IMPAIRMENTS AND (GAIN) LOSS ON ASSETS HELD FOR SALE
|9 Months Ended|
Sep. 30, 2021
|Assets Held For Sale Not Part Of Disposal Group [Abstract]|
|IMPAIRMENTS AND (GAIN) LOSS ON ASSETS HELD FOR SALE||
At September 30, 2021, our assets held for sale consisted of one crawler crane within our Fabrication & Services Division. A summary of our assets held for sale at September 30, 2021 and December 31, 2020, is as follows (in thousands):
During the nine months ended September 30, 2021, we received proceeds of $4.5 million ($4.4 million, net of transaction and other costs) from the sale of two crawler cranes that were held for sale by our Fabrication & Services Division at December 31, 2020. During the nine months ended September 30, 2020, we received proceeds of $1.7 million from the sale of other assets held for sale. No significant gain or loss was recognized on the assets sold as the net proceeds received approximated the carrying values of the assets. See Note 2 for discussion of impairments associated with Hurricane Ida and Note 3 for discussion of impairments associated with our discontinued operations.
The entire disclosure related to impairments and (gain) loss on assets held for sale.
No definition available.