Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v2.4.0.8
Discontinued Operations (Tables)
 6 Months Ended
Jun. 28, 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 and six months ended June 29, 2013:
 
Three Months Ended
 
Six Months Ended
(in millions)
June 29,
2013
 
June 29,
2013
Net sales
$
10.3

 
$
21.0

 
 
 
 
Earnings (loss) from discontinued operations before income taxes
0.5

 
(6.0
)
Income tax benefit
(0.6
)
 
(2.0
)
Net earnings (loss) from discontinued operations, net of tax
$
1.1

 
$
(4.0
)

There were no assets held for sale as of June 28, 2014 and December 31, 2013. The following table reflects the summary of assets and liabilities held for sale as of June 29, 2013, for the Hatteras and Cabo businesses reported as discontinued operations:
(in millions)
June 29,
2013
Accounts and notes receivable, net
$
12.4

Net inventory
5.9

Current assets held for sale
18.3

 
 
Long-term assets held for sale
—

Assets held for sale (A)
$
18.3

 
 
Accrued expenses
$
17.0

Current liabilities held for sale
17.0

 
 
Other liabilities
2.7

Long-term liabilities held for sale
2.7

Liabilities held for sale
$
19.7


(A) Assets held for sale at June 29, 2013 are shown net of reserves of $50.4 million.