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Discontinued Operations | 12 Months Ended
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Dec. 31, 2022
Discontinued Operations. |
Discontinued Operations | 3. Discontinued Operations On July 26, 2021, the Company sold its infrastructure and automotive business to Skyworks Solutions, Inc. for $2.75 billion in cash. The financial results of the infrastructure and automotive business, which are readily distinguishable from other components of the Company, have been presented as discontinued operations in the Consolidated Financial Statements because the sale represented a strategic shift for the Company. The following table presents the financial results of the infrastructure and automotive business (the “discontinued operations”) in the Company’s Consolidated Statements of Income (in thousands, except per share data): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended
​ | ​ | January 1, | ​ | January 2,
​ |  | 2022 |  | 2021
Revenues | ​ | $ | 233,918 | ​ | $ | 375,749
Costs of revenues | ​ |  | 95,457 | ​ | ​ | 143,068
Operating expenses | ​ | ​ | 46,643 | ​ | ​ | 87,293
Operating income from discontinued operations | ​ |  | 91,818 | ​ | ​ | 145,388
Gain on sale of discontinued operations | ​ | ​ | 2,423,161 | ​ | ​ | —
Income from discontinued operations before income taxes | ​ | ​ | 2,514,979 | ​ | ​ | 145,388
Provision for income taxes | ​ |  | 339,706 | ​ | ​ | 17,372
Income from discontinued operations | ​ | $ | 2,175,273 | ​ | $ | 128,016
​ | ​ | ​ | ​ | ​ | ​ | ​
Income from discontinued operations per share: | ​ |  | ​ | ​ | ​ |
Basic | ​ | $ | 50.79 | ​ | $ | 2.92
Diluted | ​ | $ | 49.09 | ​ | $ | 2.89
​ Continuing Involvement In connection with the closing of the sale, the Company entered into certain ancillary agreements with Skyworks, including a Transition Services Agreement (“TSA”). Through the TSA, the Company has subleased certain premises to Skyworks and will provide or provides various temporary support services for three to eighteen months after the close of the transaction, depending on the service provided. Although the services provided under the TSA will generate continuing cash flows between the Company and Skyworks for the duration of the TSA, the amounts have not been nor are expected to be material to the ongoing operations of either entity. Fees received by the Company under the TSA were $5.2 million for fiscal 2022.

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- Definition The entire disclosure 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 -URI https://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=2122178 + Details
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