General form of registration statement for all companies including face-amount certificate companies

Discontinued Operations (Tables)

v3.21.2
Discontinued Operations (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]    
Summary of Components of the Gain/(Loss) from Discontinued Operations
The following summarizes the components of the gain from discontinued operations, net of tax, that the Company has reported in the unaudited consolidated condensed statements of operations and comprehensive loss:
 
    
Six Months Ended June 30,
  
    
2021
     
2020
  
               
    
(in thousands)
  
Major classes of line items constituting gain from discontinued operations:
                  
Revenue - launch services
    $ —        $ 26,925  
Total cost and expenses
    $ —        $ 28,618  
Operating (loss)/income
    $ —        $ (1,693 )
Loss from discontinued operations, before income taxes.
    $ —        $ (1,712 ) 
(Loss)/gain on disposal of discontinued operations
    $ (1,022 )     $ 30,672  
Total (loss)/gain from discontinued operations, net of income taxes
    $ (1,022 )     $ 28,960  
The following summarizes the components of the gain/(loss) from discontinued operations, net of tax, that the Company has reported in the consolidated statements of operations and comprehensive loss:
 
    
Year Ended December 31,
  
    
    2020    
     
    2019    
  
    
(in thousands)
  
Major classes of line items constituting loss from discontinued operations:
      
Revenue - launch services
    $ 26,925    $ 46,366
Cost and expenses:
      
Service costs, excluding depreciation
      21,161      45,040
Provision for doubtful accounts
      2,128      176
General and administrative expenses
      3,590      6,908
Depreciation
      2,514      200
  
 
 
     
 
 
  
Operating loss
      (2,468 )       (5,958 ) 
Interest expense, net
      (3 )       (40 ) 
Other expense, net
      (16 )       (162 ) 
  
 
 
     
 
 
  
Loss from discontinued operations, before income taxes.
      (2,487 )       (6,160 ) 
Gain on disposal of discontinued operations
      30,672      —    
Income tax (provision) benefit
      —          —    
  
 
 
     
 
 
  
Total gain/(loss) of discontinued operations, net of income taxes
    $ 28,185    $ (6,160 )