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Discontinued Operations (Gain Rollforward)
$ in Thousands
9 Months Ended
Sep. 25, 2021
USD ($)
Discontinued Operations and Disposal Groups [Abstract]  
Proceeds from Divestiture of Businesses $ 20,500
Proceeds From Sale Of Inventory (11,500)
Discontinued Operations, LIFO Gain 2,305
Net proceeds from sales of property, plant and equipment and divestiture (2,278)
Discontinued Operations, Contract Liabilities 3,127
Proceeds from sale of net tangible assets (8,346)
Gain on sale of assets sold, prior to other transaction related costs 12,154
Other Adjustments to Income, Discontinued Operations (8,462) [1]
Business Acquisition, Transaction Costs (1,032) [2]
Total Other Transaction Related Costs (9,494)
Gain (Loss) on Disposition of Assets 2,660
Discontinued Operations, Other Inventory Adjustments 6,600
Discontinued Operations, Other Property Plant and Equipment Adjustments $ 1,800
[1] For the remaining retained commercial inventory and fixed assets, the Company recognized adjustment to recognize the effects of the transaction. For inventory, the Company recognized lower of cost or market adjustments of approximately $6,600. The Company’s remaining fixed assets will be disposed of by sale and the Company recognized an adjustment of approximately $1,800 to reflect the lower of its carrying value or estimated fair value less cost to sell. For these assets, the Company has suspended the associated depreciation and will recognize changes in the fair value less cost to sell as gains or losses in future periods until the date of sale.
[2] Transaction costs were legal expenses and involuntary employee termination costs related to one-time benefit arrangements.