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Subsequent Events (Tables)
 12 Months Ended
Dec. 31, 2016
Subsequent Event.  
Schedule of unaudited pro forma consolidated results of operations

The following unaudited pro forma consolidated results of operations (in thousands, except per share data) assumes the Fresh Frozen Foods sale occurred as of the beginning of the earliest period presented.  The unaudited pro forma results include estimates and assumptions regarding decreased interest expense related to debt paid down in connection with the sale and the related tax effects.  The pro forma results are not necessarily indicative of the actual results that would have occurred had the acquisition been completed as of the beginning of each of the periods presented, nor are they necessarily indicative of future consolidated results.  The pro forma net loss for fiscal 2016 includes $12.6 million related to the valuation allowance recorded against our net deferred tax assets.  The deferred tax assets include net operating losses from the Fresh Frozen business that will remain with the Company after the sale.  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

December 31,

    

December 26,

    

December 28,

 

 

 

 

 

2016

 

2015

 

2014

 

Net revenues

 

As reported

 

$
269,012

 

$
282,558

 

$
285,663

 

 

 

pro forma

 

$
220,880

 

$
237,024

 

$
224,619

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

 

As reported

 

$
(30,249)

 

$
(20,783)

 

$
10,561

 

 

 

pro forma

 

$
(18,660)

 

$
(327)

 

$
7,324

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted (loss) earnings per share

 

As reported

 

$
(1.54)

 

$
(1.06)

 

$
0.53

 

 

 

pro forma

 

$
(0.95)

 

$
(0.02)

 

$
0.37