Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

The Company has either sold or discontinued certain operations that are accounted for as "Discontinued Operations" under applicable accounting guidance. Discontinued operations are summarized as follows:

	2022		2021
Workers' compensation costs from former textile operations	$	(29)	$	(172)
Environmental remediation costs from former textile operations	(346)		(146)
Commercial business operations	(1,289)		(3,308)
Loss from discontinued operations, before taxes	$	(1,664)	$	(3,626)
Income tax benefit	—		(89)
Loss from discontinued operations, net of tax	$	(1,664)	$	(3,537)

Schedule Of Gain On Sale Of Assets

The gain on the sale of assets recorded in 2021 is summarized as follows:

Net proceeds, including escrow funds	$	20,500
Inventory, net	(9,195)
Fixed assets	(2,278)
Contract liabilities	3,127
Net tangible assets sold	(8,346)
Gain on sale of assets sold, prior to other transaction related costs	$	12,154
Other transaction related costs
Adjustments to accruals, reserves and allowances	$	(8,462)	1
Transaction costs	(1,032)		2
Total other transaction related costs	$	(9,494)
Gain on sale of discontinued operations, before tax	$	2,660

1) For the remaining retained commercial inventory and fixed assets, the Company recorded an 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 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.

Schedule of Discontinued Operations, Balance Sheet

The Company reclassified the following assets and liabilities for discontinued operations in the accompanying Consolidated Balance Sheets:

	2022		2021
Current Assets of Discontinued Operations:
Receivables, net	$	385	$	3,406
Inventories, net	255		1,927
Prepaid expenses	1		658
Current Assets Held for Discontinued Operations	$	641	$	5,991
Long Term Assets of Discontinued Operations:
Property, plant and equipment, net	$	185	$	292
Operating lease right of use assets	63		242
Other assets	1,304		2,218
Long Term Assets Held for Discontinued Operations	$	1,552	$	2,752
Current Liabilities of Discontinued Operations:
Accounts payable	$	127	$	2,133
Accrued expenses	2,245		3,062
Current portion of operating lease liabilities	75		167
Current Liabilities Held for Discontinued Operations	$	2,447	$	5,362
Long Term Liabilities of Discontinued Operations:
Operating lease liabilities	$	—	$	75
Other long term liabilities	3,759		4,413
Long Term Liabilities Held for Discontinued Operations	$	3,759	$	4,488

Schedule of Discontinued Operations, Income Statement

For the twelve months ended December 31, 2022 and December 25, 2021, the Company reclassified the following operations of the Commercial business included in discontinued operations in the accompanying Consolidated Statements of Operations:

	2022		2021
Net sales	$	7,790	$	48,070
Cost of sales	8,159		40,904
Gross profit (loss)	(369)		7,166
Selling and administrative expenses	1,395		13,134
Other operating income, net	(475)		—
Discontinued loss related to the divestiture of the Commercial business	(1,289)		(5,968)
Gain on sale of business	—		(2,660)
Loss from discontinued Commercial business before taxes	$	(1,289)	$	(3,308)