INCOME TAXES (Tables)

12 Months Ended

Jan. 02, 2016

INCOME TAXES

Schedule of Income (loss) before provision (benefit) for income taxes

	Fiscal Years Ended
In thousands	January 2, 2016			January 3, 2015			December 28, 2013
United States	$	43,198		$	(6,165	)	$	(34,370	)
International		(16,962	)		(1,488	)		(2,358	)
Total	$	26,236		$	(7,653	)	$	(36,728	)

Schedule of provision (benefit) for income taxes

	Fiscal Years Ended
In thousands	January 2, 2016			January 3, 2015			December 28, 2013
Current:
Federal	$	89		$	(77,366	)	$	686
Foreign		3,686			809			(2,326	)
State and local		279			(7,472	)		742
Total Current(a)		4,054			(84,029	)		(898	)
Deferred:
Federal		1,544			1,883			(626	)
Foreign		(1,641	)		(2,722	)		(437	)
State and local		571			489			(2,602	)
Total Deferred		474			(350	)		(3,665	)
	$	4,528		$	(84,379	)	$	(4,563	)

(a) Includes a net $87.4 million reduction in the reserve for uncertain tax positions, resulting from the expiration of the related statutes of limitations in the year ended January 3, 2015.

Schedule of effective income tax rate differed from the statutory federal income tax rate

	Fiscal Years Ended
	January 2, 2016			January 3, 2015			December 28, 2013
Federal tax at statutory rate		35.0	%		35.0	%		35.0	%
State and local income taxes, net of federal benefit		1.1			97.6			7.2
Officer and share-based compensation		(5.8	)		226.4			—
Change in valuation allowance		(72.5	)		(185.7	)		(13.2	)
Unrecognized tax benefits		0.1			1,010.9			(1.9	)
Rate differential on foreign income		30.4			(46.8	)		(15.0	)
Gain on disposition of subsidiary		18.0			—			—
Conversion of debt to equity		—			—			(1.5	)
Indefinite-lived intangibles		8.3			(31.0	)		4.8
Other, net		2.7			(3.9	)		(3.0	)
		17.3	%		1,102.5	%		12.4	%

Schedule of components of net deferred taxes arising from temporary differences

In thousands	January 2, 2016			January 3, 2015
Deferred tax assets:
Inventory valuation	$	10,762		$	9,212
Nondeductible accruals		9,975			10,363
Share-based compensation		20,824			11,827
Net operating loss carryforward		280,280			300,825
Goodwill		5,682			5,603
Capital loss carryforward		83,099			68,839
Unrealized gains		17,532			8,413
Other		13,114			9,580
Total deferred tax assets		441,268			424,662
Deferred tax liabilities:
Trademarks and other intangibles		(18,395	)		(17,622	)
Property and equipment		(4,711	)		(5,632	)
Other		(8,205	)		(2,746	)
Total deferred tax liabilities		(31,311	)		(26,000	)
Less: Valuation allowance		(425,761	)		(415,173	)
Net deferred tax liability	$	(15,804	)	$	(16,511	)

Summary of changes in the amounts of unrecognized tax benefits

	Fiscal Years Ended
In thousands	January 2, 2016			January 3, 2015			December 28, 2013
Balance as of beginning of period	$	9,224		$	84,108		$	85,999
Increases from prior period positions		1,305			32			1,436
Decreases from prior period positions		(823	)		—			(4,348	)
Increases from current period positions		243			—			2,000
Decreases relating to settlements with taxing authorities		—			—			(153	)
Reduction due to the lapse of the applicable statute of limitations		(893	)		(74,916	)		(826	)
Balance as of end of period(a)	$	9,056		$	9,224		$	84,108

(a) As of January 2, 2016 and January 3, 2015, liabilities associated with the amounts are included within Income taxes payable and Other non-current liabilities on the accompanying Consolidated Balance Sheets.