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Divesture (Tables)
 12 Months Ended
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, net6,446 
Other current assets635 
Total current assets14,819 
Intangibles, net6,897 
Goodwill10,660 
Other assets1,612 
Total assets$33,988 
LIABILITIES
Current liabilities$4,300 
Other liabilities2,856 
Total liabilities$7,156