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Assets Held for Sale
12 Months Ended
Dec. 30, 2017
Discontinued Operations and Disposal Groups [Abstract]  
Assets Held for Sale Assets Held for Sale
In fiscal 2017, we designated certain non-operating properties as held for sale, due to strategic realignments of our business. At the time of designation, we ceased recognizing depreciation expense on these assets. As of December 30, 2017, two properties were designated as held for sale; and as of December 31, 2016, four properties had been designated as held for sale. During the fiscal year ended December 30, 2017, two properties were sold, as further described below. As of December 30, 2017, and December 31, 2016, the net book value of total assets held for sale was $0.8 million and $2.7 million, respectively, and was included in “Other current assets” in our Consolidated Balance Sheets. Properties held for sale as of December 30, 2017, consisted of land in Newtown, Connecticut, and one warehouse located in Lubbock, Texas. We plan to sell these properties within the next twelve months. We continue to actively market all properties that are designated as held for sale.
For the fiscal year ended December 30, 2017, we sold two non-operating distribution facilities previously designated as “held for sale,” and a parcel of excess land (the “Property Sales”). We recognized a gain of $6.7 million in the Consolidated Statements of Operations as a result of the Property Sales.