Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

Disposal groups, including discontinued operations

The following table presents a reconciliation of the carrying amounts of major classes of assets and liabilities of the discontinued operations to the amounts presented separately in the Company's consolidated balance sheet:

	December 31, 2021
Accounts receivable, net	$	5,882
Inventories, net	8,807
Prepaid expenses and other current assets	1,152
Current assets held for sale	$	15,841
Property and equipment, net	7,169
Non-current assets held for sale	$	7,169
Accounts payable	1,764
Accrued compensation and employee-related expenses	914
Accrued other	955
Accrued product warranty costs	95
Contract liabilities	211
Current liabilities held for sale	$	3,939
Other long-term liabilities	8
Non-current liabilities held for sale	$	8
Net assets held for sale	19,063

The following table presents a reconciliation of the major financial line items constituting the results for discontinued operations to the net income from discontinued operations, net of tax, presently separately in the Company's consolidated statements of operations (through August 9, 2022, the date the inertial navigation business was sold):

	Year Ended
	December 31,
	2022		2021
Sales:
Product	$	16,042	$	36,858
Service	679		998
Net sales	16,721		37,856
Costs, expenses and other income, net:
Costs of product sales	12,732		22,859
Costs of service sales	457		1,025
Research & development	3,147		6,696
Sales, marketing and support	3,035		5,627
Other income, net	81		134
(Loss) income from discontinued operations before income tax expense	(2,569)		1,783
Gain on sale of discontinued operations before tax expense	30,763		—
Total income from discontinued operations before tax expense	$	28,194	$	1,783
Income tax expense on discontinued operations	169		—
Net income from discontinued operations, net of taxes	$	28,025	$	1,783
Net income from discontinued operations per common share
Basic and diluted	$	1.50	$	0.10
Weighted average number of common shares outstanding:
Basic and diluted	$	18,632	$	18,217

The following table presents supplemental cash flow information of the discontinued operations:

	Year Ended
	December 31,
	2022		2021
Cash (used in) provided by operating activities—discontinued operations	$	(3,853)	$	3,416
Cash used in investing activities—discontinued operations	$	(307)	$	(824)

The following table presents non-cash expenses from discontinued operations:

	Year Ended
	December 31,
	2022		2021
Depreciation	$	622	$	1,569
Compensation expense related to stock-based awards and employee stock purchase plan	$	475	$	580
Provision for doubtful accounts	$	47	$	28