Discontinued Operations (Tables)

12 Months Ended

Jan. 01, 2022

Discontinued Operations and Disposal Groups [Abstract]

Summary of Discontinued Operations in Financial Statements

The major components of net income from discontinued operations, net of income taxes in the accompanying Consolidated Statements of Operations include the following:

	For the Year Ended
(in millions of U.S. dollars)		January 2, 2021		December 28, 2019
Revenue, net 1		$	97.1	$	605.0
Cost of sales		71.1		438.4
Operating (loss) income from discontinued operations		(0.5)		15.4
Gain on sale of discontinued operations		53.7		—
Income from discontinued operations, before income taxes		53.1		15.7
Income tax expense 2, 3		28.0		2.0
Net income from discontinued operations, net of income taxes		25.1		13.7

______________________

1    Includes related party sales to continuing operations of $1.0 million and $5.9 million for the years ended January 2, 2021 and December 28, 2019, respectively.

2    During 2019, $3.0 million of tax benefit was recorded related to the finalization of the U.S. tax gain calculation for the Traditional Business Divestiture.

3     The S&D Divestiture resulted in tax expense of $28.5 million on the gain on sale in 2020 and utilized a significant portion of the existing U.S. net operating loss carryforwards.