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Subsequent Events
9 Months Ended
Sep. 23, 2012
Subsequent Events [Abstract]  
Subsequent Events
SUBSEQUENT EVENTS

On October 1, 2012, the Company completed the sale of the Banking Security Systems Integration business unit for $3.5 million subject to closing adjustments related to a non-compete agreement and third-party consents plus a working capital adjustment for which the final calculation is yet to be determined. The working capital adjustment is determined based on the difference between $2.5 million and the final calculation of the working capital of the Banking Security Systems Integration business unit as of October 1, 2012. On October 1, 2012, the Company received cash proceeds of $1.5 million and a promissory note of $1.6 million from the purchaser. The note receivable is due in consecutive monthly installments beginning on November 1, 2012, with the last scheduled payment due on October 1, 2017. The promissory note bears interest at the 30 day LIBOR rate plus 5.5%. The selling price is also subject to a contingent consideration payment up to a maximum amount of $0.9 million. The contingent payment is based on the purchaser's revenues for the first year of its ownership of the Banking Security Systems Integration business unit. If these revenues exceed $10 million, the Company is entitled to a contingent payment amount of 10% of the revenues above $10 million, subject to certain adjustments, not to exceed a total contingent consideration payment of $0.9 million. The gain or loss on sale of the Banking Security Systems Integration business unit will be recorded through discontinued operations on the Consolidated Statement of Operations during the fourth quarter ended December 30, 2012.

We filed a claim during the second quarter of 2012 with our insurance provider for the unrecovered amount of our loss related to the improper and fraudulent Canadian activities that impacted our fiscal years 2005 through 2011. The total cumulative gross financial statement impact of the improper and fraudulent activities was approximately $5.2 million of which $1.1 million was recovered by the Company from the perpetrator during the fourth quarter of 2011, resulting in a net cumulative financial statement impact of $4.1 million. We incurred expenses related to the improper and fraudulent activities of $0.7 million during 2012. On October 10, 2012, the Company received compensation of $4.7 million for the financial impact of the fraudulent Canadian activities from our insurance provider. The income from the settlement will be recorded in the fourth quarter of 2012 in other expense in the Consolidated Statement of Operations.