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Business Divestiture
6 Months Ended
Jun. 30, 2023
BusinessDivestiture [Abstract]  
Business Divestitures

2. BUSINESS DIVESTITURES

In 2022, the Company executed the sale of four of its non-semiconductor operating subsidiaries of Fluid Solutions. Each of these entities is reported within the Products reportable segment. The purpose of the divestitures was to remain focused on its core semiconductor business. As a result of these divestitures, the Company recorded a net loss of $56.6 million and $20.8 million during the second and the third quarter of fiscal year 2022, respectively. The recorded total net loss of $77.4 million includes the write-off of intangible assets, goodwill and net assets of $27.8 million, $19.7 million and $29.9 million, respectively. Goodwill has been allocated to the divestitures based on the relative fair value of each component in relation to its respective reporting unit.