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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Jan. 02, 2016
Current assets:    
Cash $ 5,540 $ 4,808
Receivables, less allowances of $2,733 and $3,167, respectively 125,857 138,545
Inventories, net 191,287 226,660
Other current assets 23,126 32,011
Total current assets 345,810 402,024
Property and equipment:    
Land and improvements 34,609 40,108
Buildings 80,131 89,006
Machinery and equipment 72,122 79,173
Construction in progress 3,104 255
Property and equipment, at cost 189,966 208,542
Accumulated depreciation (101,644) (106,966)
Property and equipment, net 88,322 101,576
Other non-current assets 10,005 9,542
Total assets 444,137 513,142
Current liabilities:    
Accounts payable 82,735 88,087
Bank overdrafts 21,696 17,287
Accrued compensation 8,349 4,165
Current maturities of long-term debt, net of discount of $201 and $37, respectively 29,469 6,611
Other current liabilities 12,092 14,023
Total current liabilities 154,341 130,173
Non-current liabilities:    
Long-term debt, net of discount of $2,544 and $2,557, respectively 270,792 377,773
Pension benefit obligation 34,349 36,791
Other non-current liabilities 14,496 14,301
Total liabilities 473,978 559,038
STOCKHOLDERS’ DEFICIT    
Common Stock, $0.01 par value, Authorized - 20,000,000 shares, Issued and Outstanding - 9,031,263 and 8,943,846, respectively 90 89
Additional paid-in capital 257,972 255,905
Accumulated other comprehensive loss (36,651) (34,774)
Accumulated deficit (251,252) (267,116)
Total stockholders’ deficit (29,841) (45,896)
Total liabilities and stockholders’ equity (deficit) $ 444,137 $ 513,142