Note 6 – Other Income and Expense

Other Operating Income – Net

 

		Three Months Ended
(In thousands)		May 27, 2016				May 29, 2015
State tax credits		$	(1,050	)		$	—
(Gain) loss on asset disposal			(3	)			9
Gain on sale of Strawberry Shortcake			—				(61,666	)
Miscellaneous			(837	)			(763	)
Other operating income – net		$	(1,890	)		$	(62,420	)

During the three months ended May 27, 2016, the Corporation recognized income of $1.1 million related to non-income based tax credits received from the State of Ohio for certain incentive programs made available to the Corporation in connection with the relocation of its world headquarters within Ohio.

In March 2015, the Corporation recognized a gain of $61.7 million in connection with the sale of Strawberry Shortcake. See Note 4 for further information.

Other Non-Operating Expense (Income) – Net

 

		Three Months Ended
(In thousands)		May 27, 2016				May 29, 2015
Foreign exchange loss (gain)		$	160			$	(784	)
Rental income			(148	)			(152	)
Miscellaneous			—				(2	)
Other non-operating expense (income) – net		$	12			$	(938	)