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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Jan. 03, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Summary of changes in fair value of the Company's Level 3 liabilities measured on a recurring basis | The following table presents a summary of changes in fair value of the Company's Level 3 liabilities measured on a recurring basis for 2014 and 2013:
|  | Level 3 Inputs
Balance at December 29, 2012 |  | $ | 8,208,831 |
Interest expense charged during the year |  | 153,200 |
Payment to Palmer sellers |  | (2,500,000 | )
Balance at December 28, 2013 |  | 5,862,031 |
Present value of contingent consideration liability associated with the Specialty acquisition |  | 4,773,620 |
Interest expense charged during the year |  | 96,933 |
Change in fair value of contingent consideration liability associated with the Palmer acquisition |  | (3,476,197 | )
Balance at January 3, 2015 |  | $ | 7,256,387 |

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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258 + Details
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