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Mary Jones Inc. reported $179 million of Income from Operations for its year ended December 31, 2011. This income included a gain on sale of the Mary Jones family of brand names to A.R. Samuels, for total proceeds of $285 million. At the time of disposal, the brand names had a book value of zero because they had been developed internally by Mary Jones. Soon after the disposal, in January 2012, the company changed its name to Evergreen & Florence Companies to reflect the sale of its Mary Jones brand names. For its year ended December 28, 2013, Evergreen & Florence reported Income from Operations of $90.9 million, after deducting the following asset impairment losses:
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