Note 17 - Retirement Plans

12 Months Ended

Jan. 02, 2016

Notes to Financial Statements

Pension and Other Postretirement Benefits Disclosure [Text Block]

1 7 . RETIREMENT PLANS

Profit Sharing Plan

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The Company maintains a 401(k) profit sharing plan for the benefit of eligible employees in the United States and other similar plans in Canada and Puerto Rico (the “Retirement Plans”). The 401(k) plan includes a cash or deferred arrangement pursuant to Section 401(k) of the Internal Revenue Code sponsored by the Company to provide eligible employees an opportunity to defer compensation and have such deferred amounts contributed to the 401(k) plan on a pre-tax basis, subject to certain limitations. The Company, at the discretion of the Board of Directors, may make contributions of cash to match deferrals of compensation by participants in the Retirement Plans. Contributions to the Retirement Plans charged to operations by the Company for the fiscal years ended January 2, 2016 and January 3, 2015 were $587 and $569, respectively.