Discontinued Operations and Disposal Groups (Tables)

12 Months Ended

Dec. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

Components of Discontinued Operations

The major classes of assets and liabilities held for sale on the consolidated balance sheet as of December 31, 2020 were as follows (in thousands):

	December 31, 2020
Accounts receivable, net	$	20,059
Inventories	45,081
Prepaid and refundable taxes	2,751
Prepaid expenses and other current assets	2,436
Property, plant and equipment, net	25,042
Intangible assets, net	153,632
Operating lease assets	1,698
Impairment charge of disposal group	(180,160)
Total assets held for sale	$	70,539
Accounts payable	$	9,518
Accrued liabilities and other	4,205
Taxes payable	363
Accrued employee compensation and related benefits	8,781
Deferred tax liabilities	671
Long-term employee compensation and related benefits	4,994
Long-term operating lease liabilities	841
Other long-term liabilities	306
Total liabilities held for sale	$	29,679

The following table represents the financial results of CRM presented as net income (loss) from discontinued operations, net of tax on our consolidated statements of income (loss) (in thousands) for the years ended December 31, 2020, 2019 and 2018:

	Year Ended December 31,
	2020		2019		2018
Net sales	$	—	$	—	$	77,366
Costs and expenses:
Cost of sales	—		(43)		28,028
Selling, general and administrative expenses	—		(161)		43,382
Research and development	—		(161)		16,592
Restructuring expenses	—		—		651
Revaluation gain on assets and liabilities held for sale	—		—		(1,213)
Loss on sale of CRM	1,578		—		214
Operating (loss) income from discontinued operations	(1,578)		365		(10,288)
Foreign exchange and other gains	—		—		102
(Loss) income from discontinued operations, before tax	(1,578)		365		(10,186)
Income tax benefit	(85)		—		(460)
Losses from equity method investments	—		—		(1,211)
Net (loss) income from discontinued operations	$	(1,493)	$	365	$	(10,937)