XML 45 R33.htm IDEA: XBRL DOCUMENT
v3.22.4

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 30, 2022
Income Tax Disclosure [Abstract] |
Components of Income (Loss) Before Income Taxes from Continuing Operations | The components of income before income taxes from continuing operations are as follows (in thousands):
|  | Year Ended |
|  | December 30, |  |  | December 31, |  |  | January 1, |
|  | 2022 |  |  | 2021 |  |  | 2021 |
Domestic |  | $ | 48,020 |  |  | $ | 41,641 |  |  | $ | 10,046 |
Foreign |  |  | 7,084 |  |  |  | 4,740 |  |  |  | (1,530 | )
Income from continuing operations before income taxes |  | $ | 55,104 |  |  | $ | 46,381 |  |  | $ | 8,516 |
Components of Income Tax Expense from Continuing Operations | The components of income tax expense from continuing operations are as follows (in thousands):
|  | Year Ended |
|  | December 30, |  |  | December 31, |  |  | January 1, |
|  | 2022 |  |  | 2021 |  |  | 2021 |
Current tax expense |  |  |  |  |  |  |  |  |
Federal |  | $ | 9,782 |  |  | $ | 2,043 |  |  | $ | 3,125 |
State |  |  | 3,416 |  |  |  | 663 |  |  |  | 810 |
Foreign |  |  | 1,584 |  |  |  | 654 |  |  |  | 374 |
|  |  | 14,782 |  |  |  | 3,360 |  |  |  | 4,309 |
Deferred tax expense (benefit) |  |  |  |  |  |  |  |  |
Federal |  |  | 49 |  |  |  | 765 |  |  |  | (769 | )
State |  |  | (99 | ) |  |  | 303 |  |  |  | (81 | )
Foreign |  |  | (430 | ) |  |  | 401 |  |  |  | (588 | )
|  |  | (480 | ) |  |  | 1,469 |  |  |  | (1,438 | )
Income tax expense from continuing operations |  | $ | 14,302 |  |  | $ | 4,829 |  |  | $ | 2,871 |
Reconciliation of The Federal Statutory Tax Rate With The Effective Tax Rate From Continuing Operations | A reconciliation of the federal statutory tax rate with the effective tax rate from continuing operations is as follows:
|  | Year Ended
|  | December 30, |  | December 31, |  | January 1, |  |
|  | 2022 |  | 2021 |  | 2021 |  |
U.S. statutory income tax expense rate |  |  | 21.0 |  | % |  |  | 21.0 |  | % |  |  | 21.0 |  | %
State income taxes, net of federal income tax expense |  |  | 4.8 |  |  |  |  | 1.6 |  |  |  |  | 6.8 |  |
Valuation reduction |  |  | (0.3 | ) |  |  |  | 0.1 |  |  |  |  | (0.6 | ) |
Meals and entertainment |  |  | — |  |  |  |  | — |  |  |  |  | 0.6 |  |
Foreign rate differential |  |  | 0.1 |  |  |  |  | 0.3 |  |  |  |  | 0.9 |  |
Share based compensation |  |  | (1.0 | ) |  |  |  | (13.2 | ) |  |  |  | 2.4 |  |
Foreign exchange loss |  |  | (0.2 | ) |  |  |  | (0.1 | ) |  |  |  | 0.2 |  |
Other, net |  |  | 1.6 |  |  |  |  | 0.7 |  |  |  |  | 2.4 |  |
Effective tax rate |  |  | 26.0 |  | % |  |  | 10.4 |  | % |  |  | 33.7 |  | %
Components of The Net Deferred income Tax Asset (Liability) | The components of the net deferred income tax asset (liability) are as follows (in thousands):
|  | Year Ended |
|  | December 30, |  |  | December 31, |
|  | 2022 |  |  | 2021 |
Deferred income tax assets: |  |  |  |  |  |
Allowance for doubtful accounts |  | $ | 224 |  |  | $ | 681 |
Net operating loss and tax credits carryforward |  |  | 2,902 |  |  |  | 2,562 |
Accrued expenses and other liabilities |  |  | 5,804 |  |  |  | 5,014 |
|  |  | 8,930 |  |  |  | 8,257 |
Valuation allowance |  |  | (1,463 | ) |  |  | (1,602 | )
|  |  | 7,467 |  |  |  | 6,655 |
Deferred income tax liabilities: |  |  |  |  |  |
Depreciation |  |  | (3,847 | ) |  |  | (4,015 | )
Tax over book amortization on goodwill and intangibles |  |  | (10,316 | ) |  |  | (9,548 | )
Other items |  |  | (181 | ) |  |  | (417 | )
|  |  | (14,344 | ) |  |  | (13,980 | )
Net deferred income tax liability |  | $ | (6,877 | ) |  | $ | (7,325 | )
Detail And Activity of The ASC 740-10 Liability | The following table sets forth the detail and activity of the ASC 740 liability during the years ended December 30, 2022 and December 31, 2021 (in thousands):
|  | Year Ended |
|  | December 30, |  |  | December 31, |
|  | 2022 |  |  | 2021 |
Beginning balance |  | $ | 437 |  |  | $ | 425 |
Additions based on tax positions |  |  | 13 |  |  |  | 12 |
Ending balance |  | $ | 450 |  |  | $ | 437 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI https://asc.fasb.org/extlink&oid=126976462&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI https://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration