Subsequent Events

3 Months Ended

Apr. 01, 2016

Subsequent Event [Line Items]

Subsequent Events

Subsequent Events:

In February 2015, the Company committed to a plan to dispose of a business, historically included within the Company’s Health and Infrastructure Sector segment, that is primarily focused on design, build and heavy construction engineering services.

The sale was completed on April 15, 2016 with cash proceeds received of $27 million, resulting in a preliminary gain on sale, subject to certain customary working capital adjustments. In addition, the Company is eligible to receive contingent earn-out payments not to exceed $2 million, subject to the achievement of certain income targets. The Company will recognize any consideration for the contingent earn-out payments when received.

Leidos, Inc.

Subsequent Event [Line Items]

Subsequent Events

Subsequent Events:

In February 2015, the Company committed to a plan to dispose of a business, historically included within the Company’s Health and Infrastructure Sector segment, that is primarily focused on design, build and heavy construction engineering services.

The sale was completed on April 15, 2016 with cash proceeds received of $27 million, resulting in a preliminary gain on sale, subject to certain customary working capital adjustments. In addition, the Company is eligible to receive contingent earn-out payments not to exceed $2 million, subject to the achievement of certain income targets. The Company will recognize any consideration for the contingent earn-out payments when received.