Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

Selected Financial Information Included In Earnings And Balance Sheet

he results for the three months ended March 31, 2013 and March 25, 2012 have been reclassified to show the results of operations for the U.S. and Canada based CheckView^® business as discontinued operations, net of tax, on the Consolidated Statement of Operations. Below is a summary of these results:



	Three Months
	(13 weeks) Ended
(amounts in thousands)	March 31, 2013			March 25, 2012
Net revenue	$	12,543		$	18,103
Gross profit	(25		)	3,336
Selling, general, and administrative expenses	2,318			3,372
Research and development	79			92
Operating loss	(2,422		)	(128		)
Loss from discontinued operations before income taxes	(2,422		)	(128		)
Loss from discontinued operations, net of tax	$	(2,556	)	$	(48	)

As of March 31, 2013 and December 30, 2012 the classification was as follows:



(amounts in thousands)	March 31, 2013		December 30, 2012
Accounts receivable, net	$	10,485	$	14,558
Inventories	8,169		9,721
Other assets	2,874		5,347
Deferred income taxes	—		238
Assets of discontinued operations held for sale	$	21,528	$	29,864

Accounts payable	$	2,727	$	3,413
Accrued compensation and related taxes	—		94
Other accrued expenses	5,100		5,600
Unearned revenues	524		581
Other liabilities	390		$	—
Liabilities of discontinued operations held for sale	$	8,741	$	9,688

The results for the three months ended March 25, 2012 have been reclassified to show the results of operations for the Banking Security Systems Integration business unit as discontinued operations, net of tax, on the Consolidated Statement of Operations. Below is a summary of these results:



(amounts in thousands)
Quarter (13 weeks) ended	March 25, 2012
Net revenue	$	3,700
Gross profit	567
Selling, general, and administrative expenses	887
Operating loss	(320		)
Loss from discontinued operations before income taxes	(320		)
Loss from discontinued operations, net of tax	$	(320	)

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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