Discontinued Operations (Tables)

3 Months Ended

Apr. 04, 2021

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table provides the major classes of assets and liabilities classified as held for sale. In addition, the disposal group had $0.9 million of accumulated other comprehensive income at April 4, 2021.

Cash	$	298
Receivables	7,660
Inventories	2,033
Other current assets	3,189
Property, plant and equipment	2,487
Other long-lived assets	612
Total assets held for sale	$	16,279
Accounts payable	$	659
Accrued liabilities	4,896
Total liabilities held for sale	$	5,555
Net assets	$	10,724

The following table summarizes the operating results of the disposal group for the three months ended March 29, 2020 (in thousands):

Revenues	$	51,049
Cost of sales	(35,202)
Gross profit	15,847
Selling, general and administrative expenses	(17,519)
Research and development expenses	(8,499)
Asset impairment of discontinued operations	(23,197)
Interest expense, net	(206)
Non-operating pension cost	(85)
Loss before taxes	$	(33,659)