Discontinued Operations (Tables)

6 Months Ended

Jun. 25, 2022

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

Income from discontinued operations is comprised of the following:

	Three Months Ended				Six Months Ended
	June 25, 2022		June 26, 2021		June 25, 2022		June 26, 2021
Net sales (a)	$	—	$	212,376	$	—	$	358,838
Cost of sales	326		(86,961)		153		(169,688)
Gross margin	326		125,415		153		189,150
Selling, general and administrative expenses and other	1,953		(10,428)		1,495		(18,894)
Operating income	2,279		114,987		1,648		170,256
Interest expense (b)	—		(2,703)		—		(5,317)
Other non-operating income	(4)		368		(9)		713
Income from discontinued operations before income taxes	2,275		112,652		1,639		165,652
Income tax benefit (expense)	(599)		1,279		(434)		(62,538)
Income from discontinued operations, net of taxes	$	1,676	$	113,931	$	1,205	$	103,114

(a)    There were no intercompany sales for the three and six months ended June 25, 2022 and $10 million and $22 million for three months and six months ended June 26, 2021, respectively.

(b)    The Company allocated interest expense to discontinued operations based on the total portion of debt not attributable to other operations repaid as a result of the transaction.

Other discontinued operations information is as follows:    

	Three Months Ended				Six Months Ended
	June 25, 2022		June 26, 2021		June 25, 2022		June 26, 2021
Depreciation and amortization	$	—	$	—	$	—	$	3,173
Capital expenditures	$	—	$	2,326	$	—	$	5,814