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Subsequent Events | 12 Months Ended
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Dec. 31, 2021
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events Definitive Agreement to Divest Tripwire On February 7, 2022, we signed a definitive agreement to divest Tripwire for $350 million in cash. The transaction is expected to close in the first quarter of 2022. During the fourth quarter of 2021, we recognized a goodwill impairment charge for the Tripwire reporting unit of $131.2 million, representing the reporting unit's excess carrying value over its present value of estimated future cash flows, which was based in part on the assumed proceeds from the divestiture. The impairment charge was excluded from Segment EBITDA of our Industrial Solutions segment. The following table provides the major classes of assets and liabilities of the Tripwire disposal group:
| December 31, 2021 |  | December 31, 2020
| (In thousands)
Assets: |  |  |
Cash and cash equivalents | $ | 2,194 |  |  | $ | 1,328 |
Receivables, net | 28,773 |  |  | 26,001 |
Inventories, net | 150 |  |  | 126 |
Other current assets | 7,418 |  |  | 9,798 |
Property, plant and equipment, less accumulated depreciation | 6,250 |  |  | 7,588 |
Operating lease right-of-use assets | 3,893 |  |  | 5,151 |
Goodwill | 331,024 |  |  | 462,202 |
Intangible assets, less accumulated amortization | 63,541 |  |  | 67,979 |
Deferred income taxes | 834 |  |  | 800 |
Other long-lived assets | 5,325 |  |  | 2,653 |
Total assets of Tripwire disposal group | $ | 449,402 |  |  | $ | 583,626 |
Liabilities: |  |  |
Accounts payable | $ | 6,458 |  |  | $ | 4,868 |
Accrued liabilities | 56,208 |  |  | 61,769 |
Deferred income taxes | 10,964 |  |  | 12,599 |
Long-term operating lease liabilities | 5,257 |  |  | 7,019 |
Other long-term liabilities | 20,192 |  |  | 17,214 |
Total liabilities of Tripwire disposal group | $ | 99,079 |  |  | $ | 103,469 |
The Tripwire disposal group also had $3.4 million and $3.5 million of accumulated other comprehensive income as of December 31, 2021 and 2020, respectively. The Tripwire disposal group had revenues of $106.8 million, $110.5 million, and $133.0 million for the years ended December 31, 2021, 2020, and 2019, respectively. The Tripwire disposal group had losses before taxes of $(139.1) million, $(24.8) million and $(16.0) million for the years ended December 31, 2021, 2020, and 2019, respectively. In 2021, loss before taxes includes a goodwill impairment charge of $131.2 million. In addition, the Tripwire disposal group recognized depreciation and amortization expense of $11.9 million, $39.4 million, and $47.9 million during the years ended December 31, 2021, 2020, and 2019, respectively. Acquisition of macmon secure GmbH On January 17, 2022, we acquired macmon secure GmbH (Macmon), a leading provider of products and services that secure network infrastructures in a variety of mission critical industries, for approximately $43.3 million, net of cash acquired. The acquisition was funded with cash on hand. Headquartered in Berlin, Germany, Macmon brings proven products and technologies that protect network infrastructure and extend our offerings in the areas of segmentation, zoning and access control.

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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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