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DISCONTINUED OPERATIONS (Tables)
12 Months Ended
May 31, 2014
Summary financial results
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.
Assets and liabilities classified as discontinued operations
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,