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Income Taxes Income Taxes (Tables) | 12 Months Ended
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Jan. 03, 2015
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | U.S. and foreign income from operations before income taxes are as follows (in thousands):
| January 3, 2015 |  | December 28, 2013 |  | December 29, 2012
United States | $ | 58,972 |  |  | $ | 174,470 |  |  | $ | 206,785 |
Foreign | 22,480 |  |  | (10,792 | ) |  | — |
Income from operations before income taxes | $ | 81,452 |  |  | $ | 163,678 |  |  | $ | 206,785 |
Schedule of Components of Income Tax Expense (Benefit) | Income tax expense attributable to income from continuing operations before income taxes consists of the following (in thousands):
| January 3, 2015 |  | December 28, 2013 |  | December 29, 2012
Current: |  |  |  |  |
Federal | $ | 1,134 |  |  | $ | 8,109 |  |  | $ | 54,982 |
State | (884 | ) |  | 7,213 |  |  | 10,368 |
Foreign | 24,770 |  |  | 482 |  |  | 58 |
Total current | 25,020 |  |  | 15,804 |  |  | 65,408 |
Deferred: |  |  |  |  |  |  |
Federal | 886 |  |  | 40,396 |  |  | 10,015 |
State | 1,235 |  |  | 505 |  |  | 592 |
Foreign | (14,000 | ) |  | (1,994 | ) |  | — |
Total deferred | (11,879 | ) |  | 38,907 |  |  | 10,607 |
| $ | 13,141 |  |  | $ | 54,711 |  |  | $ | 76,015 |
A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows (in thousands):
| January 3, 2015 |  | December 28, 2013
Balance at beginning of Year | $ | 652 |  |  | $ | — |
Change in tax positions related to current year | — |  |  | 652 |
Change in tax positions related to prior years | 7,935 |  |  | — |
Expiration of the Statute of Limitations | (457 | ) |  | — |
Balance at end of year | $ | 8,130 |  |  | $ | 652 |
Schedule of Effective Income Tax Rate Reconciliation | Income tax expense for the years ended January 3, 2015, December 28, 2013 and December 29, 2012, differed from the amount computed by applying the statutory U.S. federal income tax rate to income from continuing operations before income taxes as a result of the following (in thousands):
| January 3, 2015 |  | December 28, 2013 |  | December 29, 2012
Computed "expected" tax expense | $ | 28,508 |  |  | $ | 57,287 |  |  | $ | 72,375 |
State income taxes, net of federal benefit | 228 |  |  | 5,017 |  |  | 7,124 |
Section 199 qualified domestic production deduction | — |  |  | (619 | ) |  | (4,830 | )
Change in valuation allowance | 5,420 |  |  | 507 |  |  | 254 |
Non-deductible compensation expenses | 1,622 |  |  | 106 |  |  | 253 |
Deferred tax on unremitted foreign earnings | 1,956 |  |  | — |  |  | — |
Sub-Part F income | 3,786 |  |  | — |  |  | — |
Foreign rate differential | (9,754 | ) |  | 694 |  |  | — |
Biofuel tax incentives | (22,546 | ) |  | (9,342 | ) |  | — |
Non-deductible transaction costs | 4,107 |  |  | 996 |  |  | — |
Other, net | (186 | ) |  | 65 |  |  | 839 |
| $ | 13,141 |  |  | $ | 54,711 |  |  | $ | 76,015 |
Schedule of Deferred Tax Assets and Liabilities | The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at January 3, 2015 and December 28, 2013 are presented below (in thousands):
| January 3, 2015 |  | December 28, 2013
Deferred tax assets: |  |  |
Loss contingency reserves | $ | 11,500 |  |  | $ | 10,756 |
Employee benefits | 11,866 |  |  | 9,749 |
Pension liability | 20,106 |  |  | 4,183 |
Intangible assets amortization, including taxable goodwill | 3,300 |  |  | 7,040 |
Net operating losses | 75,920 |  |  | 4,732 |
Inventory | 7,965 |  |  | 2,120 |
Other | 11,130 |  |  | 7,186 |
Total gross deferred tax assets | 141,787 |  |  | 45,766 |
Less valuation allowance | (18,037 | ) |  | (871 | )
Net deferred tax assets | 123,750 |  |  | 44,895 |
Deferred tax liabilities: |  |  |
Intangible assets amortization, including taxable goodwill | (189,877 | ) |  | (63,779 | )
Property, plant and equipment depreciation | (203,602 | ) |  | (67,535 | )
Investment in DGD Joint Venture | (41,040 | ) |  | (31,842 | )
Tax on unremitted foreign earnings | (47,870 | ) |  | — |
Other | (3,368 | ) |  | (3,209 | )
Total gross deferred tax liabilities | (485,757 | ) |  | (166,365 | )
Net deferred tax liability | $ | (362,007 | ) |  | $ | (121,470 | )
Amounts reported on Consolidated Balance Sheets: |  |  |
Current deferred tax asset | $ | 45,001 |  |  | $ | 17,289 |
Current deferred tax liability | (642 | ) |  | — |
Non-current deferred tax asset | 16,431 |  |  | — |
Non-current deferred tax liability | (422,797 | ) |  | (138,759 | )
Net deferred tax liability | $ | (362,007 | ) |  | $ | (121,470 | )

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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