Acquisitions, Divestitures and Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2020

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

The total acquisition date fair value of the consideration transferred for the businesses and of any previously held equity interests was $860,712, net of cash acquired of $16,591, and it consisted of the following:

	December 31, 2019
Cash	$	732,142
Fair value of 35% investment in Motion Asia Pacific held prior to business combination	123,385
Fair value of other investments held prior to business combination	5,185
Total	$	860,712

The following table summarizes the final fair values of the assets acquired and liabilities assumed at the acquisition dates for the aggregate of these businesses.

	As of Acquisition Dates
Trade accounts receivable	$	148,543
Merchandise inventories	319,579
Prepaid expenses and other current assets	788
Intangible assets	340,799
Deferred tax assets	1,480
Property, plant and equipment	70,958
Operating lease assets	127,470
Other assets	20,318
Total identifiable assets acquired	1,029,935
Current liabilities	122,307
Long-term debt	164,662
Operating lease liabilities	61,626
Deferred tax liabilities	67,081
Other long-term liabilities	132,187
Total liabilities assumed	547,863
Net identifiable assets acquired	482,072
Noncontrolling interests in a subsidiary	(1,600)
Goodwill	380,240
Net assets acquired	$	860,712

Disposal Groups, Including Discontinued Operations

The Company’s results of operations for discontinued operations were:

	Year Ended December 31,
	2020		2019		2018
Net sales	$	846,944	$	1,870,071	$	1,903,468
Cost of goods sold	632,007		1,413,485		1,439,436
Gross profit	214,937		456,586		464,032
Operating and non-operating expenses	179,461		476,521		383,058
Loss on disposal	223,928		9,048		—
(Loss) income before income taxes	(188,452)		(28,983)		80,974
Income taxes	4,045		(3,593)		20,034
Net (loss) income from discontinued operations	$	(192,497)	$	(25,390)	$	60,940

The Company’s assets and liabilities for discontinued operations, by major class, were:

	December 31, 2019
Assets
Trade accounts receivable, net	$	194,903
Merchandise inventories, net	387,307
Prepaid expenses and other current assets	132,041
Other intangible assets, net	76,829
Operating lease assets	80,302
Other assets	91,640
Total assets of discontinued operations	$	963,022
Liabilities
Trade accounts payable	$	158,163
Other current liabilities	59,954
Long-term liabilities	68,906
Total liabilities of discontinued operations	$	287,023