NOTE 12 - FEDERAL AND STATE INCOME TAXES (Tables)

12 Months Ended

Dec. 26, 2015

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The components of income tax expense (benefit) from continuing operations for the years ended December 26, 2015 and December 27, 2014 were as follows (dollars in thousands):

	2015			2014
Current:
Federal	$	(21	)	$	160
Foreign Tax		805			—
State		139			472
Total current		923			632
Deferred:
Federal		(8,631	)		—
State		(506	)		—
Total deferred		(9,137	)		—
Total tax provision	$	(8,214	)	$	632

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The following is a reconciliation of expected tax expense to actual expense from continuing operations for the years ended December 26, 2015 and December 27, 2014 (dollars in thousands):

	2015			2014
Federal income tax expense/(benefit) at 35% for 2015 and 2014	$	813		$	2,332
State income tax, net of federal income tax effect		(416	)		433
Nondeductible expenses		222			220
Research and development credit		(297	)		(427	)
Prior year adjustments		2,424			(1,221	)
Change in valuation allowance		(10,960	)		(705	)
Total tax provision	$	(8,214	)	$	632

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The components of the deferred tax asset (liability) consisted of the following at December 26, 2015 and December 27, 2014 (dollars in thousands):

	2015			2014
Deferred tax asset (liabilities)
Federal net operating loss carry-forward	$	4,339		$	3,944
Tax credit carryforwards		1,873			587
Allowance for uncollectible accounts		616			1,881
Accruals not yet deductible for tax purposes		1,182			2,345
Goodwill		1,122			1,573
Depreciation		64			288
Other		464			865
Deferred tax assets		9,660			11,483
Less: Valuation allowance		(523	)		(11,483	)
Deferred tax assets, net		9,137			—