XML 37 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
Discontinued Operations (Tables)
 6 Months Ended
Jun. 29, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Summary of discontinued operations
Cash flow information from discontinued operations was as follows (in thousands):
 
 
 
 
 
Six Months Ended
 
 
 
 
 
June 29,
2018
 
June 30,
2017
Cash used in operating activities
 
 
 
 
$
(5,465
)
 
$
(1,692
)
Cash used in investing activities
 
 
 
 
(3,596
)
 
(9,141
)
 
 
 
 
 
 
 


Depreciation and amortization
 
 
 
 
$
7,450

 
$
10,507

Capital expenditures
 
 
 
 
3,610

 
9,214

The carrying amounts of the AS&O Product Line assets and liabilities that were classified as assets and liabilities of discontinued operations held for sale were as follows (in thousands):
 
June 29,
2018
 
December 29,
2017
Cash and cash equivalents
$
1,204

 
$
6,755

Accounts receivable, net of allowance for doubtful accounts of $0.2 million and $0.3 million, respectively
45,757

 
47,611

Inventories
52,953

 
50,796

Prepaid expenses and other current assets
3,325

 
1,584

Property, plant and equipment, net
131,007

 
—

Goodwill
149,733

 
—

Other intangible assets, net
55,773

 
—

Current assets of discontinued operations held for sale
439,752

 
106,746

Property, plant and equipment, net
—

 
135,195

Goodwill
—

 
150,368

Other intangible assets, net
—

 
57,520

Other noncurrent assets
—

 
1,551

Noncurrent assets of discontinued operations held for sale
—

 
344,634

Total assets
439,752

 
451,380

Accounts payable and other current liabilities
51,843

 
47,703

Deferred taxes
4,400

 
—

Current liabilities of discontinued operations held for sale
56,243

 
47,703

Deferred taxes and other long-term liabilities
—

 
14,966

Total liabilities
56,243

 
62,669

Net assets
$
383,509

 
$
388,711

(2.)     DISCONTINUED OPERATIONS (Continued)
Loss from discontinued operations, net of taxes, were as follows (in thousands):
 
Three Months Ended
 
Six Months Ended
 
June 29,
2018
 
June 30,
2017
 
June 29,
2018
 
June 30,
2017
Sales
$
88,701

 
$
81,803

 
$
178,020

 
$
160,480

Cost of sales
71,276

 
71,706

 
148,357

 
141,185

Gross profit
17,425

 
10,097

 
29,663

 
19,295

Selling, general and administrative expenses
4,096

 
4,578

 
8,905

 
9,283

Research, development and engineering costs
1,090

 
1,649

 
2,352

 
3,423

Other operating expenses
2,497

 
193

 
3,990

 
270

Interest expense
11,007

 
10,589

 
21,857

 
21,115

Other (income) loss, net
109

 
(1,214
)
 
182

 
(1,166
)
Loss from operations of discontinued operations
(1,374
)
 
(5,698
)
 
(7,623
)
 
(13,630
)
Provision for income taxes
1,660

 
871

 
377

 
226

Loss from discontinued operations
$
(3,034
)
 
$
(6,569
)
 
$
(8,000
)
 
$
(13,856
)