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Subsequent Event Subsequent Event (Notes)
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12 Months Ended |
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Dec. 27, 2014
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22. SUBSEQUENT EVENTS
Subsequent to year end, the Company's Korean facility qualified as being held for sale. Sun Korea and Seungwon consolidated their operations into one leased facility. The new facility provides increased space for growth and production efficiencies. The carrying amount of the assets held for sale were $335 at December 27, 2014. The Company has received a letter of intent from a prospective buyer, and anticipates that a sale will be completed within the first half of 2015. The Company expects to recognize a gain on this sale in the period in which it is completed.
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- Details
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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