Discontinued Operations (Tables)

3 Months Ended

Apr. 01, 2018

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations, Income Statement and Balance Sheet

The following is a summary of the assets and liabilities of discontinued operations in the accompanying condensed consolidated balance sheets as of April 1, 2018 and December 31, 2017 (in millions):

	April 1, 2018			December 31, 2017
Cash and cash equivalents	$	(0.7	)	$	(0.9	)
Accounts receivable, net and unbilled receivables, net	48.6			56.0
Inventoried costs	2.6			1.5
Other current assets	1.6			2.0
Current assets of discontinued operations	$	52.1		$	58.6
Property, plant and equipment, net	$	3.0		$	3.0
Goodwill	35.6			35.6
Other assets	0.2			0.2
Non-current assets of discontinued operations	$	38.8		$	38.8
Accounts payable	$	9.4		$	14.2
Accrued expenses	3.4			4.7
Accrued compensation	4.9			4.6
Billings in excess of cost and earnings on uncompleted contracts	4.5			4.3
Other current liabilities	1.0			1.4
Current liabilities of discontinued operations	$	23.2		$	29.2
Non-current liabilities of discontinued operations	$	5.9		$	6.0

The following table presents the results of discontinued operations (in millions):

	April 1, 2018			March 26, 2017
Revenue	$	23.9		$	36.8
Cost of sales	18.9			27.8
Selling, general and administrative expenses	8.1			8.7
Other expense	0.8			—
Income (loss) from discontinued operations before income taxes	(3.9		)	0.3
Income tax benefit (expense)	0.4			(0.2		)
Income (loss) from discontinued operations	$	(3.5	)	$	0.1