DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Mar. 02, 2013

Summary financial results for the three and nine months ended March 2, 2013, and March 3, 2012, are presented in the following table (in thousands):


	Three Months						Nine Months
	Mar 2, 2013			Mar 3, 2012			Mar 2, 2013			Mar 3, 2012
Net sales	$	(33	)	$	840		$	466		$	2,532
Gross profit (loss)		(297	)		(44	)		(518	)		(418	)
Selling, general, and administrative expenses		231			377			497			(71	)
Additional gain on sale		—			—			—			(266	)
Income tax provision (benefit)		(346	)		(169	)		(543	)		(1,632	)
Income (loss) from discontinued operations, net of tax	$	(182	)	$	(252	)	$	(472	)	$	1,551

Assets and liabilities classified as discontinued operations

Assets and liabilities classified as discontinued operations on our consolidated balance sheets as of March 2, 2013, and June 2, 2012, include the following (in thousands):


			(Audited)
	Mar 2, 2013		Jun 2, 2012
Inventories	$	379	$	503
Prepaid expenses and other assets		—		11

Discontinued operations—Assets	$	379	$	514

Accrued liabilities—current ⁽¹⁾	$	831	$	253
Long-term income tax liabilities ⁽²⁾		1,461		1,361

Discontinued operations—Liabilities	$	2,292	$	1,614

(1)

Included in accrued liabilities as of March 2, 2013, is a payable to Arrow for transition services of $2.4 million, offset by a receivable due to us from Arrow for transition services of $1.6 million.

(2)

Included in long-term income tax liabilites as of March 2, 2013, is the reserve for uncertain tax positions.