Discontinued Operations (Tables)

12 Months Ended

Jan. 01, 2022

Discontinued Operations.

Schedule of financial results, assets and liabilities from discontinued operations

The following table presents the financial results of the infrastructure and automotive business (the “discontinued operations”) in the Company’s Consolidated Statements of Income (In thousands, except per share data):

	Year Ended
	January 1,		January 2,		December 28,
	2022		2021		2019
Revenues	$	233,918	$	375,749	$	363,770
Costs of revenues		95,457		143,068		133,700
Operating expenses		46,643		87,293		84,730
Operating income from discontinued operations		91,818		145,388		145,340
Gain on sale of discontinued operations		2,423,161		—		—
Income from discontinued operations before income taxes		2,514,979		145,388		145,340
Provision for income taxes		339,706		17,372		23,400
Income from discontinued operations	$	2,175,273	$	128,016	$	121,940
Income from discontinued operations per share:
Basic	$	50.79	$	2.92	$	2.81
Diluted	$	49.09	$	2.89	$	2.75

The following table summarizes the assets and liabilities of the discontinued operations (in thousands):

	January 2,
	2021
Assets
Inventories	$	18,801
Prepaid expenses and other current assets		2,204
Goodwill		255,543
Other assets		9,773
Total assets	$	286,321
Liabilities
Other current liabilities	$	433
Other non-current liabilities		451
Total liabilities	$	884