Business Dispositions

3 Months Ended

Feb. 27, 2016

Discontinued Operations and Disposal Groups [Abstract]

Dispositions

BUSINESS DISPOSITIONS

J.L. Clark

On June 27, 2015, the Company sold 100% of the outstanding shares of J.L. Clark to CC Industries, Inc. ("CCI"), an affiliate of Chicago-based Henry Crown and Company, for $45,232 in cash (cash from CCI of $47,848 at closing, net of $745 cash divested and a post-closing adjustment of $1,871 related to the amount of working capital as of the closing date, as provided in the purchase agreement). Headquartered in Rockford, Illinois and with manufacturing facilities in Lancaster, Pennsylvania, J.L. Clark designs and manufactures specialty metal and plastic packaging for a variety of consumer products customers. Prior to its divestiture, J.L. Clark was the sole operating company within the Company's Packaging segment. The sale of J.L. Clark is consistent with the Company's strategic focus on being a global provider of filtration products, systems and services.

Net sales and operating profit attributable to J.L. Clark for the three months ended February 27, 2016 and February 28, 2015 were as follows:

	2016		2015
Net sales	$	—	$	15,749
Operating profit	—		439