Note 2 - Reclassifications and Restatement

3 Months Ended

Mar. 30, 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:

	March 31, 2012
Consolidated Statements of Net Income and Comprehensive Income	As Previously Reported		Adjustment			As Adjusted
Impairment and equity in net loss of unconsolidated affiliate	$	—	$	525		$	525
Income before income taxes		25,300		(525	)		24,775
Income taxes		7,411		(199	)		7,212
Net income		17,889		(326	)		17,563
Basic Earnings per share	$	0.83	$	(0.02	)	$	0.81
Diluted Earnings per share	$	0.81	$	(0.01	)	$	0.80
Comprehensive income	$	27,031	$	(326	)	$	26,705

	March 31, 2012
Consolidated Statements of Cash Flows	As Previously Reported		Adjustment			As Adjusted
Net income	$	17,889	$	(326	)	$	17,563
Impairment and equity in net loss of unconsolidated affiliate		—		525			525
Accrued taxes		1,474		(199	)		1,275