Discontinued Operations

6 Months Ended

Aug. 01, 2015

Discontinued Operations And Disposal Groups [Abstract]

Discontinued Operations

6. Discontinued Operations

In the second quarter of fiscal 2014, the Company notified Sears Canada of its intent to exit the business and began the process of an orderly wind-down.  The Company ceased taking new orders and completed the run-off of operations through a final settlement with Sears during the fourth quarter of fiscal 2014.  Accordingly, the results of operations for the second quarter and first six months of fiscal 2014 have been reclassified to reflect the operating results as discontinued operations. The loss for the second quarter and first six months of fiscal 2014, as shown in the table below, includes a charge of approximately $0.8 million related primarily to inventory reserves and sales allowances as a result of the Company’s decision to exit the business.

(in thousands)	For the three months ended August 2, 2014			For the six months ended August 2, 2014
Sales	$	(455	)	$	(347	)
Gross profit		(815	)		(824	)
Selling, general and administrative expenses		141			271
Depreciation and amortization		—			—
Provision (benefit) from income taxes		—			—
Loss from discontinued operations, net of taxes	$	(956	)	$	(1,095	)