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Discontinued Operations
12 Months Ended
Jul. 02, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations
In fiscal year 2014, we sold our Direct Sale Program business ("Program Business") and Ireland business ("Ireland Business"), which met the requirements to be presented as discontinued operations and accordingly, the results of these operations have been reclassified to discontinued operations for fiscal year 2014 in the Consolidated Statements of Operations. Both of these businesses were previously included in our United States operating segment. There were no discontinued operations for fiscal year 2016 or 2015.
As a result of this agreement, we reduced the carrying value of the Program Business net assets and recorded a corresponding pretax loss on the sale of $12,319, which is included in "Loss on sale and other adjustments, net of tax" in the table below. 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:
 
 
For the Fiscal Year
 
 
2014
Rental and direct sale revenue from discontinued operations
 
$
17,844

Loss before income taxes
 
(279
)
 
 
 
Loss, net of tax
 
(141
)
Loss on sale and other adjustments, net of tax
 
(8,252
)
Net loss from discontinued operations, net of tax
 
$
(8,393
)
 
 
For the Fiscal Year
 
 
2014
Loss in excess of carrying value of Program Business
 
$
(11,559
)
Transaction and related costs
 
(675
)
Loss on sale of Program Business
 
(12,234
)
Loss on sale of Ireland Business
 
(603
)
Pretax loss on sale of businesses
 
(12,837
)
Income tax benefit
 
4,585

Loss on sale and other adjustments, net of tax
 
$
(8,252
)