Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The following table summarizes these assets and liabilities which have been measured at the lower of (i) the carrying value when classified as held for sale and (ii) the fair value of the business less costs to sell.

(in thousands)	December 31, 2022
Assets held for sale
Accounts receivable, net of allowance	$	266
Inventories, net of reserves	6,748
Other current assets	1,999
Property, plant, and equipment, net	331
Operating lease asset	495
Acquired intangibles, net	6,213
Valuation allowance	(13,990)
Total assets held for sale	$	2,062
Liabilities held for sale
Accounts payable	$	733
Accrued expenses	1,159
Non-current operating lease liabilities	70
Total liabilities held for sale	$	1,962

Net sales, operating loss and valuation allowance recorded for this disposal group for the years ended December 31 are as follows (in thousands):

	2022		2021
Net sales	$	7,840	$	20,328
Operating loss	$	(6,769)	$	(3,539)
Valuation allowance	$	(13,990)	$	—

Components of the income (loss) from discontinued operations before taxes, including the interest allocated to discontinued operations, for the years ended December 31 were as follows (in thousands):

	2022		2021		2020
Net sales	$	—	$	20,391	$	128,915
Operating expenses	—		17,493		115,822
Loss and adjustments to loss on disposal	—		1,419		29,600
Interest expense allocation	—		—		95
Income (loss) from discontinued operations before taxes	$	—	$	1,479	$	(16,602)