Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2020

Discontinued Operations [Abstract]

Summarized Results and Assets and Liabilities of Discontinued Operations

Summarized results of the Company's discontinued operations are as follows:

(in millions)	Six Months Ended June 30, 2020
Revenues	$	—
Cost of goods sold	—
Gross profit	—
Operating income	—
Earnings from discontinued operations before taxes (1)	—
Benefit from income taxes (2)	(3.7)
Earnings from discontinued operations, net of tax	$	3.7

⁽¹⁾ The Company's policy is to not allocate interest expense to discontinued operations unless it is directly attributable to the operations. The discontinued operations did not have any such interest expense in the periods presented.

⁽²⁾ The Company recorded a tax benefit for a refund received during the first quarter of 2020 related to the Timing Device Business.

Assets and liabilities of discontinued operations are summarized below:

(in millions)	June 30, 2020		December 31, 2019
Liabilities of discontinued operations:
Other liabilities (1)	$	0.6	$	0.6
Total liabilities	$	0.6	$	0.6

(1) The Company recorded an unrecognized tax benefit related to the Speaker and Receiver Product Line during the fourth quarter of 2019.