7. Property and Equipment

3 Months Ended

Apr. 01, 2017

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment as of April 1, 2017, and December 31, 2016, consist of the following:

	Useful Life (Years)	April 1, 2017			December 31, 2016
Land		$	–		$	1,140
Buildings and improvements	18-30		2,287			3,780
Equipment (including computer software)	3-15		18,658			19,260
Projects under construction			205			204
Property and equipment			21,150			24,384
Less accumulated depreciation and amortization			(12,888	)		(14,268	)
Property and equipment, net		$	8,262		$	10,116

Depreciation and amortization expense was $302 and $325 for the 13 weeks ended April 1, 2017 and April 2, 2016, respectively.

On January 25, 2017, the Company sold its’ Compton California facility for $7,103 to Terreno Acacia, LLC. The proceeds from the sale paid off the PNC term loan that was secured by the property, in the amount of $1,020, costs of sale of $325 and the difference of $5,758 was paid towards the PNC Revolver loan. The Company recorded a gain on the sale of property of $5,163. The Company rented the Compton California facility after the sale from January 26, 2017 through April 10, 2017.