Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2017

Discontinued Operations and Disposal Groups [Abstract]

Schedule of discontinued operations

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 30, 2017			October 1, 2016		September 30, 2017			October 1, 2016
Net sales	$	26,543		$	29,380	$	82,099		$	106,421
Cost of sales	26,255			27,050		78,310			94,124
Selling, general and administrative expenses	1,329			1,478		3,828			6,733
Amortization of intangible assets	55			50		165			160
Restructuring and other charges, net (1)	6,894			88		9,475			89
Other (income) expense, net	(55		)	518		(8		)	803
(Loss) income from discontinued operations	(7,935		)	196		(9,671		)	4,512
Gain (loss) on sale of discontinued operations	—			1,176		—			(97		)
(Loss) income from discontinued operations before income taxes	(7,935		)	1,372		(9,671		)	4,415
Income tax expense	672			—		—			1,372
(Loss) income from discontinued operations, net of taxes	$	(8,607	)	$	1,372	$	(9,671	)	$	3,043
(Loss) income per share - basic	$	(1.00	)	$	0.16	$	(1.13	)	$	0.36
(Loss) income per share - diluted	$	(1.00	)	$	0.16	$	(1.13	)	$	0.31

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 30, 2017, and December 31, 2016 (in thousands):

	September 30, 2017		December 31, 2016
Accounts receivable, net	$	33,893	$	37,198
Inventories, net	25,206		21,183
Prepaid and other current assets	669		888
Assets of discontinued operations - current	59,768		59,269
Property, plant and equipment, net	6,850		8,767
Goodwill and other long-term assets	—		6,977
Assets of discontinued operations - long-term	6,850		15,744
Accounts payable	9,748		9,866
Other current liabilities	14,501		16,774
Liabilities of discontinued operations - current	24,249		26,640
Other liabilities	151		124
Liabilities of discontinued operations - long-term	151		124
Net assets of discontinued operations	$	42,218	$	48,249