INCOME TAXES (Tables)

12 Months Ended

Dec. 30, 2012

Income Tax Disclosure [Abstract]

Summary of components of income tax expense

Income tax expense consists of the following:

	2012		2011			2010
Current:
Federal	$	—	$	—		$	192
Foreign	413		629			111
State and local	68		(264		)	640
	$	481	$	365		$	943
Deferred:
Federal	$	—	$	75,068		$	4,367
Foreign	53		(104		)	—
State and local	—		16,366			588
	$	53	$	91,330		$	4,955
Total	$	534	$	91,695		$	5,898

Summary of consolidated pretax (loss) income

Consolidated pretax (loss) income is comprised of the following sources:

	2012			2011			2010
U.S. pretax (loss) income	$	(29,326	)	$	(35,538	)	$	12,586
Non-U.S. pretax income	1,384			1,800			1,110
Total	$	(27,942	)	$	(33,738	)	$	13,696

Summary deferred tax assets and liabilities

The components of the net current deferred tax liability and net long-term deferred tax asset consist of the following:

	December 30, 2012			January 1, 2012
Current deferred tax:
Allowance for doubtful accounts	$	886		$	1,162
Inventories	(4,031		)	(6,620		)
Compensation and benefits	4,375			5,824
Other	3,404			4,909
Total current tax asset	4,634			5,275
Less: valuation allowance	(6,343		)	(8,162		)
Net current deferred tax liability	$	(1,709	)	$	(2,887	)
Long-term deferred tax:
Depreciation	$	(1,524	)	$	(4,268	)
Goodwill and intangible assets	550			2,475
Pension	97,755			91,177
Capital loss carryforwards	20,575			14,536
Net operating loss carryforward	33,859			29,875
Federal tax credit	1,600			1,600
Other	6,238			6,184
Total long-term tax asset	159,053			141,579
Less: valuation allowance	(136,288		)	(117,583		)
Net long-term deferred tax asset	$	22,765		$	23,996
Net deferred tax asset	$	21,056		$	21,109

Summary of the statutory federal income tax rate and effective tax rate

The reconciliation of the statutory federal income tax rate and the effective tax rate follows:

	2012		2011		2010
Statutory federal income tax rate	35.0	%	35.0	%	35.0	%
State and local income taxes	(0.6	)	4.8		5.8
Change in cash surrender value	0.4		(0.6	)	(1.2	)
Meals and entertainment	(0.4	)	(0.6	)	1.2
Change in unrecognized tax benefits	0.6		1.2		1.4
Adjustment to prior year tax accruals	0.1		(0.2	)	2.1
Foreign statutory rate differential	0.2		0.3		—
Rate adjustment to deferred taxes	—		(2.1	)	—
Deficiencies on equity awards	(2.4	)	(0.4	)	0.7
Valuation allowance	(34.7	)	(309.3	)	(2.0	)
Permanent and other items	(0.1	)	0.1		0.1
Effective tax rate	(1.9	)%	(271.8	)%	43.1	%

Summary of unrecognized tax benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	2012			2011			2010
Balance at beginning of year	$	1,375		$	1,912		$	1,755
Adjustments for tax positions of current year	490			—			—
Adjustments for tax positions of prior years	—			—			157
Reductions from lapse of applicable statute of limitations	(236		)	(486		)	—
Settlements	—			(51		)	—
Balance at end of year	$	1,629		$	1,375		$	1,912