v3.26.1
DISCONTINUED OPERATIONS (Tables)
 6 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations
The following tables summarize the operating results of the disposal groups included in discontinued operations in the Condensed Consolidated Statements of Operations:

Three Months Ended June 30, 2025
(in thousands)SolarVølundDiamond PowerASHTotal
Revenues$(9)$880 $29,578 $5,200 $35,649 
Cost of operations9,417 8,792 19,108 3,412 40,729 
Selling, general and administrative expenses1,671 2,976 3,834 673 9,154 
Research and development costs— 137 238 (1)374 
Impairment of long-lived assets(1)1,121 — — 1,120 
Loss on asset disposals, net16 136 — — 152 
Total costs and expenses11,103 13,162 23,180 4,084 51,529 
Operating (loss) income(11,112)(12,282)6,398 1,116 (15,880)
Other (expense) income(200)1,748 533 (354)1,727 
(Loss) income from discontinued operations, before tax(11,312)(10,534)6,931 762 (14,153)
Expense (benefit) from income taxes— 21 100 (105)16 
Loss on divestiture— (36,861)— — (36,861)
(Loss) income from discontinued operations, net of tax(11,312)(47,416)6,831 867 (51,030)
Less: Net income attributable to non-controlling interest from discontinued operations
— — (26)— (26)
(Loss) income attributable to stockholders from discontinued operations$(11,312)$(47,416)$6,805 $867 $(51,056)

Six Months Ended June 30, 2025
(in thousands)SolarBWRSVølundDiamond PowerASHTotal
Revenues$10,033 $— $2,051 $54,968 $12,408 $79,460 
Cost of operations21,267 — 12,605 34,999 7,824 76,695 
Selling, general and administrative expenses3,158 — 4,776 7,545 1,387 16,866 
Research and development costs— — 468 406 8 882 
Impairment of long-lived assets7,832 — 1,121 — — 8,953 
Loss on asset disposals, net16 — 136 — 152 
Total costs and expenses32,273 — 19,106 42,950 9,219 103,548 
Operating (loss) income(22,240)— (17,055)12,018 3,189 (24,088)
Other (expense) income(427)— 2,723 1,085 (330)3,051 
(Loss) income from discontinued operations, before tax(22,667)— (14,332)13,103 2,859 (21,037)
Expense (benefit) from income taxes— — 108 471 (76)503 
Gain (loss) on divestiture— 1,014 (36,861)— — (35,847)
(Loss) income from discontinued operations, net of tax(22,667)1,014 (51,301)12,632 2,935 (57,387)
Less: Net income attributable to non-controlling interest from discontinued operations
— — — (44)— (44)
(Loss) income attributable to stockholders from discontinued operations$(22,667)$1,014 $(51,301)$12,588 $2,935 $(57,431)
The depreciation, amortization, capital expenditures and significant operating and investing noncash items of the discontinued operations are as follows:

Six Months Ended June 30, 2025
(in thousands)SolarVølundDiamond PowerASHTotal
Depreciation and amortization of long-lived assets$— $— $343 $10 $353 
Changes in operating assets and liabilities:
Accounts receivable – trade, net1,283 6,409 (5,804)1,918 3,806 
Contracts in progress(1,273)3,930 641 206 3,504 
Accounts payable(4,215)(1,022)1,521 (618)(4,334)
Advance billings on contracts650 (3,634)525 1,312 (1,147)
Purchase of property, plant and equipment(130)(2)(271)— (403)