Document And Entity Information	3 Months Ended
Mar. 30, 2014	May 01, 2014
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	true
Document Period End Date	Mar. 30, 2014
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2014
Entity Registrant Name	PAPERWEIGHT DEVELOPMENT CORP
Entity Central Index Key	0001166365
Current Fiscal Year End Date	--01-03
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		7,658,429
Amendment Description	This Form 10-Q/A amends the Company's quarterly report on Form 10-Q for the quarter ended March 30, 2014, which was filed on May 8, 2014 (the "Original Report"). In this Quarterly Report on Form 10-Q/A for the three months ended March 30, 2014, Paperweight Development Corp. (the "Company" or "PDC") is restating its previously issued condensed consolidated financial statements and the related disclosures as of December 28, 2013, and the previously issued condensed consolidated financial statements for the quarterly period ended March 31, 2013. As discussed in further detail below and in Note 2 to the accompanying condensed consolidated financial statements, the restatement is the result of a misapplication in the guidance on accounting for redeemable equity. We assessed the impact of this error on our prior interim and annual financial statements and concluded the impact was material to these financial statements. Consequently, we are restating the prior period financial statements for the fiscal years ended December 28, 2013, December 29, 2012, and December 31, 2011, the unaudited condensed consolidated financial statements for the first three fiscal quarters in fiscal 2013, and the unaudited condensed consolidated financial statements for the first two fiscal quarters of fiscal year 2014. All amounts in this Form 10-Q/A that were affected by the restatement have been restated, including the Condensed Consolidated Balance Sheet as of December 28, 2013 and the unaudited interim financial information for the quarter ended March 31, 2013. All of the information in this Form 10-Q/A is as of the date of the Original Report and does not reflect any subsequent information or events other than the restatement discussed in Note 2 to the accompanying condensed consolidated financial statements appearing in this Form 10-Q/A. For the convenience of the reader, this Form 10-Q/A sets forth the Original Report in its entirety. However, the following items of this Form 10-Q/A have been amended solely as a result of, and to reflect, the restatement, and no other information in this Form 10-Q/A is amended hereby: (i) Part I, Item 1: Financial Statements (unaudited); (ii) Part I, Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations, (iii) Part I, Item 4 – Controls and Procedures and (iv) Part II, Item 6 - Exhibits. The Company is also including currently dated Sarbanes-Oxley Section 302 and Section 906 certifications of the Chief Executive Officer and Chief Financial Officer as Exhibits 31.1, 31.2, 32.1 and 32.2 to this Form 10-Q/A. For a more detailed explanation of these matters and resulting restatements, please see Part I, Item 1: Financial Statements (unaudited) – Note 2 to the Condensed Consolidated Financial Statements and Part I, Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations – Restatement of Previously Issued Consolidated Financial Statements. In order to accomplish the restatements discussed above, we are also separately amending our previously filed (i) 2013 Annual Report on Form 10-K, which includes the years ended December 28, 2013, December 29, 2012, and December 31, 2011 and (ii) the 2014 Quarterly Report on Form 10-Q for the quarterly period ended June 29, 2014, which includes the quarterly period ended June 30, 2013. Background of Restatement On November 11, 2014, the Audit Committee of the Company's Board of Directors (the "Audit Committee"), in connection with an internal review initiated by Company management, concluded that, because of a misapplication of the accounting guidance related to redeemable equity, the Company's previously issued consolidated financial statements for the years ended December 28, 2013, December 29, 2012, and December 31, 2011, and the financial statements for the quarters ended March 31, 2014 and June 30, 2014 should no longer be relied upon. As such, the Company is restating its financial statements for the following periods: (i) the fiscal years ended December 28 , 2013, December 29, 2012, and December 31, 2011, and (ii) the quarterly periods ended June 29, 2014, March 30, 2014, September 29, 2013, June 30, 2013, and March 31, 2013 (the "Restated Periods"). These restatements result in corrections to the carrying amount of redeemable common stock and accumulated deficits for all periods and have no impact on the Company's current or previously reported cash position, net income or loss, or statement of cash flows. In late 2001, approximately 90% of Appvion, Inc.'s ("Appvion") employees invested approximately $107 million in the Company's employee stock ownership plan ("ESOP"). On November 9, 2001, the ESOP purchased 100% of the common stock of PDC. PDC used all the proceeds from the sale of the common stock and proceeds from certain debt financings to purchase Appvion. Because ERISA rules and provisions of the ESOP plan require the Company to repurchase shares from employees on specified occasions, including retirement or termination of employment, the common stock is considered redeemable common stock. The guidance on accounting for redeemable equity requires a determination of whether the equity is currently redeemable or not currently redeemable. Shares that are currently redeemable should be recorded at redemption value. For shares that are not currently redeemable, the accounting guidance allows for changes in fair value to be accreted from the initial issuance date to the earliest redemption date. In 2001, the Company originally determined that the redeemable common stock was not currently redeemable. However, the original determination of the earliest redemption date did not consider that the common stock was redeemable at the option of employees upon termination. In considering this fact, management determined that a significant portion of the common stock was currently redeemable and as a consequence those shares should have been carried at redemption value. The guidance on accounting for redeemable equity also specifies that if the redemption value is less than the original issuance cost, the carrying amount of the redeemable common stock should not be less than the original issuance cost. Our historical accounting did not appropriately consider this requirement, which resulted in certain shares of redeemable common stock being reported at a carrying amount below the original issuance cost. The Audit Committee, together with management, determined that the financial statements in the Restated Periods should be restated to reflect the provisions above with an offsetting adjustment to the carrying amount of calculated deficit. The restatement had no impact on the Company's Consolidated Statements of Comprehensive Income (Loss) or Consolidated Statements of Cash Flows. An explanation of the impact on our financial statements is contained in Note 2 to the condensed consolidated financial statements contained in Part I, Item 1: Financial Statements (unaudited). Internal Control Considerations Management has assessed the effect of the restatement on the Company's internal control over financial reporting and believes that this restatement was the result of a material weakness in its internal controls over financial reporting for all periods under restatement because of a material weakness related to accounting for redeemable equity. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of a company's annual or interim consolidated financial statements will not be prevented or detected on a timely basis. For a discussion of management's consideration of the material weakness identified, see Part I, Item 4: Controls and Procedures included in this Quarterly Report.

Document And Entity Information

3 Months Ended

Mar. 30, 2014

May 01, 2014

Document And Entity Information [Abstract]

Document Type

10-Q

Amendment Flag

true

Document Period End Date

Mar. 30, 2014

Document Fiscal Period Focus

Document Fiscal Year Focus

2014

Entity Registrant Name

PAPERWEIGHT DEVELOPMENT CORP

Entity Central Index Key

0001166365

Current Fiscal Year End Date

--01-03

Entity Filer Category

Non-accelerated Filer

Entity Common Stock, Shares Outstanding

7,658,429

Amendment Description

This Form 10-Q/A amends the Company's quarterly report on Form 10-Q for the quarter ended March 30, 2014, which was filed on May 8, 2014 (the "Original Report"). In this Quarterly Report on Form 10-Q/A for the three months ended March 30, 2014, Paperweight Development Corp. (the "Company" or "PDC") is restating its previously issued condensed consolidated financial statements and the related disclosures as of December 28, 2013, and the previously issued condensed consolidated financial statements for the quarterly period ended March 31, 2013. As discussed in further detail below and in Note 2 to the accompanying condensed consolidated financial statements, the restatement is the result of a misapplication in the guidance on accounting for redeemable equity. We assessed the impact of this error on our prior interim and annual financial statements and concluded the impact was material to these financial statements. Consequently, we are restating the prior period financial statements for the fiscal years ended December 28, 2013, December 29, 2012, and December 31, 2011, the unaudited condensed consolidated financial statements for the first three fiscal quarters in fiscal 2013, and the unaudited condensed consolidated financial statements for the first two fiscal quarters of fiscal year 2014. All amounts in this Form 10-Q/A that were affected by the restatement have been restated, including the Condensed Consolidated Balance Sheet as of December 28, 2013 and the unaudited interim financial information for the quarter ended March 31, 2013. All of the information in this Form 10-Q/A is as of the date of the Original Report and does not reflect any subsequent information or events other than the restatement discussed in Note 2 to the accompanying condensed consolidated financial statements appearing in this Form 10-Q/A. For the convenience of the reader, this Form 10-Q/A sets forth the Original Report in its entirety. However, the following items of this Form 10-Q/A have been amended solely as a result of, and to reflect, the restatement, and no other information in this Form 10-Q/A is amended hereby: (i) Part I, Item 1: Financial Statements (unaudited); (ii) Part I, Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations, (iii) Part I, Item 4 – Controls and Procedures and (iv) Part II, Item 6 - Exhibits. The Company is also including currently dated Sarbanes-Oxley Section 302 and Section 906 certifications of the Chief Executive Officer and Chief Financial Officer as Exhibits 31.1, 31.2, 32.1 and 32.2 to this Form 10-Q/A. For a more detailed explanation of these matters and resulting restatements, please see Part I, Item 1: Financial Statements (unaudited) – Note 2 to the Condensed Consolidated Financial Statements and Part I, Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations – Restatement of Previously Issued Consolidated Financial Statements. In order to accomplish the restatements discussed above, we are also separately amending our previously filed (i) 2013 Annual Report on Form 10-K, which includes the years ended December 28, 2013, December 29, 2012, and December 31, 2011 and (ii) the 2014 Quarterly Report on Form 10-Q for the quarterly period ended June 29, 2014, which includes the quarterly period ended June 30, 2013. Background of Restatement On November 11, 2014, the Audit Committee of the Company's Board of Directors (the "Audit Committee"), in connection with an internal review initiated by Company management, concluded that, because of a misapplication of the accounting guidance related to redeemable equity, the Company's previously issued consolidated financial statements for the years ended December 28, 2013, December 29, 2012, and December 31, 2011, and the financial statements for the quarters ended March 31, 2014 and June 30, 2014 should no longer be relied upon. As such, the Company is restating its financial statements for the following periods: (i) the fiscal years ended December 28 , 2013, December 29, 2012, and December 31, 2011, and (ii) the quarterly periods ended June 29, 2014, March 30, 2014, September 29, 2013, June 30, 2013, and March 31, 2013 (the "Restated Periods"). These restatements result in corrections to the carrying amount of redeemable common stock and accumulated deficits for all periods and have no impact on the Company's current or previously reported cash position, net income or loss, or statement of cash flows. In late 2001, approximately 90% of Appvion, Inc.'s ("Appvion") employees invested approximately $107 million in the Company's employee stock ownership plan ("ESOP"). On November 9, 2001, the ESOP purchased 100% of the common stock of PDC. PDC used all the proceeds from the sale of the common stock and proceeds from certain debt financings to purchase Appvion. Because ERISA rules and provisions of the ESOP plan require the Company to repurchase shares from employees on specified occasions, including retirement or termination of employment, the common stock is considered redeemable common stock. The guidance on accounting for redeemable equity requires a determination of whether the equity is currently redeemable or not currently redeemable. Shares that are currently redeemable should be recorded at redemption value. For shares that are not currently redeemable, the accounting guidance allows for changes in fair value to be accreted from the initial issuance date to the earliest redemption date. In 2001, the Company originally determined that the redeemable common stock was not currently redeemable. However, the original determination of the earliest redemption date did not consider that the common stock was redeemable at the option of employees upon termination. In considering this fact, management determined that a significant portion of the common stock was currently redeemable and as a consequence those shares should have been carried at redemption value. The guidance on accounting for redeemable equity also specifies that if the redemption value is less than the original issuance cost, the carrying amount of the redeemable common stock should not be less than the original issuance cost. Our historical accounting did not appropriately consider this requirement, which resulted in certain shares of redeemable common stock being reported at a carrying amount below the original issuance cost. The Audit Committee, together with management, determined that the financial statements in the Restated Periods should be restated to reflect the provisions above with an offsetting adjustment to the carrying amount of calculated deficit. The restatement had no impact on the Company's Consolidated Statements of Comprehensive Income (Loss) or Consolidated Statements of Cash Flows. An explanation of the impact on our financial statements is contained in Note 2 to the condensed consolidated financial statements contained in Part I, Item 1: Financial Statements (unaudited). Internal Control Considerations Management has assessed the effect of the restatement on the Company's internal control over financial reporting and believes that this restatement was the result of a material weakness in its internal controls over financial reporting for all periods under restatement because of a material weakness related to accounting for redeemable equity. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of a company's annual or interim consolidated financial statements will not be prevented or detected on a timely basis. For a discussion of management's consideration of the material weakness identified, see Part I, Item 4: Controls and Procedures included in this Quarterly Report.