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Income Taxes Income Taxes (Tables) | 12 Months Ended
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Jan. 02, 2016
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 2, 2016 |  | January 3, 2015 |  | December 28, 2013
United States | $ | 50,473 |  |  | $ | 58,972 |  |  | $ | 174,470 |
Foreign | 48,307 |  |  | 22,480 |  |  | (10,792 | )
Income from operations before income taxes | $ | 98,780 |  |  | $ | 81,452 |  |  | $ | 163,678 |
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 2, 2016 |  | January 3, 2015 |  | December 28, 2013
Current: |  |  |  |  |
Federal | $ | (21,775 | ) |  | $ | 1,134 |  |  | $ | 8,109 |
State | 411 |  |  | (884 | ) |  | 7,213 |
Foreign | 29,871 |  |  | 24,770 |  |  | 482 |
Total current | 8,507 |  |  | 25,020 |  |  | 15,804 |
Deferred: |  |  |  |  |  |  |
Federal | 13,057 |  |  | 886 |  |  | 40,396 |
State | (1,521 | ) |  | 1,235 |  |  | 505 |
Foreign | (6,542 | ) |  | (14,000 | ) |  | (1,994 | )
Total deferred | 4,994 |  |  | (11,879 | ) |  | 38,907 |
| $ | 13,501 |  |  | $ | 13,141 |  |  | $ | 54,711 |
A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows (in thousands):
| January 2, 2016 |  | January 3, 2015
Balance at beginning of Year | $ | 8,130 |  |  | $ | 652 |
Change in tax positions related to current year | — |  |  | — |
Change in tax positions related to prior years | (1,953 | ) |  | 7,935 |
Expiration of the Statute of Limitations | (573 | ) |  | (457 | )
Balance at end of year | $ | 5,604 |  |  | $ | 8,130 |
Schedule of Effective Income Tax Rate Reconciliation | Income tax expense for the years ended January 2, 2016, January 3, 2015 and December 28, 2013, 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 2, 2016 |  | January 3, 2015 |  | December 28, 2013
Computed "expected" tax expense | $ | 34,573 |  |  | $ | 28,508 |  |  | $ | 57,287 |
State income taxes, net of federal benefit | (722 | ) |  | 228 |  |  | 5,017 |
Change in valuation allowance | 4,421 |  |  | 5,420 |  |  | 507 |
Non-deductible compensation expenses | 303 |  |  | 1,622 |  |  | 106 |
Deferred tax on unremitted foreign earnings | 4,848 |  |  | 1,956 |  |  | — |
Sub-Part F income | 4,923 |  |  | 3,786 |  |  | — |
Foreign rate differential | (5,653 | ) |  | (9,754 | ) |  | 694 |
Biofuel tax incentives | (28,143 | ) |  | (22,546 | ) |  | (9,342 | )
Non-deductible transaction costs | — |  |  | 4,107 |  |  | 996 |
Other, net | (1,049 | ) |  | (186 | ) |  | (554 | )
| $ | 13,501 |  |  | $ | 13,141 |  |  | $ | 54,711 |
Schedule of Deferred Tax Assets and Liabilities | In November 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-17, Balance Sheet Classification of Deferred Taxes. This ASU amends Topic 740, Income Taxes. requiring deferred tax assets and liabilities to be classified as non-current in the statement of financial position. The Company has early adopted ASU No. 2015-17 effective January 2, 2016 on a retrospective basis. As required by ASU No. 2015-17, all deferred tax assets and liabilities are classified as non-current in the Company's consolidated balance sheets. This is a change from the Company's historical presentation whereby certain of the Company's deferred tax assets and liabilities were classified as current and the remaining amount was classified as non-current. Upon adoption of ASU No. 2015-17, current deferred tax assets of approximately $45.0 million and current deferred tax liabilities of approximately $0.6 million in the Company's January 3, 2015 consolidated balance sheet were reclassified as non-current. The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at January 2, 2016 and January 3, 2015 are presented below (in thousands):
| January 2, 2016 |  | January 3, 2015
Deferred tax assets: |  |  |
Loss contingency reserves | $ | 11,961 |  |  | $ | 11,500 |
Employee benefits | 9,383 |  |  | 11,866 |
Pension liability | 17,714 |  |  | 20,106 |
Intangible assets amortization, including taxable goodwill | 2,947 |  |  | 3,300 |
Net operating losses | 99,534 |  |  | 75,920 |
Inventory | 7,934 |  |  | 7,965 |
Other | 16,621 |  |  | 11,130 |
Total gross deferred tax assets | 166,094 |  |  | 141,787 |
Less valuation allowance | (22,209 | ) |  | (18,037 | )
Net deferred tax assets | 143,885 |  |  | 123,750 |
Deferred tax liabilities: |  |  |
Intangible assets amortization, including taxable goodwill | (182,748 | ) |  | (189,877 | )
Property, plant and equipment depreciation | (209,925 | ) |  | (203,602 | )
Investment in DGD Joint Venture | (46,239 | ) |  | (41,040 | )
Tax on unremitted foreign earnings | (48,106 | ) |  | (47,870 | )
Other | (1,196 | ) |  | (3,368 | )
Total gross deferred tax liabilities | (488,214 | ) |  | (485,757 | )
Net deferred tax liability | $ | (344,329 | ) |  | $ | (362,007 | )
Amounts reported on Consolidated Balance Sheets: |  |  |
Non-current deferred tax asset | $ | 16,352 |  |  | $ | 17,266 |
Non-current deferred tax liability | (360,681 | ) |  | (379,273 | )
Net deferred tax liability | $ | (344,329 | ) |  | $ | (362,007 | )

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