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Discontinued operations (Tables)
 12 Months Ended
Mar. 28, 2020
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations
The following table presents the net income from discontinued operations for the year ended March 28, 2020, March 30, 2019, and March 31, 2018:
 
   
Fiscal Year Ended
 
   
March 28, 2020
   
March 30, 2019
   
March 31, 2018
 
   
(In thousands, except per share amounts)
 
Net sales
  $—     $—     $110,789 
Cost of sales
   —      —      72,615 
  
 
 
   
 
 
   
 
 
 
Gross profit
   —      —      38,174 
Selling, general and administrative expenses
   552    381    30,902 
Restructuring charges
   —      —      —   
Depreciation and amortization
   —      —      1,674 
  
 
 
   
 
 
   
 
 
 
Total operating expenses
   552    381    32,576 
  
 
 
   
 
 
   
 
 
 
Operating (loss) income
   (552)    (381)    5,598 
Interest and other financial costs
   —      —      3,683 
Debt extinguishment charges
   —      —      3,415 
  
 
 
   
 
 
   
 
 
 
(Loss) income before taxes
   (552)    (381)    (1,500) 
Income tax expense (benefit)
   —      —      92 
  
 
 
   
 
 
   
 
 
 
(Loss) income from discontinued operations, net of taxes
   (552)    (381)    (1,592) 
Gain on disposal, net of taxes
   —      —      37,682 
  
 
 
   
 
 
   
 
 
 
Net (loss) income from discontinued operations
  $(552)   $(381)   $36,090 
  
 
 
   
 
 
   
 
 
 
Weighted average common shares outstanding:
      
Basic
   17,968    17,961    17,961 
Diluted
   17,968    17,961    18,393 
Net (loss) income from discontinued operations per common share:
      
Basic
  $(0.03)   $(0.02)   $2.01 
Diluted
  $(0.03)   $(0.02)   $1.96 
Schedule of Reconciliation of Gain on Sale of Subsidiary
The table below presents the reconciliation of the gain on the sale of Mayors:
 
   
October 23,
 
2017
 
Cash proceeds on disposal
  $134,982 
Legal and professional fees incurred as a result of the Aurum Transaction
   (3,759) 
Cash
   3,083 
Accounts receivable
   15,705 
Inventory
   89,101 
Prepaid expenses
   1,110 
Property and equipment
   11,176 
Intangible assets
   343 
Other assets
   244 
Deferred income tax asset
   6,705 
Accounts payable
   (27,207) 
Accrued expenses
   (3,552) 
Long-term debt
   (333) 
Other long-term liabilities
   (2,834) 
  
 
 
 
Total identifiable net assets
   93,541 
  
 
 
 
Gain on disposal, net of taxes of nil
  $37,682