|6 Months Ended|
Jul. 03, 2021
|Subsequent Events [Abstract]|
|Subsequent Events||Subsequent EventsAs of July 3, 2021, the Company has agreed to sell certain facilities within the Aerospace segment as a result of consolidating certain facilities. Accordingly, the property, plant and equipment assets associated with these facilities of $3.8 million have been classified as held for sale in the Consolidated Condensed Balance Sheets at July 3, 2021. Subsequent to July 3, 2021, the Company signed an agreement with a buyer to sell the facilities. The gain on sale of approximately $5.3 million will be recorded during the third quarter of 2021.|
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef