Discontinued Operations (Tables)

9 Months Ended

Sep. 26, 2015

Discontinued Operations and Disposal Groups [Abstract]

The following table shows the components of assets and liabilities that are classified as discontinued operations in the Company's condensed consolidated balance sheets as of September 26, 2015, and December 27, 2014 (in thousands):



	September 26, 2015		December 27, 2014
Accounts receivable, net	$	28,649	$	29,344
Inventories	21,017		18,119
Other current assets	6,715		5,106
Assets of discontinued operations - current	56,381		52,569
Property, plant and equipment, net	48,786		54,585
Goodwill and other long-term assets	29,183		32,028
Assets of discontinued operations - long-term	77,969		86,613
Accounts payable	22,008		19,145
Other current liabilities	4,870		5,058
Liabilities of discontinued operations - current	26,878		24,203
Long-term debt and other liabilities	2,014		3,520
Liabilities of discontinued operations - long-term	2,014		3,520
Net assets of discontinued operations	$	105,458	$	111,459

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



	For the Three Months Ended				For the Nine Months Ended
	September 26, 2015		September 27, 2014		September 26, 2015		September 27, 2014
Income from discontinued operations before income taxes	$	846	$	5,167	$	3,151	$	7,687
Income tax expense on discontinued operations	527		2,030		1,382		2,955
Gain on sale of discontinued operations ⁽¹⁾	—		—		—		1,559
Income from discontinued operations, net of taxes	$	319	$	3,137	$	1,769	$	6,291
Income per share - basic	$	—	$	0.05	$	0.02	$	0.09
Income per share - diluted	$	—	$	0.05	$	0.02	$	0.09

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(1)	The gain on the sale of discontinued operations is shown net of taxes of $1.0 million for the nine months ended September 27, 2014, and relates to a 2013 divestiture.

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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