BlueLinx (BXC) 10-Q 10 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 01, 2016	Nov. 10, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	BlueLinx Holdings Inc.
Entity Central Index Key	1,301,787
Trading Symbol	bxc
Current Fiscal Year Date	--01-02
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		9,031,263
Document Type	10-Q
Document Period End Date	Oct. 1, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Oct. 03, 2015	Oct. 01, 2016	Oct. 03, 2015
Income Statement [Abstract]
Net sales	$ 476,049	$ 517,831	$ 1,459,386	$ 1,488,435
Cost of sales	415,999	457,007	1,284,354	1,317,433
Gross profit	60,050	60,824	175,032	171,002
Operating expenses:
Selling, general, and administrative	49,152	49,907	157,006	150,617
Gains from sales of property	(13,940)	0	(14,701)	0
Depreciation and amortization	2,220	2,439	7,091	7,155
Total operating expenses	37,432	52,346	149,396	157,772
Operating income	22,618	8,478	25,636	13,230
Non-operating expenses (income):
Interest expense	6,105	7,115	19,562	20,358
Other (income) expense, net	(17)	263	(255)	650
Income (loss) before provision for (benefit from) income taxes	16,530	1,100	6,329	(7,778)
Provision for (benefit from) income taxes	1,522	539	609	(2,264)
Net income (loss)	$ 15,008	$ 561	$ 5,720	$ (5,514)
Basic earnings (loss) per share (in dollars per share)	$ 1.69	$ 0.06	$ 0.64	$ (0.63)
Diluted earnings (loss) per share (in dollars per share)	$ 1.68	$ 0.06	$ 0.64	$ (0.63)
Comprehensive income (loss):
Net income (loss)	$ 15,008	$ 561	$ 5,720	$ (5,514)
Other comprehensive income (loss):
Foreign currency translation, net of tax	(29)	(214)	277	(530)
Amortization of unrecognized pension loss, net of tax	340	84	787	342
Pension curtailment, net of tax	0	(1,852)	(12,185)	4,414
Total other comprehensive income (loss)	311	(1,982)	(11,121)	4,226
Comprehensive income (loss)	$ 15,319	$ (1,421)	$ (5,401)	$ (1,288)

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 01, 2016	Jan. 02, 2016
Current assets:
Cash	$ 4,704	$ 4,808
Receivables, less allowances of $3.3 million and $3.2 million, respectively	163,388	138,545
Inventories, net	207,909	226,660
Other current assets	25,176	32,011
Total current assets	401,177	402,024
Property and equipment:
Land and land improvements	35,873	40,108
Buildings	80,839	89,006
Machinery and equipment	75,240	79,173
Construction in progress	1,539	255
Property and equipment, at cost	193,491	208,542
Accumulated depreciation	(104,052)	(106,966)
Property and equipment, net	89,439	101,576
Other non-current assets	9,822	9,542
Total assets	500,438	513,142
Current liabilities:
Accounts payable	93,777	88,087
Bank overdrafts	15,554	17,287
Accrued compensation	7,581	4,165
Current maturities of long-term debt	44,909	6,611
Other current liabilities	12,728	14,023
Total current liabilities	174,549	130,173
Non-current liabilities:
Long-term debt	318,245	377,773
Pension benefit obligation	44,608	36,791
Other non-current liabilities	12,769	14,301
Total liabilities	550,171	559,038
Stockholders’ deficit:
Common Stock, $0.01 par value, Authorized - 20,000,000 shares, Issued - 9,031,263 and 8,943,846 respectively.	90	89
Additional paid-in capital	257,468	255,905
Accumulated other comprehensive loss	(45,895)	(34,774)
Accumulated stockholders’ deficit	(261,396)	(267,116)
Total stockholders’ deficit	(49,733)	(45,896)
Total liabilities and stockholders’ deficit	$ 500,438	$ 513,142

CONDENSED CONSOLIDATED BALANCE4

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Millions	Oct. 01, 2016	Jan. 02, 2016
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 3.3	$ 3.2
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	9,031,263	8,943,846

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Oct. 01, 2016	Oct. 03, 2015
Statement of Cash Flows [Abstract]
Net cash used in operating activities	$ (170)	$ (28,253)
Property and equipment investments	(511)	(1,482)
Proceeds from sale of assets	18,900	621
Net cash provided by (used in) investing activities	18,389	(861)
Cash flows from financing activities:
Repayments on revolving credit facilities	(399,283)	(293,169)
Borrowings from revolving credit facilities	401,963	346,028
Principal payments on mortgage	(26,041)	(8,903)
Decrease in bank overdrafts	(1,733)	(9,159)
Decrease in restricted cash related to the mortgage	9,118	117
Other, net	(2,347)	(3,418)
Net cash provided by (used in) financing activities	(18,323)	31,496
Increase (decrease) in cash	(104)	2,382
Cash balance, beginning of period	4,808	4,522
Cash balance, end of period	$ 4,704	$ 6,904

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Oct. 01, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements include the accounts of BlueLinx Holdings Inc. and its wholly owned subsidiaries (the “Company”). These financial statements have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and footnotes required by accounting principles generally accepted (“GAAP”) in the United States (“U.S.”) for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These statements should be read in conjunction with the Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10-K (the “Annual Report on Form 10-K”) for the year ended January 2, 2016 , as filed with the Securities and Exchange Commission. New Accounting Standards Leases. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842).” This standard will require all leases with durations greater than twelve months to be recognized on the balance sheet and is effective for interim and annual reporting periods beginning after December 15, 2018, although early adoption is permitted. Adoption of this standard may have a significant impact on our Consolidated Balance Sheets. Although we have not completed our assessment, we do not expect the adoption to change the recognition, measurement, or presentation of lease expenses within the Consolidated Statements of Operations and Cash Flows. For information about our current undiscounted future lease payments and the timing of those payments, see Note 13, “Lease Commitments,” in our Annual Report on Form 10-K for the year ended January 2, 2016 .

Employee Benefits

Employee Benefits	9 Months Ended
	Oct. 01, 2016
Compensation and Retirement Disclosure [Abstract]
Employee Benefits	Employee Benefits The following table shows the components of net periodic pension cost (in thousands): Three Months Ended Three Months Ended Service cost $ 246 $ 251 Interest cost on projected benefit obligation 1,179 1,300 Expected return on plan assets (1,561 ) (1,563 ) Amortization of unrecognized loss 340 138 Net periodic pension cost $ 204 $ 126 Nine Months Ended October 1, 2016 Nine Months Ended October 3, 2015 Service cost $ 750 $ 851 Interest cost on projected benefit obligation 3,721 3,800 Expected return on plan assets (4,663 ) (4,609 ) Amortization of unrecognized loss 787 560 Net periodic pension cost $ 595 $ 602

Operational Efficiency Initiati

Operational Efficiency Initiatives	9 Months Ended
	Oct. 01, 2016
Restructuring and Related Activities [Abstract]
Operational Efficiency Initiatives	Operational Efficiency Initiatives For the nine months ended October 1, 2016, we announced operational efficiency initiatives which resulted in severance and employee benefits charges, as further discussed below, as well as inventory initiatives that were largely completed in the second quarter of fiscal 2016. The inventory initiatives were fully completed in the third quarter of fiscal 2016, with a net $0.7 million fiscal third quarter increase to earnings more fully described below. During the second quarter of fiscal 2016, we announced the closure of four owned distribution centers, and a corresponding reduction in force of approximately 60 full-time employees. These closures and reductions in force were completed by the end of the third quarter of fiscal 2016. A $1.2 million severance and employee benefits charge was recorded in the second quarter of fiscal 2016 in “selling, general, and administrative” expenses in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss), with a corresponding liability recorded in the Condensed Consolidated Balance Sheet in “Other current liabilities” due to the initiative. In the third fiscal quarter and for the nine months ended October 1, 2016, $0.5 million of this obligation was paid. The remaining payments are expected to be paid in the fourth quarter of fiscal 2016. Furthermore, as part of the operational efficiency initiative process, we also began a stock keeping unit (“SKU”) rationalization initiative in local markets during the second quarter of fiscal 2016, resulting in the identification of certain less productive SKUs which we decided to discontinue offering. The SKU rationalization initiative was completed by the end of the third quarter of fiscal 2016. The following table describes our total adjustments as a result of both the SKU rationalization initiative and facility closures on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the third quarter and nine months ended of fiscal 2016 (in millions): Three Months Ended Nine Months Ended October 1, 2016 Cost of sales $ (2.1 ) $ 2.2 Selling, general, and administrative (1) 1.4 3.6 Total (increase) decrease to earnings $ (0.7 ) $ 5.8 (1) Includes payments for material handling and delivery.

Assets Held for Sale and Net Ga

Assets Held for Sale and Net Gain on Disposition	9 Months Ended
	Oct. 01, 2016
Discontinued Operations and Disposal Groups [Abstract]
Assets Held for Sale and Net Gain on Disposition	Assets Held for Sale and Net Gain on Disposition We have designated seven unoccupied properties as held for sale, due to strategic initiatives. At the time of designation, we ceased recognizing depreciation expense on these assets. As of October 1, 2016 , and January 2, 2016 , the net book value of total assets held for sale was $5.6 million and $2.3 million , respectively, and was included in “other current assets” in our Consolidated Balance Sheets. During the third quarter of fiscal 2016, we sold distribution facilities located in La Puente, California; Shreveport, Louisiana; Little Rock, Arkansas; and Harlingen, Texas. As a result of these transactions, we reduced the balance of the mortgage by the cash received from property sales of $16.6 million , and recognized a gain of $13.9 million . For the nine months ended October 1, 2016 , we reduced the balance of the mortgage by the cash received from property sales of $17.2 million , and recognized gains of $14.7 million . We are actively marketing all properties that are designated as held for sale.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Oct. 01, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Carrying amounts for our financial instruments are not significantly different from their fair values, with the exception of our mortgage. To determine the fair value of our mortgage, we use a discounted cash flow model. We believe the mortgage fair value valuation to be Level 2 in the fair value hierarchy, as the valuation model has inputs that are observable for substantially the full term of the liability. As of October 1, 2016 , the carrying amount and fair value of our mortgage was $142.2 million and $144.7 million , respectively. The difference between the book value and the fair value is derived from the difference between the period-end market interest rate and the stated rate of our fixed-rate mortgage. The fair value of our debt is not indicative of the amounts at which we could settle our debt.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Oct. 01, 2016
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share We calculate basic earnings per share by dividing net income by the weighted average number of common shares outstanding, excluding unvested restricted shares. We calculate diluted earnings per share by dividing net income by the weighted average number of common shares outstanding plus the dilutive effect of outstanding share-based awards, including restricted stock awards, restricted stock units, performance shares, performance units, and stock options. Antidilutive common stock equivalents excluded from the diluted earnings per share calculation are not material. The following table shows the computation of basic and diluted earnings per share (in thousands, except per share data): Three months ended Nine months ended October 1, 2016 October 3, 2015 October 1, 2016 October 3, 2015 (1) Net income (loss) $ 15,008 $ 561 $ 5,720 $ (5,514 ) Basic weighted shares outstanding 8,900 8,769 8,891 8,741 Dilutive effect of share-based awards 30 38 72 — Diluted weighted average shares outstanding 8,930 8,807 8,963 8,741 Basic earnings per share $ 1.69 $ 0.06 $ 0.64 $ (0.63 ) Diluted earnings per share $ 1.68 $ 0.06 $ 0.64 $ (0.63 ) (1) Basic and diluted earnings per share are equivalent for the nine months ended October 3, 2015 , due to net losses for the period.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Oct. 01, 2016
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Comprehensive income (loss) is a measure of income (loss) which includes both net income (loss) and other comprehensive income (loss). Other comprehensive income (loss) results from items deferred from recognition into our Consolidated Statements of Operations and Comprehensive Income (Loss). Accumulated other comprehensive loss is separately presented on our Consolidated Balance Sheets as part of common stockholders’ deficit. The changes in balances for each component of Accumulated Other Comprehensive Income (Loss) for the nine months ended October 1, 2016 , were as follows (in thousands): Foreign currency, net of tax Defined benefit pension plan, net of tax Other, net of tax Total Accumulated Other Comprehensive Loss January 2, 2016, beginning balance $ 396 $ (35,382 ) $ 212 $ (34,774 ) Other comprehensive income (loss), net of tax (1) 277 (11,398 ) — (11,121 ) October 1, 2016, ending balance, net of tax $ 673 $ (46,780 ) $ 212 $ (45,895 ) (1) For the nine months ended October 1, 2016 , there was $0.8 million of actuarial loss recognized in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) as a component of net periodic pension cost. There was no intraperiod income tax allocation and the deferred tax benefit was fully offset by a valuation allowance.

Liquidity

Liquidity	9 Months Ended
	Oct. 01, 2016
Debt Disclosure [Abstract]
Liquidity	Liquidity A portion of our debt is classified as “Current maturities of long-term debt” on our Condensed Consolidated Balance Sheet as of October 1, 2016 , since it is due within the next twelve months. These amounts consist of a remaining $42.5 million principal reduction of our mortgage, which is due by July 1, 2017 , and $2.5 million of the Tranche A Loan. We are actively engaged in marketing certain of our real estate holdings in order to meet the principal reduction date specified by our mortgage loan. As of October 1, 2016, we had outstanding borrowings of $223.2 million and excess availability of $68.9 million under the terms of the U.S. revolving credit facility. On July 26, 2016, we were notified by the New York Stock Exchange (“NYSE”) that, as of that date, we regained compliance with the NYSE’s minimum average share price continued listing standard. In the fiscal third quarter of 2016, our average share price was $8.26 , with low and high closing prices of $7.10 and $9.18 , respectively, for the period. We have maintained a market capitalization of at least $50.0 million on a daily basis since March 29, 2016. As previously disclosed in Item 1A, “Risk Factors,” of our Annual Report on Form 10-K for the year ended January 2, 2016, we have not yet regained compliance with the NYSE’s average market capitalization and stockholders’ equity continued listing standard, and so are still subject to compliance monitoring by the NYSE.

Subsequent Event

Subsequent Event	9 Months Ended
	Oct. 01, 2016
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event On November 3, 2016 , we amended and extended our U.S. revolving credit facility and Tranche A Loan, together, the “Credit Agreement”, with the Thirteenth Amendment to the Credit Agreement. This amendment extends the maturity date of the Credit Agreement to July 15, 2018 , and reduces the revolving loan limit by $15.0 million to $335.0 million . Furthermore, the amendment requires maintenance of a fixed charge coverage ratio of 1.2 to 1.0 in the event our excess availability falls below $32.5 million through March 31, 2017; and subsequently, the greater of a defined range, adjusted on a seasonal basis, of $36.0 million to $42.0 million and an amount equal to 12.5% of the lesser of (a) the sum of the borrowing base and the Tranche A Loan borrowing base or (b) the maximum credit. The Tranche A Loan limit of $16.0 million as of the end of the third quarter of fiscal 2016 shall be subject to automatic commitment reductions depending on the time of year, with the balance due and payable by July 15, 2018; provided, that all scheduled commitment reductions on or after August 1, 2017 will be subject to satisfaction of certain conditions including a minimum excess availability threshold of at least $50.0 million after giving effect to any payment required after giving effect to such reduction. If a scheduled commitment reduction is prohibited due to not satisfying those conditions, the required excess availability covenant shall be increased by the amount of any such prohibited commitment reduction. We were in compliance with all covenants under these revolving credit facilities as of October 1, 2016.

Summary of Significant Accoun15

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Oct. 01, 2016
Accounting Policies [Abstract]
New Accounting Standards	New Accounting Standards Leases. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842).” This standard will require all leases with durations greater than twelve months to be recognized on the balance sheet and is effective for interim and annual reporting periods beginning after December 15, 2018, although early adoption is permitted. Adoption of this standard may have a significant impact on our Consolidated Balance Sheets. Although we have not completed our assessment, we do not expect the adoption to change the recognition, measurement, or presentation of lease expenses within the Consolidated Statements of Operations and Cash Flows. For information about our current undiscounted future lease payments and the timing of those payments, see Note 13, “Lease Commitments,” in our Annual Report on Form 10-K for the year ended January 2, 2016 .
Earnings per Share	Earnings per Share We calculate basic earnings per share by dividing net income by the weighted average number of common shares outstanding, excluding unvested restricted shares. We calculate diluted earnings per share by dividing net income by the weighted average number of common shares outstanding plus the dilutive effect of outstanding share-based awards, including restricted stock awards, restricted stock units, performance shares, performance units, and stock options. Antidilutive common stock equivalents excluded from the diluted earnings per share calculation are not material.

Employee Benefits (Tables)

Employee Benefits (Tables)	9 Months Ended
	Oct. 01, 2016
Compensation and Retirement Disclosure [Abstract]
Schedule of net periodic pension cost for pension plans	The following table shows the components of net periodic pension cost (in thousands): Three Months Ended Three Months Ended Service cost $ 246 $ 251 Interest cost on projected benefit obligation 1,179 1,300 Expected return on plan assets (1,561 ) (1,563 ) Amortization of unrecognized loss 340 138 Net periodic pension cost $ 204 $ 126 Nine Months Ended October 1, 2016 Nine Months Ended October 3, 2015 Service cost $ 750 $ 851 Interest cost on projected benefit obligation 3,721 3,800 Expected return on plan assets (4,663 ) (4,609 ) Amortization of unrecognized loss 787 560 Net periodic pension cost $ 595 $ 602

Operational Efficiency Initia17

Operational Efficiency Initiatives (Tables)	9 Months Ended
	Oct. 01, 2016
Restructuring and Related Activities [Abstract]
Operational Efficiency Initiatives	The following table describes our total adjustments as a result of both the SKU rationalization initiative and facility closures on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the third quarter and nine months ended of fiscal 2016 (in millions): Three Months Ended Nine Months Ended October 1, 2016 Cost of sales $ (2.1 ) $ 2.2 Selling, general, and administrative (1) 1.4 3.6 Total (increase) decrease to earnings $ (0.7 ) $ 5.8 (1) Includes payments for material handling and delivery.

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Oct. 01, 2016
Earnings Per Share [Abstract]
Earnings per Share	The following table shows the computation of basic and diluted earnings per share (in thousands, except per share data): Three months ended Nine months ended October 1, 2016 October 3, 2015 October 1, 2016 October 3, 2015 (1) Net income (loss) $ 15,008 $ 561 $ 5,720 $ (5,514 ) Basic weighted shares outstanding 8,900 8,769 8,891 8,741 Dilutive effect of share-based awards 30 38 72 — Diluted weighted average shares outstanding 8,930 8,807 8,963 8,741 Basic earnings per share $ 1.69 $ 0.06 $ 0.64 $ (0.63 ) Diluted earnings per share $ 1.68 $ 0.06 $ 0.64 $ (0.63 ) (1) Basic and diluted earnings per share are equivalent for the nine months ended October 3, 2015 , due to net losses for the period.

Accumulated Other Comprehensi19

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Oct. 01, 2016
Equity [Abstract]
Schedule of changes in accumulated balances for each component of other comprehensive income (loss)	The changes in balances for each component of Accumulated Other Comprehensive Income (Loss) for the nine months ended October 1, 2016 , were as follows (in thousands): Foreign currency, net of tax Defined benefit pension plan, net of tax Other, net of tax Total Accumulated Other Comprehensive Loss January 2, 2016, beginning balance $ 396 $ (35,382 ) $ 212 $ (34,774 ) Other comprehensive income (loss), net of tax (1) 277 (11,398 ) — (11,121 ) October 1, 2016, ending balance, net of tax $ 673 $ (46,780 ) $ 212 $ (45,895 ) (1) For the nine months ended October 1, 2016 , there was $0.8 million of actuarial loss recognized in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) as a component of net periodic pension cost. There was no intraperiod income tax allocation and the deferred tax benefit was fully offset by a valuation allowance.

Employee Benefits (Details)

Employee Benefits (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Oct. 03, 2015	Oct. 01, 2016	Oct. 03, 2015
Compensation and Retirement Disclosure [Abstract]
Service cost	$ 246	$ 251	$ 750	$ 851
Interest cost on projected benefit obligation	1,179	1,300	3,721	3,800
Expected return on plan assets	(1,561)	(1,563)	(4,663)	(4,609)
Amortization of unrecognized loss	340	138	787	560
Net periodic pension cost	$ 204	$ 126	$ 595	$ 602

Operational Efficiency Initia21

Operational Efficiency Initiatives (Details) - Operational Efficiency Initiatives $ in Millions	3 Months Ended		9 Months Ended
	Oct. 01, 2016USD ($)	Jul. 02, 2016USD ($)distribution_centerposition	Oct. 01, 2016USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ (0.7)		$ 5.8
Facility Closing
Restructuring Cost and Reserve [Line Items]
Number of distribution centers to be closed or sold | distribution_center		4
Number of positions eliminated | position		60
Payments for Restructuring	0.5		0.5
Cost of sales
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	(2.1)		2.2
Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 1.4		$ 3.6
Selling, general and administrative expenses | Facility Closing
Restructuring Cost and Reserve [Line Items]
Severance Costs		$ 1.2
Other Current Liabilities | Facility Closing
Restructuring Cost and Reserve [Line Items]
Severance Costs		$ 1.2

Assets Held for Sale and Net 22

Assets Held for Sale and Net Gain on Disposition (Details) $ in Thousands	3 Months Ended			9 Months Ended
	Oct. 01, 2016USD ($)property	Jul. 02, 2016USD ($)	Oct. 03, 2015USD ($)	Oct. 01, 2016USD ($)property	Oct. 03, 2015USD ($)	Jan. 02, 2016USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties held for sale | property	7			7
Proceeds from sale of facility				$ 18,900	$ 621
Gain disposition of property plant equipment	$ 13,940		$ 0	14,701	$ 0
Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, including discontinued operation, assets, current	$ 5,600			5,600
Total Assets Held For Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, including discontinued operation, assets, current						$ 2,300
Assets Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of facility		$ 16,600		17,200
Gain disposition of property plant equipment		$ 13,900		$ 14,700

Fair Value Measurements (Detail

Fair Value Measurements (Details) $ in Millions	Oct. 01, 2016USD ($)
Reported Value Measurement
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage, fair value disclosure	$ 142.2
Fair Value, Inputs, Level 2 | Estimate of Fair Value Measurement
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage, fair value disclosure	$ 144.7

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Oct. 03, 2015	Oct. 01, 2016	Oct. 03, 2015
Earnings Per Share [Abstract]
Net income (loss)	$ 15,008	$ 561	$ 5,720	$ (5,514)
Basic weighted shares outstanding (in shares)	8,900	8,769	8,891	8,741
Dilutive effect of share-based awards (in shares)	30	38	72	0
Diluted weighted average shares outstanding (in shares)	8,930	8,807	8,963	8,741
Basic earnings per share (in dollars per share)	$ 1.69	$ 0.06	$ 0.64	$ (0.63)
Diluted earnings per share (in dollars per share)	$ 1.68	$ 0.06	$ 0.64	$ (0.63)

Accumulated Other Comprehensi25

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Oct. 03, 2015	Oct. 01, 2016	Oct. 03, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			$ (45,896)
Other comprehensive income, net of tax	$ 311	$ (1,982)	(11,121)	$ 4,226
Ending balance, net of tax	(49,733)		(49,733)
Pension curtailment, net of tax	0	$ (1,852)	(12,185)	$ 4,414
Foreign currency, net of tax
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			396
Other comprehensive income, net of tax			277
Ending balance, net of tax	673		673
Defined benefit pension plan, net of tax
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			(35,382)
Other comprehensive income, net of tax			(11,398)
Ending balance, net of tax	(46,780)		(46,780)
Other, net of tax
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			212
Other comprehensive income, net of tax			0
Ending balance, net of tax	212		212
Total Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			(34,774)
Other comprehensive income, net of tax			(11,121)
Ending balance, net of tax	$ (45,895)		(45,895)
Defined benefit pension plans adjustment, net gain (loss), net of tax
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Reclassification of actuarial loss			$ 800

Liquidity (Details)

Liquidity (Details) - USD ($)	3 Months Ended	6 Months Ended
	Oct. 01, 2016	Oct. 01, 2016	Jan. 02, 2016
Debt Instrument [Line Items]
Current maturities of long-term debt	$ 44,909,000	$ 44,909,000	$ 6,611,000
Long-term line of credit facility	223,200,000	223,200,000
Line of credit facility, remaining borrowing capacity	$ 68,900,000	68,900,000
Average share price during period (in dollars per share)	$ 8.26
Lowest share price during period (in dollars per share)	7.10
Highest share price during period (in dollars per share)	$ 9.18
Daily market capitalization minimum		50,000,000
Mortgages
Debt Instrument [Line Items]
Current maturities of long-term debt	$ 42,500,000	42,500,000
Tranche A Loan
Debt Instrument [Line Items]
Current maturities of long-term debt	$ 2,500,000	$ 2,500,000

Subsequent Event (Details)

Subsequent Event (Details) - Subsequent Event	Nov. 03, 2016USD ($)
Domestic Line of Credit
Subsequent Event [Line Items]
Line of credit facility, decrease to borrowing capacity	$ 15,000,000
Line of credit facility, maximum borrowing capacity	$ 335,000,000
Line of credit facility, covenant restriction, coverage ratio, fixed amount	1.20%
Line of credit facility, minimum remaining borrowing capacity level before covered ratio is applicable	$ 32,500,000
Line of credit facility, minimum remaining borrowing capacity level before covered ration is applicable while concurrent debt is outstanding	36,000,000
Line of credit facility, maximum remaining borrowing capacity level before covered ration is applicable while concurrent debt is outstanding	$ 42,000,000
Line of credit facility, minimum percentage of maximum borrowing capacity or alternative base, before covered ratio is applicable	12.50%
Line of credit facility, excess availability threshold amount	$ 50,000,000
Tranche A Loan | Line of Credit
Subsequent Event [Line Items]
Debt instrument, face amount	$ 16,000,000