Quarterly report pursuant to Section 13 or 15(d)

7. Property and Equipment

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7. Property and Equipment
3 Months Ended
Apr. 01, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment

Property and equipment as of April 1, 2017, and December 31, 2016, consist of the following:

 

    Useful
Life (Years)
  April 1,
2017
    December 31,
2016
 
Land       $     $ 1,140  
Buildings and improvements   18-30     2,287       3,780  
Equipment (including computer software)   3-15     18,658       19,260  
Projects under construction         205       204  
Property and equipment         21,150       24,384  
Less accumulated depreciation and amortization         (12,888 )     (14,268 )
Property and equipment, net       $ 8,262     $ 10,116  

 

Depreciation and amortization expense was $302 and $325 for the 13 weeks ended April 1, 2017 and April 2, 2016, respectively.

 

On January 25, 2017, the Company sold its’ Compton California facility for $7,103 to Terreno Acacia, LLC. The proceeds from the sale paid off the PNC term loan that was secured by the property, in the amount of $1,020, costs of sale of $325 and the difference of $5,758 was paid towards the PNC Revolver loan. The Company recorded a gain on the sale of property of $5,163. The Company rented the Compton California facility after the sale from January 26, 2017 through April 10, 2017.