XML 45 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
DISCONTINUED OPERATIONS
6 Months Ended
Jul. 21, 2012
Discontinued Operations [Abstract]  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
During the second quarter of fiscal 2012, the Company discontinued its Portrait Gallery operations in order to eliminate unprofitable operations. Sales and operating results for this operation included in discontinued operations are as follows:
in thousands
 
12 Weeks Ended
 
24 Weeks Ended
 
 
July 21, 2012
 
July 23, 2011
 
July 21, 2012
 
July 23, 2011
Discontinued operations:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
371

 
$
33

 
$
883

 
$
33

 
 
 
 
 
 
 
 
 
Operating loss
 
$
(1,349
)
 
$
(615
)
 
$
(1,956
)
 
$
(629
)
Tax benefit
 

 
(234
)
 

 
(239
)
 
 
 
 
 
 
 
 
 
Net loss from discontinued operations
 
$
(1,349
)
 
$
(381
)
 
$
(1,956
)
 
$
(390
)


The net loss consists of costs to operate the Portrait Gallery operations until they were discontinued in the second quarter of fiscal 2012, as well as related asset write-offs incurred as the studios were closed and the business discontinued.