Discontinued Operations (Tables)

9 Months Ended

Oct. 01, 2016

Discontinued Operations and Disposal Groups [Abstract]

Schedule of discontinued operations

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 October 1, 2016, and January 2, 2016 (in thousands):

	October 1, 2016			January 2, 2016
Accounts receivable, net	$	—		$	23,244
Inventories	—			18,603
Other current assets	—			6,719
Assets of discontinued operations - current	—			48,566
Property, plant and equipment, net	—			48,244
Goodwill and other long-term assets	—			14,607
Assets of discontinued operations - long-term	—			62,851
Accounts payable	—			17,917
Other current liabilities	280			4,351
Liabilities of discontinued operations - current	280			22,268
Long-term debt and other liabilities	—			1,153
Liabilities of discontinued operations - long-term	—			1,153
Net (liabilities) assets of discontinued operations	$	(280	)	$	87,996

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
	October 1, 2016			September 26, 2015			October 1, 2016			September 26, 2015
Net sales	$	—		$	44,166		$	6,637		$	137,092
Cost of sales	—			37,679			6,625			117,110
Selling, general and administrative expenses	—			5,187			2,242			15,321
Amortization of intangible assets	—			539			—			1,617
Restructuring and other charges	—			31			1			379
Interest expense, net	—			28			7			92
Other expense (income), net	490			(149		)	728			(578		)
(Loss) income from discontinued operations	(490		)	851			(2,966		)	3,151
Gain (loss) on sale of discontinued operations	1,176			—			(97		)	—
Income (loss) from discontinued operations before income taxes	686			851			(3,063		)	3,151
Income tax expense	—			532			1,372			1,382
Income (loss) from discontinued operations, net of taxes	$	686		$	319		$	(4,435	)	$	1,769
Income (loss) per share - basic	$	0.08		$	0.04		$	(0.52	)	$	0.21
Income (loss) per share - diluted	$	0.08		$	0.04		$	(0.46	)	$	0.21