XML 47 R34.htm IDEA: XBRL DOCUMENT v3.19.2

Income taxes (Tables)

12 Months Ended

Mar. 30, 2019

Income Tax Disclosure [Abstract]

Summary of Net Deferred Tax Assets Related to Continuing Operations

The significant items comprising the Company’s net deferred tax assets at March 30, 2019 and March 31, 2018 are as follows:

		Fiscal Year Ended
		March 30, 2019				March 31, 2018*
		(In thousands)
Deferred tax assets:
Loss and tax credit carry forwards		$	14,053			$	9,688
Difference between book and tax basis of property and equipment			4,036				3,243
Other reserves not currently deductible			151				68
Expenses not currently deductible			1,153				659
Other			(117	)			(96	)
Net deferred tax asset before valuation allowance			19,276				13,562
Valuation allowance			(19,276	)			(13,562	)
Net deferred tax asset		$	-			$	-

(*) Recast (refer to note 1)

Components of Income Tax Expense (Benefit) from Continuing Operations

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

		Fiscal Year Ended
		March 30, 2019				March 31, 2018*				March 25, 2017*
		(In thousands)
Income tax expense (benefit):
Current		$	-			$	-			$	-
Deferred			(4,769	)			(5,922	)			(2,368	)
Valuation allowance			4,769				5,922				2,368
Income tax expense		$	-			$	-			$	-

(*) Recast (refer to note 1)

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 30, 2019				March 31, 2018				March 25, 2017
Canadian statutory rate			26.8%				26.6%				26.6%
Rate differential for U.S. operations			0.1%				0.4%				0.7%
Utilization of unrecognized losses and other tax attributes			(26.2%	)			(27.1%	)			(26.9%	)
Permanent differences and other			(0.7%	)			0.1%				(0.4%	)
Total			0%				0%				0%

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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

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