Assets Held For Sale (Tables)

6 Months Ended

Jul. 01, 2023

PIM [Member]

Disposal (Line Items)

Disclosure of Long-Lived Assets Held-for-sale

PIM Assets-held-for sale comprise the following as of July 1, 2023:

(In thousands)
Assets:	July 1, 2023
Current assets	$	51,612
Property, Plant and Equipment, net	110,944
Intangible assets, net	76,692
Goodwill	12,707
Other assets	1,352
Total assets-held-for sale	$	253,307
Liabilities:
Accounts payable	$	6,628
Accrued expenses	6,584
Long-term liabilities	1,235
Total liabilities-held-for sale	$	14,447

Income before income taxes attributable to the PIM business was $12.7 million and $21.3 million for the three and six months ended July 1, 2023, respectively.

EC [Member]

Disposal (Line Items)

Disposal Groups, Including Discontinued Operations

EC Assets-held-for sale comprise the following as of July 1, 2023:

(In thousands)
Assets:	July 1, 2023
Current assets	$	106,063
Property, Plant and Equipment, net	170,180
Intangible assets, net	263,686
Goodwill	250,775
Other assets	7,936
Total assets-held-for sale	$	798,640
Liabilities:
Accounts payable	$	16,706
Accrued expenses	14,449
Long-term liabilities	70,182
Total liabilities-held-for sale	$	101,337

QED [Member]

Disposal (Line Items)

Schedule of Business Acquisitions by Acquisition, Consideration

The following table summarizes the fair value of the sale proceeds received in connection with the divestiture, which are subject to further post-closing adjustment:

(In thousands)	March 1, 2023
Fair value of sale consideration	$	137,500
Final working capital adjustment	1,031
Cash transferred to the buyer on the closing balance sheet	(1,465)
Direct costs to sell	(2,780)
Fair value of sale consideration	$	134,286

Schedule of Noncash or Part Noncash Divestitures

Disposal Groups, Including Discontinued Operations

The major classes of assets and liabilities sold consisted of the following:

(In thousands)	March 1, 2023
Assets:
Current assets	$	19,219
Property, plant and equipment, net	2,663
Goodwill	90,005
Intangible assets, net	48,661
Other assets	842
Total assets	$	161,390
Liabilities:
Accounts payable	$	1,340
Accrued expenses	8,750
Long-term liabilities	2,067
Total liabilities	$	12,157