Annual report pursuant to Section 13 and 15(d)

Note 8 - Income Taxes (Tables)

v3.3.1.900
Note 8 - Income Taxes (Tables)
12 Months Ended
Jan. 03, 2016
Notes Tables  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
 
 
Year
ended
January 3,
2016
 
 
Year
ended
December 28,
2014
 
 
Year
ended
December 29,
2013
 
Current:
                       
Federal/State
  $ 28     $ 113     $ (233
)
Foreign
    569       774       1,120  
                         
      597       887       887  
Deferred:
                       
Federal
          1,000       4,000  
Foreign
    76       (65
)
    (319
)
                         
      76       935       3,681  
                         
Income tax expense
  $ 673     $ 1,822     $ 4,568  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
 
 
Year
ended
January 3,
2016
 
 
Year
ended
December 28,
2014
 
 
Year
ended
December 29,
2013
 
Federal income tax expense (recovery)
  $ 234     $ (720
)
  $ (2,763
)
State income tax expense (recovery), net of federal tax benefit
    29       58       (62
)
Change in enacted income tax rates
                (469
)
Loss of foreign subsidiaries taxed at different rates
    113             185  
Change in valuation allowance
    (2,205
)
    (2,524
)
    7,114  
Additional (release of) income tax exposures and alternative minimum taxes
          55        
Deemed income inclusion of foreign subsidiary
    574       749       1,469  
Expiry of operating loss carry forwards
    843       3,142        
Permanent and other differences
    1,085       1,062       (906
)
                         
Income tax expense
  $ 673     $ 1,822     $ 4,568  
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]
 
 
Year
ended
January 3,
2016
 
 
Year
ended
December 28,
2014
 
 
Year
ended
December 29,
2013
 
Domestic (U.S.)
  $ 3,205     $ (1,267
)
  $ (6,467
)
Foreign (Non U.S.)
    (2,536
)
    (789
)
    (1,428
)
                         
    $ 669     $ (2,056
)
  $ (7,895
)
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
 
 
January 3,
2016
 
 
December 28,
2014
 
Deferred income tax assets:
               
Net operating loss carryforwards
  $ 24,595     $ 22,829  
Capital loss carryforwards
    2,232       2,232  
Tax credit carryforwards
    4,307       4,290  
Property, plant and equipment and other assets
    1,812       3,593  
Reserves, allowances and accruals
    546       2,829  
                 
      33,492       35,773  
Valuation allowance
    (33,140
)
    (35,345
)
                 
Net deferred income tax assets
  $ 352     $ 428