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Assets Held for Sale and Net Gain on Disposition | 6 Months Ended
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Jul. 05, 2014
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 assets that we have designated as assets held for sale. At the time of designation, we ceased recognizing depreciation expense on these assets. As of July 5, 2014, and January 4, 2013, total assets held for sale were $0.9 million and $2.6 million, respectively, and were included in “Other current assets” in our Consolidated Balance Sheets. During the second quarter of fiscal 2014 we designated the Shreveport, Louisiana location as held for sale. The facility has a carrying value of $0.2 million. We continue to actively market all properties that are designated as held for sale. During the second quarter and first six months of fiscal 2014, we recognized a gain of $5.1 million on the sale of the closed Portland, Oregon facility, which was classified as held for sale. This gain was recorded in “Selling, general, and administrative” expenses in the Consolidated Statements of Operations and Comprehensive Income (Loss). We recognized an additional gain related to our Fremont, California location during the first quarter and first six months of fiscal 2014 of approximately $0.2 million. The gain was related to proceeds previously held in an escrow account for certain environmental remediation procedures. No other real properties classified as held for sale were sold during the period.

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- Definition Represents 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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