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Dispositions
12 Months Ended
Dec. 31, 2022
Dispositions  
Dispositions

Note 14 — Dispositions

In 2019, the Company determined that one of its non-core product lines (the “disposal group”) met the held for sale criteria. During 2020, the Company completed the sale of this product line for approximately $11.4 million, with approximately 85% of the transaction price received upon closing, and 15% held in escrow for a period of 18 months and subsequently collected in 2021. Long-lived assets and definite-lived intangible assets were not depreciated or amortized while classified as held for sale. The sale of this disposal group did not represent a strategic shift that will have a material effect on the Company’s operations and financial results, nor is it considered a component of the Company, and as such it did not meet the criteria to be reported as discontinued operations. During 2020, the Company recorded additional impairment charges of $0.3 million related to the finalization of the sale of this disposal group.