v3.2.0.727

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 26, 2015

Jun. 27, 2014

Jun. 26, 2015

Jun. 27, 2014

Income Statement [Abstract]

Net sales

^[1]

$ 447,708

$ 425,542

$ 859,455

$ 818,011

Cost of sales

296,434

279,972

566,122

536,651

Gross profit

151,274

145,570

293,333

281,360

Operating Expenses:

Selling, general and administrative expenses

118,363

114,240

234,238

228,215

Depreciation and amortization

13,083

12,594

26,193

25,198

Merger related expenses

656

102

Total operating expenses

132,102

126,834

261,087

253,515

Operating income

19,172

18,736

32,246

27,845

Impairment of other intangible assets

(67,500)

Loss on extinguishment of debt, net

(19)

(4,172)

Interest expense

(12,766)

(14,506)

(25,633)

(30,190)

Interest and other income

142

205

330

397

Income (loss) before income taxes

6,548

(63,084)

288

(73,620)

Income tax expense (benefit)

2,639

(24,507)

135

(28,949)

Net income (loss)

$ 3,909

$ (38,577)

$ 153

$ (44,671)

[1]	The Company continually refines its product classification groupings and, as a result, stock keeping units are periodically realigned within product categories. Therefore, the prior periods in these tables have been recast to be consistent with current presentation.

- Definition

This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 25

-Paragraph 23

-URI http://asc.fasb.org/extlink&oid=34752592&loc=d3e1043-128460

INTERLINE BRANDS, INC./DE 10-Q