Discontinued Operations

12 Months Ended

Sep. 27, 2014

Discontinued Operations and Disposal Groups

Discontinued Operations

J.  Discontinued Operations

In September 2014, the Company sold Creative Homeowner, which was a separate reporting unit within its publishing segment, for $1.0 million. Proceeds received from the sale in fiscal 2014 were $450,000 with the balance due in fiscal 2015. The following table summarizes the operating results of this discontinued operation:

	(000’s omitted)
	2014			2013			2012
Revenues	$	2,526		$	3,969		$	4,375
Gain on sale	1,031			—			—
Pretax loss from operations	(863		)	(311		)	(1,723		)
Income tax provision (benefit)	81			(61		)	(439		)
Net loss from discontinued operations	$	(944	)	(250		)	(1,284		)