Assets and Liabilities Held for Sale
|3 Months Ended|
Mar. 31, 2022
|Discontinued Operations And Disposal Groups [Abstract]|
|Assets and Liabilities Held for Sale||
In January 2022, we entered into an asset purchase agreement with FDB and, for certain limited purposes, FUJIFILM Holdings America Corporation, to sell all of the Company’s right, title and interest in and to certain assets and liabilities related to the ATOM facility for $100 million in cash, subject to potential post-closing adjustments pursuant to the asset purchase agreement. As a result, certain assets and liabilities related to the ATOM facility were classified as held for sale. Upon classification as held for sale, we assessed the disposal group’s fair value less costs to sell and determined that no impairment existed. The operations of the ATOM facility did not meet the criteria to be presented as discontinued operations. The closing of the Fujifilm Transaction occurred on April 4, 2022, at which time, we received the $100 million of cash and assigned the lease for the ATOM Facility to FDB in connection with the closing of the Fujifilm Transaction. The carrying amounts of the assets and liabilities classified as held for sale as of March 31, 2022 included the following;
The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef