Discontinued Operations |
9 Months Ended |
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Oct. 01, 2021 | |
| Discontinued Operations and Disposal Groups [Abstract] | |
| Discontinued Operations | Discontinued Operations The Company retained certain asbestos-related contingencies and insurance coverages from divested businesses for which it did not retain an interest in the ongoing operations subject to the contingencies. The Company has classified asbestos-related selling, general and administrative activity in its Condensed Consolidated Statements of Operations as part of Loss from discontinued operations, net of taxes. Asbestos-related costs, net of taxes were $1.1 million and $3.5 million during the three and nine months ended October 1, 2021, respectively, and $2.0 million and $4.8 million during the three and nine months ended October 2, 2020, respectively. See Note 13, “Commitments and Contingencies” for further information. The Company also recorded Loss from discontinued operations, net of taxes of $0.2 million and $6.8 million during the three and nine months ended October 1, 2021, respectively, and $0.6 million and $6.2 million during the three and nine months ended October 2, 2020, respectively, related to its divested air and gas handling business, including a settlement executed in the first quarter of 2021, as well as certain professional, legal, and consulting fees in 2020. Cash used in operating activities related to discontinued operations for the nine months ended October 1, 2021 and October 2, 2020 was $7.2 million and $18.4 million, respectively.
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