v3.26.1
Discontinued Operations and Disposals (Tables)
 6 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations and Disposals The following table outlines the calculation of the gain on sale of the Transaction:

Cash proceeds

$

35,000

 

Cash held in indemnity escrow (Restricted cash released May 31, 2026)

 

5,000

 

Fair value of Verdexa common units

 

3,530

 

Carrying value of lease to Verdexa

 

1,245

 

Estimated future distributions for working capital adjustments and other obligations

 

(4,290

)

Less: Carrying value of net assets disposed

 

(20,500

)

Gain on sale

$

19,985

 

Details of the income from discontinued operations, net of tax, were as follows for the:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Sales

 

$

—

 

 

$

25,358

 

 

$

—

 

 

$

62,753

 

Cost of sales

 

 

—

 

 

 

(25,613

)

 

 

—

 

 

 

(65,846

)

Gross loss

 

 

—

 

 

 

(255

)

 

 

—

 

 

 

(3,093

)

Selling, general and administrative expenses

 

 

—

 

 

 

(2,568

)

 

 

—

 

 

 

(4,729

)

Interest expense

 

 

—

 

 

 

(3

)

 

 

—

 

 

 

(7

)

Gain on sale of assets

 

 

—

 

 

 

19,985

 

 

 

—

 

 

 

19,985

 

Income from discontinued operations before income taxes

 

 

—

 

 

 

17,159

 

 

 

—

 

 

 

12,156

 

Provision for income taxes

 

 

—

 

 

 

(865

)

 

 

—

 

 

 

(865

)

Income from discontinued operations, net of tax

 

$

-

 

 

$

16,294

 

 

$

-

 

 

$

11,291