INCOME TAXES (Tables)

12 Months Ended

Dec. 30, 2017

INCOME TAXES

Summary of provision (benefit) for income taxes for continuing operations

The provision for income taxes is summarized as follows (amounts in thousands):

	2017		2016
Federal: Current	$	988	$	613
Deferred		27		1,284
State:     Current		32		2
Deferred		(26)		249
	$	1,021	$	2,148

Schedule of difference between the tax rate for continuing operations on income or loss for financial statement purposes and the federal statutory tax rate

	2017		2016
Statutory tax rate	34.0	%	34.0	%
Percentage depletion	(4.7)		(1.8)
Non-deductible expenses	1.7		1.0
Valuation allowance for tax assets	2.5		1.0
State income taxes, net of federal benefit	2.0		4.2
Domestic production deduction	(0.3)		(0.8)
Revaluation of deferred items for new Tax Act	(1.0)		—
Other	1.8		(0.8)
	36.0	%	36.8	%

Schedule of principal temporary differences and the related deferred taxes

The principal temporary differences and their related deferred taxes are as follows (amounts in thousands):

	2017		2016
Deferred tax assets
Reserves for self-insured losses	$	328	$	579
Accrued reclamation		1,386		1,945
Unfunded supplemental profit sharing plan liability		275		351
Asset valuation reserves		293		267
Future state tax credits		863		789
Net state operating loss carryforwards		126		167
Federal AMT carryforward		620		620
Other		701		873
		4,592		5,591
Deferred tax liabilities
Depreciation		859		1,013
Deferred development		1,298		1,057
Prepaid royalties		161		1,187
Other		458		588
		2,776		3,845
Net deferred tax asset before valuation allowance		1,816		1,746
Valuation allowance
Beginning balance		(130)		(73)
(Increase) decrease during the period		(70)		(57)
Ending Balance		(200)		(130)
Net deferred tax asset	$	1,616	$	1,616