Income Taxes (Tables)

12 Months Ended

Dec. 29, 2012

Schedule of Income before Income Tax, Domestic and Foreign

The provision for income taxes was computed based on the following components of income (loss) before income tax expense and discontinued operations:



In thousands	Successor						Predecessor
In thousands	Fiscal Year Ended December 29, 2012			Eleven Months Ended December 31, 2011			One Month Ended January 28, 2011			Fiscal Year Ended January 1, 2011
Domestic	$	(44,664	)	$	(75,910	)	$	(19,238	)	$	(25,000	)
Foreign	26,281			2,809			1,485			41,329
Total	$	(18,383	)	$	(73,101	)	$	(17,753	)	$	16,329

Schedule of Components of Income Tax Expense (Benefit)

The components of income tax (provision) benefit for the respective periods are as follows:



In thousands	Successor						Predecessor
In thousands	Fiscal Year Ended December 29, 2012			Eleven Months Ended December 31, 2011			One Month Ended January 28, 2011			Fiscal Year Ended January 1, 2011
Current:
Federal and state	$	397		$	17,115		$	(302	)	$	7,001
Foreign	(9,175		)	(17,498		)	(247		)	(15,350		)
Deferred:
Federal and state	90			—			—			794
Foreign	1,033			3,655			—			3,021
Income tax (provision) benefit	$	(7,655	)	$	3,272		$	(549	)	$	(4,534	)

Schedule of Effective Income Tax Rate Reconciliation

The income tax (provision) benefit differs from the amount of income taxes determined by applying the applicable U.S. federal statutory rate of 35% to pretax income as a result of the following differences:



In thousands	Successor						Predecessor
In thousands	Fiscal Year Ended December 29, 2012			Eleven Months Ended December 31, 2011			One Month Ended January 28, 2011			Fiscal Year Ended January 1, 2011
Computed income tax (provision) benefit at statutory rate	$	6,435		$	25,585		$	6,214		$	(5,715	)
State income taxes, net of U.S. federal tax benefit	(5		)	1,207			(27		)	(437		)
Change in valuation allowance	(17,035		)	(30,823		)	(6,579		)	(10,755		)
Local country withholding tax	(800		)	(3,574		)	(157		)	(1,210		)
Tax attribute carryforward expiration	—			—			—			—
Intra-period allocation rule exception	—			970			—			2,787
Foreign rate difference	3,852			(6,338		)	56			3,967
Change in U.S. Personal Holding Company liability	—			16,221			(54		)	7,864
Other	(102		)	24			(2		)	(1,035		)
Income tax (provision) benefit	$	(7,655	)	$	3,272		$	(549	)	$	(4,534	)

Schedule of Deferred Tax Assets and Liabilities

Deferred income tax assets and liabilities consist of the following:



In thousands	December 29, 2012			December 31, 2011
Deferred tax assets:
Provision for bad debts	$	1,263		$	1,313
Inventory capitalization and allowances	146			507
Net operating loss and capital loss carryforwards	183,917			182,040
Tax credits	3,681			4,001
Employee compensation and benefits	10,732			4,662
Property, plant and equipment	—			—
Other, net	18,291			14,737
Total deferred tax assets	218,030			207,260
Valuation allowance	(203,837		)	(178,161		)
Net deferred tax assets	$	14,193		$	29,099

Deferred tax liabilities:
Property, plant and equipment, net	$	(29,832	)	$	(35,553	)
Intangibles	(4,593		)	(5,294		)
Stock basis of subsidiaries	(281		)	(4,277		)
Undistributed Earnings	(1,762		)	(5,020		)
Other, net	(6,608		)	(9,110		)
Total deferred tax liabilities	(43,076		)	(59,254		)
Net deferred tax liabilities	$	(28,883	)	$	(30,155	)

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefits, included in Other noncurrent liabilities in the accompanying Consolidated Balance Sheet, excluding potential interest and penalties associated with uncertain tax positions, is as follows:



In thousands	Successor						Predecessor
In thousands	Fiscal Year Ended December 29, 2012			Eleven Months Ended December 31, 2011			One Month Ended January 28, 2011			Fiscal Year Ended January 1, 2011
Unrecognized tax benefits at beginning of period	$	12,892		$	24,704		$	24,357		$	29,366
Gross increases for tax positions of prior years	—			—			—			457
Gross decreases for tax positions of prior years	(127		)	(11,654		)	(239		)	(24		)
Increases in tax positions for the current year	2,085			2,621			141			1,797
Lapse of statute of limitations	(1,810		)	(2,898		)	—			(7,106		)
Purchase accounting adjustment	—			—			445			—
Currency translation	(246		)	119			—			(133		)
Unrecognized tax benefits at end of period	$	12,794		$	12,892		$	24,704		$	24,357