Discontinued Operations (Tables)

3 Months Ended

Apr. 03, 2022

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table summarizes the operating results of the Tripwire disposal group up to the February 22, 2022 disposal date during the first quarter of 2022 and 2021, respectively :

	January 1, 2022 - February 22, 2022		January 1, 2021 - April 4, 2021
	(In thousands)
Revenues	$	12,067	$	27,698
Cost of sales	(3,256)		(5,257)
Gross profit	8,811		22,441
Selling, general and administrative expenses	(8,185)		(10,819)
Research and development expenses	(5,528)		(8,888)
Amortization of intangible assets	(638)		(1,954)
Income (loss) before taxes	$	(5,540)	$	780

The following table provides the major classes of assets and liabilities of the disposal group as of December 31, 2021:

	December 31, 2021
	(In thousands)
Assets:
Cash and cash equivalents	$	2,194
Receivables, net	28,773
Inventories, net	150
Other current assets	7,418
Property, plant and equipment, less accumulated depreciation	6,250
Operating lease right-of-use assets	3,893
Goodwill	331,024
Intangible assets, less accumulated amortization	63,541
Deferred income taxes	834
Other long-lived assets	5,325
Total assets of Tripwire disposal group	$	449,402
Liabilities:
Accounts payable	$	6,458
Accrued liabilities	56,208
Deferred income taxes	10,964
Long-term operating lease liabilities	5,257
Other long-term liabilities	20,192
Total liabilities of Tripwire disposal group	$	99,079