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Note 14 - Income Taxes | 12 Months Ended
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Dec. 31, 2015
Notes to Financial Statements |
Income Tax Disclosure [Text Block] | 14. Income Taxes A summary of the income tax benefit is as follows:
|  | Year Ended |
|  | December 31, |  |  | December 28, |  |  | December 29, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
|  | (In thousands) |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 247 |  |  | $ | — |  |  | $ | — |
State |  |  | — |  |  |  | — |  |  |  | — |
|  |  | 247 |  |  |  | — |  |  |  | — |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (8,939 | ) |  | $ | — |  |  | $ | — |
State |  |  | (1,277 | ) |  |  | — |  |  |  | — |
|  |  | (10,216 | ) |  |  | — |  |  |  | — |
Income tax benefit |  | $ | (9,969 | ) |  | $ | — |  |  | $ | — |
Reconciliation of the statutory federal income tax rate to the Company’s actual rate based on income (loss) before income tax benefit is summarized as follows:
|  | Year Ended |
|  | December 31, |  |  | December 28, |  |  | December 29, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
Statutory federal tax rate |  |  | 35.0 | % |  |  | 35.0 | % |  |  | 35.0 | %
State income taxes, net of federal income taxes |  |  | 6.9 |  |  |  | — |  |  |  | — |
Change in valuation allowance |  |  | (131.1 | ) |  |  | (34.9 | ) |  |  | (35.3 | )
Permanent tax differences – Merger expenses |  |  | 11.4 |  |  |  | (0.1 | ) |  |  | 0.3 |
Permanent tax differences – Investment in unconsolidated investee |  |  | 9.8 |  |  |  | — |  |  |  | — |
Permanent tax differences – Other |  |  | 1.4 |  |  |  | — |  |  |  | — |
Other, net |  |  | (1.8 | ) |  |  | — |  |  |  | — |
|  |  | (68.4 | ) % |  |  | — | % |  |  | — | %
The Company’s current and non-current deferred tax assets and (liabilities) are as follows:
|  | December 31, |  |  | December 28, |
|  | 2015 |  |  | 2014 |
|  | (In thousands) |
Current: |  |  |  |  |  |  |  |
Accruals and reserves |  | $ | 1,326 |  |  | $ | 674 |
Transaction costs |  |  | 81 |  |  |  | 193 |
Prepaid services |  |  | (897 | ) |  |  | — |
Net operating loss carryforwards |  |  | 9,917 |  |  |  | — |
Valuation allowances |  |  | (10,427 | ) |  |  | (867 | )
|  | $ | — |  |  | $ | — |
Non-current: |  |  |  |  |  |  |  |
Development costs |  | $ | 2,885 |  |  | $ | 3,173 |
Share-based compensation expense |  |  | 1,550 |  |  |  | 1,269 |
Amortization of intangible assets |  |  | (19,834 | ) |  |  | 48 |
Alternative minimum tax credit carryforward |  |  | 1,420 |  |  |  | 919 |
Net operating loss carryforwards |  |  | 21,696 |  |  |  | 40,684 |
Investment in unconsolidated investee |  |  | — |  |  |  | (1,530 | )
Other |  |  | 2,978 |  |  |  | (730 | )
Valuation allowances |  |  | (15,166 | ) |  |  | (43,833 | )
|  | $ | (4,471 | ) |  | $ | — |
59 Deferred tax assets are evaluated by considering historical levels of income, estimates of future taxable income and the impact of tax planning strategies. Management has evaluated all available evidence and has determined that negative evidence continues to outweigh positive evidence for the realization of deferred tax assets and as a result continues to provide a full valuation allowance against its deferred tax assets as of December 31, 2015. As of December 31, 2015, the Company had approximately $74.8 million of federal net operating loss carryforwards, which will begin to expire in 2032, and approximately $99.3 million of state net operating loss carryforwards, which will expire at various times depending on specific state laws. The Company is currently under IRS audit for the 2009 through 2013 tax years and the IRS has proposed certain adjustments to the tax filings for those years. However, the Company believes it is more likely than not that it will prevail in challenging the proposed adjustments and maintains that the positions taken were proper and supported by applicable laws and regulations. The Company does not believe, when resolved, that this dispute will have a material effect on its consolidated financial statements. However, an unexpected adverse resolution could have a material effect on the consolidated financial statements in a particular quarter or fiscal year. During the second quarter of 2015, the Company was notified by the state of California that its audit of the Company for the 2010 tax year had been completed and resulted in no adjustments.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + 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)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 4: 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 Reference 5: 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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