Income Taxes (Tables)
|
12 Months Ended |
Jan. 03, 2021 |
|---|
| Income Tax Disclosure [Abstract] |
|
| Summary of Components of Income Tax Expense |
The Company recorded the following income tax expense for the years ended January 3, 2021:
|
|
|
Year ended
January 3,
2021
|
|
|
Year ended
December 29,
2019
|
|
|
Year ended
December 30,
2018
|
|
|
Current:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal/State
|
|
$
|
144
|
|
|
$
|
(39
|
)
|
|
$
|
102
|
|
|
Foreign
|
|
|
1,111
|
|
|
|
987
|
|
|
|
650
|
|
|
|
|
|
1,255
|
|
|
|
948
|
|
|
|
752
|
|
|
Deferred:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
Foreign
|
|
|
(29
|
)
|
|
|
(160
|
)
|
|
|
(75
|
)
|
|
|
|
|
(29
|
)
|
|
|
(160
|
)
|
|
|
(75
|
)
|
|
Income tax expense
|
|
$
|
1,226
|
|
|
$
|
788
|
|
|
$
|
677
|
|
|
| Summary of Income Tax Rate Reconciliation |
The overall income tax expense as recorded in the consolidated statements of operations varied from the tax expense calculated using U.S. federal and state income tax rates as follows for the years ended January 3, 2021:
|
|
|
Year ended
January 3,
2021
|
|
|
Year ended
December 29,
2019
|
|
|
Year ended
December 30,
2018
|
|
|
Federal income tax expense (recovery)
|
|
$
|
135
|
|
|
$
|
(1,093
|
)
|
|
$
|
48
|
|
|
State income tax expense (recovery), net of federal
tax benefit
|
|
|
342
|
|
|
|
199
|
|
|
|
24
|
|
|
Change in income tax rates due to tax reform
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
Loss (income) of foreign subsidiaries taxed at
different rates
|
|
|
445
|
|
|
|
14
|
|
|
|
586
|
|
|
Change in valuation allowance
|
|
|
(2,401
|
)
|
|
|
3,249
|
|
|
|
(61
|
)
|
|
Foreign tax credit
|
|
|
0
|
|
|
|
113
|
|
|
|
869
|
|
|
Reassessment of losses by tax authority
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
Deemed income inclusion of foreign subsidiary
|
|
|
—
|
|
|
|
203
|
|
|
|
170
|
|
|
Expiry of operating loss carry forwards
|
|
|
675
|
|
|
|
19
|
|
|
|
226
|
|
|
Permanent and other differences
|
|
|
2,030
|
|
|
|
(1,916
|
)
|
|
|
(1,185
|
)
|
|
Income tax expense
|
|
$
|
1,226
|
|
|
$
|
788
|
|
|
$
|
677
|
|
|
| Schedule of Income (Loss) Before Income Taxes |
For income tax purposes, income (loss) before income taxes consisted of the following for the years ended January 3, 2021:
|
|
|
Year ended
January 3,
2021
|
|
|
Year ended
December 29,
2019
|
|
|
Year ended
December 30,
2018
|
|
|
Domestic (U.S.)
|
|
$
|
(4,773
|
)
|
|
$
|
(1,969
|
)
|
|
$
|
1,569
|
|
|
Foreign (Non U.S.)
|
|
|
5,418
|
|
|
|
(3,238
|
)
|
|
|
(1,340
|
)
|
|
|
|
$
|
645
|
|
|
$
|
(5,207
|
)
|
|
$
|
229
|
|
|
| Summary of Deferred Income Tax Liabilities and Assets |
The Company’s deferred income tax liabilities and assets are comprised of the following at:
|
|
|
January 3,
2021
|
|
|
December 29,
2019
|
|
|
Deferred income tax assets - net:
|
|
|
|
|
|
|
|
|
|
Net operating loss carryforwards
|
|
$
|
19,520
|
|
|
$
|
19,646
|
|
|
Interest deduction carry forwards
|
|
|
1,437
|
|
|
|
2,907
|
|
|
Capital loss carryforwards
|
|
|
3,563
|
|
|
|
3,563
|
|
|
Tax credit carryforwards
|
|
|
4,143
|
|
|
|
4,310
|
|
|
Property, plant and equipment and other assets
|
|
|
(3,453
|
)
|
|
|
(3,981
|
)
|
|
Reserves, allowances and accruals
|
|
|
3,464
|
|
|
|
4,314
|
|
|
Other
|
|
|
968
|
|
|
|
1,255
|
|
|
|
|
|
29,642
|
|
|
|
32,014
|
|
|
Valuation allowance
|
|
|
(29,073
|
)
|
|
|
(31,474
|
)
|
|
Net deferred income tax assets
|
|
$
|
569
|
|
|
$
|
540
|
|
|