Note 2 - Reclassifications and Adjustments

9 Months Ended

Sep. 28, 2013

Disclosure Text Block [Abstract]

Reclassifications [Text Block]

2. Reclassifications and Adjustments

As disclosed in the Annual Report on Form 10-K for the year ended December 29, 2012, the company determined that in late-November 2012 it began to exercise significant influence over Shocking Technologies (“Shocking”). Accordingly, the company began accounting for the investment in Shocking using the equity method and in accordance with ASC 323, retroactively recorded its proportional share of Shocking's operating losses, which amounted to approximately $4.0 million in 2012. See Note 6 for additional information related to Shocking.

As a result of this retroactive application of the equity method, certain items in the company’s interim results reported on their 2012 Forms 10-Q have been retrospectively restated, as shown in the following tables (in thousands except for per share amounts):

	For the Three Months ended September 29, 2012							For the Nine Months ended September 29, 2012
Consolidated Statements of Net Income and       Comprehensive Income	As Previously Reported		Adjustment			As Adjusted		As Previously Reported		Adjustment			As Adjusted
Impairment and equity in net loss of       unconsolidated affiliate	$	—	$	1,965		$	1,965	$	—	$	3,523		$	3,523
Income before income taxes		30,993		(1,965	)		29,028		88,725		(3,523	)		85,202
Income taxes		6,995		(745	)		6,250		23,234		(1,336	)		21,898
Net income		23,998		(1,220	)		22,778		65,491		(2,187	)		63,304
Basic Earnings per share	$	1.09	$	(0.05	)	$	1.04	$	3.00	$	(0.10	)	$	2.90
Diluted Earnings per share	$	1.08	$	(0.05	)	$	1.03	$	2.96	$	(0.09	)	$	2.87
Comprehensive income	$	34,320	$	(1,220	)	$	33,100	$	76,674	$	(2,187	)	$	74,487

	For the Nine Months ended September 29, 2012
Consolidated Statements of Cash Flows	As Previously Reported		Adjustment			As Adjusted
Net income	$	65,491	$	(2,187	)	$	63,304
Impairment and equity in net loss of unconsolidated affiliate		—		3,523			3,523
Accrued taxes		479		(1,336	)		(857	)