Discontinued Operations

3 Months Ended

May 04, 2013

5.	Discontinued Operations

In the second quarter of fiscal 2012, the Company exited its European Direct business. As a result, the operating results of the European Direct business for the first quarter of fiscal 2012 have been reclassified to reflect the operating results as discontinued operations. The following table summarizes the results from discontinued operations from the Company’s European Direct Business for the first quarter of fiscal 2012


	For the three months ended
(in thousands)	April 28, 2012
Sales	$	374
Gross margin		134
Selling, general and administrative expenses		311
Depreciation and amortization		4
Benefit from income taxes		—

Loss from discontinued operations, net of taxes	$	181

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

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+ Details