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Income taxes (Tables)

12 Months Ended

Mar. 26, 2016

Income Tax Disclosure [Abstract]

Summary of Net Deferred Tax Assets

The significant items comprising the Company’s net deferred tax assets at March 26, 2016 and March 28, 2015 are as follows:

		Fiscal Year Ended
		March 26, 2016				March 28, 2015
Deferred tax assets:		(In thousands)
Loss and tax credit carry forwards		$	39,710			$	42,619
Difference between book and tax basis of property and equipment			2,731				2,513
Interest expense limitations carry forward			10,697				9,069
Inventory allowances			417				529
Other reserves not currently deductible			807				850
Capital lease obligation			2,431				2,696
Expenses not currently deductible			667				378
Other			(175	)			144
Net deferred tax asset before valuation allowance			57,285				58,798
Valuation allowance			(57,285	)			(58,798	)
Net deferred tax asset		$	—			$	—

Reconciliation of Unrecognized Tax Benefits

The following table reconciles the unrecognized tax benefits at March 26, 2016 and March 28, 2015:

		Fiscal Year Ended
		March 26, 2016				March 28, 2015
		(In thousands)
Unrecognized tax benefits at the beginning of the year		$	—			$	—
Gross increase – tax position in current period			—				89
Applied against certain element of deferred tax assets			—				(89	)
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 26, 2016				March 28, 2015				March 29, 2014
		(In thousands)
Income tax expense (benefit):
Current		$	50			$	77			$	183
Deferred			1,591				(2,636	)			(1,525	)
Valuation allowance			(1,591	)			2,559				1,360
Income tax expense		$	50				—			$	18

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 26, 2016				March 28, 2015				March 29, 2014
Canadian statutory rate			26.6	%			26.4	%			26.4	%
Rate differential for U.S. operations			6.5	%			5.1	%			2.0	%
Adjustment to valuation allowance			3.2	%			(30.7	)%			(26.8	)%
Utilization of unrecognized losses and other tax attributes			(32.2	)%			0.0	%			0.0	%
Permanent differences and other			(3.2	)%			(0.8	)%			(2.1	)%
Total			0.9	%			(0.0	)%			(0.5	)%

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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
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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.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
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Tabular disclosure of the change in unrecognized tax benefits.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=51663037&loc=d3e36027-109320

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