v3.25.2
Discontinued Operations
6 Months Ended
Jun. 28, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations Discontinued Operations
We recorded a net expense of $2.9 million and $5.7 million during the three and six months ended June 29, 2024, respectively, associated with our discontinued operations, which consisted of severance benefits, early termination fees, and other exit-related costs. These charges were recorded in both Selling, general, and administrative expenses and Costs applicable to revenue for discontinued operations. The plan has been substantially completed and we do not anticipate additional material costs related to this plan.
The following table presents loss from discontinued operations, net of tax:
Three Months Ended
Six Months Ended
In thousandsJune 29, 2024June 29, 2024
Revenue:
Net product sales $53,471 $127,070 
Net sales of services and plans — 4,513 
    Total net revenue53,471 131,583 
Costs applicable to revenue (exclusive of depreciation and amortization):
Products49,901 109,528 
Services and plans2,762 
Total costs applicable to revenue49,908 112,290 
Operating expenses:
Selling, general and administrative expenses6,542 23,164 
Depreciation and amortization370 1,331 
Other expense (income), net(8)(20)
Total operating expenses6,904 24,475 
Loss from discontinued operations before income taxes
(3,341)(5,182)
Income tax (benefit) from discontinued operations
(1,257)(3,030)
Loss from discontinued operations, net of tax$(2,084)$(2,152)

The following table presents significant non-cash items and cash flows from investing activities related to discontinued operations:
Six Months Ended
In thousands
June 29, 2024
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization1,331 
Stock-based compensation expense81 
Inventory adjustments441 
Other
(564)
Cash flows from investing activities:
Other1,732