Discontinued Operations (Tables)

12 Months Ended

Dec. 27, 2014

Discontinued Operations and Disposal Groups [Abstract]

Components of discontinued operations

The following table shows the components of assets and liabilities that are classified as discontinued operations in the Company's consolidated balance sheets as of December 27, 2014, and December 28, 2013 (in thousands):

	2014			2013
Accounts receivable, net	$	—		$	9
Prepaid and other current assets	8			123
Assets of discontinued operations - current	8			132
Property, plant and equipment, net	—			33
Assets of discontinued operations - long-term	—			33
Accrued compensation and related liabilities	70			627
Other current liabilities	—			1,386
Liabilities of discontinued operations - current	70			2,013
Net assets	$	(62	)	$	(1,848	)

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

	For The Years Ended
	2014			2013		2012
Net sales	$	—		$	34,891	$	68,478
(Loss) income from discontinued operations before income taxes (1)	(63		)	4,471		11,342
Income tax expense on discontinued operations	—			2,663		4,441
Gain (loss) on sale of discontinued operations, net of tax (2)	2,519			14,933		(6,260		)
Income from discontinued operations, net of taxes	$	2,456		$	16,741	$	641
Income per share - basic	$	0.04		$	0.25	$	0.01
Income per share - diluted	$	0.04		$	0.25	$	0.01

^{____________________} 

⁽¹⁾     Income from discontinued operations for the year ended 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.

⁽²⁾     The gain (loss) on the sale of discontinued operations is shown net of tax expense of zero and $10.7 million for the years ended 2014 and 2013, respectively, and a tax benefit of $2.6 million for the year ended 2012.