Discontinued Operations

9 Months Ended

Sep. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Discontinued operations

Discontinued Operations

During certain prior years, the Company ceased operations in certain geographic markets. The Company will have no further significant continuing involvement in sold operations and exited geographic markets. The cessation of operations in these markets has been treated as discontinued operations as the markets had distinguishable cash flows and operations that have been eliminated from ongoing operations. To determine if cash flows have been (or will be) eliminated from ongoing operations, we evaluate a number of qualitative and quantitative factors, including, but not limited to, proximity of a closing store to any remaining open stores and the potential sales migration from the closed store to any stores remaining open.

The operating results of the discontinued operations for the three and nine months endedSeptember 30,2014 and 2013 are as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands)	2014			2013			2014			2013
Net sales	$	—		$	—		$	—		$	—
Restructuring charges	(3		)	(7		)	(18		)	(25		)
Gain before income taxes	65			144			341			578
Income tax expense	(25		)	(54		)	(133		)	(237		)
Net income	40			90			208			341

The assets and liabilities of discontinued operations reflected on the consolidated balance sheets at September 30, 2014 and December 31, 2013 are as follows:

(in thousands)	September 30,   2014		December 31,   2013
Real estate held for sale	$	—	$	700
Prepaid expenses and other current assets	7		8
Current assets of discontinued operations	7		708
Accrued expenses and other liabilities	265		37
Current portion of restructuring reserve	141		295
Current liabilities of discontinued operations	406		332
Long-term portion of restructuring reserve	—		89
Long-term liabilities of discontinued operations	$	—	$	89