Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Dec. 22, 2013 | Mar. 03, 2014 | Jun. 23, 2013 |
Document And Entity Information [Abstract] | ' | ' | ' |
Document Type | '10-K | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 22-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Entity Registrant Name | 'HORIZON LINES, INC. | ' | ' |
Entity Central Index Key | '0001302707 | ' | ' |
Current Fiscal Year End Date | '--12-22 | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Filer Category | 'Smaller Reporting Company | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 38,924,441 | ' |
Entity Public Float | ' | ' | $3.90 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 22, 2013 | Dec. 23, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash | $5,236 | $27,839 |
Accounts receivable, net of allowance | 100,460 | 99,685 |
Materials and supplies | 23,369 | 29,521 |
Deferred tax asset | 1,140 | 4,626 |
Other current assets | 8,915 | 8,563 |
Total current assets | 139,120 | 170,234 |
Property and equipment, net | 226,838 | 160,050 |
Goodwill | 198,793 | 198,793 |
Intangible assets, net | 35,154 | 48,573 |
Other long-term assets | 24,702 | 23,584 |
Total assets | 624,607 | 601,234 |
Current liabilities: | ' | ' |
Accounts payable | 49,897 | 46,584 |
Current portion of long-term debt, including capital lease | 11,473 | 3,608 |
Accrued vessel rent | ' | 4,902 |
Other accrued liabilities | 77,406 | 87,358 |
Total current liabilities | 138,776 | 142,452 |
Long-term debt, including capital lease, net of current portion | 504,845 | 434,222 |
Deferred rent | ' | 9,081 |
Deferred tax liability | 1,391 | 4,662 |
Other long-term liabilities | 23,387 | 27,559 |
Total liabilities | 668,399 | 617,976 |
Commitments and contingencies | ' | ' |
Stockholders' deficiency: | ' | ' |
Preferred stock, $.01 par value, 30,500 authorized; no shares issued or outstanding | ' | ' |
Common stock, $.01 par value, 150,000 shares authorized, 38,885 shares issued and outstanding at December 22, 2013 and 100,000 shares authorized, 34,434 shares issued and outstanding as of December 23, 2012 | 999 | 954 |
Additional paid in capital | 384,073 | 381,445 |
Accumulated deficit | -429,891 | -397,958 |
Accumulated other comprehensive income (loss) | 1,027 | -1,183 |
Total stockholders' deficiency | -43,792 | -16,742 |
Total liabilities and stockholders' deficiency | $624,607 | $601,234 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 22, 2013 | Dec. 23, 2012 |
In Thousands, except Per Share data, unless otherwise specified | ||
Statement Of Financial Position [Abstract] | ' | ' |
Preferred stock, par value | $0.01 | $0.01 |
Preferred stock, shares authorized | 30,500 | 30,500 |
Preferred stock, shares issued | ' | ' |
Preferred stock, shares outstanding | ' | ' |
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 150,000 | 100,000 |
Common stock, shares issued | 38,885 | 34,434 |
Common stock, shares outstanding | 38,885 | 34,434 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 |
Income Statement [Abstract] | ' | ' | ' |
Operating revenue | $1,033,310 | $1,073,722 | $1,026,164 |
Operating expense: | ' | ' | ' |
Cost of services (excluding depreciation expense) | 866,120 | 932,578 | 870,029 |
Depreciation and amortization | 36,850 | 38,774 | 42,883 |
Amortization of vessel dry-docking | 14,701 | 13,904 | 15,376 |
Selling, general and administrative | 76,709 | 79,710 | 82,125 |
Restructuring charge | 6,324 | 4,340 | ' |
Impairment charge | 3,295 | 386 | 2,997 |
Goodwill impairment | ' | ' | 115,356 |
Legal settlements | 1,387 | ' | -5,483 |
Miscellaneous (income) expense | -3,453 | -222 | 737 |
Total operating expense | 1,001,933 | 1,069,470 | 1,124,020 |
Operating income (loss) | 31,377 | 4,252 | -97,856 |
Other expense (income): | ' | ' | ' |
Interest expense, net | 66,916 | 62,888 | 55,677 |
(Gain) loss on modification/conversion of debt | -5 | 36,615 | -16,017 |
Gain on change in value of debt conversion features | -271 | -19,405 | -84,480 |
Other expense, net | 16 | 39 | 32 |
Loss from continuing operations before income taxes | -35,279 | -75,885 | -53,068 |
Income tax (benefit) expense | -1,925 | -1,482 | 126 |
Net loss from continuing operations | -33,354 | -74,403 | -53,194 |
Net income (loss) from discontinued operations | 1,421 | -20,295 | -176,223 |
Net (loss) income | ($31,933) | ($94,698) | ($229,417) |
Basic and diluted net (loss) income per share: | ' | ' | ' |
Continuing operations | ($0.91) | ($3.26) | ($36.33) |
Discontinued operations | $0.04 | ($0.89) | ($120.37) |
Basic and diluted net loss per share | ($0.87) | ($4.15) | ($156.70) |
Number of weighted average shares used in calculations: | ' | ' | ' |
Basic | 36,498 | 22,794 | 1,464 |
Diluted | 36,498 | 22,794 | 1,464 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Loss (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 |
Net loss | ($31,933) | ($94,698) | ($229,417) |
Other comprehensive income (loss) | ' | ' | ' |
Unrecognized actuarial (losses) gains, net of tax | 1,831 | -3,043 | 1,241 |
Amortization of pension and post-retirement benefit transition obligation, net of tax | 379 | 514 | 472 |
Change in fair value of interest rate swap, net of tax | ' | ' | 1,458 |
Other comprehensive income (loss) | 2,210 | -3,255 | 3,510 |
Comprehensive loss | -29,723 | -97,953 | -225,907 |
Interest Rate Swap [Member] | ' | ' | ' |
Other comprehensive income (loss) | ' | ' | ' |
Unwind of interest rate swap | ' | ($726) | $339 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 |
Cash flows from operating activities: | ' | ' | ' |
Net loss from continuing operations | ($33,354) | ($74,403) | ($53,194) |
Adjustments to reconcile net loss from continuing operations to net cash provided by (used in) operating activities: | ' | ' | ' |
Depreciation | 24,781 | 21,295 | 22,566 |
Amortization of intangibles | 12,069 | 17,479 | 20,317 |
Amortization of vessel dry-docking | 14,701 | 13,904 | 15,376 |
Goodwill impairment | ' | ' | 115,356 |
Impairment charge | 3,295 | 386 | 2,997 |
Restructuring charge | 6,324 | 4,340 | ' |
Legal settlements | 1,387 | ' | -5,483 |
Gain on change in value of conversion features | -271 | -19,405 | -84,480 |
Amortization of deferred financing costs | 3,259 | 2,615 | 3,955 |
Deferred income taxes | -1,922 | -112 | 162 |
Gain on equipment disposals | -3,604 | -832 | -935 |
(Gain) loss on modification/conversion of debt | -5 | 36,615 | -16,017 |
Payment-in-kind interest expense | 25,587 | 20,493 | ' |
Accretion of interest on debt | 1,032 | 3,996 | 11,972 |
Accretion of interest on legal settlements | 996 | 1,971 | 810 |
Other non-cash interest accretion | 378 | ' | ' |
Stock-based compensation | 2,895 | 2,169 | 758 |
Changes in operating assets and liabilities: | ' | ' | ' |
Accounts receivable, net | -775 | 6,200 | -11,417 |
Materials and supplies | 5,865 | -1,508 | -4,084 |
Other current assets | -493 | -1,233 | 3,148 |
Accounts payable | 3,314 | 14,900 | -7,826 |
Accrued liabilities | -9,277 | -2,800 | -6,355 |
Vessel rent | -777 | -13,223 | 5,482 |
Vessel dry-docking payments | -17,123 | -18,802 | -12,547 |
Legal settlement payments | -6,500 | -5,500 | -8,518 |
Other assets/liabilities | 61 | -222 | -3,495 |
Net cash provided by (used in) operating activities from continuing operations | 31,843 | 8,323 | -11,452 |
Net cash provided by (used in) operating activities from discontinued operations | 1,806 | -25,711 | -50,588 |
Cash flows from investing activities: | ' | ' | ' |
Purchases of equipment | -113,846 | -14,823 | -15,111 |
Proceeds from sale of equipment | 15,739 | 3,407 | 2,274 |
Net cash used in investing activities from continuing operations | -98,107 | -11,416 | -12,837 |
Net cash provided by (used in) investing activities from discontinued operations | ' | 6,000 | -705 |
Cash flows from financing activities: | ' | ' | ' |
Issuance of debt | 95,000 | ' | ' |
Borrowing under revolving credit facility | 34,300 | 42,500 | 104,500 |
Payments on revolving credit facility | -76,800 | ' | -204,500 |
Payments of long-term debt | -2,250 | -4,484 | -93,750 |
Payment of financing costs | -5,711 | -6,406 | -35,644 |
Payments on capital lease obligations | -2,684 | -2,114 | -1,628 |
Proceeds from issuance of First Lien Notes | ' | ' | 225,000 |
Proceeds from issuance of Second Lien Notes | ' | ' | 100,000 |
Net cash provided by financing activities | 41,855 | 29,496 | 93,978 |
Net change in cash from continuing operations | -24,409 | 26,403 | 69,689 |
Net change in cash from discontinued operations | 1,806 | -19,711 | -51,293 |
Net change in cash | -22,603 | 6,692 | 18,396 |
Cash at beginning of year | 27,839 | 21,147 | 2,751 |
Cash at end of year | $5,236 | $27,839 | $21,147 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Stockholders' Equity (Deficiency) (USD $) | Total | Common Stock [Member] | Treasury Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Deficit [Member] | Accumulated Other Comprehensive (Loss) Income [Member] |
In Thousands | ||||||
Stockholders' equity, Beginning Balance at Dec. 26, 2010 | $39,792 | $345 | ($78,538) | $193,266 | ($73,843) | ($1,438) |
Stockholders' equity, Beginning Balance, Shares at Dec. 26, 2010 | ' | 1,230 | ' | ' | ' | ' |
Vesting of restricted stock | -26 | ' | ' | -26 | ' | ' |
Vesting of restricted stock, Shares | ' | 1 | ' | ' | ' | ' |
Stock-based compensation | 677 | ' | ' | 677 | ' | ' |
Stock issued under Employee Stock Purchase Plan | 182 | 1 | ' | 181 | ' | ' |
Stock issued under Employee Stock Purchase Plan, shares | ' | 6 | ' | ' | ' | ' |
Stock issued as part of recapitalization plan | 19,296 | 252 | ' | 19,044 | ' | ' |
Stock issued as part of recapitalization plan, shares | ' | 1,003 | ' | ' | ' | ' |
Conversion of warrants to stock | ' | 7 | ' | -7 | ' | ' |
Conversion of warrants to stock, shares | ' | 29 | ' | ' | ' | ' |
Net loss | -229,417 | ' | ' | ' | -229,417 | ' |
Unrecognized actuarial gain (loss), net of tax | 1,241 | ' | ' | ' | ' | 1,241 |
Fair value of interest rate swap, net of tax | 1,458 | ' | ' | ' | ' | 1,458 |
Unwind of interest rate swap | 339 | ' | ' | ' | ' | 339 |
Amortization of pension and post-retirement benefit transition obligation, net of tax | 472 | ' | ' | ' | ' | 472 |
Stockholders' deficiency, Ending Balance at Dec. 25, 2011 | -165,986 | 605 | -78,538 | 213,135 | -303,260 | 2,072 |
Stockholders' deficiency, Ending Balance, Shares at Dec. 25, 2011 | ' | 2,269 | ' | ' | ' | ' |
Vesting of restricted stock | 51 | ' | ' | 51 | ' | ' |
Vesting of restricted stock, Shares | ' | 10 | ' | ' | ' | ' |
Stock-based compensation | 1,918 | ' | ' | 1,918 | ' | ' |
Stock issued as part of conversion of debt | 76,102 | 328 | ' | 75,774 | ' | ' |
Stock issued as part of conversion of debt, shares | ' | 30,065 | ' | ' | ' | ' |
Warrants issued as part of conversion of debt | 125,188 | ' | ' | 125,188 | ' | ' |
Warrants issued to SFL | 43,938 | ' | ' | 43,938 | ' | ' |
Conversion of warrants to stock | ' | 21 | ' | -21 | ' | ' |
Conversion of warrants to stock, shares | ' | 2,090 | ' | ' | ' | ' |
Retirement of treasury shares | ' | ' | 78,538 | -78,538 | ' | ' |
Net loss | -94,698 | ' | ' | ' | -94,698 | ' |
Unrecognized actuarial gain (loss), net of tax | -3,043 | ' | ' | ' | ' | -3,043 |
Unwind of interest rate swap | -726 | ' | ' | ' | ' | -726 |
Amortization of pension and post-retirement benefit transition obligation, net of tax | 514 | ' | ' | ' | ' | 514 |
Stockholders' deficiency, Ending Balance at Dec. 23, 2012 | -16,742 | 954 | ' | 381,445 | -397,958 | -1,183 |
Stockholders' deficiency, Ending Balance, Shares at Dec. 23, 2012 | ' | 34,434 | ' | ' | ' | ' |
Vesting of restricted stock, Shares | ' | 4 | ' | ' | ' | ' |
Stock-based compensation | 2,660 | ' | ' | 2,660 | ' | ' |
Stock issued as part of conversion of debt | 13 | ' | ' | 13 | ' | ' |
Stock issued as part of conversion of debt, shares | ' | 8 | ' | ' | ' | ' |
Conversion of warrants to stock | ' | 45 | ' | -45 | ' | ' |
Conversion of warrants to stock, shares | ' | 4,439 | ' | ' | ' | ' |
Net loss | -31,933 | ' | ' | ' | -31,933 | ' |
Unrecognized actuarial gain (loss), net of tax | 1,831 | ' | ' | ' | ' | 1,831 |
Amortization of pension and post-retirement benefit transition obligation, net of tax | 379 | ' | ' | ' | ' | 379 |
Stockholders' deficiency, Ending Balance at Dec. 22, 2013 | ($43,792) | $999 | ' | $384,073 | ($429,891) | $1,027 |
Stockholders' deficiency, Ending Balance, Shares at Dec. 22, 2013 | ' | 38,885 | ' | ' | ' | ' |
Basis_of_Presentation_and_Oper
Basis of Presentation and Operations | 12 Months Ended | |
Dec. 22, 2013 | ||
Accounting Policies [Abstract] | ' | |
Basis of Presentation and Operations | ' | |
1 | Basis of Presentation and Operations | |
Horizon Lines, Inc. (the “Company”) operates as a holding company for Horizon Lines, LLC (“Horizon Lines”), a Delaware limited liability company and wholly-owned subsidiary, Horizon Lines of Alaska, LLC (“Horizon Lines of Alaska”), a Delaware limited liability company and wholly-owned subsidiary, Horizon Logistics, LLC (“Horizon Logistics”), a Delaware limited liability company and wholly-owned subsidiary, Horizon Lines of Puerto Rico, Inc. (“HLPR”), a Delaware corporation and wholly-owned subsidiary, Hawaii Stevedores, Inc. (“HSI”), a Hawaii corporation and wholly-owned subsidiary, as well as Road Raiders Transportation, Inc. and Road Raiders Logistics, Inc. (collectively, “Road Raiders”), Delaware corporations and wholly-owned subsidiaries. Horizon Lines operates as a Jones Act container shipping business with primary service to ports within the continental United States, Alaska, Hawaii, and Puerto Rico. Under the Jones Act, all vessels transporting cargo between covered locations must, subject to limited exceptions, be built in the U.S., registered under the U.S. flag, manned by predominantly U.S. crews, and owned and operated by U.S.-organized companies that are controlled and 75% owned by U.S. citizens. Horizon Lines also offers terminal services. HLPR operates as an agent for Horizon Lines in Puerto Rico and also provides terminal services in Puerto Rico. The Company also provides certain third-party logistics services via its recently formed Road Raiders subsidiaries. | ||
The accompanying consolidated financial statements include the consolidated accounts of the Company and its majority owned subsidiaries and the related consolidated statements of operations, comprehensive loss, changes in stockholders’ equity (deficiency) and cash flows. All significant intercompany accounts and transactions have been eliminated. Certain prior period balances have been reclassified to conform to current period presentation. | ||
At a special meeting of the Company’s stockholders held on December 2, 2011, the Company’s stockholders approved an amendment to the Company’s certificate of incorporation effecting a reverse stock split. On December 7, 2011, the Company filed its restated certificate of incorporation to, among other things, effect the 1-for-25 reverse stock split. In connection with the reverse stock split, stockholders received one share of common stock for every 25 shares of common stock held at the effective time. The reverse stock split reduced the number of shares of outstanding common stock from 56.7 million to 2.3 million. Unless otherwise noted, all share-related amounts herein reflect the reverse stock split. In addition, proportional adjustments were made to the number of shares issuable upon the vesting of restricted shares and the exercise of outstanding options to purchase shares of common stock and the per share exercise price of those options. | ||
During 2011, the Company discontinued its FSX trans-Pacific container shipping service. There will not be any significant future cash flows related to the ceased operations of the FSX service. Also during 2011, the entire component comprising the third-party logistics operations was discontinued. There will not be any significant future cash flows related to these divested logistics operations. In addition, the Company does not have any significant continuing involvement in either of the divested operations. As a result, the FSX service and the former logistics operations have been classified as discontinued operations in all periods presented. See Note 6 for additional details of activities related to discontinued operations. |
Significant_Accounting_Policie
Significant Accounting Policies | 12 Months Ended | ||||||||||||
Dec. 22, 2013 | |||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||
Significant Accounting Policies | ' | ||||||||||||
2 | Significant Accounting Policies | ||||||||||||
Cash | |||||||||||||
Cash of the Company consists principally of cash held in banks and temporary investments having a maturity of three months or less at the date of acquisition. | |||||||||||||
Allowance for Doubtful Accounts | |||||||||||||
The Company maintains an allowance for doubtful accounts based upon the expected collectability of accounts receivable reflective of its historical collection experience. In circumstances in which management is aware of a specific customer’s inability to meet its financial obligation to the Company (for example, bankruptcy filings, accounts turned over for collection or litigation), the Company records a specific reserve for the bad debts against amounts due. For all other customers, the Company recognizes reserves for these bad debts based on the length of time the receivables are past due and other customer specific factors including, type of service provided, geographic location and industry. The Company monitors its collection risk on an ongoing basis through the use of credit reporting agencies. Accounts are written off after all means of collection, including legal action, have been exhausted. The Company does not require collateral from its trade customers. | |||||||||||||
The allowance for doubtful accounts approximated $3.8 million and $3.3 million at December 22, 2013 and December 23, 2012, respectively. | |||||||||||||
Materials and Supplies | |||||||||||||
Materials and supplies consist primarily of fuel inventory aboard vessels and inventory for maintenance of property and equipment. Fuel is carried at cost on the first in, first out (FIFO) basis, while all other materials and supplies are carried at average cost. | |||||||||||||
Property and Equipment | |||||||||||||
Property and equipment are stated at cost. Certain costs incurred in the development of internal-use software are capitalized. Routine maintenance, repairs, and removals other than vessel dry-dockings are charged to expense. Expenditures that materially increase values, change capacities or extend useful lives of the assets are capitalized. Depreciation and amortization is computed by the straight-line method over the estimated useful lives of the assets. The estimated useful lives of the Company’s assets are as follows: | |||||||||||||
Buildings, chassis and cranes | 25 years | ||||||||||||
Containers | 15 years | ||||||||||||
Vessels | 20-40 years | ||||||||||||
Software | 3 years | ||||||||||||
Other | 3-10 years | ||||||||||||
The Company evaluates long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If impairment indicators are present or if other circumstances indicate that an impairment may exist, the Company must then determine whether an impairment loss should be recognized. An impairment loss should be recognized for a long-lived asset (or asset group) that is held and used only if the sum of its estimated future undiscounted cash flows used to test for recoverability is less than its carrying value. Estimates of future cash flows used to test a long-lived asset (or asset group) for recoverability shall include only the future cash flows (cash inflows and associated cash outflows) that are directly associated with and that are expected to arise as a direct result of the use and eventual disposition of the long-lived asset (or asset group). Estimates of future cash flows should be based on an entity’s own assumptions about its use of a long-lived asset (or asset group). The cash flow estimation period should be based on the long-lived asset’s (or asset group’s) remaining useful life to the entity. When long-lived assets are grouped for purposes of performing the recoverability test, the remaining useful life of the asset group should be based on the useful life of the primary asset. The primary asset of the asset group is the principal long-lived tangible asset being depreciated that is the most significant component asset from which the group derives its cash-flow-generating capacity. Estimates of future cash flows used to test the recoverability of a long-lived asset (or asset group) that is in use shall be based on the existing service potential of the asset (or asset group) at the date tested. Existing service potential encompasses the long-lived asset’s estimated useful life, cash flow generating capacity, and, the physical output capacity. The estimated cash flows should include cash flows associated with future expenditures necessary to maintain the existing service potential, including those that replace the service potential of component parts, but they should not include cash flows associated with future capital expenditures that would increase the service potential. When undiscounted future cash flows will not be sufficient to recover the carrying amount of an asset, the asset is written down to its fair value. | |||||||||||||
Vessel Dry-docking | |||||||||||||
Vessels must undergo regular inspection, monitoring and maintenance, referred to as dry-docking, to maintain the required operating certificates. United States Coast Guard regulations generally require that vessels be dry-docked twice every five years. The costs of these scheduled dry-dockings are customarily capitalized and are then amortized over a 30-month period beginning with the accounting period following the vessel’s release from dry-dock, because dry-dockings enable the vessel to continue operating in compliance with U.S. Coast Guard requirements,. | |||||||||||||
The Company takes advantage of vessel dry-dockings to also perform normal repair and maintenance procedures on the vessels. These routine vessel maintenance and repair procedures are charged to expense as incurred. In addition, the Company will occasionally during a vessel dry-docking, replace vessel machinery or equipment and perform procedures that materially enhance capabilities of a vessel. In these circumstances, the expenditures are capitalized and depreciated over the estimated useful lives. | |||||||||||||
Leases | |||||||||||||
The Company leases certain vessels, facilities, equipment and vehicles under capital and operating leases. The commencement date of all leases is the earlier of the date the Company becomes legally obligated to make rent payments or the date the Company may exercise control over the use of the property. Rent expense is recorded as incurred. Certain of the Company’s leases contain fluctuating or escalating payments and rent holiday periods. The related rent expense is recorded on a straight-line basis over the lease term. Leasehold improvements associated with assets utilized under capital or operating leases are amortized over the shorter of the asset’s useful life or the lease term. | |||||||||||||
Intangible Assets | |||||||||||||
Intangible assets consist of goodwill, customer contracts/relationships, trademarks, and deferred financing costs. The Company amortizes customer contracts/relationships using the straight line method over the expected useful lives of 4 to 10 years. The Company also amortizes trademarks using the straight line method over the expected life of the related trademarks of 15 years. The Company amortizes debt issue cost using the effective interest method over the term of the related debt. | |||||||||||||
Goodwill and other intangible assets with indefinite useful lives are not amortized but are subject to annual impairment tests as of the first day of the fourth quarter. At least annually, or on an interim basis if there is an indicator of impairment, the fair value of the reporting unit is calculated. If the calculated fair value is less than the carrying amount, an impairment loss might be recognized. In these instances, a discounted cash flow model is used to determine the current estimated fair value of the reporting unit. A number of significant assumptions and estimates are involved in the application of the discounted cash flow model to forecast operating cash flows, including market growth and market share, sales volumes and prices, costs of service, discount rate and estimated capital needs. Management considers historical experience and all available information at the time the fair value of a reporting unit is estimated. Assumptions in estimating future cash flows are subject to a high degree of judgment and complexity. Changes in assumptions and estimates may affect the carrying value of goodwill and could result in additional impairment charges in future periods. | |||||||||||||
The Company assesses goodwill for impairment at the reporting unit level, which is defined as an operating segment or one level below an operating segment, referred to as a component. The Company identified its reporting unit by first determining its operating segment, and then assessed whether any components of the operating segment constituted a business for which discrete financial information is available and where segment management regularly reviews the operating results of the component. The Company concluded it had one operating segment and one reporting unit consisting of the container shipping business. | |||||||||||||
The Company uses the two-step method prescribed by ASC 350, Intangibles-Goodwill and Other, to determine goodwill impairment. If the carrying amount of the Company’s single reporting unit exceeds its fair value (step one), the Company measures the possible goodwill impairment based on a hypothetical allocation of the estimated fair value of the reporting unit to all of the underlying assets and liabilities, including previously unrecognized intangible assets (step two). The excess of the reporting unit’s fair value over the amounts assigned to its assets and liabilities is the implied fair value of goodwill. An impairment loss is recognized to the extent the reporting unit’s recorded goodwill exceeds the implied fair value of goodwill. | |||||||||||||
Revenue Recognition | |||||||||||||
The Company records transportation revenue and an accrual for the corresponding costs to complete delivery when the cargo first sails from its point of origin. The Company believes this method of revenue recognition does not result in a material difference in reported net income on an annual or quarterly basis as compared to recording transportation revenue between accounting periods based upon the relative transit time within each respective period with expenses recognized as incurred. The Company recognizes revenue and related costs of sales for terminal and other services upon completion of services. | |||||||||||||
Insurance Reserves | |||||||||||||
The Company maintains insurance for casualty, property and health claims. Most of the Company’s insurance arrangements include a level of self-insurance. Reserves are established based on the nature of the claim or the value of cargo damaged and the use of current trends and historical data for other claims. These estimates are based on historical information along with certain assumptions about future events and also include reserves for claims incurred but not reported, where applicable. | |||||||||||||
Income Taxes | |||||||||||||
The Company accounts for income taxes under the liability method whereby deferred tax assets and liabilities are measured using enacted tax laws and rates expected to apply to taxable income in the years in which the assets and liabilities are expected to be recovered or settled. The effects on deferred tax assets and liabilities of subsequent changes in the tax laws and rates are recognized in income during the year the changes are enacted. Deferred tax assets are reduced by a valuation allowance when, in the judgment of management, it is more likely than not that some portion or all of the deferred tax assets will not be realizable. | |||||||||||||
Pension and Post-retirement Benefits | |||||||||||||
The Company has noncontributory pension plans and post-retirement benefit plans covering certain union employees. Costs of these plans are charged to current operations and consist of several components that are based on various actuarial assumptions regarding future experience of the plans. In addition, certain other union employees are covered by plans provided by their respective union organizations. The Company expenses amounts as paid in accordance with union agreements. | |||||||||||||
Amounts recorded for the pension plan and the post-retirement benefit plan reflect estimates related to future interest rates, investment returns, and employee turnover. The Company reviews all assumptions and estimates on an ongoing basis. | |||||||||||||
The Company is required to recognize the overfunded or underfunded status of its defined benefit and post-retirement benefit plans as an asset or liability, with changes in the funded status recognized as an adjustment to the ending balance of accumulated other comprehensive income (loss) in the year they occur. The pension plan and the post-retirement benefit plans are in an underfunded status. | |||||||||||||
Computation of Net (Loss) Income per Share | |||||||||||||
Basic net (loss) income per share is computed by dividing net (loss) income by the weighted daily average number of shares of common stock outstanding during the period. Certain of the Company’s unvested stock-based awards contain non-forfeitable rights to dividends. In periods when the Company generates net income from continuing operations, shares are included in the denominator for basic net income per share for these participating securities. However, in periods when the Company generates a net loss from continuing operations, shares are excluded from the denominator for these participating securities as the impact would be anti-dilutive. Diluted net income per share is computed using the weighted daily average number of shares of common stock outstanding for the period plus dilutive potential common shares, including stock options and warrants using the treasury-stock method and from convertible preferred stock using the “if converted” method. | |||||||||||||
Fiscal Period | |||||||||||||
The fiscal period of the Company typically ends on the Sunday before the last Friday in December. For fiscal year 2013, the fiscal period began on December 24, 2012 and ended on December 22, 2013. For fiscal year 2012, the fiscal period began on December 26, 2011 and ended on December 23, 2012. For fiscal year 2011, the fiscal period began on December 27, 2010 and ended on December 25, 2011. Each of the fiscal years ended December 22, 2013, December 23, 2012 and December 25, 2011 consisted of 52 weeks. | |||||||||||||
Use of Estimates | |||||||||||||
The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results may differ from those estimates. Significant estimates include the assessment of the realization of accounts receivable, deferred tax assets and long-lived assets and the useful lives of intangible assets and property and equipment, as well as the estimate and recognition of liabilities. | |||||||||||||
Recent Accounting Pronouncements | |||||||||||||
Accounting pronouncements effective after December 22, 2013, are not expected to have a material effect on the Company’s consolidated financial position or results of operations | |||||||||||||
Supplemental Cash Flow Information | |||||||||||||
Non-cash financing activities were as follows (in thousands): | |||||||||||||
Fiscal Years Ended | |||||||||||||
December 22, | December 23, | December 25, | |||||||||||
2013 | 2012 | 2011 | |||||||||||
Notes issued as payment in kind | $ | 24,762 | $ | 26,924 | $ | — | |||||||
Conversion of debt to equity | 20 | 283,935 | — | ||||||||||
Second lien notes issued to SFL | — | 40,000 | — | ||||||||||
Cash payments for interest and income tax refunds were as follows (in thousands): | |||||||||||||
Fiscal Years Ended | |||||||||||||
December 22, | December 23, | December 25, | |||||||||||
2013 | 2012 | 2011 | |||||||||||
Interest | $ | 33,919 | $ | 29,257 | $ | 34,609 | |||||||
Income taxes | (18 | ) | (234 | ) | (102 | ) |
LongTerm_Debt
Long-Term Debt | 12 Months Ended | ||||||||||||
Dec. 22, 2013 | |||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||
Long-Term Debt | ' | ||||||||||||
3 | Long-Term Debt | ||||||||||||
Long-term debt, net of original issue discount or premium, consists of the following (in thousands): | |||||||||||||
December 22, | December 23, | ||||||||||||
2013 | 2012 | ||||||||||||
First lien notes | $ | 222,381 | $ | 225,305 | |||||||||
Second lien notes | 187,129 | 160,871 | |||||||||||
$75.0 million term loan agreement | 73,282 | — | |||||||||||
$20.0 million term loan agreement | 19,572 | — | |||||||||||
Capital lease obligations | 12,415 | 7,443 | |||||||||||
ABL facility | — | 42,500 | |||||||||||
6.00% convertible notes | 1,539 | 1,711 | |||||||||||
Total long-term debt | 516,318 | 437,830 | |||||||||||
Current portion | (11,473 | ) | (3,608 | ) | |||||||||
Long-term debt, net of current portion | $ | 504,845 | $ | 434,222 | |||||||||
On October 5, 2011, the Company issued the 6.00% Convertible Notes. On October 5, 2011, Horizon Lines issued the First Lien Notes, the Second Lien Notes, and entered into the ABL Facility, and on January 31, 2013, entered into the $20.0 Million Agreement. On January 31, 2013, Horizon Lines Alaska Vessels, LLC (“Horizon Alaska”), the Company’s newly formed special purpose subsidiary, entered into the $75.0 Million Agreement. The 6.00% Convertible Notes, the First Lien Notes, the Second Lien Notes, the ABL Facility, the $20.0 Million Agreement, and the $75.0 Million Agreement are defined and described below. | |||||||||||||
Road Raiders Inland, Inc. and each of its downstream subsidiaries were formed in 2013, and as of December 22, 2013, due to the immaterial levels of operations, were “Immaterial Subsidiaries” under the ABL Facility, the 6.00% Convertible Notes, the First Lien Notes, the Second Lien Notes, and the $20.0 Million Agreement (collectively, the “Horizon Lines Debt Agreements”) and in accordance with the Horizon Lines Debt Agreements did not guarantee any of the Horizon Lines Debt Agreements. Per the terms of the Horizon Lines Debt Agreements, the Alaska SPEs (as defined below) are not required to be a party thereto, are considered “Unrestricted Subsidiaries” under the 6.00% Convertible Notes, the First Lien Notes, the Second Lien Notes, and the $20.0 Million Agreement, and do not guarantee any of the Horizon Lines Debt Agreements. | |||||||||||||
As of December 22, 2013, the 6.00% Convertible Notes are fully and unconditionally guaranteed by the Company’s subsidiaries other than the Immaterial Subsidiaries and Unrestricted Subsidiaries identified above. | |||||||||||||
As of December 22, 2013, the ABL Facility, the First Lien Notes, the Second Lien Notes, and the $20.0 Million Agreement are fully and unconditionally guaranteed by the Company and each of its subsidiaries other than Horizon Lines, the Immaterial Subsidiaries, and the Unrestricted Subsidiaries. | |||||||||||||
The ABL Facility is secured on a first-priority basis by liens on the accounts receivable, deposit accounts, securities accounts, investment property (other than equity interests of the subsidiaries and joint ventures of the Company) and cash, in each case with certain exceptions, of the Company and the Company’s subsidiaries other than the Immaterial Subsidiaries and Unrestricted Subsidiaries identified above (collectively, the “ABL Priority Collateral”). Substantially all other assets of the Company and the Company’s subsidiaries, other than the assets of the Immaterial Subsidiaries and Unrestricted Subsidiaries identified above, also serve as collateral for the Horizon Lines Debt Agreements (collectively, such other assets are the “Secured Notes Priority Collateral”). | |||||||||||||
The following table summarizes the guarantors and non-guarantors of each of the Horizon Lines Debt Agreements as of December 22, 2013: | |||||||||||||
ABL Facility | $20 Million | First Lien | Second Lien | 6% Convertible | $75 Million | ||||||||
Agreement | Notes | Notes | Notes | Agreement | |||||||||
The Company | Guarantor | Guarantor | Guarantor | Guarantor | Issuer | Non-Guarantor | |||||||
Horizon Lines, LLC | Issuer | Issuer | Issuer | Issuer | Guarantor | Non-Guarantor | |||||||
Horizon Alaska | Non-Guarantor | Unrestricted | Unrestricted | Unrestricted | Unrestricted | Issuer | |||||||
Horizon Vessels | Non-Guarantor | Unrestricted | Unrestricted | Unrestricted | Unrestricted | Guarantor | |||||||
Alaska Terminals | Non-Guarantor | Unrestricted | Unrestricted | Unrestricted | Unrestricted | Guarantor | |||||||
Road Raiders Inland, Inc. and subsidiaries(1) | Immaterial | Immaterial | Immaterial | Immaterial | Immaterial | Non-Guarantor | |||||||
Other subsidiaries of the Company not specifically listed above | Guarantor | Guarantor | Guarantor | Guarantor | Guarantor | Non-Guarantor | |||||||
-1 | Subsequent to December 22, 2013, Road Raiders Inland, Inc. and each of its downstream subsidiaries entered into agreements to fully and unconditionally guarantee the Horizon Lines Debt Agreements. | ||||||||||||
The following table lists the order of lien priority for each of the Horizon Lines Debt Agreements on the Secured Notes Priority Collateral and the ABL Priority Collateral, as applicable: | |||||||||||||
Secured Notes | ABL Priority | ||||||||||||
Priority | Collateral | ||||||||||||
Collateral | |||||||||||||
$20 Million Agreement | First | Second | |||||||||||
First Lien Notes | Second | Third | |||||||||||
Second Lien Notes | Third | Fourth | |||||||||||
6.0% Convertible Notes | Fourth | Fifth | |||||||||||
ABL Facility | Fifth | First | |||||||||||
First Lien Notes | |||||||||||||
The 11.00% First Lien Senior Secured Notes (the “First Lien Notes”) were issued pursuant to an indenture on October 5, 2011. The First Lien Notes bear interest at a rate of 11.0% per annum, payable semiannually beginning on April 15, 2012, and mature on October 15, 2016. The First Lien Notes are callable at par plus accrued and unpaid interest. Horizon Lines is obligated to make mandatory prepayments of 1%, on an annual basis, of the original principal amount. These prepayments are payable on a semiannual basis and commenced on April 15, 2012. | |||||||||||||
The First Lien Notes contain affirmative and negative covenants which are typical for senior secured high-yield notes with no financial maintenance covenants. The First Lien Notes contain other covenants, including: change of control put at 101% (subject to a permitted holder exception); limitation on asset sales; limitation on incurrence of indebtedness and preferred stock; limitation on restricted payments; limitation on restricted investments; limitation on liens; limitation on dividends; limitation on affiliate transactions; limitation on sale/leaseback transactions; limitation on guarantees by restricted subsidiaries; and limitation on mergers, consolidations and sales of all/substantially all of the assets of Horizon Lines. These covenants are subject to certain exceptions and qualifications. Horizon Lines was in compliance with all such applicable covenants as of December 22, 2013. | |||||||||||||
On October 5, 2011, the fair value of the First Lien Notes was $228.4 million, which reflected Horizon Lines’ ability to call the First Lien Notes at 101.5% during the first year and at par thereafter. The original issue premium of $3.4 million is being amortized through interest expense through the maturity of the First Lien Notes. | |||||||||||||
Second Lien Notes | |||||||||||||
The 13.00%-15.00% Second Lien Senior Secured Notes (the “Second Lien Notes”) were issued pursuant to an indenture on October 5, 2011. | |||||||||||||
The Second Lien Notes bear interest at a rate of either: (i) 13% per annum, payable semiannually in cash in arrears; (ii) 14% per annum, 50% of which is payable semiannually in cash in arrears and 50% is payable in kind; or (iii) 15% per annum payable in kind, payable semiannually beginning on April 15, 2012, and maturing on October 15, 2016. The Second Lien Notes were non-callable for two years from the date of their issuance, and thereafter the Second Lien Notes are callable by Horizon Lines at (i) 106% of their aggregate principal amount, plus accrued and unpaid interest thereon in the third year, (ii) 103% of their aggregate principal amount, plus accrued and unpaid interest thereon in the fourth year, and (iii) at par plus accrued and unpaid interest thereafter. | |||||||||||||
On April 15, 2012, October 15, 2012, April 15, 2013 and October 15, 2013, Horizon Lines issued an additional $7.9 million, $8.1 million, $8.7 million and $9.4 million, respectively, of Second Lien Notes to satisfy the payment-in-kind interest obligation under the Second Lien Notes. In addition, Horizon Lines elected to satisfy its interest obligation under the Second Lien Notes due April 15, 2014 by issuing additional Second Lien Notes. As such, as of December 22, 2013, Horizon Lines has recorded $3.7 million of accrued interest as an increase to long-term debt. | |||||||||||||
The Second Lien Notes contain affirmative and negative covenants that are typical for senior secured high-yield notes with no financial maintenance covenants. The Second Lien Notes contain other covenants, including: change of control put at 101% (subject to a permitted holder exception); limitation on asset sales; limitation on incurrence of indebtedness and preferred stock; limitation on restricted payments; limitation on restricted investments; limitation on liens; limitation on dividends; limitation on affiliate transactions; limitation on sale/leaseback transactions; limitation on guarantees by restricted subsidiaries; and limitation on mergers, consolidations and sales of all/substantially all of the assets of Horizon Lines. These covenants are subject to certain exceptions and qualifications. Horizon Lines was in compliance with all such applicable covenants as of December 22, 2013. | |||||||||||||
On October 5, 2011, the fair value of the Second Lien Notes was $96.6 million. The original issue discount of $3.4 million is being amortized through interest expense through the maturity of the Second Lien Notes. | |||||||||||||
During 2012, the Company and Horizon Lines entered into a Global Termination Agreement with Ship Finance International Limited (“SFL”) whereby Horizon Lines issued $40.0 million aggregate principal amount of its Second Lien Notes and warrants to purchase 9,250,000 shares of the Company’s common stock at a price of $0.01 per share to satisfy its obligations for certain vessel leases. The Second Lien Notes issued to SFL (the “SFL Notes”) have the same terms as the Second Lien Notes issued on October 5, 2011 (the “Initial Notes”), except that they are subordinated to the Initial Notes in the case of a bankruptcy, and holders of the SFL Notes, so long as then held by SFL, have the option to purchase the Initial Notes in the event of a bankruptcy. On April 9, 2012, the fair value of the SFL Notes outstanding on such date approximated face value. On October 15, 2012, April 15, 2013 and October 15, 2013, Horizon Lines issued an additional $3.1 million, $3.2 million and $3.5 million, respectively, of SFL Notes to satisfy the payment-in-kind interest obligation under the SFL Notes. In addition, Horizon Lines elected to satisfy its interest obligation under the SFL Notes due April 15, 2014 by issuing additional SFL Notes. As such, as of December 22, 2013, Horizon Lines has recorded $1.4 million of accrued interest as an increase to long-term debt. | |||||||||||||
ABL Facility | |||||||||||||
On October 5, 2011, Horizon Lines entered into a $100.0 million asset-based revolving credit facility (the “ABL Facility”) with Wells Fargo Capital Finance, LLC (“Wells Fargo”). Use of the ABL Facility is subject to compliance with a customary borrowing base limitation. The ABL Facility includes an up to $30.0 million letter of credit sub-facility and a swingline sub-facility up to $15.0 million, with Wells Fargo serving as administrative agent and collateral agent. Horizon Lines has the option to request increases in the maximum commitment under the ABL Facility by up to $25.0 million in the aggregate; however, such incremental facility increases have not been committed to in advance. The ABL Facility is available to be used by Horizon Lines for working capital and other general corporate purposes. | |||||||||||||
The ABL Facility was amended on January 31, 2013 in conjunction with the $75.0 Million Agreement and $20.0 Million Agreement. In addition to allowing for the incurrence of the additional long-term debt under those agreements, amendments to the ABL Facility included, among other changes, (i) permission to make certain investments in the Alaska SPEs, including the proceeds of the $20.0 Million Agreement and the arrangements related to the charters and the sublease of the terminal facility licenses for the Vessels (as defined below), (ii) excluding the Alaska SPEs from the guarantee and collateral requirements of the ABL Facility and from the restrictions of the negative covenants and certain other provisions, (iii) weekly borrowing base reporting in the event availability under the facility falls below a threshold of (a) $14.0 million or (b) 14.0% of the maximum commitment under the ABL Facility, (iv) the exclusion of certain historical charges and expenses relating to discontinued operations and severance from the calculation of bank-defined Adjusted EBITDA, (v) the exclusion of the historical charter hire expense deriving from the Vessels from the calculation of bank-defined Adjusted EBITDA, and (vi) the inclusion of pro forma interest expense on the $75.0 Million Agreement and the $20.0 Million Agreement in the calculation of fixed charges. | |||||||||||||
The ABL Facility matures October 5, 2016 (but 90 days earlier if the First Lien Notes and the Second Lien Notes are not repaid or refinanced as of such date). The interest rate on the ABL Facility is LIBOR or a base rate plus an applicable margin based on leverage and excess availability, as defined in the agreement, ranging from (i) 1.25% to 2.75%, in the case of base rate loans and (ii) 2.25% to 3.75%, in the case of LIBOR loans. A fee ranging from 0.375% to 0.50% per annum will accrue on unutilized commitments under the ABL Facility. As of December 22, 2013, there were no borrowings outstanding under the ABL facility and total borrowing availability was $63.4 million. Horizon Lines had $12.9 million of letters of credit outstanding as of December 22, 2013. | |||||||||||||
The ABL Facility requires compliance with a minimum fixed charge coverage ratio test if excess availability is less than the greater of (i) $12.5 million or (ii) 12.5% of the maximum commitment under the ABL Facility. In addition, the ABL Facility includes certain customary negative covenants that, subject to certain materiality thresholds, baskets and other agreed upon exceptions and qualifications, will limit, among other things, indebtedness, liens, asset sales and other dispositions, mergers, liquidations, dissolutions and other fundamental changes, investments and acquisitions, dividends, distributions on equity or redemptions and repurchases of capital stock, transactions with affiliates, repayments of certain debt, conduct of business and change of control. The ABL Facility also contains certain customary representations and warranties, affirmative covenants and events of default, as well as provisions requiring compliance with applicable citizenship requirements of the Jones Act. Horizon Lines was in compliance with all such applicable covenants as of December 22, 2013. | |||||||||||||
$75.0 Million Term Loan Agreement | |||||||||||||
Three of Horizon Lines’ Jones Act-qualified vessels: the Horizon Anchorage, Horizon Tacoma, and Horizon Kodiak (collectively, the “Vessels”) were previously chartered. The charter for the Vessels was due to expire in January 2015. For each chartered Vessel, the Company generally had the following options in connection with the expiration of the charter: (i) purchase the vessel for its fixed price or fair market value, (ii) extend the charter for an agreed upon period of time at a fixed price or fair market value charter rate or, (iii) return the vessel to its owner. On January 31, 2013, the Company, through its newly formed subsidiary Horizon Alaska, acquired off of charter the Vessels for a purchase price of approximately $91.8 million. | |||||||||||||
On January 31, 2013, Horizon Alaska, together with two newly formed subsidiaries of Horizon Lines, Horizon Lines Alaska Terminals, LLC (“Alaska Terminals”) and Horizon Lines Merchant Vessels, LLC (“Horizon Vessels”), entered into an approximately $75.8 million term loan agreement with certain lenders and U.S. Bank National Association (“U.S. Bank”), as the administrative agent, collateral agent and ship mortgage trustee (the “$75.0 Million Agreement”). The obligations under the $75.0 Million Agreement are secured by a first-priority lien on substantially all of the assets of Horizon Alaska, Horizon Vessels, and Alaska Terminals (collectively, the “Alaska SPEs”), which primarily includes the Vessels. The operations of the Alaska SPEs are limited to a bareboat charter of the Vessels between Horizon Alaska and Horizon Lines and a sublease of a terminal facility in Anchorage, Alaska between Alaska Terminals and Horizon Lines of Alaska. | |||||||||||||
The loan under the $75.0 Million Agreement accrues interest at 10.25% per annum, payable quarterly commencing March 31, 2013. Amortization of loan principal is payable in equal quarterly installments, commencing on March 31, 2014, and each amortization installment will equal 2.5% of the total initial loan amount (which may increase to 3.75% upon specified events). The full remaining outstanding amount of the loan under the $75.0 Million Agreement is payable on September 30, 2016. The proceeds of the loan under the $75.0 Million Agreement were utilized by Horizon Alaska to acquire the Vessels. In connection with the borrowing under the $75.0 Million Agreement, the Alaska SPEs paid financing costs of $2.5 million during 2013, which included loan commitment fees of $1.5 million. The financing costs have been recorded as a reduction to the carrying amount of the $75.0 Million Agreement and will be amortized through non-cash interest expense through maturity of the $75.0 Million Agreement. In addition to the commitment fees of $1.5 million paid in cash at closing, the Alaska SPEs will also pay, at maturity of the $75.0 Million Agreement, an additional $0.8 million of closing fees by increasing the original $75.0 million principal amount. The Company is recording non-cash interest accretion through maturity of the $75.0 Million Agreement related to the additional closing fees. | |||||||||||||
The $75.0 Million Agreement contains certain covenants, including a minimum EBITDA threshold and limitations on the incurrence of indebtedness, liens, asset sales, investments and dividends (all as defined in the agreement). The Alaska SPEs were in compliance with all such covenants as of December 22, 2013. The agent and the lenders under the $75.0 Million Agreement do not have any recourse to the stock or assets of the Company or any of its subsidiaries (other than the Alaska SPEs or equity interests therein). Defaults under the $75.0 Million Agreement do not give rise to any remedies under the Horizon Lines Debt Agreements. | |||||||||||||
On January 31, 2013, the fair value of the $75.0 Million Agreement approximated face value and was classified within level 2 of the fair value hierarchy. In determining the estimated fair value of the $75.0 Million Agreement, the Company utilized a quantitatively derived rating estimate and creditworthiness analysis, a credit rating gap analysis, and an analysis of credit market transactions. These analyses were used to estimate a benchmark yield, which was compared to the stated interest rate in the $75.0 Million Agreement. The Company determined the estimated benchmark yield approximated the stated interest rate. | |||||||||||||
$20.0 Million Term Loan Agreement | |||||||||||||
On January 31, 2013, the Company and those of its subsidiaries that are parties (collectively, the “Loan Parties”) to the existing First Lien Notes, the Second Lien Notes, and the 6.00% Convertible Notes (collectively, the “Notes”) entered into a $20.0 million term loan agreement with certain lenders and U.S. Bank, as administrative agent, collateral agent, and ship mortgage trustee (the “$20.0 Million Agreement”). The loan under the $20.0 Million Agreement matures on September 30, 2016 and accrues interest at 8.00% per annum, payable quarterly commencing March 31, 2013 with interest calculated assuming accrual beginning January 8, 2013. The $20.0 Million Agreement does not provide for any amortization of principal, and the full outstanding amount of the loan is payable on September 30, 2016. Horizon Lines is not permitted to optionally prepay the $20.0 Million Agreement except for prepayment in full (together with a prepayment premium equal to 5.0% of the principal amount prepaid) following repayment in full of the First Lien Notes and the $75.0 Million Agreement. | |||||||||||||
In connection with the issuance of the $20.0 Million Agreement, Horizon Lines paid financing costs of $0.6 million during 2013. The financing costs have been recorded as a reduction to the carrying amount of the $20.0 Million Agreement and will be amortized through non-cash interest expense through maturity of the $20.0 Million Agreement. | |||||||||||||
The covenants in the $20.0 Million Agreement are substantially similar to the negative covenants contained in the indentures governing the Notes, which indentures permit the incurrence of the term loan borrowed under the $20.0 Million Agreement and the contribution of such amounts to Horizon Alaska. The proceeds of the loan borrowed under the $20.0 Million Agreement were contributed to Horizon Alaska to enable it to acquire the Vessels. | |||||||||||||
On January 31, 2013, the fair value of the $20.0 Million Agreement approximated face value and was classified within level 2 of the fair value hierarchy. In determining the estimated fair value of the $20.0 Million Agreement, the Company utilized a quantitatively derived rating estimate and creditworthiness analysis, a credit rating gap analysis, and an analysis of credit market transactions. These analyses were used to estimate a benchmark yield, which was compared to the stated interest rate in the $20.0 Million Agreement. The Company determined the estimated benchmark yield approximated the stated interest rate. | |||||||||||||
6.00% Convertible Notes | |||||||||||||
On October 5, 2011, the Company issued $178.8 million in aggregate principal amount of new 6.00% Series A Convertible Senior Secured Notes due 2017 (the “Series A Notes”) and $99.3 million in aggregate principal amount of new 6.00% Series B Mandatorily Convertible Senior Secured Notes (the “Series B Notes” and, together with the Series A Notes, collectively the “6.00% Convertible Notes”). The 6.00% Convertible Notes were issued pursuant to an indenture, which the Company and the Loan Parties entered into with U.S. Bank , as trustee and collateral agent, on October 5, 2011 (the “6.00% Convertible Notes Indenture”). | |||||||||||||
During 2012, the Company completed various debt-to-equity conversions of the 6.00% Convertible Notes. On October 5, 2012, all outstanding Series B Notes not previously converted into shares of the Company’s common stock were mandatorily converted into Series A Notes as required by the terms of the 6.00% Convertible Notes Indenture. As of December 22, 2013, $2.0 million face value of the Series A Notes remains outstanding. The Series A Notes bear interest at a rate of 6.00% per annum, payable semiannually. The Series A Notes mature on April 15, 2017 and are convertible at the option of the holders, and at the Company’s option under certain circumstances, into shares of the Company’s common stock or warrants, as the case may be. Upon conversion, foreign holders may, under certain conditions, receive warrants in lieu of shares of common stock. | |||||||||||||
The conversion rate of the remaining Series A Notes may be increased in certain circumstances to compensate the holders thereof for the loss of the time value of the conversion right (i) if at any time the Company’s common stock or the common stock into which the new notes may be converted is greater than or equal to $11.25 per share and is not listed on the NYSE or NASDAQ markets or (ii) if a change of control occurs, unless at least 90% of the consideration received or to be received by holders of common stock, excluding cash payments for fractional shares, in connection with the transaction or transactions constituting the change of control, consists of shares of common stock, American Depositary Receipts or American Depositary Shares traded on a national securities exchange in the United States or which will be so traded or quoted when issued or exchanged in connection with such change of control. Upon a change of control, holders will have the right to require the Company to repurchase for cash the outstanding Series A Notes at 101% of the aggregate principal amount, plus accrued and unpaid interest. | |||||||||||||
The long-term debt and embedded conversion options associated with the 6.00% Convertible Notes were recorded on the Company’s balance sheet at their fair value on October 5, 2011. On October 5, 2011, the fair value of the long-term debt portion of the Series A Notes and Series B Notes was $105.6 million and $58.6 million, respectively. The original issue discounts associated with the 6.00% Convertible Notes still outstanding are being amortized through interest expense through the maturity of the Series A Notes. | |||||||||||||
As of December 22, 2013, the fair value of the embedded conversion features was $0.1 million, which was calculated using the Black-Scholes Pricing Model. The Company recorded a non-cash gain of $0.3 million, $19.4 million and $84.5 million during the years ended December 22, 2013, December 23, 2012 and December 25, 2011, respectively, for the change in fair value of embedded conversion features, which was recorded within other expense on the Condensed Consolidated Statement of Operations. | |||||||||||||
Warrants | |||||||||||||
Certain warrants, not including the warrants issued to SFL, were issued pursuant to a warrant agreement, which the Company entered into with The Bank of New York Mellon Trust Company, N.A, as warrant agent, on October 5, 2011, as amended by Amendment No. 1, dated December 7, 2011 (the “Warrant Agreement”). Pursuant to the Warrant Agreement, each warrant entitles the holder to purchase common stock at a price of $0.01 per share, subject to adjustment in certain circumstances. In connection with a reverse stock split in December 2011, warrant holders will receive 1/25th of a share of the Company’s common stock upon conversion. As of December 22, 2013 there were 1.1 billion warrants outstanding for the purchase of up to 53.0 million shares of the Company’s common stock. Upon issuance, in lieu of payment of the exercise price, a warrant holder will have the right (but not the obligation) to require the Company to convert its warrants, in whole or in part, into shares of its common stock without any required payment or request that the Company withhold, from the shares of common stock that would otherwise be delivered to such warrant holder, shares issuable upon exercise of the Warrants equal in value to the aggregate exercise price. | |||||||||||||
Warrant holders will not be permitted to exercise or convert their warrants if and to the extent the shares of common stock issuable upon exercise or conversion would constitute “excess shares” (as defined in the Company’s certificate of incorporation) if they were issued in order to abide by the foreign ownership limitations imposed by the Company’s certificate of incorporation. In addition, a warrant holder who cannot establish to the Company’s reasonable satisfaction that it (or, if not the holder, the person that the holder has designated to receive the common stock upon exercise or conversion) is a United States citizen will not be permitted to exercise or convert its warrants to the extent the receipt of the common stock upon exercise or conversion would cause such person or any person whose ownership position would be aggregated with that of such person to exceed 4.9% of the Company’s outstanding common stock. | |||||||||||||
The warrants contain no provisions allowing the Company to force redemption, and there is no conditional obligation of the Company to redeem or convert the warrants. Each warrant is convertible into shares of the Company’s common stock at an exercise price of $0.01 per share, which the Company has the option to waive. In addition, the Company has sufficient authorized and unissued shares available to settle the warrants during the maximum period the warrants could remain outstanding. As a result, the warrants do not meet the definition of an asset or liability and were classified as equity on the date of issuance, on December 23, 2012, and on December 22, 2013. The warrants will be evaluated on a continuous basis to determine if equity classification continues to be appropriate. | |||||||||||||
Fair Value of Financial Instruments | |||||||||||||
The estimated fair value of the Company’s debt as of December 22, 2013 and December 23, 2012 totaled $488.9 million and $411.4 million, respectively. The fair value of the First Lien Notes and the Second Lien Notes is based upon quoted market prices. The fair value of the other long-term debt approximates carrying value. | |||||||||||||
Contractual maturities of long-term debt obligations as of December 22, 2013 are as follows (in thousands): | |||||||||||||
2014 | $ | 7,875 | |||||||||||
2015 | 9,750 | ||||||||||||
2016 | 482,497 | ||||||||||||
2017 | 1,991 | ||||||||||||
2018 | — | ||||||||||||
Thereafter | — | ||||||||||||
$ | 502,113 | ||||||||||||
Impairment_Charges
Impairment Charges | 12 Months Ended | |
Dec. 22, 2013 | ||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | |
Impairment Charges | ' | |
4 | Impairment Charges | |
The Company made progress payments for three new cranes, which are still in the construction phase, that were initially purchased for use in its Anchorage, Alaska terminal. These cranes were expected to be installed and become fully operational in December 2010. However, the Port of Anchorage Intermodal Expansion Project encountered significant delays. During 2011, the Company was marketing these cranes for sale and expected to complete the sale within one year. As a result of the reclassification to assets held for sale during 2011, the Company recorded an impairment charge of $2.8 million to write down the carrying value of the cranes to their estimated fair value less costs to sell. During the third quarter of 2013, the Company entered into a letter of intent to sell two of the three cranes. During the third quarter of 2013, the Company recorded an additional impairment charge of $2.6 million to write down the carrying value of the cranes to their estimated proceeds less costs to sell, which approximated fair value (Level 2). The Company completed the sale of the cranes during the fourth quarter of 2013. The Company is currently exploring alternatives for the remaining crane and expects to install it at the Company’s terminal in Kodiak, Alaska. |
Restructuring
Restructuring | 12 Months Ended | ||||||||||||||||
Dec. 22, 2013 | |||||||||||||||||
Restructuring And Related Activities [Abstract] | ' | ||||||||||||||||
Restructuring | ' | ||||||||||||||||
5 | Restructuring | ||||||||||||||||
On December 5, 2012, the Company announced that it would discontinue its sailing that departed Jacksonville, Florida each Tuesday and arrived in San Juan, Puerto Rico the following Friday. In association with the service change, the Company recorded a pre-tax restructuring charge of $3.1 million during the fourth quarter of 2012. The $3.1 million charge was comprised of an equipment-related impairment charge of $2.2 million and union and non-union severance and employee related expense of $0.9 million. The Company recorded additional charges of $1.0 million and $0.5 million during 2013 as a result of the return of a portion of its excess leased equipment and additional union and non-union severance, respectively. The Company expects to complete the return of its remaining excess leased equipment during the first quarter of 2014. | |||||||||||||||||
The Company also initiated a plan during the fourth quarter of 2012 to further reduce its non-union workforce beyond the reductions associated with the Puerto Rico service change and recorded a charge of an additional $1.2 million of expenses for severance and other employee-related costs. The Company’s non-union workforce was reduced by approximately 38 positions in total, including 26 existing and 12 open positions. The workforce reduction was completed on January 31, 2013. | |||||||||||||||||
During April 2013, the Company moved its northeast terminal operations to Philadelphia, Pennsylvania from Elizabeth, New Jersey. In association with the relocation of the terminal operations, the Company recorded an estimated restructuring charge of $4.1 million during the first quarter of 2013 resulting from the withdrawal from the Port of Elizabeth’s multiemployer pension plan. During the third quarter of 2013, the Company received additional information related to the liability associated with the withdrawal from the Port of Elizabeth’s multiemployer pension plan and recorded an additional $0.8 million restructuring charge. During the fourth quarter of 2013, the Company reached a settlement agreement whereby the Company paid $5.3 million to satisfy its liability associated with the withdrawal from the multiemployer pension plan. | |||||||||||||||||
The following table presents the restructuring reserves at December 25, 2011, December 23, 2012, and December 22, 2013, as well as activity during the 2012 & 2013 (in thousands): | |||||||||||||||||
Balance at | Provision | Payments | Balance at | ||||||||||||||
December 25, | December 23, | ||||||||||||||||
2011 | 2012 | ||||||||||||||||
Personnel-related costs | $ | — | $ | 2,122 | $ | (160 | ) | $ | 1,962 | ||||||||
Equipment and relocation costs | — | 2,218 | — | 2,218 | |||||||||||||
Total | $ | — | $ | 4,340 | $ | (160 | ) | $ | 4,180 | ||||||||
Balance at | Provision | Payments | Balance at | ||||||||||||||
December 23, | December 22, | ||||||||||||||||
2012 | 2013 | ||||||||||||||||
Personnel-related costs | $ | 1,962 | $ | 450 | $ | (2,068 | ) | $ | 344 | ||||||||
Equipment and relocation costs | 2,218 | 974 | (2,949 | ) | 243 | ||||||||||||
Multi-employer pension plan withdrawal liability | — | 5,278 | (1) | (5,278 | ) | — | |||||||||||
Total | $ | 4,180 | $ | 6,702 | $ | (10,295 | ) | $ | 587 | ||||||||
-1 | Includes $0.4 million of non-cash interest accretion related to the liability for withdrawal from the Port of Elizabeth’s multi-employer pension plan. | ||||||||||||||||
In the consolidated balance sheet as of December 22, 2013, the reserve for restructuring costs is recorded in other accrued liabilities. |
Discontinued_Operations
Discontinued Operations | 12 Months Ended | ||||||||||||||||||||
Dec. 22, 2013 | |||||||||||||||||||||
Discontinued Operations And Disposal Groups [Abstract] | ' | ||||||||||||||||||||
Discontinued Operations | ' | ||||||||||||||||||||
6 | Discontinued Operations | ||||||||||||||||||||
FSX Service | |||||||||||||||||||||
On October 21, 2011, the Company finalized a decision to terminate the FSX trans-Pacific container shipping service and ceased all operations related to the FSX service during the fourth quarter of 2011. During the fourth quarter of 2011, the Company recorded a restructuring charge as a result of the shutdown of the FSX service. The restructuring charge included, among other things, an amount related to the present value of the Company’s future vessel lease obligations. During 2012, the Company recorded $4.2 million of non-cash accretion of the vessel lease liability. | |||||||||||||||||||||
On April 5, 2012, the Company entered into a Global Termination Agreement with SFL which enabled the Company to terminate early the bareboat charters of the five foreign-built, U.S.-flag vessels that formerly operated in the FSX service. The Global Termination Agreement became effective April 9, 2012. In connection with the Global Termination Agreement, the Company adjusted the restructuring charge related to its vessel lease obligations originally recorded during the fourth quarter of 2011. Based on (i) the issuance to SFL of $40.0 million in aggregate principal amount of Second Lien Notes, (ii) the 9,250,000 warrants issued to SFL on April 9, 2012, (iii) fees associated with the vessel lease termination and reimbursement obligations to the SFL Parties, and (iv) the net present value of the vessel lease liability as of April 9, 2012, the Company recorded an additional restructuring charge of $14.1 million during the 2nd quarter of 2012, which was recorded as part of discontinued operations. | |||||||||||||||||||||
The following table presents the restructuring reserves at December 25, 2011, December 23, 2012, and December 22, 2013, as well as activity during 2012 and 2013 (in thousands): | |||||||||||||||||||||
Balance at | Payments | Provisions(1) | Adjustments(2) | Balance at | |||||||||||||||||
December 25, | December 23, | ||||||||||||||||||||
2011 | 2012 | ||||||||||||||||||||
Vessel leases, net of estimated sublease(2) | $ | 77,060 | $ | (8,163 | ) | $ | 4,150 | $ | (72,300 | ) | $ | 747 | |||||||||
Rolling stock per-diem and lease termination costs | 9,921 | (9,785 | ) | — | (136 | ) | — | ||||||||||||||
Personnel-related costs | 5,330 | (5,533 | ) | 510 | (307 | ) | — | ||||||||||||||
Facility leases | 135 | (157 | ) | 22 | — | — | |||||||||||||||
Total | $ | 92,446 | $ | (23,638 | ) | $ | 4,682 | $ | (72,743 | ) | $ | 747 | |||||||||
-1 | The Company recorded the net present value of its future lease obligations, net of estimated sublease income, during the fourth quarter of 2011. The $4.2 million recorded during 2012 represents non-cash accretion of the liability. | ||||||||||||||||||||
-2 | On April 5, 2012, the Company entered into a Global Termination Agreement which enabled the Company to terminate these vessel leases in advance of the originally scheduled expiration date. The Company paid the remaining liability related to the lease termination during the first quarter of 2013. | ||||||||||||||||||||
Balance at | Payments | Provisions | Balance at | ||||||||||||||||||
December 23, | December 22, | ||||||||||||||||||||
2012 | 2013 | ||||||||||||||||||||
Vessel lease termination | $ | 747 | $ | (766 | ) | $ | 19 | $ | — | ||||||||||||
During 2013, the Company incurred legal and professional fees associated with an arbitration proceeding. The Company was seeking reimbursement of certain costs and expenditures related to previously co-owned assets that were utilized as part of the Company’s FSX service. During the third quarter of 2013, an arbitration panel awarded the Company $3.0 million plus reimbursement of $0.8 million of legal fees and expenses, which was recorded as part of discontinued operations. | |||||||||||||||||||||
Logistics Operations | |||||||||||||||||||||
During 2011, the entire component comprising the third-party logistics operations was discontinued. As part of the divestiture, the Company transitioned some of the operations and personnel to other logistics providers. | |||||||||||||||||||||
During the year ended December 26, 2010, the Company recorded a $5.0 million valuation allowance to adjust the carrying value of the net assets of its discontinued operations to the estimated fair value less costs to sell. As a result of better than expected cash collections of the accounts receivable, the Company reduced the valuation allowance against the net assets of its discontinued operations by $3.2 million during 2011, and decreased the 2011 loss from discontinued operations by the same amount. | |||||||||||||||||||||
Assets and Liabilities of Discontinued Operations | |||||||||||||||||||||
Assets of discontinued operations, which was comprised of uncollected accounts receivable, totaled $0.1 million as of December 23, 2012. The Company collected these outstanding trade receivable balances throughout 2013. Liabilities of discontinued operations totaled $0.2 million and $0.9 million as of December 22, 2013 and December 23, 2012, respectively, and were comprised of liabilities associated with the shutdown of the Company’s FSX and third-party logistics services. The Company expects to satisfy these liabilities during the first quarter of 2014. The assets and liabilities of discontinued operations are included within other current assets and other accrued liabilities, respectively, on the Condensed Consolidated Balance Sheets. | |||||||||||||||||||||
Results of Operations of Discontinued Operations | |||||||||||||||||||||
The following table presents summarized financial information for the discontinued operations included in the Consolidated Statements of Operations (in thousands): | |||||||||||||||||||||
December 22, 2013 | |||||||||||||||||||||
FSX Service | Logistics | Total | |||||||||||||||||||
Operating revenue | $ | 3 | $ | — | $ | 3 | |||||||||||||||
Operating income | 2,333 | — | 2,333 | ||||||||||||||||||
Net income | 1,421 | — | 1,421 | ||||||||||||||||||
December 23, 2012 | |||||||||||||||||||||
FSX Service | Logistics | Total | |||||||||||||||||||
Operating revenue | $ | 490 | $ | — | $ | 490 | |||||||||||||||
Restructuring charge | 14,113 | — | 14,113 | ||||||||||||||||||
Operating loss | (16,115 | ) | — | (16,115 | ) | ||||||||||||||||
Net loss | (20,295 | ) | — | (20,295 | ) | ||||||||||||||||
December 25, 2011 | |||||||||||||||||||||
FSX Service | Logistics | Total | |||||||||||||||||||
Operating revenue | $ | 177,958 | $ | 13,762 | $ | 191,720 | |||||||||||||||
Restructuring charge | 119,314 | — | 119,314 | ||||||||||||||||||
Operating loss | (180,002 | ) | 2,114 | (177,888 | ) | ||||||||||||||||
Net (loss) income | (177,793 | ) | 1,570 | (176,223 | ) | ||||||||||||||||
The following table presents summarized cash flow information for the discontinued operations included in the Consolidated Statements of Cash Flows (in thousands): | |||||||||||||||||||||
December 22, 2013 | |||||||||||||||||||||
FSX Service | Logistics | Total | |||||||||||||||||||
Cash provided by operating activities | $ | 1,806 | $ | — | $ | 1,806 | |||||||||||||||
Cash provided by in investing activities | — | — | — | ||||||||||||||||||
Change in cash from discontinued operations | $ | 1,806 | $ | — | $ | 1,806 | |||||||||||||||
December 23, 2012 | |||||||||||||||||||||
FSX Service | Logistics | Total | |||||||||||||||||||
Cash (used in) provided by operating activities | $ | (26,030 | ) | $ | 319 | $ | (25,711 | ) | |||||||||||||
Cash provided by investing activities | 6,000 | — | 6,000 | ||||||||||||||||||
Change in cash from discontinued operations | $ | (20,030 | ) | $ | 319 | $ | (19,711 | ) | |||||||||||||
December 25, 2011 | |||||||||||||||||||||
FSX Service | Logistics | Total | |||||||||||||||||||
Cash used in operating activities | $ | (54,527 | ) | $ | 3,939 | $ | (50,588 | ) | |||||||||||||
Cash used in investing activities | (647 | ) | (58 | ) | (705 | ) | |||||||||||||||
Change in cash from discontinued operations | $ | (55,174 | ) | $ | 3,881 | $ | (51,293 | ) | |||||||||||||
Property_and_Equipment
Property and Equipment | 12 Months Ended | ||||||||||||||||
Dec. 22, 2013 | |||||||||||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||||||||||
Property and Equipment | ' | ||||||||||||||||
7 | Property and Equipment | ||||||||||||||||
Property and equipment consist of the following (in thousands): | |||||||||||||||||
December 22, 2013 | December 23, 2012 | ||||||||||||||||
Historical | Net Book | Historical | Net Book | ||||||||||||||
Cost | Value | Cost | Value | ||||||||||||||
Vessels and vessel improvements | $ | 227,705 | $ | 129,384 | $ | 156,705 | $ | 63,855 | |||||||||
Containers | 39,894 | 24,710 | 35,604 | 20,573 | |||||||||||||
Chassis | 20,435 | 11,847 | 13,745 | 5,626 | |||||||||||||
Cranes | 27,409 | 12,088 | 28,070 | 13,371 | |||||||||||||
Machinery & equipment | 34,367 | 11,784 | 32,088 | 10,535 | |||||||||||||
Facilities & land improvement | 30,065 | 21,171 | 29,862 | 22,508 | |||||||||||||
Software | 24,177 | 1,041 | 23,562 | 1,308 | |||||||||||||
Construction in progress | 14,813 | 14,813 | 22,274 | 22,274 | |||||||||||||
Total | $ | 418,865 | $ | 226,838 | $ | 341,910 | $ | 160,050 | |||||||||
On January 31, 2013, the Company, through its newly-formed subsidiary Horizon Alaska, acquired off of charter the Vessels for a purchase price of $91.8 million. The charter for the Vessels was due to expire in January 2015. For each chartered vessel, the Company generally had the following options in connection with the expiration of the charter: (i) purchase the vessel for its fixed price or fair market value, (ii) extend the charter for an agreed upon period of time at a fixed price or fair market value charter rate or, (iii) return the vessel to its owner. The $91.8 million purchase price was partially offset by certain liabilities, including an unfavorable lease liability and accrued vessel rent, to arrive at the Vessels’ carrying value as of the purchase date of $75.2 million. | |||||||||||||||||
The majority of depreciation expense is related to vessels. Depreciation expense related to vessels was $13.4 million, $9.7 million and $10.4 million for the years ended December 22, 2013, December 23, 2012 and December 25, 2011, respectively. Depreciation expense related to capitalized software was $0.9 million, $1.0 million and $1.7 million for the years ended December 22, 2013, December 23, 2012 and December 25, 2011, respectively. Depreciation expense related to assets recorded under capital lease was $1.4 million, $0.9 million and $0.6 million during the years ended December 22, 2013, December 23, 2012 and December 25, 2011, respectively. |
Intangible_Assets
Intangible Assets | 12 Months Ended | ||||||||
Dec. 22, 2013 | |||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||
Intangible Assets | ' | ||||||||
8 | Intangible Assets | ||||||||
Intangible assets other than goodwill consist of the following (in thousands): | |||||||||
December 22, | December 23, | ||||||||
2013 | 2012 | ||||||||
Customer contracts/relationships | $ | 141,430 | $ | 141,430 | |||||
Trademarks | 63,800 | 63,800 | |||||||
Deferred financing costs | 15,691 | 13,781 | |||||||
Total intangibles with definite lives | 220,921 | 219,011 | |||||||
Less: accumulated amortization | (185,767 | ) | (170,438 | ) | |||||
Total intangible assets, net | $ | 35,154 | $ | 48,573 | |||||
Estimated annual amortization expense associated with the Company’s definite lived intangible assets for each of the succeeding five fiscal years is as follows (in thousands): | |||||||||
Fiscal Year Ending | |||||||||
2014 | $ | 9,863 | |||||||
2015 | 7,638 | ||||||||
2016 | 7,101 | ||||||||
2017 | 4,253 | ||||||||
2018 | 4,253 | ||||||||
Due to the announced shutdown of the Company’s FSX service and deterioration in earnings during 2011, the Company recorded an estimated goodwill impairment charge of $117.5 million in the fiscal third quarter ended September 25, 2011. The impairment charge represented the Company’s best estimate of the interim goodwill impairment. The Company recorded an estimated charge, because it had not yet completed its interim goodwill impairment analysis due to complexities involved in determining the implied fair value of its goodwill. The Company completed its interim goodwill impairment analysis during the fourth quarter of 2011 and recorded an adjustment to decrease the estimated goodwill impairment charge by $2.2 million. The carrying value of goodwill and accumulated goodwill impairment charges as of the end of 2011 was $198.8 million and $135.9 million, respectively. There have been no goodwill impairment charges since 2011. | |||||||||
The Company used the income approach, specifically a discounted cash flow method, to derive the fair value of the Company’s reporting unit for goodwill impairment assessment, because there are not observable inputs available (Level 3 hierarchy as defined by ASC 820, Fair Value Measurement). This approach calculates fair value by estimating the after-tax cash flows attributable to the Company’s reporting unit and then discounts the after-tax cash flows to a present value using a risk-adjusted discount rate. The Company selected this method as the most meaningful in assessing goodwill for impairment, because it most reasonably measures the Company’s income producing assets. The Company considered using the market approach and the cost approach, but concluded they are not appropriate in valuing its reporting unit given the lack of relevant market comparisons available for application of the market approach and the inability to reasonably replicate the value of the specific assets within its reporting unit for application of the cost approach. However, market approach information was incorporated into the Company’s test to ensure the reasonableness of the Company’s conclusions on estimated value under the income approach. | |||||||||
In applying the income approach to its accounting for goodwill, the Company made assumptions about the amount and timing of future expected cash flows, vessel replacement plans, terminal value growth rates and the discount rate. The amount and timing of future cash flows within the discounted cash flow analysis is based on the Company’s most recent operational budgets, long range strategic plans and other estimates. The terminal value growth rate is used to calculate the value of cash flows beyond the last projected period in the Company’s discounted cash flow analysis (the terminal period) and reflects the Company’s best estimate for perpetual growth of its reporting unit. The Company used a discount rate of 15% to apply to the reporting unit’s future expected cash flows in the terminal period as the discount rate represents the best estimate of the Company’s weighted-average costs of capital at the goodwill impairment assessment date. The discount rate used in the estimate of fair value considered the Company’s actual cost of capital on the October 5, 2011 comprehensive refinancing date (see Note 3 for further discussion). | |||||||||
The Company completed its interim goodwill impairment analysis in the fourth quarter of 2011 and determined the actual amount of goodwill impairment for 2011. The Company’s impairment analysis indicated the fair value of long term assets, including property, plant, and equipment, and customer contracts, exceeded book value. Thus, the goodwill impairment was a result of both the deterioration in earnings and the appreciation in value of certain of the Company’s underlying assets. The 2011 goodwill impairment charge is included in operating expenses in the accompanying consolidated statement of operations. | |||||||||
The Company’s performed its annual goodwill impairment test during the fourth quarter of 2013 and 2012. Fair value, as calculated using the methodology above, exceeded book value and step two was not necessary. |
Other_Accrued_Liabilities
Other Accrued Liabilities | 12 Months Ended | ||||||||
Dec. 22, 2013 | |||||||||
Payables And Accruals [Abstract] | ' | ||||||||
Other Accrued Liabilities | ' | ||||||||
9 | Other Accrued Liabilities | ||||||||
Other accrued liabilities consist of the following (in thousands): | |||||||||
December 22, | December 23, | ||||||||
2013 | 2012 | ||||||||
Vessel operations | $ | 12,286 | $ | 14,592 | |||||
Payroll and employee benefits | 16,101 | 13,409 | |||||||
Marine operations | 5,382 | 7,677 | |||||||
Terminal operations | 8,477 | 8,765 | |||||||
Fuel | 5,193 | 5,546 | |||||||
Interest | 6,817 | 4,946 | |||||||
Legal settlements | 4,382 | 6,500 | |||||||
Restructuring | 587 | 4,180 | |||||||
Other liabilities | 18,181 | 21,743 | |||||||
Total other accrued liabilities | $ | 77,406 | $ | 87,358 | |||||
The Company has recorded certain of its legal settlements at their net present value and is recording accretion of the liability balance through interest expense. In addition to the current accrued liabilities related to legal settlements, the Company also has commitments to make payments after December 22, 2014. The Company is required to make payments related to the plea agreement with the Antitrust Division of the Department of Justice of $4.0 million on or before March 24, 2015 and $4.0 million on or before March 21, 2016, both of which are included in other long term liabilities. |
Fair_Value_Measurement
Fair Value Measurement | 12 Months Ended | ||||||||||||||||
Dec. 22, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value Measurement | ' | ||||||||||||||||
10 | Fair Value Measurement | ||||||||||||||||
U.S. accounting standards establish a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs when determining fair value. The three levels of inputs used to measure fair value are as follows: | |||||||||||||||||
Level 1: | Observable inputs such as quoted prices in active markets | ||||||||||||||||
Level 2: | Inputs other than the quoted prices in active markets that are observable either directly or indirectly | ||||||||||||||||
Level 3: | Unobservable inputs in which there is little or no market data, which requires the Company to develop its own assumptions | ||||||||||||||||
As of December 22, 2013, the Company’s liabilities measured at fair value on a recurring basis are as follows: | |||||||||||||||||
Quoted | Significant | Significant | Total | ||||||||||||||
Prices in | Other | Unobservable | |||||||||||||||
Active | Observable | Inputs | |||||||||||||||
Markets for | Inputs | (Level 3) | |||||||||||||||
Identical | (Level 2) | ||||||||||||||||
Assets | |||||||||||||||||
(Level 1) | |||||||||||||||||
Conversion features within Series A Notes (Note 3) | $ | — | $ | — | $ | 120 | $ | 120 | |||||||||
Total liabilities | $ | — | $ | — | $ | 120 | $ | 120 | |||||||||
As of December 23, 2012, the Company’s liabilities measured at fair value on a recurring basis are as follows: | |||||||||||||||||
Quoted | Significant | Significant | Total | ||||||||||||||
Prices in | Other | Unobservable | |||||||||||||||
Active | Observable | Inputs | |||||||||||||||
Markets for | Inputs | (Level 3) | |||||||||||||||
Identical | (Level 2) | ||||||||||||||||
Assets | |||||||||||||||||
(Level 1) | |||||||||||||||||
Conversion features within Series A Notes (Note 3) | $ | — | $ | — | $ | 392 | $ | 392 | |||||||||
Total liabilities | $ | — | $ | — | $ | 392 | $ | 392 | |||||||||
Net_Loss_Income_Per_Common_Sha
Net (Loss) Income Per Common Share | 12 Months Ended | ||||||||||||
Dec. 22, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Net (Loss) Income Per Common Share | ' | ||||||||||||
11 | Net (Loss) Income Per Common Share | ||||||||||||
Basic net (loss) income per share is computed by dividing net (loss) income by the weighted daily average number of shares of common stock outstanding during the period. In periods when the Company generates net income from continued operations, diluted net (loss) income per share is based upon the weighted daily average number of shares of common stock outstanding for the period plus dilutive potential common shares, including stock options, restricted stock units, and warrants to purchase common stock, using the treasury-stock method and from convertible stock using the “if converted” method (in thousands, except per share amounts): | |||||||||||||
Fiscal Years Ended | |||||||||||||
December 22, | December 23, | December 25, | |||||||||||
2013 | 2012 | 2011 | |||||||||||
Numerator: | |||||||||||||
Loss from continuing operations | $ | (33,354 | ) | $ | (74,403 | ) | $ | (53,194 | ) | ||||
Income (loss) from discontinued operations | 1,421 | (20,295 | ) | (176,223 | ) | ||||||||
Net loss | $ | (31,933 | ) | $ | (94,698 | ) | $ | (229,417 | ) | ||||
Denominator: | |||||||||||||
Denominator for basic loss per common share: | |||||||||||||
Weighted average shares outstanding | 36,498 | 22,794 | 1,464 | ||||||||||
Effect of dilutive securities: | |||||||||||||
Stock-based compensation | — | — | — | ||||||||||
Warrants | — | — | — | ||||||||||
Denominator for diluted net loss per common share | 36,498 | 22,794 | 1,464 | ||||||||||
Basic net loss per common share from continuing operations | $ | (0.91 | ) | $ | (3.26 | ) | $ | (36.33 | ) | ||||
Basic net income (loss) per common share from discontinued operations | 0.04 | (0.89 | ) | (120.37 | ) | ||||||||
Basic net loss per common share | $ | (0.87 | ) | $ | (4.15 | ) | $ | (156.70 | ) | ||||
Diluted net loss per common share from continuing operations | $ | (0.91 | ) | $ | (3.26 | ) | $ | (36.33 | ) | ||||
Diluted net income (loss) per common share from discontinued operations | 0.04 | (0.89 | ) | (120.37 | ) | ||||||||
Diluted net loss per common share | $ | (0.87 | ) | $ | (4.15 | ) | $ | (156.70 | ) | ||||
Warrants outstanding to purchase 52.6 million, 57.2 million and 0.9 million common shares have been excluded from the denominator during the years ended December 22, 2013, December 23, 2012 and December 25, 2011, respectively, as the impact would be anti-dilutive. In addition, a total of 5.9 million and 2.9 million shares related to RSUs have been excluded from the denominator during the years ended December 22, 2013 and December 23, 2012, respectively, as the impact would be anti-dilutive. | |||||||||||||
Certain of the Company’s unvested stock-based awards during 2012 and 2011 contained non-forfeitable rights to dividends. In periods when the Company generates net income from continuing operations, shares are included in the denominator for these participating securities. However, in periods when the Company generates a net loss from continuing operations, shares are excluded from the denominator for these participating securities as the impact would be anti-dilutive. A total of 3 thousand and 5 thousand shares have been excluded from the denominator for basic net loss per share during the years ended December 23, 2012 and December 25, 2011, respectively. | |||||||||||||
On August 27, 2012, the Company adopted a rights plan (the “Rights Plan”) intended to avoid an “ownership change” within the meaning of Section 382 of the Internal Revenue Code of 1986, as amended, and thereby preserve the current ability of the Company to utilize certain net operating loss carryovers and other tax benefits of the Company. As part of the Rights Agreement, the Company authorized and declared a dividend distribution of one right (a “Right”) for each outstanding share of Common Stock to stockholders of record at the close of business on September 7, 2012. Each Right entitles the holder to purchase from the Company a unit consisting of one ten-thousandth of a share (a “Unit”) of Series A Participating Preferred Stock, par value $0.01 per share, of the Company (the “Preferred Stock”) at a purchase price of $8.00 per Unit, subject to adjustment (the “Purchase Price”). Until a Right is exercised, the holder thereof, as such, will have no separate rights as a stockholder of the Company, including the right to vote or to receive dividends in respect of Rights. The issuance of the Rights alone does not cause any change in the number of shares deliverable upon the exercise of the Company’s outstanding warrants or convertible notes, or the exercise price or conversion price (as applicable) thereof. The Company intends to (i) include in its proxy statement for the Company’s 2014 Annual Meeting of Stockholders a proposal soliciting stockholder approval of the Rights Plan or (ii) repeal the Rights Plan prior to the 2014 Annual Meeting. In the event that the Company elects to include a proposal to approve the Rights Plan in the proxy statement, and the Company does not receive the affirmative vote of the majority of shares present in person or represented by proxy at the 2014 Annual Meeting of Stockholders and entitled to vote on the matter, then the Company intends to take action to repeal the Rights Plan. |
Leases
Leases | 12 Months Ended | ||||||||
Dec. 22, 2013 | |||||||||
Leases [Abstract] | ' | ||||||||
Leases | ' | ||||||||
12 | Leases | ||||||||
The Company leases certain equipment and facilities under operating lease agreements. Non-cancelable, long-term leases generally include provisions for maintenance, options to purchase at fair value and to extend the terms. Rent expense under operating lease agreements totaled $51.2 million, $71.3 million and $110.6 million for the years ended December 22, 2013, December 23, 2012 and December 25, 2011, respectively. | |||||||||
Future minimum lease obligations at December 22, 2013 are as follows (in thousands): | |||||||||
Fiscal Year Ending December | Non-Cancelable | Capital | |||||||
Operating | Leases | ||||||||
Leases | |||||||||
2014 | $ | 49,702 | $ | 4,730 | |||||
2015 | 48,283 | 4,685 | |||||||
2016 | 13,308 | 3,712 | |||||||
2017 | 9,109 | 1,685 | |||||||
2018 | 6,872 | 42 | |||||||
Thereafter | 9,709 | — | |||||||
Total future minimum lease obligation | $ | 136,983 | 14,854 | ||||||
Less: amounts representing interest | (2,439 | ) | |||||||
Present value of future minimum lease obligation | 12,415 | ||||||||
Current portion of capital lease obligation | (3,598 | ) | |||||||
Long-term portion of capital lease obligation | $ | 8,817 | |||||||
Employee_Benefit_Plans
Employee Benefit Plans | 12 Months Ended | ||||||||||||||||||||||||||
Dec. 22, 2013 | |||||||||||||||||||||||||||
Compensation And Retirement Disclosure [Abstract] | ' | ||||||||||||||||||||||||||
Employee Benefit Plans | ' | ||||||||||||||||||||||||||
13 | Employee Benefit Plans | ||||||||||||||||||||||||||
Savings Plans | |||||||||||||||||||||||||||
The Company provides a 401(k) Savings Plan for substantially all of its employees who are not part of collective bargaining agreements. Under provisions of the savings plan, an employee is immediately vested with respect to Company contributions. Historically, the Company has matched 100% of employee contributions up to 6% of qualified compensation. However, during the fourth quarter of 2009, the Company reduced its match to 50% of employee contributions up to 6% of qualified compensation. At the beginning of 2012, the Company reinstated the 100% match of employee contributions of up to 6% of qualified compensation. The cost for this benefit totaled $1.8 million during each of the years ended December 22, 2013 and December 23, 2012 and $1.0 million for the year ended December 25, 2011. The Company also administers a 401(k) plan for certain union employees with no Company match. | |||||||||||||||||||||||||||
Pension and Post-Retirement Benefit Plans | |||||||||||||||||||||||||||
The Company provides pension and post-retirement benefit plans for certain of its union workers. Each of the plans is described in more detail below. | |||||||||||||||||||||||||||
Pension Plans | |||||||||||||||||||||||||||
The Company sponsors a defined benefit plan covering approximately 30 current and retired union employees as of December 22, 2013. The plan provides for retirement benefits based only upon years of service. Employees whose terms and conditions of employment are subject to or covered by the collective bargaining agreement between Horizon Lines and the International Longshore & Warehouse Union Local 142 are eligible to participate once they have completed one year of service. Contributions to the plan are based on the projected unit credit actuarial method and are limited to the amounts that are currently deductible for income tax purposes. The Company recorded net periodic benefit costs of $0.8 million, $0.6 million, and $0.7 million during the years ended December 22, 2013, December 23, 2012 and December 25, 2011, respectively. The plan was underfunded by $2.5 million and $2.9 million at December 22, 2013 and December 23, 2012, respectively. | |||||||||||||||||||||||||||
The HSI pension plan covering approximately 50 salaried employees was frozen to new entrants as of December 31, 2005. Contributions to the plan are based on the projected unit credit actuarial method and are limited to the amounts that are currently deductible for income tax purposes. The Company recorded net periodic benefit costs of $0.2 million, $0.3 million, and $0.2 million during the years ended December 22, 2013, December 23, 2012 and December 25, 2011, respectively. The plan was underfunded by $1.8 million and $3.1 million at December 22, 2013 and December 23, 2012, respectively. | |||||||||||||||||||||||||||
Post-retirement Benefit Plans | |||||||||||||||||||||||||||
In addition to providing pension benefits, the Company provides certain healthcare (both medical and dental) and life insurance benefits for eligible retired members (“post-retirement benefits”). For eligible employees hired on or before July 1, 1996, the healthcare plan provides for post-retirement health coverage for an employee who, immediately preceding his/her retirement date, was an active participant in the retirement plan and has attained age 55 as of his/her retirement date. For eligible employees hired after July 1, 1996, the plan provides post-retirement health coverage for an employee who, immediately preceding his/her retirement date, was an active participant in the retirement plan and has attained a combination of age and service totaling 75 years or more as of his/her retirement date. The net periodic benefit costs related to the post-retirement benefits were $0.6 million during each of the years ended December 22, 2013 and December 23, 2012, and $0.7 million during the year ended December 25, 2011. The post-retirement benefit plan was underfunded by $5.4 million and $6.1 million at December 22, 2013 and December 23, 2012, respectively. | |||||||||||||||||||||||||||
Effective June 25, 2007, the HSI plan provides for post-retirement medical, dental and life insurance benefits for salaried employees who had attained age 55 and completed 20 years of service as of December 31, 2005. Any salaried employee already receiving post-retirement medical coverage as of June 25, 2007 will continue to be covered by the plan. For eligible union employees hired on or before July 1, 1996, the healthcare plan provides for post-retirement medical coverage for an employee who, immediately preceding his/her retirement date, was an active participant in the retirement plan and has attained age 55 as of his/her retirement date. For eligible union employees hired after July 1, 1996, the plan provides post-retirement health coverage for an employee who, immediately preceding his/her retirement date, was an active participant in the retirement plan and has attained age 55 and has a combination of age and service totaling 75 years or more as of his/her retirement date. The Company recorded net periodic benefit costs of $0.3 million during each of the years ended December 22, 2013 and December 23, 2012, and $0.4 million during the year ended December 25, 2011. The plan was underfunded by $4.8 million and $5.0 million at December 22, 2013 and December 23, 2012, respectively. | |||||||||||||||||||||||||||
Obligations and Funded Status | |||||||||||||||||||||||||||
Pension Plans | Post-retirement | ||||||||||||||||||||||||||
Benefit Plans | |||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||
Change in Benefit Obligation: | |||||||||||||||||||||||||||
Beginning obligations | $ | (15,619 | ) | $ | (12,184 | ) | $ | (11,122 | ) | $ | (10,077 | ) | |||||||||||||||
Service cost | (549 | ) | (452 | ) | (327 | ) | (275 | ) | |||||||||||||||||||
Interest cost | (638 | ) | (662 | ) | (461 | ) | (522 | ) | |||||||||||||||||||
Actuarial (loss) gain | 1,635 | (2,739 | ) | 1,454 | (474 | ) | |||||||||||||||||||||
Benefits paid | 442 | 418 | 226 | 226 | |||||||||||||||||||||||
Ending obligations | (14,729 | ) | (15,619 | ) | (10,230 | ) | (11,122 | ) | |||||||||||||||||||
Change in Plans’ Assets: | |||||||||||||||||||||||||||
Beginning fair value | 9,606 | 8,558 | — | — | |||||||||||||||||||||||
Actual return on plans’ assets | 678 | 799 | — | — | |||||||||||||||||||||||
Employer contributions | 589 | 667 | — | — | |||||||||||||||||||||||
Benefits paid | (442 | ) | (418 | ) | — | — | |||||||||||||||||||||
Ending fair value | 10,431 | 9,606 | — | — | |||||||||||||||||||||||
Funded status at end of year | $ | (4,298 | ) | $ | (6,013 | ) | $ | (10,230 | ) | $ | (11,122 | ) | |||||||||||||||
Net Periodic Benefit Cost | |||||||||||||||||||||||||||
Pension Plans | Post-retirement | ||||||||||||||||||||||||||
Benefit Plans | |||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||
Service cost | $ | 549 | $ | 452 | $ | 327 | $ | 275 | |||||||||||||||||||
Interest cost | 638 | 662 | 461 | 522 | |||||||||||||||||||||||
Expected return on plan assets | (715 | ) | (640 | ) | — | — | |||||||||||||||||||||
Amortization of prior service cost | 254 | 254 | 103 | 103 | |||||||||||||||||||||||
Amortization of transition obligation | 102 | 102 | — | — | |||||||||||||||||||||||
Amortization of loss (gain) | 170 | 137 | (63 | ) | (70 | ) | |||||||||||||||||||||
Net periodic benefit cost | $ | 998 | $ | 967 | $ | 828 | $ | 830 | |||||||||||||||||||
Rate Assumptions | |||||||||||||||||||||||||||
Pension | Post-retirement | ||||||||||||||||||||||||||
Benefits | Benefits | ||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||
Weighted-average discount rate used in determining net periodic cost | 4.2 | % | 5.3 | % | 4.2 | % | 5.3 | % | |||||||||||||||||||
Weighted-average expected long-term rate of return on plan assets in determination of net periodic costs | 7.5 | % | 7.5 | % | 0 | % | 0 | % | |||||||||||||||||||
Weighted-average rate of compensation increase(1) | 0 | % | 0 | % | 0 | % | 0 | % | |||||||||||||||||||
Weighted-average discount rate used in determination of projected benefit obligation | 4.8 | % | 4.2 | % | 4.9 | % | 4.2 | % | |||||||||||||||||||
Assumed health care cost trend: | |||||||||||||||||||||||||||
Initial trend | N/A | N/A | 7.5 | % | 8 | % | |||||||||||||||||||||
Ultimate trend rate | N/A | N/A | 5 | % | 4.5 | % | |||||||||||||||||||||
-1 | The defined benefit plan benefit payments are not based on compensation, but rather on years of service. | ||||||||||||||||||||||||||
For every 1% increase in the assumed health care cost trend rate, service and interest cost will increase $0.2 million and the Company’s benefit obligation will increase $1.4 million. For every 1% decrease in the assumed health care cost trend rate, service and interest cost will decrease $0.1 million and the Company’s benefit obligation will decrease $1.1 million. Expected Company contributions during 2014 total $1.3 million, all of which is related to the pension plans. The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid (in thousands): | |||||||||||||||||||||||||||
Fiscal Year Ending | Pension | Post-retirement | |||||||||||||||||||||||||
Benefits | Benefits | ||||||||||||||||||||||||||
2014 | $ | 565 | $ | 326 | |||||||||||||||||||||||
2015 | 602 | 333 | |||||||||||||||||||||||||
2016 | 607 | 345 | |||||||||||||||||||||||||
2017 | 666 | 378 | |||||||||||||||||||||||||
2018 | 761 | 373 | |||||||||||||||||||||||||
2019-2023 | 4,324 | 2,087 | |||||||||||||||||||||||||
$ | 7,525 | $ | 3,842 | ||||||||||||||||||||||||
The Company’s pension plans’ investment policy and weighted average asset allocations at December 22, 2013 and December 23, 2012 by asset category are as follows: | |||||||||||||||||||||||||||
Asset Category | Pension Benefits at | Pension Benefits at | |||||||||||||||||||||||||
December 22, | December 23, | ||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||
Cash | 4 | % | 3 | % | |||||||||||||||||||||||
Equity securities | 59 | % | 62 | % | |||||||||||||||||||||||
Debt securities | 37 | % | 35 | % | |||||||||||||||||||||||
100 | % | 100 | % | ||||||||||||||||||||||||
The objective of the pension plan investment policy is to grow assets in relation to liabilities, while prudently managing the risk of a decrease in the pension plans’ assets. The pension plan management committee has established a target investment mix with upper and lower limits for investments in equities, fixed-income and other appropriate investments. Assets will be re-allocated among asset classes from time-to-time to maintain the target investment mix. The committee has established a target investment mix of 65% equities and 35% fixed-income for the plans. All pension plan assets are classified within Level 1 of the fair value hierarchy. | |||||||||||||||||||||||||||
The expected return on plan assets is based on the asset allocation mix and historical return, taking into account current and expected market conditions. | |||||||||||||||||||||||||||
Other Plans | |||||||||||||||||||||||||||
Under collective bargaining agreements, the Company participates in a number of union-sponsored, multi-employer benefit plans. Payments to these plans are made as part of aggregate assessments generally based on hours worked, tonnage moved, or a combination thereof. Expense for these plans is recognized as contributions are funded. | |||||||||||||||||||||||||||
The Company participates in the following multi-employer health and benefit plans: | |||||||||||||||||||||||||||
EIN/Pension Plan | 5% | Multi-employer | Surcharge | Expiration Date of | |||||||||||||||||||||||
Number | Contributor | Contributions | Imposed | Collective Bargaining | |||||||||||||||||||||||
(in thousands) | Agreement | ||||||||||||||||||||||||||
Health and Benefits Fund | 2013 | 2012 | 2011 | ||||||||||||||||||||||||
ILA — PRSSA Welfare Fund | 66-0214500 - 501 | Yes | $ | 2,975 | $ | 3,288 | $ | 3,159 | No | September 30, 2014 | |||||||||||||||||
MEBA Medical and Benefits Plan | 13-5590515 - 501 | Yes | 2,569 | 2,505 | 2,876 | No | 15-Jun-22 | ||||||||||||||||||||
MM&P Health and Benefit Plan | 13-6696938 - 501 | Yes | 2,115 | 2,223 | 2,780 | No | 15-Jun-17 | ||||||||||||||||||||
Alaska Teamster — Employer Welfare Trust | 91-6034674 - 501 | Yes | 2,300 | 2,740 | 3,064 | No | 30-Jun-15 | ||||||||||||||||||||
All Alaska Longshore Health and Welfare Trust Fund | 91-6070467 - 501 | Yes | 2,231 | 2,097 | 2,112 | No | 30-Jun-15 | ||||||||||||||||||||
Seafarers Health and Benefits Plan(1) | 13-5557534 - 501 | Yes | 5,150 | 4,845 | 6,263 | No | 30-Jun-17 | ||||||||||||||||||||
Western Teamsters Welfare Trust | 91-6033601 - 501 | No | 3,282 | 3,434 | 2,731 | No | 31-Mar-13 | ||||||||||||||||||||
Office and Professional Employees Welfare Fund | 23-7120690 - 501 | No | 127 | 116 | 139 | No | 9-Nov-14 | ||||||||||||||||||||
Stevedore Industry Committee Welfare Benefit Plan | 99-0313967 - 501 | Yes | 2,982 | 3,074 | 3,265 | No | 30-Jun-14 | ||||||||||||||||||||
$ | 23,731 | $ | 24,322 | $ | 26,389 | ||||||||||||||||||||||
-1 | Contributions made to the Seafarers Health and Benefits Plan are re-allocated to the Seafarers Pension Fund at the discretion of the plan Trustee. | ||||||||||||||||||||||||||
The Company participates in the following multi-employer pension plans: | |||||||||||||||||||||||||||
EIN/Pension Plan | Pension | FIP/RP | 5% | Multi-employer | Surcharge | Expiration Date of | |||||||||||||||||||||
Number | Protection Act | Status | Contributor | Contributions | Imposed | Collective | |||||||||||||||||||||
Zone Status | Pending/ | (in thousands) | Bargaining | ||||||||||||||||||||||||
Pension Fund | 2013 | 2012 | Implemented | 2013 | 2012 | 2011 | Agreement | ||||||||||||||||||||
ILA-PRSSA Pension Fund | 51-0151862 - 001 | Green | Green | No | Yes | $ | 2,967 | $ | 2,698 | $ | 2,391 | No | September 30, 2014 | ||||||||||||||
MEBA Pension Trust | 51-6029896 - 001 | Green | Green | No | No | 2,624 | 2,191 | — | No | 15-Jun-22 | |||||||||||||||||
Masters, Mates and Pilots Pension Plan | 13-6372630 - 001 | Green | Green | No | Yes | 2,602 | 3,435 | 4,457 | No | 15-Jun-17 | |||||||||||||||||
Masters, Mates and Pilots Adjustable Pension Plan | 46-2237700 - 001 | N/A | N/A | No | Yes | 488 | — | — | 15-Jun-17 | ||||||||||||||||||
Local 153 Pension Fund | 13-2864289 - 001 | Red | Red | Implemented | No | 311 | 275 | 330 | No | 9-Nov-14 | |||||||||||||||||
Alaska Teamster- Employer Pension Plan | 92-6003463 - 024 | Red | Red | Implemented | Yes | 2,648 | 3,340 | 3,210 | Yes | 30-Jun-15 | |||||||||||||||||
All Alaska Longshore Pension Plan | 91-6085352 - 001 | Green | Green | No | Yes | 960 | 876 | 846 | No | 30-Jun-15 | |||||||||||||||||
Seafarers Pension Fund(1) | 13-6100329 - 001 | Green | Green | No | Yes | — | — | — | No | 30-Jun-17 | |||||||||||||||||
Western Conference of Teamsters Pension Plan | 91-6145047 - 001 | Green | Green | No | No | 3,899 | 4,239 | 4,717 | No | 31-Mar-13 | |||||||||||||||||
Western Conference of Teamsters Supplemental Benefit Trust | 95-3746907 - 001 | Green | Green | No | Yes | 361 | 340 | 203 | No | 31-Mar-13 | |||||||||||||||||
Western States Office and Professional Employees Pension Fund | 94-6076144 - 001 | Red | Red | Implemented | No | 96 | 71 | 81 | No | 9-Nov-14 | |||||||||||||||||
Hawaii Stevedoring Multiemployer Pension Plan | 99-0314293 - 001 | Yellow | Yellow | Implemented | Yes | 3,310 | 3,151 | 2,631 | No | 30-Jun-14 | |||||||||||||||||
Hawaii Terminals Multiemployer Pension Plan | 20-0389370 - 001 | Yellow | Yellow | Implemented | No | 281 | 237 | 277 | No | 30-Jun-14 | |||||||||||||||||
NYSA-ILA Pension Trust Fund and Plan(2) | 13-5652028 - 001 | Red | Red | Implemented | No | 5,573 | 1,072 | 852 | Yes | N/A | |||||||||||||||||
$ | 26,120 | $ | 21,925 | $ | 19,995 | ||||||||||||||||||||||
-1 | The Company does not make contributions directly to the Seafarers Pension Plan. Instead, contributions are made to the Seafarers Health and Benefits Plan and subsequently re-allocated to the Seafarers Pension Fund at the discretion of the plan Trustee. | ||||||||||||||||||||||||||
-2 | The Company does not have a collective bargaining agreement with the NYSA-ILA Pension Trust Fund and Plan. Contributions made during 2013 primarily related to withdrawal from the Port of Elizabeth’s multiemployer pension plan. |
StockBased_Compensation
Stock-Based Compensation | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 22, 2013 | |||||||||||||||||||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||||||||||||||||||||||
Stock-Based Compensation | ' | ||||||||||||||||||||||||||||||||
14 | Stock-Based Compensation | ||||||||||||||||||||||||||||||||
Stock-based compensation costs are measured at the grant date, based on the estimated fair value of the award, and are recognized as an expense in the income statement over the requisite service period. Compensation costs related to stock options, restricted shares and restricted stock units (“RSUs”) granted under the Amended and Restated Equity Incentive Plan (the “Plan”), the 2009 Incentive Compensation Plan (the “2009 Plan”) the 2012 Incentive Compensation Plan (“the 2012 Plan”), and purchases under the Employee Stock Purchase Plan, as amended (“ESPP”) are recognized using the straight-line method, net of estimated forfeitures. Under the Plan, up to an aggregate of 123,546 shares of common stock may be issued, of which, no shares are available for future issuance as of December 22, 2013. Under the 2009 Plan, up to an aggregate of 40,000 shares of common stock may be issued, of which, 37,390 shares are available for future issuance as of December 22, 2013. Under the 2012 Plan, up to an aggregate of 4,450,000 shares of common stock may be issued, of which, 914,166 shares are available for future issuance as of December 22, 2013. Stock options and restricted shares granted to employees under the Plan and the 2009 Plan typically cliff vest and become fully exercisable on the third anniversary of the grant date, provided the employee who was granted such options/restricted shares is continuously employed by the Company or its subsidiaries through such date, and provided any performance based criteria, if any, are met. RSUs granted under the 2012 Plan typically contain a graded vesting schedule with a portion vesting each year over a three-year period. | |||||||||||||||||||||||||||||||||
The following compensation costs are included within selling, general, and administrative expenses on the consolidated statements of operations (in thousands): | |||||||||||||||||||||||||||||||||
Fiscal Years Ended | |||||||||||||||||||||||||||||||||
December 22, | December 23, | December 25, | |||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||
Restricted stock units | $ | 2,764 | $ | 2,006 | $ | 81 | |||||||||||||||||||||||||||
Restricted stock | 131 | 163 | 586 | ||||||||||||||||||||||||||||||
Stock options | — | — | 60 | ||||||||||||||||||||||||||||||
Employee stock purchase plan | — | — | 31 | ||||||||||||||||||||||||||||||
Total | $ | 2,895 | $ | 2,169 | $ | 758 | |||||||||||||||||||||||||||
Restricted Stock Units | |||||||||||||||||||||||||||||||||
The following table details grants of RSUs during 2012 and 2013: | |||||||||||||||||||||||||||||||||
Grant Date | Recipient | Total | Vesting Criteria | RSUs Vested | Potential Future Vesting Dates | ||||||||||||||||||||||||||||
RSUs | as of | ||||||||||||||||||||||||||||||||
Outstanding | December 22, | ||||||||||||||||||||||||||||||||
2013 | December 31, | March 31, | December 31, | March 31, | June 30, | ||||||||||||||||||||||||||||
2013 | 2014 | 2014 | 2015 | 2015 | |||||||||||||||||||||||||||||
5-Jul-12 | CEO | 1,500,000 | Time-Based | 250,000 | 500,000 | — | 500,000 | — | 250,000 | ||||||||||||||||||||||||
5-Jul-12 | CEO | 1,500,000 | Performance-Based | — | — | — | 1,500,000 | — | — | ||||||||||||||||||||||||
25-Jul-12 | Board of | 900,000 | Time-Based | 180,000 | — | 360,000 | — | 360,000 | — | ||||||||||||||||||||||||
Directors | |||||||||||||||||||||||||||||||||
25-Jul-12 | Management | 1,109,584 | Time-Based | 221,917 | — | 443,833 | — | 443,834 | — | ||||||||||||||||||||||||
25-Jul-12 | Management | 1,109,583 | Performance-Based | — | — | — | — | 1,109,583 | — | ||||||||||||||||||||||||
December 26, 2012 | Management | 120,834 | Time-Based | — | 72,500 | — | 48,334 | — | |||||||||||||||||||||||||
26-Dec-12 | Management | 120,833 | Performance-Based | — | — | — | — | 120,833 | — | ||||||||||||||||||||||||
1-Jun-13 | Management | 87,500 | Time-Based | — | 52,500 | — | 35,000 | — | |||||||||||||||||||||||||
1-Jun-13 | Management | 87,500 | Performance-Based | — | — | — | — | 87,500 | — | ||||||||||||||||||||||||
651,917 | 500,000 | 928,833 | 2,000,000 | 2,205,084 | 250,000 | ||||||||||||||||||||||||||||
The grant date fair value of the RSUs granted during 2012 and 2013 was determined using the closing price of the Company’s common stock on the grant date. The time-based RSUs will vest solely if the employee remains in continuous employment with the Company. A portion of the performance-based RSUs would have vested on March 31, 2013 and March 31, 2014, however, the Company did not meet the performance goals established for 2012 or 2013. Accordingly, the Company did not record any expense during 2012 or 2013 related to these performance-based RSUs. Per the terms of the agreement, if any of the performance-based RSUs do not vest on their assigned performance date solely because the performance goals are not met, then such RSUs shall remain outstanding and shall be eligible to vest on subsequent performance dates to the extent performance goals are established and met for such subsequent year. The performance-based RSUs will vest on December 31, 2014 and March 31, 2015 if certain performance goals for 2014 are met and the employee remains in continuous employment with the Company. | |||||||||||||||||||||||||||||||||
Each vested RSU shall be settled within 30 days following termination of the employment with the Company or termination of the director’s service as a member of the Board of Directors. All of the vested RSUs granted to the Company’s Chief Executive Officer and members of its Board of Directors shall be settled in shares of the Company’s common stock. Fifty percent of the vested RSUs granted to members of the Company’s management shall be settled in shares of the Company’s common stock and the remaining 50% of such vested RSUs shall be settled, in the discretion of the Compensation Committee of the Board of Directors of the Company (the “Compensation Committee”), either in shares of the Company’s common stock, cash or any combination thereof. The amount of any cash is to be determined based on the value of a share of the Company’s common stock on the settlement date. | |||||||||||||||||||||||||||||||||
A summary of the status of the Company’s RSU awards for the fiscal year 2013 is presented below: | |||||||||||||||||||||||||||||||||
Restricted Stock Units | Number of | Weighted- | |||||||||||||||||||||||||||||||
Units | Average | ||||||||||||||||||||||||||||||||
Fair Value | |||||||||||||||||||||||||||||||||
at Grant | |||||||||||||||||||||||||||||||||
Date | |||||||||||||||||||||||||||||||||
Nonvested at December 23, 2012 | 6,119,167 | $ | 1.87 | ||||||||||||||||||||||||||||||
Granted | 416,667 | 1.51 | |||||||||||||||||||||||||||||||
Vested | (651,917 | ) | 1.86 | ||||||||||||||||||||||||||||||
Forfeited | — | — | |||||||||||||||||||||||||||||||
Nonvested at December 22, 2013 | 5,883,917 | $ | 1.85 | ||||||||||||||||||||||||||||||
As of December 22, 2013, there was $6.9 million of unrecognized compensation expense related to the RSUs, which is expected to be recognized over a weighted-average period of 1.3 years. | |||||||||||||||||||||||||||||||||
Restricted Stock | |||||||||||||||||||||||||||||||||
A summary of the status of the Company’s restricted stock awards for the fiscal year 2013 is presented below: | |||||||||||||||||||||||||||||||||
Restricted Shares | Number of | Weighted- | |||||||||||||||||||||||||||||||
Shares | Average | ||||||||||||||||||||||||||||||||
Fair Value | |||||||||||||||||||||||||||||||||
at Grant | |||||||||||||||||||||||||||||||||
Date | |||||||||||||||||||||||||||||||||
Nonvested at December 23, 2012 | 8,327 | $ | 134.25 | ||||||||||||||||||||||||||||||
Granted | — | — | |||||||||||||||||||||||||||||||
Vested | (4,144 | ) | 123 | ||||||||||||||||||||||||||||||
Forfeited | (840 | ) | 365.75 | ||||||||||||||||||||||||||||||
Nonvested at December 22, 2013 | 3,343 | $ | 89.75 | ||||||||||||||||||||||||||||||
As of December 22, 2013, there was $22 thousand of unrecognized compensation expense related to all restricted stock awards, all of which is expected to be recognized during the first quarter of 2014. | |||||||||||||||||||||||||||||||||
Stock Options | |||||||||||||||||||||||||||||||||
Stock options granted under the Plan have been granted at an option price equal to the closing market value of the stock on the date of the grant. Options granted under the Plan have 10-year contractual terms and typically become exercisable after one or three years after the grant date, subject to continuous service with the Company. The Compensation Committee approves the grants of nonqualified stock options by the Company, pursuant to the Plan. These options are granted on such approval date. The Company has not granted any stock options since 2008. As of December 22, 2013, there was no unrecognized compensation costs related to stock options. | |||||||||||||||||||||||||||||||||
A summary of option activity for the fiscal year 2013 under the Plan is presented below: | |||||||||||||||||||||||||||||||||
Options | Number of | Weighted- | Weighted- | Aggregate | |||||||||||||||||||||||||||||
Shares | Average | Average | Intrinsic | ||||||||||||||||||||||||||||||
Exercise | Remaining | Value | |||||||||||||||||||||||||||||||
Price | Contractual | (000’s) | |||||||||||||||||||||||||||||||
Term (Years) | |||||||||||||||||||||||||||||||||
Outstanding at December 23, 2012 | 36,059 | $ | 390.75 | 4.34 | $ | — | |||||||||||||||||||||||||||
Granted | — | — | |||||||||||||||||||||||||||||||
Exercised | — | — | |||||||||||||||||||||||||||||||
Forfeited | — | — | |||||||||||||||||||||||||||||||
Expired | (9,230 | ) | 357.5 | ||||||||||||||||||||||||||||||
Outstanding, vested and exercisable at December 22, 2013 | 26,829 | $ | 402.25 | 2.55 | $ | — | |||||||||||||||||||||||||||
Employee Stock Purchase Plan | |||||||||||||||||||||||||||||||||
On April 19, 2006, the Board of Directors voted to implement an employee stock purchase plan (as amended, the “ESPP”) effective July 1, 2006. The Company had reserved 12,354 shares of its common stock for issuance under the ESPP. On June 2, 2009, the Company’s stockholders approved the 2009 Employee Stock Purchase Plan (“2009 ESPP”). The 2009 ESPP reserved an additional 24,000 shares of its common stock for future purchases. As of December 22, 2013, there were 10,162 shares of common stock reserved for issuance under the ESPP. Effective April 1, 2011, the Company suspended the ESPP. There will be no stock-based compensation expense recognized in connection with the ESPP until such time the ESPP is reinstated. |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||||||
Dec. 22, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Income Taxes | ' | ||||||||||||
15 | Income Taxes | ||||||||||||
The Company periodically assesses whether it is more likely than not that it will generate sufficient taxable income to realize its deferred income tax assets. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income (including the reversal of deferred tax liabilities) during the periods in which those temporary differences will become deductible. In making this determination, the Company considers all available positive and negative evidence and makes certain assumptions. The Company considers, among other things, its deferred tax liabilities, the overall business environment, its historical earnings and losses and its outlook for future years. | |||||||||||||
During 2009, the Company determined that it was unclear as to the timing of when it will generate sufficient taxable income to realize its deferred tax assets. Accordingly, the Company recorded a valuation allowance against its deferred tax assets. The valuation allowance is reviewed quarterly and will be maintained until sufficient positive evidence exists to support the reversal of the valuation allowance. In addition, until such time the Company determines it is more likely than not that it will generate sufficient taxable income to realize its deferred tax assets, income tax benefits associated with future period losses will be fully reserved. | |||||||||||||
As a result of the loss from continuing operations and income from discontinued operations and other comprehensive income during 2013, the Company was required to record a tax benefit from continuing operations with an offsetting tax expense from discontinued operations and other comprehensive income. For 2013, the Company recorded a tax benefit in continuing operations of $2.3 million. As such, the Company’s tax benefit recorded in continuing operations will approximate the income from discontinued operations and other comprehensive income multiplied by the statutory tax rate during 2013. | |||||||||||||
During 2012, the Company completed the unwind of its former interest rate swap. The interest rate swap and its tax effects were initially recorded in other comprehensive income and any changes in market value of the interest rate swap along with their tax effects were recorded directly to other comprehensive income. However, at the time the Company established its valuation allowance against its net deferred tax assets, the impact was recorded entirely against continuing operations, thereby establishing disproportionate tax effects within other comprehensive income for the interest rate swap. During 2012, to eliminate the disproportionate tax effects from other comprehensive income, the Company recorded a charge to other comprehensive income in the amount of $1.6 million and an income tax benefit of $1.6 million. | |||||||||||||
During 2012, the Company recognized the impact of the conversion of the Series A Notes and Series B Notes to equity and the Global Termination Agreement with SFL. These significant events had a minimal impact on the Company’s Condensed Statement of Operations during 2012, as the Company continues to recognize a full valuation allowance against virtually all of its net deferred tax assets for U.S. federal and state tax purposes. However, the change for such significant events resulted in the elimination of substantially all of the deferred tax liabilities related to the debt instruments. After the impact of the valuation allowance, the Company recorded a decrease to its current deferred tax asset of $2.4 million and an offsetting decrease to its noncurrent deferred tax liability of $2.4 million during 2012. | |||||||||||||
During 2006, the Company elected the application of tonnage tax. Prior to the establishment of a full valuation allowance, the Company’s effective tax rate was impacted by the Company’s income from qualifying shipping activities as well as the income from the Company’s non-qualifying shipping activities and fluctuated based on the ratio of income from qualifying and non-qualifying activities. | |||||||||||||
During 2012, after evaluating the merits and requirements of the tonnage tax regime, the Company revoked its election under subchapter R of the tonnage tax regime effective for the tax years beginning January 1, 2012. As a result, the activities attributable to the Company’s operation of the vessels in the Puerto Rico tradelane are no longer eligible as qualifying shipping activities under the tonnage tax regime, and therefore, the income (loss) derived from the Puerto Rico vessels will no longer be excluded from corporate income tax for U.S. federal income tax purposes. The Company’s decision was made based on several factors, including the expected economic challenges in Puerto Rico in the foreseeable future. Under the eligibility requirements of the tonnage tax regime, the Company may not elect back into the tonnage tax regime until five years following its revocation. The Company will reevaluate the merits of the tonnage tax regime at such time in the future. | |||||||||||||
The Company accounted for the revocation of the tonnage tax as a change in tax status of its qualifying shipping activities. Accordingly, the Company recognized the impact of the revocation of its tonnage tax election in the first quarter of 2012, the period for which the Company filed its revocation statement with the Internal Revenue Service. The revocation had a minimal impact on the Company’s Condensed Consolidated Statement of Operations during 2012. The change in tax status resulted in the revaluation of the Company’s deferred taxes. The overall decrease in the Company’s net deferred tax assets was approximately $3.0 million, before the impact of the valuation allowance. After offsetting the decrease in net deferred tax assets with the valuation allowance, the impact on the Company’s net deferred taxes was minimal. | |||||||||||||
The Company’s effective tax rate for the years ended December 22, 2013, December 23, 2012 and December 25, 2011 was 5.5%, 1.9% and 0.2%, respectively. | |||||||||||||
Income tax (benefit) expense is as follows (in thousands): | |||||||||||||
Fiscal Years Ended | |||||||||||||
December 22, | December 23, | December 25, | |||||||||||
2013 | 2012 | 2011 | |||||||||||
Current: | |||||||||||||
Federal | $ | 39 | $ | — | $ | 35 | |||||||
State/territory | 145 | (288 | ) | (235 | ) | ||||||||
Total current | 184 | (288 | ) | (200 | ) | ||||||||
Deferred: | |||||||||||||
Federal | (2,029 | ) | (1,537 | ) | — | ||||||||
State/territory | (80 | ) | 343 | 326 | |||||||||
Total deferred | (2,109 | ) | (1,194 | ) | 326 | ||||||||
Income tax (benefit) expense | $ | (1,925 | ) | $ | (1,482 | ) | $ | 126 | |||||
The difference between the income tax (benefit) expense and the amounts computed by applying the statutory federal income tax rates to earnings before income taxes are as follows (in thousands): | |||||||||||||
Fiscal Years Ended | |||||||||||||
December 22, | December 23, | December 25, | |||||||||||
2013 | 2012 | 2011 | |||||||||||
Income tax benefit at statutory rates: | $ | (12,350 | ) | $ | (26,606 | ) | $ | (18,574 | ) | ||||
State/territory, net of federal income tax (benefit) expense (excluding valuation allowance) | (262 | ) | (4,202 | ) | 716 | ||||||||
Qualifying shipping income | — | (449 | ) | 4,615 | |||||||||
Fines and penalties | 825 | 431 | (1,908 | ) | |||||||||
Goodwill impairment | — | — | 38,197 | ||||||||||
Cancellation of debt | — | 2,677 | 5,553 | ||||||||||
Gain on change in value of debt conversion features | — | (6,792 | ) | (14,413 | ) | ||||||||
Valuation allowance | 11,369 | 34,031 | (16,007 | ) | |||||||||
Interest rate swap | — | (1,573 | ) | — | |||||||||
Intraperiod allocation | (2,325 | ) | — | — | |||||||||
Other Items | 818 | 1,001 | 1,947 | ||||||||||
Income tax (benefit) expense | $ | (1,925 | ) | $ | (1,482 | ) | $ | 126 | |||||
The components of deferred tax assets and liabilities are as follows (in thousands): | |||||||||||||
December 22, | December 23, | ||||||||||||
2013 | 2012 | ||||||||||||
Deferred tax assets: | |||||||||||||
Net operating losses, AMT carryforwards, and state credit carryforwards | $ | 76,077 | $ | 63,056 | |||||||||
Allowance for doubtful accounts | 1,701 | 1,340 | |||||||||||
Post-retirement benefits | 7,984 | 8,998 | |||||||||||
Lease termination payment | 32,538 | 33,073 | |||||||||||
Leases | — | 5,510 | |||||||||||
Other | 9,495 | 15,538 | |||||||||||
Valuation allowances | (90,135 | ) | (81,036 | ) | |||||||||
Total deferred tax assets | 37,660 | 46,479 | |||||||||||
Deferred tax liabilities: | |||||||||||||
Depreciation | (26,141 | ) | (30,428 | ) | |||||||||
Capital construction fund | (5,598 | ) | (6,364 | ) | |||||||||
Intangibles | (3,864 | ) | (7,117 | ) | |||||||||
Other | (2,308 | ) | (2,606 | ) | |||||||||
Total deferred tax liabilities | (37,911 | ) | (46,515 | ) | |||||||||
Net deferred tax liability | $ | (251 | ) | $ | (36 | ) | |||||||
The Company has net operating loss carryforwards for federal income tax purposes in the amount of $233.3 million and $205.2 million as of December 22, 2013 and December 23, 2012, respectively. In addition, the Company has net operating loss carryforwards for state income tax purposes in the amount of $80.3 million and $68.1 million as of December 22, 2013 and December 23, 2012, respectively. The Federal and state net operating loss carryforwards begin to expire in 2025 and 2019, respectively. Furthermore, the Company has an alternative minimum tax credit carryforward with no expiration period in the amount of $1.4 million as of December 22, 2013 and December 23, 2012. Net operating loss credits generated from tax losses in Guam begin to expire in 2029. The Company has recorded a valuation allowance against the deferred tax assets attributable to the net operating losses generated. | |||||||||||||
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands): | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Beginning balance | $ | 15,428 | $ | 15,380 | $ | 13,596 | |||||||
Additions based on tax positions related to the current year | — | — | 860 | ||||||||||
Additions for tax positions of prior years | — | 48 | 924 | ||||||||||
Reductions for tax positions of prior years | — | — | — | ||||||||||
Ending balance | $ | 15,428 | $ | 15,428 | $ | 15,380 | |||||||
As a result of the valuation allowance, none of the unrecognized tax benefits, if recognized, would affect the effective tax rate. The Company does not expect that there will be a significant increase or decrease of the total amount of unrecognized tax benefits within the next twelve months. | |||||||||||||
The Company recognizes interest accrued and penalties related to unrecognized tax benefits in its income tax expense. During its fiscal years for 2011 through 2013, the Company has not recognized any interest or penalties in its statement of operations. Furthermore, there were no accruals for the payment of interest and penalties at either December 22, 2013 or December 23, 2012. | |||||||||||||
The Company or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction, various U.S. state jurisdictions and foreign jurisdictions. With few exceptions, the Company is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2004. The tax years which remain subject to examination by major tax jurisdictions as of December 22, 2013 include 2004-2012. The Company’s U.S. federal income tax return for tax year 2011 is currently under audit. |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | |
Dec. 22, 2013 | ||
Commitments And Contingencies Disclosure [Abstract] | ' | |
Commitments and Contingencies | ' | |
16 | Commitments and Contingencies | |
Legal Proceedings | ||
In May 2013, the U.S. Department of Justice declined to intervene in a qui tam complaint filed in the U.S. District Court for the Central District of California by Mario Rizzo under the Federal False Claims Act. The case was unsealed in May 2013, and we were served with a complaint in June 2013. The case is entitled United States of America, ex rel. Mario Rizzo v. Horizon Lines, LLC et al. The qui tam complaint alleges, among other things, that the Company and another defendant submitted false claims by claiming fuel surcharges in excess of what was agreed by the Department of Defense. The complaint seeks significant damages, penalties and other relief. The Company has filed responsive pleadings and intends to vigorously defend against the allegations set forth in the complaint. | ||
On March 5, 2014, the Company entered into a settlement agreement which resolved pending inquiries of the United States Department of Justice on behalf of the United States Postal Service, the United States Department of Agriculture and the United States Department of Defense (collectively, the “United States”). The settlement agreement relates to a federal qui tam complaint filed by the relator, William B. Stallings, in the United States District Court for the Middle District of Florida, entitled United States of America, ex rel. Stallings v. Sea Star Line, LLC et al., pursuant to the qui tam provisions of the False Claims Act. The claims underlying the qui tam civil complaint were the alleged price fixing of certain ocean transportation contracts between the continental United States and Puerto Rico during the period from April 2002 through April 2008 that involved the United States as a customer. This qui tam action was unsealed on March 6, 2014. The settlement agreement provides that the Company will pay to the United States the total sum of $1.5 million in six different installment payments through April 2015. During the fourth quarter of 2013, the Company recorded a charge of $1.4 million related to this legal settlement, which represents the present value of the expected future payments. | ||
In the ordinary course of business, from time to time, the Company becomes involved in various legal proceedings. These relate primarily to claims for loss or damage to cargo, employees’ personal injury claims, and claims for loss or damage to the person or property of third parties. The Company generally maintains insurance, subject to customary deductibles or self-retention amounts, and/or reserves to cover these types of claims. The Company also, from time to time, becomes involved in routine employment-related disputes and disputes with parties with which it has contractual relations. The Company’s policy is to disclose contingent liabilities associated with both asserted and unasserted claims after all available facts and circumstances have been reviewed and the Company determines that a loss is reasonably possible. The Company’s policy is to record contingent liabilities associated with both asserted and unasserted claims when it is probable that the liability has been incurred and the amount of the loss is reasonably estimable. | ||
Standby Letters of Credit | ||
The Company has standby letters of credit, primarily related to its property and casualty insurance programs, as well as customs bonds. On December 22, 2013 and December 23, 2012, these letters of credit totaled $12.9 million and $13.2 million, respectively. | ||
Labor Relations | ||
Approximately 70% of the Company’s total work force is covered by collective bargaining agreements. A collective bargaining agreement, covering approximately 22% of the union workforce expired prior to December 22, 2013. The employees covered under this agreement continue to work under the old agreement while we negotiate a new agreement. Our collective bargaining agreements are scheduled to expire as follows: four in 2014, three in 2015, two in 2017, and one in 2022. The agreements scheduled to expire in 2014 represent approximately 31% of the Company’s union work force. |
Quarterly_Financial_Data_Unaud
Quarterly Financial Data (Unaudited) | 12 Months Ended | ||||||||||||||||
Dec. 22, 2013 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
Quarterly Financial Data (Unaudited) | ' | ||||||||||||||||
17 | Quarterly Financial Data (Unaudited) | ||||||||||||||||
Set forth below are unaudited quarterly financial data (in thousands, except per share amounts): | |||||||||||||||||
Fiscal Year 2013 | |||||||||||||||||
First | Second | Third | Fourth | ||||||||||||||
Quarter | Quarter | Quarter | Quarter | ||||||||||||||
Operating revenue | $ | 244,491 | $ | 259,784 | $ | 273,663 | $ | 255,372 | |||||||||
Operating (loss) income(1) | (4,295 | ) | 15,976 | 17,918 | 1,778 | ||||||||||||
(Loss) income from continuing operations | $ | (20,073 | ) | $ | (853 | ) | $ | 1,603 | $ | (14,031 | ) | ||||||
(Loss) income from discontinued operations(2) | (278 | ) | (651 | ) | 2,477 | (127 | ) | ||||||||||
Net (loss) income(1)(2) | $ | (20,351 | ) | $ | (1,504 | ) | $ | 4,080 | $ | (14,158 | ) | ||||||
Basic net (loss) income per share from continuing operations | $ | (0.58 | ) | $ | (0.02 | ) | $ | 0.04 | $ | (0.36 | ) | ||||||
Basic net (loss) income per share from discontinued operations | (0.01 | ) | (0.02 | ) | 0.07 | — | |||||||||||
Basic net (loss) income per share | $ | (0.59 | ) | $ | (0.04 | ) | $ | 0.11 | $ | (0.36 | ) | ||||||
Diluted net (loss) income per share from continuing operations | $ | (0.58 | ) | $ | (0.02 | ) | $ | 0.02 | $ | (0.36 | ) | ||||||
Diluted net loss per share from discontinued operations | (0.01 | ) | (0.02 | ) | 0.03 | — | |||||||||||
Diluted net (loss) income per share | $ | (0.59 | ) | $ | (0.04 | ) | $ | 0.05 | $ | (0.36 | ) | ||||||
Fiscal Year 2012 | |||||||||||||||||
First | Second | Third | Fourth | ||||||||||||||
Quarter | Quarter | Quarter | Quarter | ||||||||||||||
Operating revenue | $ | 263,354 | $ | 270,939 | $ | 279,604 | $ | 259,825 | |||||||||
Operating (loss) income(1) | (6,064 | ) | 1,007 | 13,222 | (3,913 | ) | |||||||||||
(Loss) income from continuing operations | $ | (26,802 | ) | $ | (31,140 | ) | $ | 1,443 | $ | (17,904 | ) | ||||||
(Loss) income from discontinued operations | (5,707 | ) | (14,934 | ) | 414 | (68 | ) | ||||||||||
Net (loss) income(1) | $ | (32,509 | ) | $ | (46,074 | ) | $ | 1,857 | $ | (17,972 | ) | ||||||
Basic net (loss) income per share from continuing operations | $ | (8.58 | ) | $ | (1.55 | ) | $ | 0.05 | $ | (0.52 | ) | ||||||
Basic net (loss) income per share from discontinued operations | (1.83 | ) | (0.75 | ) | 0.01 | — | |||||||||||
Basic net (loss) income per share | $ | (10.41 | ) | $ | (2.30 | ) | $ | 0.06 | $ | (0.52 | ) | ||||||
Diluted net (loss) income per share from continuing operations | $ | (8.58 | ) | $ | (1.55 | ) | $ | 0.02 | $ | (0.52 | ) | ||||||
Diluted net (loss) income per share from discontinued operations | (1.83 | ) | (0.75 | ) | — | — | |||||||||||
Diluted net (loss) income per share | $ | (10.41 | ) | $ | (2.30 | ) | $ | 0.02 | $ | (0.52 | ) | ||||||
-1 | The second and third quarter of 2013 include an impairment charge of $2.6 million and $0.7 million, respectively. The first, second, and third quarter of 2013 include a restructuring charge of $4.8 million, $0.4 million, and $1.0 million, respectively. The second and fourth quarter of 2012 include an impairment charge of $0.3 million and $0.1 million, respectively. The fourth quarter of 2012 includes a restructuring charge of $4.3 million. | ||||||||||||||||
-2 | During 2013, the Company incurred legal and professional fees associated with an arbitration proceeding. The Company was seeking reimbursement of certain costs and expenditures related to previously co-owned assets that were utilized as part of the Company’s FSX service. During the third quarter of 2013, an arbitration panel awarded the Company $3.0 million plus reimbursement of $0.8 million of legal fees and expenses. |
Financial_Statements_of_Guaran
Financial Statements of Guarantors | 12 Months Ended | ||||||||||||||||
Dec. 22, 2013 | |||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||
Financial Statements of Guarantors | ' | ||||||||||||||||
18 | Financial Statements of Guarantors | ||||||||||||||||
As discussed in Note 3, certain of the Company’s subsidiaries are non-guarantors of outstanding debt instruments. The non-guarantor subsidiaries were formed during 2013. Management has determined that separate complete financial statements of the Guarantors would not be material to users of the financial statements. The following sets forth condensed consolidating financial statements of the guarantor and non-guarantor subsidiaries as of December 22, 2013 and for the year ended December 22, 2013. | |||||||||||||||||
Condensed Consolidating Balance Sheet | |||||||||||||||||
22-Dec-13 | |||||||||||||||||
(in thousands) | |||||||||||||||||
Combined | Combined | Eliminations | Consolidated | ||||||||||||||
Guarantor | Non- | ||||||||||||||||
Subsidiaries | Guarantor | ||||||||||||||||
Subsidiaries | |||||||||||||||||
ASSETS | |||||||||||||||||
Current assets: | |||||||||||||||||
Cash | $ | 5,236 | $ | — | $ | — | $ | 5,236 | |||||||||
Accounts receivable, net | 100,460 | — | — | 100,460 | |||||||||||||
Materials and supplies | 23,369 | — | — | 23,369 | |||||||||||||
Vessel rent receivable | — | 7,884 | (7,884 | ) | — | ||||||||||||
Deferred tax asset | 1,140 | — | — | 1,140 | |||||||||||||
Other current assets | 8,910 | 5 | — | 8,915 | |||||||||||||
Total current assets | 139,115 | 7,889 | (7,884 | ) | 139,120 | ||||||||||||
Property and equipment, net | 145,281 | 81,557 | — | 226,838 | |||||||||||||
Goodwill | 198,793 | — | — | 198,793 | |||||||||||||
Intangible assets, net | 35,154 | — | — | 35,154 | |||||||||||||
Due from affiliates | — | 1,965 | (1,965 | ) | — | ||||||||||||
Other long-term assets | 24,702 | — | — | 24,702 | |||||||||||||
Total assets | $ | 543,045 | $ | 91,411 | $ | (9,849 | ) | $ | 624,607 | ||||||||
LIABILITIES AND STOCKHOLDERS’ (DEFICIENCY) EQUITY | |||||||||||||||||
Current liabilities: | |||||||||||||||||
Accounts payable | $ | 49,897 | $ | — | $ | — | $ | 49,897 | |||||||||
Current portion of long-term debt, including capital lease | 5,848 | 5,625 | — | 11,473 | |||||||||||||
Accrued vessel rent | 7,884 | — | (7,884 | ) | — | ||||||||||||
Other accrued liabilities | 75,640 | 1,766 | — | 77,406 | |||||||||||||
Total current liabilities | 139,269 | 7,391 | (7,884 | ) | 138,776 | ||||||||||||
Long-term debt, including capital lease, net of current portion | 437,188 | 67,657 | — | 504,845 | |||||||||||||
Deferred tax liability | 1,391 | — | — | 1,391 | |||||||||||||
Due to affiliates | 1,965 | — | (1,965 | ) | — | ||||||||||||
Other long-term liabilities | 23,387 | — | — | 23,387 | |||||||||||||
Total liabilities | 603,200 | 75,048 | (9,849 | ) | 668,399 | ||||||||||||
Stockholders’ (deficiency) equity: | |||||||||||||||||
Preferred stock | — | — | — | — | |||||||||||||
Common stock | 999 | — | — | 999 | |||||||||||||
Additional paid in capital | 368,159 | 15,914 | — | 384,073 | |||||||||||||
(Accumulated deficit) retained earnings | (430,340 | ) | 449 | — | (429,891 | ) | |||||||||||
Accumulated other comprehensive income | 1,027 | — | — | 1,027 | |||||||||||||
Total stockholders’ (deficiency) equity | (60,155 | ) | 16,363 | — | (43,792 | ) | |||||||||||
Total liabilities and stockholders’ (deficiency) equity | $ | 543,045 | $ | 91,411 | $ | (9,849 | ) | $ | 624,607 | ||||||||
Condensed Consolidating Statement of Operations | |||||||||||||||||
Year Ended December 22, 2013 | |||||||||||||||||
(in thousands) | |||||||||||||||||
Combined | Combined | Eliminations | Consolidated | ||||||||||||||
Guarantor | Non-Guarantor | ||||||||||||||||
Subsidiaries | Subsidiaries | ||||||||||||||||
Operating revenue | $ | 1,033,310 | $ | 14,548 | $ | (14,548 | ) | $ | 1,033,310 | ||||||||
Operating expense: | |||||||||||||||||
Cost of services (excluding depreciation expense) | 880,668 | — | (14,548 | ) | 866,120 | ||||||||||||
Depreciation and amortization | 30,962 | 5,888 | — | 36,850 | |||||||||||||
Amortization of vessel dry-docking | 14,701 | — | — | 14,701 | |||||||||||||
Selling, general and administrative | 76,657 | 52 | — | 76,709 | |||||||||||||
Restructuring charge | 6,324 | — | — | 6,324 | |||||||||||||
Impairment charge | 3,295 | — | — | 3,295 | |||||||||||||
Legal settlements | 1,387 | — | — | 1,387 | |||||||||||||
Miscellaneous income | (3,910 | ) | 457 | — | (3,453 | ) | |||||||||||
Total operating expense | 1,010,084 | 6,397 | (14,548 | ) | 1,001,933 | ||||||||||||
Operating income | 23,226 | 8,151 | — | 31,377 | |||||||||||||
Other expense (income): | |||||||||||||||||
Interest expense, net | 59,214 | 7,702 | — | 66,916 | |||||||||||||
Gain on conversion of debt | (5 | ) | — | — | (5 | ) | |||||||||||
Gain on change in value of debt conversion features | (271 | ) | — | — | (271 | ) | |||||||||||
Other expense, net | 16 | — | — | 16 | |||||||||||||
(Loss) income from continuing operations before income tax benefit | (35,728 | ) | 449 | — | (35,279 | ) | |||||||||||
Income tax benefit | (1,925 | ) | — | — | (1,925 | ) | |||||||||||
Net (loss) income from continuing operations | (33,803 | ) | 449 | — | (33,354 | ) | |||||||||||
Net income from discontinued operations | 1,421 | — | — | 1,421 | |||||||||||||
Net (loss) income | $ | (32,382 | ) | $ | 449 | $ | — | $ | (31,933 | ) | |||||||
Condensed Consolidating Statement of Cash Flows | |||||||||||||||||
Year Ended December 22, 2013 | |||||||||||||||||
(in thousands) | |||||||||||||||||
Combined | Combined | Eliminations | Consolidated | ||||||||||||||
Guarantor | Non-Guarantor | ||||||||||||||||
Subsidiaries | Subsidiaries | ||||||||||||||||
Net cash provided by operating activities from continuing operations | $ | 31,167 | $ | 676 | $ | — | $ | 31,843 | |||||||||
Net cash provided by operating activities from discontinued operations | 1,806 | — | — | 1,806 | |||||||||||||
Cash flows from investing activities: | |||||||||||||||||
Purchases of equipment | (21,997 | ) | (91,849 | ) | — | (113,846 | ) | ||||||||||
Proceeds from sale of equipment | 15,739 | — | — | 15,739 | |||||||||||||
Net cash flows from investing activities | (6,258 | ) | (91,849 | ) | — | (98,107 | ) | ||||||||||
Cash flows from financings activities: | |||||||||||||||||
Issuance of debt | 20,000 | 75,000 | — | 95,000 | |||||||||||||
Borrowing under revolving credit facility | 34,300 | — | — | 34,300 | |||||||||||||
Payments on revolving credit facility | (76,800 | ) | — | — | (76,800 | ) | |||||||||||
Payments of long-term debt | (2,250 | ) | — | — | (2,250 | ) | |||||||||||
Payment of financing costs | (5,711 | ) | — | — | (5,711 | ) | |||||||||||
Payments on capital lease obligations | (2,684 | ) | — | — | (2,684 | ) | |||||||||||
Intercompany transactions, net | (16,173 | ) | 16,173 | — | — | ||||||||||||
Net cash flows from financing activities | (49,318 | ) | 91,173 | — | 41,855 | ||||||||||||
Net change in cash from continuing operations | (24,409 | ) | — | — | (24,409 | ) | |||||||||||
Net change in cash from discontinued operations | 1,806 | — | — | 1,806 | |||||||||||||
Net change in cash | (22,603 | ) | — | — | (22,603 | ) | |||||||||||
Cash at beginning of year | 27,839 | — | — | 27,839 | |||||||||||||
Cash at end of year | $ | 5,236 | $ | — | $ | — | $ | 5,236 | |||||||||
Schedule_II_Valuation_and_Qual
Schedule II Valuation and Qualifying Accounts | 12 Months Ended | ||||||||||||||||||||
Dec. 22, 2013 | |||||||||||||||||||||
Valuation And Qualifying Accounts [Abstract] | ' | ||||||||||||||||||||
Schedule II Valuation and Qualifying Accounts | ' | ||||||||||||||||||||
Schedule II | |||||||||||||||||||||
Horizon Lines, Inc. | |||||||||||||||||||||
Valuation and Qualifying Accounts | |||||||||||||||||||||
Years Ended December 2013, 2012 and 2011 | |||||||||||||||||||||
(in thousands) | |||||||||||||||||||||
Beginning | Charged | Deductions | Charged | Ending | |||||||||||||||||
Balance | to Cost | to other | Balance | ||||||||||||||||||
and | Accounts | ||||||||||||||||||||
Expenses | |||||||||||||||||||||
Accounts receivable reserve: | |||||||||||||||||||||
Year ended December 22, 2013: | |||||||||||||||||||||
Allowance for doubtful accounts | $ | 3,325 | $ | 1,280 | $ | (781 | ) | $ | — | $ | 3,824 | ||||||||||
Allowance for revenue adjustments | 140 | — | (1,203 | ) | 1,223 | -1 | 160 | ||||||||||||||
$ | 3,465 | $ | 1,280 | $ | (1,984 | ) | $ | 1,223 | $ | 3,984 | |||||||||||
Year ended December 23, 2012: | |||||||||||||||||||||
Allowance for doubtful accounts | $ | 5,766 | $ | 1,596 | $ | (4,037 | ) | $ | — | $ | 3,325 | ||||||||||
Allowance for revenue adjustments | 650 | — | (2,475 | ) | 1,965 | -1 | 140 | ||||||||||||||
$ | 6,416 | $ | 1,596 | $ | (6,512 | ) | $ | 1,965 | $ | 3,465 | |||||||||||
Year ended December 25, 2011: | |||||||||||||||||||||
Allowance for doubtful accounts | $ | 6,128 | $ | 2,613 | $ | (2,975 | ) | $ | — | $ | 5,766 | ||||||||||
Allowance for revenue adjustments | 632 | — | (4,229 | ) | 4,247 | -1 | 650 | ||||||||||||||
$ | 6,760 | $ | 2,613 | $ | (7,204 | ) | $ | 4,247 | $ | 6,416 | |||||||||||
Restructuring costs: | |||||||||||||||||||||
Year ended December 22, 2013 | $ | 4,180 | $ | 6,702 | $ | (10,295 | ) | $ | — | $ | 587 | ||||||||||
Year ended December 23, 2012 | $ | 233 | $ | 4,340 | $ | (393 | ) | $ | — | $ | 4,180 | ||||||||||
Year ended December 25, 2011 | $ | 2,042 | $ | — | $ | (1,809 | ) | $ | — | $ | 233 | ||||||||||
Deferred tax assets valuation allowance: | |||||||||||||||||||||
Year ended December 22, 2013 | $ | 81,036 | $ | 10,461 | $ | — | $ | (1,362 | )(2) | $ | 90,135 | ||||||||||
Year ended December 23, 2012 | $ | 8,392 | $ | 34,325 | $ | — | $ | 38,319 | (3) | $ | 81,036 | ||||||||||
Year ended December 25, 2011 | $ | 16,919 | $ | (7,207 | ) | $ | — | $ | (1,320 | )(2) | $ | 8,392 | |||||||||
-1 | These amounts are recorded as a reduction to revenue. | ||||||||||||||||||||
-2 | Includes $1.4 million and $0.7 million recorded in other comprehensive loss. | ||||||||||||||||||||
-3 | Includes $39.3 million related to the valuation allowance on the deferred tax assets previously recorded as discontinued operations. |
Significant_Accounting_Policie1
Significant Accounting Policies (Policies) | 12 Months Ended | ||||||||||||
Dec. 22, 2013 | |||||||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||||||
Cash | ' | ||||||||||||
Cash | |||||||||||||
Cash of the Company consists principally of cash held in banks and temporary investments having a maturity of three months or less at the date of acquisition. | |||||||||||||
Allowance for Doubtful Accounts | ' | ||||||||||||
Allowance for Doubtful Accounts | |||||||||||||
The Company maintains an allowance for doubtful accounts based upon the expected collectability of accounts receivable reflective of its historical collection experience. In circumstances in which management is aware of a specific customer’s inability to meet its financial obligation to the Company (for example, bankruptcy filings, accounts turned over for collection or litigation), the Company records a specific reserve for the bad debts against amounts due. For all other customers, the Company recognizes reserves for these bad debts based on the length of time the receivables are past due and other customer specific factors including, type of service provided, geographic location and industry. The Company monitors its collection risk on an ongoing basis through the use of credit reporting agencies. Accounts are written off after all means of collection, including legal action, have been exhausted. The Company does not require collateral from its trade customers. | |||||||||||||
The allowance for doubtful accounts approximated $3.8 million and $3.3 million at December 22, 2013 and December 23, 2012, respectively. | |||||||||||||
Materials and Supplies | ' | ||||||||||||
Materials and Supplies | |||||||||||||
Materials and supplies consist primarily of fuel inventory aboard vessels and inventory for maintenance of property and equipment. Fuel is carried at cost on the first in, first out (FIFO) basis, while all other materials and supplies are carried at average cost. | |||||||||||||
Property and Equipment | ' | ||||||||||||
Property and Equipment | |||||||||||||
Property and equipment are stated at cost. Certain costs incurred in the development of internal-use software are capitalized. Routine maintenance, repairs, and removals other than vessel dry-dockings are charged to expense. Expenditures that materially increase values, change capacities or extend useful lives of the assets are capitalized. Depreciation and amortization is computed by the straight-line method over the estimated useful lives of the assets. The estimated useful lives of the Company’s assets are as follows: | |||||||||||||
Buildings, chassis and cranes | 25 years | ||||||||||||
Containers | 15 years | ||||||||||||
Vessels | 20-40 years | ||||||||||||
Software | 3 years | ||||||||||||
Other | 3-10 years | ||||||||||||
The Company evaluates long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If impairment indicators are present or if other circumstances indicate that an impairment may exist, the Company must then determine whether an impairment loss should be recognized. An impairment loss should be recognized for a long-lived asset (or asset group) that is held and used only if the sum of its estimated future undiscounted cash flows used to test for recoverability is less than its carrying value. Estimates of future cash flows used to test a long-lived asset (or asset group) for recoverability shall include only the future cash flows (cash inflows and associated cash outflows) that are directly associated with and that are expected to arise as a direct result of the use and eventual disposition of the long-lived asset (or asset group). Estimates of future cash flows should be based on an entity’s own assumptions about its use of a long-lived asset (or asset group). The cash flow estimation period should be based on the long-lived asset’s (or asset group’s) remaining useful life to the entity. When long-lived assets are grouped for purposes of performing the recoverability test, the remaining useful life of the asset group should be based on the useful life of the primary asset. The primary asset of the asset group is the principal long-lived tangible asset being depreciated that is the most significant component asset from which the group derives its cash-flow-generating capacity. Estimates of future cash flows used to test the recoverability of a long-lived asset (or asset group) that is in use shall be based on the existing service potential of the asset (or asset group) at the date tested. Existing service potential encompasses the long-lived asset’s estimated useful life, cash flow generating capacity, and, the physical output capacity. The estimated cash flows should include cash flows associated with future expenditures necessary to maintain the existing service potential, including those that replace the service potential of component parts, but they should not include cash flows associated with future capital expenditures that would increase the service potential. When undiscounted future cash flows will not be sufficient to recover the carrying amount of an asset, the asset is written down to its fair value. | |||||||||||||
Vessel Dry-docking | ' | ||||||||||||
Vessel Dry-docking | |||||||||||||
Vessels must undergo regular inspection, monitoring and maintenance, referred to as dry-docking, to maintain the required operating certificates. United States Coast Guard regulations generally require that vessels be dry-docked twice every five years. The costs of these scheduled dry-dockings are customarily capitalized and are then amortized over a 30-month period beginning with the accounting period following the vessel’s release from dry-dock, because dry-dockings enable the vessel to continue operating in compliance with U.S. Coast Guard requirements,. | |||||||||||||
The Company takes advantage of vessel dry-dockings to also perform normal repair and maintenance procedures on the vessels. These routine vessel maintenance and repair procedures are charged to expense as incurred. In addition, the Company will occasionally during a vessel dry-docking, replace vessel machinery or equipment and perform procedures that materially enhance capabilities of a vessel. In these circumstances, the expenditures are capitalized and depreciated over the estimated useful lives. | |||||||||||||
Leases | ' | ||||||||||||
Leases | |||||||||||||
The Company leases certain vessels, facilities, equipment and vehicles under capital and operating leases. The commencement date of all leases is the earlier of the date the Company becomes legally obligated to make rent payments or the date the Company may exercise control over the use of the property. Rent expense is recorded as incurred. Certain of the Company’s leases contain fluctuating or escalating payments and rent holiday periods. The related rent expense is recorded on a straight-line basis over the lease term. Leasehold improvements associated with assets utilized under capital or operating leases are amortized over the shorter of the asset’s useful life or the lease term. | |||||||||||||
Intangible Assets | ' | ||||||||||||
Intangible Assets | |||||||||||||
Intangible assets consist of goodwill, customer contracts/relationships, trademarks, and deferred financing costs. The Company amortizes customer contracts/relationships using the straight line method over the expected useful lives of 4 to 10 years. The Company also amortizes trademarks using the straight line method over the expected life of the related trademarks of 15 years. The Company amortizes debt issue cost using the effective interest method over the term of the related debt. | |||||||||||||
Goodwill and other intangible assets with indefinite useful lives are not amortized but are subject to annual impairment tests as of the first day of the fourth quarter. At least annually, or on an interim basis if there is an indicator of impairment, the fair value of the reporting unit is calculated. If the calculated fair value is less than the carrying amount, an impairment loss might be recognized. In these instances, a discounted cash flow model is used to determine the current estimated fair value of the reporting unit. A number of significant assumptions and estimates are involved in the application of the discounted cash flow model to forecast operating cash flows, including market growth and market share, sales volumes and prices, costs of service, discount rate and estimated capital needs. Management considers historical experience and all available information at the time the fair value of a reporting unit is estimated. Assumptions in estimating future cash flows are subject to a high degree of judgment and complexity. Changes in assumptions and estimates may affect the carrying value of goodwill and could result in additional impairment charges in future periods. | |||||||||||||
The Company assesses goodwill for impairment at the reporting unit level, which is defined as an operating segment or one level below an operating segment, referred to as a component. The Company identified its reporting unit by first determining its operating segment, and then assessed whether any components of the operating segment constituted a business for which discrete financial information is available and where segment management regularly reviews the operating results of the component. The Company concluded it had one operating segment and one reporting unit consisting of the container shipping business. | |||||||||||||
The Company uses the two-step method prescribed by ASC 350, Intangibles-Goodwill and Other, to determine goodwill impairment. If the carrying amount of the Company’s single reporting unit exceeds its fair value (step one), the Company measures the possible goodwill impairment based on a hypothetical allocation of the estimated fair value of the reporting unit to all of the underlying assets and liabilities, including previously unrecognized intangible assets (step two). The excess of the reporting unit’s fair value over the amounts assigned to its assets and liabilities is the implied fair value of goodwill. An impairment loss is recognized to the extent the reporting unit’s recorded goodwill exceeds the implied fair value of goodwill. | |||||||||||||
Revenue Recognition | ' | ||||||||||||
Revenue Recognition | |||||||||||||
The Company records transportation revenue and an accrual for the corresponding costs to complete delivery when the cargo first sails from its point of origin. The Company believes this method of revenue recognition does not result in a material difference in reported net income on an annual or quarterly basis as compared to recording transportation revenue between accounting periods based upon the relative transit time within each respective period with expenses recognized as incurred. The Company recognizes revenue and related costs of sales for terminal and other services upon completion of services. | |||||||||||||
Insurance Reserves | ' | ||||||||||||
Insurance Reserves | |||||||||||||
The Company maintains insurance for casualty, property and health claims. Most of the Company’s insurance arrangements include a level of self-insurance. Reserves are established based on the nature of the claim or the value of cargo damaged and the use of current trends and historical data for other claims. These estimates are based on historical information along with certain assumptions about future events and also include reserves for claims incurred but not reported, where applicable. | |||||||||||||
Income Taxes | ' | ||||||||||||
Income Taxes | |||||||||||||
The Company accounts for income taxes under the liability method whereby deferred tax assets and liabilities are measured using enacted tax laws and rates expected to apply to taxable income in the years in which the assets and liabilities are expected to be recovered or settled. The effects on deferred tax assets and liabilities of subsequent changes in the tax laws and rates are recognized in income during the year the changes are enacted. Deferred tax assets are reduced by a valuation allowance when, in the judgment of management, it is more likely than not that some portion or all of the deferred tax assets will not be realizable. | |||||||||||||
Pension and Post-retirement Benefits | ' | ||||||||||||
Pension and Post-retirement Benefits | |||||||||||||
The Company has noncontributory pension plans and post-retirement benefit plans covering certain union employees. Costs of these plans are charged to current operations and consist of several components that are based on various actuarial assumptions regarding future experience of the plans. In addition, certain other union employees are covered by plans provided by their respective union organizations. The Company expenses amounts as paid in accordance with union agreements. | |||||||||||||
Amounts recorded for the pension plan and the post-retirement benefit plan reflect estimates related to future interest rates, investment returns, and employee turnover. The Company reviews all assumptions and estimates on an ongoing basis. | |||||||||||||
The Company is required to recognize the overfunded or underfunded status of its defined benefit and post-retirement benefit plans as an asset or liability, with changes in the funded status recognized as an adjustment to the ending balance of accumulated other comprehensive income (loss) in the year they occur. The pension plan and the post-retirement benefit plans are in an underfunded status. | |||||||||||||
Computation of Net (Loss) Income per Share | ' | ||||||||||||
Computation of Net (Loss) Income per Share | |||||||||||||
Basic net (loss) income per share is computed by dividing net (loss) income by the weighted daily average number of shares of common stock outstanding during the period. Certain of the Company’s unvested stock-based awards contain non-forfeitable rights to dividends. In periods when the Company generates net income from continuing operations, shares are included in the denominator for basic net income per share for these participating securities. However, in periods when the Company generates a net loss from continuing operations, shares are excluded from the denominator for these participating securities as the impact would be anti-dilutive. Diluted net income per share is computed using the weighted daily average number of shares of common stock outstanding for the period plus dilutive potential common shares, including stock options and warrants using the treasury-stock method and from convertible preferred stock using the “if converted” method. | |||||||||||||
Fiscal Period | ' | ||||||||||||
Fiscal Period | |||||||||||||
The fiscal period of the Company typically ends on the Sunday before the last Friday in December. For fiscal year 2013, the fiscal period began on December 24, 2012 and ended on December 22, 2013. For fiscal year 2012, the fiscal period began on December 26, 2011 and ended on December 23, 2012. For fiscal year 2011, the fiscal period began on December 27, 2010 and ended on December 25, 2011. Each of the fiscal years ended December 22, 2013, December 23, 2012 and December 25, 2011 consisted of 52 weeks. | |||||||||||||
Use of Estimates | ' | ||||||||||||
Use of Estimates | |||||||||||||
The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results may differ from those estimates. Significant estimates include the assessment of the realization of accounts receivable, deferred tax assets and long-lived assets and the useful lives of intangible assets and property and equipment, as well as the estimate and recognition of liabilities. | |||||||||||||
Recent Accounting Pronouncements | ' | ||||||||||||
Recent Accounting Pronouncements | |||||||||||||
Accounting pronouncements effective after December 22, 2013, are not expected to have a material effect on the Company’s consolidated financial position or results of operations | |||||||||||||
Supplemental Cash Flow Information | ' | ||||||||||||
Supplemental Cash Flow Information | |||||||||||||
Non-cash financing activities were as follows (in thousands): | |||||||||||||
Fiscal Years Ended | |||||||||||||
December 22, | December 23, | December 25, | |||||||||||
2013 | 2012 | 2011 | |||||||||||
Notes issued as payment in kind | $ | 24,762 | $ | 26,924 | $ | — | |||||||
Conversion of debt to equity | 20 | 283,935 | — | ||||||||||
Second lien notes issued to SFL | — | 40,000 | — | ||||||||||
Cash payments for interest and income tax refunds were as follows (in thousands): | |||||||||||||
Fiscal Years Ended | |||||||||||||
December 22, | December 23, | December 25, | |||||||||||
2013 | 2012 | 2011 | |||||||||||
Interest | $ | 33,919 | $ | 29,257 | $ | 34,609 | |||||||
Income taxes | (18 | ) | (234 | ) | (102 | ) | |||||||
Fair Value Measurement | ' | ||||||||||||
The Company used the income approach, specifically a discounted cash flow method, to derive the fair value of the Company’s reporting unit for goodwill impairment assessment, because there are not observable inputs available (Level 3 hierarchy as defined by ASC 820, Fair Value Measurement). This approach calculates fair value by estimating the after-tax cash flows attributable to the Company’s reporting unit and then discounts the after-tax cash flows to a present value using a risk-adjusted discount rate. The Company selected this method as the most meaningful in assessing goodwill for impairment, because it most reasonably measures the Company’s income producing assets. The Company considered using the market approach and the cost approach, but concluded they are not appropriate in valuing its reporting unit given the lack of relevant market comparisons available for application of the market approach and the inability to reasonably replicate the value of the specific assets within its reporting unit for application of the cost approach. However, market approach information was incorporated into the Company’s test to ensure the reasonableness of the Company’s conclusions on estimated value under the income approach. |
Property_and_Equipment_Tables
Property and Equipment (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 22, 2013 | |||||||||||||||||
Property and Equipment | ' | ||||||||||||||||
Property and equipment consist of the following (in thousands): | |||||||||||||||||
December 22, 2013 | December 23, 2012 | ||||||||||||||||
Historical | Net Book | Historical | Net Book | ||||||||||||||
Cost | Value | Cost | Value | ||||||||||||||
Vessels and vessel improvements | $ | 227,705 | $ | 129,384 | $ | 156,705 | $ | 63,855 | |||||||||
Containers | 39,894 | 24,710 | 35,604 | 20,573 | |||||||||||||
Chassis | 20,435 | 11,847 | 13,745 | 5,626 | |||||||||||||
Cranes | 27,409 | 12,088 | 28,070 | 13,371 | |||||||||||||
Machinery & equipment | 34,367 | 11,784 | 32,088 | 10,535 | |||||||||||||
Facilities & land improvement | 30,065 | 21,171 | 29,862 | 22,508 | |||||||||||||
Software | 24,177 | 1,041 | 23,562 | 1,308 | |||||||||||||
Construction in progress | 14,813 | 14,813 | 22,274 | 22,274 | |||||||||||||
Total | $ | 418,865 | $ | 226,838 | $ | 341,910 | $ | 160,050 | |||||||||
Original Useful Life [Member] | ' | ||||||||||||||||
Property and Equipment | ' | ||||||||||||||||
The estimated useful lives of the Company’s assets are as follows: | |||||||||||||||||
Buildings, chassis and cranes | 25 years | ||||||||||||||||
Containers | 15 years | ||||||||||||||||
Vessels | 20-40 years | ||||||||||||||||
Software | 3 years | ||||||||||||||||
Other | 3-10 years |
Significant_Accounting_Policie2
Significant Accounting Policies (Tables) | 12 Months Ended | ||||||||||||
Dec. 22, 2013 | |||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||
Summary of Non-cash Financing Activities | ' | ||||||||||||
Non-cash financing activities were as follows (in thousands): | |||||||||||||
Fiscal Years Ended | |||||||||||||
December 22, | December 23, | December 25, | |||||||||||
2013 | 2012 | 2011 | |||||||||||
Notes issued as payment in kind | $ | 24,762 | $ | 26,924 | $ | — | |||||||
Conversion of debt to equity | 20 | 283,935 | — | ||||||||||
Second lien notes issued to SFL | — | 40,000 | — |
Discontinued_Operations_Tables
Discontinued Operations (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 22, 2013 | |||||||||||||||||||||
Summary of Financial Information for the Discontinued Operations Included in the Consolidated Statements of Cash Flows | ' | ||||||||||||||||||||
Cash payments for interest and income tax refunds were as follows (in thousands): | |||||||||||||||||||||
Fiscal Years Ended | |||||||||||||||||||||
December 22, | December 23, | December 25, | |||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Interest | $ | 33,919 | $ | 29,257 | $ | 34,609 | |||||||||||||||
Income taxes | (18 | ) | (234 | ) | (102 | ) | |||||||||||||||
Discontinued Operations [Member] | ' | ||||||||||||||||||||
Summary of Financial Information for the Discontinued Operations Included in the Consolidated Statements of Cash Flows | ' | ||||||||||||||||||||
The following table presents summarized cash flow information for the discontinued operations included in the Consolidated Statements of Cash Flows (in thousands): | |||||||||||||||||||||
December 22, 2013 | |||||||||||||||||||||
FSX Service | Logistics | Total | |||||||||||||||||||
Cash provided by operating activities | $ | 1,806 | $ | — | $ | 1,806 | |||||||||||||||
Cash provided by in investing activities | — | — | — | ||||||||||||||||||
Change in cash from discontinued operations | $ | 1,806 | $ | — | $ | 1,806 | |||||||||||||||
December 23, 2012 | |||||||||||||||||||||
FSX Service | Logistics | Total | |||||||||||||||||||
Cash (used in) provided by operating activities | $ | (26,030 | ) | $ | 319 | $ | (25,711 | ) | |||||||||||||
Cash provided by investing activities | 6,000 | — | 6,000 | ||||||||||||||||||
Change in cash from discontinued operations | $ | (20,030 | ) | $ | 319 | $ | (19,711 | ) | |||||||||||||
December 25, 2011 | |||||||||||||||||||||
FSX Service | Logistics | Total | |||||||||||||||||||
Cash used in operating activities | $ | (54,527 | ) | $ | 3,939 | $ | (50,588 | ) | |||||||||||||
Cash used in investing activities | (647 | ) | (58 | ) | (705 | ) | |||||||||||||||
Change in cash from discontinued operations | $ | (55,174 | ) | $ | 3,881 | $ | (51,293 | ) | |||||||||||||
Summary of Restructuring Reserve Activity | ' | ||||||||||||||||||||
The following table presents the restructuring reserves at December 25, 2011, December 23, 2012, and December 22, 2013, as well as activity during 2012 and 2013 (in thousands): | |||||||||||||||||||||
Balance at | Payments | Provisions(1) | Adjustments(2) | Balance at | |||||||||||||||||
December 25, | December 23, | ||||||||||||||||||||
2011 | 2012 | ||||||||||||||||||||
Vessel leases, net of estimated sublease(2) | $ | 77,060 | $ | (8,163 | ) | $ | 4,150 | $ | (72,300 | ) | $ | 747 | |||||||||
Rolling stock per-diem and lease termination costs | 9,921 | (9,785 | ) | — | (136 | ) | — | ||||||||||||||
Personnel-related costs | 5,330 | (5,533 | ) | 510 | (307 | ) | — | ||||||||||||||
Facility leases | 135 | (157 | ) | 22 | — | — | |||||||||||||||
Total | $ | 92,446 | $ | (23,638 | ) | $ | 4,682 | $ | (72,743 | ) | $ | 747 | |||||||||
-1 | The Company recorded the net present value of its future lease obligations, net of estimated sublease income, during the fourth quarter of 2011. The $4.2 million recorded during 2012 represents non-cash accretion of the liability. | ||||||||||||||||||||
-2 | On April 5, 2012, the Company entered into a Global Termination Agreement which enabled the Company to terminate these vessel leases in advance of the originally scheduled expiration date. The Company paid the remaining liability related to the lease termination during the first quarter of 2013. | ||||||||||||||||||||
Balance at | Payments | Provisions | Balance at | ||||||||||||||||||
December 23, | December 22, | ||||||||||||||||||||
2012 | 2013 | ||||||||||||||||||||
Vessel lease termination | $ | 747 | $ | (766 | ) | $ | 19 | $ | — | ||||||||||||
Summary of Financial Information for the Discontinued Operations Included in the Consolidated Statements of Operations | ' | ||||||||||||||||||||
The following table presents summarized financial information for the discontinued operations included in the Consolidated Statements of Operations (in thousands): | |||||||||||||||||||||
December 22, 2013 | |||||||||||||||||||||
FSX Service | Logistics | Total | |||||||||||||||||||
Operating revenue | $ | 3 | $ | — | $ | 3 | |||||||||||||||
Operating income | 2,333 | — | 2,333 | ||||||||||||||||||
Net income | 1,421 | — | 1,421 | ||||||||||||||||||
December 23, 2012 | |||||||||||||||||||||
FSX Service | Logistics | Total | |||||||||||||||||||
Operating revenue | $ | 490 | $ | — | $ | 490 | |||||||||||||||
Restructuring charge | 14,113 | — | 14,113 | ||||||||||||||||||
Operating loss | (16,115 | ) | — | (16,115 | ) | ||||||||||||||||
Net loss | (20,295 | ) | — | (20,295 | ) | ||||||||||||||||
December 25, 2011 | |||||||||||||||||||||
FSX Service | Logistics | Total | |||||||||||||||||||
Operating revenue | $ | 177,958 | $ | 13,762 | $ | 191,720 | |||||||||||||||
Restructuring charge | 119,314 | — | 119,314 | ||||||||||||||||||
Operating loss | (180,002 | ) | 2,114 | (177,888 | ) | ||||||||||||||||
Net (loss) income | (177,793 | ) | 1,570 | (176,223 | ) |
LongTerm_Debt_Tables
Long-Term Debt (Tables) | 12 Months Ended | ||||||||||||
Dec. 22, 2013 | |||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||
Components of Long-Term Debt | ' | ||||||||||||
Long-term debt, net of original issue discount or premium, consists of the following (in thousands): | |||||||||||||
December 22, | December 23, | ||||||||||||
2013 | 2012 | ||||||||||||
First lien notes | $ | 222,381 | $ | 225,305 | |||||||||
Second lien notes | 187,129 | 160,871 | |||||||||||
$75.0 million term loan agreement | 73,282 | — | |||||||||||
$20.0 million term loan agreement | 19,572 | — | |||||||||||
Capital lease obligations | 12,415 | 7,443 | |||||||||||
ABL facility | — | 42,500 | |||||||||||
6.00% convertible notes | 1,539 | 1,711 | |||||||||||
Total long-term debt | 516,318 | 437,830 | |||||||||||
Current portion | (11,473 | ) | (3,608 | ) | |||||||||
Long-term debt, net of current portion | $ | 504,845 | $ | 434,222 | |||||||||
Summary of Information Related to Guarantors and Non-Guarantors of Each of the Debt Agreements | ' | ||||||||||||
The following table summarizes the guarantors and non-guarantors of each of the Horizon Lines Debt Agreements as of December 22, 2013: | |||||||||||||
ABL Facility | $20 Million | First Lien | Second Lien | 6% Convertible | $75 Million | ||||||||
Agreement | Notes | Notes | Notes | Agreement | |||||||||
The Company | Guarantor | Guarantor | Guarantor | Guarantor | Issuer | Non-Guarantor | |||||||
Horizon Lines, LLC | Issuer | Issuer | Issuer | Issuer | Guarantor | Non-Guarantor | |||||||
Horizon Alaska | Non-Guarantor | Unrestricted | Unrestricted | Unrestricted | Unrestricted | Issuer | |||||||
Horizon Vessels | Non-Guarantor | Unrestricted | Unrestricted | Unrestricted | Unrestricted | Guarantor | |||||||
Alaska Terminals | Non-Guarantor | Unrestricted | Unrestricted | Unrestricted | Unrestricted | Guarantor | |||||||
Road Raiders Inland, Inc. and subsidiaries(1) | Immaterial | Immaterial | Immaterial | Immaterial | Immaterial | Non-Guarantor | |||||||
Other subsidiaries of the Company not specifically listed above | Guarantor | Guarantor | Guarantor | Guarantor | Guarantor | Non-Guarantor | |||||||
-1 | Subsequent to December 22, 2013, Road Raiders Inland, Inc. and each of its downstream subsidiaries entered into agreements to fully and unconditionally guarantee the Horizon Lines Debt Agreements. | ||||||||||||
Order of Lien Priority on Debt Agreements for Priority Collateral | ' | ||||||||||||
The following table lists the order of lien priority for each of the Horizon Lines Debt Agreements on the Secured Notes Priority Collateral and the ABL Priority Collateral, as applicable: | |||||||||||||
Secured Notes | ABL Priority | ||||||||||||
Priority | Collateral | ||||||||||||
Collateral | |||||||||||||
$20 Million Agreement | First | Second | |||||||||||
First Lien Notes | Second | Third | |||||||||||
Second Lien Notes | Third | Fourth | |||||||||||
6.0% Convertible Notes | Fourth | Fifth | |||||||||||
ABL Facility | Fifth | First | |||||||||||
Contractual Maturities of Long-Term Debt Obligations | ' | ||||||||||||
Contractual maturities of long-term debt obligations as of December 22, 2013 are as follows (in thousands): | |||||||||||||
2014 | $ | 7,875 | |||||||||||
2015 | 9,750 | ||||||||||||
2016 | 482,497 | ||||||||||||
2017 | 1,991 | ||||||||||||
2018 | — | ||||||||||||
Thereafter | — | ||||||||||||
$ | 502,113 | ||||||||||||
Restructuring_Tables
Restructuring (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 22, 2013 | |||||||||||||||||
Restructuring And Related Activities [Abstract] | ' | ||||||||||||||||
Summary of Restructuring Reserve Activity | ' | ||||||||||||||||
The following table presents the restructuring reserves at December 25, 2011, December 23, 2012, and December 22, 2013, as well as activity during the 2012 & 2013 (in thousands): | |||||||||||||||||
Balance at | Provision | Payments | Balance at | ||||||||||||||
December 25, | December 23, | ||||||||||||||||
2011 | 2012 | ||||||||||||||||
Personnel-related costs | $ | — | $ | 2,122 | $ | (160 | ) | $ | 1,962 | ||||||||
Equipment and relocation costs | — | 2,218 | — | 2,218 | |||||||||||||
Total | $ | — | $ | 4,340 | $ | (160 | ) | $ | 4,180 | ||||||||
Balance at | Provision | Payments | Balance at | ||||||||||||||
December 23, | December 22, | ||||||||||||||||
2012 | 2013 | ||||||||||||||||
Personnel-related costs | $ | 1,962 | $ | 450 | $ | (2,068 | ) | $ | 344 | ||||||||
Equipment and relocation costs | 2,218 | 974 | (2,949 | ) | 243 | ||||||||||||
Multi-employer pension plan withdrawal liability | — | 5,278 | (1) | (5,278 | ) | — | |||||||||||
Total | $ | 4,180 | $ | 6,702 | $ | (10,295 | ) | $ | 587 | ||||||||
-1 | Includes $0.4 million of non-cash interest accretion related to the liability for withdrawal from the Port of Elizabeth’s multi-employer pension plan. |
Intangible_Assets_Tables
Intangible Assets (Tables) | 12 Months Ended | ||||||||
Dec. 22, 2013 | |||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||
Schedule of Intangible Assets | ' | ||||||||
Intangible assets other than goodwill consist of the following (in thousands): | |||||||||
December 22, | December 23, | ||||||||
2013 | 2012 | ||||||||
Customer contracts/relationships | $ | 141,430 | $ | 141,430 | |||||
Trademarks | 63,800 | 63,800 | |||||||
Deferred financing costs | 15,691 | 13,781 | |||||||
Total intangibles with definite lives | 220,921 | 219,011 | |||||||
Less: accumulated amortization | (185,767 | ) | (170,438 | ) | |||||
Total intangible assets, net | $ | 35,154 | $ | 48,573 | |||||
Estimated Annual Amortization Expense | ' | ||||||||
Estimated annual amortization expense associated with the Company’s definite lived intangible assets for each of the succeeding five fiscal years is as follows (in thousands): | |||||||||
Fiscal Year Ending | |||||||||
2014 | $ | 9,863 | |||||||
2015 | 7,638 | ||||||||
2016 | 7,101 | ||||||||
2017 | 4,253 | ||||||||
2018 | 4,253 |
Other_Accrued_Liabilities_Tabl
Other Accrued Liabilities (Tables) | 12 Months Ended | ||||||||
Dec. 22, 2013 | |||||||||
Payables And Accruals [Abstract] | ' | ||||||||
Other Accrued Liabilities | ' | ||||||||
Other accrued liabilities consist of the following (in thousands): | |||||||||
December 22, | December 23, | ||||||||
2013 | 2012 | ||||||||
Vessel operations | $ | 12,286 | $ | 14,592 | |||||
Payroll and employee benefits | 16,101 | 13,409 | |||||||
Marine operations | 5,382 | 7,677 | |||||||
Terminal operations | 8,477 | 8,765 | |||||||
Fuel | 5,193 | 5,546 | |||||||
Interest | 6,817 | 4,946 | |||||||
Legal settlements | 4,382 | 6,500 | |||||||
Restructuring | 587 | 4,180 | |||||||
Other liabilities | 18,181 | 21,743 | |||||||
Total other accrued liabilities | $ | 77,406 | $ | 87,358 | |||||
Fair_Value_Measurement_Tables
Fair Value Measurement (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 22, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Liabilities Measured at Fair Value on Recurring Basis | ' | ||||||||||||||||
As of December 22, 2013, the Company’s liabilities measured at fair value on a recurring basis are as follows: | |||||||||||||||||
Quoted | Significant | Significant | Total | ||||||||||||||
Prices in | Other | Unobservable | |||||||||||||||
Active | Observable | Inputs | |||||||||||||||
Markets for | Inputs | (Level 3) | |||||||||||||||
Identical | (Level 2) | ||||||||||||||||
Assets | |||||||||||||||||
(Level 1) | |||||||||||||||||
Conversion features within Series A Notes (Note 3) | $ | — | $ | — | $ | 120 | $ | 120 | |||||||||
Total liabilities | $ | — | $ | — | $ | 120 | $ | 120 | |||||||||
As of December 23, 2012, the Company’s liabilities measured at fair value on a recurring basis are as follows: | |||||||||||||||||
Quoted | Significant | Significant | Total | ||||||||||||||
Prices in | Other | Unobservable | |||||||||||||||
Active | Observable | Inputs | |||||||||||||||
Markets for | Inputs | (Level 3) | |||||||||||||||
Identical | (Level 2) | ||||||||||||||||
Assets | |||||||||||||||||
(Level 1) | |||||||||||||||||
Conversion features within Series A Notes (Note 3) | $ | — | $ | — | $ | 392 | $ | 392 | |||||||||
Total liabilities | $ | — | $ | — | $ | 392 | $ | 392 | |||||||||
Net_Loss_Income_Per_Common_Sha1
Net (Loss) Income Per Common Share (Tables) | 12 Months Ended | ||||||||||||
Dec. 22, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Net (Loss) Income Per Common Share | ' | ||||||||||||
In periods when the Company generates net income from continued operations, diluted net (loss) income per share is based upon the weighted daily average number of shares of common stock outstanding for the period plus dilutive potential common shares, including stock options, restricted stock units, and warrants to purchase common stock, using the treasury-stock method and from convertible stock using the “if converted” method (in thousands, except per share amounts): | |||||||||||||
Fiscal Years Ended | |||||||||||||
December 22, | December 23, | December 25, | |||||||||||
2013 | 2012 | 2011 | |||||||||||
Numerator: | |||||||||||||
Loss from continuing operations | $ | (33,354 | ) | $ | (74,403 | ) | $ | (53,194 | ) | ||||
Income (loss) from discontinued operations | 1,421 | (20,295 | ) | (176,223 | ) | ||||||||
Net loss | $ | (31,933 | ) | $ | (94,698 | ) | $ | (229,417 | ) | ||||
Denominator: | |||||||||||||
Denominator for basic loss per common share: | |||||||||||||
Weighted average shares outstanding | 36,498 | 22,794 | 1,464 | ||||||||||
Effect of dilutive securities: | |||||||||||||
Stock-based compensation | — | — | — | ||||||||||
Warrants | — | — | — | ||||||||||
Denominator for diluted net loss per common share | 36,498 | 22,794 | 1,464 | ||||||||||
Basic net loss per common share from continuing operations | $ | (0.91 | ) | $ | (3.26 | ) | $ | (36.33 | ) | ||||
Basic net income (loss) per common share from discontinued operations | 0.04 | (0.89 | ) | (120.37 | ) | ||||||||
Basic net loss per common share | $ | (0.87 | ) | $ | (4.15 | ) | $ | (156.70 | ) | ||||
Diluted net loss per common share from continuing operations | $ | (0.91 | ) | $ | (3.26 | ) | $ | (36.33 | ) | ||||
Diluted net income (loss) per common share from discontinued operations | 0.04 | (0.89 | ) | (120.37 | ) | ||||||||
Diluted net loss per common share | $ | (0.87 | ) | $ | (4.15 | ) | $ | (156.70 | ) | ||||
Leases_Tables
Leases (Tables) | 12 Months Ended | ||||||||
Dec. 22, 2013 | |||||||||
Leases [Abstract] | ' | ||||||||
Future Minimum Lease Obligations | ' | ||||||||
Future minimum lease obligations at December 22, 2013 are as follows (in thousands): | |||||||||
Fiscal Year Ending December | Non-Cancelable | Capital | |||||||
Operating | Leases | ||||||||
Leases | |||||||||
2014 | $ | 49,702 | $ | 4,730 | |||||
2015 | 48,283 | 4,685 | |||||||
2016 | 13,308 | 3,712 | |||||||
2017 | 9,109 | 1,685 | |||||||
2018 | 6,872 | 42 | |||||||
Thereafter | 9,709 | — | |||||||
Total future minimum lease obligation | $ | 136,983 | 14,854 | ||||||
Less: amounts representing interest | (2,439 | ) | |||||||
Present value of future minimum lease obligation | 12,415 | ||||||||
Current portion of capital lease obligation | (3,598 | ) | |||||||
Long-term portion of capital lease obligation | $ | 8,817 | |||||||
Employee_Benefit_Plans_Tables
Employee Benefit Plans (Tables) | 12 Months Ended | ||||||||||||||||||||||||||
Dec. 22, 2013 | |||||||||||||||||||||||||||
Obligations and Funded Status | ' | ||||||||||||||||||||||||||
Obligations and Funded Status | |||||||||||||||||||||||||||
Pension Plans | Post-retirement | ||||||||||||||||||||||||||
Benefit Plans | |||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||
Change in Benefit Obligation: | |||||||||||||||||||||||||||
Beginning obligations | $ | (15,619 | ) | $ | (12,184 | ) | $ | (11,122 | ) | $ | (10,077 | ) | |||||||||||||||
Service cost | (549 | ) | (452 | ) | (327 | ) | (275 | ) | |||||||||||||||||||
Interest cost | (638 | ) | (662 | ) | (461 | ) | (522 | ) | |||||||||||||||||||
Actuarial (loss) gain | 1,635 | (2,739 | ) | 1,454 | (474 | ) | |||||||||||||||||||||
Benefits paid | 442 | 418 | 226 | 226 | |||||||||||||||||||||||
Ending obligations | (14,729 | ) | (15,619 | ) | (10,230 | ) | (11,122 | ) | |||||||||||||||||||
Change in Plans’ Assets: | |||||||||||||||||||||||||||
Beginning fair value | 9,606 | 8,558 | — | — | |||||||||||||||||||||||
Actual return on plans’ assets | 678 | 799 | — | — | |||||||||||||||||||||||
Employer contributions | 589 | 667 | — | — | |||||||||||||||||||||||
Benefits paid | (442 | ) | (418 | ) | — | — | |||||||||||||||||||||
Ending fair value | 10,431 | 9,606 | — | — | |||||||||||||||||||||||
Funded status at end of year | $ | (4,298 | ) | $ | (6,013 | ) | $ | (10,230 | ) | $ | (11,122 | ) | |||||||||||||||
Net Periodic Benefit Cost | ' | ||||||||||||||||||||||||||
Net Periodic Benefit Cost | |||||||||||||||||||||||||||
Pension Plans | Post-retirement | ||||||||||||||||||||||||||
Benefit Plans | |||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||
Service cost | $ | 549 | $ | 452 | $ | 327 | $ | 275 | |||||||||||||||||||
Interest cost | 638 | 662 | 461 | 522 | |||||||||||||||||||||||
Expected return on plan assets | (715 | ) | (640 | ) | — | — | |||||||||||||||||||||
Amortization of prior service cost | 254 | 254 | 103 | 103 | |||||||||||||||||||||||
Amortization of transition obligation | 102 | 102 | — | — | |||||||||||||||||||||||
Amortization of loss (gain) | 170 | 137 | (63 | ) | (70 | ) | |||||||||||||||||||||
Net periodic benefit cost | $ | 998 | $ | 967 | $ | 828 | $ | 830 | |||||||||||||||||||
Rate Assumptions | ' | ||||||||||||||||||||||||||
Rate Assumptions | |||||||||||||||||||||||||||
Pension | Post-retirement | ||||||||||||||||||||||||||
Benefits | Benefits | ||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||
Weighted-average discount rate used in determining net periodic cost | 4.2 | % | 5.3 | % | 4.2 | % | 5.3 | % | |||||||||||||||||||
Weighted-average expected long-term rate of return on plan assets in determination of net periodic costs | 7.5 | % | 7.5 | % | 0 | % | 0 | % | |||||||||||||||||||
Weighted-average rate of compensation increase(1) | 0 | % | 0 | % | 0 | % | 0 | % | |||||||||||||||||||
Weighted-average discount rate used in determination of projected benefit obligation | 4.8 | % | 4.2 | % | 4.9 | % | 4.2 | % | |||||||||||||||||||
Assumed health care cost trend: | |||||||||||||||||||||||||||
Initial trend | N/A | N/A | 7.5 | % | 8 | % | |||||||||||||||||||||
Ultimate trend rate | N/A | N/A | 5 | % | 4.5 | % | |||||||||||||||||||||
-1 | The defined benefit plan benefit payments are not based on compensation, but rather on years of service. | ||||||||||||||||||||||||||
Benefit Payments Reflecting Expected Future Service | ' | ||||||||||||||||||||||||||
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid (in thousands): | |||||||||||||||||||||||||||
Fiscal Year Ending | Pension | Post-retirement | |||||||||||||||||||||||||
Benefits | Benefits | ||||||||||||||||||||||||||
2014 | $ | 565 | $ | 326 | |||||||||||||||||||||||
2015 | 602 | 333 | |||||||||||||||||||||||||
2016 | 607 | 345 | |||||||||||||||||||||||||
2017 | 666 | 378 | |||||||||||||||||||||||||
2018 | 761 | 373 | |||||||||||||||||||||||||
2019-2023 | 4,324 | 2,087 | |||||||||||||||||||||||||
$ | 7,525 | $ | 3,842 | ||||||||||||||||||||||||
Pension Plans' Investment Policy and Weighted Average Asset Allocations | ' | ||||||||||||||||||||||||||
The Company’s pension plans’ investment policy and weighted average asset allocations at December 22, 2013 and December 23, 2012 by asset category are as follows: | |||||||||||||||||||||||||||
Asset Category | Pension Benefits at | Pension Benefits at | |||||||||||||||||||||||||
December 22, | December 23, | ||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||
Cash | 4 | % | 3 | % | |||||||||||||||||||||||
Equity securities | 59 | % | 62 | % | |||||||||||||||||||||||
Debt securities | 37 | % | 35 | % | |||||||||||||||||||||||
100 | % | 100 | % | ||||||||||||||||||||||||
Health and Benefits Fund [Member] | ' | ||||||||||||||||||||||||||
Multi-employer Health and Benefit Plans | ' | ||||||||||||||||||||||||||
The Company participates in the following multi-employer health and benefit plans: | |||||||||||||||||||||||||||
EIN/Pension Plan | 5% | Multi-employer | Surcharge | Expiration Date of | |||||||||||||||||||||||
Number | Contributor | Contributions | Imposed | Collective Bargaining | |||||||||||||||||||||||
(in thousands) | Agreement | ||||||||||||||||||||||||||
Health and Benefits Fund | 2013 | 2012 | 2011 | ||||||||||||||||||||||||
ILA — PRSSA Welfare Fund | 66-0214500 - 501 | Yes | $ | 2,975 | $ | 3,288 | $ | 3,159 | No | September 30, 2014 | |||||||||||||||||
MEBA Medical and Benefits Plan | 13-5590515 - 501 | Yes | 2,569 | 2,505 | 2,876 | No | 15-Jun-22 | ||||||||||||||||||||
MM&P Health and Benefit Plan | 13-6696938 - 501 | Yes | 2,115 | 2,223 | 2,780 | No | 15-Jun-17 | ||||||||||||||||||||
Alaska Teamster — Employer Welfare Trust | 91-6034674 - 501 | Yes | 2,300 | 2,740 | 3,064 | No | 30-Jun-15 | ||||||||||||||||||||
All Alaska Longshore Health and Welfare Trust Fund | 91-6070467 - 501 | Yes | 2,231 | 2,097 | 2,112 | No | 30-Jun-15 | ||||||||||||||||||||
Seafarers Health and Benefits Plan(1) | 13-5557534 - 501 | Yes | 5,150 | 4,845 | 6,263 | No | 30-Jun-17 | ||||||||||||||||||||
Western Teamsters Welfare Trust | 91-6033601 - 501 | No | 3,282 | 3,434 | 2,731 | No | 31-Mar-13 | ||||||||||||||||||||
Office and Professional Employees Welfare Fund | 23-7120690 - 501 | No | 127 | 116 | 139 | No | 9-Nov-14 | ||||||||||||||||||||
Stevedore Industry Committee Welfare Benefit Plan | 99-0313967 - 501 | Yes | 2,982 | 3,074 | 3,265 | No | 30-Jun-14 | ||||||||||||||||||||
$ | 23,731 | $ | 24,322 | $ | 26,389 | ||||||||||||||||||||||
-1 | Contributions made to the Seafarers Health and Benefits Plan are re-allocated to the Seafarers Pension Fund at the discretion of the plan Trustee. | ||||||||||||||||||||||||||
Pension Fund [Member] | ' | ||||||||||||||||||||||||||
Multi-employer Health and Benefit Plans | ' | ||||||||||||||||||||||||||
The Company participates in the following multi-employer pension plans: | |||||||||||||||||||||||||||
EIN/Pension Plan | Pension | FIP/RP | 5% | Multi-employer | Surcharge | Expiration Date of | |||||||||||||||||||||
Number | Protection Act | Status | Contributor | Contributions | Imposed | Collective | |||||||||||||||||||||
Zone Status | Pending/ | (in thousands) | Bargaining | ||||||||||||||||||||||||
Pension Fund | 2013 | 2012 | Implemented | 2013 | 2012 | 2011 | Agreement | ||||||||||||||||||||
ILA-PRSSA Pension Fund | 51-0151862 - 001 | Green | Green | No | Yes | $ | 2,967 | $ | 2,698 | $ | 2,391 | No | September 30, 2014 | ||||||||||||||
MEBA Pension Trust | 51-6029896 - 001 | Green | Green | No | No | 2,624 | 2,191 | — | No | 15-Jun-22 | |||||||||||||||||
Masters, Mates and Pilots Pension Plan | 13-6372630 - 001 | Green | Green | No | Yes | 2,602 | 3,435 | 4,457 | No | 15-Jun-17 | |||||||||||||||||
Masters, Mates and Pilots Adjustable Pension Plan | 46-2237700 - 001 | N/A | N/A | No | Yes | 488 | — | — | 15-Jun-17 | ||||||||||||||||||
Local 153 Pension Fund | 13-2864289 - 001 | Red | Red | Implemented | No | 311 | 275 | 330 | No | 9-Nov-14 | |||||||||||||||||
Alaska Teamster- Employer Pension Plan | 92-6003463 - 024 | Red | Red | Implemented | Yes | 2,648 | 3,340 | 3,210 | Yes | 30-Jun-15 | |||||||||||||||||
All Alaska Longshore Pension Plan | 91-6085352 - 001 | Green | Green | No | Yes | 960 | 876 | 846 | No | 30-Jun-15 | |||||||||||||||||
Seafarers Pension Fund(1) | 13-6100329 - 001 | Green | Green | No | Yes | — | — | — | No | 30-Jun-17 | |||||||||||||||||
Western Conference of Teamsters Pension Plan | 91-6145047 - 001 | Green | Green | No | No | 3,899 | 4,239 | 4,717 | No | 31-Mar-13 | |||||||||||||||||
Western Conference of Teamsters Supplemental Benefit Trust | 95-3746907 - 001 | Green | Green | No | Yes | 361 | 340 | 203 | No | 31-Mar-13 | |||||||||||||||||
Western States Office and Professional Employees Pension Fund | 94-6076144 - 001 | Red | Red | Implemented | No | 96 | 71 | 81 | No | 9-Nov-14 | |||||||||||||||||
Hawaii Stevedoring Multiemployer Pension Plan | 99-0314293 - 001 | Yellow | Yellow | Implemented | Yes | 3,310 | 3,151 | 2,631 | No | 30-Jun-14 | |||||||||||||||||
Hawaii Terminals Multiemployer Pension Plan | 20-0389370 - 001 | Yellow | Yellow | Implemented | No | 281 | 237 | 277 | No | 30-Jun-14 | |||||||||||||||||
NYSA-ILA Pension Trust Fund and Plan(2) | 13-5652028 - 001 | Red | Red | Implemented | No | 5,573 | 1,072 | 852 | Yes | N/A | |||||||||||||||||
$ | 26,120 | $ | 21,925 | $ | 19,995 | ||||||||||||||||||||||
-1 | The Company does not make contributions directly to the Seafarers Pension Plan. Instead, contributions are made to the Seafarers Health and Benefits Plan and subsequently re-allocated to the Seafarers Pension Fund at the discretion of the plan Trustee. | ||||||||||||||||||||||||||
-2 | The Company does not have a collective bargaining agreement with the NYSA-ILA Pension Trust Fund and Plan. Contributions made during 2013 primarily related to withdrawal from the Port of Elizabeth’s multiemployer pension plan. |
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 22, 2013 | |||||||||||||||||||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||||||||||||||||||||||
Compensation Cost Included in Selling, General, and Administration Expenses | ' | ||||||||||||||||||||||||||||||||
The following compensation costs are included within selling, general, and administrative expenses on the consolidated statements of operations (in thousands): | |||||||||||||||||||||||||||||||||
Fiscal Years Ended | |||||||||||||||||||||||||||||||||
December 22, | December 23, | December 25, | |||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||
Restricted stock units | $ | 2,764 | $ | 2,006 | $ | 81 | |||||||||||||||||||||||||||
Restricted stock | 131 | 163 | 586 | ||||||||||||||||||||||||||||||
Stock options | — | — | 60 | ||||||||||||||||||||||||||||||
Employee stock purchase plan | — | — | 31 | ||||||||||||||||||||||||||||||
Total | $ | 2,895 | $ | 2,169 | $ | 758 | |||||||||||||||||||||||||||
Summary of Grants Related to Restricted Stock Units | ' | ||||||||||||||||||||||||||||||||
The following table details grants of RSUs during 2012 and 2013: | |||||||||||||||||||||||||||||||||
Grant Date | Recipient | Total | Vesting Criteria | RSUs Vested | Potential Future Vesting Dates | ||||||||||||||||||||||||||||
RSUs | as of | ||||||||||||||||||||||||||||||||
Outstanding | December 22, | ||||||||||||||||||||||||||||||||
2013 | December 31, | March 31, | December 31, | March 31, | June 30, | ||||||||||||||||||||||||||||
2013 | 2014 | 2014 | 2015 | 2015 | |||||||||||||||||||||||||||||
5-Jul-12 | CEO | 1,500,000 | Time-Based | 250,000 | 500,000 | — | 500,000 | — | 250,000 | ||||||||||||||||||||||||
5-Jul-12 | CEO | 1,500,000 | Performance-Based | — | — | — | 1,500,000 | — | — | ||||||||||||||||||||||||
25-Jul-12 | Board of | 900,000 | Time-Based | 180,000 | — | 360,000 | — | 360,000 | — | ||||||||||||||||||||||||
Directors | |||||||||||||||||||||||||||||||||
25-Jul-12 | Management | 1,109,584 | Time-Based | 221,917 | — | 443,833 | — | 443,834 | — | ||||||||||||||||||||||||
25-Jul-12 | Management | 1,109,583 | Performance-Based | — | — | — | — | 1,109,583 | — | ||||||||||||||||||||||||
December 26, 2012 | Management | 120,834 | Time-Based | — | 72,500 | — | 48,334 | — | |||||||||||||||||||||||||
26-Dec-12 | Management | 120,833 | Performance-Based | — | — | — | — | 120,833 | — | ||||||||||||||||||||||||
1-Jun-13 | Management | 87,500 | Time-Based | — | 52,500 | — | 35,000 | — | |||||||||||||||||||||||||
1-Jun-13 | Management | 87,500 | Performance-Based | — | — | — | — | 87,500 | — | ||||||||||||||||||||||||
651,917 | 500,000 | 928,833 | 2,000,000 | 2,205,084 | 250,000 | ||||||||||||||||||||||||||||
Summary of Restricted Stock Units | ' | ||||||||||||||||||||||||||||||||
A summary of the status of the Company’s RSU awards for the fiscal year 2013 is presented below: | |||||||||||||||||||||||||||||||||
Restricted Stock Units | Number of | Weighted- | |||||||||||||||||||||||||||||||
Units | Average | ||||||||||||||||||||||||||||||||
Fair Value | |||||||||||||||||||||||||||||||||
at Grant | |||||||||||||||||||||||||||||||||
Date | |||||||||||||||||||||||||||||||||
Nonvested at December 23, 2012 | 6,119,167 | $ | 1.87 | ||||||||||||||||||||||||||||||
Granted | 416,667 | 1.51 | |||||||||||||||||||||||||||||||
Vested | (651,917 | ) | 1.86 | ||||||||||||||||||||||||||||||
Forfeited | — | — | |||||||||||||||||||||||||||||||
Nonvested at December 22, 2013 | 5,883,917 | $ | 1.85 | ||||||||||||||||||||||||||||||
Summary of Restricted Stock Awards | ' | ||||||||||||||||||||||||||||||||
A summary of the status of the Company’s restricted stock awards for the fiscal year 2013 is presented below: | |||||||||||||||||||||||||||||||||
Restricted Shares | Number of | Weighted- | |||||||||||||||||||||||||||||||
Shares | Average | ||||||||||||||||||||||||||||||||
Fair Value | |||||||||||||||||||||||||||||||||
at Grant | |||||||||||||||||||||||||||||||||
Date | |||||||||||||||||||||||||||||||||
Nonvested at December 23, 2012 | 8,327 | $ | 134.25 | ||||||||||||||||||||||||||||||
Granted | — | — | |||||||||||||||||||||||||||||||
Vested | (4,144 | ) | 123 | ||||||||||||||||||||||||||||||
Forfeited | (840 | ) | 365.75 | ||||||||||||||||||||||||||||||
Nonvested at December 22, 2013 | 3,343 | $ | 89.75 | ||||||||||||||||||||||||||||||
Summary of Stock Option Activity | ' | ||||||||||||||||||||||||||||||||
A summary of option activity for the fiscal year 2013 under the Plan is presented below: | |||||||||||||||||||||||||||||||||
Options | Number of | Weighted- | Weighted- | Aggregate | |||||||||||||||||||||||||||||
Shares | Average | Average | Intrinsic | ||||||||||||||||||||||||||||||
Exercise | Remaining | Value | |||||||||||||||||||||||||||||||
Price | Contractual | (000’s) | |||||||||||||||||||||||||||||||
Term (Years) | |||||||||||||||||||||||||||||||||
Outstanding at December 23, 2012 | 36,059 | $ | 390.75 | 4.34 | $ | — | |||||||||||||||||||||||||||
Granted | — | — | |||||||||||||||||||||||||||||||
Exercised | — | — | |||||||||||||||||||||||||||||||
Forfeited | — | — | |||||||||||||||||||||||||||||||
Expired | (9,230 | ) | 357.5 | ||||||||||||||||||||||||||||||
Outstanding, vested and exercisable at December 22, 2013 | 26,829 | $ | 402.25 | 2.55 | $ | — | |||||||||||||||||||||||||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||||||
Dec. 22, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Components of Income Taxes Expenses | ' | ||||||||||||
Income tax (benefit) expense is as follows (in thousands): | |||||||||||||
Fiscal Years Ended | |||||||||||||
December 22, | December 23, | December 25, | |||||||||||
2013 | 2012 | 2011 | |||||||||||
Current: | |||||||||||||
Federal | $ | 39 | $ | — | $ | 35 | |||||||
State/territory | 145 | (288 | ) | (235 | ) | ||||||||
Total current | 184 | (288 | ) | (200 | ) | ||||||||
Deferred: | |||||||||||||
Federal | (2,029 | ) | (1,537 | ) | — | ||||||||
State/territory | (80 | ) | 343 | 326 | |||||||||
Total deferred | (2,109 | ) | (1,194 | ) | 326 | ||||||||
Income tax (benefit) expense | $ | (1,925 | ) | $ | (1,482 | ) | $ | 126 | |||||
The Difference Between the Income Tax (Benefit) Expense and the Amounts Computed by Applying the Statutory Federal Income Tax Rates to Earnings Before Income Taxes | ' | ||||||||||||
The difference between the income tax (benefit) expense and the amounts computed by applying the statutory federal income tax rates to earnings before income taxes are as follows (in thousands): | |||||||||||||
Fiscal Years Ended | |||||||||||||
December 22, | December 23, | December 25, | |||||||||||
2013 | 2012 | 2011 | |||||||||||
Income tax benefit at statutory rates: | $ | (12,350 | ) | $ | (26,606 | ) | $ | (18,574 | ) | ||||
State/territory, net of federal income tax (benefit) expense (excluding valuation allowance) | (262 | ) | (4,202 | ) | 716 | ||||||||
Qualifying shipping income | — | (449 | ) | 4,615 | |||||||||
Fines and penalties | 825 | 431 | (1,908 | ) | |||||||||
Goodwill impairment | — | — | 38,197 | ||||||||||
Cancellation of debt | — | 2,677 | 5,553 | ||||||||||
Gain on change in value of debt conversion features | — | (6,792 | ) | (14,413 | ) | ||||||||
Valuation allowance | 11,369 | 34,031 | (16,007 | ) | |||||||||
Interest rate swap | — | (1,573 | ) | — | |||||||||
Intraperiod allocation | (2,325 | ) | — | — | |||||||||
Other Items | 818 | 1,001 | 1,947 | ||||||||||
Income tax (benefit) expense | $ | (1,925 | ) | $ | (1,482 | ) | $ | 126 | |||||
Components of Deferred Tax Assets and Liabilities | ' | ||||||||||||
The components of deferred tax assets and liabilities are as follows (in thousands): | |||||||||||||
December 22, | December 23, | ||||||||||||
2013 | 2012 | ||||||||||||
Deferred tax assets: | |||||||||||||
Net operating losses, AMT carryforwards, and state credit carryforwards | $ | 76,077 | $ | 63,056 | |||||||||
Allowance for doubtful accounts | 1,701 | 1,340 | |||||||||||
Post-retirement benefits | 7,984 | 8,998 | |||||||||||
Lease termination payment | 32,538 | 33,073 | |||||||||||
Leases | — | 5,510 | |||||||||||
Other | 9,495 | 15,538 | |||||||||||
Valuation allowances | (90,135 | ) | (81,036 | ) | |||||||||
Total deferred tax assets | 37,660 | 46,479 | |||||||||||
Deferred tax liabilities: | |||||||||||||
Depreciation | (26,141 | ) | (30,428 | ) | |||||||||
Capital construction fund | (5,598 | ) | (6,364 | ) | |||||||||
Intangibles | (3,864 | ) | (7,117 | ) | |||||||||
Other | (2,308 | ) | (2,606 | ) | |||||||||
Total deferred tax liabilities | (37,911 | ) | (46,515 | ) | |||||||||
Net deferred tax liability | $ | (251 | ) | $ | (36 | ) | |||||||
Reconciliation of Unrecognized Tax Benefits | ' | ||||||||||||
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands): | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Beginning balance | $ | 15,428 | $ | 15,380 | $ | 13,596 | |||||||
Additions based on tax positions related to the current year | — | — | 860 | ||||||||||
Additions for tax positions of prior years | — | 48 | 924 | ||||||||||
Reductions for tax positions of prior years | — | — | — | ||||||||||
Ending balance | $ | 15,428 | $ | 15,428 | $ | 15,380 | |||||||
Quarterly_Financial_Data_Unaud1
Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 22, 2013 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
Unaudited Quarterly Financial Data | ' | ||||||||||||||||
Set forth below are unaudited quarterly financial data (in thousands, except per share amounts): | |||||||||||||||||
Fiscal Year 2013 | |||||||||||||||||
First | Second | Third | Fourth | ||||||||||||||
Quarter | Quarter | Quarter | Quarter | ||||||||||||||
Operating revenue | $ | 244,491 | $ | 259,784 | $ | 273,663 | $ | 255,372 | |||||||||
Operating (loss) income(1) | (4,295 | ) | 15,976 | 17,918 | 1,778 | ||||||||||||
(Loss) income from continuing operations | $ | (20,073 | ) | $ | (853 | ) | $ | 1,603 | $ | (14,031 | ) | ||||||
(Loss) income from discontinued operations(2) | (278 | ) | (651 | ) | 2,477 | (127 | ) | ||||||||||
Net (loss) income(1)(2) | $ | (20,351 | ) | $ | (1,504 | ) | $ | 4,080 | $ | (14,158 | ) | ||||||
Basic net (loss) income per share from continuing operations | $ | (0.58 | ) | $ | (0.02 | ) | $ | 0.04 | $ | (0.36 | ) | ||||||
Basic net (loss) income per share from discontinued operations | (0.01 | ) | (0.02 | ) | 0.07 | — | |||||||||||
Basic net (loss) income per share | $ | (0.59 | ) | $ | (0.04 | ) | $ | 0.11 | $ | (0.36 | ) | ||||||
Diluted net (loss) income per share from continuing operations | $ | (0.58 | ) | $ | (0.02 | ) | $ | 0.02 | $ | (0.36 | ) | ||||||
Diluted net loss per share from discontinued operations | (0.01 | ) | (0.02 | ) | 0.03 | — | |||||||||||
Diluted net (loss) income per share | $ | (0.59 | ) | $ | (0.04 | ) | $ | 0.05 | $ | (0.36 | ) | ||||||
Fiscal Year 2012 | |||||||||||||||||
First | Second | Third | Fourth | ||||||||||||||
Quarter | Quarter | Quarter | Quarter | ||||||||||||||
Operating revenue | $ | 263,354 | $ | 270,939 | $ | 279,604 | $ | 259,825 | |||||||||
Operating (loss) income(1) | (6,064 | ) | 1,007 | 13,222 | (3,913 | ) | |||||||||||
(Loss) income from continuing operations | $ | (26,802 | ) | $ | (31,140 | ) | $ | 1,443 | $ | (17,904 | ) | ||||||
(Loss) income from discontinued operations | (5,707 | ) | (14,934 | ) | 414 | (68 | ) | ||||||||||
Net (loss) income(1) | $ | (32,509 | ) | $ | (46,074 | ) | $ | 1,857 | $ | (17,972 | ) | ||||||
Basic net (loss) income per share from continuing operations | $ | (8.58 | ) | $ | (1.55 | ) | $ | 0.05 | $ | (0.52 | ) | ||||||
Basic net (loss) income per share from discontinued operations | (1.83 | ) | (0.75 | ) | 0.01 | — | |||||||||||
Basic net (loss) income per share | $ | (10.41 | ) | $ | (2.30 | ) | $ | 0.06 | $ | (0.52 | ) | ||||||
Diluted net (loss) income per share from continuing operations | $ | (8.58 | ) | $ | (1.55 | ) | $ | 0.02 | $ | (0.52 | ) | ||||||
Diluted net (loss) income per share from discontinued operations | (1.83 | ) | (0.75 | ) | — | — | |||||||||||
Diluted net (loss) income per share | $ | (10.41 | ) | $ | (2.30 | ) | $ | 0.02 | $ | (0.52 | ) | ||||||
-1 | The second and third quarter of 2013 include an impairment charge of $2.6 million and $0.7 million, respectively. The first, second, and third quarter of 2013 include a restructuring charge of $4.8 million, $0.4 million, and $1.0 million, respectively. The second and fourth quarter of 2012 include an impairment charge of $0.3 million and $0.1 million, respectively. The fourth quarter of 2012 includes a restructuring charge of $4.3 million. | ||||||||||||||||
-2 | During 2013, the Company incurred legal and professional fees associated with an arbitration proceeding. The Company was seeking reimbursement of certain costs and expenditures related to previously co-owned assets that were utilized as part of the Company’s FSX service. During the third quarter of 2013, an arbitration panel awarded the Company $3.0 million plus reimbursement of $0.8 million of legal fees and expenses. |
Financial_Statements_of_Guaran1
Financial Statements of Guarantors (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 22, 2013 | |||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||
Summary of Condensed Consolidating Balance Sheet | ' | ||||||||||||||||
Condensed Consolidating Balance Sheet | |||||||||||||||||
22-Dec-13 | |||||||||||||||||
(in thousands) | |||||||||||||||||
Combined | Combined | Eliminations | Consolidated | ||||||||||||||
Guarantor | Non- | ||||||||||||||||
Subsidiaries | Guarantor | ||||||||||||||||
Subsidiaries | |||||||||||||||||
ASSETS | |||||||||||||||||
Current assets: | |||||||||||||||||
Cash | $ | 5,236 | $ | — | $ | — | $ | 5,236 | |||||||||
Accounts receivable, net | 100,460 | — | — | 100,460 | |||||||||||||
Materials and supplies | 23,369 | — | — | 23,369 | |||||||||||||
Vessel rent receivable | — | 7,884 | (7,884 | ) | — | ||||||||||||
Deferred tax asset | 1,140 | — | — | 1,140 | |||||||||||||
Other current assets | 8,910 | 5 | — | 8,915 | |||||||||||||
Total current assets | 139,115 | 7,889 | (7,884 | ) | 139,120 | ||||||||||||
Property and equipment, net | 145,281 | 81,557 | — | 226,838 | |||||||||||||
Goodwill | 198,793 | — | — | 198,793 | |||||||||||||
Intangible assets, net | 35,154 | — | — | 35,154 | |||||||||||||
Due from affiliates | — | 1,965 | (1,965 | ) | — | ||||||||||||
Other long-term assets | 24,702 | — | — | 24,702 | |||||||||||||
Total assets | $ | 543,045 | $ | 91,411 | $ | (9,849 | ) | $ | 624,607 | ||||||||
LIABILITIES AND STOCKHOLDERS’ (DEFICIENCY) EQUITY | |||||||||||||||||
Current liabilities: | |||||||||||||||||
Accounts payable | $ | 49,897 | $ | — | $ | — | $ | 49,897 | |||||||||
Current portion of long-term debt, including capital lease | 5,848 | 5,625 | — | 11,473 | |||||||||||||
Accrued vessel rent | 7,884 | — | (7,884 | ) | — | ||||||||||||
Other accrued liabilities | 75,640 | 1,766 | — | 77,406 | |||||||||||||
Total current liabilities | 139,269 | 7,391 | (7,884 | ) | 138,776 | ||||||||||||
Long-term debt, including capital lease, net of current portion | 437,188 | 67,657 | — | 504,845 | |||||||||||||
Deferred tax liability | 1,391 | — | — | 1,391 | |||||||||||||
Due to affiliates | 1,965 | — | (1,965 | ) | — | ||||||||||||
Other long-term liabilities | 23,387 | — | — | 23,387 | |||||||||||||
Total liabilities | 603,200 | 75,048 | (9,849 | ) | 668,399 | ||||||||||||
Stockholders’ (deficiency) equity: | |||||||||||||||||
Preferred stock | — | — | — | — | |||||||||||||
Common stock | 999 | — | — | 999 | |||||||||||||
Additional paid in capital | 368,159 | 15,914 | — | 384,073 | |||||||||||||
(Accumulated deficit) retained earnings | (430,340 | ) | 449 | — | (429,891 | ) | |||||||||||
Accumulated other comprehensive income | 1,027 | — | — | 1,027 | |||||||||||||
Total stockholders’ (deficiency) equity | (60,155 | ) | 16,363 | — | (43,792 | ) | |||||||||||
Total liabilities and stockholders’ (deficiency) equity | $ | 543,045 | $ | 91,411 | $ | (9,849 | ) | $ | 624,607 | ||||||||
Summary of Condensed Consolidating Statement of Operations | ' | ||||||||||||||||
Condensed Consolidating Statement of Operations | |||||||||||||||||
Year Ended December 22, 2013 | |||||||||||||||||
(in thousands) | |||||||||||||||||
Combined | Combined | Eliminations | Consolidated | ||||||||||||||
Guarantor | Non-Guarantor | ||||||||||||||||
Subsidiaries | Subsidiaries | ||||||||||||||||
Operating revenue | $ | 1,033,310 | $ | 14,548 | $ | (14,548 | ) | $ | 1,033,310 | ||||||||
Operating expense: | |||||||||||||||||
Cost of services (excluding depreciation expense) | 880,668 | — | (14,548 | ) | 866,120 | ||||||||||||
Depreciation and amortization | 30,962 | 5,888 | — | 36,850 | |||||||||||||
Amortization of vessel dry-docking | 14,701 | — | — | 14,701 | |||||||||||||
Selling, general and administrative | 76,657 | 52 | — | 76,709 | |||||||||||||
Restructuring charge | 6,324 | — | — | 6,324 | |||||||||||||
Impairment charge | 3,295 | — | — | 3,295 | |||||||||||||
Legal settlements | 1,387 | — | — | 1,387 | |||||||||||||
Miscellaneous income | (3,910 | ) | 457 | — | (3,453 | ) | |||||||||||
Total operating expense | 1,010,084 | 6,397 | (14,548 | ) | 1,001,933 | ||||||||||||
Operating income | 23,226 | 8,151 | — | 31,377 | |||||||||||||
Other expense (income): | |||||||||||||||||
Interest expense, net | 59,214 | 7,702 | — | 66,916 | |||||||||||||
Gain on conversion of debt | (5 | ) | — | — | (5 | ) | |||||||||||
Gain on change in value of debt conversion features | (271 | ) | — | — | (271 | ) | |||||||||||
Other expense, net | 16 | — | — | 16 | |||||||||||||
(Loss) income from continuing operations before income tax benefit | (35,728 | ) | 449 | — | (35,279 | ) | |||||||||||
Income tax benefit | (1,925 | ) | — | — | (1,925 | ) | |||||||||||
Net (loss) income from continuing operations | (33,803 | ) | 449 | — | (33,354 | ) | |||||||||||
Net income from discontinued operations | 1,421 | — | — | 1,421 | |||||||||||||
Net (loss) income | $ | (32,382 | ) | $ | 449 | $ | — | $ | (31,933 | ) | |||||||
Summary of Condensed Consolidating Statement of Cash Flows | ' | ||||||||||||||||
Condensed Consolidating Statement of Cash Flows | |||||||||||||||||
Year Ended December 22, 2013 | |||||||||||||||||
(in thousands) | |||||||||||||||||
Combined | Combined | Eliminations | Consolidated | ||||||||||||||
Guarantor | Non-Guarantor | ||||||||||||||||
Subsidiaries | Subsidiaries | ||||||||||||||||
Net cash provided by operating activities from continuing operations | $ | 31,167 | $ | 676 | $ | — | $ | 31,843 | |||||||||
Net cash provided by operating activities from discontinued operations | 1,806 | — | — | 1,806 | |||||||||||||
Cash flows from investing activities: | |||||||||||||||||
Purchases of equipment | (21,997 | ) | (91,849 | ) | — | (113,846 | ) | ||||||||||
Proceeds from sale of equipment | 15,739 | — | — | 15,739 | |||||||||||||
Net cash flows from investing activities | (6,258 | ) | (91,849 | ) | — | (98,107 | ) | ||||||||||
Cash flows from financings activities: | |||||||||||||||||
Issuance of debt | 20,000 | 75,000 | — | 95,000 | |||||||||||||
Borrowing under revolving credit facility | 34,300 | — | — | 34,300 | |||||||||||||
Payments on revolving credit facility | (76,800 | ) | — | — | (76,800 | ) | |||||||||||
Payments of long-term debt | (2,250 | ) | — | — | (2,250 | ) | |||||||||||
Payment of financing costs | (5,711 | ) | — | — | (5,711 | ) | |||||||||||
Payments on capital lease obligations | (2,684 | ) | — | — | (2,684 | ) | |||||||||||
Intercompany transactions, net | (16,173 | ) | 16,173 | — | — | ||||||||||||
Net cash flows from financing activities | (49,318 | ) | 91,173 | — | 41,855 | ||||||||||||
Net change in cash from continuing operations | (24,409 | ) | — | — | (24,409 | ) | |||||||||||
Net change in cash from discontinued operations | 1,806 | — | — | 1,806 | |||||||||||||
Net change in cash | (22,603 | ) | — | — | (22,603 | ) | |||||||||||
Cash at beginning of year | 27,839 | — | — | 27,839 | |||||||||||||
Cash at end of year | $ | 5,236 | $ | — | $ | — | $ | 5,236 | |||||||||
Basis_of_Presentation_and_Oper1
Basis of Presentation and Operations - Additional Information (Detail) | 3 Months Ended | 12 Months Ended | ||
Dec. 07, 2011 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 06, 2011 | |
Organization Consolidation And Presentation Of Financial Statements [Abstract] | ' | ' | ' | ' |
Minimum percentage of ownership by domestic citizens subsidiary in shipping business | ' | 75.00% | ' | ' |
Reverse stock split | '1-for-25 | ' | ' | ' |
Shares of common stock held | 25 | ' | ' | ' |
Common stock, shares outstanding | 2,300,000 | 38,885,000 | 34,434,000 | 56,700,000 |
Significant_Accounting_Policie3
Significant Accounting Policies - Additional Information (Detail) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 22, 2013 | Dec. 23, 2012 |
Segment | ||
Unit | ||
Accounting Policies [Line Items] | ' | ' |
Allowance for doubtful accounts | $3.80 | $3.30 |
Number of operating segments | 1 | ' |
Number of reportable units | 1 | ' |
Dry-docking [Member] | ' | ' |
Accounting Policies [Line Items] | ' | ' |
Useful life of assets | '30 months | ' |
Trademarks [Member] | ' | ' |
Accounting Policies [Line Items] | ' | ' |
Useful life of assets | '15 years | ' |
Minimum [Member] | Customer Contracts and Relationships [Member] | ' | ' |
Accounting Policies [Line Items] | ' | ' |
Useful life of assets | '4 years | ' |
Maximum [Member] | Customer Contracts and Relationships [Member] | ' | ' |
Accounting Policies [Line Items] | ' | ' |
Useful life of assets | '10 years | ' |
Significant_Accounting_Policie4
Significant Accounting Policies - Property Plant and Equipment Useful Life (Detail) | 12 Months Ended |
Dec. 22, 2013 | |
Buildings Chassis and Cranes [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful life of assets | '25 years |
Containers [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful life of assets | '15 years |
Vessels [Member] | Maximum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful life of assets | '40 years |
Vessels [Member] | Minimum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful life of assets | '20 years |
Software [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful life of assets | '3 years |
Other [Member] | Maximum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful life of assets | '10 years |
Other [Member] | Minimum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful life of assets | '3 years |
Significant_Accounting_Policie5
Significant Accounting Policies - Summary of Non-Cash Financing Activities (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 |
Regulatory Assets [Abstract] | ' | ' | ' |
Notes issued as payment in kind | $24,762 | $26,924 | ' |
Conversion of debt to equity | 20 | 283,935 | ' |
Second lien notes issued to SFL | ' | $40,000 | ' |
Significant_Accounting_Policie6
Significant Accounting Policies - Summary of Cash Payments for Interest and Income Taxes (Refunds) (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 |
Regulatory Assets [Abstract] | ' | ' | ' |
Interest | $33,919 | $29,257 | $34,609 |
Income taxes | ($18) | ($234) | ($102) |
LongTerm_Debt_Components_of_Lo
Long-Term Debt - Components of Long-Term Debt (Detail) (USD $) | Dec. 22, 2013 | Dec. 23, 2012 |
In Thousands, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
Total long-term debt | $516,318 | $437,830 |
Current portion | -11,473 | -3,608 |
Long-term debt, net of current portion | 504,845 | 434,222 |
ABL Facility [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total long-term debt | ' | 42,500 |
First Lien Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total long-term debt | 222,381 | 225,305 |
Second Lien Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total long-term debt | 187,129 | 160,871 |
$75.0 Million Term Loan Agreement [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total long-term debt | 73,282 | ' |
$20.0 Million Term Loan Agreement [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total long-term debt | 19,572 | ' |
Capital Lease Obligations [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total long-term debt | 12,415 | 7,443 |
6.00% Convertible Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total long-term debt | $1,539 | $1,711 |
LongTerm_Debt_Components_of_Lo1
Long-Term Debt - Components of Long-Term Debt (Parenthetical) (Detail) (USD $) | Dec. 22, 2013 | Jan. 31, 2013 |
In Millions, unless otherwise specified | ||
$75.0 Million Term Loan Agreement [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt instrument principal amount | $75 | $75 |
Senior Notes Stated Percentage | ' | 10.25% |
$20.0 Million Term Loan Agreement [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt instrument principal amount | $20 | $20 |
Senior Notes Stated Percentage | ' | 8.00% |
6.00% Convertible Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Senior Notes Stated Percentage | 6.00% | ' |
LongTerm_Debt_Summary_of_Infor
Long-Term Debt - Summary of Information Related to Guarantors and Non-Guarantors of Each of the Debt Agreements (Detail) | 12 Months Ended |
Dec. 22, 2013 | |
Parent Company [Member] | ABL Facility [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
Horizon Lines, LLC [Member] | ABL Facility [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Issuer |
Horizon Alaska [Member] | ABL Facility [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Non-Guarantor |
Horizon Vessels [Member] | ABL Facility [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Non-Guarantor |
Alaska Terminals [Member] | ABL Facility [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Non-Guarantor |
Road Raiders Inland, Inc. and Subsidiaries [Member] | ABL Facility [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Immaterial |
Other Subsidiaries of the Company [Member] | ABL Facility [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
$20.0 Million Term Loan Agreement [Member] | Parent Company [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
$20.0 Million Term Loan Agreement [Member] | Horizon Lines, LLC [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Issuer |
$20.0 Million Term Loan Agreement [Member] | Horizon Alaska [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Unrestricted |
$20.0 Million Term Loan Agreement [Member] | Horizon Vessels [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Unrestricted |
$20.0 Million Term Loan Agreement [Member] | Alaska Terminals [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Unrestricted |
$20.0 Million Term Loan Agreement [Member] | Road Raiders Inland, Inc. and Subsidiaries [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Immaterial |
$20.0 Million Term Loan Agreement [Member] | Other Subsidiaries of the Company [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
First Lien Notes [Member] | Parent Company [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
First Lien Notes [Member] | Horizon Lines, LLC [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Issuer |
First Lien Notes [Member] | Horizon Alaska [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Unrestricted |
First Lien Notes [Member] | Horizon Vessels [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Unrestricted |
First Lien Notes [Member] | Alaska Terminals [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Unrestricted |
First Lien Notes [Member] | Road Raiders Inland, Inc. and Subsidiaries [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Immaterial |
First Lien Notes [Member] | Other Subsidiaries of the Company [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
Second Lien Notes [Member] | Parent Company [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
Second Lien Notes [Member] | Horizon Lines, LLC [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Issuer |
Second Lien Notes [Member] | Horizon Alaska [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Unrestricted |
Second Lien Notes [Member] | Horizon Vessels [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Unrestricted |
Second Lien Notes [Member] | Alaska Terminals [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Unrestricted |
Second Lien Notes [Member] | Road Raiders Inland, Inc. and Subsidiaries [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Immaterial |
Second Lien Notes [Member] | Other Subsidiaries of the Company [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
6.00% Convertible Notes [Member] | Parent Company [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Issuer |
6.00% Convertible Notes [Member] | Horizon Lines, LLC [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
6.00% Convertible Notes [Member] | Horizon Alaska [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Unrestricted |
6.00% Convertible Notes [Member] | Horizon Vessels [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Unrestricted |
6.00% Convertible Notes [Member] | Alaska Terminals [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Unrestricted |
6.00% Convertible Notes [Member] | Road Raiders Inland, Inc. and Subsidiaries [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Immaterial |
6.00% Convertible Notes [Member] | Other Subsidiaries of the Company [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
$75.0 Million Term Loan Agreement [Member] | Parent Company [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Non-Guarantor |
$75.0 Million Term Loan Agreement [Member] | Horizon Lines, LLC [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Non-Guarantor |
$75.0 Million Term Loan Agreement [Member] | Horizon Alaska [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Issuer |
$75.0 Million Term Loan Agreement [Member] | Horizon Vessels [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
$75.0 Million Term Loan Agreement [Member] | Alaska Terminals [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
$75.0 Million Term Loan Agreement [Member] | Road Raiders Inland, Inc. and Subsidiaries [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Non-Guarantor |
$75.0 Million Term Loan Agreement [Member] | Other Subsidiaries of the Company [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Non-Guarantor |
LongTerm_Debt_Order_of_Lien_Pr
Long-Term Debt - Order of Lien Priority for Debt Agreements on the Secured Notes Priority Collateral and the ABL Priority Collateral (Detail) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 22, 2013 | Jan. 31, 2013 |
$20.0 Million Term Loan Agreement [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Secured notes priority collateral | 'First | ' |
ABL Priority Collateral | 'Second | ' |
Debt instrument principal amount | $20 | $20 |
Senior notes states percentage | ' | 8.00% |
First Lien Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Secured notes priority collateral | 'Second | ' |
ABL Priority Collateral | 'Third | ' |
Second Lien Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Secured notes priority collateral | 'Third | ' |
ABL Priority Collateral | 'Fourth | ' |
6.00% Convertible Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Secured notes priority collateral | 'Fourth | ' |
ABL Priority Collateral | 'Fifth | ' |
Senior notes states percentage | 6.00% | ' |
ABL Facility [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Secured notes priority collateral | 'Fifth | ' |
ABL Priority Collateral | 'First | ' |
ABL Facility [Member] | $20.0 Million Term Loan Agreement [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt instrument principal amount | ' | $20 |
LongTerm_Debt_Additional_Infor
Long-Term Debt - Additional Information (Detail) (USD $) | 3 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 9 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||
Dec. 07, 2011 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 | Apr. 09, 2012 | Jan. 31, 2013 | Oct. 05, 2011 | Dec. 22, 2013 | Oct. 05, 2011 | Oct. 05, 2011 | Jan. 31, 2013 | Dec. 22, 2013 | Jan. 31, 2013 | Dec. 22, 2013 | Jan. 31, 2013 | Jan. 31, 2013 | Jan. 31, 2013 | Sep. 22, 2013 | Dec. 22, 2013 | Jan. 31, 2013 | Jan. 31, 2013 | Jan. 31, 2013 | Oct. 05, 2011 | Oct. 05, 2011 | Dec. 22, 2013 | Dec. 22, 2013 | Dec. 22, 2013 | Oct. 15, 2013 | Apr. 15, 2013 | Dec. 23, 2012 | Oct. 15, 2012 | Apr. 15, 2012 | Oct. 05, 2011 | Dec. 22, 2013 | Oct. 05, 2011 | Dec. 22, 2013 | Oct. 05, 2011 | Dec. 22, 2013 | Dec. 22, 2013 | Oct. 15, 2013 | Apr. 15, 2013 | Oct. 15, 2012 | Dec. 22, 2013 | Dec. 22, 2013 | Oct. 05, 2011 | Oct. 05, 2011 | Dec. 22, 2013 | Dec. 22, 2013 | Oct. 05, 2011 | Oct. 05, 2011 | Dec. 22, 2013 | Oct. 05, 2011 | Jan. 31, 2013 | |
Vessel | ABL Facility [Member] | ABL Facility [Member] | ABL Facility [Member] | ABL Facility [Member] | ABL Facility [Member] | D-7 Vessels [Member] | Warrants [Member] | $20.0 Million Term Loan Agreement [Member] | $20.0 Million Term Loan Agreement [Member] | $20.0 Million Term Loan Agreement [Member] | $20.0 Million Term Loan Agreement [Member] | $75.0 Million Term Loan Agreement [Member] | $75.0 Million Term Loan Agreement [Member] | $75.0 Million Term Loan Agreement [Member] | $75.0 Million Term Loan Agreement [Member] | $75.0 Million Term Loan Agreement [Member] | First Lien Note [Member] | Convertible Senior Secured Notes Series A [Member] | Convertible Senior Secured Notes Series B [Member] | Minimum [Member] | Maximum [Member] | 13.00%-15.00% Second Lien Senior Secured Notes Due 2016 [Member] | 13.00%-15.00% Second Lien Senior Secured Notes Due 2016 [Member] | 13.00%-15.00% Second Lien Senior Secured Notes Due 2016 [Member] | 13.00%-15.00% Second Lien Senior Secured Notes Due 2016 [Member] | 13.00%-15.00% Second Lien Senior Secured Notes Due 2016 [Member] | 13.00%-15.00% Second Lien Senior Secured Notes Due 2016 [Member] | 13.00%-15.00% Second Lien Senior Secured Notes Due 2016 [Member] | 13.00%-15.00% Second Lien Senior Secured Notes Due 2016 [Member] | 13.00%-15.00% Second Lien Senior Secured Notes Due 2016 [Member] | 13.00%-15.00% Second Lien Senior Secured Notes Due 2016 [Member] | 13.00%-15.00% Second Lien Senior Secured Notes Due 2016 [Member] | 13.00%-15.00% Second Lien Senior Secured Notes Due 2016 [Member] | Sfl Notes Due Two Thousand Sixteen [Member] | Sfl Notes Due Two Thousand Sixteen [Member] | Sfl Notes Due Two Thousand Sixteen [Member] | Sfl Notes Due Two Thousand Sixteen [Member] | 6.00% Convertible Notes [Member] | 6.00% Convertible Notes [Member] | 6.00% Convertible Notes [Member] | 6.00% Convertible Notes [Member] | 6% Convertible Notes Due 2017 [Member] | 6% Convertible Notes Due 2017 [Member] | 6% Convertible Notes Due 2017 [Member] | 6% Convertible Notes Due 2017 [Member] | 11.00% First Lien Senior Secured Notes Due 2016 [Member] | 11.00% First Lien Senior Secured Notes Due 2016 [Member] | Series A Convertible Senior Secured Notes [Member] | |||||
Letter of Credit Sub-Facility [Member] | Swingline Sub Facility [Member] | ABL Facility [Member] | Significant Other Observable Inputs (Level 2) [Member] | ABL Facility [Member] | Significant Other Observable Inputs (Level 2) [Member] | ABL Facility [Member] | ABL Facility [Member] | Interest Rate Criteria Three [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Series A Notes [Member] | Series A Notes [Member] | Series B Notes [Member] | Series A Notes [Member] | Series A Notes [Member] | Series B Notes [Member] | |||||||||||||||||||||||||||||||||||
Interest Rate Criteria One [Member] | Interest Rate Criteria Two [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Senior Notes Stated Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8.00% | ' | ' | ' | 10.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15.00% | 13.00% | 13.00% | 15.00% | 14.00% | ' | ' | ' | ' | ' | ' | 6.00% | 6.00% | ' | ' | ' | ' | ' | 11.00% | 6.00% |
Convertible senior notes date of maturity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30-Sep-16 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15-Oct-16 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15-Apr-17 | ' | ' | 15-Oct-16 | ' | ' |
Debt instrument, date of first required payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15-Apr-12 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15-Apr-12 | ' | ' |
Obligated mandatory prepayments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' |
Percentage of change of control in other covenants | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 101.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 101.00% | ' | ' |
Estimated fair values of the Company's debt | ' | $488,900,000 | $411,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $96,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $100,000 | ' | $105,600,000 | $58,600,000 | ' | $228,400,000 | ' |
Amortization of issued premium | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,400,000 | ' | ' |
Callable percentage on principal amount | ' | 103.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 106.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 101.50% | ' | ' |
Percentage of interest payable in cash in arrears | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of interest payable in kind | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Non-callable period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional second lien note to satisfy interest obligation | ' | ' | ' | ' | ' | ' | ' | 12,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,400,000 | 8,700,000 | ' | 8,100,000 | 7,900,000 | ' | ' | ' | ' | ' | ' | ' | 3,500,000 | 3,200,000 | 3,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accrued interest an increase to long-term debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance to SFL in aggregate principal amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants issued to SFL | ' | ' | ' | ' | 9,250,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,250,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock per share value | ' | $0.01 | $0.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $11.25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revolving credit facility maximum borrowing capacity | ' | ' | ' | ' | ' | ' | 100,000,000 | ' | 30,000,000 | 15,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Optional increase in maximum commitment under asset based lending facility | ' | ' | ' | ' | ' | 14,000,000 | 25,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument principal amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 75,000,000 | ' | 75,000,000 | 75,000,000 | 75,000,000 | ' | 178,800,000 | 99,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of borrowing on maximum borrowing capacity under line of credit facility | ' | ' | ' | ' | ' | 14.00% | ' | 12.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maturity date | ' | ' | ' | ' | ' | ' | ' | 5-Oct-16 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Advance maturity date | ' | '90 days earlier | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument basis spread on variable rate based on base rate loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.25% | 2.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument basis spread on variable rate based on LIBOR rate loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.25% | 3.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Variable commitment fee on the unused portion of the commitment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.38% | 0.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Borrowing outstanding | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current borrowing capacity under senior credit facility | ' | ' | ' | ' | ' | ' | ' | 63,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Letters of credit amount | ' | 12,900,000 | 13,200,000 | ' | ' | ' | ' | 12,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of previously chartered vessels | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Chartered vessels expiration date | ' | '2015-01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchase price of vessels | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 91,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount of first term loan agreement with certain lenders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly amortization installment percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase in amortization installment percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payment of financing costs | ' | 5,711,000 | 6,406,000 | 35,644,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 600,000 | ' | ' | ' | 2,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan commitment fees | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional closing fee | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument prepayment premium, percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of consideration received by stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 90.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of repurchase rate on principal amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 101.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Non-cash gain recorded for change in fair value | ' | $300,000 | $19,400,000 | $84,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Conversion price of warrants per common shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, shares issued | ' | 38,885,000 | 34,434,000 | ' | ' | ' | ' | ' | ' | ' | ' | 53,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock conversion ratio | '1-for-25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1/25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ownership position | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.90% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
LongTerm_Debt_Contractual_Matu
Long-Term Debt - Contractual Maturities of Long-term Debt Obligations (Detail) (USD $) | Dec. 22, 2013 |
In Thousands, unless otherwise specified | |
Debt Disclosure [Abstract] | ' |
2014 | $7,875 |
2015 | 9,750 |
2016 | 482,497 |
2017 | 1,991 |
2018 | ' |
Thereafter | ' |
Long-term debt maturities | $502,113 |
Impairment_Charges_Additional_
Impairment Charges - Additional Information (Detail) (Cranes [Member], USD $) | 3 Months Ended | 12 Months Ended | |
In Millions, unless otherwise specified | Sep. 22, 2013 | Jun. 26, 2011 | Dec. 22, 2013 |
Cranes | Cranes | ||
Cranes [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Impairment charge to write down carrying value | $2.60 | $2.80 | ' |
Number of cranes intent to sell | 2 | ' | ' |
Number of cranes not yet placed into service | ' | ' | 3 |
Cranes for sales and expected | ' | ' | '1 year |
Restructuring_Additional_Infor
Restructuring - Additional Information (Detail) (USD $) | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | |||||||||
Sep. 22, 2013 | Jun. 23, 2013 | Mar. 24, 2013 | Dec. 23, 2012 | Jun. 24, 2012 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 22, 2013 | Sep. 22, 2013 | Mar. 24, 2013 | Dec. 23, 2012 | Dec. 22, 2013 | |
Employee | Union and Nonunion [Member] | Equipment [Member] | Equipment [Member] | Pension Fund [Member] | Pension Fund [Member] | Non-Union Employee [Member] | Multi-Employer Pension Plan Withdrawal Liability [Member] | |||||||
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring charge | ' | ' | ' | $3,100,000 | ' | $6,324,000 | $4,340,000 | ' | $2,200,000 | ' | $800,000 | $4,100,000 | ' | ' |
Union and non-union severance and employee related expense | ' | ' | ' | 900,000 | ' | ' | ' | ' | ' | ' | ' | ' | 1,200,000 | ' |
Company recorded an additional restructuring charge | ' | ' | ' | ' | 14,100,000 | ' | ' | 500,000 | ' | 1,000,000 | ' | ' | ' | ' |
Reduction in non-union workforce plan approximately, in numbers | ' | ' | ' | ' | ' | 38 | ' | ' | ' | ' | ' | ' | ' | ' |
Existing position of Company's non-union workforce | ' | ' | ' | ' | ' | 26 | ' | ' | ' | ' | ' | ' | ' | ' |
Open position of Company's non-union workforce | ' | ' | ' | ' | ' | 12 | ' | ' | ' | ' | ' | ' | ' | ' |
Multiemployer pension plan withdrawal, paid in settlement agreement | $1,000,000 | $400,000 | $4,800,000 | $4,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $5,300,000 |
Restructuring_Summary_of_Restr
Restructuring - Summary of Restructuring Reserve Activity (Detail) (USD $) | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||
Sep. 22, 2013 | Jun. 23, 2013 | Mar. 24, 2013 | Dec. 23, 2012 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 22, 2013 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 22, 2013 | |
Multi-Employer Pension Plan Withdrawal Liability [Member] | 2012 Restructuring [Member] | 2012 Restructuring [Member] | 2012 Restructuring [Member] | 2012 Restructuring [Member] | 2012 Restructuring [Member] | 2012 Restructuring [Member] | 2012 Restructuring [Member] | |||||||
Personnel Related Costs [Member] | Personnel Related Costs [Member] | Equipment and Relocation Costs [Member] | Equipment and Relocation Costs [Member] | Multi-Employer Pension Plan Withdrawal Liability [Member] | ||||||||||
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance | ' | ' | ' | ' | $4,180,000 | ' | ' | $4,180,000 | ' | $1,962,000 | ' | $2,218,000 | ' | ' |
Provision | ' | ' | ' | -3,100,000 | -6,324,000 | -4,340,000 | ' | 6,702,000 | 4,340,000 | 450,000 | 2,122,000 | 974,000 | 2,218,000 | 5,278,000 |
Payments | -1,000,000 | -400,000 | -4,800,000 | -4,300,000 | ' | ' | -5,300,000 | -10,295,000 | -160,000 | -2,068,000 | -160,000 | -2,949,000 | ' | -5,278,000 |
Ending Balance | ' | ' | ' | 4,180,000 | 587,000 | 4,180,000 | ' | 587,000 | 4,180,000 | 344,000 | 1,962,000 | 243,000 | 2,218,000 | ' |
Restructuring reserve accelerated non cash interest related to pension plan liability | ' | ' | ' | ' | $400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Discontinued_Operations_Additi
Discontinued Operations - Additional Information (Detail) (USD $) | 3 Months Ended | 12 Months Ended | 12 Months Ended | |||||||
Sep. 22, 2013 | Jun. 24, 2012 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 | Apr. 09, 2012 | Apr. 05, 2012 | Apr. 09, 2012 | Dec. 25, 2011 | Dec. 26, 2010 | |
Foreign_Ship | Senior Debt Obligations [Member] | Logistics [Member] | Logistics [Member] | |||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Non-Cash accretion of the liability | ' | ' | ' | $4,200,000 | ' | ' | ' | ' | ' | ' |
Number of foreign-built ship | ' | ' | ' | ' | ' | ' | 5 | ' | ' | ' |
Issuance to SFL in aggregate principal amount | ' | ' | ' | ' | ' | ' | ' | 40,000,000 | ' | ' |
Warrants issued to SFL | ' | ' | ' | ' | ' | 9,250,000 | ' | ' | ' | ' |
Company recorded an additional restructuring charge | ' | 14,100,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Award received from arbitration panel | 3,000,000 | ' | -1,387,000 | ' | 5,483,000 | ' | ' | ' | ' | ' |
Reimbursement of legal fees and expenses | 800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Valuation Allowance | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,000,000 |
Reduction in valuation allowance | ' | ' | ' | ' | ' | ' | ' | ' | 3,200,000 | ' |
Accounts receivable of discontinued operations | ' | ' | ' | 100,000 | ' | ' | ' | ' | ' | ' |
Liabilities of discontinued operations | ' | ' | $200,000 | $900,000 | ' | ' | ' | ' | ' | ' |
Discontinued_Operations_Summar
Discontinued Operations - Summary of Restructuring Reserve Activity (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||
In Thousands, unless otherwise specified | Sep. 22, 2013 | Jun. 23, 2013 | Mar. 24, 2013 | Dec. 23, 2012 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 23, 2012 | Dec. 25, 2011 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 23, 2012 | Dec. 23, 2012 | Dec. 23, 2012 |
Discontinued Operations [Member] | Discontinued Operations [Member] | Discontinued Operations [Member] | Discontinued Operations [Member] | Discontinued Operations [Member] | Discontinued Operations [Member] | Discontinued Operations [Member] | |||||||
Vessel Lease Termination [Member] | Vessel Lease Net of Estimated Sublease [Member] | Rolling Stock Per-diem and Lease Termination Costs [Member] | Personnel Related Costs [Member] | Facilities Leases [Member] | |||||||||
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance | ' | ' | ' | ' | $4,180 | ' | $92,446 | ' | $747 | $77,060 | $9,921 | $5,330 | $135 |
Payments | -1,000 | -400 | -4,800 | -4,300 | ' | ' | -23,638 | ' | -766 | -8,163 | -9,785 | -5,533 | -157 |
Provision | ' | ' | ' | 3,100 | 6,324 | 4,340 | 14,113 | 119,314 | 19 | 4,150 | ' | 510 | 22 |
Adjustments | ' | ' | ' | ' | ' | ' | -72,743 | ' | ' | -72,300 | -136 | -307 | ' |
Ending Balance | ' | ' | ' | $4,180 | $587 | $4,180 | $747 | $92,446 | ' | $747 | ' | ' | ' |
Discontinued_Operations_Summar1
Discontinued Operations - Summary of Restructuring Reserve Activity (Parenthetical) (Detail) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 23, 2012 |
Discontinued Operations And Disposal Groups [Abstract] | ' |
Non-Cash accretion of the liability | $4.20 |
Discontinued_Operations_Summar2
Discontinued Operations - Summary of Financial Information for the Discontinued Operations Included in the Consolidated Statements of Operations (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 22, 2013 | Sep. 22, 2013 | Jun. 23, 2013 | Mar. 24, 2013 | Dec. 23, 2012 | Sep. 23, 2012 | Jun. 24, 2012 | Mar. 25, 2012 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring charge | ' | ' | ' | ' | $3,100 | ' | ' | ' | $6,324 | $4,340 | ' |
Net (loss) income | -127 | 2,477 | -651 | -278 | -68 | 414 | -14,934 | -5,707 | 1,421 | -20,295 | -176,223 |
Discontinued Operations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenue | ' | ' | ' | ' | ' | ' | ' | ' | 3 | 490 | 191,720 |
Restructuring charge | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,113 | 119,314 |
Operating income | ' | ' | ' | ' | ' | ' | ' | ' | 2,333 | -16,115 | -177,888 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | 1,421 | -20,295 | -176,223 |
FSX Service [Member] | Discontinued Operations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenue | ' | ' | ' | ' | ' | ' | ' | ' | 3 | 490 | 177,958 |
Restructuring charge | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,113 | 119,314 |
Operating income | ' | ' | ' | ' | ' | ' | ' | ' | 2,333 | -16,115 | -180,002 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | 1,421 | -20,295 | -177,793 |
Logistics [Member] | Discontinued Operations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13,762 |
Restructuring charge | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,114 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,570 |
Discontinued_Operations_Summar3
Discontinued Operations - Summary of Financial Information for the Discontinued Operations Included in the Consolidated Statements of Cash Flows (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 |
Schedule Of Discontinued Operations [Line Items] | ' | ' | ' |
Cash (used in) provided by operating activities | $1,806 | ($25,711) | ($50,588) |
Cash provided by in investing activities | ' | 6,000 | -705 |
Change in cash from discontinued operations | 1,806 | -19,711 | -51,293 |
FSX Service [Member] | ' | ' | ' |
Schedule Of Discontinued Operations [Line Items] | ' | ' | ' |
Cash (used in) provided by operating activities | 1,806 | -26,030 | -54,527 |
Cash provided by in investing activities | ' | 6,000 | -647 |
Change in cash from discontinued operations | 1,806 | -20,030 | -55,174 |
Logistics [Member] | ' | ' | ' |
Schedule Of Discontinued Operations [Line Items] | ' | ' | ' |
Cash (used in) provided by operating activities | ' | 319 | 3,939 |
Cash provided by in investing activities | ' | ' | -58 |
Change in cash from discontinued operations | ' | $319 | $3,881 |
Property_and_Equipment_Propert
Property and Equipment - Property and Equipment (Detail) (USD $) | Dec. 22, 2013 | Dec. 23, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Historical Cost | $418,865 | $341,910 |
Net Book Value | 226,838 | 160,050 |
Vessels and Vessel Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Historical Cost | 227,705 | 156,705 |
Net Book Value | 129,384 | 63,855 |
Containers [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Historical Cost | 39,894 | 35,604 |
Net Book Value | 24,710 | 20,573 |
Chassis [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Historical Cost | 20,435 | 13,745 |
Net Book Value | 11,847 | 5,626 |
Cranes [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Historical Cost | 27,409 | 28,070 |
Net Book Value | 12,088 | 13,371 |
Machinery and Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Historical Cost | 34,367 | 32,088 |
Net Book Value | 11,784 | 10,535 |
Facilities and Land Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Historical Cost | 30,065 | 29,862 |
Net Book Value | 21,171 | 22,508 |
Software [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Historical Cost | 24,177 | 23,562 |
Net Book Value | 1,041 | 1,308 |
Construction in Progress [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Historical Cost | 14,813 | 22,274 |
Net Book Value | $14,813 | $22,274 |
Property_and_Equipment_Additio
Property and Equipment - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | ||
Jan. 31, 2013 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 | |
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' |
Expiry of charter | ' | '2015-01 | ' | ' |
Purchase price of vessels | $91,800,000 | ' | ' | ' |
Depreciation | ' | 24,781,000 | 21,295,000 | 22,566,000 |
Vessels [Member] | ' | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' |
Net Book Value | 75,200,000 | ' | ' | ' |
Depreciation | ' | 13,400,000 | 9,700,000 | 10,400,000 |
Capitalized Software [Member] | ' | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' |
Depreciation | ' | 900,000 | 1,000,000 | 1,700,000 |
Assets Recorded Under Capital Lease [Member] | ' | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' |
Depreciation | ' | $1,400,000 | $900,000 | $600,000 |
Intangible_Assets_Schedule_of_
Intangible Assets - Schedule of Intangible Assets (Detail) (USD $) | Dec. 22, 2013 | Dec. 23, 2012 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Total intangibles with definite lives | $220,921 | $219,011 |
Less: accumulated amortization | -185,767 | -170,438 |
Total intangible assets, net | 35,154 | 48,573 |
Customer Contracts/Relationships [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Total intangibles with definite lives | 141,430 | 141,430 |
Trademarks [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Total intangibles with definite lives | 63,800 | 63,800 |
Deferred Financing Costs [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Total intangibles with definite lives | $15,691 | $13,781 |
Intangible_Assets_Schedule_of_1
Intangible Assets - Schedule of Estimated Annual Amortization Expense (Detail) (USD $) | Dec. 22, 2013 |
In Thousands, unless otherwise specified | |
Goodwill And Intangible Assets Disclosure [Abstract] | ' |
2014 | $9,863 |
2015 | 7,638 |
2016 | 7,101 |
2017 | 4,253 |
2018 | $4,253 |
Intangible_Assets_Additional_I
Intangible Assets - Additional Information (Detail) (USD $) | 0 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | ||
Oct. 05, 2011 | Sep. 25, 2011 | Dec. 25, 2011 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 | Dec. 25, 2011 | |
FSX Service [Member] | FSX Service [Member] | ||||||
Goodwill [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Estimated goodwill impairment charge | ' | $117,500,000 | ' | ' | ' | ' | ' |
Decrease in estimated goodwill impairment charge | ' | ' | ' | ' | ' | 2,200,000 | ' |
Carrying value of goodwill | ' | ' | 198,800,000 | 198,793,000 | 198,793,000 | ' | ' |
Accumulated goodwill impairment charges | ' | ' | 135,900,000 | ' | ' | ' | ' |
Goodwill impairment charges | ' | ' | $115,356,000 | ' | ' | ' | $0 |
Percentage of future cash flows estimated discounted rate | 15.00% | ' | ' | ' | ' | ' | ' |
Other_Accrued_Liabilities_Othe
Other Accrued Liabilities - Other Accrued Liabilities (Detail) (USD $) | Dec. 22, 2013 | Dec. 23, 2012 |
In Thousands, unless otherwise specified | ||
Payables And Accruals [Abstract] | ' | ' |
Vessel operations | $12,286 | $14,592 |
Payroll and employee benefits | 16,101 | 13,409 |
Marine operations | 5,382 | 7,677 |
Terminal operations | 8,477 | 8,765 |
Fuel | 5,193 | 5,546 |
Interest | 6,817 | 4,946 |
Legal settlements | 4,382 | 6,500 |
Restructuring | 587 | 4,180 |
Other liabilities | 18,181 | 21,743 |
Total other accrued liabilities | $77,406 | $87,358 |
Other_Accrued_Liabilities_Addi
Other Accrued Liabilities - Additional Information (Detail) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 22, 2013 |
On or Before March 24, 2015 [Member] | ' |
Loss Contingencies [Line Items] | ' |
Payments related to the plea agreement with the Antitrust Division | $4 |
Payment date | 24-Mar-15 |
On or Before March 21, 2016 [Member] | ' |
Loss Contingencies [Line Items] | ' |
Payments related to the plea agreement with the Antitrust Division | $4 |
Payment date | 21-Mar-16 |
Fair_Value_Measurement_Liabili
Fair Value Measurement - Liabilities Measured at Fair Value on Recurring Basis (Detail) (Fair Value, Measurements, Recurring [Member], USD $) | Dec. 22, 2013 | Dec. 23, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total liabilities | $120 | $392 |
Conversion Features within Series A Notes [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total liabilities | 120 | 392 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total liabilities | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Conversion Features within Series A Notes [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total liabilities | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total liabilities | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | Conversion Features within Series A Notes [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total liabilities | ' | ' |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total liabilities | 120 | 392 |
Significant Unobservable Inputs (Level 3) [Member] | Conversion Features within Series A Notes [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total liabilities | $120 | $392 |
Net_Loss_Income_Per_Common_Sha2
Net (Loss) Income Per Common Share - Net (Loss) Income Per Common Share (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 22, 2013 | Sep. 22, 2013 | Jun. 23, 2013 | Mar. 24, 2013 | Dec. 23, 2012 | Sep. 23, 2012 | Jun. 24, 2012 | Mar. 25, 2012 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 |
Numerator: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ($33,354) | ($74,403) | ($53,194) |
Income (loss) from discontinued operations | -127 | 2,477 | -651 | -278 | -68 | 414 | -14,934 | -5,707 | 1,421 | -20,295 | -176,223 |
Net loss | ($14,158) | $4,080 | ($1,504) | ($20,351) | ($17,972) | $1,857 | ($46,074) | ($32,509) | ($31,933) | ($94,698) | ($229,417) |
Denominator for basic loss per common share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average shares outstanding | ' | ' | ' | ' | ' | ' | ' | ' | 36,498 | 22,794 | 1,464 |
Effect of dilutive securities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock-based compensation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Denominator for diluted net loss per common share | ' | ' | ' | ' | ' | ' | ' | ' | 36,498 | 22,794 | 1,464 |
Basic net loss per common share from continuing operations | ($0.36) | $0.04 | ($0.02) | ($0.58) | ($0.52) | $0.05 | ($1.55) | ($8.58) | ($0.91) | ($3.26) | ($36.33) |
Basic net income (loss) per common share from discontinued operations | ' | $0.07 | ($0.02) | ($0.01) | ' | $0.01 | ($0.75) | ($1.83) | $0.04 | ($0.89) | ($120.37) |
Basic net loss per common share | ($0.36) | $0.11 | ($0.04) | ($0.59) | ($0.52) | $0.06 | ($2.30) | ($10.41) | ($0.87) | ($4.15) | ($156.70) |
Diluted net loss per common share from continuing operations | ($0.36) | $0.02 | ($0.02) | ($0.58) | ($0.52) | $0.02 | ($1.55) | ($8.58) | ($0.91) | ($3.26) | ($36.33) |
Diluted net income (loss) per common share from discontinued operations | ' | $0.03 | ($0.02) | ($0.01) | ' | ' | ($0.75) | ($1.83) | $0.04 | ($0.89) | ($120.37) |
Diluted net loss per common share | ($0.36) | $0.05 | ($0.04) | ($0.59) | ($0.52) | $0.02 | ($2.30) | ($10.41) | ($0.87) | ($4.15) | ($156.70) |
Net_Loss_Income_Per_Common_Sha3
Net (Loss) Income Per Common Share - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | 12 Months Ended | ||||||
In Thousands, except Per Share data, unless otherwise specified | Aug. 27, 2012 | Dec. 23, 2012 | Dec. 25, 2011 | Dec. 22, 2013 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 | Dec. 22, 2013 | Dec. 23, 2012 |
Warrants [Member] | Warrants [Member] | Warrants [Member] | Restricted Stock Units [Member] | Restricted Stock Units [Member] | |||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total number of shares excluded from denominator for basic net loss per share | ' | 3 | 5 | ' | 52,600 | 57,200 | 900 | 5,900 | 2,900 |
Common stock purchase rights share | $0.01 | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock, par value | $0.01 | $0.01 | ' | $0.01 | ' | ' | ' | ' | ' |
Preferred stock, purchase price | $8 | ' | ' | ' | ' | ' | ' | ' | ' |
Leases_Additional_Information_
Leases - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 |
Leases [Abstract] | ' | ' | ' |
Rent expense under operating lease | $51.20 | $71.30 | $110.60 |
Leases_Future_Minimum_Lease_Ob
Leases - Future Minimum Lease Obligations (Detail) (USD $) | Dec. 22, 2013 |
In Thousands, unless otherwise specified | |
Leases [Abstract] | ' |
Non-Cancelable Operating Leases, Future minimum lease obligations, Fiscal Year Ending 2014 | $49,702 |
Non-Cancelable Operating Leases, Future minimum lease obligations, Fiscal Year Ending 2015 | 48,283 |
Non-Cancelable Operating Leases, Future minimum lease obligations, Fiscal Year Ending 2016 | 13,308 |
Non-Cancelable Operating Leases, Future minimum lease obligations, Fiscal Year Ending 2017 | 9,109 |
Non-Cancelable Operating Leases, Future minimum lease obligations, Fiscal Year Ending 2018 | 6,872 |
Non-Cancelable Operating Leases, Future minimum lease obligations, Thereafter | 9,709 |
Non-Cancelable Operating Leases, Total Future minimum lease obligations | 136,983 |
Capital Lease, Future minimum lease obligations, Fiscal Year 2014 | 4,730 |
Capital Lease, Future minimum lease obligations, Fiscal Year 2015 | 4,685 |
Capital Lease, Future minimum lease obligations, Fiscal Year 2016 | 3,712 |
Capital Lease, Future minimum lease obligations, Fiscal Year 2017 | 1,685 |
Capital Lease, Future minimum lease obligations, Fiscal Year 2018 | 42 |
Capital Lease, Future minimum lease obligations, Thereafter | ' |
Capital Lease, Total Future minimum lease obligations | 14,854 |
Less: amounts representing interest | -2,439 |
Capital Lease, Present value of future minimum lease obligation | 12,415 |
Current portion of capital lease obligation | -3,598 |
Long-term portion of capital lease obligation | $8,817 |
Employee_Benefit_Plans_Additio
Employee Benefit Plans - Additional Information (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||
Dec. 20, 2009 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 | |
Compensation Related Costs Disclosure [Line Items] | ' | ' | ' | ' |
Historical employer contribution percentage | ' | 100.00% | ' | ' |
Employee contributions percentage | 50.00% | ' | 100.00% | ' |
Total employee contribution cost | ' | $1,800,000 | $1,800,000 | $1,000,000 |
Plan administered by company | ' | 'Company also administers a 401(k) plan for certain union employees with no Company match | ' | ' |
Eligibility for defined benefit plan | ' | '1 year | ' | ' |
Recorded net periodic benefit costs | ' | 800,000 | 600,000 | 700,000 |
Increase in service and interest cost for every 1% increase in the assumed health care cost trend rate | ' | 200,000 | ' | ' |
Increase in benefit obligation for every 1% increase in the assumed health care cost trend rate | ' | 1,400,000 | ' | ' |
Decrease service and interest cost for every 1% decrease in the assumed health care cost trend rate | ' | 100,000 | ' | ' |
Decrease benefit obligation for every 1% decrease in the assumed health care cost trend rate | ' | 1,100,000 | ' | ' |
Horizon Lines and the International Longshore & Warehouse Collective Arrangement [Member] | ' | ' | ' | ' |
Compensation Related Costs Disclosure [Line Items] | ' | ' | ' | ' |
Number of union employees sponsors benefit plan | ' | 142 | ' | ' |
Maximum [Member] | ' | ' | ' | ' |
Compensation Related Costs Disclosure [Line Items] | ' | ' | ' | ' |
Historical percentage of employee contribution for 100% matching contribution by employer | ' | 6.00% | ' | ' |
Percentage of employee contribution for 100% matching contribution by employer | 6.00% | ' | 6.00% | ' |
Equity Securities [Member] | ' | ' | ' | ' |
Compensation Related Costs Disclosure [Line Items] | ' | ' | ' | ' |
Target Investment | ' | 65.00% | ' | ' |
Debt Securities [Member] | ' | ' | ' | ' |
Compensation Related Costs Disclosure [Line Items] | ' | ' | ' | ' |
Target Investment | ' | 35.00% | ' | ' |
Pension Plans [Member] | ' | ' | ' | ' |
Compensation Related Costs Disclosure [Line Items] | ' | ' | ' | ' |
Number of union employees sponsors benefit plan | ' | 30 | ' | ' |
Recorded net periodic benefit costs | ' | 998,000 | 967,000 | ' |
Under funded status of plan | ' | 2,500,000 | 2,900,000 | ' |
Expected contributions during 2014 | ' | 1,300,000 | ' | ' |
Pension Plan Defined Benefit HSI [Member] | ' | ' | ' | ' |
Compensation Related Costs Disclosure [Line Items] | ' | ' | ' | ' |
Number of union employees sponsors benefit plan | ' | 50 | ' | ' |
Recorded net periodic benefit costs | ' | 200,000 | 300,000 | 200,000 |
Under funded pension plan | ' | 1,800,000 | 3,100,000 | ' |
Post-retirement Benefit Plans [Member] | ' | ' | ' | ' |
Compensation Related Costs Disclosure [Line Items] | ' | ' | ' | ' |
Recorded net periodic benefit costs | ' | 600,000 | 600,000 | 700,000 |
Under funded pension plan | ' | 5,400,000 | 6,100,000 | ' |
Post Retirement Benefit Plans HSI [Member] | ' | ' | ' | ' |
Compensation Related Costs Disclosure [Line Items] | ' | ' | ' | ' |
Recorded net periodic benefit costs | ' | 300,000 | 300,000 | 400,000 |
Under funded status of plan | ' | $4,800,000 | $5,000,000 | ' |
Minimum age of employee on date of retirement | ' | '55 years | ' | ' |
Minimum year of service to be eligible for post-retirement medical, dental and life insurance | ' | '20 years | ' | ' |
Year of service and age of employee on date of retirement | ' | '75 years | ' | ' |
Employee_Benefit_Plans_Obligat
Employee Benefit Plans - Obligations and Funded Status (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 22, 2013 | Dec. 23, 2012 |
Pension Plans [Member] | ' | ' |
Change in Benefit Obligation: | ' | ' |
Beginning obligations | ($15,619) | ($12,184) |
Service cost | -549 | -452 |
Interest cost | -638 | -662 |
Actuarial (loss) gain | 1,635 | -2,739 |
Benefits paid | 442 | 418 |
Ending obligations | -14,729 | -15,619 |
Change in Plans' Assets: | ' | ' |
Benefits paid | -442 | -418 |
Funded status at end of year | -4,298 | -6,013 |
Pension Plans [Member] | Plan Assets [Member] | ' | ' |
Change in Benefit Obligation: | ' | ' |
Benefits paid | 442 | 418 |
Change in Plans' Assets: | ' | ' |
Beginning fair value | 9,606 | 8,558 |
Actual return on plans' assets | 678 | 799 |
Employer contributions | 589 | 667 |
Benefits paid | -442 | -418 |
Ending fair value | 10,431 | 9,606 |
Post-retirement Benefit Plans [Member] | ' | ' |
Change in Benefit Obligation: | ' | ' |
Beginning obligations | -11,122 | -10,077 |
Service cost | -327 | -275 |
Interest cost | -461 | -522 |
Actuarial (loss) gain | 1,454 | -474 |
Benefits paid | 226 | 226 |
Ending obligations | -10,230 | -11,122 |
Change in Plans' Assets: | ' | ' |
Benefits paid | -226 | -226 |
Funded status at end of year | -10,230 | -11,122 |
Post-retirement Benefit Plans [Member] | Plan Assets [Member] | ' | ' |
Change in Benefit Obligation: | ' | ' |
Benefits paid | ' | ' |
Change in Plans' Assets: | ' | ' |
Beginning fair value | ' | ' |
Actual return on plans' assets | ' | ' |
Employer contributions | ' | ' |
Benefits paid | ' | ' |
Ending fair value | ' | ' |
Employee_Benefit_Plans_Net_Per
Employee Benefit Plans - Net Periodic Benefit Cost (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Net periodic benefit cost | $800 | $600 | $700 |
Pension Plans [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Service cost | 549 | 452 | ' |
Interest cost | 638 | 662 | ' |
Expected return on plan assets | -715 | -640 | ' |
Amortization of prior service cost | 254 | 254 | ' |
Amortization of transition obligation | 102 | 102 | ' |
Amortization of loss (gain) | 170 | 137 | ' |
Net periodic benefit cost | 998 | 967 | ' |
Post-retirement Benefit Plans [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Service cost | 327 | 275 | ' |
Interest cost | 461 | 522 | ' |
Expected return on plan assets | ' | ' | ' |
Amortization of prior service cost | 103 | 103 | ' |
Amortization of transition obligation | ' | ' | ' |
Amortization of loss (gain) | -63 | -70 | ' |
Net periodic benefit cost | $828 | $830 | ' |
Employee_Benefit_Plans_Rate_As
Employee Benefit Plans - Rate Assumptions (Detail) | 12 Months Ended | |
Dec. 22, 2013 | Dec. 23, 2012 | |
Pension Plans [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Weighted-average discount rate used in determining net periodic cost | 4.20% | 5.30% |
Weighted-average expected long-term rate of return on plan assets in determination of net periodic costs | 7.50% | 7.50% |
Weighted-average rate of compensation increase | 0.00% | 0.00% |
Weighted-average discount rate used in determination of projected benefit obligation | 4.80% | 4.20% |
Assumed health care cost trend: | ' | ' |
Initial trend | ' | ' |
Ultimate trend rate | ' | ' |
Post-retirement Benefit Plans [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Weighted-average discount rate used in determining net periodic cost | 4.20% | 5.30% |
Weighted-average expected long-term rate of return on plan assets in determination of net periodic costs | 0.00% | 0.00% |
Weighted-average rate of compensation increase | 0.00% | 0.00% |
Weighted-average discount rate used in determination of projected benefit obligation | 4.90% | 4.20% |
Assumed health care cost trend: | ' | ' |
Initial trend | 7.50% | 8.00% |
Ultimate trend rate | 5.00% | 4.50% |
Employee_Benefit_Plans_Benefit
Employee Benefit Plans - Benefit Payments Reflecting Expected Future Service (Detail) (USD $) | Dec. 22, 2013 |
In Thousands, unless otherwise specified | |
Pension Plans [Member] | ' |
Defined Benefit Plan Disclosure [Line Items] | ' |
2014 | $565 |
2015 | 602 |
2016 | 607 |
2017 | 666 |
2018 | 761 |
2019-2023 | 4,324 |
Total | 7,525 |
Post-retirement Benefit Plans [Member] | ' |
Defined Benefit Plan Disclosure [Line Items] | ' |
2014 | 326 |
2015 | 333 |
2016 | 345 |
2017 | 378 |
2018 | 373 |
2019-2023 | 2,087 |
Total | $3,842 |
Employee_Benefit_Plans_Pension
Employee Benefit Plans - Pension Plans' Investment Policy and Weighted Average Asset Allocations (Detail) | Dec. 22, 2013 | Dec. 23, 2012 |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Pension assets | 100.00% | 100.00% |
Cash [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Pension assets | 4.00% | 3.00% |
Equity Securities [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Pension assets | 59.00% | 62.00% |
Debt Securities [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Pension assets | 37.00% | 35.00% |
Employee_Benefit_Plans_Multiem
Employee Benefit Plans - Multi-employer Health and Benefit Plans (Detail) (USD $) | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Dec. 22, 2013 | Dec. 23, 2013 | Dec. 23, 2012 | Dec. 25, 2012 | Dec. 25, 2011 |
Health and Benefits Fund [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
Multi-employer contributions | $23,731 | ' | $24,322 | ' | $26,389 |
Health and Benefits Fund [Member] | ILA - PRSSA Welfare Fund [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
Multiemployer Plan Number | '501 | ' | ' | ' | ' |
EIN Number | '660214500 | ' | ' | ' | ' |
5% Contributor | 'Yes | ' | ' | ' | ' |
Surcharge Imposed | 'No | ' | ' | ' | ' |
Expiration Date of Collective Bargaining Agreement | 30-Sep-14 | ' | ' | ' | ' |
Multi-employer contributions | 2,975 | ' | 3,288 | ' | 3,159 |
Health and Benefits Fund [Member] | MEBA Medical and Benefits Plan [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
Multiemployer Plan Number | '501 | ' | ' | ' | ' |
EIN Number | '135590515 | ' | ' | ' | ' |
5% Contributor | 'Yes | ' | ' | ' | ' |
Surcharge Imposed | 'No | ' | ' | ' | ' |
Expiration Date of Collective Bargaining Agreement | 15-Jun-22 | ' | ' | ' | ' |
Multi-employer contributions | 2,569 | ' | 2,505 | ' | 2,876 |
Health and Benefits Fund [Member] | MM&P Health and Benefit Plan [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
Multiemployer Plan Number | '501 | ' | ' | ' | ' |
EIN Number | '136696938 | ' | ' | ' | ' |
5% Contributor | 'Yes | ' | ' | ' | ' |
Surcharge Imposed | 'No | ' | ' | ' | ' |
Expiration Date of Collective Bargaining Agreement | 15-Jun-17 | ' | ' | ' | ' |
Multi-employer contributions | 2,115 | ' | 2,223 | ' | 2,780 |
Health and Benefits Fund [Member] | Alaska Teamster-Employer Welfare Trust [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
Multiemployer Plan Number | '501 | ' | ' | ' | ' |
EIN Number | '916034674 | ' | ' | ' | ' |
5% Contributor | 'Yes | ' | ' | ' | ' |
Surcharge Imposed | 'No | ' | ' | ' | ' |
Expiration Date of Collective Bargaining Agreement | 30-Jun-15 | ' | ' | ' | ' |
Multi-employer contributions | 2,300 | ' | 2,740 | ' | 3,064 |
Health and Benefits Fund [Member] | All Alaska Longshore Health and Welfare Trust Fund [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
Multiemployer Plan Number | '501 | ' | ' | ' | ' |
EIN Number | '916070467 | ' | ' | ' | ' |
5% Contributor | 'Yes | ' | ' | ' | ' |
Surcharge Imposed | 'No | ' | ' | ' | ' |
Expiration Date of Collective Bargaining Agreement | 30-Jun-15 | ' | ' | ' | ' |
Multi-employer contributions | 2,231 | ' | 2,097 | ' | 2,112 |
Health and Benefits Fund [Member] | Seafarers Health and Benefits Plan [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
Multiemployer Plan Number | '501 | ' | ' | ' | ' |
EIN Number | '135557534 | ' | ' | ' | ' |
5% Contributor | 'Yes | ' | ' | ' | ' |
Surcharge Imposed | 'No | ' | ' | ' | ' |
Expiration Date of Collective Bargaining Agreement | 30-Jun-17 | ' | ' | ' | ' |
Multi-employer contributions | 5,150 | ' | 4,845 | ' | 6,263 |
Health and Benefits Fund [Member] | Western Teamsters Welfare Trust [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
Multiemployer Plan Number | '501 | ' | ' | ' | ' |
EIN Number | '916033601 | ' | ' | ' | ' |
5% Contributor | 'No | ' | ' | ' | ' |
Surcharge Imposed | 'No | ' | ' | ' | ' |
Expiration Date of Collective Bargaining Agreement | 31-Mar-13 | ' | ' | ' | ' |
Multi-employer contributions | 3,282 | ' | 3,434 | ' | 2,731 |
Health and Benefits Fund [Member] | Office and Professional Employees Welfare Fund [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
Multiemployer Plan Number | '501 | ' | ' | ' | ' |
EIN Number | '237120690 | ' | ' | ' | ' |
5% Contributor | 'No | ' | ' | ' | ' |
Surcharge Imposed | 'No | ' | ' | ' | ' |
Expiration Date of Collective Bargaining Agreement | 9-Nov-14 | ' | ' | ' | ' |
Multi-employer contributions | 127 | ' | 116 | ' | 139 |
Health and Benefits Fund [Member] | Stevedore Industry Committee Welfare Benefit Plan [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
Multiemployer Plan Number | '501 | ' | ' | ' | ' |
EIN Number | '990313967 | ' | ' | ' | ' |
5% Contributor | 'Yes | ' | ' | ' | ' |
Surcharge Imposed | 'No | ' | ' | ' | ' |
Expiration Date of Collective Bargaining Agreement | 30-Jun-14 | ' | ' | ' | ' |
Multi-employer contributions | 2,982 | ' | 3,074 | ' | 3,265 |
Health and Benefits Fund [Member] | ILA -PRSSA Pension Fund [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
Multiemployer Plan Number | '001 | ' | ' | ' | ' |
Health and Benefits Fund [Member] | MEBA Pension Trust [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
Multiemployer Plan Number | '001 | ' | ' | ' | ' |
Health and Benefits Fund [Member] | Masters, Mates and Pilots Pension Plan [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
Multiemployer Plan Number | '001 | ' | ' | ' | ' |
Health and Benefits Fund [Member] | Masters Mates and Pilots Adjustable Pension Plan [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
Multiemployer Plan Number | '001 | ' | ' | ' | ' |
Health and Benefits Fund [Member] | Local 153 Pension Fund [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
Multiemployer Plan Number | '001 | ' | ' | ' | ' |
Health and Benefits Fund [Member] | Alaska Teamster-Employer Pension Plan [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
Multiemployer Plan Number | '024 | ' | ' | ' | ' |
Health and Benefits Fund [Member] | All Alaska Longshore Pension Plan [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
Multiemployer Plan Number | '001 | ' | ' | ' | ' |
Health and Benefits Fund [Member] | Seafarers Pension Fund (1) [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
Multiemployer Plan Number | '001 | ' | ' | ' | ' |
Health and Benefits Fund [Member] | Western Conference of Teamsters Pension Plan [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
Multiemployer Plan Number | '001 | ' | ' | ' | ' |
Health and Benefits Fund [Member] | Western Conference of Teamsters Supplemental Benefit Trust [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
Multiemployer Plan Number | '001 | ' | ' | ' | ' |
Health and Benefits Fund [Member] | Western States Office and Professional Employees Pension Fund [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
Multiemployer Plan Number | '001 | ' | ' | ' | ' |
Health and Benefits Fund [Member] | Hawaii Stevedoring Multiemployer Pension Plan [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
Multiemployer Plan Number | '001 | ' | ' | ' | ' |
Health and Benefits Fund [Member] | Hawaii Terminals Multiemployer Pension Plan [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
Multiemployer Plan Number | '001 | ' | ' | ' | ' |
Health and Benefits Fund [Member] | NYSA-ILA Pension Trust Fund and Plan [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
Multiemployer Plan Number | '001 | ' | ' | ' | ' |
Pension Fund [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
Multi-employer contributions | 26,120 | ' | 21,925 | ' | 19,995 |
Pension Fund [Member] | ILA -PRSSA Pension Fund [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
EIN Number | '510151862 | ' | ' | ' | ' |
Pension Protection Act Zone Status 2012 | ' | 'Green | ' | 'Green | ' |
FIP/RP Status Pending / Implemented | 'No | ' | ' | ' | ' |
5% Contributor | 'Yes | ' | ' | ' | ' |
Surcharge Imposed | 'No | ' | ' | ' | ' |
Expiration Date of Collective Bargaining Agreement | 30-Sep-14 | ' | ' | ' | ' |
Multi-employer contributions | 2,967 | ' | 2,698 | ' | 2,391 |
Pension Fund [Member] | MEBA Pension Trust [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
EIN Number | '516029896 | ' | ' | ' | ' |
Pension Protection Act Zone Status 2012 | ' | 'Green | ' | 'Green | ' |
FIP/RP Status Pending / Implemented | 'No | ' | ' | ' | ' |
5% Contributor | 'No | ' | ' | ' | ' |
Surcharge Imposed | 'No | ' | ' | ' | ' |
Expiration Date of Collective Bargaining Agreement | 15-Jun-22 | ' | ' | ' | ' |
Multi-employer contributions | 2,624 | ' | 2,191 | ' | ' |
Pension Fund [Member] | Masters, Mates and Pilots Pension Plan [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
EIN Number | '136372630 | ' | ' | ' | ' |
Pension Protection Act Zone Status 2012 | ' | 'Green | ' | 'Green | ' |
FIP/RP Status Pending / Implemented | 'No | ' | ' | ' | ' |
5% Contributor | 'Yes | ' | ' | ' | ' |
Surcharge Imposed | 'No | ' | ' | ' | ' |
Expiration Date of Collective Bargaining Agreement | 15-Jun-17 | ' | ' | ' | ' |
Multi-employer contributions | 2,602 | ' | 3,435 | ' | 4,457 |
Pension Fund [Member] | Masters Mates and Pilots Adjustable Pension Plan [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
EIN Number | '462237700 | ' | ' | ' | ' |
Pension Protection Act Zone Status 2012 | ' | ' | ' | ' | ' |
FIP/RP Status Pending / Implemented | 'No | ' | ' | ' | ' |
5% Contributor | 'Yes | ' | ' | ' | ' |
Surcharge Imposed | ' | ' | ' | ' | ' |
Expiration Date of Collective Bargaining Agreement | 15-Jun-17 | ' | ' | ' | ' |
Multi-employer contributions | 488 | ' | ' | ' | ' |
Pension Fund [Member] | Local 153 Pension Fund [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
EIN Number | '132864289 | ' | ' | ' | ' |
Pension Protection Act Zone Status 2012 | ' | 'Red | ' | 'Red | ' |
FIP/RP Status Pending / Implemented | 'Implemented | ' | ' | ' | ' |
5% Contributor | 'No | ' | ' | ' | ' |
Surcharge Imposed | 'No | ' | ' | ' | ' |
Expiration Date of Collective Bargaining Agreement | 9-Nov-14 | ' | ' | ' | ' |
Multi-employer contributions | 311 | ' | 275 | ' | 330 |
Pension Fund [Member] | Alaska Teamster-Employer Pension Plan [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
EIN Number | '926003463 | ' | ' | ' | ' |
Pension Protection Act Zone Status 2012 | ' | 'Red | ' | 'Red | ' |
FIP/RP Status Pending / Implemented | 'Implemented | ' | ' | ' | ' |
5% Contributor | 'Yes | ' | ' | ' | ' |
Surcharge Imposed | 'Yes | ' | ' | ' | ' |
Expiration Date of Collective Bargaining Agreement | 30-Jun-15 | ' | ' | ' | ' |
Multi-employer contributions | 2,648 | ' | 3,340 | ' | 3,210 |
Pension Fund [Member] | All Alaska Longshore Pension Plan [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
EIN Number | '916085352 | ' | ' | ' | ' |
Pension Protection Act Zone Status 2012 | ' | 'Green | ' | 'Green | ' |
FIP/RP Status Pending / Implemented | 'No | ' | ' | ' | ' |
5% Contributor | 'Yes | ' | ' | ' | ' |
Surcharge Imposed | 'No | ' | ' | ' | ' |
Expiration Date of Collective Bargaining Agreement | 30-Jun-15 | ' | ' | ' | ' |
Multi-employer contributions | 960 | ' | 876 | ' | 846 |
Pension Fund [Member] | Seafarers Pension Fund (1) [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
EIN Number | '136100329 | ' | ' | ' | ' |
Pension Protection Act Zone Status 2012 | ' | 'Green | ' | 'Green | ' |
FIP/RP Status Pending / Implemented | 'No | ' | ' | ' | ' |
5% Contributor | 'Yes | ' | ' | ' | ' |
Surcharge Imposed | 'No | ' | ' | ' | ' |
Expiration Date of Collective Bargaining Agreement | 30-Jun-17 | ' | ' | ' | ' |
Multi-employer contributions | ' | ' | ' | ' | ' |
Pension Fund [Member] | Western Conference of Teamsters Pension Plan [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
EIN Number | '916145047 | ' | ' | ' | ' |
Pension Protection Act Zone Status 2012 | ' | 'Green | ' | 'Green | ' |
FIP/RP Status Pending / Implemented | 'No | ' | ' | ' | ' |
5% Contributor | 'No | ' | ' | ' | ' |
Surcharge Imposed | 'No | ' | ' | ' | ' |
Expiration Date of Collective Bargaining Agreement | 31-Mar-13 | ' | ' | ' | ' |
Multi-employer contributions | 3,899 | ' | 4,239 | ' | 4,717 |
Pension Fund [Member] | Western Conference of Teamsters Supplemental Benefit Trust [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
EIN Number | '953746907 | ' | ' | ' | ' |
Pension Protection Act Zone Status 2012 | ' | 'Green | ' | 'Green | ' |
FIP/RP Status Pending / Implemented | 'No | ' | ' | ' | ' |
5% Contributor | 'Yes | ' | ' | ' | ' |
Surcharge Imposed | 'No | ' | ' | ' | ' |
Expiration Date of Collective Bargaining Agreement | 31-Mar-13 | ' | ' | ' | ' |
Multi-employer contributions | 361 | ' | 340 | ' | 203 |
Pension Fund [Member] | Western States Office and Professional Employees Pension Fund [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
EIN Number | '946076144 | ' | ' | ' | ' |
Pension Protection Act Zone Status 2012 | ' | 'Red | ' | 'Red | ' |
FIP/RP Status Pending / Implemented | 'Implemented | ' | ' | ' | ' |
5% Contributor | 'No | ' | ' | ' | ' |
Surcharge Imposed | 'No | ' | ' | ' | ' |
Expiration Date of Collective Bargaining Agreement | 9-Nov-14 | ' | ' | ' | ' |
Multi-employer contributions | 96 | ' | 71 | ' | 81 |
Pension Fund [Member] | Hawaii Stevedoring Multiemployer Pension Plan [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
EIN Number | '990314293 | ' | ' | ' | ' |
Pension Protection Act Zone Status 2012 | ' | 'Yellow | ' | 'Yellow | ' |
FIP/RP Status Pending / Implemented | 'Implemented | ' | ' | ' | ' |
5% Contributor | 'Yes | ' | ' | ' | ' |
Surcharge Imposed | 'No | ' | ' | ' | ' |
Expiration Date of Collective Bargaining Agreement | 30-Jun-14 | ' | ' | ' | ' |
Multi-employer contributions | 3,310 | ' | 3,151 | ' | 2,631 |
Pension Fund [Member] | Hawaii Terminals Multiemployer Pension Plan [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
EIN Number | '200389370 | ' | ' | ' | ' |
Pension Protection Act Zone Status 2012 | ' | 'Yellow | ' | 'Yellow | ' |
FIP/RP Status Pending / Implemented | 'Implemented | ' | ' | ' | ' |
5% Contributor | 'No | ' | ' | ' | ' |
Surcharge Imposed | 'No | ' | ' | ' | ' |
Expiration Date of Collective Bargaining Agreement | 30-Jun-14 | ' | ' | ' | ' |
Multi-employer contributions | 281 | ' | 237 | ' | 277 |
Pension Fund [Member] | NYSA-ILA Pension Trust Fund and Plan [Member] | ' | ' | ' | ' | ' |
Postretirement Health Care Plans [Line Items] | ' | ' | ' | ' | ' |
EIN Number | '135652028 | ' | ' | ' | ' |
Pension Protection Act Zone Status 2012 | ' | 'Red | ' | 'Red | ' |
FIP/RP Status Pending / Implemented | 'Implemented | ' | ' | ' | ' |
5% Contributor | 'No | ' | ' | ' | ' |
Surcharge Imposed | 'Yes | ' | ' | ' | ' |
Multi-employer contributions | $5,573 | ' | $1,072 | ' | $852 |
StockBased_Compensation_Additi
Stock-Based Compensation - Additional Information (Detail) (USD $) | 12 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||||||
Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 | Dec. 22, 2013 | Dec. 22, 2013 | Jun. 02, 2009 | Apr. 02, 2011 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 | Apr. 19, 2006 | Dec. 22, 2013 | Dec. 22, 2013 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 | Dec. 22, 2013 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 | Dec. 22, 2013 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 | Dec. 22, 2013 | Dec. 22, 2013 | |
2012 Plan [Member] | 2009 Plan [Member] | 2009 Plan [Member] | Employee Stock Purchase Plan [Member] | Employee Stock Purchase Plan [Member] | Employee Stock Purchase Plan [Member] | Employee Stock Purchase Plan [Member] | Employee Stock Purchase Plan [Member] | Employee Stock Purchase Plan [Member] | Employee Stock Purchase Plan [Member] | Restricted Stock Units [Member] | Restricted Stock Units [Member] | Restricted Stock Units [Member] | Restricted Stock Units [Member] | Restricted Stock/Vested Shares [Member] | Restricted Stock/Vested Shares [Member] | Restricted Stock/Vested Shares [Member] | Performance Shares [Member] | Stock Option [Member] | Stock Option [Member] | Stock Option [Member] | Stock Option [Member] | Stock Option [Member] | ||||
2012 Plan [Member] | 2009 Plan [Member] | Employment Contracts [Member] | Minimum [Member] | Maximum [Member] | ||||||||||||||||||||||
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate common stock shares that may be issued under the plan | ' | ' | ' | 4,450,000 | 40,000 | 24,000 | ' | 123,546 | ' | ' | 12,354 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares for future issuance | ' | ' | ' | 914,166 | 37,390 | ' | ' | ' | ' | ' | ' | 0 | 10,162 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Period to exercise option | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1 year | '3 years |
Settlement period of RSU | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '30 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Vested RSUs settled in shares of the Company's common stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' |
Unrecognized compensation expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $6,900,000 | ' | ' | ' | $22,000 | ' | ' | ' | $0 | ' | ' | ' | ' |
Weighted-average period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1 year 3 months 18 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Compensation expense recognition period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'First quarter of 2014 | ' | ' | ' | ' | ' | ' | ' | ' |
Contractual terms under options granted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | ' | ' | ' | ' |
Stock-based compensation expense | $2,895,000 | $2,169,000 | $758,000 | ' | ' | ' | $0 | ' | ' | $31,000 | ' | ' | ' | $2,764,000 | $2,006,000 | $81,000 | ' | $131,000 | $163,000 | $586,000 | ' | ' | ' | $60,000 | ' | ' |
StockBased_Compensation_Compen
Stock-Based Compensation - Compensation Cost Included in Selling, General, and Administration Expenses (Detail) (USD $) | 0 Months Ended | 12 Months Ended | ||
Apr. 02, 2011 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 | |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Compensation Costs | ' | $2,895,000 | $2,169,000 | $758,000 |
Restricted Stock Units [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Compensation Costs | ' | 2,764,000 | 2,006,000 | 81,000 |
Restricted Stock/Vested Shares [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Compensation Costs | ' | 131,000 | 163,000 | 586,000 |
Stock Option [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Compensation Costs | ' | ' | ' | 60,000 |
Employee Stock Purchase Plan [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Compensation Costs | $0 | ' | ' | $31,000 |
StockBased_Compensation_Summar
Stock-Based Compensation - Summary of Grants Related to Restricted Stock Units (Detail) | 12 Months Ended |
Dec. 22, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 651,917 |
Time-Based [Member] | CEO [Member] | July 5, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Outstanding | 1,500,000 |
Grant RSUs Vested | 250,000 |
Time-Based [Member] | Board of Directors [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Outstanding | 900,000 |
Grant RSUs Vested | 180,000 |
Time-Based [Member] | Management [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Outstanding | 1,109,584 |
Grant RSUs Vested | 221,917 |
Time-Based [Member] | Management [Member] | December 26, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Outstanding | 120,834 |
Grant RSUs Vested | ' |
Time-Based [Member] | Management [Member] | June 1, 2013 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Outstanding | 87,500 |
Grant RSUs Vested | ' |
Performance-Based [Member] | CEO [Member] | July 5, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Outstanding | 1,500,000 |
Grant RSUs Vested | ' |
Performance-Based [Member] | Management [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Outstanding | 1,109,583 |
Grant RSUs Vested | ' |
Performance-Based [Member] | Management [Member] | December 26, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Outstanding | 120,833 |
Grant RSUs Vested | ' |
Performance-Based [Member] | Management [Member] | June 1, 2013 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Outstanding | 87,500 |
Grant RSUs Vested | ' |
December 31, 2013 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 500,000 |
December 31, 2013 [Member] | Time-Based [Member] | CEO [Member] | July 5, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 500,000 |
December 31, 2013 [Member] | Time-Based [Member] | Board of Directors [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
December 31, 2013 [Member] | Time-Based [Member] | Management [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
December 31, 2013 [Member] | Time-Based [Member] | Management [Member] | December 26, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
December 31, 2013 [Member] | Time-Based [Member] | Management [Member] | June 1, 2013 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
December 31, 2013 [Member] | Performance-Based [Member] | CEO [Member] | July 5, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
December 31, 2013 [Member] | Performance-Based [Member] | Management [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
December 31, 2013 [Member] | Performance-Based [Member] | Management [Member] | December 26, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
December 31, 2013 [Member] | Performance-Based [Member] | Management [Member] | June 1, 2013 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
March 31, 2014 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 928,833 |
March 31, 2014 [Member] | Time-Based [Member] | CEO [Member] | July 5, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
March 31, 2014 [Member] | Time-Based [Member] | Board of Directors [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 360,000 |
March 31, 2014 [Member] | Time-Based [Member] | Management [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 443,833 |
March 31, 2014 [Member] | Time-Based [Member] | Management [Member] | December 26, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 72,500 |
March 31, 2014 [Member] | Time-Based [Member] | Management [Member] | June 1, 2013 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 52,500 |
March 31, 2014 [Member] | Performance-Based [Member] | CEO [Member] | July 5, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
March 31, 2014 [Member] | Performance-Based [Member] | Management [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
March 31, 2014 [Member] | Performance-Based [Member] | Management [Member] | December 26, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
March 31, 2014 [Member] | Performance-Based [Member] | Management [Member] | June 1, 2013 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
December 31, 2014 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 2,000,000 |
December 31, 2014 [Member] | Time-Based [Member] | CEO [Member] | July 5, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 500,000 |
December 31, 2014 [Member] | Time-Based [Member] | Board of Directors [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
December 31, 2014 [Member] | Time-Based [Member] | Management [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
December 31, 2014 [Member] | Time-Based [Member] | Management [Member] | December 26, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
December 31, 2014 [Member] | Time-Based [Member] | Management [Member] | June 1, 2013 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
December 31, 2014 [Member] | Performance-Based [Member] | CEO [Member] | July 5, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 1,500,000 |
December 31, 2014 [Member] | Performance-Based [Member] | Management [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
December 31, 2014 [Member] | Performance-Based [Member] | Management [Member] | December 26, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
December 31, 2014 [Member] | Performance-Based [Member] | Management [Member] | June 1, 2013 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
March 31, 2015 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 2,205,084 |
March 31, 2015 [Member] | Time-Based [Member] | CEO [Member] | July 5, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
March 31, 2015 [Member] | Time-Based [Member] | Board of Directors [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 360,000 |
March 31, 2015 [Member] | Time-Based [Member] | Management [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 443,834 |
March 31, 2015 [Member] | Time-Based [Member] | Management [Member] | December 26, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 48,334 |
March 31, 2015 [Member] | Time-Based [Member] | Management [Member] | June 1, 2013 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 35,000 |
March 31, 2015 [Member] | Performance-Based [Member] | CEO [Member] | July 5, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
March 31, 2015 [Member] | Performance-Based [Member] | Management [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 1,109,583 |
March 31, 2015 [Member] | Performance-Based [Member] | Management [Member] | December 26, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 120,833 |
March 31, 2015 [Member] | Performance-Based [Member] | Management [Member] | June 1, 2013 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 87,500 |
June 30, 2015 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 250,000 |
June 30, 2015 [Member] | Time-Based [Member] | CEO [Member] | July 5, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 250,000 |
June 30, 2015 [Member] | Time-Based [Member] | Board of Directors [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
June 30, 2015 [Member] | Time-Based [Member] | Management [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
June 30, 2015 [Member] | Time-Based [Member] | Management [Member] | December 26, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
June 30, 2015 [Member] | Time-Based [Member] | Management [Member] | June 1, 2013 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
June 30, 2015 [Member] | Performance-Based [Member] | CEO [Member] | July 5, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
June 30, 2015 [Member] | Performance-Based [Member] | Management [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
June 30, 2015 [Member] | Performance-Based [Member] | Management [Member] | December 26, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
June 30, 2015 [Member] | Performance-Based [Member] | Management [Member] | June 1, 2013 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
StockBased_Compensation_Summar1
Stock-Based Compensation - Summary of Restricted Stock Units (Detail) (USD $) | 12 Months Ended |
Dec. 22, 2013 | |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' |
Vested, Number of Shares | -651,917 |
Restricted Stock Units [Member] | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' |
Nonvested, Number of Shares, Beginning Balance | 6,119,167 |
Granted, Number of Shares | 416,667 |
Vested, Number of Shares | -651,917 |
Forfeited, Number of Shares | ' |
Nonvested, Number of Shares, Ending Balance | 5,883,917 |
Nonvested, Weighted-Average Fair Value at Grant Date, Beginning Balance | 1.87 |
Granted, Weighted-Average Fair Value at Grant Date | 1.51 |
Vested, Weighted-Average Fair Value at Grant Date | 1.86 |
Forfeited, Weighted-Average Fair Value at Grant Date | ' |
Nonvested, Weighted-Average Fair Value at Grant Date, Ending Balance | 1.85 |
StockBased_Compensation_Summar2
Stock-Based Compensation - Summary of Restricted Stock Awards (Detail) (USD $) | 12 Months Ended |
Dec. 22, 2013 | |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' |
Vested, Number of Shares | -651,917 |
Restricted Stock/Vested Shares [Member] | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' |
Nonvested, Number of Shares, Beginning Balance | 8,327 |
Granted, Number of Shares | ' |
Vested, Number of Shares | -4,144 |
Forfeited, Number of Shares | -840 |
Nonvested, Number of Shares, Ending Balance | 3,343 |
Nonvested, Weighted-Average Fair Value at Grant Date, Beginning Balance | 134.25 |
Granted, Weighted-Average Fair Value at Grant Date | ' |
Vested, Weighted-Average Fair Value at Grant Date | 123 |
Forfeited, Weighted-Average Fair Value at Grant Date | 365.75 |
Nonvested, Weighted-Average Fair Value at Grant Date, Ending Balance | 89.75 |
StockBased_Compensation_Summar3
Stock-Based Compensation - Summary of Stock Option Activity (Detail) (USD $) | 12 Months Ended | |
Dec. 22, 2013 | Dec. 23, 2012 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ' |
Outstanding, Number of Options | 36,059 | ' |
Granted, Number of Options | ' | ' |
Exercised, Number of Options | ' | ' |
Forfeited, Number of Options | ' | ' |
Expired, Number of Options | -9,230 | ' |
Outstanding and exercisable, Number of Options | 26,829 | ' |
Outstanding, Weighted-Average Exercise Price | $390.75 | ' |
Granted, Weighted-Average Exercise Price | ' | ' |
Exercised, Weighted-Average Exercise Price | ' | ' |
Forfeited, Weighted-Average Exercise Price | ' | ' |
Expired, Weighted-Average Exercise Price | $357.50 | ' |
Outstanding and exercisable, Weighted-Average Exercise Price | $402.25 | $390.75 |
Weighted-Average Remaining Contractual Term (Years) | '2 years 6 months 18 days | '4 years 4 months 2 days |
Outstanding, vested and exercisable, Aggregate Intrinsic Value, Beginning period | ' | ' |
Outstanding, vested and exercisable, Aggregate Intrinsic Value, Ending period | ' | ' |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||
Jun. 24, 2012 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 | |
Income Taxes [Line Items] | ' | ' | ' | ' |
Tax benefit in continuing operations | ' | ($1,925,000) | ($1,482,000) | $126,000 |
Income tax charge included in other comprehensive income | ' | ' | 1,600,000 | ' |
Income tax benefit included in other comprehensive income | ' | ' | 1,600,000 | ' |
Decrease in current deferred tax asset | ' | ' | 2,400,000 | ' |
Decrease in noncurrent deferred tax liability | ' | ' | 2,400,000 | ' |
Tonnage tax regime period | ' | ' | '5 years | ' |
(Decrease) in deferred tax assets, gross | 3,000,000 | ' | ' | ' |
Company effective tax rate | ' | 5.50% | 1.90% | 0.20% |
Net operating loss credits of expire year | ' | '2029 | ' | ' |
Alternative minimum tax credit carryforward with no expiration period amount | ' | 1,400,000 | 1,400,000 | ' |
Unrecognized Tax benefits increase decrease period | ' | '12 months | ' | ' |
Accruals for the payment of interest and penalties | ' | 0 | 0 | ' |
Continuing Operations [Member] | ' | ' | ' | ' |
Income Taxes [Line Items] | ' | ' | ' | ' |
Tax benefit in continuing operations | ' | 2,300,000 | ' | ' |
Minimum [Member] | ' | ' | ' | ' |
Income Taxes [Line Items] | ' | ' | ' | ' |
Years subject to Income tax examinations | ' | '2004 | ' | ' |
Maximum [Member] | ' | ' | ' | ' |
Income Taxes [Line Items] | ' | ' | ' | ' |
Years subject to Income tax examinations | ' | '2012 | ' | ' |
Federal [Member] | ' | ' | ' | ' |
Income Taxes [Line Items] | ' | ' | ' | ' |
Net operating loss carryforwards | ' | 233,300,000 | 205,200,000 | ' |
Federal and state net operating loss carryforwards begin to expire | ' | '2025 | ' | ' |
State and Local Jurisdiction [Member] | ' | ' | ' | ' |
Income Taxes [Line Items] | ' | ' | ' | ' |
Net operating loss carryforwards | ' | $80,300,000 | $68,100,000 | ' |
Federal and state net operating loss carryforwards begin to expire | ' | '2019 | ' | ' |
Income_Taxes_Components_of_Inc
Income Taxes - Components of Income Tax Expense (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 |
Current: | ' | ' | ' |
Federal | $39 | ' | $35 |
State/territory | 145 | -288 | -235 |
Total current | 184 | -288 | -200 |
Deferred: | ' | ' | ' |
Federal | -2,029 | -1,537 | ' |
State/territory | -80 | 343 | 326 |
Total deferred | -2,109 | -1,194 | 326 |
Income tax (benefit) expense | ($1,925) | ($1,482) | $126 |
Income_Taxes_The_Difference_Be
Income Taxes - The Difference Between the Income Tax (Benefit) Expense and the Amounts Computed by Applying the Statutory Federal Income Tax Rates to Earnings Before Income Taxes (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 |
Income Tax Disclosure [Abstract] | ' | ' | ' |
Income tax benefit at statutory rates: | ($12,350) | ($26,606) | ($18,574) |
State/territory, net of federal income tax (benefit) expense (excluding valuation allowance) | -262 | -4,202 | 716 |
Qualifying shipping income | ' | -449 | 4,615 |
Fines and penalties | 825 | 431 | -1,908 |
Goodwill impairment | ' | ' | 38,197 |
Cancellation of debt | ' | 2,677 | 5,553 |
Gain on change in value of debt conversion features | ' | -6,792 | -14,413 |
Valuation allowance | 11,369 | 34,031 | -16,007 |
Interest rate swap | ' | -1,573 | ' |
Intraperiod allocation | -2,325 | ' | ' |
Other Items | 818 | 1,001 | 1,947 |
Income tax (benefit) expense | ($1,925) | ($1,482) | $126 |
Income_Taxes_Components_of_Def
Income Taxes - Components of Deferred Tax Assets and Liabilities (Detail) (USD $) | Dec. 22, 2013 | Dec. 23, 2012 |
In Thousands, unless otherwise specified | ||
Deferred tax assets: | ' | ' |
Net operating losses, AMT carryforwards, and state credit carryforwards | $76,077 | $63,056 |
Allowance for doubtful accounts | 1,701 | 1,340 |
Post-retirement benefits | 7,984 | 8,998 |
Lease termination payment | 32,538 | 33,073 |
Leases | ' | 5,510 |
Other | 9,495 | 15,538 |
Valuation allowances | -90,135 | -81,036 |
Total deferred tax assets | 37,660 | 46,479 |
Deferred tax liabilities: | ' | ' |
Depreciation | -26,141 | -30,428 |
Capital construction fund | -5,598 | -6,364 |
Intangibles | -3,864 | -7,117 |
Other | -2,308 | -2,606 |
Total deferred tax liabilities | -37,911 | -46,515 |
Net deferred tax liability | ($251) | ($36) |
Income_Taxes_Reconciliation_of
Income Taxes - Reconciliation of Unrecognized Tax Benefits (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 |
Income Tax Disclosure [Abstract] | ' | ' | ' |
Beginning balance | $15,428 | $15,380 | $13,596 |
Additions based on tax positions related to the current year | ' | ' | 860 |
Additions for tax positions of prior years | ' | 48 | 924 |
Reductions for tax positions of prior years | ' | ' | ' |
Ending balance | $15,428 | $15,428 | $15,380 |
Commitments_and_Contingencies_
Commitments and Contingencies - Additional Information (Detail) (USD $) | 3 Months Ended | 12 Months Ended | 0 Months Ended | |
In Millions, unless otherwise specified | Dec. 22, 2013 | Dec. 22, 2013 | Dec. 23, 2012 | Mar. 05, 2014 |
Agreement | Subsequent Event [Member] | |||
Installment | ||||
Commitment And Contingencies [Line Items] | ' | ' | ' | ' |
Settlement agreement amount | ' | ' | ' | $1.50 |
Number of installment payments for settlement agreement amount | ' | ' | ' | 6 |
Charge recorded related to legal settlement | 1.4 | ' | ' | ' |
Letters of credit amount | $12.90 | $12.90 | $13.20 | ' |
Workforce covered by collective bargaining agreement | ' | 70.00% | ' | ' |
Expired collective bargaining agreements workforce | ' | 22.00% | ' | ' |
Number of collective bargaining agreement expired in next year | ' | 4 | ' | ' |
Number of collective bargaining agreement expired in year two | ' | 3 | ' | ' |
Number of collective bargaining agreement expired in year four | ' | 2 | ' | ' |
Number of collective bargaining agreement expired in year nine | ' | 1 | ' | ' |
Percentage of union workforce | ' | 31.00% | ' | ' |
Quarterly_Financial_Data_Unaud2
Quarterly Financial Data (Unaudited) - Unaudited Quarterly Financial Data (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 22, 2013 | Sep. 22, 2013 | Jun. 23, 2013 | Mar. 24, 2013 | Dec. 23, 2012 | Sep. 23, 2012 | Jun. 24, 2012 | Mar. 25, 2012 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 |
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenue | $255,372 | $273,663 | $259,784 | $244,491 | $259,825 | $279,604 | $270,939 | $263,354 | $1,033,310 | $1,073,722 | $1,026,164 |
Operating (loss) income | 1,778 | 17,918 | 15,976 | -4,295 | -3,913 | 13,222 | 1,007 | -6,064 | 31,377 | 4,252 | -97,856 |
(Loss) income from continuing operations | -14,031 | 1,603 | -853 | -20,073 | -17,904 | 1,443 | -31,140 | -26,802 | ' | ' | ' |
(Loss) income from discontinued operations | -127 | 2,477 | -651 | -278 | -68 | 414 | -14,934 | -5,707 | 1,421 | -20,295 | -176,223 |
Net (loss) income | ($14,158) | $4,080 | ($1,504) | ($20,351) | ($17,972) | $1,857 | ($46,074) | ($32,509) | ($31,933) | ($94,698) | ($229,417) |
Basic net (loss) income per share from continuing operations | ($0.36) | $0.04 | ($0.02) | ($0.58) | ($0.52) | $0.05 | ($1.55) | ($8.58) | ($0.91) | ($3.26) | ($36.33) |
Basic net (loss) income per share from discontinued operations | ' | $0.07 | ($0.02) | ($0.01) | ' | $0.01 | ($0.75) | ($1.83) | $0.04 | ($0.89) | ($120.37) |
Basic net (loss) income per share | ($0.36) | $0.11 | ($0.04) | ($0.59) | ($0.52) | $0.06 | ($2.30) | ($10.41) | ($0.87) | ($4.15) | ($156.70) |
Diluted net (loss) income per share from continuing operations | ($0.36) | $0.02 | ($0.02) | ($0.58) | ($0.52) | $0.02 | ($1.55) | ($8.58) | ($0.91) | ($3.26) | ($36.33) |
Diluted net (loss) income per share from discontinued operations | ' | $0.03 | ($0.02) | ($0.01) | ' | ' | ($0.75) | ($1.83) | $0.04 | ($0.89) | ($120.37) |
Diluted net (loss) income per share | ($0.36) | $0.05 | ($0.04) | ($0.59) | ($0.52) | $0.02 | ($2.30) | ($10.41) | ($0.87) | ($4.15) | ($156.70) |
Quarterly_Financial_Data_Unaud3
Quarterly Financial Data (Unaudited) - Unaudited Quarterly Financial Data (Parenthetical) (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||||||
Sep. 22, 2013 | Jun. 23, 2013 | Mar. 24, 2013 | Dec. 23, 2012 | Jun. 24, 2012 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 | |
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Impairment charge | $700,000 | $2,600,000 | ' | $100,000 | $300,000 | $3,295,000 | $386,000 | $2,997,000 |
Company's restructuring plan | 1,000,000 | 400,000 | 4,800,000 | 4,300,000 | ' | ' | ' | ' |
Award received from arbitration panel | 3,000,000 | ' | ' | ' | ' | -1,387,000 | ' | 5,483,000 |
Reimbursement of legal fees and expenses | $800,000 | ' | ' | ' | ' | ' | ' | ' |
Financial_Statements_of_Guaran2
Financial Statements of Guarantors - Summary of Condensed Consolidating Balance Sheet (Detail) (USD $) | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 | Dec. 26, 2010 |
In Thousands, unless otherwise specified | ||||
Current assets: | ' | ' | ' | ' |
Cash | $5,236 | $27,839 | $21,147 | $2,751 |
Accounts receivable, net | 100,460 | 99,685 | ' | ' |
Materials and supplies | 23,369 | 29,521 | ' | ' |
Vessel rent receivable | ' | ' | ' | ' |
Deferred tax asset | 1,140 | 4,626 | ' | ' |
Other current assets | 8,915 | 8,563 | ' | ' |
Total current assets | 139,120 | 170,234 | ' | ' |
Property and equipment, net | 226,838 | 160,050 | ' | ' |
Goodwill | 198,793 | 198,793 | 198,800 | ' |
Intangible assets, net | 35,154 | 48,573 | ' | ' |
Due from affiliates | ' | ' | ' | ' |
Other long-term assets | 24,702 | 23,584 | ' | ' |
Total assets | 624,607 | 601,234 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accounts payable | 49,897 | 46,584 | ' | ' |
Current portion of long-term debt, including capital lease | 11,473 | 3,608 | ' | ' |
Accrued vessel rent | ' | 4,902 | ' | ' |
Other accrued liabilities | 77,406 | 87,358 | ' | ' |
Total current liabilities | 138,776 | 142,452 | ' | ' |
Long-term debt, including capital lease, net of current portion | 504,845 | 434,222 | ' | ' |
Deferred tax liability | 1,391 | 4,662 | ' | ' |
Due to affiliates | ' | ' | ' | ' |
Other long-term liabilities | 23,387 | 27,559 | ' | ' |
Total liabilities | 668,399 | 617,976 | ' | ' |
Stockholders' (deficiency) equity: | ' | ' | ' | ' |
Preferred stock | ' | ' | ' | ' |
Common stock | 999 | 954 | ' | ' |
Additional paid in capital | 384,073 | 381,445 | ' | ' |
(Accumulated deficit) retained earnings | -429,891 | -397,958 | ' | ' |
Accumulated other comprehensive income | 1,027 | -1,183 | ' | ' |
Total stockholders' (deficiency) equity | -43,792 | -16,742 | -165,986 | 39,792 |
Total liabilities and stockholders' (deficiency) equity | 624,607 | 601,234 | ' | ' |
Combined Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash | 5,236 | 27,839 | ' | ' |
Accounts receivable, net | 100,460 | ' | ' | ' |
Materials and supplies | 23,369 | ' | ' | ' |
Vessel rent receivable | ' | ' | ' | ' |
Deferred tax asset | 1,140 | ' | ' | ' |
Other current assets | 8,910 | ' | ' | ' |
Total current assets | 139,115 | ' | ' | ' |
Property and equipment, net | 145,281 | ' | ' | ' |
Goodwill | 198,793 | ' | ' | ' |
Intangible assets, net | 35,154 | ' | ' | ' |
Due from affiliates | ' | ' | ' | ' |
Other long-term assets | 24,702 | ' | ' | ' |
Total assets | 543,045 | ' | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accounts payable | 49,897 | ' | ' | ' |
Current portion of long-term debt, including capital lease | 5,848 | ' | ' | ' |
Accrued vessel rent | 7,884 | ' | ' | ' |
Other accrued liabilities | 75,640 | ' | ' | ' |
Total current liabilities | 139,269 | ' | ' | ' |
Long-term debt, including capital lease, net of current portion | 437,188 | ' | ' | ' |
Deferred tax liability | 1,391 | ' | ' | ' |
Due to affiliates | 1,965 | ' | ' | ' |
Other long-term liabilities | 23,387 | ' | ' | ' |
Total liabilities | 603,200 | ' | ' | ' |
Stockholders' (deficiency) equity: | ' | ' | ' | ' |
Preferred stock | ' | ' | ' | ' |
Common stock | 999 | ' | ' | ' |
Additional paid in capital | 368,159 | ' | ' | ' |
(Accumulated deficit) retained earnings | -430,340 | ' | ' | ' |
Accumulated other comprehensive income | 1,027 | ' | ' | ' |
Total stockholders' (deficiency) equity | -60,155 | ' | ' | ' |
Total liabilities and stockholders' (deficiency) equity | 543,045 | ' | ' | ' |
Combined Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash | ' | ' | ' | ' |
Accounts receivable, net | ' | ' | ' | ' |
Materials and supplies | ' | ' | ' | ' |
Vessel rent receivable | 7,884 | ' | ' | ' |
Deferred tax asset | ' | ' | ' | ' |
Other current assets | 5 | ' | ' | ' |
Total current assets | 7,889 | ' | ' | ' |
Property and equipment, net | 81,557 | ' | ' | ' |
Goodwill | ' | ' | ' | ' |
Intangible assets, net | ' | ' | ' | ' |
Due from affiliates | 1,965 | ' | ' | ' |
Other long-term assets | ' | ' | ' | ' |
Total assets | 91,411 | ' | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accounts payable | ' | ' | ' | ' |
Current portion of long-term debt, including capital lease | 5,625 | ' | ' | ' |
Accrued vessel rent | ' | ' | ' | ' |
Other accrued liabilities | 1,766 | ' | ' | ' |
Total current liabilities | 7,391 | ' | ' | ' |
Long-term debt, including capital lease, net of current portion | 67,657 | ' | ' | ' |
Deferred tax liability | ' | ' | ' | ' |
Due to affiliates | ' | ' | ' | ' |
Other long-term liabilities | ' | ' | ' | ' |
Total liabilities | 75,048 | ' | ' | ' |
Stockholders' (deficiency) equity: | ' | ' | ' | ' |
Preferred stock | ' | ' | ' | ' |
Common stock | ' | ' | ' | ' |
Additional paid in capital | 15,914 | ' | ' | ' |
(Accumulated deficit) retained earnings | 449 | ' | ' | ' |
Accumulated other comprehensive income | ' | ' | ' | ' |
Total stockholders' (deficiency) equity | 16,363 | ' | ' | ' |
Total liabilities and stockholders' (deficiency) equity | 91,411 | ' | ' | ' |
Eliminations [Member] | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash | ' | ' | ' | ' |
Accounts receivable, net | ' | ' | ' | ' |
Materials and supplies | ' | ' | ' | ' |
Vessel rent receivable | -7,884 | ' | ' | ' |
Deferred tax asset | ' | ' | ' | ' |
Other current assets | ' | ' | ' | ' |
Total current assets | -7,884 | ' | ' | ' |
Property and equipment, net | ' | ' | ' | ' |
Goodwill | ' | ' | ' | ' |
Intangible assets, net | ' | ' | ' | ' |
Due from affiliates | -1,965 | ' | ' | ' |
Other long-term assets | ' | ' | ' | ' |
Total assets | -9,849 | ' | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accounts payable | ' | ' | ' | ' |
Current portion of long-term debt, including capital lease | ' | ' | ' | ' |
Accrued vessel rent | -7,884 | ' | ' | ' |
Other accrued liabilities | ' | ' | ' | ' |
Total current liabilities | -7,884 | ' | ' | ' |
Long-term debt, including capital lease, net of current portion | ' | ' | ' | ' |
Deferred tax liability | ' | ' | ' | ' |
Due to affiliates | -1,965 | ' | ' | ' |
Other long-term liabilities | ' | ' | ' | ' |
Total liabilities | -9,849 | ' | ' | ' |
Stockholders' (deficiency) equity: | ' | ' | ' | ' |
Preferred stock | ' | ' | ' | ' |
Common stock | ' | ' | ' | ' |
Additional paid in capital | ' | ' | ' | ' |
(Accumulated deficit) retained earnings | ' | ' | ' | ' |
Accumulated other comprehensive income | ' | ' | ' | ' |
Total stockholders' (deficiency) equity | ' | ' | ' | ' |
Total liabilities and stockholders' (deficiency) equity | ($9,849) | ' | ' | ' |
Financial_Statements_of_Guaran3
Financial Statements of Guarantors - Summary of Condensed Consolidating Statement of Operations (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 22, 2013 | Sep. 22, 2013 | Jun. 23, 2013 | Mar. 24, 2013 | Dec. 23, 2012 | Sep. 23, 2012 | Jun. 24, 2012 | Mar. 25, 2012 | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 |
Condensed Income Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenue | $255,372 | $273,663 | $259,784 | $244,491 | $259,825 | $279,604 | $270,939 | $263,354 | $1,033,310 | $1,073,722 | $1,026,164 |
Operating expense: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of services (excluding depreciation expense) | ' | ' | ' | ' | ' | ' | ' | ' | 866,120 | 932,578 | 870,029 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 36,850 | 38,774 | 42,883 |
Amortization of vessel dry-docking | ' | ' | ' | ' | ' | ' | ' | ' | 14,701 | 13,904 | 15,376 |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 76,709 | 79,710 | 82,125 |
Restructuring charge | ' | ' | ' | ' | 3,100 | ' | ' | ' | 6,324 | 4,340 | ' |
Impairment charge | ' | 700 | 2,600 | ' | 100 | ' | 300 | ' | 3,295 | 386 | 2,997 |
Legal settlements | ' | -3,000 | ' | ' | ' | ' | ' | ' | 1,387 | ' | -5,483 |
Miscellaneous income | ' | ' | ' | ' | ' | ' | ' | ' | -3,453 | -222 | 737 |
Total operating expense | ' | ' | ' | ' | ' | ' | ' | ' | 1,001,933 | 1,069,470 | 1,124,020 |
Operating income | 1,778 | 17,918 | 15,976 | -4,295 | -3,913 | 13,222 | 1,007 | -6,064 | 31,377 | 4,252 | -97,856 |
Other expense (income): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | 66,916 | 62,888 | 55,677 |
Gain on conversion of debt | ' | ' | ' | ' | ' | ' | ' | ' | -5 | 36,615 | -16,017 |
Gain on change in value of debt conversion features | ' | ' | ' | ' | ' | ' | ' | ' | -271 | -19,405 | -84,480 |
Other expense, net | ' | ' | ' | ' | ' | ' | ' | ' | 16 | 39 | 32 |
(Loss) income from continuing operations before income tax benefit | ' | ' | ' | ' | ' | ' | ' | ' | -35,279 | -75,885 | -53,068 |
Income tax benefit | ' | ' | ' | ' | ' | ' | ' | ' | -1,925 | -1,482 | 126 |
Net (loss) income from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | -33,354 | -74,403 | -53,194 |
Net income from discontinued operations | -127 | 2,477 | -651 | -278 | -68 | 414 | -14,934 | -5,707 | 1,421 | -20,295 | -176,223 |
Net (loss) income | -14,158 | 4,080 | -1,504 | -20,351 | -17,972 | 1,857 | -46,074 | -32,509 | -31,933 | -94,698 | -229,417 |
Combined Guarantor Subsidiaries [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Income Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenue | ' | ' | ' | ' | ' | ' | ' | ' | 1,033,310 | ' | ' |
Operating expense: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of services (excluding depreciation expense) | ' | ' | ' | ' | ' | ' | ' | ' | 880,668 | ' | ' |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 30,962 | ' | ' |
Amortization of vessel dry-docking | ' | ' | ' | ' | ' | ' | ' | ' | 14,701 | ' | ' |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 76,657 | ' | ' |
Restructuring charge | ' | ' | ' | ' | ' | ' | ' | ' | 6,324 | ' | ' |
Impairment charge | ' | ' | ' | ' | ' | ' | ' | ' | 3,295 | ' | ' |
Legal settlements | ' | ' | ' | ' | ' | ' | ' | ' | 1,387 | ' | ' |
Miscellaneous income | ' | ' | ' | ' | ' | ' | ' | ' | -3,910 | ' | ' |
Total operating expense | ' | ' | ' | ' | ' | ' | ' | ' | 1,010,084 | ' | ' |
Operating income | ' | ' | ' | ' | ' | ' | ' | ' | 23,226 | ' | ' |
Other expense (income): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | 59,214 | ' | ' |
Gain on conversion of debt | ' | ' | ' | ' | ' | ' | ' | ' | -5 | ' | ' |
Gain on change in value of debt conversion features | ' | ' | ' | ' | ' | ' | ' | ' | -271 | ' | ' |
Other expense, net | ' | ' | ' | ' | ' | ' | ' | ' | 16 | ' | ' |
(Loss) income from continuing operations before income tax benefit | ' | ' | ' | ' | ' | ' | ' | ' | -35,728 | ' | ' |
Income tax benefit | ' | ' | ' | ' | ' | ' | ' | ' | -1,925 | ' | ' |
Net (loss) income from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | -33,803 | ' | ' |
Net income from discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | 1,421 | ' | ' |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -32,382 | ' | ' |
Combined Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Income Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenue | ' | ' | ' | ' | ' | ' | ' | ' | 14,548 | ' | ' |
Operating expense: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of services (excluding depreciation expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 5,888 | ' | ' |
Amortization of vessel dry-docking | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 52 | ' | ' |
Restructuring charge | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impairment charge | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Legal settlements | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Miscellaneous income | ' | ' | ' | ' | ' | ' | ' | ' | 457 | ' | ' |
Total operating expense | ' | ' | ' | ' | ' | ' | ' | ' | 6,397 | ' | ' |
Operating income | ' | ' | ' | ' | ' | ' | ' | ' | 8,151 | ' | ' |
Other expense (income): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | 7,702 | ' | ' |
Gain on conversion of debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain on change in value of debt conversion features | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
(Loss) income from continuing operations before income tax benefit | ' | ' | ' | ' | ' | ' | ' | ' | 449 | ' | ' |
Income tax benefit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net (loss) income from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | 449 | ' | ' |
Net income from discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | 449 | ' | ' |
Eliminations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Income Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenue | ' | ' | ' | ' | ' | ' | ' | ' | -14,548 | ' | ' |
Operating expense: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of services (excluding depreciation expense) | ' | ' | ' | ' | ' | ' | ' | ' | -14,548 | ' | ' |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortization of vessel dry-docking | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring charge | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impairment charge | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Legal settlements | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Miscellaneous income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total operating expense | ' | ' | ' | ' | ' | ' | ' | ' | -14,548 | ' | ' |
Operating income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other expense (income): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain on conversion of debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain on change in value of debt conversion features | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
(Loss) income from continuing operations before income tax benefit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income tax benefit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net (loss) income from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income from discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financial_Statements_of_Guaran4
Financial Statements of Guarantors - Summary of Condensed Consolidating Statement of Cash Flows (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 |
Condensed Cash Flow Statements, Captions [Line Items] | ' | ' | ' |
Net cash provided by operating activities from continuing operations | $31,843 | $8,323 | ($11,452) |
Net cash provided by operating activities from discontinued operations | 1,806 | -25,711 | -50,588 |
Cash flows from investing activities: | ' | ' | ' |
Purchases of equipment | -113,846 | -14,823 | -15,111 |
Proceeds from sale of equipment | 15,739 | 3,407 | 2,274 |
Net cash flows from investing activities | -98,107 | -11,416 | -12,837 |
Cash flows from financings activities: | ' | ' | ' |
Issuance of debt | 95,000 | ' | ' |
Borrowing under revolving credit facility | 34,300 | 42,500 | 104,500 |
Payments on revolving credit facility | -76,800 | ' | -204,500 |
Payments of long-term debt | -2,250 | -4,484 | -93,750 |
Payment of financing costs | -5,711 | -6,406 | -35,644 |
Payments on capital lease obligations | -2,684 | -2,114 | -1,628 |
Intercompany transactions, net | ' | ' | ' |
Net cash provided by financing activities | 41,855 | 29,496 | 93,978 |
Net change in cash from continuing operations | -24,409 | 26,403 | 69,689 |
Change in cash from discontinued operations | 1,806 | -19,711 | -51,293 |
Net change in cash | -22,603 | 6,692 | 18,396 |
Cash at beginning of year | 27,839 | 21,147 | 2,751 |
Cash at end of year | 5,236 | 27,839 | 21,147 |
Combined Guarantor Subsidiaries [Member] | ' | ' | ' |
Condensed Cash Flow Statements, Captions [Line Items] | ' | ' | ' |
Net cash provided by operating activities from continuing operations | 31,167 | ' | ' |
Net cash provided by operating activities from discontinued operations | 1,806 | ' | ' |
Cash flows from investing activities: | ' | ' | ' |
Purchases of equipment | -21,997 | ' | ' |
Proceeds from sale of equipment | 15,739 | ' | ' |
Net cash flows from investing activities | -6,258 | ' | ' |
Cash flows from financings activities: | ' | ' | ' |
Issuance of debt | 20,000 | ' | ' |
Borrowing under revolving credit facility | 34,300 | ' | ' |
Payments on revolving credit facility | -76,800 | ' | ' |
Payments of long-term debt | -2,250 | ' | ' |
Payment of financing costs | -5,711 | ' | ' |
Payments on capital lease obligations | -2,684 | ' | ' |
Intercompany transactions, net | -16,173 | ' | ' |
Net cash provided by financing activities | -49,318 | ' | ' |
Net change in cash from continuing operations | -24,409 | ' | ' |
Change in cash from discontinued operations | 1,806 | ' | ' |
Net change in cash | -22,603 | ' | ' |
Cash at beginning of year | 27,839 | ' | ' |
Cash at end of year | 5,236 | ' | ' |
Combined Non-Guarantor Subsidiaries [Member] | ' | ' | ' |
Condensed Cash Flow Statements, Captions [Line Items] | ' | ' | ' |
Net cash provided by operating activities from continuing operations | 676 | ' | ' |
Net cash provided by operating activities from discontinued operations | ' | ' | ' |
Cash flows from investing activities: | ' | ' | ' |
Purchases of equipment | -91,849 | ' | ' |
Proceeds from sale of equipment | ' | ' | ' |
Net cash flows from investing activities | -91,849 | ' | ' |
Cash flows from financings activities: | ' | ' | ' |
Issuance of debt | 75,000 | ' | ' |
Borrowing under revolving credit facility | ' | ' | ' |
Payments on revolving credit facility | ' | ' | ' |
Payments of long-term debt | ' | ' | ' |
Payment of financing costs | ' | ' | ' |
Payments on capital lease obligations | ' | ' | ' |
Intercompany transactions, net | 16,173 | ' | ' |
Net cash provided by financing activities | 91,173 | ' | ' |
Net change in cash from continuing operations | ' | ' | ' |
Change in cash from discontinued operations | ' | ' | ' |
Net change in cash | ' | ' | ' |
Cash at beginning of year | ' | ' | ' |
Cash at end of year | ' | ' | ' |
Eliminations [Member] | ' | ' | ' |
Condensed Cash Flow Statements, Captions [Line Items] | ' | ' | ' |
Net cash provided by operating activities from continuing operations | ' | ' | ' |
Net cash provided by operating activities from discontinued operations | ' | ' | ' |
Cash flows from investing activities: | ' | ' | ' |
Purchases of equipment | ' | ' | ' |
Proceeds from sale of equipment | ' | ' | ' |
Net cash flows from investing activities | ' | ' | ' |
Cash flows from financings activities: | ' | ' | ' |
Issuance of debt | ' | ' | ' |
Borrowing under revolving credit facility | ' | ' | ' |
Payments on revolving credit facility | ' | ' | ' |
Payments of long-term debt | ' | ' | ' |
Payment of financing costs | ' | ' | ' |
Payments on capital lease obligations | ' | ' | ' |
Intercompany transactions, net | ' | ' | ' |
Net cash provided by financing activities | ' | ' | ' |
Net change in cash from continuing operations | ' | ' | ' |
Change in cash from discontinued operations | ' | ' | ' |
Net change in cash | ' | ' | ' |
Cash at beginning of year | ' | ' | ' |
Cash at end of year | ' | ' | ' |
Schedule_II_Valuation_and_Qual1
Schedule II - Valuation and Qualifying Accounts (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 22, 2013 | Dec. 23, 2012 | Dec. 25, 2011 |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' |
Beginning Balance | $3,465 | $6,416 | $6,760 |
Charged to Cost and Expenses | 1,280 | 1,596 | 2,613 |
Deductions | -1,984 | -6,512 | -7,204 |
Charged to other Accounts | 1,223 | 1,965 | 4,247 |
Ending Balance | 3,984 | 3,465 | 6,416 |
Allowance for Doubtful Accounts [Member] | ' | ' | ' |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' |
Beginning Balance | 3,325 | 5,766 | 6,128 |
Charged to Cost and Expenses | 1,280 | 1,596 | 2,613 |
Deductions | -781 | -4,037 | -2,975 |
Charged to other Accounts | ' | ' | ' |
Ending Balance | 3,824 | 3,325 | 5,766 |
Allowance for Revenue Adjustments [Member] | ' | ' | ' |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' |
Beginning Balance | 140 | 650 | 632 |
Charged to Cost and Expenses | ' | ' | ' |
Deductions | -1,203 | -2,475 | -4,229 |
Charged to other Accounts | 1,223 | 1,965 | 4,247 |
Ending Balance | 160 | 140 | 650 |
Restructuring Costs [Member] | ' | ' | ' |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' |
Beginning Balance | 4,180 | 233 | 2,042 |
Charged to Cost and Expenses | 6,702 | 4,340 | ' |
Deductions | -10,295 | -393 | -1,809 |
Charged to other Accounts | ' | ' | ' |
Ending Balance | 587 | 4,180 | 233 |
Deferred Tax Assets Valuation Allowance [Member] | ' | ' | ' |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' |
Beginning Balance | 81,036 | 8,392 | 16,919 |
Charged to Cost and Expenses | 10,461 | 34,325 | -7,207 |
Deductions | ' | ' | ' |
Charged to other Accounts | -1,362 | 38,319 | -1,320 |
Ending Balance | $90,135 | $81,036 | $8,392 |
Schedule_II_Valuation_and_Qual2
Schedule II - Valuation and Qualifying Accounts (Parenthetical) (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 23, 2012 | Dec. 22, 2013 | Dec. 25, 2011 |
Deferred Tax Assets Valuation Allowance [Member] | Deferred Tax Assets Valuation Allowance [Member] | ||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' |
Deferred tax asset valuation allowance included in change to other accounts | $39.30 | ' | ' |
Other comprehensive loss | ' | $1.40 | $0.70 |