Discontinued Operations

9 Months Ended

Oct. 02, 2015

Discontinued Operations and Disposal Groups [Abstract]

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

DISCONTINUED OPERATIONS

On December 19, 2014, the Company sold the Distribution segment's Mexican business unit, Delamac de Mexico, S.A. de C.V. ("Delamac"). As a result, the Company has reported the results of operations and consolidated financial position of this component as discontinued operations within the condensed consolidated financial statements for all periods presented. For the three-month and nine-month fiscal periods ended October 2, 2015, there were no earnings or losses from these discontinued operations. For the three-month fiscal period ended September 26, 2014, the Company recorded $6.3 million in net sales from discontinued operations, $1.3 million of losses and a related tax benefit of $0.4 million, resulting in $0.9 million of net loss from discontinued operations. For the nine-month fiscal period ended September 26, 2014, the Company recorded $18.3 million in net sales from discontinued operations, $2.7 million of losses and a related tax benefit of $0.8 million, resulting in $1.9 million of net loss from discontinued operations.

On December 31, 2012, the Company sold substantially all of the assets and liabilities of the Distribution's 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. For the three-month and nine-month fiscal periods ended October 2, 2015, there were no earnings or losses from these discontinued operations. For the three months and nine months ended September 26, 2014, the Company recorded gain (loss) on disposal of discontinued operations of $(0.1) million, and $0.3 million, respectively, primarily related to a pension settlement that resulted from the 2012 disposal of these operations.