Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations

Discontinued Operations

6 Months Ended

Jun. 30, 2021

Discontinued Operations and Disposal Groups [Abstract]

10. Discontinued Operations

The Company’s discontinued operations consist of all our subsidiaries included in our previous Industrial Segment which encompasses subsidiaries divested in 2011 and prior and three previously closed locations.

The Company’s discontinued operations had net losses of $127,000 and $85,000 for the three months ended June 30, 2021 and 2020, respectively (net of taxes of $0 for each period) and net losses of $242,000 and $199,000 for the six months ended June 30, 2021 and 2020, respectively, (net of taxes of $0 for each period). The losses were primarily due to costs incurred in the administration and continued monitoring of our discontinued operations. The Company’s discontinued operations had no revenues for each of the periods noted above.

The following table presents the major class of assets of discontinued operations as of June 30, 2021 and December 31, 2020. No assets and liabilities were held for sale at each of the periods noted.

	June 30,		December 31,
(Amounts in Thousands)	2021		2020
Current assets
Other assets	$	17	$	22
Total current assets		17		22
Long-term assets
Property, plant and equipment, net ⁽¹⁾		81		81
Other assets		—		—
Total long-term assets		81		81
Total assets	$	98	$	103
Current liabilities
Accounts payable	$	4	$	4
Accrued expenses and other liabilities		142		150
Environmental liabilities		671		744
Total current liabilities		817		898
Long-term liabilities
Closure liabilities		146		142
Environmental liabilities		110		110
Total long-term liabilities		256		252
Total liabilities	$	1,073	$	1,150

⁽¹⁾	net of accumulated depreciation of $10,000 for each period presented.