Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2017

Fresh Frozen Foods

Schedule of comparative financial results of Fresh Frozen Foods Business included in discontinued operations

The summary comparative financial results of the Fresh Frozen Foods Business, included within discontinued operations, were as follows (in thousands):

	Quarter Ended				Nine Months Ended
	September 30, 2017		September 24, 2016		September 30, 2017		September 24, 2016
Net revenues	$	—	$	10,388	$	8,734	$	34,529
Cost of revenues		5		9,051		8,606		33,091
Gross profit		(5)		1,337		128		1,438
Operating expenses:
Selling, general and administrative expenses		-		890		668		2,730
Operating income (loss)		(5)		447		(540)		(1,292)
Loss on sale of Fresh Frozen Foods		174		—		10,257		—
Interest expense, net		—		354		331		1,062
Income (loss) before income taxes		(179)		93		(11,128)		(2,354)
Income tax expense (benefit)		—		226		1,909		(786)
Net loss from discontinued operations	$	(179)	$	(133)	$	(13,037)	$	(1,568)

Frozen Fruit Business

Schedule of comparative financial results of Fresh Frozen Foods Business included in discontinued operations

The summary comparative financial results of the Frozen Fruit Business, included within discontinued operations, were as follows (in thousands):

	Quarter Ended				Nine Months Ended
	September 30, 2017		September 24, 2016		September 30, 2017		September 24, 2016
Net revenues	$	20,228	$	27,554	$	64,383	$	90,162
Cost of revenues		17,154		26,021		52,961		79,561
Gross profit		3,074		1,533		11,422		10,601
Operating expenses:
Selling, general and administrative expenses		1,115		1,592		3,983		4,383
Operating income (loss)		1,959		(59)		7,439		6,218
Loss on sale of Frozen Fruit Business		22,460		—		22,460		—
Interest expense, net		641		658		2,046		1,992
Income (loss) before income taxes		(21,142)		(717)		(17,067)		4,226
Income tax expense (benefit)		(1,421)		(17)		(1,329)		1,581
Net income (loss) from discontinued operations	$	(19,721)	$	(700)	$	(15,738)	$	2,645

Fresh Frozen Foods business and Frozen Fruit Business

Schedule of comparative financial results of Fresh Frozen Foods Business included in discontinued operations

The summary of the assets and liabilities of both the Fresh Frozen Foods Business and the Frozen Fruit Business that were included as assets and liabilities held for sale as of December 31. 2016, were as follows (in thousands):

	December 31,
	2016
Current assets:
Accounts receivable, net of allowance for doubtful accounts	$	7,394
Inventories		58,791
Other current assets		636
Total current assets held for sale	$	66,821
Property and equipment, net of accumulated depreciation		31,117
Goodwill		8,999
Trademarks and other intangibles, net		6,347
Other assets		469
Total noncurrent assets held for sale	$	46,932
Current liabilities:
Accounts payable	$	10,737
Accrued liabilities		3,342
Line of credit		—
Current portion of term debt		2,497
Total current liabilities held for sale	$	16,576
Other liabilities		1,521
Total noncurrent liabilities held of sale	$	1,521