Assets held for sale

12 Months Ended

Dec. 26, 2014

Discontinued Operations and Disposal Groups [Abstract]

Assets held for sale

Assets held for sale

During the fourth quarter of 2011, we reclassified land and buildings related to our former operations in Tunisia as held for sale within prepaid expenses and other current assets in the Consolidated Balance Sheets.  In 2012, we completed the sale of a portion of this real estate and were actively marketing the remaining properties. As of December 27, 2013, these assets were classified as held for sale and had a net carrying value of $1.9 million.

In the fourth quarter of 2014, due to continued political and social unrest and administrative difficulties encountered in Tunisia, we were unable to continue actively marketing these properties. As such, we concluded that the assets no longer met all of the criteria required to be classified as held for sale and were reclassified to held and used at the lower of their depreciated carrying value, assuming depreciation had not ceased while classified as held for sale. As of December 26, 2014, the $1.7 million net book value of these assets is recorded within net property, plant and equipment in the Consolidated Balance Sheets.