Discontinued Operations (Tables)

9 Months Ended

Oct. 02, 2021

Discontinued Operations.

Schedule of financial results, assets and liabilities from discontinued operations

The following table presents the financial results of the infrastructure and automotive business (the “discontinued operations”) in the Company’s condensed consolidated statements of income (in thousands):

	Three Months Ended				Nine Months Ended
	October 2,		October 3,		October 2,		October 3,
	2021		2020		2021		2020
Revenues	$	28,203	$	88,619	$	233,915	$	278,661
Costs of revenues and operating expenses		11,395		55,397		142,312		169,345
		16,808		33,222		91,603		109,316
Gain on sale of discontinued operations		2,423,161		—		2,423,161		—
Income from discontinued operations before income taxes		2,439,969		33,222		2,514,764		109,316
Provision for income taxes		333,173		3,358		330,880		11,595
Income from discontinued operations	$	2,106,796	$	29,864	$	2,183,884	$	97,721
Income from discontinued operations per share:
Basic	$	48.56	$	0.68	$	49.52	$	2.23
Diluted	$	47.20	$	0.67	$	48.11	$	2.21

The following table summarizes the assets and liabilities of the infrastructure and automotive business (in thousands):

	January 2,
	2021
Assets
Inventories	$	18,801
Prepaid expenses and other current assets		2,204
Goodwill		255,543
Other assets		9,773
Total assets	$	286,321
Liabilities
Other current liabilities	$	433
Other non-current liabilities		451
Total liabilities	$	884