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Strategic Investments
12 Months Ended
Dec. 28, 2014
Strategic Investments

Note 19—Strategic Investments

During the second quarter of 2014, our strategic investment of $0.7 million was sold for $2.1 million, resulting in a gain of $1.4 million.

During the first quarter of 2013, as a result of the failure of certain funding plans for one of the strategic investments, we evaluated the investment for impairment. Based on the current financial position of the investee and the lack of future cash flow funding, we determined that the investment was impaired and wrote off the full value of $3.0 million.

The total cost basis for strategic investments, which are included in other assets on the balance sheet, was $0 million and $0.7 million, net of impairments, respectively, as of December 28, 2014 and December 29, 2013.