Discontinued Operations

12 Months Ended

Dec. 29, 2012

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

On March 28, 2011, we disposed of our Phase I clinical business for a nominal amount. As part of the disposition we remained the guarantor of the Phase I facility lease. During the second quarter of 2011, we recognized the value of the guarantee net of the buyer's related indemnity as a liability of $2,994, which we are amortizing ratably over the remaining term of the lease. The facility lease runs through January 2021 with remaining lease payments totaling $13,272 as of December 29, 2012.

During the period ended December 29, 2012, we concluded that the decreasing financial viability of the lessee increased the probability that we will be required to make future lease payments as guarantor. As a result, we recorded an additional contingent loss of $7,158 for the guarantee, reflecting our estimate of the total future lease payments less sublease income. Under the terms of the lease, if we are required to honor the guarantee due to default by the lessee, we may obtain control of the leased property. The total carrying amount of the liability for our obligation under the guarantee is $9,679 as of December 29, 2012 and is reflected on the consolidated balance sheet a liability of discontinued operations.

The consolidated financial statements have been reclassified to segregate, as discontinued operations, the assets and liabilities, operating results and cash flows, of the businesses being discontinued for all periods presented. Operating results from discontinued operations are as follows:

	Fiscal Year Ended
	December 29, 2012			December 31, 2011			December 25, 2010
Net sales	$	—		$	2,112		$	17,508
Asset impairment	—			—			6,402
Income (loss) from operations of discontinued businesses, before income taxes	(6,986		)	(8,964		)	(13,465		)
Provision (benefit) for income taxes	(2,734		)	(3,419		)	(5,453		)
Income (loss) from operations of discontinued businesses, net of taxes	$	(4,252	)	$	(5,545	)	$	(8,012	)

Assets and liabilities of discontinued operations at December 2012 and December 2011 consisted of the following:

	December 29, 2012		December 31, 2011
Current assets	$	495	$	107
Long-term assets	3,328		986
Total assets	$	3,823	$	1,093
Current liabilities	$	1,802	$	1,165
Long-term liabilities	8,795		2,522
Total liabilities	$	10,597	$	3,687

Current assets include a current deferred tax asset. Non-current assets include a long-term deferred tax asset. Current and long-term liabilities consist of a lease guarantee.