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Note 16 - Contingencies
9 Months Ended
Oct. 03, 2015
Notes to Financial Statements  
Contingencies Disclosure [Text Block]
16.
Contingencies
 
From time to time, the Company is a defendant or plaintiff in various legal actions that arise in the normal course of business.  As such, the Company is required to assess the likelihood of any adverse outcomes to these matters as well as potential ranges of losses and possible recoveries.  The Company may not be covered by insurance as it pertains to some or all of these matters. A determination of the amount of the provision required for these commitments and contingencies, if any, which would be charged to earnings, is made after careful analysis of each matter.  Once established, a provision may change in the future due to new developments or changes in circumstances, and could increase or decrease the Company’s earnings in the period that the changes are made.  Asserted claims in these matters sought approximately $1.9 million and $7.6 million in damages as of October 3, 2015 and January 3, 2015, respectively
. The primary reason for the reduction is that one matter in which claims of $6.5 million were asserted as of January 3, 2015 was settled without any contribution from the Company. As of October 3, 2015, the Company did not accrue for any such liabilities.
 
Please refer to footnote 4 that discloses the nature of the disputed purchase orders with B&M.
 
The Company is also subject to other pending legal proceedings and claims that arise from time to time in the ordinary course of its business, which may not be covered by insurance.