Discontinued Operations

6 Months Ended

Jun. 29, 2014

Discontinued Operations And Disposal Groups [Abstract]

Discontinued Operations

NOTE O – Discontinued Operations

On October 2, 2013, the company completed the sale of its Electronics Manufacturing Services (“EMS”) Business to Benchmark Electronics, Inc. (“Benchmark”) for approximately $75,000,000 in cash. Included were five manufacturing facilities located in Moorpark, CA, Londonderry, NH, Bangkok, Thailand, Matamoros, Mexico and San Jose, CA and approximately 1,000 employees.

The Condensed Statement of Operations of the EMS discontinued operations is as follows:

	Three Months Ended			Six Months Ended
($ in thousands)	June 30, 2013			June 30, 2013
Net sales	$	46,180		$	97,630
Cost of goods sold		43,093			90,148
Selling, general and administrative expenses		3,591			7,322
Restructuring and impairment charge		214			596
Operating loss		(718	)		(436	)
Other (expense) income, net		(728	)		67
Loss before income taxes		(1,446	)		(369	)
Income tax (benefit) expense		(364	)		132
Net loss from discontinued operations	$	(1,082	)	$	(501	)