Assets and Liabilities Held for Sale

In October 2015, the Company's Board of Directors approved a plan to sell the Company’s information technology infrastructure services business (“Maintech”).

Maintech met all of the criteria to classify its assets and liabilities as held for sale in the fourth quarter of fiscal 2015. The potential disposal of Maintech did not represent a strategic shift that will have a major effect on the Company’s operations and financial results and is, therefore, not classified as discontinued operations in accordance with ASU 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360). As part of the required evaluation under the held for sale guidance, the Company determined that the approximate fair value less costs to sell the operations exceeded the carrying value of the net assets and no impairment charge was recorded. The Company completed the sale of Maintech in March 2017.

The following table reconciles the major classes of assets and liabilities classified as held for sale as part of continuing operations in the Condensed Consolidated Balance Sheets (in thousands):



	January 29, 2017		October 30, 2016
Assets included as part of continuing operations
Trade accounts receivable, net	$	15,087	$	13,553
Recoverable income taxes	106		15
Other assets	3,264		3,339
Property, equipment and software, net	123		178
Purchased intangible assets	495		495
Total major classes of assets as part of continuing operations	$	19,075	$	17,580

Liabilities included as part of continuing operations
Accrued compensation	$	2,442	$	2,432
Accounts payable	865		921
Accrued taxes other than income taxes	954		833
Accrued insurance and other	1,714		1,574
Total major classes of liabilities as part of continuing operations	$	5,975	$	5,760