XML 22 R11.htm IDEA: XBRL DOCUMENT v3.7.0.1
Income Taxes
3 Months Ended
Apr. 01, 2017
Income Tax Disclosure [Abstract]  
Income Taxes

Note 6: Income Taxes

 

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. As of the periods ended April 1, 2017 and December 31, 2016, the Company recorded a full valuation allowance on its deferred tax asset balances.