Discontinued Operations

9 Months Ended

Sep. 25, 2011

Discontinued Operations

Discontinued Operations

Note 8. Discontinued Operations

On August 2, 2010, the Company divested the southeast division of its PSS segment for approximately $0.1 million cash consideration and the assumption of certain liabilities.

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

	For the Three Months Ended					For the Nine Months Ended
	September 26, 2010			September 25, 2011		September 26, 2010			September 25, 2011
Revenue	$	0.3		$	—	$	2.2		$	—
Net income (loss) before taxes	(0.1		)	—		(0.7		)	0.1
Provision (benefit) for income taxes	—			—		(0.8		)	(0.3		)
Net income (loss) after taxes	$	(0.1	)	$	—	$	0.1		$	0.4

The benefit for income taxes for the nine months ended September 26, 2010 and September 25, 2011 was primarily due to the expiration of the statute of limitations for certain foreign tax contingencies related to the Company’s discontinued wireless services business.

The following is a summary of the assets and liabilities of discontinued operations which are in other current assets, other current liabilities and other long-term liabilities in the accompanying condensed consolidated balance sheets as of December 26, 2010 and September 25, 2011 (in millions):

	December 26, 2010		September 25, 2011
Accounts receivable, net	$	0.3	$	—
Other current assets	0.2		—
Current assets of discontinued operations	$	0.5	$	—
Accrued expenses	$	1.7	$	1.4
Other current liabilities	0.4		0.3
Current liabilities of discontinued operations	$	2.1	$	1.7
Non-current unrecognized tax benefits	$	0.6	$	0.3
Other non-current liabilities	0.8		0.6
Non-current liabilities of discontinued operations	$	1.4	$	0.9