Discontinued Operations

6 Months Ended

Jul. 02, 2011

Discontinued Operations [Abstract]

Discontinued Operations

Note 4—Discontinued Operations

As disclosed in its Annual Report on Form 10-K for Fiscal 2010, the Company discontinued certain operations in prior periods. Summarized operating results for the discontinued operations of those prior periods are as follows:

	Three Months Ended						Six Months Ended
	July 2,			July 3,			July 2,			July 3,
	2011			2010			2011			2010
Net revenues	$	—		$	738		$	—		$	1,349
(Loss) before income tax (benefit)	$	(100	)	$	(188	)	$	(876	)	$	(716	)
Income tax (benefit)		(37	)		(95	)		(312	)		(286	)
(Loss) from discontinued operations	$	(63	)	$	(93	)	$	(564	)	$	(430	)

Summarized assets and liabilities of the discontinued operations are presented in the Consolidated Condensed Balance Sheets as follows:

	July 2, 2011		January 1, 2011		July 3, 2010
Accounts receivable, net	$	—	$	18	$	213
Inventories		—		—		400
Prepaid expenses and other current assets		—		107		813
Assets of discontinued operations	$	—	$	125	$	1,426
Accounts payable	$	6	$	32	$	216
Accrued liabilities		3,427		18,768		8,329
Other		—		—		11
Liabilities of discontinued operations	$	3,433	$	18,800	$	8,556

During February 2011, the Company and Doyle & Bossiere Fund I LLC reached a settlement agreement and mutual release related to the OP Action (see Note 18 of Notes to Consolidated Condensed Financial Statements — Legal Matters). On February 16, 2011, the Company paid $15,000 in full and final settlement of the OP Action in accordance with the terms of the settlement agreement and mutual release.