Assets Held for Sale |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Discontinued Operations and Disposal Groups [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Assets Held for Sale | Assets Held for Sale Chilean Sale On May 21, 2018, the Company, through its indirect wholly-owned subsidiaries, entered into a stock purchase agreement (El Arrayán SPA) with a third party pursuant to which the Company agreed to sell, and the buyer agreed to purchase, certain subsidiaries which hold approximately a 71% interest in El Arrayán Wind and assets and rights relating to ownership and operation of an extension of the trunk transmission system in Chile. El Arrayán Wind is a wind electric generation facility located approximately 400 kilometers north of Santiago on the coast of Chile in which the Company has an owned interest of approximately 81 MW. The Company expects to receive cash consideration of $68.5 million, subject to working capital adjustments, and expects to close the transaction within one year. Upon entering the El Arrayán SPA, the Company classified the assets and liabilities, held by the identified subsidiaries, as held for sale. The Company measured impairment loss as the difference between the carrying amount of the net assets and the sales price less estimated costs to sell. As a result, the Company recorded a total impairment loss of $4.2 million as of June 30, 2018. The following table summarizes the fair value of the major classes of assets and liabilities which are classified as held for sale in the consolidated balance sheets (in thousands):
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