Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2022

Discontinued Operations And Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The information presented as discontinued operations on the Consolidated Balance Sheet at December 31, 2021 includes certain assets and liabilities that were transferred to MtronPTI pursuant to the Separation agreement and in connection with the Separation. There were no assets or liabilities classified as discontinued operations as of December 31, 2022.

The following table summarizes the carrying value of the significant classes of assets and liabilities classified as discontinued operations as of December 31, 2021 (in thousands):

	December 31, 2021
Cash and cash equivalents	$	2,635
Accounts receivable, net of allowances of $131		3,995
Inventories, net		5,221
Prepaid expenses and other current assets		242
Current Assets of Discontinued Operations	$	12,093
Net property, plant and equipment	$	3,382
Right-of-use lease asset		218
Deferred income taxes		441
Other assets		157
Non-Current Assets of Discontinued Operations	$	4,198
Accounts payable	$	1,396
Accrued compensation and commissions expense		1,213
Other accrued expenses		424
Current Liabilities of Discontinued Operations	$	3,033
Long-term lease liability		145
Non-Current Liabilities of Discontinued Operations	$	145

The following table summarizes the significant line items included in Income from Discontinued Operations, Net of Tax in the Consolidated Statements of Operations for 2022 and 2021 (in thousands):

	Years Ended December 31,
	2022			2021
Revenues	$	23,529		$	26,694
Manufacturing cost of sales		(15,164	)		(17,358	)
Engineering, selling and administrative		(5,870	)		(6,601	)
Interest expense, net		(6	)		(12	)
Other (expense) income, net		(44	)		11
Income from discontinued operations before income taxes		2,445			2,734
Income tax provision		560			646
Income from discontinued operations, net of tax	$	1,885		$	2,088

The cash flows related to discontinued operations have not been segregated and are included in the Consolidated Statements of Cash Flows for all periods presented. The following table summarizes depreciation and other significant operating non-cash items, capital expenditures and financing activities of discontinued operations for the period through October 6, 2022 and the year ended December 31, 2021 (in thousands):

	Period through October 6, 2022			Year ended December 31, 2021
Depreciation		496			488
Amortization of finite-lived intangible assets		42			54
Stock-based compensation expense		26			34
Capital expenditures		(662	)		(1,099	)