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Income Taxes (Tables)

12 Months Ended

Jan. 03, 2015

Income Tax Disclosure [Abstract]

Schedule of (benefit from) provision for income taxes

Our provision for (benefit from) income taxes consisted of the following:

	Fiscal Year Ended January 3, 2015				Fiscal Year Ended January 4, 2014				Fiscal Year Ended December 29, 2012
	(In thousands)
Federal income taxes:
Current	$	—			$	(492	)		$	16
Deferred	—				(7,385		)		—
State income taxes:
Current	160				192				334
Deferred	—				(1,343		)		—
Foreign income taxes:
Current	134				19				56
Deferred	18				(4		)		(20		)
Provision for (benefit from) income taxes	$	312			$	(9,013	)		$	386

Schedule of provision for (benefit from) income taxes is reconciled to the federal statutory

Our provision for (benefit from) income taxes is reconciled to the federal statutory amount as follows:

	Fiscal Year Ended January 3, 2015				Fiscal Year Ended January 4, 2014				Fiscal Year Ended December 29, 2012
	(In thousands)
Benefit from income taxes computed at the federal statutory tax rate	$	(4,746	)		$	(17,371	)		$	(7,924	)
Benefit from state income taxes, net of federal benefit	(623		)		(1,991		)		(866		)
Valuation allowance change	5,656				19,445				8,820
Nondeductible items	232				270				484
Benefit from allocation of income taxes to other comprehensive income (loss)	—				(8,726		)		—
Other	(207		)		(640		)		(128		)
Provision for (benefit from) income taxes	$	312			$	(9,013	)		$	386

Schedule of net deferred income tax assets (liabilities)

The components of our net deferred income tax assets (liabilities) are as follows:

	January 3, 2015				January 4, 2014
	(In thousands)
Deferred income tax assets:
Inventory reserves	$	3,333			$	2,832
Compensation-related accruals	5,434				4,893
Accruals and reserves	787				1,030
Accounts receivable	728				1,291
Restructuring costs	212				488
Property and equipment	16				—
Pension	13,214				8,245
Benefit from net operating loss (“NOL”) carryovers (1)	76,264				70,169
Other	685				703
Total gross deferred income tax assets	100,673				89,651
Less: Valuation allowances	(99,979		)		(88,279		)
Total net deferred income tax assets	$	694			$	1,372
Deferred income tax liabilities:
Property and equipment	—				(365		)
Other	(711		)		(1,006		)
Total deferred income tax liabilities	(711		)		(1,371		)
Deferred income tax assets (liabilities), net	$	(17	)		$	1

(1) Our federal NOL carryovers are $184.2 million and will expire in 14 to 20 years. Our state NOL carryovers are $238.5 million and will expire in 1 to 20 years.

Schedule of activity in deferred tax asset valuation allowance

Activity in our deferred tax asset valuation allowance for fiscal years 2014 and 2013 was as follows:

	Fiscal Year Ended January 3, 2015				Fiscal Year Ended January 4, 2014
	(In thousands)
Balance at beginning of the year	$	88,279			$	78,050
Valuation allowance provided for taxes related to:
Loss before income taxes	11,700				10,229
Balance at end of the year	$	99,979			$	88,279

Schedule of activity related to unrecognized tax benefits

The following table summarizes the activity related to our unrecognized tax benefits:

	(In thousands)
Balance at December 31, 2011	$	873
Increases related to current year tax positions	—
Additions for tax positions in prior years	—
Reductions for tax positions in prior years	—
Reductions due to lapse of applicable statue of limitations	(47		)
Settlements	—
Balance at December 29, 2012	826
Increases related to current year tax positions	—
Additions for tax positions in prior years	—
Reductions for tax positions in prior years	—
Reductions due to lapse of applicable statue of limitations	(567		)
Settlements	—
Balance at January 4, 2014	259
Increases related to current year tax positions	—
Additions for tax positions in prior years	—
Reductions for tax positions in prior years	—
Reductions due to lapse of applicable statute of limitations	(75		)
Settlements	—
Balance at January 3, 2015	$	184

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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.

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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.

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Tabular disclosure of the change in unrecognized tax benefits.

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