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Income Taxes (Tables) | 12 Months Ended
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Dec. 30, 2017
Income Tax Disclosure [Abstract] |
Schedule of provision for income taxes | Our (benefit from) provision for income taxes consisted of the following:
| Fiscal Year Ended December 30, 2017 |  | Fiscal Year Ended December 31, 2016 |  | Fiscal Year Ended January 2, 2016
| (In thousands)
Federal income taxes: |  |  |  |  |
Current | $ | (659 | ) |  | $ | 232 |  |  | $ | — |
Deferred | (45,868 | ) |  | — |  |  | — |
State income taxes: |  |  |  |  |  |  |  |
Current | 1,054 |  |  | 962 |  |  | 235 |
Deferred | (7,985 | ) |  | — |  |  | — |
Foreign income taxes: |  |  |  |  |  |  |  |
Current | 49 |  |  | (70 | ) |  | (68 | )
Deferred | — |  |  | (3 | ) |  | (14 | )
(Benefit from) provision for income taxes | $ | (53,409 | ) |  | $ | 1,121 |  |  | $ | 153 |
Schedule of provision for income taxes is reconciled to the federal statutory | Our (benefit from) provision for income taxes is reconciled to the federal statutory amount as follows:
| Fiscal Year Ended December 30, 2017 |  | Fiscal Year Ended December 31, 2016 |  | Fiscal Year Ended January 2, 2016
| (In thousands)
Expense (benefit) from income taxes computed at the federal statutory tax rate | $ | 3,355 |  |  | $ | 6,022 |  |  | $ | (3,998 | )
Expense (benefit) from state income taxes, net of federal benefit | 253 |  |  | 595 |  |  | (474 | )
Valuation allowance change | (87,137 | ) |  | (6,319 | ) |  | 4,318 |
Nondeductible items | 664 |  |  | 403 |  |  | 288 |
Alternative minimum tax | — |  |  | 232 |  |  | — |
Tax Cuts and Jobs Act of 2017 | 29,387 |  |  | — |  |  | — |
Other | 69 |  |  | 188 |  |  | 19 |
(Benefit from) provision for income taxes | $ | (53,409 | ) |  | $ | 1,121 |  |  | $ | 153 |
Schedule of net deferred income tax assets (liabilities) | The components of our net deferred income tax assets are as follows:
| December 30, 2017 |  | December 31, 2016
| (In thousands)
Deferred income tax assets: |  |  |
Inventory reserves | $ | 1,654 |  |  | $ | 2,088 |
Compensation-related accruals | 3,692 |  |  | 4,465 |
Accruals and reserves | 72 |  |  | 112 |
Accounts receivable | 443 |  |  | 656 |
Intangible assets | — |  |  | 583 |
Property and equipment | 4,614 |  |  | 1,134 |
Pension | 7,011 |  |  | 10,747 |
Benefit from NOL carryovers (1) | 46,873 |  |  | 78,236 |
Other | 285 |  |  | 194 |
Total gross deferred income tax assets | 64,644 |  |  | 98,215 |
Less: valuation allowances | (10,415 | ) |  | (97,552 | )
Total net deferred income tax assets | 54,229 |  |  | 663 |
Deferred income tax liabilities: |  |  |
Other | (376 | ) |  | (663 | )
Total deferred income tax liabilities | (376 | ) |  | (663 | )
Deferred income tax asset, net | $ | 53,853 |  |  | $ | — |
(1) Our federal NOL carryovers are $158.2 million and will expire in 13 to 18 years. Our state NOL carryovers are $245.7 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 2017 and 2016 was as follows:
| Fiscal Year Ended December 30, 2017 |  | Fiscal Year Ended December 31, 2016
| (In thousands)
Balance as of beginning of the year | $ | 97,552 |  |  | $ | 103,311 |
Valuation allowance provided for taxes related to: |  |  |  |  |
(Income) loss before income taxes | (4,300 | ) |  | (5,759 | )
Tax Cuts and Jobs Act of 2017 | (29,387 | ) |  | — |
Release of valuation allowance | (53,450 | ) |  | — |
Balance as of end of the year | $ | 10,415 |  |  | $ | 97,552 |
Schedule of activity related to unrecognized tax benefits | The following table summarizes the activity related to our unrecognized tax benefits:
(In thousands) | 2017 |  | 2016 |  | 2015
Balance at beginning of fiscal year | $ | 184 |  |  | $ | 184 |  |  | $ | 184 |
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 | — |  |  | — |  |  | — |
Settlements | — |  |  | — |  |  | — |
Balance at end of fiscal year | $ | 184 |  |  | $ | 184 |  |  | $ | 184 |

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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=84230637&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=84230637&loc=d3e32537-109319 + Details
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