Note 12 - Discontinued Operations (Tables)

9 Months Ended

Aug. 27, 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
Working capital adjustment paid to buyer		987
Net proceeds from the sale (2)	$	84,534

	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						Nine Months Ended
	August 27, 2022			August 28, 2021			August 27, 2022			August 28, 2021
Major line items constituting pretax income of discontinued operations:
Logistical services revenue	$	-		$	14,036		$	16,776		$	40,116
Cost of logistical services		-			14,522			15,001			38,849
Other loss, net		-			(79	)		(63	)		(188	)
Income (loss) from operations of logistical services		-			(565	)		1,712			1,079
Gain on disposal (less adjustments)		(193	)		-			53,061			-
Pretax income of discontinued operations		(193	)		(565	)		54,773			1,079
Income tax expense (benefit)		(48	)		(140	)		14,261			294
Income (loss) from discontinued operations, net of tax	$	(145	)	$	(425	)	$	40,512		$	785

	Nine Months Ended
	August 27, 2022			August 28, 2021
Cash provided by operating activities	$	1,681		$	3,231
Cash used in investing activities		(81	)		(2,706	)
Cash used in financing activities		(371	)		(834	)
Net cash provided by (used in) discontinued operations	$	1,229		$	(309	)