Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v3.24.1.u1
Discontinued Operations (Tables)
 3 Months Ended
Mar. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Schedule Of Discontinued Operations The results of operations for these entities for the 13 weeks ended March 30, 2024 and April 1, 2023 have been reflected as discontinued operations in the consolidated statements of operations and comprehensive income (loss) and consist of the following:
13 weeks ended
March 30, 2024 April 1, 2023
Revenues $ —  $ 3,795 
Cost of revenues —  3,992 
Gross profit —  (197)
Operating expenses from discontinued operations:
Selling, general and administrative expenses $ —  $ (14,355)
Total operating income from discontinued operations —  (14,355)
Operating income from discontinued operations —  14,158 
Other expense from discontinued operations
Interest expense, net —  (181)
Other expense, net —  (1)
Total other expense, net —  (182)
Income before provision for income taxes from discontinued operations —  13,976 
Income tax provision —  3,229 
Net income from discontinued operations $ —  $ 10,747 
The cash flow activity from discontinued operations for the 13 weeks ended March 30, 2024 and April 1, 2023 have been reflected as discontinued operations in the consolidated statements of cash flows and consist of the following:
13 weeks ended
March 30, 2024 April 1, 2023
DISCONTINUED OPERATING ACTIVITIES:
Net income (loss) from discontinued operations —  10,747 
Depreciation and amortization —  96 
Amortization of debt issuance costs —  11 
Amortization of right-of-use assets —  53 
Change in deferred taxes —  3,229 
Gain on sale of ARCA, net of cash —  (15,967)
Changes in assets and liabilities:
Accounts receivable —  2,932 
Inventories —  299 
Prepaid expenses and other current assets —  55 
Accounts payable and accrued expenses —  866 
Other assets —  (1)
Net cash provided by (used in) operating activities from discontinued operations $ —  $ 2,320 
DISCONTINUED INVESTING ACTIVITIES:
Purchases of property and equipment —  (123)
Purchase of intangible assets —  (33)
Net cash used in investing activities from discontinued operations $ —  $ (156)
DISCONTINUED FINANCING ACTIVITIES:
Proceeds from note payable —  5,162 
Payment on related party note —  (38)
Payments on short term notes payable —  (7,291)
Payments on notes payable —  (45)
Net cash used in financing activities from discontinued operations $ —  $ (2,212)
Effect of changes in exchange rate on cash and cash equivalents —  (5)
DECREASE IN CASH AND CASH EQUIVALENTS —  (53)
CASH AND CASH EQUIVALENTS, beginning of period —  53 
CASH AND CASH EQUIVALENTS, end of period $ —  $ —