INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2016

INCOME TAXES

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

	Fiscal Years Ended
In thousands	December 31, 2016		January 2, 2016		January 3, 2015
United States	$	132,782	$	43,198	$	(6,165)
International		22,847		(16,962)		(1,488)
Total	$	155,629	$	26,236	$	(7,653)

Schedule of provision (benefit) for income taxes

	Fiscal Years Ended
In thousands	December 31, 2016		January 2, 2016		January 3, 2015
Current:
Federal	$	2,799	$	89	$	(77,366)
Foreign		1,690		3,686		809
State and local		692		279		(7,472)
Total Current (a)		5,181		4,054		(84,029)
Deferred:
Federal		(830)		1,544		1,883
Foreign		(331)		(1,641)		(2,722)
State and local		51		571		489
Total Deferred		(1,110)		474		(350)
	$	4,071	$	4,528	$	(84,379)

^(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
	December 31, 2016		January 2, 2016		January 3, 2015
Federal tax at statutory rate	35.0	%	35.0	%	35.0	%
State and local income taxes, net of federal benefit	0.7		1.1		97.6
Officer and share-based compensation	—		(5.8)		226.4
Change in valuation allowance	(28.7)		(72.5)		(185.7)
Unrecognized tax benefits	(0.2)		0.1		1,010.9
Rate differential on foreign income	(4.2)		30.4		(46.8)
Gain on disposition of subsidiary	—		18.0		—
Indefinite-lived intangibles	(0.5)		8.3		(31.0)
Other, net	0.5		2.7		(3.9)
	2.6	%	17.3	%	1,102.5	%

Schedule of components of net deferred taxes arising from temporary differences

In thousands	December 31, 2016		January 2, 2016
Deferred tax assets:
Inventory valuation	$	5,416	$	10,762
Nondeductible accruals		9,743		9,975
Share-based compensation		25,579		20,824
Net operating loss carryforward		229,297		280,280
Goodwill		4,983		5,682
Capital loss carryforward		82,880		83,099
Unrealized gains		16,150		17,532
Other		15,797		13,114
Total deferred tax assets		389,845		441,268
Deferred tax liabilities:
Trademarks and other intangibles		(17,499)		(18,395)
Property and equipment		(14,289)		(4,711)
Other		(726)		(8,205)
Total deferred tax liabilities		(32,514)		(31,311)
Less: Valuation allowance		(372,521)		(425,761)
Net deferred tax liability	$	(15,190)	$	(15,804)

Summary of changes in the amounts of unrecognized tax benefits

	Fiscal Years Ended
In thousands	December 31, 2016		January 2, 2016		January 3, 2015
Balance as of beginning of period	$	9,056	$	9,224	$	84,108
Increases from prior period positions		62		1,305		32
Decreases from prior period positions		(15)		(823)		—
Increases from current period positions		1,684		243		—
Reduction due to the lapse of the applicable statute of limitations		(870)		(893)		(74,916)
Balance as of end of period (a)	$	9,917	$	9,056	$	9,224

^(a) As of December 31, 2016 and January 2, 2016, liabilities associated with the amounts are included within Income taxes payable and Other non‑current liabilities on the accompanying Consolidated Balance Sheets.