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Subsequent Event
12 Months Ended
Dec. 28, 2013
Subsequent Event

13. Subsequent Event

 

On February 13, 2014, our Company entered into an agreement with Bauer Performance Sports or BPS under which BPS will acquire the Easton Baseball/Softball business for $330,000 in cash, subject to adjustments for working capital and certain other items. The Asset Purchase Agreement filed February 19, 2014 on Form 8-K is incorporated herein by reference. The acquisition is subject to regulatory approvals and customary closing conditions and is expected to be completed in the next 30 days. Our Company is also working towards an agreement with a third party for the sale of the Easton Hockey business.