Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table summarizes the operating results of the disposal group up to the July 2, 2020 disposal date for the years ended December 31, 2020, 2019 and 2018, respectively:

	Years Ended December 31,
	2020		2019		2018
	(In thousands)
Revenues	$	109,195	$	360,496	$	419,666
Cost of sales	(70,199)		(208,173)		(241,164)
Gross profit	38,996		152,323		178,502
Selling, general and administrative expenses	(39,947)		(93,796)		(114,567)
Research and development expenses	(15,083)		(37,172)		(49,033)
Amortization of intangibles	—		(12,782)		(23,689)
Asset impairment of discontinued operations	(113,007)		(521,441)		—
Interest expense, net	(432)		(819)		(720)
Non-operating pension cost	(169)		(221)		(243)
Loss before taxes	$	(129,642)	$	(513,908)	$	(9,750)

The following table provides the major classes of assets and liabilities of the disposal group as of December 31, 2019 (in thousands):

Assets:
Cash and cash equivalents	$	18,405
Receivables, net	117,386
Inventories, net	55,002
Other current assets	35,187
Property, plant and equipment, less accumulated depreciation	61,233
Operating lease right-of-use assets	16,902
Goodwill	26,707
Intangible assets, less accumulated amortization	143,459
Deferred income taxes	59,560
Other long-lived assets	21,652
Impairment of disposal group	(180,358)
Total assets of discontinued operations	$	375,135
Liabilities:
Accounts payable	$	52,425
Accrued liabilities	83,349
Postretirement benefits	6,224
Deferred income taxes	2,740
Long-term operating lease liabilities	20,459
Other long-term liabilities	5,082
Total liabilities of discontinued operations	$	170,279