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Discontinued Operations (Tables)
3 Months Ended
Mar. 29, 2021
Discontinued Operations And Disposal Groups [Abstract]  
Schedule of Components of Discontinued Operations

The following table summarizes the results of Mobility operations for the quarter ended March 30, 2020 prior to sale:

 

 

 

Quarter Ended

 

 

 

March 30,

 

 

 

2020

 

 

 

(In thousands)

 

Net sales

 

$

113,174

 

Cost of goods sold

 

 

108,425

 

Gross profit

 

 

4,749

 

Operating expenses:

 

 

 

 

Selling and marketing

 

 

1,176

 

General and administrative

 

 

1,310

 

Research and development

 

 

147

 

Amortization of definite-lived intangibles

 

 

675

 

Total operating expenses

 

 

3,308

 

Operating income

 

 

1,441

 

Other (expense) income:

 

 

 

 

Interest expense

 

 

(223

)

Other, net

 

 

1,571

 

Total other income, net

 

 

1,348

 

Income from discontinued operations

     before income taxes

 

 

2,789

 

Income tax provision

 

 

(743

)

Income from discontinued operations,

     net of income taxes

 

$

2,046

 

 

 

 

 

 

Earnings per share from discontinued operations:

 

 

 

 

Basic earnings per share

 

$

0.02

 

Diluted earnings per share

 

$

0.02