Note 16 - Restatement

3 Months Ended

Mar. 30, 2013

Accounting Changes and Error Corrections [Abstract]

Accounting Changes and Error Corrections [Text Block]

16. Restatement

The restatement is to correct an error in the previously-filed interim financial statements and has the effect of both increasing the company’s reported income tax expense and reducing the company’s reported net income, for the three months ended March 30, 2013, by $3.3 million. The restatement relates to a tax deduction previously recorded in error related to the company’s investment in Shocking Technologies, Inc. 

The following table presents previously reported and restated balances of affected line items in the Condensed Consolidated Balance Sheets as of March 30, 2013, Consolidated Statements of Income for the three months ended March 30, 2013, Consolidated Statements of Comprehensive Income for the three months ended March 30, 2013 and Consolidated Statements of Cash Flows for the three months ended March 30, 2013.

(In thousands)	For the Three months Ended March 30, 2013
	As Reported			Adjustment			As Restated
Consolidated Balance Sheets:
Accrued income taxes	$	8,196		$	3,306		$	11,502
Total current liabilities		155,631			3,306			158,937
Total equity		600,671			(3,306	)		597,365
Consolidated Statements of Income:
Income taxes	$	3,178		$	3,306		$	6,484
Net income		14,794			(3,306	)		11,488
Net income per share:
Basic	$	0.67		$	(0.15	)	$	0.52
Diluted	$	0.66		$	(0.15	)	$	0.51
Consolidated Statements of Comprehensive Income:
Net income	$	14,794		$	(3,306	)	$	11,488
Comprehensive income		10,968			(3,306	)		7,662
Consolidated Statements of Cash Flows:
Net income	$	14,794		$	(3,306	)	$	11,488
Accrued taxes		(3,946	)		3,306			(640	)