DISCONTINUED OPERATIONS

3 Months Ended

Jun. 28, 2013

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS

14.  DISCONTINUED OPERATIONS

During fiscal year 2013, the Company finalized the sale of two non-core businesses.  In accordance with the accounting guidance, these non-core businesses qualified as discontinued operations, and accordingly, the Company reported the results of operations of these businesses in discontinued operations within the condensed consolidated statements of operations for all periods presented as applicable.

The results from discontinued operations for the three-month period ended June 29, 2012 were as follows (amounts in thousands):

	Amount
Net sales	$	16,246
Cost of sales	19,890
Gross loss	(3,644		)
Selling, general and administrative expenses	1,169
Intangibles amortization	1,031
Interest and other expense, net	3,426
Loss before income taxes	(9,270		)
Benefit from income taxes	(973		)
Net loss of discontinued operations	$	(8,297	)

Interest and other expense, net include the loss on sale of the businesses amounting to $4.7 million.  The Company did not have any divestitures during the three-month period ended June 28, 2013.

All assets relating to the discontinued operations were sold as of March 31, 2013.