Asset Sale to WBA (Tables)

3 Months Ended

May 30, 2020

Asset Sale to WBA

Schedule of assets and operating results of discontinued operations

	May 30,		February 29,
	2020		2020
Inventories	$	—	$	13,719
Property and equipment		—		43,576
Operating lease right-of-use asset		—		34,983
Current assets held for sale	$	—	$	92,278
Current portion of operating lease liabilities	$	—	$	2,002
Long-term operating lease liabilities		—		35,061
Current liabilities held for sale	$	—	$	37,063

The operating results of the discontinued operations that are reflected on the consolidated statements of operations within net income (loss) from discontinued operations are as follows:

	May 30,		June 1,
	2020		2019
	(13 weeks)		(13 weeks)
Revenues	$	174	$	(88)
Costs and expenses:
Cost of revenues(a)		8		265
Selling, general and administrative expenses(a)		871		486
Gain on sale of assets, net		(14,149)		(522)
		(13,270)		229
Income (loss) from discontinued operations before income taxes		13,444		(317)
Income tax expense		4,283		3
Net income (loss) from discontinued operations, net of tax	$	9,161	$	(320)

(a) Cost of revenues and selling, general and administrative expenses for the discontinued operations excludes corporate overhead. These charges are reflected in continuing operations.