Discontinued Operations

12 Months Ended

Dec. 31, 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 the 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 years ended December 31, 2014, 2013 and 2012 are as follows:

	Year Ended December 31,
(in thousands)	2014		2013		2012
Net sales	$	—	$	—	$	1,103
Restructuring expense	16		31		55
Income from discontinued operations before income taxes	533		644		101
Income tax expense	201		243		52
Income from discontinued operations	332		401		49

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

(in thousands)	2014		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	175		37
Restructuring reserve	71		295
Current liabilities of discontinued operations	246		332
Long-term restructuring reserve	—		89
Noncurrent liabilities of discontinued operations	$	—	$	89