Discontinued Operations

3 Months Ended

Mar. 31, 2015

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 were eliminated from ongoing operations. To determine if cash flows were eliminated from ongoing operations, we evaluated 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 months endedMarch 31,2015 and 2014 are as follows:

	Three Months Ended March 31,
(in thousands)	2015		2014
Net sales	$	—	$	—
Restructuring charges	—		5
Gain before income taxes	13		35
Income tax expense	5		14
Net income	8		21

The assets and liabilities of discontinued operations reflected on the consolidated balance sheets at March 31, 2015 and December 31, 2014 are as follows:

(in thousands)	March 31,   2015		December 31,   2014
Prepaid expenses and other current assets	$	—	$	7
Current assets of discontinued operations	—		7
Accrued expenses and other liabilities	4		175
Current portion of restructuring reserve	—		71
Current liabilities of discontinued operations	$	4	$	246