|6 Months Ended|
Jun. 30, 2022
|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 $188,000 (net of tax benefit of $18,000) and $127,000 (net of taxes of $0) for the three months ended June 30, 2022 and 2021, respectively and net losses of $282,000 (net of tax benefit of $80,000) and $242,000 (net of taxes of $0) for the six months ended June 30, 2022 and 2021, respectively. 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, 2022 and December 31, 2021. No assets and liabilities were held for sale at each of the periods noted.
Schedule of Disposal Groups, Including Discontinued Operation Balance Sheet
No definition available.
The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef