Note 12 - Discontinued Operations & Assets Held for Sale (Tables)

6 Months Ended

May 28, 2022

Notes Tables

Disposal Groups, Including Discontinued Operations [Table Text Block]

Sales price prior to post-closing working capital adjustment	$	86,939
Less:
Amount held in escrow for contingencies related to representations and warranties (1)		1,000
Seller expenses paid at closing		418
Net proceeds from the sale (2)	$	85,521

	November 27, 2021
Carrying amounts of major classes of assets included as part of discontinued operations:
Accounts receivable, net	$	7,601
Other current assets		3,463
Property and equipment, net		24,898
Goodwill and other intangible assets		9,094
Right of use assets under operating leases		18,193
Other		572
	$	63,821
Balance sheet classification:
Current assets of discontinued operations held for sale	$	11,064
Long-term assets of discontinued operations held for sale		52,757
Total assets of discontinued operations held for sale	$	63,821
Carrying amounts of major classes of liabilities included as part of discontinued operations:
Accounts payable	$	4,336
Accrued compensation and benefits		3,295
Current portion operating lease obligations		7,458
Other current liabilites and accrued expenses		1,006
Long-term portion of operating lease obligations		10,996
Other long-term liabilities		5,214
	$	32,305
Balance sheet classification:
Current liabilities of discontinued operations held for sale	$	16,095
Long-term liabilities of discontinued operations held for sale		16,210
Total liabilities of discontinued operations held for sale	$	32,305

	Quarter Ended					Six Months Ended
	May 28, 2022		May 29, 2021			May 28, 2022			May 29, 2021
Major line items constituting pretax income of discontinued operations:
Logistical services revenue	$	-	$	14,062		$	16,776		$	26,080
Cost of logistical services		-		12,768			15,001			24,327
Other loss, net		-		(72	)		(63	)		(109	)
Income from operations of logistical services		-		1,222			1,712			1,644
Gain on disposal		53,254		-			53,254			-
Pretax income of discontinued operations		53,254		1,222			54,966			1,644
Income tax expense		13,879		325			14,309			433
Income from discontinued operations, net of tax	$	39,375	$	897		$	40,657		$	1,211

	Six Months Ended
	May 28, 2022			May 29, 2021
Cash provided by operating activities	$	1,681		$	3,646
Cash used in investing activities		(81	)		(1,138	)
Cash used in financing activities		(371	)		(467	)
Net cash provided by discontinued operations	$	1,229		$	2,041