Assets Held for Sale

9 Months Ended

Jun. 25, 2011

Assets Held for Sale

Assets Held for Sale

8. Assets Held for Sale

The Company is pursuing a sale of the Van Houtte U.S. Coffee Service business ("Filterfresh"). Management expects to complete the sale within a year of the acquisition date of December 17, 2010. As a result, as of June 25, 2011, all the assets and liabilities relating to the Filterfresh business have been reported in the Consolidated Balance Sheets as assets and liabilities held-for-sale. In conjunction with the acquisition of Van Houtte, the net assets of Filterfresh were recorded at fair value less estimated costs to sell. See Note 4, Acquisitions, for further information.

The following is a summary of the major classes of assets and liabilities of Filterfresh included as assets and liabilities held-for-sale as of June 25, 2011 (in thousands):

Cash	$	8,248
Accounts receivable, net of allowance for uncollectible accounts of $0.3 million		12,231
Inventories		6,871
Other current assets		953
Total current assets	$	28,303
Fixed Assets	$	36,277
Intangibles		19,550
Goodwill		62,838
Other long-term assets		517
Total long-term assets	$	119,182
Current portion of long-term debt	$	629
Accounts payable		3,005
Accrued compensation		2,410
Accrued expenses		2,540
Income taxes payable		15
Deferred income taxes, net		10,894
Total current liabilities	$	19,493
Long-term debt	$	270
Other long-term liabilities		769
Total long-term liabilities	$	1,039