Discontinued Operations

3 Months Ended

Mar. 29, 2014

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

DISCONTINUED OPERATIONS

On March 28, 2011, we disposed of our Phase I clinical business. As part of the disposition we remained the guarantor of a Phase I facility lease. The facility lease runs through January 2021 with remaining lease payments totaling $11,070 as of March 29, 2014. On April 4, 2013, the buyer of our Phase I clinical business filed for Chapter 11 bankruptcy and effective July 1, 2013, we assumed control of the leased property and assumed obligations under the lease consistent with the guarantee. The total carrying amount of the liability for our obligation under the lease as of March 29, 2014 is $9,345 and is reflected on the consolidated balance sheet as a liability of discontinued operations.

The consolidated financial statements classify, as discontinued operations, the assets and liabilities, operating results and cash flows, of businesses that are discontinued for all periods presented. Operating results from discontinued operations are as follows:

	Three Months Ended
	March 29, 2014			March 30, 2013
Income (loss) from operations of discontinued businesses, before income taxes	(25		)	(220		)
Provision (benefit) for income taxes	245			(65		)
Income (loss) from operations of discontinued businesses, net of taxes	$	(270	)	$	(155	)

Assets and liabilities of discontinued operations at March 29, 2014 and December 28, 2013 consisted of the following:

	March 29, 2014		December 28, 2013
Current assets	$	677	$	750
Long-term assets	2,970		3,151
Total assets	$	3,647	$	3,901
Current liabilities	$	1,747	$	1,931
Long-term liabilities	7,615		8,080
Total liabilities	$	9,362	$	10,011

Current and long-term assets include deferred tax assets. Current and long-term liabilities consist primarily of estimated lease payments, less sublease income, for the Phase I facility.