Subsequent Events

6 Months Ended

Jul. 03, 2020

Subsequent Events [Abstract]

Subsequent Events

Note X — Subsequent Events

EOTech business divestiture

On July 31, 2020, we completed the divestiture of our EOTech business for net cash proceeds of approximately $42 million, before estimated transaction expenses and estimated adjustments in respect of net cash and working capital, and subject to post-closing finalization of those adjustments as set forth in the definitive sale agreement. We expect to use the net cash proceeds from the sale for general corporate purposes and potential repurchases of shares of our common stock.