Discontinued Operations (Tables)

12 Months Ended

Apr. 25, 2015

Financial disclosures of discontinued operations

The results of our discontinued operations for the fiscal years ended April 25, 2015, April 26, 2014, and April 27, 2013, were as follows:

	Year Ended
(Amounts in thousands)	4/25/2015			4/26/2014			4/27/2013
Net sales	$	7,850		$	50,587		$	58,648
Operating income (loss) from discontinued operations	$	869		$	(6,032	)	$	25
Interest expense		8			—			—
Income from Continued Dumping and Subsidy Offset Act, net		4,211			—			—
Income tax benefit (expense)		(1,775	)		2,236			(8	)

Income (loss) from discontinued operations, net of tax	$	3,297		$	(3,796	)	$	17

Operating income from discontinued operations in fiscal 2014 included a $3.3 million restructuring charge.

The assets and liabilities of Lea Industries that were classified as held for sale at April 26, 2014, are detailed below. These assets were liquidated during fiscal 2015.

(Amounts in thousands)	4/26/14
Assets
Receivables, net	$	1,190
Inventories, net		3,013
Other current assets		87

Total assets	$	4,290


Liabilities
Accounts payable	$	234
Accrued expenses and other current liabilities		576
Other long-term liabilities		22

Total liabilities	$	832

- 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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