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SUBSEQUENT EVENTS | 9 Months Ended
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Sep. 25, 2021
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | SUBSEQUENT EVENTS RMS Japan Divestiture On October 12, 2021, the Company completed the sale of its RMS Japan operations to The Jackson Laboratory for approximately $63 million in cash, subject to customary closing adjustments. The Company is in the process of evaluating the transaction and its impact on the financial statements, including evaluating the resulting gain (loss) that will be recognized. As of September 25, 2021, this business and the related assets and liabilities were classified as held-for-sale, as all relevant criteria were met, on the condensed consolidated balance sheet within Other current assets and Other current liabilities, respectively. No changes were made to the prior period. The carrying amounts of the major classes of assets and liabilities associated with the RMS Japan business were as follows:
| September 25, 2021
| (in thousands)
Assets |
Current assets | $ | 26,794 |
Property, plant, and equipment, net | 17,964 |
Goodwill | 6,876 |
Other assets | 3,383 |
Assets held for sale | $ | 55,017 |
Liabilities |
Current liabilities | $ | 8,892 |
Long-term liabilities | 97 |
Liabilities held for sale | $ | 8,989 |
CDMO Sweden Divestiture On October 12, 2021, the Company completed the sale of its gene therapy CDMO site in Sweden to a private investor group for approximately $52 million in cash and potential contingent payments of up to an additional $25 million, subject to certain adjustments. The Company is in the process of evaluating the transaction and its impact on the financial statements, including evaluating the resulting gain (loss) that will be recognized. As of September 25, 2021, this business and the related assets and liabilities were classified as held-for-sale, as all relevant criteria were met, on the condensed consolidated balance sheet within Other current assets and Other current liabilities, respectively. No changes were made to the prior period. The carrying amounts of the major classes of assets and liabilities associated with the CDMO site in Sweden were as follows:
| September 25, 2021
| (in thousands)
Assets |
Current assets | $ | 9,044 |
Property, plant and equipment, net | 14,615 |
Operating lease right-of-use assets, net | 20,001 |
Goodwill | 26,601 |
Intangible assets, net | 14,280 |
Assets held for sale | $ | 84,541 |
Liabilities |
Current liabilities | $ | 6,893 |
Operating lease right-of-use liabilities | 18,468 |
Liabilities held for sale | $ | 25,361 |

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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