
	December 31, 2024
Cash and cash equivalents	$	12,050
Trade accounts receivable, net of allowances of $2,582 at December 31, 2024	209,379
Other receivables	46,001
Inventories, net:
Finished and in process	80,573
Materials and supplies	94,083
Prepaid expenses	8,788
Current assets of discontinued operations	$	450,874
Property, plant and equipment, net of accumulated depreciation of $465,923 at December 31, 2024	262,662
Goodwill	502,621
Other intangible assets, net of accumulated amortization of $206,437 and December 31, 2024	103,593
Long-term deferred income taxes	262
Right of use asset-operating leases	75,855
Other assets	19,317
Non-current assets of discontinued operations	$	964,310
Payable to suppliers	172,720
Accrued expenses and other	62,562
Notes payable and current portion of long-term debt	6,774
Current liabilities of discontinued operations	$	242,056
Long-term debt	29,850
Noncurrent operating lease liabilities	67,789

Deferred income taxes	15,928
Other liabilities	344
Non-current liabilities of discontinued operations	$	113,911

The following table presents key components of “Net income from discontinued operations” for the three- and six-month periods ended June 29, 2025 and June 30, 2024:


	Three Months Ended				Six Months Ended
	June 29, 2025		June 30, 2024		June 29, 2025		June 30, 2024
Net sales	$	—	$	344,678	$	320,678	$	673,585
Cost of sales	—		272,567		250,854		535,086
Gross profit	—		72,111		69,824		138,499
Selling, general and administrative expenses	—		26,263		31,607		52,162
Restructuring/Asset impairment charges	—		1,287		426		1,895
Gain on divestiture of business	625,773		—		625,773		—
Operating profit	625,773		44,561		663,564		84,442
Other income, net	—		—		182		—
Interest expense	—		967		24,911		2,023
Interest income	—		497		281		922
Income from discontinued operations before income taxes	625,773		44,091		638,752		83,341
Provision for income taxes	201,225		10,551		209,032		20,040
Net income from discontinued operations	424,548		33,540		429,720		63,301
Net income from discontinued operations attributable to noncontrolling interests	—		(30)		—		(78)
Net income attributable to discontinued operations	$	424,548	$	33,510	$	429,720	$	63,223

Weighted average common shares outstanding:
Basic	99,171		98,671		99,055		98,583
Diluted	99,539		99,241		99,453		99,199

Per common share:
Net income attributable to discontinued operations:
Basic	$	4.28	$	0.34	$	4.34	$	0.64
Diluted	$	4.27	$	0.34	$	4.32	$	0.64

(a) Subsequent to entering the agreement on December 8, 2024 to sell TFP, depreciation was not recognized on TFP’s property, plant and equipment, and amortization was not recognized on TFP’s other intangible assets or right of use assets-operating leases, in accordance with Accounting Standards Codification (“ASC”) 360, “Property, Plant, and Equipment.”