XML 28 R13.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Income Taxes | 12 Months Ended
--- | ---
Dec. 30, 2023
Income Taxes |
Income Taxes | Note 7 – Income Taxes The components of loss before income taxes consist of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fiscal Year Ended
​ |  | December 30, 2023 |  | December 31, 2022 |  | January 1, 2022
Domestic operations | ​ | $ | (8,888) | ​ | $ | (965) | ​ | $ | (10,460)
Foreign operations | ​ |  | 810 | ​ |  | 646 | ​ |  | 472
Total loss before income taxes | ​ | $ | (8,078) | ​ | $ | (319) | ​ | $ | (9,988)
​ The income tax provision consists of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fiscal Year Ended
​ |  | December 30, 2023 |  | December 31, 2022 |  | January 1, 2022
Current: |  | ​ |  |  | ​ | ​ | ​ | ​ |
State tax | ​ | $ | (87) | ​ | $ | 395 | ​ | $ | 68
Foreign tax | ​ |  | 232 | ​ | ​ | 237 | ​ |  | 283
Total current taxes | ​ |  | 145 | ​ |  | 632 | ​ |  | 351
Deferred: | ​ |  |  | ​ | ​ | ​ | ​ |  |
Federal tax | ​ |  | (737) | ​ | ​ | 307 | ​ |  | (6,628)
State tax | ​ |  | (128) | ​ | ​ | (195) | ​ |  | (407)
Total deferred taxes | ​ |  | (865) | ​ |  | 112 | ​ |  | (7,035)
Valuation allowance | ​ |  | 865 | ​ |  | (112) | ​ |  | 7,035
Income tax provision | ​ | $ | 145 | ​ | $ | 632 | ​ | $ | 351
​ Income tax provision differs from the amount that would result from applying the federal statutory rate as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fiscal Year Ended
​ | ​ | December 30, 2023 |  | December 31, 2022 |  | January 1, 2022
Income tax at U.S. federal statutory rate | ​ | $ | (1,643) | ​ | $ | (67) | ​ | $ | (2,098)
Share-based compensation | ​ |  | 817 | ​ | ​ | 397 | ​ |  | (4,602)
State income tax, net of federal tax effect | ​ |  | (170) | ​ | ​ | 158 | ​ |  | (269)
Foreign tax | ​ |  | 173 | ​ | ​ | 194 | ​ |  | 243
Other | ​ |  | 103 | ​ | ​ | 62 | ​ |  | 42
Change in valuation allowance | ​ |  | 865 | ​ | ​ | (112) | ​ |  | 7,035
Effective tax provision | ​ | $ | 145 | ​ | $ | 632 | ​ | $ | 351
​ For fiscal years 2023, 2022 and 2021, the effective tax rate for the Company was (1.8)%, (198.0)% and (3.5)%, respectively. The Company’s effective tax rate for fiscal years 2023, 2022 and 2021 differs from the U.S. federal rate primarily as a result of non-deductible share-based compensation, the write-off of expired state net operating loss carryforwards, and the change in the valuation allowance maintained against the Company’s deferred tax assets. Deferred tax assets and deferred tax liabilities consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 30, 2023 |  | December 31, 2022
Deferred tax assets: |  | ​ |  |  | ​ |
Inventory and inventory related allowance | ​ | $ | 1,605 | ​ | $ | 2,440
Lease liabilities | ​ | ​ | 8,609 | ​ | ​ | 11,226
Share-based compensation | ​ |  | 4,024 | ​ |  | 4,337
Book over tax depreciation | ​ | ​ | 1,043 | ​ | ​ | —
Intangibles | ​ |  | 90 | ​ |  | 137
Sales and bad debt allowances | ​ |  | 1,130 | ​ |  | 1,099
Accrued compensation | ​ |  | 127 | ​ |  | 444
Net operating loss | ​ |  | 29,632 | ​ |  | 28,728
Other | ​ |  | 47 | ​ |  | 151
Total deferred tax assets | ​ |  | 46,307 | ​ |  | 48,562
Valuation allowance | ​ |  | (38,458) | ​ |  | (37,565)
Net deferred tax assets | ​ |  | 7,849 | ​ |  | 10,997
Deferred tax liabilities: | ​ |  |  | ​ |  |
Right-of-use assets | ​ | ​ | 7,847 | ​ | ​ | 10,506
Tax over book depreciation | ​ |  | — | ​ |  | 489
Other | ​ |  | 2 | ​ |  | 2
Total deferred tax liabilities | ​ |  | 7,849 | ​ |  | 10,997
Net deferred tax assets | ​ | $ | — | ​ | $ | —
​ As of December 30, 2023, federal and state net operating loss (“NOL”) carryforwards were $105,224 and $84,780, respectively. Federal NOL carryforwards of $891 were acquired in the acquisition of WAG which are subject to Internal Revenue Code section 382 and limited to an annual usage limitation of $135. Federal NOL carryforwards begin to expire in 2029, while state NOL carryforwards also begin to expire in 2029. The state NOL carryforwards expire in the respective tax years as follows: ​
​ | ​ | ​ | ​
2029 |  | $ | 1,814
2030 | ​ |  | 9,555
2031 | ​ |  | 14,611
2032 | ​ |  | 24,202
2033 | ​ |  | 24,832
Thereafter | ​ |  | 9,766
​ | ​ | $ | 84,780
​ Under the provisions of ASC 740, management is required to evaluate whether a valuation allowance should be established against its deferred tax assets based on the consideration of all available evidence using a “more likely than not” standard. Realization of deferred tax assets is dependent upon taxable income in prior carryback years, estimates of future taxable income, tax planning strategies, and reversal of existing taxable temporary differences. ASC 740 provides that forming a conclusion that a valuation allowance is not needed is difficult when there is negative evidence such as cumulative losses in recent years or losses expected in early future years. As of December 30, 2023, mainly due to cumulative losses in recent years, the Company maintained a valuation allowance in the amount of $38,458 against deferred tax assets that were not more likely than not of being realized. We are subject to U.S. federal income tax as well as income tax of foreign and state tax jurisdictions. The tax years 2019-2023 remain open to examination by the major taxing jurisdictions to which the Company is subject, except the Internal Revenue Service for which the tax years 2020-2023 remain open. The Company does not anticipate a significant change to the amount of unrecognized tax benefits within the next twelve months. Included in accrued expenses are income taxes receivable of ($267) and ($67) as of December 30, 2023 and December 31, 2022, respectively, consisting primarily of current state taxes. Included in other non-current liabilities are income taxes payable of $1,124 and $990 as of December 30, 2023 and December 31, 2022, respectively, relating to accrued future foreign withholding taxes.

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 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/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480990/946-20-50-13 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//740/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-14 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-21 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 270 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482526/740-270-50-1 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 17 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-17 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482603/740-30-50-2 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration