v3.20.2
Discontinued Operations (Tables)
 9 Months Ended
Oct. 02, 2020
Discontinued Operations [Abstract]  
Disposal Groups, Including Discontinued Operations
The key components of Loss from discontinued operations, net of taxes related to the Air and Gas Handling business for the three and nine months ended October 2, 2020 and September 27, 2019 were as follows:
Three Months EndedNine Months Ended
October 2, 2020September 27, 2019October 2, 2020September 27, 2019
(In thousands)
Net sales$— $338,885 $— $998,793 
Cost of sales— 230,692 — 689,004 
Selling, general and administrative expense— 65,117 — 194,562 
Restructuring and other related charges— 4,987 — 13,354 
Goodwill impairment charge— — — 481,000 
Divestiture-related expense(1)
846 4,481 7,419 11,692 
Operating loss(846)33,608 (7,419)(390,819)
Interest expense(2)
— 12,779 — 38,899 
Pension settlement loss— — — 43,774 
Loss from discontinued operations before income taxes(846)20,829 (7,419)(473,492)
Income tax expense (benefit)(198)9,809 (1,267)5,387 
Loss from discontinued operations, net of taxes$(648)$11,020 $(6,152)$(478,879)
(1) Primarily related to professional and consulting fees associated with the divestiture including seller due diligence and preparation of regulatory filings, as well as other disposition-related activities.
(2) The Company reclassified a portion of interest expense from its Term Loan Facilities associated with the mandatory repayment using net proceeds from the sale of the business.