Discontinued Operations

3 Months Ended

Mar. 31, 2012

Discontinued Operations [Abstract]

Discontinued Operations

Note 4—Discontinued Operations

As disclosed in its Annual Report on Form 10-K for Fiscal 2011, the Company discontinued certain operations in prior periods. Summarized operating results for the discontinued operations are presented in the Consolidated Condensed Statements of Operations as follows:

	Three Months Ended
	March 31, 2012		April 2, 2011
Net revenues	$	—	$	—
Income (Loss) before income tax (benefit) (a)	$	3,034	$	(776	)
Income tax (benefit)		—		(275	)
Income (Loss) from discontinued operations	$	3,034	$	(501	)

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

	March 31, 2012		December 31, 2011		April 2, 2011
Prepaid expenses and other current assets	$	—	$	—	$	108
Assets of discontinued operations	$	—	$	—	$	108
Accounts payable	$	4	$	5	$	15
Accrued liabilities (a)		3,969		6,792		3,645
Liabilities of discontinued operations	$	3,973	$	6,797	$	3,660

(a) The increase in income (loss) before income tax (benefit) and the decrease in accrued liabilities between December 31, 2011 and March 31, 2012 is primarily due to the reversal of a reserve related to a French tax liability associated with the Company’s Lejaby discontinued business.

See Note 18 of Notes to Consolidated Condensed Financial Statements – Legal Matters regarding the Company’s Lejaby business.