Annual report pursuant to Section 13 and 15(d)

7. Note receivable - sale of discontinued operations (Tables)

v3.19.1
7. Note receivable - sale of discontinued operations (Tables)
 12 Months Ended
Dec. 29, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Note receivable - sale of discontinued operations

FINANCIAL INFORMATION FOR DISCONTINUED OPERATIONS (In Thousands)

 

    52 Weeks  
    Ended  
    December 30, 2017  
Revenue   $ 56,296  
Cost of revenue     42,252  
Gross profit     14,044  
Selling, general and administrative expense     15,911  
Operating loss - discontinued operations     (1,867 )
Other income     862  
Other expense     (5 )
Net loss - discontinued operations before income tax benefit     (1,010 )
Income tax benefit     270  
Net loss - discontinued operations, net of tax   $ (740 )

 

DISCONTINUED OPERATIONS (In Thousands)

As of December 30, 2017 (date of sale)

 

    At December 30, 2017  
Accounts Receivable   $ 2,356  
Inventories     8,836  
Prepaid expenses     173  
Total current assets held for sale     11,365  
Buildings and improvements     2,073  
Equipment     1,756  
Accumulated depreciation     (3,319 )
Restricted cash     1,298  
Other assets     204  
Total non-current assets held for sale     2,012  
Total assets held for sale - discontinued operations   $ 13,377  
Purchase price     6,500  
Loss of sale of assets held for sale     (6,877 )
Income tax benefit     1,842  
Net loss on sale of assets held for sale and discontinued operations, net of tax   $ (5,035 )