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Discontinued Operations | 12 Months Ended
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Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | Discontinued Operations During the third quarter of 2022, the Company sold its inertial navigation business. The Company determined that the sale met the requirements for reporting as discontinued operations in accordance with Accounting Standards Codification (ASC) 205-20. There were no assets or liabilities of the inertial navigation business as of December 31, 2023 or 2022. Please see Note 1 for further discussion. The following table presents a reconciliation of the major financial line items constituting the results for discontinued operations to the net income from discontinued operations, net of tax, presented separately in the Company's consolidated statement of operations for the year ended December 31, 2022:
| Year Ended
| December 31, 2022
Sales: |  |  |
Product | $ | 16,042 |  |  |
Service | 679 |  |  |
Net sales | 16,721 |  |  |
Costs, expenses and other income, net: |  |  |
Costs of product sales | 12,732 |  |  |
Costs of service sales | 457 |  |  |
Research & development | 3,147 |  |  |
Sales, marketing and support | 3,035 |  |  |
Other income, net | 81 |  |  |
Loss from discontinued operations before income tax expense | (2,569) |  |  |
Gain on sale of discontinued operations before tax expense | 30,763 |  |  |
Total income from discontinued operations before tax expense | $ | 28,194 |  |  |
Income tax expense on discontinued operations | 169 |  |  |
Net income from discontinued operations, net of taxes | $ | 28,025 |  |  |
Net income from discontinued operations per common share |  |  |
Basic and diluted | $ | 1.50 |  |  |
Weighted average number of common shares outstanding: |  |  |
Basic and diluted | $ | 18,632 |  |  |
The following table presents supplemental cash flow information of the discontinued operations:
| Year Ended |  |
| December 31, 2022 |  |
Cash used in operating activities—discontinued operations | $ | (3,853) |  |  |  |  |
Cash used in investing activities—discontinued operations | $ | (307) |  |  |  |  |
The following table presents non-cash expenses from discontinued operations:
| Year Ended |  |
| December 31, |  |
| 2022 |  |  |  |
Depreciation | $ | 622 |  |  |  |  |
Compensation expense related to stock-based awards and employee stock purchase plan | $ | 475 |  |  |  |  |
Provision for doubtful accounts | $ | 47 |  |  |  |  |

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent + Details
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