XML 41 R29.htm IDEA: XBRL DOCUMENT
v3.20.2

Discontinued Operations (Tables) | 6 Months Ended
--- | ---
Jun. 28, 2020
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations [Table Text Block] | The following table summarizes the operating results of the disposal group for the three and six months ended June 28, 2020 and June 30, 2019, respectively:
|  | Three Months Ended |  |  |  | Six Months Ended |  |
|  | June 28, 2020 |  | June 30, 2019 |  | June 28, 2020 |  | June 30, 2019
|  | (In thousands) |  |  |  |  |  |
Revenues |  | $ | 56,812 |  |  | $ | 89,178 |  |  | $ | 107,861 |  |  | $ | 176,213 |
Cost of sales |  | (33,989) |  |  | (53,227) |  |  | (69,191) |  |  | (102,390) |
Gross profit |  | 22,823 |  |  | 35,951 |  |  | 38,670 |  |  | 73,823 |
Selling, general and administrative expenses |  | (19,342) |  |  | (20,030) |  |  | (36,861) |  |  | (44,861) |
Research and development expenses |  | (5,974) |  |  | (10,259) |  |  | (14,473) |  |  | (21,166) |
Amortization of intangibles |  | — |  |  | (3,299) |  |  | — |  |  | (8,477) |
Asset impairment of discontinued operations |  | (89,810) |  |  | — |  |  | (113,007) |  |  | — |
Interest expense, net |  | (214) |  |  | (207) |  |  | (420) |  |  | (413) |
Non-operating pension cost |  | (111) |  |  | (55) |  |  | (196) |  |  | (111) |
Income (loss) before taxes |  | $ | (92,628) |  |  | $ | 2,101 |  |  | $ | (126,287) |  |  | $ | (1,205) |
The following table provides the major classes of assets and liabilities of the disposal group as of June 28, 2020 and December 31, 2019, respectively:
|  | June 28, 2020 |  | December 31, 2019
|  | (In thousands) |  |
Assets: |  |  |  |
Cash and cash equivalents |  | $ | 33,337 |  |  | $ | 18,405 |
Receivables, net |  | 90,492 |  |  | 117,386 |
Inventories, net |  | 49,997 |  |  | 55,002 |
Other current assets |  | 38,626 |  |  | 35,187 |
Plant, property, and equipment, less accumulated depreciation |  | 65,056 |  |  | 61,233 |
Operating lease right-of-use assets |  | 15,631 |  |  | 16,902 |
Goodwill |  | 26,067 |  |  | 26,707 |
Intangible assets, less accumulated depreciation |  | 150,214 |  |  | 143,459 |
Deferred income taxes |  | 58,148 |  |  | 59,560 |
Other long-lived assets |  | 12,201 |  |  | 21,652 |
Impairment of disposal group |  | (289,447) |  |  | (180,358) |
Total Assets of discontinued operations |  | $ | 250,322 |  |  | $ | 375,135 |
Liabilities: |  |  |  |
Accounts payable |  | $ | 42,482 |  |  | $ | 52,425 |
Accrued liabilities |  | 38,816 |  |  | 83,349 |
Postretirement benefits |  | 4,976 |  |  | 6,224 |
Deferred income taxes |  | 2,404 |  |  | 2,740 |
Long-term operating lease liabilities |  | 18,745 |  |  | 20,459 |
Other long-term liabilities |  | 2,250 |  |  | 5,082 |
Total Liabilities of discontinued operations |  | $ | 109,673 |  |  | $ | 170,279 |

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration