Income Taxes (Tables)

12 Months Ended

Dec. 29, 2013

Provision for income taxes related to continuing operations

The Company’s provision for income taxes, all of which relates to its continuing operations, consists of the following:



	Fiscal Year Ended					Six Months Ended		Fiscal Year Ended
For the period ended	December 29, 2013		December 30, 2012			January 1, 2012		July 3, 2011
Current
Federal	$	—	$	—		$	—	$	—
State	—		45			—		—
Foreign	87		101			48		(219		)
Deferred
Federal	926		955			477		953
State and foreign	3		(5		)	24		(104		)
Provision for income taxes	$	1,016	$	1,096		$	549	$	630

Reconciliation of the Company's effective tax rate

A reconciliation of the Company's effective tax rate for continuing operations to the statutory Federal tax rate follows:



	Fiscal Year Ended										Six Months Ended					Fiscal Year Ended
	December 29, 2013					December 30, 2012					January 1, 2012					July 3, 2011
	Amount			%		Amount			%		Amount			%		Amount			%
Provision (benefit) computed at the statutory rate	$	1,670		35.0		$	2,808		35.0		$	1,708		35.0		$	1,906		35.0
Losses not benefited	—			—		—			—		—			—		—			—
Use of net operating losses	(622		)	(13.0	)	(1,652		)	(20.2	)	(1,124		)	(23.0	)	(896		)	(16.5	)
Foreign tax rate differential	(32		)	(0.7	)	(60		)	(0.8	)	(35		)	(0.7	)	(380		)	(7.0	)
Total provision for income taxes	$	1,016		21.3		$	1,096		14.0		$	549		11.3		$	630		11.5

Components of deferred tax assets and liabilities

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.

Significant components of the Company's deferred tax liabilities and assets as of December 29, 2013, and December 30, 2012, follow:



	December 29, 2013			December 30, 2012
Deferred tax liabilities
Depreciation and amortization (including differences in the basis of acquired assets)	$	(9,125	)	$	(8,204	)
Total deferred tax liabilities	(9,125		)	(8,204		)

Deferred tax assets
Inventory and other reserves	2,329			2,152
Pension benefit obligation	19,055			40,240
Net operating loss and capital loss carryforwards	88,784			85,080
Total gross deferred tax assets	110,168			127,472
Less valuation allowance	(110,090		)	(127,386		)
Deferred tax assets less valuation allowance	78			86
Net deferred tax liability	$	(9,047	)	$	(8,118	)