Discontinued Operations

6 Months Ended

Sep. 28, 2012

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

During the six months ended September 28, 2012, the Company's Board of Directors approved a strategic restructuring plan designed to transform the Company. The restructuring plan included the sale of two businesses serving skilled nursing facilities and specialty dental practices, the integration of all distribution operations into one common distribution infrastructure, and the redesign of the Company's shared services segment. As of September 28, 2012, the Company determined that the businesses met the held for sale criteria, and therefore, the results are presented separately as discontinued operations within the accompanying Unaudited Condensed Consolidated Balance Sheets,Unaudited Condensed Consolidated Statements of Operations, and the Unaudited Condensed Consolidated Statements of Cash Flows.See Footnote 15,Subsequent Events, for additional information.

Theassets and liabilities of discontinued operations included on the Unaudited Condensed Consolidated Balance Sheets as of September 28, 2012 and March 30, 2012 are as follows:

		September 28,		March 30,
		2012		2012
(in thousands)
Accounts receivable, net		$	67,025	$	68,158
Inventories			68,763		66,388
Prepaid and other current assets			8,593		7,068
Property and equipment, net			22,062		20,885
Goodwill			92,464		92,295
Intangibles, net			20,828		21,054
Other noncurrent assets			1,428		1,530
	Assets held for sale	$	281,163	$	277,378
Accounts payable		$	32,403	$	27,814
Accrued expenses			8,819		4,317
Other current liabilities			4,659		4,026
Other noncurrent liabilities			1,305		1,483
	Liabilities held for sale	$	47,186	$	37,640

The following table summarizes the net sales and total income from discontinued operations for the three and six months ended September 28, 2012 and September 30, 2011:

	For the Three Months Ended				For the Six Months Ended
	September 28,		September 30,		September 28,		September 30,
	2012		2011		2012		2011
(in thousands)
Net sales	$	129,934	$	130,046	$	264,780	$	263,237
Income before provision for income taxes		4,475		6,201		7,203		12,724
Provision for income taxes		1,871		2,423		2,912		4,957
Income from discontinued operations, net of taxes	$	2,604	$	3,778	$	4,291	$	7,767

During the six months ended September 28, 2012, the Company incurred $5,597of costs associated with the strategic restructuring plan, including retention bonuses for employees and accounting, legal, and other professional fees.