Quarterly report pursuant to Section 13 or 15(d)

6. Property and Equipment

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6. Property and Equipment
 6 Months Ended
Jul. 01, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment

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

 

    Useful Life
(Years) 		  July 1,
2017 		    December 31,
2016 		 
Land       $ –     $ 1,140  
Buildings and improvements   18-30     2,288       3,780  
Equipment (including computer software)   3-15     18,687       19,260  
Projects under construction         205       204  
Property and equipment         21,180       24,384  
Less accumulated depreciation and amortization         (13,191 )     (14,268 )
Property and equipment, net       $ 7,989     $ 10,116  

 

Depreciation and amortization expense was $284 and $309 for the 13 weeks ended July 1, 2017 and July 2, 2016, respectively. Depreciation and amortization expense was $609 and $634 for the 26 weeks ended July 1, 2017 and July 2, 2016, respectively.

 

On January 25, 2017, the Company sold its’ Compton, California facility (the “Compton Facility”) for $7,103 to Terreno Acacia, LLC. The proceeds from the sale paid off the PNC term loan in the aggregate principal amount of $1,020 that was secured by the property and costs of sale of $325, with the remaining proceeds of $5,758 paid towards the PNC Revolver(as defined below). The Company recorded a gain on the sale of property of $5,163. The Company rented the Compton Facility back from Terreno Acacia, LLC after the completion of the sale from January 26, 2017 through April 10, 2017.