Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table provides the major classes of assets and liabilities of the disposal group as of December 31, 2019 and 2018:

	December 31,
	2019			2018
	(In thousands)
Assets:
Cash and cash equivalents	$	18,405		$	13,156
Receivables, net	117,386			129,983
Inventories, net	55,002			51,416
Other current assets	35,187			25,167
Property, plant and equipment, less accumulated depreciation	61,233			55,010
Operating lease right-of-use assets	16,902			—
Goodwill	26,707			350,777
Intangible assets, less accumulated amortization	143,459			151,162
Deferred income taxes	57,469			29,559
Other long-lived assets	21,652			16,613
Impairment of disposal group	(180,358		)	—
Total Assets of discontinued operations	$	373,044		$	822,843
Liabilities:
Accounts payable	$	52,425		$	55,148
Accrued liabilities	83,349			91,880
Postretirement benefits	6,224			5,043
Deferred income taxes	2,740			3,834
Long-term operating lease liabilities	20,459			—
Other long-term liabilities	5,082			8,737
Total liabilities of discontinued operations	$	170,279		$	164,642

The following table summarizes the operating results of the disposal group for the years ended December 31, 2019, 2018, and 2017:

	Years Ended December 31,
	2019			2018			2017
	(In thousands)
Revenues	$	360,496		$	419,666		$	301,458
Cost of sales	(208,173		)	(241,164		)	(169,025		)
Gross profit	152,323			178,502			132,433
Selling, general and administrative expenses	(93,796		)	(114,567		)	(71,280		)
Research and development expenses	(37,172		)	(49,033		)	(45,582		)
Amortization of intangibles	(12,782		)	(23,689		)	(13,808		)
Asset impairment of discontinued operations	(521,441		)	—			—
Interest expense, net	(819		)	(720		)	(250		)
Non-operating pension cost	(221		)	(243		)	(153		)
Income (loss) before taxes	$	(513,908	)	$	(9,750	)	$	1,360