Note 14 - Discontinued Operations

12 Months Ended

Dec. 28, 2014

Discontinued Operations and Disposal Groups [Abstract]

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

DISCONTINUED OPERATIONS

In 2012, the Company sold its Bentley Prince Street business segment to a third party. In accordance with applicable accounting standards, the Company has reported the results of operations for the former Bentley Prince Street business segment as “discontinued operations,” where applicable. Consequently, the Company’s discussion of sales and other results of operations (except for net income or loss amounts), including percentages derived from or based on such amounts, excludes these discontinued operations unless we indicate otherwise. There were no sales or income (loss) on operations associated with discontinued operations in 2014 or 2013.

Summary operating results for the discontinued operations are as follows:

	FISCAL YEAR
	2014		2013		2012
	(in thousands)
Net sales	$	0	$	0	$	57,017
Income (loss) on operations before taxes		0		0		(26,120	)
Taxes on income (benefit)		0		0		(9,164	)
Income (loss) on operations, net of tax		0		0		(16,956	)

Loss from discontinued operations, net of tax, for 2012 was comprised of the following after-tax amounts: (1) $8.6 million of loss on disposal; (2) $5.9 million of costs to sell the operations; and (3) $2.5 million of non-disposal loss from the discontinued operations.

There were no assets and liabilities, including reserves, related to discontinued operations that were held for sale as of December 28, 2014 or December 29, 2013.