The Company determined that its cellular module business (the "Disposal Group"), which is part of the Company's IoT Systems and Connectivity operating segment, met the held for sale criteria as of July 26, 2026 and, as a result, related assets for this business were classified as "Assets held for sale" and related liabilities for this business were classified as "Liabilities held for sale" in the Balance Sheets as of July 26, 2026. The estimated fair value of the Disposal Group less estimated costs to sell exceeded its carrying amount as of July 26, 2026. As the sale of the Disposal Group is not considered a strategic shift that will have a major effect on the Company’s operations or financial results, it was not reported as discontinued operations.


	July 26, 2026
(in thousands)
Assets:
Accounts Receivable	$	25,882
Inventories	32,692
Other current assets	54,090
Property, plant and equipment, net	5,336
Other intangible assets, net	12,718
Other assets	1,517
Total assets held for sale	$	132,235

Liabilities:
Accounts payable	$	27,748
Accrued liabilities	41,910
Other long-term liabilities	1,035
Total liabilities held for sale	$	70,693

On August 13, 2026, the Company entered into a definitive agreement for the divestiture of the Disposal Group. The transaction remains subject to the satisfaction or waiver of customary closing conditions, including but not limited to receipt of certain regulatory approvals, and is expected to be completed within twelve months. See Note 18, Subsequent Event, for additional information.