XML 41 R31.htm IDEA: XBRL DOCUMENT v3.8.0.1
Discontinued Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 22, 2017
Mar. 23, 2017
Sep. 30, 2017
Sep. 24, 2016
Sep. 30, 2017
Sep. 24, 2016
Dec. 31, 2016
Current assets:              
Total current assets held for sale             $ 66,821
Total noncurrent liabilities held for sale             46,932
Current liabilities:              
Total current liabilities held for sale             16,576
Total noncurrent liabilities held of sale             1,521
Total assets     $ 69,344   $ 69,344   181,480
Total liabilities     84,693   84,693   157,791
Operating expenses:              
Net income (loss) from discontinued operations     (19,900) $ (833) (28,775) $ 1,077  
Fresh Frozen Foods              
Current liabilities:              
Consideration received   $ 23,700          
Proceeds from sale of Fresh Frozen   $ 19,500          
Total assets             32,200
Total liabilities             2,000
Comparative financial results              
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 (gain) 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 expenses (benefit)       226 1,909 (786)  
Net income (loss) from discontinued operations     (179) (133) (13,037) (1,568)  
Frozen Fruit Business              
Current liabilities:              
Consideration received $ 50,000            
Proceeds from sale of Fresh Frozen 38,900            
Escrow deposit $ 2,000            
Comparative financial results              
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 (gain) on sale of Fresh Frozen Foods     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 expenses (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              
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 liabilities held for sale             46,932
Current liabilities:              
Accounts payable             10,737
Accrued liabilities             3,342
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