Provision for Taxes (Tables)

12 Months Ended

Dec. 28, 2013

Income Tax Disclosure [Abstract]

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

Income before taxes and the provision for taxes consisted of the following:

In Thousands	2013		2012		2011
Income (loss) before taxes:
United States of America (USA)	$	19,803	$	11,104	$	8,481
Non USA		(3,115)		(11,642)		(1,605)
	$	16,688	$	(538)	$	6,875
Provision for taxes:
Current
Federal	$	5,060	$	3,671	$	965
State		560		303		38
International		(26)		83		568
		5,594		4,057		1,571
Deferred
Federal		299		397		163
State		616		15		621
International		374		(77)		79
		1,289		335		863
	$	6,883	$	4,392	$	2,434

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

A reconciliation of the provision for income taxes to the amount computed using the statutory rate follows:

In Thousands	2013		2012		2011
Income tax at statutory rate	$	5,840	$	(188)	$	2,338
Increase (decrease) in income tax resulting from
State tax expense, net of federal effect		764		509		394
Federal true-ups		(18)		(113)		113
Federal tax credits		(256)		(247)		(159)
Effect of foreign tax rates		(362)		(94)		(370)
Valuation allowances (state and foreign)		1,400		39		448
Goodwill impairment (worldwide)		—		4,684		—
Captive insurance earnings		(390)		(379)		(301)
Incentive stock options		130		152		115
Uncertain tax positions		—		—		(174)
Other		(225)		29		30
Recorded provision for income taxes	$	6,883	$	4,392	$	2,434

Schedule Of Uncertain Tax Benefits [Table Text Block]

The provision for income taxes was computed based on financial statement income. In accordance with FASB ASC 740, the Company has recorded the following changes in uncertain tax positions:

 

In Thousands	2013		2012
Balance, beginning of year	$	-	$	46
Additions for current year tax positions		-		-
Additions for prior year tax positions		-		-
Settlements		-		-
Reductions settlements		-		-
Reductions for prior year tax positions		-		(46)
Balance, end of year	$	-	$	-

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

The components of the net deferred tax liabilities are as follows:

In Thousands	2013		2012
Assets
Employee benefits	$	308	$	59
Valuation reserves		2,458		1,728
Property and equipment		57		233
Stock based compensation		195		178
Federal and state credits		165		865
Net operating loss carry forward		8,632		7,606
Total assets		11,815		10,669
Liabilities
Unrealized equity investment income		(3,157)		(2,555)
Goodwill and intangible assets		(2,708)		(2,668)
Prepaid insurance		(175)		(103)
Total liabilities		(6,040)		(5,326)
Valuation Allowance
Beginning balance		(7,264)		(7,075)
Increase during period		(1,685)		(189)
Ending balance		(8,949)		(7,264)
	$	(3,174)	$	(1,921)

Deferred tax assets (liabilities) are included in the consolidated balance sheets as follows:

In Thousands	2013		2012
Deferred income tax asset - current	$	2,220	$	1,553
Deferred income tax asset (liability) – long-term		(5,394)		(3,474)
	$	(3,174)	$	(1,921)