Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The following table summarizes the major classes of revenue and expenses constituting net income from discontinued operations attributable to the TransCore and Zetec businesses:

	Three Months Ended March 31,
	2022
Net revenues	$	100.4
Cost of sales	71.2
Gross profit	29.2
Selling, general and administrative expenses (1)	19.9
Income from operations	9.3
Other income, net	0.1
Earnings before income taxes	9.4
Income taxes	(6.2)
Earnings from discontinued operations, net of tax	15.6
Gain on disposition of discontinued operations, net of tax (2)	1,717.3
Net earnings from discontinued operations	$	1,732.9

(1) Includes stock-based compensation expense of $0.9. Stock-based compensation for discontinued operations was previously reported as a component of unallocated corporate general and administrative expenses.

(2) Includes expense of $4.5 associated with accelerated vesting of share-based awards.

The following table summarizes the major classes of revenue and expenses constituting net income from discontinued operations attributable to Indicor:

	Three Months Ended March 31,
	2023		2022 (1)
Net revenues	$	—	$	246.8
Cost of sales	—		113.9
Gross profit	—		132.9
Selling, general and administrative expenses	1.2		67.7
Income from operations	(1.2)		65.2
Other income, net	—		0.2
Earnings (loss) before income taxes	(1.2)		65.4
Income taxes	—		14.2
Earnings (loss) from discontinued operations, net of tax	$	(1.2)	$	51.2

(1) Includes depreciation and amortization expense of $3.9 and stock-based compensation expense of $2.9. Stock-based compensation was previously reported as a component of unallocated corporate general and administrative expenses.