Discontinued Operations

3 Months Ended

Mar. 30, 2013

Discontinued Operation, Income (Loss) from Discontinued Operation Disclosures [Abstract]

Discontinued Operations [Text Block]

Discontinued Operations

On February 10, 2012, the Company completed the sale of its documents and forms business ("Documents Group"). Net cash proceeds were approximately $35.5 million. The original sale price of $40.0 million was subject to customary working capital settlement negotiations, which were completed during the third quarter of 2012, pursuant to the purchase and sale agreement. The operating results of the Documents Group are reported in discontinued operations in the Company's condensed consolidated financial statements for all periods presented herein.

On January 27, 2012, the Company completed the sale of its wide format business, for cash proceeds of approximately $4.7 million. The operating results of the wide-format business are reported in discontinued operations in the Company's condensed consolidated financial statements for all periods presented herein.

The following table summarizes certain statement of operations information for discontinued operations (in thousands, except per share data):

	For the Three Months Ended
	March 30, 2013		March 31, 2012
Net sales	$	—	$	9,190
Income from discontinued operations before income taxes (1)	11		623
Income tax expense on discontinued operations	—		242
Loss on sale of discontinued operations, net of taxes of $3.2 million	—		(5,015		)
Income (loss) from discontinued operations, net of taxes	$	11	$	(4,634	)
Income (loss) per share - basic and diluted	$	—	$	(0.07	)

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⁽¹⁾ Income (loss) from discontinued operations, net of taxes for the first quarter of 2012 also includes the reduction of a liability of $1.8 million, net of tax expense of $1.2 million, due to the expiration of certain statutes of limitations related to a previous divestiture.