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Assets Held for Sale and Net Gain on Disposition
9 Months Ended
Sep. 28, 2019
Discontinued Operations and Disposal Groups [Abstract]  
Assets Held for Sale and Net Gain on Disposition Assets Held for Sale and Net Gain on Disposition

In fiscal 2018, 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 29, 2018, six properties were designated as held for sale, with an additional property designated during the first quarter of 2019. During the nine months ended September 28, 2019, three properties were sold, as further described below. As of September 28, 2019, and December 29, 2018, the net book value of total assets held for sale was $2.1 million and $3.1 million, respectively, and was included in “Other current assets” in our Condensed Consolidated Balance Sheets. Properties held for sale as of September 28, 2019, consisted of land in the Northeast, and four warehouses located in the Midwest and South. We plan to sell these properties within the next 12 months. We continue to actively market all properties that are designated as held for sale.

During the nine months ended September 28, 2019, we sold three non-operating distribution facilities previously designated as “held for sale”. We recognized a gain of $9.8 million in the Condensed Consolidated Statements of Operations as a result of these sales.