XML 32 R21.htm IDEA: XBRL DOCUMENT v3.10.0.1
Discontinued Operations (Tables)
 6 Months Ended
Jul. 01, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations, Income Statement and Balance Sheet
The following is a summary of the assets and liabilities of discontinued operations in the accompanying condensed consolidated balance sheets as of July 1, 2018 and December 31, 2017 (in millions):

 
July 1, 2018
 
December 31, 2017
Cash and cash equivalents
$
—

 
$
(0.9
)
Accounts receivable, net and unbilled receivables, net
7.1

 
56.0

Inventoried costs
—

 
1.5

Other current assets
0.3

 
2.0

Current assets of discontinued operations
$
7.4

 
$
58.6

 
 
 
 
Property, plant and equipment, net
$
—

 
$
3.0

Goodwill
—

 
35.6

Other assets
—

 
0.2

Non-current assets of discontinued operations
$
—

 
$
38.8

 
 
 
 
Accounts payable
$
0.8

 
$
14.2

Accrued expenses
0.5

 
4.7

Accrued compensation
—

 
4.6

Billings in excess of cost and earnings on uncompleted contracts
—

 
4.3

Other current liabilities
6.8

 
1.4

Current liabilities of discontinued operations
$
8.1

 
$
29.2

Non-current liabilities of discontinued operations
$
6.3

 
$
6.0

The following table presents the results of discontinued operations (in millions):

 
Three Months Ended
 
Six Months Ended
 
July 1, 2018
 
June 25, 2017
 
July 1, 2018
 
June 25, 2017
Revenue
$
19.2

 
$
37.9

 
$
43.1

 
$
74.7

Cost of sales
14.5

 
28.0

 
33.4

 
55.8

Selling, general and administrative expenses
8.5

 
8.7

 
16.6

 
17.4

Other (income) expense, net
1.9

 
(0.1
)
 
2.7

 
(0.1
)
Income (loss) from discontinued operations before income taxes
(5.7
)
 
1.3

 
(9.6
)
 
1.6

Gain on disposal of discontinued operations before income taxes
—

 
—

 
—

 
—

Total gain (loss) on discontinued operations before income taxes
(5.7
)
 
1.3

 
(9.6
)
 
1.6

Income tax benefit (expense)
1.8

 
(0.6
)
 
2.2

 
(0.8
)
Income (loss) from discontinued operations
$
(3.9
)
 
$
0.7

 
$
(7.4
)
 
$
0.8