Discontinued Operations

12 Months Ended

Dec. 29, 2012

Discontinued Operations [Abstract]

Discontinued Operations

4. Discontinued Operations

On September 21, 2011, we announced our plan to exit the international portion of our ScanTech business due to continued operating losses and to focus on growing our North American business. ScanTech was headquartered outside Stockholm, Sweden and distributed a line of Volvo and Saab replacement parts throughout the world.

The following table summarizes ScanTech’s net sales and income (loss) before taxes which have been presented as a discontinued operation in the Consolidated Statement of Operations:

(in thousands)	December 29, 2012		December 31, 2011			December 25, 2010
Net sales	$	2,907	$	15,855		$	17,511
Income (loss) before taxes		3,203		(3,027	)		(1,995	)

During fiscal 2012, we reclassified approximately $3.0 million of previously recorded currency translation adjustments from accumulated other comprehensive income to net income as a result of our substantial liquidation of our investment and recorded a deferred tax asset of $1.4 million related to foreign tax credits we expect to utilize in the future. In fiscal 2011, we recorded charges of $2.2 million to write-down inventory and tooling and $0.4 million for other asset write-downs and employee related costs.