| Summarizes the operating results of discontinued operations |
The following table summarizes the operating results of discontinued operations for the following periods:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
December 29, |
|
|
December 31, |
|
|
December 29, |
|
|
December 31, |
|
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
NET SALES |
$ |
(106 |
) |
|
$ |
9,731 |
|
|
$ |
7,200 |
|
|
$ |
19,680 |
|
COST OF SALES |
|
1,133 |
|
|
|
11,862 |
|
|
|
11,286 |
|
|
|
22,750 |
|
GROSS LOSS |
|
(1,239 |
) |
|
|
(2,131 |
) |
|
|
(4,086 |
) |
|
|
(3,070 |
) |
OPERATING EXPENSES: |
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative |
|
916 |
|
|
|
1,622 |
|
|
|
2,403 |
|
|
|
4,030 |
|
Total operating expenses |
|
916 |
|
|
|
1,622 |
|
|
|
2,403 |
|
|
|
4,030 |
|
OPERATING LOSS |
|
(2,155 |
) |
|
|
(3,753 |
) |
|
|
(6,489 |
) |
|
|
(7,100 |
) |
Gain on sale of discontinued operations |
|
5,363 |
|
|
|
— |
|
|
|
1,876 |
|
|
|
157 |
|
INCOME (LOSS) BEFORE INCOME TAX BENEFIT (EXPENSE) |
|
3,208 |
|
|
|
(3,753 |
) |
|
|
(4,613 |
) |
|
|
(6,943 |
) |
INCOME TAX BENEFIT (EXPENSE) |
|
(886 |
) |
|
|
959 |
|
|
|
774 |
|
|
|
1,813 |
|
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX |
$ |
2,322 |
|
|
$ |
(2,794 |
) |
|
$ |
(3,839 |
) |
|
$ |
(5,130 |
) |
|
| Schedule of assets and liabilities associated with discontinued operations |
The following table summarizes the assets and liabilities associated with discontinued operations:
|
|
|
|
|
June 30, |
|
|
2024 |
|
CURRENT ASSETS: |
|
|
Accounts receivable, net of allowance |
$ |
3,927 |
|
Inventories, net |
|
7,295 |
|
Total current assets classified as discontinued operations |
$ |
11,222 |
|
|
|
|
NON-CURRENT ASSETS: |
|
|
Property, plant and equipment, net |
$ |
21,499 |
|
Other long-term assets |
|
181 |
|
Total non-current assets classified as discontinued operations |
$ |
21,680 |
|
|
|
|
CURRENT LIABILITIES: |
|
|
Accounts payable |
$ |
1,747 |
|
Accrued expenses and other current liabilities |
|
6,316 |
|
Total current liabilities classified as discontinued operations |
$ |
8,063 |
|
|
|
|
LONG-TERM LIABILITIES: |
|
|
Long-term leases |
$ |
182 |
|
Total long-term liabilities classified as discontinued operations |
$ |
182 |
|
|