Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v2.4.0.8
Discontinued Operations (Tables)
 3 Months Ended
Mar. 29, 2014
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of results of operations, assets and liabilities of businesses reported as discontinued operations
The following table discloses the results of operations of the Hatteras and Cabo businesses reported as discontinued operations for the three months ended March 30, 2013:
(in millions)
March 30,
2013
Net sales
$
10.7

 
 
Loss from discontinued operations before income taxes
(6.5
)
Income tax benefit
(1.4
)
Net loss from discontinued operations, net of tax
$
(5.1
)

There were no assets available for sale as of March 29, 2014 and December 31, 2013. The following table reflects the summary of assets and liabilities held for sale as of March 30, 2013, for the Hatteras and Cabo businesses reported as discontinued operations:
(in millions)
March 30,
2013
Current assets held for sale
$
—

Long-term assets held for sale
—

Assets held for sale (A)
$
—

 
 
Accounts payable
$
—

Accrued expenses
10.4

Current liabilities held for sale
10.4

 
 
Other liabilities
3.0

Long-term liabilities held for sale
3.0

Liabilities held for sale
$
13.4


(A) Assets held for sale at March 30, 2013 are shown net of reserves of $53.9 million.