Stockholders Equity Stockholders Equity

6 Months Ended

Jul. 01, 2017

Stockholders' Equity Attributable to Parent [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

STOCKHOLDERS EQUITY

On March 23, 2017, the Company declared a cash dividend of $0.05 per share on issued and outstanding shares of common stock. A $1.3 million dividend payable was recorded to retained earnings in the first quarter of 2017. The dividend was paid on May 25, 2017 to stockholders of record as of the close of business on May 11, 2017.

US GAAP requires accumulated foreign currency translation balances to be reclassified into the Consolidated Statement of Operations once the liquidation of the net assets of a foreign entity is substantially complete. As of July 1, 2017, because we had ceased operations in Canada, we had determined that the liquidation of our Canadian entity was substantially complete. All remaining activities associated with these entities, including the final disposition of remaining balance sheet amounts and formal dissolution of these entities are being managed and expected to be concluded by the end of the year. Accordingly, the Company reclassified into SG&A $0.6 million of foreign currency translation losses associated with our Canadian entity for the three and six months ended July 1, 2017.