| Statements of Discontinued Operations |
The following table summarizes the operating results of the Myers Tire Supply business included in discontinued operations on the Condensed Consolidated Statements of Operations (Unaudited):
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|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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For the Quarter Ended September 30, |
|
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For the Nine Months Ended September 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Net sales |
|
$ |
31,623 |
|
|
$ |
46,961 |
|
|
$ |
119,300 |
|
|
$ |
138,395 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of sales |
|
|
21,532 |
|
|
|
32,775 |
|
|
|
82,350 |
|
|
|
96,923 |
|
Selling, general and administrative expenses |
|
|
9,902 |
|
|
|
13,100 |
|
|
|
35,687 |
|
|
|
39,010 |
|
Depreciation and amortization |
|
|
— |
|
|
|
602 |
|
|
|
509 |
|
|
|
2,001 |
|
(Gain) loss on disposal of fixed assets |
|
|
— |
|
|
|
(487 |
) |
|
|
— |
|
|
|
(99 |
) |
Impairment charges |
|
|
257 |
|
|
|
— |
|
|
|
19,787 |
|
|
|
— |
|
Operating income (loss) from discontinued operations |
|
|
(68 |
) |
|
|
971 |
|
|
|
(19,033 |
) |
|
|
560 |
|
Loss on the disposal of discontinued operations |
|
|
7,117 |
|
|
|
— |
|
|
|
7,117 |
|
|
|
— |
|
Income (loss) from discontinued operations before income tax |
|
|
(7,185 |
) |
|
|
971 |
|
|
|
(26,150 |
) |
|
|
560 |
|
Income tax expense (benefit) |
|
|
(1,609 |
) |
|
|
173 |
|
|
|
(6,230 |
) |
|
|
57 |
|
Income (loss) from discontinued operations, net of income tax |
|
$ |
(5,576 |
) |
|
$ |
798 |
|
|
$ |
(19,920 |
) |
|
$ |
503 |
|
The following table provides the major classes of assets and liabilities of the Myers Tire Supply business included in assets held for sale and liabilities held for sale in the Condensed Consolidated Statements of Financial Position (Unaudited):
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|
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|
|
|
|
|
|
September 30, 2026 |
|
|
December 31, 2025 |
|
Cash |
|
$ |
4,769 |
|
|
$ |
4,536 |
|
Accounts receivable, net |
|
|
1,515 |
|
|
|
31,848 |
|
Inventories, net |
|
|
2,555 |
|
|
|
18,505 |
|
Prepaid expenses and other current assets |
|
|
316 |
|
|
|
1,051 |
|
Property, plant and equipment, net |
|
|
79 |
|
|
|
1,162 |
|
Goodwill |
|
|
— |
|
|
|
14,730 |
|
Intangible assets, net |
|
|
— |
|
|
|
5,392 |
|
Deferred income taxes |
|
|
962 |
|
|
|
1,433 |
|
Other |
|
|
360 |
|
|
|
2,685 |
|
|
|
|
10,556 |
|
|
|
81,342 |
|
Less: Loss recognized on classification as held for sale |
|
|
(3,250 |
) |
|
|
— |
|
Total assets held for sale |
|
$ |
7,306 |
|
|
$ |
81,342 |
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
891 |
|
|
$ |
19,902 |
|
Accrued expenses and other current liabilities |
|
|
1,280 |
|
|
|
6,899 |
|
Other liabilities |
|
|
303 |
|
|
|
2,005 |
|
Total liabilities held for sale |
|
$ |
2,474 |
|
|
$ |
28,806 |
|
|
|
|
|
|
|
|
Assets held for sale: |
|
|
|
|
|
|
Current |
|
$ |
7,306 |
|
|
$ |
55,940 |
|
Non-current |
|
|
— |
|
|
|
25,402 |
|
|
|
|
|
|
|
|
Liabilities held for sale: |
|
|
|
|
|
|
Current |
|
$ |
2,474 |
|
|
$ |
26,801 |
|
Non-current |
|
|
— |
|
|
|
2,005 |
|
|