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Discontinued Operations (Tables) | 12 Months Ended
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Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Discontinued Operations | The following carrying amounts of the major classes of assets and liabilities included in discontinued operations related to the Industrial business have been segregated from the Company's continuing operations and are reported as assets and liabilities of discontinued operations held for sale, respectively, in the consolidated balance sheet at December 31, 2020 (in thousands):
|  |  | December 31, 2020 |  |
Assets |  |  |  |  |
Accounts receivable, net |  |  | $ | 11,261 |  |  |
Inventories, net |  |  | 13,041 |  |  |
Prepaid expenses and other current assets |  |  | 21,310 |  |  |
Total current assets (1) |  |  | 45,612 |  |  |
Property, plant, and equipment, net |  |  | 16,999 |  |  |
Operating lease assets |  |  | 6,470 |  |  |
Goodwill |  |  | 22,475 |  |  |
Acquired intangibles |  |  | 15,482 |  |  |
Loss recognized on classification as held for sale |  |  | (29,600) |  |  |
Total noncurrent assets (1) |  |  | 31,826 |  |  |
Total assets classified as held for sale |  |  | $ | 77,438 |  |  |
Liabilities |  |  |  |  |
Accounts payable |  |  | $ | 10,708 |  |  |
Accrued expenses |  |  | 9,274 |  |  |
Total current liabilities (1) |  |  | 19,982 |  |  |
Deferred income taxes |  |  | 24,657 |  |  |
Non-current operating lease liabilities |  |  | 4,639 |  |  |
Other non-current liabilities |  |  | 17 |  |  |
Total noncurrent liabilities (1) |  |  | 29,313 |  |  |
Total liabilities classified as held for sale |  |  | $ | 49,295 |  |  |
(1) The assets and liabilities of the discontinued operations were classified as current on the December 31, 2020 consolidated balance sheet, as it was probable that the sale would occur and proceeds would be collected within one year. Components of the income (loss) from discontinued operations before taxes, including the interest allocated to discontinued operations, for the years ended December 31 were as follows (in thousands):
| 2021 |  | 2020 |  | 2019
Net sales | $ | 20,391 |  |  | $ | 128,915 |  |  | $ | 150,225 |
Operating expenses | 17,493 |  |  | 115,822 |  |  | 143,335 |
Loss and adjustments to loss on disposal | 1,419 |  |  | 29,600 |  |  | — |
Interest expense allocation | — |  |  | 95 |  |  | 208 |
Income (loss) from discontinued operations before taxes | $ | 1,479 |  |  | $ | (16,602) |  |  | $ | 6,682 |
On June 30, 2020, the Company sold its self-guided apartment tour application business to a third party from its Residential segment. The $2.0 million net proceeds from the sale resulted in pre-tax net gain of $1.9 million and has been presented within other (income) expense in the consolidated statements of income. This divestiture does not meet the criteria to be reported as a discontinued operation nor did it have a major effect on the Company's operations.

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