The charges recorded in our consolidated statement of operations attributable to the recall for the year ended December 26, 2015 are summarized as follows (in thousands):


	Year Ended
	December 26, 2015
Net revenues	$	—
Cost of revenues (1)		17,142
Gross profit		(17,142)
Operating expenses:
Selling, general & administrative expenses (2)		2,174
Impairment of intangible asset (3)		9,277
Operating loss		(28,593)
Interest expense (4)		1,476
Loss before income taxes		(30,069)
Income tax benefit		11,034
Net loss	$	(19,035)

(1)

Additional cost of revenues represents the provision for the write-down of inventory on hand and for additional costs estimated to be incurred related to the recall, including product expected to be returned from customers and consumers, partially offset by recall-related insurance recoveries. Through December 26, 2015, the Company has incurred an estimated $19.1 million of product recall charges. Additionally, during the year ended December 26, 2015, the Company incurred approximately $2.2 million of incremental production costs as a result of utilizing co-packers. These charges were partially offset by recall-related insurance recoveries of $4.2 million.

(2)

Additional selling, general and administrative costs consists of approximately $2.2 million for the year ended December 26, 2015 of professional fees associated with the recall.

(3)

Amount reflects a $9.3 million impairment charge recorded to write-off the carrying value of the Fresh Frozen customer relationships intangible asset.

(4)

Amount reflects interest expense and associated financing fees relating to the bridge loans entered into under the prior credit agreement with U.S. Bank National Association (“U.S. Bank”) dated November 8, 2013 (with all related loan documents, and as amended from time to time, the “Prior Credit Facility”) attributed to the Company’s voluntary product recall.