DISCONTINUED OPERATIONS

6 Months Ended

Sep. 27, 2013

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS

15.  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 and six-month periods ended September 28, 2012 were as follows:

	Three-Month  Periods Ended			Six-Month  Periods Ended
	September 28,  2012			September 28,  2012
	(In thousands)
Net sales	$	15,767		$	32,013
Cost of sales	14,415			34,305
Gross profit (loss)	1,352			(2,292		)
Selling, general and administrative expenses	760			1,927
Intangibles amortization	9,969			11,000
Interest and other expense, net	520			3,948
Loss before income taxes	(9,897		)	(19,167		)
Provision for (benefit from) income taxes	9			(964		)
Net loss of discontinued operations	$	(9,906	)	$	(18,203	)

Interest and other, net include the loss on sale of the businesses amounting to $4.7 million.  The Company did not have any discontinued operations during the six-month period ended September 27, 2013.

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