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Note 4 - Property and Equipment, Net
 6 Months Ended
Jun. 28, 2015
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

4. Property and Equipment, net


The following table summarizes the components of property and equipment, at cost (in thousands):


   

June 28,

2015

    

December 28,

2014

  

Building and site improvements

   $ 21,473     $ 27,905  

Furniture and equipment

     13,652       13,445  

Construction in process

     296       83  

Property and equipment

    35,421       41,433  

Less accumulated depreciation

     (7,575 )     (8,694 )

Property and equipment, net

   $ 27,846     $ 32,739  

On March 26, 2015, Lakes entered into an agreement to sell its corporate headquarters office building at a price of approximately $4.7 million, less approximate fees and closing costs of $0.3 million. The corporate headquarters office building was carried at $4.8 million, net of accumulated depreciation, on Lakes’ consolidated balance sheet as of the date of the sale agreement, resulting in the recognition of an impairment charge of $0.4 million during the six months ended June 28, 2015. The sale of the corporate headquarters office building closed on May 20, 2015.