Discontinued Operations (Tables)

3 Months Ended

Jul. 26, 2014

Financial disclosures of discontinued operations

The results of our discontinued operations for the three months ended July 26, 2014, and July 27, 2013, were as follows:

	Quarter Ended
(Amounts in thousands)	7/26/14			7/27/13
Net sales	$	3,487		$	13,411

Operating income from discontinued operations	$	102		$	56
Income from Continued Dumping and Subsidy Offset Act, net	3,763			—
Income tax expense	(1,368		)	(22		)
Income from discontinued operations, net of tax	$	2,497		$	34

The assets and liabilities of Lea Industries that were classified as held for sale are as follows:


(Amounts in thousands)	7/26/14		4/26/14
Assets
Receivables, net	$	1,115	$	1,190
Inventories, net	2,042		3,013
Other current assets	31		87
Total assets	$	3,188	$	4,290

Liabilities
Accounts payable	$	289	$	234
Accrued expenses and other current liabilities	441		576
Other long-term liabilities	—		22
Total liabilities	$	730	$	832

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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