance billings on contracts(568)— (2,116)(367)1,232 (1,819)
Purchase of property, plant and equipment(95)— (20)(94)— (209)