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Sale of Assets | 9 Months Ended
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Sep. 29, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Sale of Assets | 12. Sale of Assets On June 10, 2024, the Company sold Ayers Group, a division of our OCG segment, for a purchase price of $7.5 million, subject to final closing adjustments. The Company received cash proceeds of $4.5 million in the second quarter of 2024 for assets sold with a net carrying value of $1.0 million. In the third quarter of 2024, a post-close net working capital adjustment of $0.1 million was recorded in loss (gain) on sale of assets in the consolidated statements of earnings for the third quarter of 2024. A gain of $5.4 million was recorded in loss (gain) on sale of assets for the nine months ended September 29, 2024 in the consolidated statements of earnings. The sale was a part of the Company's ongoing strategy to further optimize its operating model.

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