| Schedule of discontinued operations |
The results of the Company's retail operations have been presented as discontinued operations in the accompanying consolidated statements of operations and comprehensive income (loss) for all periods presented and are as follows:
| | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | December 30, 2017 | December 31, 2016 | | December 30, 2017 | December 31, 2016 | | (in thousands) | | (in thousands) | Net sales | $ | — |
| $ | 101,931 |
| | $ | — |
| $ | 189,169 |
| Cost of sales, including production and occupancy | — |
| (66,903 | ) | | (10 | ) | (126,647 | ) | Gross margin | — |
| 35,028 |
| | (10 | ) | 62,522 |
| Selling, general and administrative expenses | (320 | ) | (30,524 | ) | | (1,886 | ) | (56,780 | ) | Gain on sale of assets | — |
| — |
| | 6,666 |
| — |
| Income (loss) from discontinued operations, before income tax provision | (320 | ) | 4,504 |
| | 4,770 |
| 5,742 |
| Tax provision | 130 |
| (6 | ) | | (18 | ) | (23 | ) | Income (loss) from discontinued operations, net of tax provision | $ | (190 | ) | $ | 4,498 |
| | $ | 4,752 |
| $ | 5,719 |
|
Assets of discontinued operations held for sale consist of the following, which are stated at the lower of cost or market: | | | | | | | | Description | December 30, 2017 |
| July 1, 2017 |
| | (in thousands) | Distribution Center | $ | — |
| $ | 15,622 |
| LA Studio | 8,613 |
| 8,613 |
| Condominiums | — |
| 1,561 |
| Total | $ | 8,613 |
| $ | 25,796 |
|
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