6. Sale and deconsolidation of variable interest entity (Tables)
|12 Months Ended|
Dec. 29, 2018
|Sale And Deconsolidation Of Variable Interest Entity - Aap|
|Assets and liabilities of VIE||
The following table summarizes the assets and liabilities of AAP consolidated in our financial position as of August 1, 2017 (date of deconsolidation) and December 31, 2016:
(a) Other liabilities represent loans and advances between ARCA and AAP that are eliminated in consolidation.
|Operating results of VIE||
The following table summarizes the operating results of AAP consolidated in our financial results for the 52 weeks ended December 30, 2017:
(b) Operating results for AAP were consolidated in the Company’s operating results from inception of AAP through August 15, 2017, the date of our 50% equity sale in AAP. We recorded a gain of $81 on the sale and deconsolidation of our 50% equity interest in AAP. Net Cash outflow arising from deconsolidation of AAP was $35. The Company received $800 in cash consideration for its 50% equity interest in AAP.