Final yearend results included an additional gain in discontinued operations related to the evaluation of yearend deferred tax balances of approximately $1.9 million resulting from the sale of the Company's fresh-cut business, compared with the company's preliminary results announced on Feb. 7, PFG reported.
While the increase in the reported gain in discontinued operations increased the distributorships's net income, there was no effect on income from continuing operations or diluted earnings per share from continuing operations.
Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.