DISCONTINUED OPERATIONS AND DISPOSALS

3 Months Ended

Apr. 01, 2017

DISCONTINUED OPERATIONS AND DISPOSALS

DISCONTINUED OPERATIONS AND DISPOSALS

13.    DISCONTINUED OPERATIONS AND DISPOSALS

The Company completed the sale of Lucky Brand in February of 2014 and substantially completed the wind-down operations of the Juicy Couture business in the second quarter of 2014.

The Company recorded pretax income of $1.2 million during the three months ended April 2, 2016, to reflect the estimated difference between the carrying value of the net assets disposed and their estimated fair value, less costs to dispose, including transaction costs.

Summarized results of discontinued operations are as follows:

	Three Months Ended
	April 1, 2017		April 2, 2016
In thousands	(13 Weeks)		(13 Weeks)
Income (loss) before benefit for income taxes	$	85	$	(498)
Benefit for income taxes		(47)		—
Income (loss) from discontinued operations, net of income taxes	$	132	$	(498)
Gain on disposal of discontinued operations, net of income taxes	$	33	$	1,218