Effective January 3, 2023, the first business day of fiscal 2023, we completed the Back to Nature sale. During the first quarter of 2023, we recognized a pre-tax loss on the Back to Nature sale of $0.1 million, as calculated below (in thousands): | | | | | Cash received | $ | 51,414 | Less: | | | Assets sold: | | | Trademarks — indefinite-lived intangible assets | $ | 109,900 | Goodwill | | 29,500 | Customer relationships — finite-lived intangible assets | | 11,025 | Inventories | | 7,323 | Impairment of assets held for sale recorded during fiscal 2022 | | (106,434) | Total assets sold | | 51,314 | Expenses | | 185 | Pre-tax loss on sale of assets | $ | (85) |
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