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DISCONTINUED OPERATIONS
 12 Months Ended
May 31, 2014
DISCONTINUED OPERATIONS
4.
DISCONTINUED OPERATIONS
Financial Summary - Discontinued Operations
Summary financial results for fiscal 2014, 2013, and 2012 are presented in the following table (in thousands):
 
 
Fiscal 2014
 
Fiscal 2013
 
Fiscal 2012
Net sales
$
402

 
$
636

 
$
2,984

Gross loss(1)
(330
)
 
(553
)
 
(227
)
Selling, general, and administrative expenses (2)
215

 
714

 
552

Additional (gain)/loss on sale
—

 
18

 
(266
)
Income tax provision (benefit) (3)
(375
)
 
(2,051
)
 
(1,049
)
Income (loss) from discontinued operations, net of tax
(170
)
 
766

 
536

Notes:
(1)
Gross loss for fiscal year 2014, 2013, and 2012 includes unabsorbed manufacturing labor and overhead expenses related to the Manufacturing Agreement with RFPD which ended March 1, 2014.
(2)
Selling, General and Administrative expenses in fiscals 2014, 2013, and 2012 related primarily to professional fees for tax audits resulting from the Transaction.
(3)
The income tax benefits in fiscal years 2014, 2013, and 2012 relates to the reversal of tax reserves.
In accordance with ASC 230, Statement of Cash Flows, entities are permitted but not required to separately disclose, either in the statement of cash flows or footnotes to the financial statements, cash flows pertaining to discontinued operations. Entities that do not present separate operating cash flows information related to discontinued operations must do so consistently for all periods presented, which may include periods long after the sale or liquidation of the operation. We did not have cash balances that were specific to RFPD and elected not to present separate cash flows from discontinued operations on our statement of cash flows.
Assets and liabilities classified as discontinued operations on our consolidated balance sheets as of May 31, 2014, and June 1, 2013, include the following (in thousands):
 
 
May 31, 2014
 
June 1, 2013
Inventories
$
18

 
$
303

Discontinued operations - Assets
$
18

 
$
303

Accrued liabilities - current 
$
7

 
$
245

Accrued liabilities - non-current (1)
130

 
—

Discontinued operations - Liabilities
$
137

 
$
245

 
(1)
Included in accrued liabilities - non-current as of May 31, 2014, relate to a reserve for an income tax liability due to an ongoing audit.