XML 45 R33.htm IDEA: XBRL DOCUMENT v3.2.0.727

Income taxes (Tables)

12 Months Ended

Mar. 28, 2015

Income Tax Disclosure [Abstract]

Summary of Net Deferred Tax Assets

The significant items comprising the Company’s net deferred tax assets at March 28, 2015 and March 29, 2014 are as follows:

		Fiscal Year Ended
		March 28, 2015				March 29, 2014
		(In thousands)
Deferred tax assets:
Loss and tax credit carry forwards		$	42,619			$	41,889
Difference between book and tax basis of property and equipment			2,513				2,344
Interest expense limitations carry forward			9,069				7,525
Inventory allowances			529				608
Other reserves not currently deductible			850				724
Capital lease obligation			2,696				3,204
Expenses not currently deductible			378				419
Other			144				96
Net deferred tax asset before valuation allowance			58,798				56,809
Valuation allowance			(58,798	)			(56,809	)
Net deferred tax asset		$	—			$	—

Reconciliation of Unrecognized Tax Benefits

The following table reconciles the unrecognized tax benefits at March 28, 2015 and March 29, 2014:

		Fiscal Year Ended
		March 28, 2015				March 29, 2014
		(In thousands)
Unrecognized tax benefits at the beginning of the year		$	—			$	—
Gross increase – tax position in current period			89				183
Applied against certain element of deferred tax assets			(89	)			(183	)
Unrecognized tax benefits at the end of the year		$	—			$	—

Components of Income Tax Expense (Benefit)

The Company’s income tax expense (benefit) consists of the following components:

		Fiscal Year Ended
		March 28, 2015				March 29, 2014				March 30, 2013
		(In thousands)
Income tax expense (benefit):
Current		$	77			$	183			$	299
Deferred			(2,636	)			(1,525	)			393
Valuation allowance			2,559				1,360				(672	)
Income tax expense		$	—			$	18			$	20

Schedule of Effective Income Tax Rate Reconciliation

The Company’s provision for income taxes varies from the amount computed by applying the statutory income tax rates for the reasons summarized below:

		Fiscal Year Ended
		March 28, 2015				March 29, 2014				March 30, 2013
Canadian statutory rate			26.4	%			26.4	%			26.2	%
Rate differential for U.S. operations			5.1	%			2.0	%			(7.3	)%
Adjustment to valuation allowance			(30.7	)%			(26.8	)%			21.0	%
Utilization of unrecognized losses and other tax attributes			0.0	%			0.0	%			(45.3	)%
Permanent differences and other			(0.8	)%			(2.1	)%			6.7	%
Total			(0.0	)%			(0.5	)%			1.3	%

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

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

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 740



-SubTopic 10



-Section 55



-Paragraph 217



-URI http://asc.fasb.org/extlink&oid=32707879&loc=d3e36027-109320



Reference 2: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 740



-SubTopic 10



-Section 50



-Paragraph 15A



-URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319

+ Details

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