XML 41 R32.htm IDEA: XBRL DOCUMENT v2.4.1.9

Income Taxes (Tables)

12 Months Ended

Dec. 27, 2014

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The (benefit) provision for income taxes from continuing operations consists of the following for the fiscal years indicated:

	Fiscal Year
	2014				2013				2012
Current
Federal	$	—			$	(13,124,000	)		$	—
State	50,000				12,000				64,000
Foreign	—				(34,000		)		—
Total current provision (benefit)	50,000				(13,146,000		)		64,000
Deferred
Federal	(9,554,000		)		(3,616,000		)		(2,878,000		)
State	(1,709,000		)		644,000				(505,000		)
Foreign	411,000				(565,000		)		73,000
Change in valuation allowance	10,622,000				3,750,000				4,345,000
Total deferred (benefit) provision	(230,000		)		213,000				1,035,000
Total (benefit) provision for income taxes	$	(180,000	)		$	(12,933,000	)		$	1,099,000

Schedule of Effective Income Tax Rate Reconciliation

The actual income tax (benefit) provision reported from operations are different than those which would have been computed by applying the federal statutory tax rate to loss before income tax (benefit) provision. A reconciliation of income tax (benefit) provision from continuing operations as computed at the U.S. federal statutory income tax rate to the provision for income tax benefit is as follows:

	Fiscal Year
	2014				2013				2012
Tax provision at federal statutory rates	$	(9,964,000	)		$	(13,322,000	)		$	(7,002,000	)
State tax liability	33,000				8,000				42,000
Foreign deferred	371,000				(644,000		)		734,000
Foreign withholding	(196,000		)		308,000				1,170,000
Outside basis in KTC and Kowon, net	(394,000		)		(202,000		)		2,422,000
Goodwill	—				—				417,000
Nondeductible expenses	(21,000		)		306,000				(18,000		)
Increase in net state operating loss carryforwards	(177,000		)		(2,868,000		)		—
Utilization of net operating losses for U.K. research and development refund	1,089,000				—				—
Provision to tax return adjustments and state tax rate change	(516,000		)		(33,000		)		(462,000		)
Tax credits	(610,000		)		(390,000		)		(100,000		)
Non-deductible 162M compensation limitations	196,000				558,000				198,000
Non-deductible equity compensation	(687,000		)		(418,000		)		136,000
Other, net	74,000				14,000				(783,000		)
Change in valuation allowance	10,622,000				3,750,000				4,345,000
	$	(180,000	)		$	(12,933,000	)		$	1,099,000

Schedule of Deferred Tax Assets and Liabilities

Deferred income taxes are provided to recognize the effect of temporary differences between tax and financial reporting. Deferred income tax assets and liabilities consist of the following:

	Fiscal Year
	2014				2013
Deferred tax liability:
Intangible asset	$	—			$	(141,000	)
Foreign withholding liability	(1,282,000		)		(1,478,000		)
Foreign unremitted earnings	(2,882,000		)		(3,276,000		)
Deferred tax assets:
Federal net operating loss carryforwards	22,758,000				15,322,000
State net operating loss carryforwards	1,689,000				624,000
Foreign net operating loss carryforwards	2,612,000				3,202,000
Equity awards	2,508,000				1,666,000
Tax credits	6,267,000				5,657,000
Equipment	1,024,000				838,000
Investments	5,279,000				4,594,000
Other	3,253,000				3,365,000
Net deferred tax assets	41,226,000				30,373,000
Valuation allowance	(42,508,000		)		(31,886,000		)
	$	(1,282,000	)		$	(1,513,000	)

X

- 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://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

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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://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

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration