| Assets of held for sale - discontinued operations |
FINANCIAL INFORMATION FOR HELD FOR SALE AND DISCONTINUED OPERATIONS
(In Thousands)
| |
|
52 weeks |
|
|
52 weeks |
|
| |
|
Ended |
|
|
Ended |
|
| |
|
December 30, 2017 |
|
|
December 31, 2016 |
|
| Revenue |
|
$ |
56,296 |
|
|
$ |
63,130 |
|
| Cost of revenue |
|
|
42,252 |
|
|
|
46,824 |
|
| Gross profit |
|
|
14,044 |
|
|
|
16,306 |
|
| Selling, general and administrative expense |
|
|
15,911 |
|
|
|
17,970 |
|
| Operating loss - discontinued operations |
|
|
(1,867 |
) |
|
|
(1,664 |
) |
| Other income |
|
|
862 |
|
|
|
141 |
|
| Other expense |
|
|
(5 |
) |
|
|
(251 |
) |
| Net loss - discontinued operations before income tax benefit |
|
|
(1,010 |
) |
|
|
(1,774 |
) |
| Income tax benefit |
|
|
270 |
|
|
|
475 |
|
| Net loss - discontinued operations, net of tax |
|
$ |
(740 |
) |
|
$ |
(1,299 |
) |
ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS (In Thousands)
As of December 30, 2017 (date of sale), and December 31, 2016
| |
|
2017 |
|
|
2016 |
|
| Accounts Receivable |
|
$ |
2,356 |
|
|
$ |
1,538 |
|
| Inventories |
|
|
8,836 |
|
|
|
14,793 |
|
| Prepaid expenses |
|
|
173 |
|
|
|
– |
|
| Total current assets held for sale |
|
|
11,365 |
|
|
|
16,331 |
|
| Buildings and improvements |
|
|
2,073 |
|
|
|
1,948 |
|
| Equipment |
|
|
1,756 |
|
|
|
1,753 |
|
| Accumulated depreciation |
|
|
(3,319 |
) |
|
|
(3,148 |
) |
| Restricted cash |
|
|
1,298 |
|
|
|
500 |
|
| Other assets |
|
|
204 |
|
|
|
221 |
|
| Total non-current assets held for sale |
|
|
2,012 |
|
|
|
1,274 |
|
| Total assets held for sale - discontinued operations |
|
$ |
13,377 |
|
|
$ |
17,605 |
|
| 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 |
) |
|
|
|
|
|