Annual report pursuant to Section 13 and 15(d)

Note 2 - Significant Accounting Policies (Details) - Revisions to the Previously Issued and Audited Consolidated Balance Sheet

v2.4.1.9
Note 2 - Significant Accounting Policies (Details) - Revisions to the Previously Issued and Audited Consolidated Balance Sheet (USD $)
In Thousands, unless otherwise specified
Dec. 28, 2014
Dec. 29, 2013
Current portion of deferred income taxes (1)   $ 695us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent [1]
Total current assets 70,983us-gaap_AssetsCurrent 73,691us-gaap_AssetsCurrent
Property, plant and equipment (2) 17,590us-gaap_PropertyPlantAndEquipmentNet 18,044us-gaap_PropertyPlantAndEquipmentNet [2]
Total assets 88,663us-gaap_Assets 92,828us-gaap_Assets
Accrued liabilities (3) 7,080us-gaap_AccruedLiabilitiesCurrent 6,314us-gaap_AccruedLiabilitiesCurrent [3]
Derivative liability (4) 2,703us-gaap_DerivativeLiabilitiesCurrent 881us-gaap_DerivativeLiabilitiesCurrent [4]
Total current liabilities 62,007us-gaap_LiabilitiesCurrent 62,905us-gaap_LiabilitiesCurrent
Shareholders’ equity – deficit (5) (238,596)us-gaap_RetainedEarningsAccumulatedDeficit (234,718)us-gaap_RetainedEarningsAccumulatedDeficit [5]
Total liabilities and shareholders’ equity (deficit) 88,663us-gaap_LiabilitiesAndStockholdersEquity 92,828us-gaap_LiabilitiesAndStockholdersEquity
Scenario, Previously Reported [Member]    
Current portion of deferred income taxes (1)   1,486us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_ScenarioPreviouslyReportedMember 		[1]
Total current assets   74,482us-gaap_AssetsCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_ScenarioPreviouslyReportedMember
Property, plant and equipment (2)   18,219us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementScenarioAxis
= us-gaap_ScenarioPreviouslyReportedMember 		[2]
Total assets   93,794us-gaap_Assets
/ us-gaap_StatementScenarioAxis
= us-gaap_ScenarioPreviouslyReportedMember
Accrued liabilities (3)   6,443us-gaap_AccruedLiabilitiesCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_ScenarioPreviouslyReportedMember 		[3]
Derivative liability (4)      [4]
Total current liabilities   62,153us-gaap_LiabilitiesCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_ScenarioPreviouslyReportedMember
Shareholders’ equity – deficit (5)   (233,000)us-gaap_RetainedEarningsAccumulatedDeficit
/ us-gaap_StatementScenarioAxis
= us-gaap_ScenarioPreviouslyReportedMember 		[5]
Total liabilities and shareholders’ equity (deficit)   93,794us-gaap_LiabilitiesAndStockholdersEquity
/ us-gaap_StatementScenarioAxis
= us-gaap_ScenarioPreviouslyReportedMember
Restatement Adjustment [Member]    
Current portion of deferred income taxes (1)   (791)us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_RestatementAdjustmentMember 		[1]
Total current assets   (791)us-gaap_AssetsCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_RestatementAdjustmentMember
Property, plant and equipment (2)   (175)us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementScenarioAxis
= us-gaap_RestatementAdjustmentMember 		[2]
Total assets   (966)us-gaap_Assets
/ us-gaap_StatementScenarioAxis
= us-gaap_RestatementAdjustmentMember
Accrued liabilities (3) (129)us-gaap_AccruedLiabilitiesCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_RestatementAdjustmentMember 		(129)us-gaap_AccruedLiabilitiesCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_RestatementAdjustmentMember 		[3]
Derivative liability (4)   881us-gaap_DerivativeLiabilitiesCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_RestatementAdjustmentMember 		[4]
Total current liabilities   752us-gaap_LiabilitiesCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_RestatementAdjustmentMember
Shareholders’ equity – deficit (5)   (1,718)us-gaap_RetainedEarningsAccumulatedDeficit
/ us-gaap_StatementScenarioAxis
= us-gaap_RestatementAdjustmentMember 		[5]
Total liabilities and shareholders’ equity (deficit)   $ (966)us-gaap_LiabilitiesAndStockholdersEquity
/ us-gaap_StatementScenarioAxis
= us-gaap_RestatementAdjustmentMember
[1] The net decrease to the deferred tax asset ("DTA") as at December 29, 2013 due to prior period errors is $791, resulting in an adjusted DTA of $695 compared to the previously filed amount of $1,486.
[2] The property, plant and equipment balance is adjusted to $18,044, representing a $175 reduction resulting from an understatement of the amortization expense previously filed in fiscal 2013 and fiscal 2012 of $102 and $73, respectively.
[3] The net decrease of $129 resulted from a reclassification of $476 pertaining to the derivative liability previously included in accrued liabilities. This was offset by the increase of $347 related to the recognition of the seniority premium for employee benefit obligations in Mexico.
[4] The derivative liability included $476 previously included in accrued liabilities in addition to the cumulative charge of $405 pertaining to the change in the valuation method of the mark to market charge related to outstanding forward exchange contracts.
[5] The net impact of the revision adjustments to the deficit and shareholders' equity as of December 30, 2012 and January 2, 2012 was $663 and $487, respectively.