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Summary Of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 29, 2015
Accounting Policies [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments

CHECKPOINT SYSTEMS, INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited)
 
March 29, 2015
(amounts in thousands)
As Previously Reported

 
Restatement Adjustments

 
As Restated

Other current assets
$
21,245

 
$
(2,781
)
 
$
18,464

Total current assets
347,035

 
(2,781
)
 
344,254

Total assets
679,437

 
(2,781
)
 
676,656

Other current liabilities
16,058

 
(345
)
 
15,713

Total current liabilities
147,133

 
(345
)
 
146,788

Deferred income taxes
15,120

 
(622
)
 
14,498

Accumulated deficit
(13,076
)
 
(1,814
)
 
(14,890
)
Total stockholders' equity
295,807

 
(1,814
)
 
293,993

Total liabilities and stockholders' equity
679,437

 
(2,781
)
 
676,656











CHECKPOINT SYSTEMS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
 
Quarter (13 Weeks) Ended
 
March 29, 2015
(amounts in thousands)
As Previously Reported

 
Restatement Adjustments

 
As Restated

Income tax expense
$
71

 
$
1,814

 
$
1,885

Net loss
(745
)
 
(1,814
)
 
(2,559
)
Basic loss per share
(0.02
)
 
(0.04
)
 
(0.06
)
Diluted loss per share
(0.02
)
 
(0.04
)
 
(0.06
)

CHECKPOINT SYSTEMS, INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(Unaudited)
 
Quarter (13 Weeks) Ended
 
March 29, 2015
(amounts in thousands)
As Previously Reported

 
Restatement Adjustments

 
As Restated

Net loss
$
(745
)
 
$
(1,814
)
 
$
(2,559
)
Comprehensive loss
(11,213
)
 
(1,814
)
 
(13,027
)

CHECKPOINT SYSTEMS, INC.
CONSOLIDATED STATEMENTS OF EQUITY
(Unaudited)
 
March 29, 2015
(amounts in thousands)
As Previously Reported

 
Restatement Adjustments

 
As Restated

Net loss
$
(745
)
 
$
(1,814
)
 
$
(2,559
)
Accumulated deficit balance, March 29, 2015
(13,076
)
 
(1,814
)
 
(14,890
)
Total equity
295,807

 
(1,814
)
 
293,993


CHECKPOINT SYSTEMS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
 
Quarter (13 Weeks) Ended
 
March 29, 2015
(amounts in thousands)
As Previously Reported

 
Restatement Adjustments

 
As Restated

Net loss
$
(745
)
 
$
(1,814
)
 
$
(2,559
)
Deferred taxes
(41
)
 
(967
)
 
(1,008
)
Other assets
3,856

 
2,781

 
6,637
Schedule of Movement of Warranty Reserves
The following table sets forth the movement in the warranty reserve which is located in the Other Accrued Expenses section of our Consolidated Balance Sheets:
(amounts in thousands)
 
 
 
Three months ended
March 29,
2015

 
March 30,
2014

Balance at beginning of year
$
4,379

 
$
4,521

Accruals for warranties issued, net
597

 
810

Settlements made
(887
)
 
(962
)
Foreign currency translation adjustment
(200
)
 
13

Balance at end of period
$
3,889

 
$
4,382
Schedule of Accumulated Other Comprehensive Income (Loss)
The components of Accumulated Other Comprehensive Income (Loss), net of tax, for the three months ended March 29, 2015 were as follows:
(amounts in thousands)
Pension plan

 
Foreign currency translation adjustment

 
Total accumulated other comprehensive income

Balance, December 28, 2014
$
(35,036
)
 
$
352

 
$
(34,684
)
Foreign currency translation adjustment
3,678

 
(14,899
)
 
(11,221
)
Amounts reclassified from other comprehensive income
753

 
—

 
753

Net other comprehensive income
4,431

 
(14,899
)
 
(10,468
)
Balance, March 29, 2015
$
(30,605
)
 
$
(14,547
)
 
$
(45,152
)
Reclassification Out Of Accumulated Other Comprehensive Income (Loss)






The significant items reclassified from each component of other comprehensive income (loss) for the three months ended March 29, 2015 and March 30, 2014 were as follows:
(amounts in thousands)
March 29, 2015
 
March 30, 2014
Details about accumulated other comprehensive income (loss) components
Amount reclassified from accumulated other comprehensive income (loss)

 
Affected line item in the statement where net loss is presented
 
Amount reclassified from accumulated other comprehensive income (loss)

 
Affected line item in the statement where net loss is presented
Amortization of pension plan items
 
 
 
 
 
 
 
Actuarial loss (1)
$
(750
)
 
 
 
$
(385
)
 
 
Prior service cost (1)
(6
)
 
 
 
(3
)
 
 
 
(756
)
 
Total before tax
 
(388
)
 
Total before tax
 
3

 
Tax benefit
 
110

 
Tax benefit
Total reclassifications for the period
$
(753
)
 
Net of tax
 
$
(278
)
 
Net of tax

(1) 
These accumulated other comprehensive income components are included in the computation of net periodic pension costs. Refer to Note 9 of the Consolidated Financial Statements.