Income Taxes (Tables)

12 Months Ended

Dec. 28, 2013

Income Tax Disclosure [Abstract]

Components of Income Tax Expense (Benefit)

The components of income tax (benefit) expense are as follows (in thousands):

	Year Ended
	December 28, 2013			December 29, 2012			December 31, 2011
Current:
Federal	$	86		$	192		$	—
State		—			—			—
		86			192			—
Deferred:
Federal		(2,265	)		—			(2,086	)
State		(1,195	)		(82	)		(238	)
		(3,460	)		(82	)		(2,324	)
Income tax (benefit) expense	$	(3,374	)	$	110		$	(2,324	)

Reconciliation of Statutory Federal Income Tax Rate

A reconciliation of the statutory federal income tax rate to our effective rate is provided below:

	Year Ended
	December 28, 2013			December 29, 2012			December 31, 2011
Statutory federal income tax rate		35.0	%		35.0	%		35.0	%
State income taxes, net of federal income tax benefit		3.8	%		3.8	%		4.0	%
Alternative minimum tax		—			2.1	%		—
Non-deductible secondary offering related expenses		1.8	%		—			—
Other		(0.1	%)		(0.9	%)		(0.2	%)
Non-deductible expenses		0.2	%		0.3	%		—
Valuation allowance on deferred tax assets		(55.1	%)		(39.1	%)		(26.7	%)
		(14.4	%)		1.2	%		12.1	%

Components of Net Deferred Tax Liability

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of our net deferred tax liability are as follows:

	December 28, 2013		December 29, 2012
	(in thousands)
Deferred tax assets:
Federal and State net operating loss carry-forwards	$	970	$	7,332
Goodwill		4,152		6,228
Compensation expense		2,606		2,819
Accrued warranty		890		1,381
Obsolete inventory		435		508
Other accruals		260		149
Allowance for doubtful accounts		289		288
AMT tax credits		574		479
Derivative financial instruments		475		—
Amortizable intangible assets		865		—
Valuation allowance		—		(12,902	)
Total deferred tax assets	$	11,516	$	6,282
Deferred tax liabilities:
Other indefinite lived intangible assets	$	14,904	$	14,904
Amortizable intangible assets		—		1,551
Property, plant and equipment		6,349		4,724
Derivative financial instruments		—		7
Deferred finance costs		370		—
Prepaid expenses		510		—
Total deferred tax liabilities	$	22,133	$	21,186

Current and Noncurrent Deferred Tax (Liabilities) Assets

The following table shows the current and noncurrent deferred tax (liabilities) assets, recorded on our consolidated balance sheets:

	December 28, 2013			December 29, 2012
	(in thousands)
Current deferred tax asset, (liabilities), net	$	2,763		$	(46	)
Noncurrent deferred tax liabilities, net		(13,380	)		(14,858	)
Total deferred tax liabilities, net	$	(10,617	)	$	(14,904	)