Discontinued Operations

12 Months Ended

Mar. 30, 2019

Discontinued Operations And Disposal Groups [Abstract]

3.	Discontinued Operations

On January 20, 2017, the Company completed the disposition of Champion U.K., which had been initiated during fiscal 2016. Champion U.K. consisted of five manufacturing facilities that primarily constructed steel-framed modular buildings for military accommodations, hotels, residential accommodations and health and educational units, among other applications.

Following is a reconciliation of the components constituting pretax income of discontinued operations to the after-tax income of discontinued operations as presented in the accompanying consolidated statements of operations for the fiscal year ended April 1, 2017 (dollars in thousands):

Major line items constituting pretax income of discontinued operations:
Revenue	$	21,137
Cost of sales		(18,306	)
Selling, general and administrative expenses		(5,016	)
Reclassifications from accumulated other comprehensive income		7,562
Other		10
Pretax income of discontinued operations		5,387
Pretax loss on sale of U.K. operations		(4,803	)
Total pretax gain of U.K. operations		584
Income tax expense		(1	)
Gain on discontinued operations, net of tax	$	583

The gain on discontinued operations recognized in fiscal 2017 was primarily the result of the net effect of the reclassification of cumulative translation adjustment gains and defined benefit pension plan losses of $7.6 million from accumulated other comprehensive loss. The translation gains were only recognizable in net income when the transaction to dispose of Champion U.K. was complete. The disposition of Champion U.K. included all asset and liabilities of the disposed entities, including the defined benefit pension plan. As a result, the accumulated pension actuarial loss, previously included in accumulated other comprehensive income, was recognized as a component of discontinued operations.