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DISCONTINUED OPERATIONS
9 Months Ended
Sep. 29, 2012
DISCONTINUED OPERATIONS  
DISCONTINUED OPERATIONS

NOTE 2 — DISCONTINUED OPERATIONS

 

Effective December 25, 2010, the Company decided to cease operations at its Woodburn, Oregon manufacturing facility.  The Oregon operations were discontinued due to the Company’s decision to exit this unprofitable geographic region.  The amount of Oregon business expected to be retained is insignificant.  The Oregon facility and equipment were sold during the quarter ended September 29, 2012 and are classified as held for sale as of December 31, 2011 and included in other current assets in the accompanying year-end balance sheet.  The sale resulted in a $0.1 million loss and is included in other income in the consolidated statements of operations.

 

The 2011 operating results for the Woodburn, Oregon location are classified as discontinued operations as follows:

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

October 1, 2011

 

October 1, 2011

 

Net sales

 

$

46,694

 

$

3,332,542

 

Pretax loss from operations

 

$

(25,984

)

$

(717,829

)

Net loss

 

$

(25,984

)

$

(717,829

)