Discontinued Operations

9 Months Ended

Sep. 27, 2013

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

DISCONTINUED OPERATIONS

On December 31, 2012, the Company sold substantially all of the assets and liabilities of the Distribution segment's Canadian operations. As a result, the Company has reported the results of operations and financial position of this component as discontinued operations within the condensed consolidated financial statements for all periods presented.

The following tables provide information regarding the results of discontinued operations:

	For the Three Months Ended				For the Nine Months Ended
	September 27, 2013		September 28, 2012		September 27, 2013		September 28, 2012
In thousands
Net sales of discontinued operations	$	—	$	5,046	$	—	$	15,303
Income from discontinued operations	86		246		86		1,191
Other income (expense), net, from discontinued operations	—		5		—		(66		)
Earnings from discontinued operations before income taxes	86		251		86		1,125
Income tax expense	22		53		22		255
Earnings from discontinued operations before gain on disposal	$	64	$	198	$	64	$	870
Gain on disposal of discontinued operations	—		—		—		—
Reduction of provision for income taxes on gain	420		—		420		—
Net gain on disposal	420		—		420		—
Net earnings from discontinued operations	$	484	$	198	$	484	$	870

During the third quarter, the Company recorded a gain on discontinued operations due to a $0.4 million favorable tax result versus previous estimates and other activity related to the settlement of the closing balance sheet.