Income Taxes (Tables)

12 Months Ended

Dec. 27, 2014

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision (benefit) for income taxes on income (loss) from continuing operations consists of the following:



	2014			2013			2012
Current
Federal	$	979		$	282		$	154
State	(190		)	178			88
Total current	789			460			242

Deferred
Federal	243			(955		)	(592		)
State	21			(82		)	(51		)
Total deferred	264			(1,037		)	(643		)
Income tax provision (benefit)	$	1,053		$	(577	)	$	(401	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Differences between the provision (benefit) for income taxes and the amount computed by applying the statutory federal income tax rate to income (loss) from continuing operations before taxes are summarized as follows:



	2014			2013			2012
Federal statutory rate	35		%	35		%	35		%
Statutory rate applied to income (loss) from continuing operations before taxes	$	604		$	1,743		$	(369	)
Plus state income taxes, net of federal tax effect	(169		)	96			24
Total statutory provision (benefit)	435			1,839			(345		)
Increase (decrease) attributable to:
Nondeductible meals and entertainment	143			112			88
Domestic production activities deduction	112			(208		)	—
Federal tax credits	(483		)	(1,612		)	—
Reserve for uncertain tax positions	109			286			—
Goodwill	(124		)	283			—
Change in valuation allowance	569			(1,190		)	—
Non-taxable insurance proceeds	—			(71		)	—
Stock-based compensation	117			—			14
True-up to tax return	102			14			(75		)
Other items	73			(30		)	(83		)
Total tax provision (benefit)	$	1,053		$	(577	)	$	(401	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Significant components of the Company's deferred tax assets and liabilities are as follows:



	2014			2013
Deferred tax assets:
Inventories	$	2,842		$	2,226
Retirement benefits	3,215			3,408
State net operating losses	3,417			2,936
Federal net operating losses	3,503			—
State tax credit carryforwards	1,740			1,740
Federal tax credit carryforwards	2,472			—
Allowances for bad debts, claims and discounts	3,175			2,527
Other	4,776			5,279
Total deferred tax assets	25,140			18,116
Valuation allowance	(4,317		)	(3,748		)
Net deferred tax assets	20,823			14,368

Deferred tax liabilities:
Property, plant and equipment	17,477			11,818
Total deferred tax liabilities	17,477			11,818

Net deferred tax asset	$	3,346		$	2,550



Balance sheet classification:	2014		2013
Current deferred tax assets	$	12,722	$	6,622
Non-current deferred tax liabilities	9,376		4,072
Net deferred tax asset	$	3,346	$	2,550

Summary of Income Tax Contingencies [Table Text Block]

The following is a summary of the change in the Company's unrecognized tax benefits:



	2014		2013			2012
Balance at beginning of year	$	291	$	5		$	16
Additions based on tax positions taken during a prior period	—		250			—
Additions based on tax positions taken during a current period	109		41			—
Reductions related to settlement of tax matters	—		—			—
Reductions related to a lapse of applicable statute of limitations	—		(5		)	(11		)
Balance at end of year	$	400	$	291		$	5

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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