DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Dec. 01, 2012

Summary financial results for the three and six months ended December 1, 2012, and December 3, 2011, are presented in the following table (in thousands):


	Three Months						Six Months
	Dec 1, 2012			Dec 3, 2011			Dec 1, 2012			Dec 3, 2011
Net sales	$	278		$	816		$	499		$	1,691
Gross profit (loss)		(128	)		(105	)		(221	)		(374	)
Selling, general, and administrative expenses		201			29			266			(448	)
Other (income) expense		1			—			1			—
Additonal gain on sale		—			—			—			(266	)
Income tax provision (benefit)		(127	)		665			(198	)		(1,463	)
Income (loss) from discontinued operations, net of tax	$	(203	)	$	(799	)	$	(290	)	$	1,803

Assets and liabilities classified as discontinued operations

Assets and liabilities classified as discontinued operations on our unaudited consolidated balance sheets as of December 1, 2012, and June 2, 2012, include the following (in thousands):


	Dec 1, 2012		Jun 2, 2012
Inventories	$	248	$	503
Prepaid expenses and other assets		—		11

Discontinued operations—Assets	$	248	$	514

Accrued liabilities—current ⁽¹⁾	$	418	$	253
Long-term income tax liabilities ⁽²⁾		1,380		1,361

Discontinued operations—Liabilities	$	1,798	$	1,614

(1)

Included in accrued liabilities as of December 1, 2012, is a payable to Arrow for transition services of $ 1.8 million, offset by a receivable due to us from Arrow for transition services of $1.4 million.

(2)

Included in long-term income tax liabilites as of December 1, 2012, is the reserve for uncertain tax positions.