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Divesture (Tables) | 12 Months Ended
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Dec. 30, 2023
Asset Retirement Obligation Disclosure [Abstract] |
Schedule of Components Held-for Sale | The following table summarizes the fair value of the sale proceeds received in connection with the divestiture, which are subject to further post-closing adjustment (in thousands):
|  | November 1, 2023
Fair value of sale consideration |  | $ | 99,031 |
Estimated working capital adjustment |  | 4,029 |
Cash transferred to the buyer at closing |  | (2,049) |
Direct costs to sell |  | (1,225) |
Fair value of sale consideration |  | $ | 99,786 |
The carrying amount of net assets associated with the FRT business was approximately $26.8 million. The major classes of assets and liabilities sold consisted of the following:
|  | November 1, 2023
ASSETS |  |
Accounts receivable, net |  | $ | 7,738 |
Inventories, net |  | 6,446 |
Other current assets |  | 635 |
Total current assets |  | 14,819 |
Intangibles, net |  | 6,897 |
Goodwill |  | 10,660 |
Other assets |  | 1,612 |
Total assets |  | $ | 33,988 |
LIABILITIES |  |
Current liabilities |  | $ | 4,300 |
Other liabilities |  | 2,856 |
Total liabilities |  | $ | 7,156 |

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