Annual report pursuant to Section 13 and 15(d)

Dispositions and Closures (Tables)

v2.4.1.9
Dispositions and Closures (Tables)
 12 Months Ended
Jan. 03, 2015
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures
The Company's results from discontinued operations are summarized below:
 
2014
 
2013
 
2012
Net sales
$
21,963,078

 
$
23,998,379

 
$
31,496,732

(Loss) income before income taxes
$
(10,963,524
)
 
$
(1,949,484
)
 
$
464,028

(Benefit from) provision for income taxes
(3,807,000
)
 
(812,000
)
 
212,000

Net (loss) income from discontinued operations
$
(7,156,524
)
 
$
(1,137,484
)
 
$
252,028

Assets and liabilities of discontinued operations were comprised of the following at December 28, 2013:
 
 
 
December 28,
2013
 
 
Assets
 
 
 
Cash
 
$
3,020

 
Accounts receivable, net
 
4,165,879

 
Inventories, net
 
4,360,891

 
Prepaid expenses
 
20,286

 
   Current assets held for sale
 
8,550,076

 
Property, plant and equipment, net
 
3,218,095

 
Goodwill
 
1,000,000

 
   Assets held for sale
 
4,218,095

 
      Total assets held for sale
 
$
12,768,171

 
 
 
 
 
Liabilities
 
 
 
Accounts payable
 
$
989,717

 
Advances from customers
 
209,212

 
Accrued expenses
 
119,947

 
      Current liabilities held for sale
 
$
1,318,876