AQUISITIONS AND DISCONTINUED OPERATIONS

3 Months Ended

Apr. 03, 2021

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.