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AQUISITIONS AND DISCONTINUED OPERATIONS | 3 Months Ended
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Apr. 03, 2021
Business Combinations [Abstract] |
AQUISITIONS AND DISCONTINUED OPERATIONS | ACQUISITIONS AND DISCONTINUED OPERATIONS As indicated in Note 1, on September 2, 2020 and November 11, 2020, we completed the acquisitions of ULC and Sensors & Software, respectively. The pro forma effects of these acquisitions are not material to the condensed consolidated results of operations for the three months ended March 28, 2020. Wind-Down of the Heat Transfer Business As discussed in Note 1, we completed the wind-down of our Heat Transfer business in the fourth quarter of 2020. As a result of completing the wind-down plan, we are now reporting Heat Transfer as a discontinued operation for all prior periods presented. Major line items constituting pre-tax income and after-tax income of Heat Transfer for the period ended March 28, 2020 is shown below:
|  |  | Three months ended
|  |  | March 28, 2020
Revenues |  |  | $ | 1.9 |
Cost of product sold |  |  | 1.5 |
Income before income tax |  |  | 0.4 |
Income tax provision |  |  | — |
Income from discontinued operations, net of tax |  |  | $ | 0.4 |
During the three months ended April 3, 2021, we recorded $0.8 within “Loss on disposition of discontinued operations, net of tax” resulting primarily from revisions to liabilities retained in connection with businesses classified as discontinued operations.

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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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