Asset Impairment Charges

12 Months Ended

Dec. 29, 2013

Property, Plant and Equipment Impairment or Disposal [Abstract]

Asset Impairment Charges

Asset Impairment Charges

In the fourth quarter of fiscal 2012, the Company committed to a plan to no longer pursue new business opportunities in renewable energy, due to significantly diminished expectations for future sales of inverters into renewable energy markets. As a result, the Company determined at that time that its fixed assets used in the manufacture and test of inverters were impaired. Accordingly, the Company recorded a non-cash, pre-tax impairment charge of $1.2 million. The charge is included in cost of sales in the accompanying consolidated statement of operations for the fiscal year ended December 30, 2012. The impairment charge reduced the net book value of the Company's renewable energy fixed assets to a negligible amount.