Income Taxes (Tables)

12 Months Ended

Dec. 28, 2013

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 28, 2013			Fiscal Year Ended December 29, 2012			Eleven Months Ended December 31, 2011			One Month Ended January 28, 2011
Domestic	$	(63,783	)	$	(44,664	)	$	(75,910	)	$	(19,238	)
Foreign	2,918			26,281			2,809			1,485
Total	$	(60,865	)	$	(18,383	)	$	(73,101	)	$	(17,753	)

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 28, 2013			Fiscal Year Ended December 29, 2012			Eleven Months Ended December 31, 2011			One Month Ended January 28, 2011
Current:
Federal and state	$	3,947		$	397		$	17,115		$	(302	)
Foreign	(12,474		)	(9,175		)	(17,498		)	(247		)
Deferred:
Federal and state	22,688			90			—			—
Foreign	8,432			1,033			3,655			—
Income tax (provision) benefit	$	22,593		$	(7,655	)	$	3,272		$	(549	)

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 28, 2013			Fiscal Year Ended December 29, 2012			Eleven Months Ended December 31, 2011			One Month Ended January 28, 2011
Computed income tax (provision) benefit at statutory rate	$	21,303		$	6,435		$	25,585		$	6,214
State income taxes, net of U.S. federal tax benefit	(540		)	(5		)	1,207			(27		)
Change in valuation allowance	(7,120		)	(17,035		)	(30,823		)	(6,579		)
Local country withholding tax	(5,307		)	(800		)	(3,574		)	(157		)
Tax attribute carryforward expiration	—			—			—			—
Intra-period allocation rule exception	5,201			—			970			—
Foreign rate difference	8,962			3,852			(6,338		)	56
Change in U.S. Personal Holding Company liability	—			—			16,221			(54		)
Other	94			(102		)	24			(2		)
Income tax (provision) benefit	$	22,593		$	(7,655	)	$	3,272		$	(549	)

Schedule of Deferred Tax Assets and Liabilities

Deferred income tax assets and liabilities consist of the following:



In thousands	December 28, 2013			December 29, 2012
Deferred tax assets:
Provision for bad debts	$	1,169		$	1,263
Inventory capitalization and allowances	1,992			146
Net operating loss and capital loss carryforwards	223,013			183,917
Tax credits	5,748			3,681
Employee compensation and benefits	10,322			10,732
Property, plant and equipment	—			—
Other, net	14,509			18,291
Total deferred tax assets	256,753			218,030
Valuation allowance	(201,112		)	(203,837		)
Net deferred tax assets	$	55,641		$	14,193

Deferred tax liabilities:
Property, plant and equipment, net	$	(20,773	)	$	(29,832	)
Intangibles	(33,643		)	(4,593		)
Stock basis of subsidiaries	—			(281		)
Undistributed Earnings	(12,477		)	(1,762		)
Other, net	(6,532		)	(6,608		)
Total deferred tax liabilities	(73,425		)	(43,076		)
Net deferred tax liabilities	$	(17,784	)	$	(28,883	)

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 28, 2013			Fiscal Year Ended December 29, 2012			Eleven Months Ended December 31, 2011			One Month Ended January 28, 2011
Unrecognized tax benefits at beginning of period	$	12,794		$	12,892		$	24,704		$	24,357
Gross increases for tax positions of prior years	—			—			—			—
Gross decreases for tax positions of prior years	(260		)	(127		)	(11,654		)	(239		)
Increases in tax positions for the current year	1,753			2,085			2,621			141
Lapse of statute of limitations	(1,873		)	(1,810		)	(2,898		)	—
Purchase accounting adjustment	2,594			—			—			445
Currency translation	(727		)	(246		)	119			—
Unrecognized tax benefits at end of period	$	14,281		$	12,794		$	12,892		$	24,704