Factoring of Accounts Receivable (Notes)

6 Months Ended

Jul. 03, 2016

Factoring of Accounts Receivable [Abstract]

Factoring of Accounts Receivable

FACTORING OF ACCOUNTS RECEIVABLE

We entered into agreements under which we sold a total of $1.2 million and $2.6 million of our accounts receivable at a discount to unrelated third party financiers without recourse during the thirteen week periods ended July 3, 2016 and June 28, 2015, respectively. We sold a total of $14.1 million and $2.6 million of our accounts receivable at a discount to unrelated third party financiers without recourse during the twenty-six week periods ended July 3, 2016 and June 28, 2015, respectively. The transfers qualified for sales treatment and, accordingly, discounts related to the sale of the receivables, which were immaterial, were recorded on our consolidated statements of operations as other expense.