Discontinued Operations (Tables)

12 Months Ended

Dec. 28, 2024

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

The Company has either sold or discontinued certain operations that are accounted for as "Discontinued Operations" under applicable accounting guidance. Discontinued operations are summarized as follows:


	2024		2023
Workers' compensation costs from former textile operations	$	(94)	$	(87)
Environmental remediation costs from former textile operations	—		(49)
Commercial business operations	(696)		(718)

Loss from discontinued operations, before taxes	$	(790)	$	(854)
Income tax benefit	—		(88)
Loss from discontinued operations, net of tax	$	(790)	$	(766)

Schedule of Discontinued Operations, Balance Sheet

The Company reclassified the following assets and liabilities for discontinued operations in the accompanying Consolidated Balance Sheets:


	2024		2023
Current Assets of Discontinued Operations:
Receivables, net	$	—	$	158
Inventories, net	—		107

Current Assets Held for Discontinued Operations	$	—	$	265

Long Term Assets of Discontinued Operations:
Property, plant and equipment, net	$	—	$	176

Other assets	1,064		1,138
Long Term Assets Held for Discontinued Operations	$	1,064	$	1,314

Current Liabilities of Discontinued Operations:
Accounts payable	$	121	$	128
Accrued expenses	1,035		1,009

Current Liabilities Held for Discontinued Operations	$	1,156	$	1,137

Long Term Liabilities of Discontinued Operations:
Other long term liabilities	$	3,398	$	3,536
Long Term Liabilities Held for Discontinued Operations	$	3,398	$	3,536

Schedule of Discontinued Operations, Income Statement

For the twelve months ended December 28, 2024 and December 30, 2023, the Company reclassified the following operations of the Commercial business included in discontinued operations in the accompanying Consolidated Statements of Operations:


	2024		2023
Net sales	$	—	$	199
Cost of sales	554		624
Gross profit (loss)	(554)		(425)

Selling and administrative expenses	(34)		178
Other operating expense, net	176		115
Loss from discontinued Commercial business before taxes	$	(696)	$	(718)

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

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+ Details

DIXIE GROUP INC 10-K