Discontinued Operations

6 Months Ended

Dec. 28, 2013

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Discontinued Operations

Discontinued operations include the operating results and other adjustments related to our Direct Sale Program business ("Program Business") and Ireland business ("Ireland Business"), both of which had previously been included in our United States operating segment. We concluded that both the Program Business and Ireland Business met the requirements to be presented as assets and liabilities held-for-sale and discontinued operations. Accordingly, the results of these operations have been reclassified to discontinued operations for all periods presented on the Condensed Consolidated Statements of Operations.

On December 31, 2013, subsequent to the end of the second quarter of fiscal year 2014, we sold our Program Business. As a result of this agreement, we reduced the carrying value of the Program Business net assets as of December 28, 2013 to equal the estimated net proceeds from the transaction and recorded a corresponding pretax loss on the sale of $12,319 in the three months ended December 28, 2013 and is included in "Loss on sale and other adjustments, net of tax" in the table below. The loss on the sale was based on a preliminary estimate, which is subject to change. However, any change is not expected to have a material impact to the consolidated financial statements. Separately, we completed the sale of our Ireland Business during the second quarter of fiscal year 2014 and recognized a pretax loss on the sale of $603, which has also been included in "Loss on sale and other adjustments, net of tax" in the table below. Total aggregate gross proceeds from the sales were $6,641. Summarized financial information for discontinued operations is shown below:

	Three Months Ended					Six Months Ended
	December 28, 2013			December 29, 2012		December 28, 2013			December 29, 2012
Rental and direct sales revenue from discontinued operations	$	8,566		$	10,904	$	17,636		$	22,738
Income (loss) before income taxes	(225		)	571		139			1,180
Income (loss), net of tax	(125		)	354		86			743
Loss on sale and other adjustments, net of tax	(8,298		)	—		(8,298		)	—
Net income (loss) from discontinued operations, net of tax	$	(8,423	)	$	354	$	(8,212	)	$	743

	Three and Six Months Ended
	December 28, 2013
Loss in excess of carrying value of Program Business	$	(11,651	)
Transaction and related costs	(668		)
Loss on sale of Program Business	(12,319		)
Loss on sale of Ireland Business	(603		)
Pretax loss on sale of businesses	(12,922		)
Income tax benefit	4,624
Loss on sale and other adjustments, net of tax	$	(8,298	)

The carrying amount of the major classes of assets and liabilities related to the Program Business as of December 28, 2013 and included in other current assets and accrued expenses and other current liabilities is as follows:

	December 28, 2013
Accounts receivable, net	$	5,099
Inventory	15,201
Other assets	737
Loss in excess of carrying value of Program Business	(11,651		)
Total other current assets	$	9,386
Accounts payable	$	1,473
Accrued expenses	3,534
Total accrued expenses and other current liabilities	$	5,007