CONSOLIDATED BALANCE SHEETS (USD $) In Thousands	Oct. 01, 2011		Jan. 01, 2011
Current assets:
Cash and cash equivalents	$ 4,700		$ 3,065
Accounts receivable, net of allowance of $28 and $44, respectively	8,243		5,030
Inventories, net of reserves of $66 and $286, respectively	19,033		16,593
Other current assets	1,258		519
Deferred tax assets	641
Total current assets	33,875		25,207
Property and equipment, net	12,612		11,747
Restricted cash			701
Goodwill	1,120		1,120
Other assets	1,288		1,060
Deferred income taxes	304		29
Total assets	49,199	[1]	39,864	[1]
Current liabilities:
Accounts payable	6,788		4,468
Checks issued in excess of bank balance			42
Accrued expenses	5,709		4,771
Line of credit	8,835		10,139
Current maturities of long-term obligations	1,082		4,396
Income taxes payable	1,505		60
Total current liabilities	23,919		23,876
Long-term obligations, less current maturities	7,411		2,501
Deferred gain, net of current portion	974		1,340
Total liabilities	32,304	[1]	27,717	[1]
Commitments and contingencies
Shareholders' equity:
Common Stock, no par value; 10,000 shares authorized; issued and outstanding: 5,493 shares at both periods	20,109		19,740
Accumulated deficit	(4,800)		(9,258)
Accumulated other comprehensive loss	(414)		(274)
Total shareholders' equity	14,895		10,208
Noncontrolling interest	2,000		1,939
Total equity	16,895		12,147
Total liabilities and shareholders' equity	$ 49,199		$ 39,864

[1] Assets of, ARCA Advanced Processing, LLC (AAP), our consolidated variable interest entity (VIE) that can only be used to settle obligations of AAP were $11,537 and $10,207 as of October 1, 2011 and January 1, 2011, respectively. Liabilities of AAP for which creditors do not have recourse to the general credit of Appliance Recycling Centers of America, Inc. were $2,201 and $3,774 as of October 1, 2011 and January 1, 2011, respectively.