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Provision for Taxes | 12 Months Ended
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Dec. 27, 2014
Income Tax Disclosure [Abstract] |
Income Tax Disclosure [Text Block] | Note 13 — Provision for Taxes Income before taxes and the provision for taxes consisted of the following:
In Thousands |  | 2014 |  | 2013 |  | 2012 |
Income (loss) before taxes: |  |  |  |  |  |  |  |  |  |
United States of America (USA) |  | $ | 5,001 |  | $ | 19,803 |  | $ | 11,104 |
Non USA |  |  | 7,155 |  |  | (3,115) |  |  | (11,642) |
|  | $ | 12,156 |  | $ | 16,688 |  | $ | (538) |
Provision for taxes: |  |  |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 3 |  | $ | 5,060 |  | $ | 3,671 |
State |  |  | 306 |  |  | 560 |  |  | 303 |
International |  |  | 566 |  |  | (26) |  |  | 83 |
|  |  | 875 |  |  | 5,594 |  |  | 4,057 |
Deferred |  |  |  |  |  |  |  |  |  |
Federal |  |  | (667) |  |  | 299 |  |  | 397 |
State |  |  | 131 |  |  | 616 |  |  | 15 |
International |  |  | — |  |  | 374 |  |  | (77) |
|  |  | (536) |  |  | 1,289 |  |  | 335 |
|  | $ | 339 |  | $ | 6,883 |  | $ | 4,392 |
Continuing Operations |  | $ | 6,438 |  | $ | 6,119 |  | $ | 3,848 |
Discontinued Operations |  |  | (6,099) |  |  | 764 |  |  | 544 |
|  | $ | 339 |  | $ | 6,883 |  | $ | 4,392 |
The provision for income taxes was computed based on financial statement income. A reconciliation of the provision for income taxes to the amount computed using the statutory rate follows:
In Thousands |  | 2014 |  | 2013 |  | 2012 |
Income tax at statutory rate |  | $ | 4,255 |  | $ | 5,840 |  | $ | (188) |
Increase (decrease) in income tax resulting from |  |  |  |  |  |  |  |  |  |
State tax expense, net of federal effect |  |  | 291 |  |  | 764 |  |  | 509 |
Federal true-ups |  |  | 55 |  |  | (18) |  |  | (113) |
Federal tax credits |  |  | (568) |  |  | (256) |  |  | (247) |
Effect of foreign tax rates |  |  | (1,107) |  |  | (362) |  |  | (94) |
Valuation allowances (state and foreign) |  |  | (1,406) |  |  | 1,400 |  |  | 39 |
Goodwill impairment (worldwide) |  |  | — |  |  | — |  |  | 4,684 |
Captive insurance earnings |  |  | (398) |  |  | (390) |  |  | (379) |
Incentive stock options |  |  | 155 |  |  | 130 |  |  | 152 |
Foreign exchange gain on sale of Information Security |  |  | (898) |  |  | — |  |  | — |
Other |  |  | (40) |  |  | (225) |  |  | 29 |
Recorded provision for income taxes |  | $ | 339 |  | $ | 6,883 |  | $ | 4,392 |
The provision for income taxes was computed based on financial statement income. In accordance with FASB ASC 740, the Company does not have any uncertain tax positions as of and for the years ended December 27. 2014 and December 28, 2013.
In Thousands |  | 2014 |  | 2013 |
Balance, beginning of year |  | $ | — |  | $ | — |
Additions for current year tax positions |  |  | — |  |  | — |
Additions for prior year tax positions |  |  | — |  |  | — |
Settlements |  |  | — |  |  | — |
Reductions settlements |  |  | — |  |  | — |
Reductions for prior year tax positions |  |  | — |  |  | — |
Balance, end of year |  | $ | — |  | $ | — |
Interest costs and penalties related to income taxes are classified as interest expense and selling, general and administrative costs, respectively in the Company’s financial statements. The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction, and multiple state and foreign jurisdictions. The Company is subject to future examinations by federal, state and other tax authorities for all years after 2010. The components of the net deferred tax liabilities are as follows:
In Thousands |  | 2014 |  | 2013 |
Assets |  |  |  |  |  |  |
Employee benefits |  | $ | 120 |  | $ | 308 |
Valuation reserves |  |  | 1,412 |  |  | 2,427 |
Property and equipment |  |  | 566 |  |  | 57 |
Stock based compensation |  |  | 191 |  |  | 195 |
Federal and state credits |  |  | 878 |  |  | 165 |
Net operating loss carry forward |  |  | 1,038 |  |  | 8,632 |
Total assets |  |  | 4,205 |  |  | 11,784 |
Liabilities |  |  |  |  |  |  |
Unrealized equity investment income |  |  | (3,079) |  |  | (3,157) |
Goodwill and intangible assets |  |  | (2,660) |  |  | (2,708) |
Prepaid insurance |  |  | (102) |  |  | (175) |
Total liabilities |  |  | (5,841) |  |  | (6,040) |
Valuation Allowance |  |  |  |  |  |  |
Beginning balance |  |  | (8,949) |  |  | (7,264) |
Decrease (increase) during period |  |  | 8,514 |  |  | (1,685) |
Ending balance |  |  | (435) |  |  | (8,949) |
|  | $ | (2,071) |  | $ | (3,205) |
Deferred tax assets (liabilities) are included in the consolidated balance sheets as follows:
In Thousands |  | 2014 |  | 2013 |
Deferred income tax asset - current |  | $ | 925 |  | $ | 2,283 |
Deferred income tax asset (liability) – long-term |  |  | (2,996) |  |  | (5,488) |
|  | $ | (2,071) |  | $ | (3,205) |
The Company has federal and state unused net operating losses of approximately $2.4 million and $3.7 million, respectively. All operating loss carry-forwards expire in various amounts through 2035.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 4: 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 Reference 5: 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 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 + Details
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