Discontinued Operations (Tables)

6 Months Ended

Jun. 28, 2015

Discontinued Operations and Disposal Groups [Abstract]

Schedule of discontinued operations, income statement and balance sheet

The following table presents the results of discontinued operations (in millions):

	Three Months Ended						Six Months Ended
	June 29, 2014			June 28, 2015			June 29, 2014			June 28, 2015
Revenue	$	25.1		$	22.3		$	51.4		$	47.8
Cost of sales	16.8			14.6			34.3			31.5
Selling, general and administrative expenses	5.9			5.5			11.8			11.6
Interest expense, net	4.1			3.4			8.4			6.9
Other net expense items that are not major	(0.3		)	(0.5		)	(0.3		)	(0.1		)
Loss from discontinued operations before income taxes	(1.4		)	(0.7		)	(2.8		)	(2.1		)
Income tax benefit (expense)	(0.4		)	1.6			(0.6		)	1.2
Income (loss) from discontinued operations	$	(1.8	)	$	0.9		$	(3.4	)	$	(0.9	)

The following is a summary of the assets and liabilities of discontinued operations in the accompanying condensed consolidated balance sheets as of December 28, 2014 and June 28, 2015 (in millions):

	December 28, 2014		June 28, 2015
Cash and cash equivalents	$	1.2	$	2.7
Accounts receivable, net	30.7		29.8
Inventoried costs	20.6		20.1
Other current assets	1.3		1.1
Current assets of discontinued operations	$	53.8	$	53.7
Property, plant and equipment, net	$	21.0	$	20.1
Goodwill	113.0		113.0
Intangible assets, net	2.8		1.0
Other assets	0.2		0.2
Non-current assets of discontinued operations	$	137.0	$	134.3
Accounts payable	$	3.8	$	4.7
Accrued expenses	1.8		2.8
Accrued compensation	5.3		4.0
Billings in excess of cost and earnings on uncompleted contracts	2.5		3.9
Other current liabilities	1.2		0.7
Current liabilities of discontinued operations	$	14.6	$	16.1
Non-current liabilities of discontinued operations	$	0.5	$	0.6