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Assets Held for Sale and Net Gain on Disposition | 9 Months Ended
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Sep. 29, 2012
Assets Held For Sale and Net Gain On Disposition [Abstract] |
Assets Held for Sale and Net Gain on Disposition |
4. | Assets Held for Sale and Net Gain on Disposition
We have certain facilities that we have designated as assets held for sale. At the time of designation, we ceased recognizing depreciation expense on these assets. As of September 29, 2012 and December 31, 2011, total assets held for sale were $1.6 million and $2.3 million respectively, and were included in “Other current assets” in our Consolidated Balance Sheets. During the third quarter of fiscal 2012 and the first nine months of fiscal 2012, we sold certain real properties held for sale that resulted in gains of $9.2 million and $9.7 million, respectively. These gains were recorded in “Selling, general, and administrative” expenses in the Consolidated Statements of Operations. The gain recorded during the third quarter of fiscal 2012 related to the sale of our Newark, California location, which was designated as held for sale during the second fiscal quarter of 2012. At the time this location was classified as held for sale, we recorded the net book value of $6.6 million in Other current assets in our Consolidated Balance Sheet. We plan to relocate in the surrounding area to continue servicing the immediate market. We continue to actively market the remaining properties that are held for sale.

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- Definition Assets that have been identified for sale for which depreciation is ceased. This also includes discussion of the net gain or loss on sale. + References No definition available. + Details
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