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Land Held for Sale
12 Months Ended
Jan. 01, 2012
Land Held for Sale [Abstract]  
Land Held for Sale

7.  Land Held for Sale

During July 2011, Lakes entered into a program to locate a buyer for the land located in Vicksburg, Mississippi which was previously held for development. As a result, during fiscal 2011, Lakes reclassified the land as held for sale. As of January 1, 2012, the land is carried at $1.7 million on the accompanying consolidated balance sheet, which is its estimated fair value less expected cost to sell. As of January 2, 2011, the land was classified as held for development and was carried at fair value of $3.3 million on the accompanying consolidated balance sheet. Due to continued declines in the estimated fair value of the land, Lakes recognized impairment charges of approximately $1.6 million during both fiscal 2011 and fiscal 2010, which are included in impairments and other losses on the consolidated statements of operations.