Visant 10-Q 18 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 04, 2015	Aug. 06, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 4, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Entity Registrant Name	VISANT CORP
Entity Central Index Key	1,308,085
Current Fiscal Year End Date	--01-01
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		1,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Income Statement [Abstract]
Net sales	$ 380,369	$ 389,444	$ 549,979	$ 558,012
Cost of products sold	139,130	144,930	208,681	214,863
Gross profit	241,239	244,514	341,298	343,149
Selling and administrative expenses	95,162	97,777	179,194	181,894
Gain on disposal of fixed assets	(6)	(122)	(341)	(325)
Special charges	54,174	4,253	56,053	5,599
Operating income	91,909	142,606	106,392	155,981
Interest expense, net	35,102	38,615	70,460	77,398
Equity in income of affiliate	(6,490)		(4,669)
(Loss) income before income taxes	63,297	103,991	40,601	78,583
Provision for income taxes	41,300	47,519	33,134	35,627
Income from continuing operations	21,997	56,472	7,467	42,956
Income from discontinued operations, net of tax	67	7,669	173	11,284
Net income	22,064	64,141	7,640	54,240
Comprehensive income	$ 20,143	$ 64,584	$ 6,165	$ 55,299

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 04, 2015	Jan. 03, 2015
ASSETS
Cash and cash equivalents	$ 53,512	$ 49,620
Accounts receivable, net	71,963	53,291
Inventories	57,965	84,984
Salespersons overdrafts, net of allowance of $8,224 and $7,805, respectively	10,199	19,239
Prepaid expenses and other current assets	13,348	18,476
Income tax receivable	4,271	14,702
Deferred income taxes	19,625	19,930
Current assets of discontinued operations	1,795	2,380
Total current assets	232,678	262,622
Property, plant and equipment	400,467	384,493
Less accumulated depreciation	(281,707)	(265,348)
Property, plant and equipment, net	118,760	119,145
Goodwill	695,464	748,886
Intangibles, net	332,943	338,598
Deferred financing costs, net	22,005	24,290
Deferred income taxes	1,915	1,782
Other assets	45,293	41,689
Long-term assets of discontinued operations		1,000
Total assets	1,449,058	1,538,012
LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDER'S DEFICIT
Accounts payable	26,488	26,666
Accrued employee compensation and related taxes	19,202	26,270
Commissions payable	25,657	7,476
Customer deposits	65,624	177,892
Income taxes payable	21,921	5
Current portion of long-term debt and capital leases	8,872	9,524
Interest payable	19,999	19,904
Other accrued liabilities	24,611	25,891
Current liabilities of discontinued operations	6,842	7,549
Total current liabilities	219,216	301,177
Long-term debt and capital leases - less current maturities	1,486,226	1,489,628
Deferred income taxes	105,558	108,070
Pension liabilities, net	88,606	92,727
Other noncurrent liabilities	27,445	24,289
Long-term liabilities of discontinued operations		4,822
Total liabilities	$ 1,927,051	2,020,713
Mezzanine equity		$ 11
Preferred stock $.01 par value; authorized 300,000 shares; none issued and outstanding at July 4, 2015 and January 3, 2015
Common stock $.01 par value; authorized 1,000 shares; 1,000 shares issued and outstanding at July 4, 2015 and January 3, 2015	$ 0	$ 0
Additional paid-in-capital	61,703	61,692
Accumulated deficit	(466,228)	(472,411)
Accumulated other comprehensive loss	(73,468)	(71,993)
Total stockholder's deficit	(477,993)	(482,712)
Total liabilities, mezzanine equity and stockholder's deficit	$ 1,449,058	$ 1,538,012

Condensed Consolidated Balance4

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jul. 04, 2015	Jan. 03, 2015
Statement of Financial Position [Abstract]
Salespersons overdrafts, allowance	$ 8,224	$ 7,805
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	300,000	300,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,000	1,000
Common stock, shares issued	1,000	1,000
Common stock, shares outstanding	1,000	1,000

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014
Statement of Cash Flows [Abstract]
Net income	$ 7,640	$ 54,240
Adjustments to reconcile net loss to cash (used in) provided by operating activities:
Income from discontinued operations	(173)	(11,284)
Equity in income of affiliate	(4,669)
Depreciation	18,303	17,931
Amortization of intangible assets	8,286	7,385
Amortization of debt discount, premium and deferred financing costs	3,213	6,690
Other amortization	148	153
Deferred income taxes	(3,605)	1,500
Gain on disposal of fixed assets	(341)	(325)
Excess tax benefit from share based arrangements		(36)
Loss on asset impairments	53,300	209
Changes in assets and liabilities:
Accounts receivable	(18,808)	(33,106)
Inventories	26,887	35,304
Salespersons overdrafts	8,808	8,959
Prepaid expenses and other current assets	5,344	3,520
Accounts payable and accrued expenses	(7,110)	(7,861)
Customer deposits	(112,020)	(101,249)
Commissions payable	17,717	15,841
Income taxes payable/receivable	32,337	41,448
Interest payable	95	83
Other operating activities, net	(5,103)	(2,128)
Net cash provided by operating activities of continuing operations	30,249	37,274
Net cash (used in) provided by operating activities of discontinued operations	(3,685)	12,792
Net cash (used in) provided by operating activities	26,564	50,066
Purchases of property, plant and equipment	(16,477)	(13,284)
Proceeds from sale of property and equipment	606	397
Net cash used in investing activities of continuing operations	(15,871)	(12,887)
Net cash used in investing activities of discontinued operations		(1,733)
Net cash used in investing activities	(15,871)	(14,620)
Repayment of long-term debt and capital lease obligations	(5,145)	(1,654)
Proceeds from issuance of long-term debt and capital leases		159
Excess tax benefit from share based arrangements		36
Distribution to stockholder	(1,457)	(1,121)
Debt financing costs and related expenses	(20)
Net cash used in financing activities of continuing operations	(6,622)	(2,580)
Net cash used in financing activities of discontinued operations		(1,139)
Net cash used in financing activities	(6,622)	(3,719)
Effect of exchange rate changes on cash and cash equivalents	(179)	(25)
Increase in cash and cash equivalents	3,892	31,702
Cash and cash equivalents, beginning of period	49,620	96,042
Cash and cash equivalents, end of period	53,512	127,744
Supplemental information:
Interest paid	67,243	70,628
Income taxes paid, net of refunds	$ 698	$ 4,687

Overview and Basis of Presentat

Overview and Basis of Presentation	6 Months Ended
	Jul. 04, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Overview and Basis of Presentation	1. Overview and Basis of Presentation Overview The Company is a marketing and publishing services enterprise primarily servicing the school affinity, educational and trade publishing and packaging segments. The Company sells products and services to end customers through several different sales channels including independent sales representatives and dedicated sales forces. Sales and results of operations are impacted by a number of factors, including general economic conditions, seasonality, cost of raw materials, school population trends, the availability of school funding, product and service offerings and quality and price. On October 4, 2004, an affiliate of Kohlberg Kravis Roberts & Co. L.P. (“KKR”) and affiliates of DLJ Merchant Banking Partners III, L.P. (“DLJMBP III” and, together with KKR, the “Sponsors”) completed a series of transactions which created a marketing and publishing services enterprise (the “Transactions”) through the combination of Jostens, Inc. (“Jostens”), Von Hoffmann Corporation (“Von Hoffmann”) and AKI, Inc. and its subsidiaries (“Arcade”). On April 16, 2015, DLJMBP III and certain of its affiliates transferred all of their interests in Visant Holding Corp. (“Holdco”) to Gamma LP, an affiliated fund of DLJMBP III (“Gamma LP”). Visant is an indirect wholly-owned subsidiary of Holdco. As of July 4, 2015, affiliates of KKR and Gamma LP held approximately 49.6% and 41.4%, respectively, of Holdco’s voting interest, while each held approximately 45.1% of Holdco’s economic interest. As of July 4, 2015, the other co-investors held approximately 8.2% of the voting interest and approximately 9.0% of the economic interest of Holdco, and members of management held approximately 0.8% of the voting interest and approximately 0.8% of the economic interest of Holdco (exclusive of exercisable options). Basis of Presentation The unaudited condensed consolidated financial statements included herein are for Visant and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The accompanying unaudited condensed consolidated financial statements of Visant and its subsidiaries are presented pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”) in accordance with disclosure requirements for the quarterly report on Form 10-Q. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the interim periods presented are not necessarily indicative of the results that may be expected for the full year. These financial statements should be read in conjunction with the consolidated financial statements and footnotes included in Visant’s Annual Report on Form 10-K for the fiscal year ended January 3, 2015. Our accounting policies are described in the Notes to the consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended January 3, 2015. As a result of the dispositions of the Lehigh Direct operations of the Lehigh Press LLC and of Arcade during the third quarter of 2014, the results of these businesses, which comprised a portion of Visant’s Marketing and Publishing Services segment, have been reclassified on the condensed consolidated statement of operations to a single line captioned “Income from discontinued operations, net of tax.” Previously, the results of these businesses included certain allocated corporate costs, which costs have been reallocated to the remaining continuing operations on a retrospective basis, which continuing operations are now comprised of the Company’s Scholastic and Memory Book segments along with its book component and packaging operations, which are included under the renamed Publishing and Packaging Services segment. Results for all periods disclosed in this report are exclusive of these discontinued operations. Refer to Note 4, Discontinued Operations, The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jul. 04, 2015
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	2. Recent Accounting Pronouncements On May 28, 2014, the FASB issued Accounting Standards Update 2014-09 (“ASU 2014-09”), which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. ASU 2014-09 applies to all contracts with customers except those that are within the scope of other topics in the FASB codification. ASU 2014-09 is effective for annual periods (including interim periods within those periods) beginning after December 15, 2016 for public entities. Early adoption is not permitted. Implementation may be either through retrospective application to each period from the first quarter of 2015 or with a cumulative effect adjustment upon adoption in 2017. Additional disclosures will also be required under the new standard. In July 2015, the FASB approved a proposal to extend the required implementation date one year to the first quarter of 2018 which will also permit companies to adopt the standard at the original effective date of 2017. The Company is currently evaluating the impact and disclosure of this guidance on its financial statements. On June 19, 2014, the FASB issued Accounting Standards Update 2014-12 (“ASU 2014-12”), which clarifies that entities should treat performance targets that can be met after the requisite service period of a share-based payment award as performance conditions that affect vesting. Therefore, an entity would not record compensation expense (measured as of the grant date without taking into account the effect of the performance target) related to an award for which transfer to the employee is contingent on the entity’s satisfaction of a performance target until it becomes probable that the performance target will be met. ASU 2014-12 is effective for all entities for annual periods (including interim periods within those periods) beginning after December 15, 2015, with early adoption permitted. All entities will have the option of applying the guidance either prospectively (i.e., only to awards granted or modified on or after the effective date of ASU 2014-12) or retrospectively. The Company is currently evaluating the impact and disclosure of this guidance on its financial statements. On April 7, 2015, the FASB issued Accounting Standards Update 2015-03 (“ASU 2015-03”), which changes the presentation of debt issuance costs in financial statements. Under the ASU, an entity presents such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the costs is reported as interest expense. ASU 2015-03 is effective for annual periods (including interim periods within those periods) beginning after December 15, 2015. Early adoption is allowed for all entities for financial statements that have not been previously issued. Entities should apply the guidance retrospectively. The Company is currently evaluating the impact and disclosure of this guidance on its financial statements.

Restructuring Activity and Othe

Restructuring Activity and Other Special Charges	6 Months Ended
	Jul. 04, 2015
Restructuring and Related Activities [Abstract]
Restructuring Activity and Other Special Charges	3. Restructuring Activity and Other Special Charges For the three months ended July 4, 2015, the Company recorded $0.6 million of severance and related benefit costs associated with the elimination of certain corporate management positions. Also included in special charges for the three months ended July 4, 2015 was $0.3 million of severance and related benefits in the Publishing and Packaging Services segment. These restructuring charges were comprised of severance and related benefits associated with reductions in force. The associated employee headcount reductions related to the above actions were four related to the corporate management positions and three in the Publishing and Packaging Services segment. Additionally, included in other special charges for the three months ended July 4, 2015, were $53.3 million of goodwill impairment charges associated with the sale of Phoenix Color Corp. in the Publishing and Packaging Services segment, as discussed in Note 9, Goodwill and Other Intangible Assets For the six months ended July 4, 2015, the Company recorded $2.3 million of severance and related benefit costs associated with the elimination of certain corporate management positions. Also included in special charges for the six months ended July 4, 2015 was $0.5 million of severance and related benefits in the Publishing and Packaging Services segment. These restructuring charges were comprised of severance and related benefits associated with reductions in force. The associated employee headcount reductions related to the above actions were nine in the Publishing and Packaging Services segment and seven related to the corporate management positions. Additionally, included in other special charges for the six months ended July 4, 2015, were $53.3 million of goodwill impairment charges associated with the sale of Phoenix Color Corp. in the Publishing and Packaging Services segment, as discussed in Note 9, Goodwill and Other Intangible Assets. For the three months ended June 28, 2014, the Company recorded $2.2 million and $0.5 million of restructuring costs in the Scholastic and Memory Book segments, respectively. These restructuring costs were comprised of severance and related benefits associated with reductions in force. Also included in other special charges for the three months ended June 28, 2014, were $1.6 million of non-cash asset impairment charges associated with facility consolidations in the Scholastic segment. The associated employee headcount reductions related to the above actions were 122 and four in the Scholastic and Memory Book segments, respectively. For the six months ended June 28, 2014, the Company recorded $3.0 million, $0.6 million and $0.1 million of restructuring costs in the Scholastic, Memory Book and Publishing and Packaging Services segments, respectively. These restructuring costs were comprised of severance and related benefits associated with reductions in force. Also included in other special charges for the six months ended June 28, 2014, were $1.9 million of non-cash asset impairment charges associated with facility consolidations in the Scholastic segment. The associated employee headcount reductions related to the above actions were 185, six and one in the Scholastic, Memory Book and Publishing and Packaging Services segments, respectively. Restructuring accruals of $4.5 million and $5.1 million as of July 4, 2015 and January 3, 2015, respectively, are included in other accrued liabilities in the Condensed Consolidated Balance Sheets. These accruals included amounts provided for the mutual termination of a multi-year marketing and sponsorship arrangement entered into by Jostens in 2007 (the “Multi-Year Marketing and Sponsorship Arrangement”) and severance and related benefits related to reductions in force in each segment. On a cumulative basis through July 4, 2015, the Company incurred $11.4 million, $6.5 million and $0.9 million in the Scholastic, Memory Book and Publishing and Packaging Services segments, respectively, of costs related to the termination of the Multi-Year Marketing and Sponsorship Arrangement and employee severance and related benefit costs related to the 2015, 2014 and 2013 initiatives, which affected an aggregate of 343 employees. On a cumulative basis, the Company has paid $14.3 million in cash related to these initiatives as of July 4, 2015. Changes in the severance and related benefits accruals during the first six months of fiscal 2015 were as follows: In thousands 2015 2014 2013 Total Balance at January 3, 2015 $ — $ 1,415 $ 26 $ 1,441 Restructuring charges 2,782 (29 ) — 2,753 Severance, benefits and other payments (1,342 ) (744 ) (21 ) (2,107 ) Balance at July 4, 2015 $ 1,440 $ 642 $ 5 $ 2,087 The majority of the remaining severance and related benefits associated with the 2014 and 2013 initiatives are expected to be paid by the end of fiscal 2015. The 2015 initiatives are expected to be paid by the end of 2016. Changes in the Multi-Year Marketing and Sponsorship Arrangement accrual during the first six months of fiscal 2015 were as follows: In thousands Balance at January 3, 2015 $ 3,644 Payments (1,191 ) Balance at July 4, 2015 $ 2,453 The costs associated with the termination of the Multi-Year Marketing and Sponsorship Arrangement are expected to be paid by the end of the second quarter of 2016.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jul. 04, 2015
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	4. Discontinued Operations During the third quarter of 2014, the Company sold substantially all of the assets of the Lehigh Direct operations of its The Lehigh Press LLC subsidiary (“Lehigh”) for $22.0 million, before customary working capital adjustments. The Company recognized an aggregate $4.2 million loss, net of tax, on the transaction. On July 25, 2014, the Company entered into a definitive Omnibus Transaction Agreement (the “OTA”) with OCM Luxembourg Ileos Holdings S.à.r.l. (“Ileos”) and Tripolis Holdings S.à.r.l. (“Luxco”) to combine their respective wholly owned subsidiaries, Arcade and Bioplan, resulting in the formation of the new venture under Luxco (the “Arcade Transaction”). On September 23, 2014, the Company and Ileos completed the Arcade Transaction in accordance with the terms and conditions of the OTA. In exchange for the Company’s contribution of 100% of the capital stock of Arcade, the Company received approximately $334.5 million in cash proceeds and a 25% minority equity interest in Luxco, which the Company recorded using the equity method of accounting. The Company reported a gain in connection with the Arcade Transaction of approximately $96.3 million, net of tax, in the third quarter of 2014. The minority equity interest provides Visant with minority voting rights and the right to designate two directors to the board of managers of Luxco so long as it maintains a particular level of ownership in the equity interest in Luxco. As of July 4, 2015, the Company recorded its interest in Luxco in the amount of $31.8 million and reported the amount in the “Other Assets” caption in the Condensed Consolidated Balance Sheet, using the equity method of accounting. The Company determined the value of its interest in Luxco as of September 23, 2014 based on a market approach. The Company recognized net income of $6.5 million and $4.7 million from this investment for the three and six month periods ended July 4, 2015, respectively. The net income recorded in the three and six months ended July 4, 2015 was due to a gain on the redemption of debt. On May 7, 2015, Luxco completed a transaction with EPOF III (“Oaktree”), whereby Oaktree contributed $78.0 million of cash for Convertible Preferred Equity Certificates (“CPEC”). The CPECs, which have an 8% stated rate that are paid-in-kind and can be converted into common shares at the option of Oaktree, were part of a transaction to repurchase a total of $130.0 million of originally issued First and Second Lien Term Loan debt of Luxco from the bank group. In the event Oaktree exercises its option to convert its CPECs into common shares, the resulting share issuance would dilute the Company’s ownership interest in Luxco. The disposals of the Lehigh and Arcade businesses resulted in the Company’s exit from the direct marketing and sampling segments. The results of the Lehigh and Arcade businesses had previously been reported within the Marketing and Publishing Services segment. The results of the Lehigh and Arcade businesses have been reclassified on the Condensed Consolidated Statement of Operations and Comprehensive Income and are included in the line captioned “Income from discontinued operations, net of tax.” Previously the results of these businesses included certain allocated corporate costs, which have been reallocated to the remaining continuing operations on a retrospective basis. As a result of the Company’s strategic shift out of the direct marketing and sampling segments, the Marketing and Publishing Services segment is now comprised of the Company’s book, book component and packaging operations under the renamed Publishing and Packaging Services segment. Included in income from discontinued operations, net of tax in the Condensed Consolidated Statement of Operations and Comprehensive Income were the following: Three months ended Six months ended July 4, June 28, July 4, June 28, In thousands 2015 2014 2015 2014 Net sales $ — $ 54,881 $ — $ 129,907 Cost of products sold — 40,613 (174 ) 92,701 Gross profit — 14,268 174 37,206 Selling and administrative expenses — 12,835 6 25,860 Loss (gain) on disposal of assets — (22 ) — (22 ) Special charges — — — 401 Operating income — 1,455 168 10,967 Interest expense, net (108 ) 29 (108 ) 41 Income before income taxes 108 1,426 276 10,926 Provision for income taxes 41 (6,243 ) 103 (358 ) Net income from discontinued operations $ 67 $ 7,669 $ 173 $ 11,284

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jul. 04, 2015
Equity [Abstract]
Accumulated Other Comprehensive Loss	5. Accumulated Other Comprehensive Loss The changes in accumulated other comprehensive loss (“AOCL”), by component, for the three and six months ended July 4, 2015 were as follows: In thousands Fair Value of Foreign Currency Pension and Total Balance as of April 4, 2015 $ (1,964 ) $ 797 $ (70,380 ) $ (71,547 ) Change in fair value of derivatives, net of tax of less than $(0.1) million (70 ) — — (70 ) Change in cumulative translation adjustment — (2,922 ) — (2,922 ) Change in pension and other postretirement benefit plans, net of tax of $0.4 million — — 621 621 Amounts reclassified from AOCL, net of tax of $0.3 million 450 — — 450 Balance as of July 4, 2015 $ (1,584 ) $ (2,125 ) $ (69,759 ) $ (73,468 ) In thousands Fair Value of Foreign Currency Pension and Total Balance as of January 3, 2015 $ (2,143 ) $ 1,152 $ (71,002 ) $ (71,993 ) Change in fair value of derivatives, net of tax of $(0.2) million (342 ) — — (342 ) Change in cumulative translation adjustment — (3,277 ) — (3,277 ) Change in pension and other postretirement benefit plans, net of tax of $0.8 million — — 1,243 1,243 Amounts reclassified from AOCL, net of tax of $0.5 million 901 — — 901 Balance as of July 4, 2015 $ (1,584 ) $ (2,125 ) $ (69,759 ) $ (73,468 ) The changes in AOCL, by component, for the three and six months ended June 28, 2014 were as follows: In thousands Fair Value of Foreign Currency Pension and Total Balance as of March 29, 2014 $ (3,021 ) $ 3,837 $ (40,914 ) $ (40,098 ) Change in fair value of derivatives, net of tax of $(0.3) million (519 ) — — (519 ) Change in cumulative translation adjustment — 102 — 102 Change in pension and other postretirement benefit plans, net of tax of $0.2 million — — 358 358 Amounts reclassified from AOCL, net of tax of $0.3 million 502 — — 502 Balance as of June 28, 2014 $ (3,038 ) $ 3,939 $ (40,556 ) $ (39,655 ) In thousands Fair Value of Foreign Currency Pension and Total Balance as of December 28, 2013 $ (3,371 ) $ 3,929 $ (41,272 ) $ (40,714 ) Change in fair value of derivatives, net of tax of $(0.4) million (670 ) — — (670 ) Change in cumulative translation adjustment — 10 — 10 Change in pension and other postretirement benefit plans, net of tax of $0.5 million — — 716 716 Amounts reclassified from AOCL, net of tax of $0.6 million 1,003 — — 1,003 Balance as of June 28, 2014 $ (3,038 ) $ 3,939 $ (40,556 ) $ (39,655 ) Amounts reclassified from AOCL for derivative instruments are recorded in “Interest expense, net” in the Condensed Consolidated Statements of Operations and Comprehensive Income.

Accounts Receivable

Accounts Receivable	6 Months Ended
	Jul. 04, 2015
Receivables [Abstract]
Accounts Receivable	6. Accounts Receivable Net accounts receivable were comprised of the following: July 4, January 3, In thousands 2015 2015 Trade receivables $ 85,270 $ 60,074 Allowance for doubtful accounts (4,474 ) (4,178 ) Allowance for sales returns (8,833 ) (2,605 ) Accounts receivable, net $ 71,963 $ 53,291

Inventories

Inventories	6 Months Ended
	Jul. 04, 2015
Inventory Disclosure [Abstract]
Inventories	7. Inventories Inventories were comprised of the following: July 4, January 3, In thousands 2015 2015 Raw materials and supplies $ 21,541 $ 20,376 Work-in-process 15,794 36,108 Finished goods 20,630 28,500 Inventories $ 57,965 $ 84,984 Precious Metals Consignment Arrangement Jostens is a party to a precious metals consignment agreement with a major financial institution under which it currently has the ability to obtain up to the lesser of a certain specified quantity of precious metals and $48.0 million in dollar value in consigned inventory. Under these arrangements, Jostens does not take title to consigned inventory until payment. Accordingly, Jostens does not include the value of consigned inventory or the corresponding liability in its consolidated financial statements. The value of consigned inventory was $25.0 million and $23.9 million as of July 4, 2015 and January 3, 2015, respectively. The agreement does not have a stated term, and it can be terminated by either party upon 60 days written notice. Additionally, Jostens incurred expenses for consignment fees related to this facility of $0.3 million and $0.2 million for the three-month periods ended July 4, 2015 and June 28, 2014, respectively. The consignment fees expensed for the six months ended July 4, 2015 and June 28, 2014 were $0.5 million and $0.3 million, respectively. The obligations under the consignment agreement are guaranteed by Visant.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jul. 04, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	8. Fair Value Measurements The Company measures fair value as the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability. The fair value should be calculated based on assumptions that market participants would use in pricing the asset or liability, not on assumptions specific to the entity. In addition, the fair value of liabilities should include consideration of non-performance risk, including the Company’s own credit risk. The disclosure requirements around fair value establish a fair value hierarchy for valuation inputs. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. Each fair value measurement is reported in one of the three levels which are determined by the lowest level input that is significant to the fair value measurement in its entirety. These levels are: • Level 1 – inputs are based upon unadjusted quoted prices for identical instruments traded in active markets. • Level 2 – inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3 – inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models and similar techniques. The Company does not have financial assets or financial liabilities that are currently measured and reported on the balance sheet on a fair value basis except as noted in Note 11, Derivative Financial Instruments and Hedging Activities In addition to such financial assets and liabilities that are recorded at fair value on a recurring basis, the Company used Level 2 inputs to estimate the fair value of its financial instruments which are not recorded at fair value on the balance sheet as of each of July 4, 2015 and January 3, 2015, respectively. The Company’s financial instruments consist primarily of cash and cash equivalents, time deposits, accounts receivable, accounts payable, debt and derivative financial instruments. The fair value of cash and cash equivalents, time deposits, accounts receivable and accounts payable approximated book value as of July 4, 2015 and January 3, 2015 due to their short term nature. The fair value of equipment financing arrangements and capital lease obligations approximated book value as of July 4, 2015 and January 3, 2015. As of July 4, 2015, the fair value of Visant’s 10.00% senior notes due 2017 (the “Senior Notes”), with an aggregate principal amount outstanding of $736.7 million, approximated $598.6 million at such date. As of July 4, 2015, the fair value of the outstanding term loan facility under Visant’s senior secured term loan facility (the “Term Loan Facility”) and maturing in 2021 (or, if greater than $250.0 million of Senior Notes remain outstanding on July 2, 2017, maturing on July 2, 2017), with an aggregate principal amount outstanding of $769.2 million, approximated $743.3 million at such date. As of January 3, 2015, the fair value of Visant’s Senior Notes, with an aggregate principal amount outstanding of $736.7 million, approximated $655.7 million at such date. As of January 3, 2015, the fair value of the outstanding term loan facility under Visant’s Term Loan Facility maturing in 2021 (or, if greater than $250.0 million of Senior Notes remain outstanding on July 2, 2017, maturing on July 2, 2017), with an aggregate principal amount outstanding of $773.1 million, approximated $753.8 million at such date.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jul. 04, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	9. Goodwill and Other Intangible Assets The change in the carrying amount of goodwill is as follows: In thousands Scholastic Memory Book Publishing and Total Balance at January 3, 2015 $ 300,663 $ 391,178 $ 57,045 $ 748,886 Goodwill additions during the period — — — — Goodwill impairment — — (53,300 ) (53,300 ) Currency translation (122 ) — — (122 ) Balance at July 4, 2015 $ 300,541 $ 391,178 $ 3,745 $ 695,464 In thousands Scholastic Memory Book Publishing and Total Balance at December 28, 2013 $ 300,857 $ 391,178 $ 57,045 $ 749,080 Goodwill additions during the period — — — — Currency translation 24 — — 24 Balance at June 28, 2014 $ 300,881 $ 391,178 $ 57,045 $ 749,104 As of July 4, 2015, goodwill had been reduced by $107.5 million of accumulated impairment losses. The $53.3 million of goodwill impairment losses recorded in the three and six month periods ended July 4, 2015 reflect an analysis of the carrying value of Phoenix Color Corp. and its fair value, based on the definitive purchase agreement with ALJ Regional Holdings, Inc., as further discussed in Note 19, Subsequent Events Information regarding other intangible assets is as follows: July 4, 2015 January 3, 2015 In thousands Weighted useful life Gross Accumulated Net Gross Accumulated Net School relationships 10 years $ 330,000 $ (330,000 ) $ — $ 330,000 $ (330,000 ) $ — Internally developed software 4.5 years 8,600 (8,600 ) — 8,600 (8,600 ) — Patented/unpatented technology 3 years 12,774 (12,774 ) — 12,774 (12,478 ) 296 Customer relationships 16.5 years 154,714 (82,747 ) 71,967 154,205 (77,936 ) 76,269 Trademarks (definite lived) 20 years 450 (159 ) 291 434 (115 ) 319 Restrictive covenants 4.9 years 34,381 (16,996 ) 17,385 30,932 (12,518 ) 18,414 540,919 (451,276 ) 89,643 536,945 (441,647 ) 95,298 Trademarks Indefinite 243,300 — 243,300 243,300 — 243,300 $ 784,219 $ (451,276 ) $ 332,943 $ 780,245 $ (441,647 ) $ 338,598 Amortization expense related to other intangible assets was $4.2 million and $3.9 million for the three months ended July 4, 2015 and June 28, 2014, respectively. For the six months ended July 4, 2015 and June 28, 2014, amortization expense related to other intangible assets was $8.3 million and $7.4 million, respectively. Based on intangible assets in service as of July 4, 2015, estimated amortization expense for the remainder of fiscal 2015 and each of the five succeeding fiscal years is $8.0 million for the remainder of fiscal 2015, $15.0 million for 2016, $12.5 million for 2017, $10.5 million for 2018, $8.8 million for 2019 and $7.7 million for 2020.

Debt

Debt	6 Months Ended
	Jul. 04, 2015
Debt Disclosure [Abstract]
Debt	10. Debt Debt obligations as of July 4, 2015 and January 3, 2015 consisted of the following: July 4, January 3, In thousands 2015 2015 Senior secured term loan facility, net of original issue discount of $14.1 million, Term Loan variable rate, 7.00% at July 4, 2015, with quarterly interest payments, principal due and payable at maturity - September 2021 $ 755,115 $ 758,078 Senior notes, 10.00% fixed rate, with semi-annual interest payments of $36.8 million in April and October, principal due and payable at maturity - October 2017 736,670 736,670 1,491,785 1,494,748 Equipment financing arrangements 2,481 3,508 Capital lease obligations 832 896 Total debt $ 1,495,098 $ 1,499,152 Senior Secured Credit Facilities On September 23, 2014, Visant entered into a Credit Agreement (the “Credit Agreement”) with Visant Secondary Holdings Corp. (“Holdings”), the lending institutions from time to time parties thereto (the “Lenders”) and Credit Suisse AG, as administrative agent and collateral agent. The Credit Agreement established senior secured credit facilities in an aggregate amount of $880.0 million, consisting of a $775.0 million Term Loan Facility maturing in 2021 that will amortize on a basis of 1.00% annually during the seven-year term, along with a $105.0 million revolving credit facility (the “Revolving Credit Facility” and together with the Term Loan Facility, the “Credit Facilities”) maturing in 2019, which includes a $40.0 million letter of credit facility. If the aggregate amount of certain senior unsecured notes (including the Senior Notes) outstanding on July 2, 2017 is greater than $250.0 million, both facilities will mature on July 2, 2017. Interest on all loans under the Credit Agreement is payable either quarterly or at the expiration of any LIBOR interest period applicable thereto. Borrowings under the Term Loan Facility and the Revolving Credit Facility accrue interest at a rate equal to, at our option, a base rate (“ABR”) (such as prime rate or LIBOR) plus an applicable margin. The applicable margin is based on our leverage ratio, ranging from 5.50% to 6.00% in the case of LIBOR and 4.50% to 5.00% in the case of ABR. The term loan facility is subject to a 1% prepayment premium in the event of certain repricing events within one year of the closing date of the Credit Agreement. The Credit Agreement allows Visant, subject to certain conditions, including compliance with a minimum leverage test, to incur additional term loans and revolving borrowing commitments in an aggregate principal amount of up to $125.0 million plus voluntary prepayments and voluntary commitment reductions, less the aggregate amount of new loan commitments and certain other permitted indebtedness incurred. Amounts borrowed under the Term Loan Facility that are repaid or prepaid may not be reborrowed. All obligations under the Credit Agreement are unconditionally guaranteed by Holdings, and, subject to certain exceptions, each of the Company’s existing and future domestic wholly-owned subsidiaries (the “Subsidiary Guarantors”). All obligations under the Credit Agreement, and the guarantees of those obligations (as well as cash management obligations and any interest hedging or other swap agreements, in each case, with lenders or affiliates of lenders), are, subject to certain exceptions, secured by (i) all of the Company’s stock and the capital stock of each of the Company’s existing and future subsidiaries, except that with respect to foreign subsidiaries such security interest is limited to 66% of the capital stock of “first-tier” foreign subsidiaries, and (ii) substantially all of the tangible and intangible assets of the Company, Holdings and each Subsidiary Guarantor. The Credit Agreement requires us to maintain a maximum first lien secured debt to consolidated EBITDA ratio, which is tested quarterly based on the last four fiscal quarters and is set at levels as described in the Credit Agreement. The Credit Agreement also contains a number of affirmative and restrictive covenants, including limitations on the incurrence of additional debt, liens, mergers, consolidations, liquidations and dissolutions, asset sales, restricted payments, including dividends and other payments in respect of our capital stock, prepayments of certain debt and transactions with affiliates. The Credit Agreement also contains customary events of default subject, to the extent applicable, to customary grace periods. The Credit Agreement provides a $250.0 million basket for repayment of senior secured or senior unsecured notes, including the Senior Notes. The Company was in compliance with its financial covenant under the Credit Agreement as of July 4, 2015. Transaction fees and related costs of $17.2 million associated with the Credit Agreement have been capitalized and are amortized as interest expense over the life of the Credit Agreement. As of July 4, 2015, the annual interest rate under the Revolving Credit Facility was LIBOR (with a LIBOR floor of 1.00%) plus 6.00% or ABR plus 5.00%, in each case, with step-downs based on the total leverage ratio. As of July 4, 2015, there was $19.6 million outstanding in the form of letters of credit under the Revolving Credit Facility, leaving $85.4 million available for borrowing under the Revolving Credit Facility. Visant is obligated to pay quarterly commitment fees of 0.50% on the unused portion of the Revolving Credit Facility, with a step-down to 0.375% if the consolidated first lien secured debt to consolidated EBITDA ratio is at or below 3.00 to 1.00, as well as a quarterly letter of credit fee at a rate per annum equal to the applicable margin for LIBOR loans or the face amount of any outstanding letters of credit plus a fee computed at a rate for each day equal to 0.125% per annum. The annualized weighted average interest rates on short term borrowings under the Company’s Revolving Credit Facility were 8.3% for the six months ended July 4, 2015. Senior Notes In connection with the issuance of the Senior Notes in aggregate principal amount of $750.0 million, Visant and the U.S. Subsidiary Guarantors entered into an Indenture among Visant, the U.S. Subsidiary Guarantors and U.S. Bank National Association, as trustee (the “Indenture”). The Senior Notes are guaranteed on a senior unsecured basis by the U.S. Subsidiary Guarantors. Interest on the notes accrues at the rate of 10.00% per annum and is payable semi-annually in arrears on April 1 and October 1, to holders of record on the immediately preceding March 15 and September 15. The Senior Notes are senior unsecured obligations of Visant and the U.S. Subsidiary Guarantors and rank (i) equally in right of payment with any existing and future senior unsecured indebtedness of Visant and the U.S. Subsidiary Guarantors; (ii) senior to all of Visant’s and the U.S. Subsidiary Guarantors’ existing, and any of Visant’s and the U.S. Subsidiary Guarantors’ future, subordinated indebtedness; (iii) effectively junior to all of Visant’s existing and future secured obligations and the existing and future secured obligations of the U.S. Subsidiary Guarantors, including indebtedness under the Credit Facilities, to the extent of the value of the assets securing such obligations; and (iv) structurally subordinated to all liabilities of Visant’s existing and future subsidiaries that do not guarantee the Senior Notes. The Senior Notes are redeemable, in whole or in part, under certain circumstances. Upon the occurrence of certain change of control events, the holders have the right to require Visant to offer to purchase the Senior Notes at 101% of their principal amount, plus accrued and unpaid interest. The Indenture contains restrictive covenants that limit, among other things, the ability of Visant and its restricted subsidiaries to (i) incur additional indebtedness or issue certain preferred stock, (ii) pay dividends on or make other distributions or repurchase capital stock or make other restricted payments, (iii) make investments, (iv) limit dividends or other payments by restricted subsidiaries to Visant or other restricted subsidiaries, (v) create liens on pari passu or subordinated indebtedness without securing the notes, (vi) sell certain assets or merge with or into other companies or otherwise dispose of all or substantially all of Visant’s assets, (vii) enter into certain transactions with affiliates and (viii) designate Visant’s subsidiaries as unrestricted subsidiaries. The Indenture also contains customary events of default, including the failure to make timely payments on the Senior Notes or other material indebtedness, the failure to satisfy certain covenants and specified events of bankruptcy and insolvency.

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	6 Months Ended
	Jul. 04, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments and Hedging Activities	11. Derivative Financial Instruments and Hedging Activities Risk Management Objective of Using Derivatives The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to economic risks, including interest rate, liquidity and credit risk, primarily by managing the amount, sources and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known or uncertain cash amounts, the value of which are determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing and duration of the Company’s known or expected cash receipts and its known or expected cash payments principally related to the Company’s borrowings. Cash Flow Hedges of Interest Rate Risk The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. During the six months ended July 4, 2015, such derivatives were used to hedge the variable cash flows associated with existing variable-rate debt. As of July 4, 2015, the Company had three outstanding interest rate derivatives with an outstanding aggregate notional amount of $450.0 million. The effective portion of changes in the fair value of derivatives which qualify as and are designated as cash flow hedges is recorded in accumulated other comprehensive loss and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. As of July 4, 2015, there was no ineffectiveness on the outstanding interest rate derivatives. Amounts reported in accumulated other comprehensive loss related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. The Company estimates that $1.9 million will be reclassified as an increase to interest expense through the second fiscal quarter of 2016. The fair value of outstanding derivative instruments as of July 4, 2015 and January 3, 2015 was as follows: Classification in the Consolidated Balance Sheets In thousands July 4, 2015 January 3, 2015 Liability Derivatives: Derivatives designated as hedging instruments Interest rate swaps Other accrued liabilities $ 1,926 $ 2,741 Interest rate swaps Other noncurrent liabilities 599 680 Total $ 2,525 $ 3,421 The following table summarizes the activity of derivative instruments that qualify for hedge accounting as of January 3, 2015 and July 4, 2015 and the impact of such derivative instruments on accumulated other comprehensive loss for the six months ended July 4, 2015: In thousands January 3, 2015 Amount of loss Amount of loss July 4, 2015 Interest rate swaps designated as cash flow hedges $ (3,421 ) $ (546 ) $ 1,442 $ (2,525 ) The following table provides the location in the Company’s financial statements of the recognized gain or loss related to such derivative instruments: Three months ended In thousands July 4, 2015 June 28, 2014 Interest rate swaps designated as cash flow hedges recognized in interest expense $ 721 $ 801 Six months ended In thousands July 4, 2015 June 28, 2014 Interest rate swaps designated as cash flow hedges recognized in interest expense $ 1,442 $ 1,602 Based on an evaluation of the inputs used, the Company has categorized its derivative instruments to be within Level 2 of the fair value hierarchy. Any transfer into or out of a level of the fair value hierarchy is recognized based on the value of the derivative instruments at the end of the applicable reporting period. Non-designated Hedges Derivatives not designated as hedges are not speculative and are used to manage the Company’s exposure to foreign exchange rate movements but do not meet the hedge accounting requirements. Changes in the fair value of derivatives not designated in hedging relationships are recorded directly in earnings. As of each of July 4, 2015 and June 28, 2014, the Company did not have any derivatives outstanding that were not designated as hedges. Credit-risk-related Contingent Features The Company has an agreement with each of its derivative counterparties that contains a provision whereby the Company could be declared in default on its derivative obligations if repayment of the underlying indebtedness is accelerated by the lender due to the Company’s default on such indebtedness. As of July 4, 2015, the termination value of derivatives in a net liability position, which included accrued interest but excluded any adjustment for nonperformance risk, related to these agreements was $2.6 million. As of July 4, 2015, the Company had not posted any collateral related to these agreements. If the Company had breached any of these provisions at July 4, 2015, it could have been required to settle its obligations under the agreements at their termination value of $2.6 million.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jul. 04, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	12. Commitments and Contingencies Forward Purchase Contracts The Company is subject to market risk associated with changes in the price of precious metals. To mitigate the commodity price risk, the Company may from time to time enter into forward contracts to purchase gold, platinum and silver based upon the estimated ounces needed to satisfy projected customer demand. The Company had purchase commitment contracts totaling $8.5 million outstanding as of July 4, 2015 with delivery dates occurring through the first quarter of fiscal 2016. The forward purchase contracts are considered normal purchases and therefore are not subject to the requirements of derivative accounting. As of July 4, 2015, the fair market value of open precious metal forward contracts was $8.2 million based on quoted future prices for each contract.

Income Taxes

Income Taxes	6 Months Ended
	Jul. 04, 2015
Income Tax Disclosure [Abstract]
Income Taxes	13. Income Taxes The estimated full-year effective tax rate for fiscal 2015 is 38.9% before taking into account the impact of $17.3 million of discrete tax items, including non-deductible goodwill impairment charges. The combined effect of the annual estimated effective tax rate and discrete tax items resulted in a reported tax rate of 81.6% for the six-month period ended July 4, 2015. The estimated full-year effective tax rate for fiscal 2014 was 45.9% before taking into account the impact of $0.4 million of discrete tax items. The combined effect of the annual estimated effective tax rate and the discrete tax items resulted in a reported tax rate of 45.3% for the six-month period ended June 28, 2014. The Company recognized a U.S. tax refund claim of $4.2 million and established a corresponding reserve for uncertain tax positions of $3.6 million. The net benefit of $0.6 million is a reduction to income tax expense. The claims relate to recently filed amended tax returns for 2007 through 2010.

Benefit Plans

Benefit Plans	6 Months Ended
	Jul. 04, 2015
Compensation and Retirement Disclosure [Abstract]
Benefit Plans	14. Benefit Plans Pension and Other Postretirement Benefit Plans Net periodic benefit income for pension and other postretirement benefit plans is presented below: Pension benefits Postretirement benefits Three months ended Three months ended In thousands July 4, June 28, July 4, June 28, Service cost $ 365 $ 332 $ — $ — Interest cost 4,030 4,468 9 11 Expected return on plan assets (5,828 ) (5,907 ) — — Amortization of prior service cost — — (69 ) (69 ) Amortization of net actuarial loss 1,093 652 10 11 Net periodic benefit income $ (340 ) $ (455 ) $ (50 ) $ (47 ) Pension benefits Postretirement benefits Six months ended Six months ended In thousands July 4, June 28, July 4, June 28, Service cost $ 730 $ 664 $ — $ — Interest cost 8,059 8,935 17 22 Expected return on plan assets (11,656 ) (11,814 ) — — Amortization of prior service cost — — (138 ) (138 ) Amortization of net actuarial loss 2,185 1,304 19 22 Net periodic benefit income $ (682 ) $ (911 ) $ (102 ) $ (94 ) For the six months ended July 4, 2015, the Company contributed $1.4 million to its non-qualified pension plans. Of these contributions, less than $0.1 million related to the Lehigh non-qualified pension plan. The payments made during the six months ended July 4, 2015 were consistent with the amounts anticipated by the Company as of January 3, 2015. As a result of the July 2014 sale of the Lehigh Direct business, during the third fiscal quarter of 2014, following notice from the plan fund administrator, the Company recorded a charge in income from discontinued operations, net of tax, of $3.4 million, net of tax, related to the estimated withdrawal liability of The Lehigh Press LLC from a multi-employer pension plan under which certain collectively bargained Lehigh Direct production employees participated. The Company settled the outstanding liability in February 2015 and recorded the change in estimate in discontinued operations in the first quarter of 2015.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jul. 04, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	15. Stock-Based Compensation 2004 Stock Option Plan In connection with the closing of the Transactions, Holdco established a new stock option plan, which permits Holdco to grant to key employees and certain other persons of Holdco and its subsidiaries various equity-based awards, including stock options and restricted stock. The plan, currently known as the Third Amended and Restated 2004 Stock Option Plan for Key Employees of Visant Holding Corp. and Subsidiaries (the “2004 Plan”), provides for the issuance of a total of 510,230 shares of Holdco Class A Common Stock. Options granted under the 2004 Plan may consist of time vesting options or performance vesting options. The option exercise period is determined at the time of grant of the option but may not extend beyond the end of the calendar year that is ten calendar years after the date the option is granted. Options granted under the 2004 Plan began expiring in the fourth quarter of 2014. The 1,773 options issued under the 2004 Plan in April 2007 that remain outstanding expire on the tenth anniversary of the grant date, i.e., on or about April 2017. Jostens Long-Term Incentives Certain key Jostens employees participate in Jostens long-term incentive programs. The programs provide for the grant of phantom shares to the participating employee, which are subject to vesting and other terms and conditions and restrictions of the share award, which may include meeting certain performance metrics and continued employment. The grants will be settled in cash in a lump sum amount based on the fair market value of the Class A Common Stock and the number of shares in which the employee has vested. In connection with the program put into place in 2012 (the “2012 LTIP”), payments in the aggregate of $0.5 million were approved for payment on March 11, 2015. Shares not vested under the 2012 LTIP, including based on the respective performance target not being achieved, were forfeited without payment. Certain key Jostens employees received an extraordinary long-term phantom share incentive grant in April 2013 (the “April 2013 Special LTIP”). The grants of phantom shares to the participating employees were made on terms similar to the 2012 LTIP, including that such shares are subject to vesting based on continued employment. The shares vested under the grants will be settled in cash in a lump sum amount based on the fair market value of the Class A Common Stock and the number of shares in which the employee has vested, following the end of fiscal year 2015 (which occurs on January 2, 2016). The awards provide for certain vesting and settlement of the vested award following the occurrence of certain termination of employment events prior to January 2, 2016, as described therein. The awards are also subject to certain agreements by the employee as to confidentiality, non-competition and non-solicitation to which the employee is bound during his or her employment and for two years following a separation of service. During the third quarter of 2013, Jostens implemented a long-term phantom share incentive program with certain of Jostens’ key employees (the “Jostens 2013 LTIP”). The grants of phantom shares to the participating employees were made on terms similar to the 2012 LTIP and the April 2013 Special LTIP, provided that, with certain limited exceptions, the shares are subject to vesting based solely on continued employment. The shares vested under the grants will be settled in cash in a lump sum amount based on the fair market value of the Class A Common Stock and the number of shares in which the employee has vested, following the end of fiscal year 2015 (which occurs on January 2, 2016). The awards provide for certain vesting and settlement of the vested award following the occurrence of certain termination of employment events prior to January 2, 2016, as described therein. During the fourth quarter of 2014, Jostens implemented a long-term phantom share incentive program with certain of Jostens’ key employees (the “Jostens 2014 LTIP”). The grants of phantom shares to the participating employees were made on terms similar to the Jostens 2013 LTIP, provided that fifty percent (50%) of each employee’s award is a time vesting grant of phantom shares and fifty percent (50%) is a performance vesting grant of a cash award opportunity. The time vesting award will become vested as to one hundred percent (100%) of the shares upon the earlier to occur of a change in control (as defined in the award letter) or January 15, 2017, subject to continued employment through the respective date; the performance vesting award will become vested upon the earlier to occur of a change in control or January 15, 2017, provided that if the vesting event is January 15, 2017, the performance vesting award shall vest subject only to Jostens having met certain performance targets and, in either case, continued employment. The awards provide for certain vesting and settlement of the time vesting award upon an employee’s death or disability (as defined in the award letter) based on the period of employment from the grant date, or, in the case of an employee’s termination without cause, within 120 days prior to January 15, 2017, vesting of the time vesting award and the performance vesting award, in the latter case, so long as the performance targets are otherwise met. The shares that vest under the time vesting award will be settled in cash in a lump sum amount based on the fair market value of the Class A Common Stock and the number of shares in which the employee has vested under the time vesting award, as of the respective determination date. A performance vesting award that vests will be settled at the amount of cash equal to the performance vesting award opportunity. During the first quarter of 2015, a long-term phantom share incentive was given to Jostens CEO, Chuck Mooty, who is also a member of the Company’s Board of Directors. A portion of the award is a time vesting award (“Time Vesting Award”) which vests 100% on the earlier of a change in control of the Company or January 15, 2018. There is no partial vesting of the Time Vesting Award. The Time Vesting Award provides for certain vesting and settlement of the award upon the employee’s death or disability (as defined in the award letter) based on the period of employment from the grant date, or in the case of an employee’s termination without cause by the Company or termination with good reason (as defined by the award letter). The other portion of the incentive is time and performance vesting awards (“Time and Performance Vesting Awards”) which vest on the earlier of a change in control of the Company or January 15, 2018, subject to the achievement of certain performance targets related to EBITDA and capital spending. There is no partial vesting of the Time and Performance Vesting Awards. The Time and Performance Vesting Awards provide for certain vesting and settlement of the awards upon an employee’s death or disability (as defined in the award letter) based on the period of employment from the grant date, or in the case of an employee’s termination without cause within 120 days prior to January 15, 2018, vesting of the Time and Performance Vesting Awards, in the latter case, so long as the performance targets are otherwise met. The shares that vest under the Time Vesting Award will be settled in cash in a lump sum amount based on the fair market value of the Class A Common Stock and the number of shares in which the employee has vested under the Time Vesting Award, as of the respective determination date. The Time and Performance Vesting Awards that vest will be settled at the amount of cash equal to the performance vesting award opportunity. The Company has issued and may from time to time issue phantom equity in the form of phantom shares or earned appreciation rights to certain employees of its other subsidiaries for the purpose of assuring retention of talent aligned with long-term performance and strategic objectives. The following table summarizes the long-term incentive activity for the Company: 2015 Units in thousands Activity Outstanding at January 3, 2015 136 Granted 127 Settled/Paid (18 ) Forfeited/Cancelled (2 ) Outstanding at July 4, 2015 243 Vested or expected to vest at July 4, 2015 243 For the three months ended July 4, 2015 and June 28, 2014, Visant recognized total stock-based compensation expense of $0.6 million and $0.4 million, respectively. For the six months ended July 4, 2015 and June 28, 2014, Visant recognized total stock-based compensation expense of $1.2 million and $0.8 million, respectively. Stock-based compensation is included in selling and administrative expenses. As of July 4, 2015, there was $6.3 million of unrecognized stock-based compensation expense related to the long-term incentive plans to be recognized over a weighted-average period of 2.2 years. Common Stock Visant is an indirect, wholly-owned subsidiary of Holdco. The Sponsors hold shares of the Class A Common Stock of Holdco, and additionally Visant’s equity-based incentive compensation plans are based on the value of the Class A Common Stock. There is no established public market for the Class A Common Stock. The fair market value of the Class A Common Stock is established pursuant to the terms of the 2004 Plan and is determined by a third party valuation, and the methodology to determine the fair market value under the equity incentive plans does not give effect to any premium for control or discount for minority interests or restrictions on transfers. Fair value includes any premium for control or discount for minority interests or restrictions on transfers. Holdco used a discounted cash flow analysis and selected public company analysis to determine the enterprise value and share price for the Class A Common Stock.

Business Segments

Business Segments	6 Months Ended
	Jul. 04, 2015
Segment Reporting [Abstract]
Business Segments	16. Business Segments The Company’s three reportable segments consist of: • Scholastic — provides services in conjunction with the marketing, sale and production of class rings and an array of graduation products and other scholastic affinity products to students and administrators primarily in high schools, colleges and other post-secondary institutions; • Memory Book • Publishing and Packaging Services — The following table presents information of the Company by business segment. Three months ended July 4, June 28, In thousands 2015 2014 $ Change % Change Net sales Scholastic $ 120,021 $ 127,152 $ (7,131 ) (5.6 %) Memory Book 239,364 240,241 $ (877 ) (0.4 %) Publishing and Packaging Services 20,995 22,298 $ (1,303 ) (5.8 %) Inter-segment eliminations (11 ) (247 ) $ 236 NM $ 380,369 $ 389,444 $ (9,075 ) (2.3 %) Operating income (loss) Scholastic $ 26,169 $ 22,822 $ 3,347 14.7 % Memory Book 116,915 117,873 $ (958 ) (0.8 %) Publishing and Packaging Services (51,175 ) 1,911 $ (53,086 ) NM $ 91,909 $ 142,606 $ (50,697 ) (35.6 %) Depreciation and Amortization Scholastic $ 3,043 $ 2,881 $ 162 5.6 % Memory Book 6,831 6,525 $ 306 4.7 % Publishing and Packaging Services 3,469 3,425 $ 44 1.3 % $ 13,343 $ 12,831 $ 512 4.0 % NM = Not meaningful Six months ended July 4, June 28, In thousands 2015 2014 $ Change % Change Net sales Scholastic $ 262,360 $ 266,265 $ (3,905 ) (1.5 %) Memory Book 245,604 245,624 $ (20 ) (0.0 %) Publishing and Packaging Services 42,051 46,614 $ (4,563 ) (9.8 %) Inter-segment eliminations (36 ) (491 ) $ 455 NM $ 549,979 $ 558,012 $ (8,033 ) (1.4 %) Operating income (loss) Scholastic $ 49,096 $ 43,081 $ 6,015 14.0 % Memory Book 107,279 108,931 $ (1,652 ) (1.5 %) Publishing and Packaging Services (49,983 ) 3,969 $ (53,952 ) NM $ 106,392 $ 155,981 $ (49,589 ) (31.8 %) Depreciation and Amortization Scholastic $ 9,740 $ 8,889 $ 851 9.6 % Memory Book 10,002 9,715 $ 287 3.0 % Publishing and Packaging Services 6,995 6,865 $ 130 1.9 % $ 26,737 $ 25,469 $ 1,268 5.0 % NM = Not meaningful

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jul. 04, 2015
Related Party Transactions [Abstract]
Related Party Transactions	17. Related Party Transactions Management Services Agreement In connection with the Transactions, Holdco entered into a management services agreement with the Sponsors pursuant to which the Sponsors provide certain structuring, consulting and management advisory services. Under the management services agreement, during the term the Sponsors receive an annual advisory fee of $3.0 million that is payable quarterly and which increases by 3% per year. Holdco incurred advisory fees from the Sponsors of $1.0 million as of each of the three-month periods ended July 4, 2015 and June 28, 2014. The Company incurred advisory fees from the Sponsors of $2.0 million as of each of the six-month periods ended July 4, 2015 and June 28, 2014. The management services agreement also provides that Holdco will indemnify the Sponsors and their affiliates, directors, officers and representatives for losses relating to the services contemplated by the management services agreement and the engagement of the Sponsors pursuant to, and the performance by the Sponsors of the services contemplated by, the management services agreement. Other KKR Capstone is a team of operational professionals who work exclusively with KKR’s investment professionals and portfolio company management teams to enhance and strengthen operations. The Company has retained KKR Capstone from time to time to provide certain of its businesses with consulting services primarily to help identify and implement operational improvements and other strategic efforts within its businesses. Certain of the lenders under the Credit Facilities and their affiliates have engaged, and may in the future engage, in investment banking, commercial banking and other financial advisory and commercial dealings with Visant and its affiliates. Such parties have received (or will receive) customary fees and commissions for these transactions. KKR Capital Markets LLC, an affiliate of one of our Sponsors, assisted in placing the Credit Facilities, for which it received customary fees. KKR Capital Markets LLC and its affiliates have engaged in, and may in the future engage in, investment banking and other commercial dealings in the ordinary course of business with the Company or its affiliates. They have received, or may in the future receive, customary fees and commissions for these transactions. The Company is a party to an agreement with CoreTrust Purchasing Group (“CoreTrust”), a group purchasing organization, pursuant to which the Company avails itself of the terms and conditions of the CoreTrust purchasing organization for certain purchases, including its prescription drug benefit program. KKR Capstone is a party to an agreement with CoreTrust which permits certain KKR portfolio companies, including Visant, the benefit of utilizing the CoreTrust group purchasing program. CoreTrust receives payment of fees for administrative and other services provided by CoreTrust from certain vendors based on the products and services purchased by the Company and other parties, and CoreTrust shares a portion of such fees with KKR Capstone.

Condensed Consolidating Guarant

Condensed Consolidating Guarantor Information	6 Months Ended
	Jul. 04, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Guarantor Information	18. Condensed Consolidating Guarantor Information As discussed in Note 10, Debt CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) Three months ended July 4, 2015 In thousands Visant Guarantors Non- Eliminations Total Net sales $ — $ 375,936 $ 9,385 $ (4,952) $ 380,369 Cost of products sold — 139,497 4,585 (4,952 ) 139,130 Gross profit — 236,439 4,800 — 241,239 Selling and administrative expenses 745 91,842 2,575 — 95,162 Gain on disposal of assets — (6 ) — — (6 ) Special charges 565 53,609 — — 54,174 Operating (loss) income (1,310 ) 90,994 2,225 — 91,909 Equity in income of affiliate (6,490 ) — — — (6,490 ) Interest expense, net 34,656 32,952 3 (32,509 ) 35,102 (Loss) income before income taxes (29,476 ) 58,042 2,222 32,509 63,297 (Benefit from) provision for income taxes (1,055 ) 41,884 471 — 41,300 (Loss) income from continuing operations (28,421 ) 16,158 1,751 32,509 21,997 (Loss) income from discontinued operations, net of tax (42 ) 109 — — 67 Earnings in subsidiary, net of tax (50,527 ) (1,751 ) — 52,278 — Net income $ 22,064 $ 18,018 $ 1,751 $ (19,769 ) $ 22,064 Comprehensive loss $ 20,143 $ 18,639 $ (1,171 ) $ (17,468 ) $ 20,143 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (UNAUDITED) Three months ended June 28, 2014 In thousands Visant Guarantors Non- Eliminations Total Net sales $ — $ 382,088 $ 11,625 $ (4,269) $ 389,444 Cost of products sold — 143,051 6,148 (4,269 ) 144,930 Gross profit — 239,037 5,477 — 244,514 Selling and administrative expenses 2,332 92,555 2,890 — 97,777 Gain on disposal of assets — (122 ) — — (122 ) Special charges — 4,099 154 — 4,253 Operating income (loss) (2,332 ) 142,505 2,433 — 142,606 Interest expense, net 38,244 32,991 215 (32,835 ) 38,615 (Loss) income before income taxes (40,576 ) 109,514 2,218 32,835 103,991 Provision for income taxes 2,497 44,388 634 — 47,519 (Loss) income from continuing operations (43,073 ) 65,126 1,584 32,835 56,472 Income from discontinued operations, net of tax 4,980 1,825 856 8 7,669 Earnings in subsidiary, net of tax (102,234 ) (2,440 ) — 104,674 — Net income $ 64,141 $ 69,391 $ 2,440 $ (71,831 ) $ 64,141 Comprehensive income $ 64,584 $ 69,749 $ 2,542 $ (72,291 ) $ 64,584 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) Six months ended July 4, 2015 In thousands Visant Guarantors Non- Eliminations Total Net sales $ — $ 543,819 $ 11,256 $ (5,096) $ 549,979 Cost of products sold — 207,826 5,951 (5,096 ) 208,681 Gross profit — 335,993 5,305 — 341,298 Selling and administrative expenses 914 174,552 3,728 — 179,194 Gain on disposal of assets — (341 ) — — (341 ) Special charges 2,333 53,720 — — 56,053 Operating (loss) income (3,247 ) 108,062 1,577 — 106,392 Equity in income of affiliate (4,669 ) — — — (4,669 ) Interest expense, net 69,604 66,110 4 (65,258 ) 70,460 (Loss) income before income taxes (68,182 ) 41,952 1,573 65,258 40,601 (Benefit from) provision for income taxes (1,374 ) 34,209 299 — 33,134 Income (loss) from continuing operations (66,808 ) 7,743 1,274 65,258 7,467 Income from discontinued operations, net of tax 64 109 — — 173 Earnings in subsidiary, net of tax (74,384 ) (1,274 ) — 75,658 — Net income $ 7,640 $ 9,126 $ 1,274 $ (10,400 ) $ 7,640 Comprehensive income $ 6,165 $ 10,369 $ (2,003 ) $ (8,366 ) $ 6,165 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) Six months ended June 28, 2014 In thousands Visant Guarantors Non- Eliminations Total Net sales $ — $ 549,509 $ 13,570 $ (5,067) $ 558,012 Cost of products sold — 212,893 7,037 (5,067 ) 214,863 Gross profit — 336,616 6,533 — 343,149 Selling and administrative expenses (180 ) 177,798 4,276 — 181,894 Gain on disposal of assets — (325 ) — — (325 ) Special charges — 4,972 627 — 5,599 Operating income 180 154,171 1,630 — 155,981 Interest expense, net 76,672 66,329 423 (66,026 ) 77,398 (Loss) income before income taxes (76,492 ) 87,842 1,207 66,026 78,583 (Benefit from) provision for income taxes (1,484 ) 36,700 411 — 35,627 (Loss) income from continuing operations (75,008 ) 51,142 796 66,026 42,956 Income from discontinued operations, net of tax 398 8,707 2,037 142 11,284 Earnings in subsidiary, net of tax (128,850 ) (2,833 ) — 131,683 — Net income $ 54,240 $ 62,682 $ 2,833 $ (65,515 ) $ 54,240 Comprehensive income $ 55,299 $ 63,398 $ 2,843 $ (66,241 ) $ 55,299 CONDENSED CONSOLIDATING BALANCE SHEET (UNAUDITED) July 4, 2015 In thousands Visant Guarantors Non- Eliminations Total ASSETS Cash and cash equivalents $ 52,909 $ (1,475 ) $ 2,078 $ — $ 53,512 Accounts receivable, net 1,801 68,695 1,898 (431 ) 71,963 Inventories — 55,840 2,125 — 57,965 Salespersons overdrafts, net — 9,576 623 — 10,199 Income tax receivable 4,271 — — — 4,271 Prepaid expenses and other current assets 763 12,550 35 — 13,348 Intercompany receivable 17,772 — — (17,772 ) — Deferred income taxes 5,532 14,093 — — 19,625 Current assets of discontinued operations 573 1,222 — — 1,795 Total current assets 83,621 160,501 6,759 (18,203 ) 232,678 Property, plant and equipment, net 31 118,314 415 — 118,760 Goodwill — 671,791 23,673 — 695,464 Intangibles, net — 324,708 8,235 — 332,943 Deferred financing costs, net 22,005 — — — 22,005 Deferred income taxes — — 1,915 — 1,915 Intercompany receivable 1,579,412 110,241 — (1,689,653 ) — Other assets 33,257 11,678 358 — 45,293 Investment in subsidiaries 886,967 92,086 — (979,053 ) — Total assets $ 2,605,293 $ 1,489,319 $ 41,355 $ (2,686,909 ) $ 1,449,058 LIABILITIES AND STOCKHOLDER’S (DEFICIT) EQUITY Accounts payable $ 2,094 $ 22,976 $ 1,849 $ (431 ) $ 26,488 Accrued employee compensation and related taxes 4,692 14,141 369 — 19,202 Customer deposits — 61,019 4,605 — 65,624 Commissions payable — 25,414 243 — 25,657 Income taxes payable (13,797 ) 36,183 (465 ) — 21,921 Interest payable 19,945 54 — — 19,999 Current portion of long-term debt and capital leases 7,755 1,112 5 — 8,872 Intercompany payable — 17,772 — (17,772 ) — Other accrued liabilities 6,286 18,412 (89 ) 2 24,611 Current liabilities of discontinued operations 6,816 26 — — 6,842 Total current liabilities 33,791 197,109 6,517 (18,201 ) 219,216 Long-term debt and capital leases - less current maturities 1,484,035 1,581,587 16 (1,579,412 ) 1,486,226 Intercompany payable 1,529,335 (1,379,686 ) (57,264 ) (92,385 ) — Deferred income taxes (11,468 ) 117,026 — — 105,558 Pension liabilities, net 22,601 66,005 — — 88,606 Other noncurrent liabilities 7,134 20,311 — — 27,445 Total liabilities 3,065,428 602,352 (50,731 ) (1,689,998 ) 1,927,051 Stockholder’s (deficit) equity (460,135 ) 886,967 92,086 (996,911 ) (477,993 ) Total liabilities, mezzanine equity and stockholders’ deficit $ 2,605,293 $ 1,489,319 $ 41,355 $ (2,686,909 ) $ 1,449,058 CONDENSED CONSOLIDATING BALANCE SHEET January 3, 2015 In thousands Visant Guarantors Non- Eliminations Total ASSETS Cash and cash equivalents $ 48,603 $ (1,565 ) $ 2,582 $ — $ 49,620 Accounts receivable, net 903 50,674 1,714 — 53,291 Inventories — 82,804 2,180 — 84,984 Salespersons overdrafts, net — 18,267 972 — 19,239 Prepaid expenses and other current assets 1,329 17,111 36 — 18,476 Income tax receivable 14,702 — — — 14,702 Intercompany receivable 26,722 912 68 (27,702 ) — Deferred income taxes 5,837 14,093 — — 19,930 Current assets of discontinued operations 2,380 — — — 2,380 Total current assets 100,476 182,296 7,552 (27,702 ) 262,622 Property, plant and equipment, net 47 118,569 529 — 119,145 Goodwill — 725,091 23,795 — 748,886 Intangibles, net — 330,353 8,245 — 338,598 Deferred financing costs, net 24,290 — — — 24,290 Deferred income taxes — — 1,782 — 1,782 Intercompany receivable 168,398 104,854 58,568 (331,820 ) — Other assets 31,471 10,020 198 — 41,689 Investment in subsidiaries 876,598 94,089 — (970,687 ) — Long-term assets of discontinued operations — 1,000 — — 1,000 Total assets $ 1,201,280 $ 1,566,272 $ 100,669 $ (1,330,209 ) $ 1,538,012 LIABILITIES AND STOCKHOLDER’S (DEFICIT) EQUITY Accounts payable $ 5,276 $ 21,157 $ 233 $ — $ 26,666 Accrued employee compensation and related taxes 6,089 19,806 375 — 26,270 Commissions payable — 7,047 429 — 7,476 Customer deposits — 171,958 5,934 — 177,892 Income taxes payable 1,123 (661 ) (457 ) — 5 Interest payable 19,830 74 — — 19,904 Current portion of long-term debt and capital leases 7,760 1,758 6 — 9,524 Intercompany payable 883 26,819 — (27,702 ) — Other accrued liabilities 5,139 20,712 40 — 25,891 Current liabilities of discontinued operations 7,249 300 — — 7,549 Total current liabilities 53,349 268,970 6,560 (27,702 ) 301,177 Long-term debt and capital leases—less current maturities 1,487,002 2,606 20 — 1,489,628 Intercompany payable 104,859 209,103 — (313,962 ) — Deferred income taxes (11,174 ) 119,244 — — 108,070 Pension liabilities, net 22,300 70,427 — — 92,727 Other noncurrent liabilities 4,854 19,435 — — 24,289 Long-term liabilities of discontinued operations 4,933 (111 ) — — 4,822 Total liabilities 1,666,123 689,674 6,580 (341,664 ) 2,020,713 Mezzanine equity 11 — — — 11 Stockholder’s (deficit) equity (464,854 ) 876,598 94,089 (988,545 ) (482,712 ) Total liabilities, mezzanine equity and stockholders’ deficit $ 1,201,280 $ 1,566,272 $ 100,669 $ (1,330,209 ) $ 1,538,012 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) Six months ended July 4, 2015 In thousands Visant Guarantors Non- Eliminations Total Net income $ 7,640 $ 9,126 $ 1,274 $ (10,400) $ 7,640 Other cash (used in) provided by operating activities (149 ) 13,956 (1,598 ) 10,400 22,609 Net cash used in discontinued operations (3,496 ) (189 ) — — (3,685 ) Net cash provided by (used in) operating activities 3,995 22,893 (324 ) — 26,564 Purchases of property, plant and equipment — (16,477 ) — — (16,477 ) Proceeds from sale of property and equipment — 606 — — 606 Intercompany payable (receivable) 286 (5,382 ) — 5,096 — Net cash provided by (used in) investing activities 286 (21,253 ) — 5,096 (15,871 ) Repayments of long-term debt and capital leases (3,880 ) (1,264 ) (1 ) — (5,145 ) Intercompany payable 5,382 (286 ) — (5,096 ) — Distribution to shareholder (1,457 ) — — — (1,457 ) Debt financing costs (20 ) — — — (20 ) Net cash provided by (used in) financing activities 25 (1,550 ) (1 ) (5,096 ) (6,622 ) Effect of exchange rate changes on cash and cash equivalents — — (179 ) — (179 ) Increase (decrease) in cash and cash equivalents 4,306 90 (504 ) — 3,892 Cash and cash equivalents, beginning of period 48,603 (1,565 ) 2,582 — 49,620 Cash and cash equivalents, end of period $ 52,909 $ (1,475) $ 2,078 $ — $ 53,512 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) Six months ended June 28, 2014 In thousands Visant Guarantors Non- Eliminations Total Net income $ 54,240 $ 62,682 $ 2,833 $ (65,515 ) $ 54,240 Other cash used in operating activities (62,599 ) (17,246 ) (2,636 ) 65,515 (16,966 ) Net cash (used in) provided by discontinued operations (9,556 ) 22,466 (118 ) — 12,792 Net cash (used in) provided by operating activities (17,915 ) 67,902 79 — 50,066 Purchases of property, plant and equipment — (13,284 ) — — (13,284 ) Proceeds from sale of property and equipment — 397 — — 397 Intercompany receivable 5,575 (45,068 ) — 39,493 — Net cash used in discontinued operations — (1,463 ) (270 ) — (1,733 ) Net cash used in investing activities 5,575 (59,418 ) (270 ) 39,493 (14,620 ) Repayments of long-term debt and capital leases (4 ) (1,648 ) (2 ) — (1,654 ) Proceeds from issuance of long-term debt — 159 — — 159 Intercompany receivable 45,068 (5,575 ) — (39,493 ) — Excess tax benefit from share based arrangements 36 — — — 36 Distribution to shareholder (1,121 ) — — — (1,121 ) Net cash used in discontinued operations — (955 ) (184 ) — (1,139 ) Net cash provided by (used in) financing activities 43,979 (8,019 ) (186 ) (39,493 ) (3,719 ) Effect of exchange rate changes on cash and cash equivalents — — (25 ) — (25 ) Increase (Decrease) in cash and cash equivalents 31,639 465 (402 ) — 31,702 Cash and cash equivalents, beginning of period 83,633 2,695 9,714 — 96,042 Cash and cash equivalents, end of period $ 115,272 $ 3,160 $ 9,312 $ — $ 127,744

Subsequent Events

Subsequent Events	6 Months Ended
	Jul. 04, 2015
Subsequent Events [Abstract]
Subsequent Events	19. Subsequent Events On August 14, 2015, Visant announced the sale of Phoenix Color Corporation and its subsidiaries (“Phoenix”), which comprised Visant’s Publishing and Packaging Services segment, for $90.0 million in cash proceeds, less costs and certain post-closing adjustments. Visant anticipates using the net proceeds to repay certain indebtedness. As a result of this transaction, the Company recorded a $53.3 million goodwill impairment loss as of July 4, 2015 as discussed in Note 9, Goodwill and Other Intangible Assets

Overview and Basis of Present25

Overview and Basis of Presentation (Policies)	6 Months Ended
	Jul. 04, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The unaudited condensed consolidated financial statements included herein are for Visant and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The accompanying unaudited condensed consolidated financial statements of Visant and its subsidiaries are presented pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”) in accordance with disclosure requirements for the quarterly report on Form 10-Q. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the interim periods presented are not necessarily indicative of the results that may be expected for the full year. These financial statements should be read in conjunction with the consolidated financial statements and footnotes included in Visant’s Annual Report on Form 10-K for the fiscal year ended January 3, 2015. Our accounting policies are described in the Notes to the consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended January 3, 2015. As a result of the dispositions of the Lehigh Direct operations of the Lehigh Press LLC and of Arcade during the third quarter of 2014, the results of these businesses, which comprised a portion of Visant’s Marketing and Publishing Services segment, have been reclassified on the condensed consolidated statement of operations to a single line captioned “Income from discontinued operations, net of tax.” Previously, the results of these businesses included certain allocated corporate costs, which costs have been reallocated to the remaining continuing operations on a retrospective basis, which continuing operations are now comprised of the Company’s Scholastic and Memory Book segments along with its book component and packaging operations, which are included under the renamed Publishing and Packaging Services segment. Results for all periods disclosed in this report are exclusive of these discontinued operations. Refer to Note 4, Discontinued Operations, The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
Recent Accounting Pronouncements	Recent Accounting Pronouncements On May 28, 2014, the FASB issued Accounting Standards Update 2014-09 (“ASU 2014-09”), which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. ASU 2014-09 applies to all contracts with customers except those that are within the scope of other topics in the FASB codification. ASU 2014-09 is effective for annual periods (including interim periods within those periods) beginning after December 15, 2016 for public entities. Early adoption is not permitted. Implementation may be either through retrospective application to each period from the first quarter of 2015 or with a cumulative effect adjustment upon adoption in 2017. Additional disclosures will also be required under the new standard. In July 2015, the FASB approved a proposal to extend the required implementation date one year to the first quarter of 2018 which will also permit companies to adopt the standard at the original effective date of 2017. The Company is currently evaluating the impact and disclosure of this guidance on its financial statements. On June 19, 2014, the FASB issued Accounting Standards Update 2014-12 (“ASU 2014-12”), which clarifies that entities should treat performance targets that can be met after the requisite service period of a share-based payment award as performance conditions that affect vesting. Therefore, an entity would not record compensation expense (measured as of the grant date without taking into account the effect of the performance target) related to an award for which transfer to the employee is contingent on the entity’s satisfaction of a performance target until it becomes probable that the performance target will be met. ASU 2014-12 is effective for all entities for annual periods (including interim periods within those periods) beginning after December 15, 2015, with early adoption permitted. All entities will have the option of applying the guidance either prospectively (i.e., only to awards granted or modified on or after the effective date of ASU 2014-12) or retrospectively. The Company is currently evaluating the impact and disclosure of this guidance on its financial statements. On April 7, 2015, the FASB issued Accounting Standards Update 2015-03 (“ASU 2015-03”), which changes the presentation of debt issuance costs in financial statements. Under the ASU, an entity presents such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the costs is reported as interest expense. ASU 2015-03 is effective for annual periods (including interim periods within those periods) beginning after December 15, 2015. Early adoption is allowed for all entities for financial statements that have not been previously issued. Entities should apply the guidance retrospectively. The Company is currently evaluating the impact and disclosure of this guidance on its financial statements.

Restructuring Activity and Ot26

Restructuring Activity and Other Special Charges (Tables)	6 Months Ended
	Jul. 04, 2015
Termination of Multi-Year Marketing and Sponsorship Arrangement [Member]
Schedule of Changes in Restructuring Accruals	Changes in the Multi-Year Marketing and Sponsorship Arrangement accrual during the first six months of fiscal 2015 were as follows: In thousands Balance at January 3, 2015 $ 3,644 Payments (1,191 ) Balance at July 4, 2015 $ 2,453
Employee Severance [Member]
Schedule of Changes in Restructuring Accruals	Changes in the severance and related benefits accruals during the first six months of fiscal 2015 were as follows: In thousands 2015 2014 2013 Total Balance at January 3, 2015 $ — $ 1,415 $ 26 $ 1,441 Restructuring charges 2,782 (29 ) — 2,753 Severance, benefits and other payments (1,342 ) (744 ) (21 ) (2,107 ) Balance at July 4, 2015 $ 1,440 $ 642 $ 5 $ 2,087

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jul. 04, 2015
Discontinued Operations and Disposal Groups [Abstract]
Income from Discontinued Operations, Net of Tax in Condensed Consolidated Statement of Operations and Comprehensive Income	Included in income from discontinued operations, net of tax in the Condensed Consolidated Statement of Operations and Comprehensive Income were the following: Three months ended Six months ended July 4, June 28, July 4, June 28, In thousands 2015 2014 2015 2014 Net sales $ — $ 54,881 $ — $ 129,907 Cost of products sold — 40,613 (174 ) 92,701 Gross profit — 14,268 174 37,206 Selling and administrative expenses — 12,835 6 25,860 Loss (gain) on disposal of assets — (22 ) — (22 ) Special charges — — — 401 Operating income — 1,455 168 10,967 Interest expense, net (108 ) 29 (108 ) 41 Income before income taxes 108 1,426 276 10,926 Provision for income taxes 41 (6,243 ) 103 (358 ) Net income from discontinued operations $ 67 $ 7,669 $ 173 $ 11,284

Accumulated Other Comprehensi28

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jul. 04, 2015
Equity [Abstract]
Summary of Changes in Accumulated Other Comprehensive Loss by Component	The changes in accumulated other comprehensive loss (“AOCL”), by component, for the three and six months ended July 4, 2015 were as follows: In thousands Fair Value of Foreign Currency Pension and Total Balance as of April 4, 2015 $ (1,964 ) $ 797 $ (70,380 ) $ (71,547 ) Change in fair value of derivatives, net of tax of less than $(0.1) million (70 ) — — (70 ) Change in cumulative translation adjustment — (2,922 ) — (2,922 ) Change in pension and other postretirement benefit plans, net of tax of $0.4 million — — 621 621 Amounts reclassified from AOCL, net of tax of $0.3 million 450 — — 450 Balance as of July 4, 2015 $ (1,584 ) $ (2,125 ) $ (69,759 ) $ (73,468 ) In thousands Fair Value of Foreign Currency Pension and Total Balance as of January 3, 2015 $ (2,143 ) $ 1,152 $ (71,002 ) $ (71,993 ) Change in fair value of derivatives, net of tax of $(0.2) million (342 ) — — (342 ) Change in cumulative translation adjustment — (3,277 ) — (3,277 ) Change in pension and other postretirement benefit plans, net of tax of $0.8 million — — 1,243 1,243 Amounts reclassified from AOCL, net of tax of $0.5 million 901 — — 901 Balance as of July 4, 2015 $ (1,584 ) $ (2,125 ) $ (69,759 ) $ (73,468 ) The changes in AOCL, by component, for the three and six months ended June 28, 2014 were as follows: In thousands Fair Value of Foreign Currency Pension and Total Balance as of March 29, 2014 $ (3,021 ) $ 3,837 $ (40,914 ) $ (40,098 ) Change in fair value of derivatives, net of tax of $(0.3) million (519 ) — — (519 ) Change in cumulative translation adjustment — 102 — 102 Change in pension and other postretirement benefit plans, net of tax of $0.2 million — — 358 358 Amounts reclassified from AOCL, net of tax of $0.3 million 502 — — 502 Balance as of June 28, 2014 $ (3,038 ) $ 3,939 $ (40,556 ) $ (39,655 ) In thousands Fair Value of Foreign Currency Pension and Total Balance as of December 28, 2013 $ (3,371 ) $ 3,929 $ (41,272 ) $ (40,714 ) Change in fair value of derivatives, net of tax of $(0.4) million (670 ) — — (670 ) Change in cumulative translation adjustment — 10 — 10 Change in pension and other postretirement benefit plans, net of tax of $0.5 million — — 716 716 Amounts reclassified from AOCL, net of tax of $0.6 million 1,003 — — 1,003 Balance as of June 28, 2014 $ (3,038 ) $ 3,939 $ (40,556 ) $ (39,655 )

Accounts Receivable (Tables)

Accounts Receivable (Tables)	6 Months Ended
	Jul. 04, 2015
Receivables [Abstract]
Schedule of Accounts Receivable	Net accounts receivable were comprised of the following: July 4, January 3, In thousands 2015 2015 Trade receivables $ 85,270 $ 60,074 Allowance for doubtful accounts (4,474 ) (4,178 ) Allowance for sales returns (8,833 ) (2,605 ) Accounts receivable, net $ 71,963 $ 53,291

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jul. 04, 2015
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories were comprised of the following: July 4, January 3, In thousands 2015 2015 Raw materials and supplies $ 21,541 $ 20,376 Work-in-process 15,794 36,108 Finished goods 20,630 28,500 Inventories $ 57,965 $ 84,984

Goodwill and Other Intangible31

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jul. 04, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Change in Carrying Amount of Goodwill	The change in the carrying amount of goodwill is as follows: In thousands Scholastic Memory Book Publishing and Total Balance at January 3, 2015 $ 300,663 $ 391,178 $ 57,045 $ 748,886 Goodwill additions during the period — — — — Goodwill impairment — — (53,300 ) (53,300 ) Currency translation (122 ) — — (122 ) Balance at July 4, 2015 $ 300,541 $ 391,178 $ 3,745 $ 695,464 In thousands Scholastic Memory Book Publishing and Total Balance at December 28, 2013 $ 300,857 $ 391,178 $ 57,045 $ 749,080 Goodwill additions during the period — — — — Currency translation 24 — — 24 Balance at June 28, 2014 $ 300,881 $ 391,178 $ 57,045 $ 749,104
Schedule of Information Regarding Other Intangible Assets	Information regarding other intangible assets is as follows: July 4, 2015 January 3, 2015 In thousands Weighted useful life Gross Accumulated Net Gross Accumulated Net School relationships 10 years $ 330,000 $ (330,000 ) $ — $ 330,000 $ (330,000 ) $ — Internally developed software 4.5 years 8,600 (8,600 ) — 8,600 (8,600 ) — Patented/unpatented technology 3 years 12,774 (12,774 ) — 12,774 (12,478 ) 296 Customer relationships 16.5 years 154,714 (82,747 ) 71,967 154,205 (77,936 ) 76,269 Trademarks (definite lived) 20 years 450 (159 ) 291 434 (115 ) 319 Restrictive covenants 4.9 years 34,381 (16,996 ) 17,385 30,932 (12,518 ) 18,414 540,919 (451,276 ) 89,643 536,945 (441,647 ) 95,298 Trademarks Indefinite 243,300 — 243,300 243,300 — 243,300 $ 784,219 $ (451,276 ) $ 332,943 $ 780,245 $ (441,647 ) $ 338,598

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jul. 04, 2015
Debt Disclosure [Abstract]
Schedule of Debt Obligations	Debt obligations as of July 4, 2015 and January 3, 2015 consisted of the following: July 4, January 3, In thousands 2015 2015 Senior secured term loan facility, net of original issue discount of $14.1 million, Term Loan variable rate, 7.00% at July 4, 2015, with quarterly interest payments, principal due and payable at maturity - September 2021 $ 755,115 $ 758,078 Senior notes, 10.00% fixed rate, with semi-annual interest payments of $36.8 million in April and October, principal due and payable at maturity - October 2017 736,670 736,670 1,491,785 1,494,748 Equipment financing arrangements 2,481 3,508 Capital lease obligations 832 896 Total debt $ 1,495,098 $ 1,499,152

Derivative Financial Instrume33

Derivative Financial Instruments and Hedging Activities (Tables)	6 Months Ended
	Jul. 04, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Value of Outstanding Derivative Instruments	The fair value of outstanding derivative instruments as of July 4, 2015 and January 3, 2015 was as follows: Classification in the Consolidated Balance Sheets In thousands July 4, 2015 January 3, 2015 Liability Derivatives: Derivatives designated as hedging instruments Interest rate swaps Other accrued liabilities $ 1,926 $ 2,741 Interest rate swaps Other noncurrent liabilities 599 680 Total $ 2,525 $ 3,421
Summary of Activity of Derivative Instruments that Qualify for Hedge Accounting	The following table summarizes the activity of derivative instruments that qualify for hedge accounting as of January 3, 2015 and July 4, 2015 and the impact of such derivative instruments on accumulated other comprehensive loss for the six months ended July 4, 2015: In thousands January 3, 2015 Amount of loss Amount of loss July 4, 2015 Interest rate swaps designated as cash flow hedges $ (3,421 ) $ (546 ) $ 1,442 $ (2,525 )
Recognized Gain or Loss Related to Derivative Instruments	The following table provides the location in the Company’s financial statements of the recognized gain or loss related to such derivative instruments: Three months ended In thousands July 4, 2015 June 28, 2014 Interest rate swaps designated as cash flow hedges recognized in interest expense $ 721 $ 801 Six months ended In thousands July 4, 2015 June 28, 2014 Interest rate swaps designated as cash flow hedges recognized in interest expense $ 1,442 $ 1,602

Benefit Plans (Tables)

Benefit Plans (Tables)	6 Months Ended
	Jul. 04, 2015
Compensation and Retirement Disclosure [Abstract]
Net Periodic Benefit Income for Pension and Other Postretirement Benefit Plans	Net periodic benefit income for pension and other postretirement benefit plans is presented below: Pension benefits Postretirement benefits Three months ended Three months ended In thousands July 4, June 28, July 4, June 28, Service cost $ 365 $ 332 $ — $ — Interest cost 4,030 4,468 9 11 Expected return on plan assets (5,828 ) (5,907 ) — — Amortization of prior service cost — — (69 ) (69 ) Amortization of net actuarial loss 1,093 652 10 11 Net periodic benefit income $ (340 ) $ (455 ) $ (50 ) $ (47 ) Pension benefits Postretirement benefits Six months ended Six months ended In thousands July 4, June 28, July 4, June 28, Service cost $ 730 $ 664 $ — $ — Interest cost 8,059 8,935 17 22 Expected return on plan assets (11,656 ) (11,814 ) — — Amortization of prior service cost — — (138 ) (138 ) Amortization of net actuarial loss 2,185 1,304 19 22 Net periodic benefit income $ (682 ) $ (911 ) $ (102 ) $ (94 )

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jul. 04, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Long-term Incentive Activity	The following table summarizes the long-term incentive activity for the Company: 2015 Units in thousands Activity Outstanding at January 3, 2015 136 Granted 127 Settled/Paid (18 ) Forfeited/Cancelled (2 ) Outstanding at July 4, 2015 243 Vested or expected to vest at July 4, 2015 243

Business Segments (Tables)

Business Segments (Tables)	6 Months Ended
	Jul. 04, 2015
Segment Reporting [Abstract]
Schedule of Segment Information by Business Segment	The following table presents information of the Company by business segment. Three months ended July 4, June 28, In thousands 2015 2014 $ Change % Change Net sales Scholastic $ 120,021 $ 127,152 $ (7,131 ) (5.6 %) Memory Book 239,364 240,241 $ (877 ) (0.4 %) Publishing and Packaging Services 20,995 22,298 $ (1,303 ) (5.8 %) Inter-segment eliminations (11 ) (247 ) $ 236 NM $ 380,369 $ 389,444 $ (9,075 ) (2.3 %) Operating income (loss) Scholastic $ 26,169 $ 22,822 $ 3,347 14.7 % Memory Book 116,915 117,873 $ (958 ) (0.8 %) Publishing and Packaging Services (51,175 ) 1,911 $ (53,086 ) NM $ 91,909 $ 142,606 $ (50,697 ) (35.6 %) Depreciation and Amortization Scholastic $ 3,043 $ 2,881 $ 162 5.6 % Memory Book 6,831 6,525 $ 306 4.7 % Publishing and Packaging Services 3,469 3,425 $ 44 1.3 % $ 13,343 $ 12,831 $ 512 4.0 % NM = Not meaningful Six months ended July 4, June 28, In thousands 2015 2014 $ Change % Change Net sales Scholastic $ 262,360 $ 266,265 $ (3,905 ) (1.5 %) Memory Book 245,604 245,624 $ (20 ) (0.0 %) Publishing and Packaging Services 42,051 46,614 $ (4,563 ) (9.8 %) Inter-segment eliminations (36 ) (491 ) $ 455 NM $ 549,979 $ 558,012 $ (8,033 ) (1.4 %) Operating income (loss) Scholastic $ 49,096 $ 43,081 $ 6,015 14.0 % Memory Book 107,279 108,931 $ (1,652 ) (1.5 %) Publishing and Packaging Services (49,983 ) 3,969 $ (53,952 ) NM $ 106,392 $ 155,981 $ (49,589 ) (31.8 %) Depreciation and Amortization Scholastic $ 9,740 $ 8,889 $ 851 9.6 % Memory Book 10,002 9,715 $ 287 3.0 % Publishing and Packaging Services 6,995 6,865 $ 130 1.9 % $ 26,737 $ 25,469 $ 1,268 5.0 % NM = Not meaningful

Condensed Consolidating Guara37

Condensed Consolidating Guarantor Information (Tables)	6 Months Ended
	Jul. 04, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Schedule of Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income	CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) Three months ended July 4, 2015 In thousands Visant Guarantors Non- Eliminations Total Net sales $ — $ 375,936 $ 9,385 $ (4,952) $ 380,369 Cost of products sold — 139,497 4,585 (4,952 ) 139,130 Gross profit — 236,439 4,800 — 241,239 Selling and administrative expenses 745 91,842 2,575 — 95,162 Gain on disposal of assets — (6 ) — — (6 ) Special charges 565 53,609 — — 54,174 Operating (loss) income (1,310 ) 90,994 2,225 — 91,909 Equity in income of affiliate (6,490 ) — — — (6,490 ) Interest expense, net 34,656 32,952 3 (32,509 ) 35,102 (Loss) income before income taxes (29,476 ) 58,042 2,222 32,509 63,297 (Benefit from) provision for income taxes (1,055 ) 41,884 471 — 41,300 (Loss) income from continuing operations (28,421 ) 16,158 1,751 32,509 21,997 (Loss) income from discontinued operations, net of tax (42 ) 109 — — 67 Earnings in subsidiary, net of tax (50,527 ) (1,751 ) — 52,278 — Net income $ 22,064 $ 18,018 $ 1,751 $ (19,769 ) $ 22,064 Comprehensive loss $ 20,143 $ 18,639 $ (1,171 ) $ (17,468 ) $ 20,143 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (UNAUDITED) Three months ended June 28, 2014 In thousands Visant Guarantors Non- Eliminations Total Net sales $ — $ 382,088 $ 11,625 $ (4,269) $ 389,444 Cost of products sold — 143,051 6,148 (4,269 ) 144,930 Gross profit — 239,037 5,477 — 244,514 Selling and administrative expenses 2,332 92,555 2,890 — 97,777 Gain on disposal of assets — (122 ) — — (122 ) Special charges — 4,099 154 — 4,253 Operating income (loss) (2,332 ) 142,505 2,433 — 142,606 Interest expense, net 38,244 32,991 215 (32,835 ) 38,615 (Loss) income before income taxes (40,576 ) 109,514 2,218 32,835 103,991 Provision for income taxes 2,497 44,388 634 — 47,519 (Loss) income from continuing operations (43,073 ) 65,126 1,584 32,835 56,472 Income from discontinued operations, net of tax 4,980 1,825 856 8 7,669 Earnings in subsidiary, net of tax (102,234 ) (2,440 ) — 104,674 — Net income $ 64,141 $ 69,391 $ 2,440 $ (71,831 ) $ 64,141 Comprehensive income $ 64,584 $ 69,749 $ 2,542 $ (72,291 ) $ 64,584 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) Six months ended July 4, 2015 In thousands Visant Guarantors Non- Eliminations Total Net sales $ — $ 543,819 $ 11,256 $ (5,096) $ 549,979 Cost of products sold — 207,826 5,951 (5,096 ) 208,681 Gross profit — 335,993 5,305 — 341,298 Selling and administrative expenses 914 174,552 3,728 — 179,194 Gain on disposal of assets — (341 ) — — (341 ) Special charges 2,333 53,720 — — 56,053 Operating (loss) income (3,247 ) 108,062 1,577 — 106,392 Equity in income of affiliate (4,669 ) — — — (4,669 ) Interest expense, net 69,604 66,110 4 (65,258 ) 70,460 (Loss) income before income taxes (68,182 ) 41,952 1,573 65,258 40,601 (Benefit from) provision for income taxes (1,374 ) 34,209 299 — 33,134 Income (loss) from continuing operations (66,808 ) 7,743 1,274 65,258 7,467 Income from discontinued operations, net of tax 64 109 — — 173 Earnings in subsidiary, net of tax (74,384 ) (1,274 ) — 75,658 — Net income $ 7,640 $ 9,126 $ 1,274 $ (10,400 ) $ 7,640 Comprehensive income $ 6,165 $ 10,369 $ (2,003 ) $ (8,366 ) $ 6,165 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) Six months ended June 28, 2014 In thousands Visant Guarantors Non- Eliminations Total Net sales $ — $ 549,509 $ 13,570 $ (5,067) $ 558,012 Cost of products sold — 212,893 7,037 (5,067 ) 214,863 Gross profit — 336,616 6,533 — 343,149 Selling and administrative expenses (180 ) 177,798 4,276 — 181,894 Gain on disposal of assets — (325 ) — — (325 ) Special charges — 4,972 627 — 5,599 Operating income 180 154,171 1,630 — 155,981 Interest expense, net 76,672 66,329 423 (66,026 ) 77,398 (Loss) income before income taxes (76,492 ) 87,842 1,207 66,026 78,583 (Benefit from) provision for income taxes (1,484 ) 36,700 411 — 35,627 (Loss) income from continuing operations (75,008 ) 51,142 796 66,026 42,956 Income from discontinued operations, net of tax 398 8,707 2,037 142 11,284 Earnings in subsidiary, net of tax (128,850 ) (2,833 ) — 131,683 — Net income $ 54,240 $ 62,682 $ 2,833 $ (65,515 ) $ 54,240 Comprehensive income $ 55,299 $ 63,398 $ 2,843 $ (66,241 ) $ 55,299
Schedule of Condensed Consolidating Balance Sheet	CONDENSED CONSOLIDATING BALANCE SHEET (UNAUDITED) July 4, 2015 In thousands Visant Guarantors Non- Eliminations Total ASSETS Cash and cash equivalents $ 52,909 $ (1,475 ) $ 2,078 $ — $ 53,512 Accounts receivable, net 1,801 68,695 1,898 (431 ) 71,963 Inventories — 55,840 2,125 — 57,965 Salespersons overdrafts, net — 9,576 623 — 10,199 Income tax receivable 4,271 — — — 4,271 Prepaid expenses and other current assets 763 12,550 35 — 13,348 Intercompany receivable 17,772 — — (17,772 ) — Deferred income taxes 5,532 14,093 — — 19,625 Current assets of discontinued operations 573 1,222 — — 1,795 Total current assets 83,621 160,501 6,759 (18,203 ) 232,678 Property, plant and equipment, net 31 118,314 415 — 118,760 Goodwill — 671,791 23,673 — 695,464 Intangibles, net — 324,708 8,235 — 332,943 Deferred financing costs, net 22,005 — — — 22,005 Deferred income taxes — — 1,915 — 1,915 Intercompany receivable 1,579,412 110,241 — (1,689,653 ) — Other assets 33,257 11,678 358 — 45,293 Investment in subsidiaries 886,967 92,086 — (979,053 ) — Total assets $ 2,605,293 $ 1,489,319 $ 41,355 $ (2,686,909 ) $ 1,449,058 LIABILITIES AND STOCKHOLDER’S (DEFICIT) EQUITY Accounts payable $ 2,094 $ 22,976 $ 1,849 $ (431 ) $ 26,488 Accrued employee compensation and related taxes 4,692 14,141 369 — 19,202 Customer deposits — 61,019 4,605 — 65,624 Commissions payable — 25,414 243 — 25,657 Income taxes payable (13,797 ) 36,183 (465 ) — 21,921 Interest payable 19,945 54 — — 19,999 Current portion of long-term debt and capital leases 7,755 1,112 5 — 8,872 Intercompany payable — 17,772 — (17,772 ) — Other accrued liabilities 6,286 18,412 (89 ) 2 24,611 Current liabilities of discontinued operations 6,816 26 — — 6,842 Total current liabilities 33,791 197,109 6,517 (18,201 ) 219,216 Long-term debt and capital leases - less current maturities 1,484,035 1,581,587 16 (1,579,412 ) 1,486,226 Intercompany payable 1,529,335 (1,379,686 ) (57,264 ) (92,385 ) — Deferred income taxes (11,468 ) 117,026 — — 105,558 Pension liabilities, net 22,601 66,005 — — 88,606 Other noncurrent liabilities 7,134 20,311 — — 27,445 Total liabilities 3,065,428 602,352 (50,731 ) (1,689,998 ) 1,927,051 Stockholder’s (deficit) equity (460,135 ) 886,967 92,086 (996,911 ) (477,993 ) Total liabilities, mezzanine equity and stockholders’ deficit $ 2,605,293 $ 1,489,319 $ 41,355 $ (2,686,909 ) $ 1,449,058 CONDENSED CONSOLIDATING BALANCE SHEET January 3, 2015 In thousands Visant Guarantors Non- Eliminations Total ASSETS Cash and cash equivalents $ 48,603 $ (1,565 ) $ 2,582 $ — $ 49,620 Accounts receivable, net 903 50,674 1,714 — 53,291 Inventories — 82,804 2,180 — 84,984 Salespersons overdrafts, net — 18,267 972 — 19,239 Prepaid expenses and other current assets 1,329 17,111 36 — 18,476 Income tax receivable 14,702 — — — 14,702 Intercompany receivable 26,722 912 68 (27,702 ) — Deferred income taxes 5,837 14,093 — — 19,930 Current assets of discontinued operations 2,380 — — — 2,380 Total current assets 100,476 182,296 7,552 (27,702 ) 262,622 Property, plant and equipment, net 47 118,569 529 — 119,145 Goodwill — 725,091 23,795 — 748,886 Intangibles, net — 330,353 8,245 — 338,598 Deferred financing costs, net 24,290 — — — 24,290 Deferred income taxes — — 1,782 — 1,782 Intercompany receivable 168,398 104,854 58,568 (331,820 ) — Other assets 31,471 10,020 198 — 41,689 Investment in subsidiaries 876,598 94,089 — (970,687 ) — Long-term assets of discontinued operations — 1,000 — — 1,000 Total assets $ 1,201,280 $ 1,566,272 $ 100,669 $ (1,330,209 ) $ 1,538,012 LIABILITIES AND STOCKHOLDER’S (DEFICIT) EQUITY Accounts payable $ 5,276 $ 21,157 $ 233 $ — $ 26,666 Accrued employee compensation and related taxes 6,089 19,806 375 — 26,270 Commissions payable — 7,047 429 — 7,476 Customer deposits — 171,958 5,934 — 177,892 Income taxes payable 1,123 (661 ) (457 ) — 5 Interest payable 19,830 74 — — 19,904 Current portion of long-term debt and capital leases 7,760 1,758 6 — 9,524 Intercompany payable 883 26,819 — (27,702 ) — Other accrued liabilities 5,139 20,712 40 — 25,891 Current liabilities of discontinued operations 7,249 300 — — 7,549 Total current liabilities 53,349 268,970 6,560 (27,702 ) 301,177 Long-term debt and capital leases—less current maturities 1,487,002 2,606 20 — 1,489,628 Intercompany payable 104,859 209,103 — (313,962 ) — Deferred income taxes (11,174 ) 119,244 — — 108,070 Pension liabilities, net 22,300 70,427 — — 92,727 Other noncurrent liabilities 4,854 19,435 — — 24,289 Long-term liabilities of discontinued operations 4,933 (111 ) — — 4,822 Total liabilities 1,666,123 689,674 6,580 (341,664 ) 2,020,713 Mezzanine equity 11 — — — 11 Stockholder’s (deficit) equity (464,854 ) 876,598 94,089 (988,545 ) (482,712 ) Total liabilities, mezzanine equity and stockholders’ deficit $ 1,201,280 $ 1,566,272 $ 100,669 $ (1,330,209 ) $ 1,538,012
Schedule of Condensed Consolidating Statement of Cash Flows	CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) Six months ended July 4, 2015 In thousands Visant Guarantors Non- Eliminations Total Net income $ 7,640 $ 9,126 $ 1,274 $ (10,400) $ 7,640 Other cash (used in) provided by operating activities (149 ) 13,956 (1,598 ) 10,400 22,609 Net cash used in discontinued operations (3,496 ) (189 ) — — (3,685 ) Net cash provided by (used in) operating activities 3,995 22,893 (324 ) — 26,564 Purchases of property, plant and equipment — (16,477 ) — — (16,477 ) Proceeds from sale of property and equipment — 606 — — 606 Intercompany payable (receivable) 286 (5,382 ) — 5,096 — Net cash provided by (used in) investing activities 286 (21,253 ) — 5,096 (15,871 ) Repayments of long-term debt and capital leases (3,880 ) (1,264 ) (1 ) — (5,145 ) Intercompany payable 5,382 (286 ) — (5,096 ) — Distribution to shareholder (1,457 ) — — — (1,457 ) Debt financing costs (20 ) — — — (20 ) Net cash provided by (used in) financing activities 25 (1,550 ) (1 ) (5,096 ) (6,622 ) Effect of exchange rate changes on cash and cash equivalents — — (179 ) — (179 ) Increase (decrease) in cash and cash equivalents 4,306 90 (504 ) — 3,892 Cash and cash equivalents, beginning of period 48,603 (1,565 ) 2,582 — 49,620 Cash and cash equivalents, end of period $ 52,909 $ (1,475) $ 2,078 $ — $ 53,512 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) Six months ended June 28, 2014 In thousands Visant Guarantors Non- Eliminations Total Net income $ 54,240 $ 62,682 $ 2,833 $ (65,515 ) $ 54,240 Other cash used in operating activities (62,599 ) (17,246 ) (2,636 ) 65,515 (16,966 ) Net cash (used in) provided by discontinued operations (9,556 ) 22,466 (118 ) — 12,792 Net cash (used in) provided by operating activities (17,915 ) 67,902 79 — 50,066 Purchases of property, plant and equipment — (13,284 ) — — (13,284 ) Proceeds from sale of property and equipment — 397 — — 397 Intercompany receivable 5,575 (45,068 ) — 39,493 — Net cash used in discontinued operations — (1,463 ) (270 ) — (1,733 ) Net cash used in investing activities 5,575 (59,418 ) (270 ) 39,493 (14,620 ) Repayments of long-term debt and capital leases (4 ) (1,648 ) (2 ) — (1,654 ) Proceeds from issuance of long-term debt — 159 — — 159 Intercompany receivable 45,068 (5,575 ) — (39,493 ) — Excess tax benefit from share based arrangements 36 — — — 36 Distribution to shareholder (1,121 ) — — — (1,121 ) Net cash used in discontinued operations — (955 ) (184 ) — (1,139 ) Net cash provided by (used in) financing activities 43,979 (8,019 ) (186 ) (39,493 ) (3,719 ) Effect of exchange rate changes on cash and cash equivalents — — (25 ) — (25 ) Increase (Decrease) in cash and cash equivalents 31,639 465 (402 ) — 31,702 Cash and cash equivalents, beginning of period 83,633 2,695 9,714 — 96,042 Cash and cash equivalents, end of period $ 115,272 $ 3,160 $ 9,312 $ — $ 127,744

Overview and Basis of Present38

Overview and Basis of Presentation - Additional Information (Detail)	Jul. 04, 2015
Kohlberg Kravis Roberts & Co. L.P. [Member]
Overview And Basis Of Presentation [Line Items]
Voting interest in Holdco	49.60%
Economic interest in Holdco	45.10%
Gamma Lp [Member]
Overview And Basis Of Presentation [Line Items]
Voting interest in Holdco	41.40%
Economic interest in Holdco	45.10%
Other Co-Investors [Member]
Overview And Basis Of Presentation [Line Items]
Voting interest in Holdco	8.20%
Economic interest in Holdco	9.00%
Members of Management [Member]
Overview And Basis Of Presentation [Line Items]
Voting interest in Holdco	0.80%
Economic interest in Holdco	0.80%

Restructuring Activity and Ot39

Restructuring Activity and Other Special Charges - Additional Information (Detail)	Jul. 04, 2015USD ($)	Jul. 04, 2015USD ($)Employees	Jun. 28, 2014USD ($)Employees	Jul. 04, 2015USD ($)Employees	Jun. 28, 2014USD ($)Employees	Jan. 03, 2015USD ($)
Restructuring Cost and Reserve [Line Items]
Aggregate number of employees affected by cost savings initiatives | Employees				343
Goodwill impairment charges			$ 0	$ 53,300,000	$ 0
Non-cash asset impairment charges				53,300,000	209,000
Restructuring accruals	$ 4,500,000	$ 4,500,000		4,500,000		$ 5,100,000
Cash paid related to employee severance and related benefit				14,300,000
Phoenix Color Corp [Member]
Restructuring Cost and Reserve [Line Items]
Goodwill impairment charges	$ 53,300,000	53,300,000		53,300,000
Corporate Management Positions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs		$ 600,000		$ 2,300,000
Aggregate number of employees affected by cost savings initiatives | Employees		4		7
Scholastic [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs			$ 2,200,000		$ 3,000,000
Aggregate number of employees affected by cost savings initiatives | Employees			122		185
Non-cash asset impairment charges			$ 1,600,000		$ 1,900,000
Restructuring related costs incurred to date				$ 11,400,000
Publishing and Packaging Services [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs		$ 300,000		$ 500,000	$ 100,000
Aggregate number of employees affected by cost savings initiatives | Employees		3		9	1
Goodwill impairment charges				$ 53,300,000
Restructuring related costs incurred to date				900,000
Memory Book [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs			$ 500,000		$ 600,000
Aggregate number of employees affected by cost savings initiatives | Employees			4		6
Restructuring related costs incurred to date				$ 6,500,000

Restructuring Activity and Ot40

Restructuring Activity and Other Special Charges - Schedule of Changes in Restructuring Accruals (Detail) $ in Thousands	6 Months Ended
	Jul. 04, 2015USD ($)
Restructuring Reserve Disclosures [Abstract]
Balance at January 3, 2015	$ 5,100
Balance at July 4, 2015	4,500
Termination of Multi-Year Marketing and Sponsorship Arrangement [Member]
Restructuring Reserve Disclosures [Abstract]
Balance at January 3, 2015	3,644
Severance, benefits and other payments	(1,191)
Balance at July 4, 2015	2,453
Employee Severance [Member]
Restructuring Reserve Disclosures [Abstract]
Balance at January 3, 2015	1,441
Restructuring charges	2,753
Severance, benefits and other payments	(2,107)
Balance at July 4, 2015	2,087
Employee Severance [Member] | 2015 Initiatives [Member]
Restructuring Reserve Disclosures [Abstract]
Restructuring charges	2,782
Severance, benefits and other payments	(1,342)
Balance at July 4, 2015	1,440
Employee Severance [Member] | 2014 Initiatives [Member]
Restructuring Reserve Disclosures [Abstract]
Balance at January 3, 2015	1,415
Restructuring charges	(29)
Severance, benefits and other payments	(744)
Balance at July 4, 2015	642
Employee Severance [Member] | 2013 Initiatives [Member]
Restructuring Reserve Disclosures [Abstract]
Balance at January 3, 2015	26
Severance, benefits and other payments	(21)
Balance at July 4, 2015	$ 5

Discontinued Operations - Addit

Discontinued Operations - Additional Information (Detail) $ in Thousands	May. 07, 2015USD ($)	Sep. 23, 2014USD ($)Director	Jul. 04, 2015USD ($)	Sep. 27, 2014USD ($)	Jul. 04, 2015USD ($)	Jan. 03, 2015USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net income from investment			$ 6,490		$ 4,669
Convertible preferred equity certificates, value
Luxco [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Minority equity interest		25.00%
Number of board of directors | Director		2
Amount of minority equity interest			$ 31,800		$ 31,800
Net income from investment			$ 6,500		$ 4,700
Luxco [Member] | Term Loan [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Lien term Loan debt repurchase value	$ 130,000
Oaktree [Member] | Convertible Preferred Stock [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Convertible preferred equity certificates, value	$ 78,000
Oaktree [Member] | Convertible Preferred Stock [Member] | Dividend Paid-in-kind [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Convertible preferred equity certificates dividend rate percentage	8.00%
Lehigh Press LLC [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash proceeds				$ 22,000
Gain(loss) on sale of business, net of tax				(4,200)
Arcade [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash proceeds		$ 334,500
Gain(loss) on sale of business, net of tax				$ 96,300
Percent of capital stock sold		100.00%

Discontinued Operations - Incom

Discontinued Operations - Income from Discontinued Operations, Net of Tax in Condensed Consolidated Statement of Operations and Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Discontinued Operations and Disposal Groups [Abstract]
Net sales		$ 54,881		$ 129,907
Cost of products sold		40,613	$ (174)	92,701
Gross profit		14,268	174	37,206
Selling and administrative expenses		12,835	6	25,860
Loss (gain) on disposal of assets		(22)		(22)
Special charges				401
Operating income		1,455	168	10,967
Interest expense, net	$ (108)	29	(108)	41
Income before income taxes	108	1,426	276	10,926
Provision for income taxes	41	(6,243)	103	(358)
Net income from discontinued operations	$ 67	$ 7,669	$ 173	$ 11,284

Accumulated Other Comprehensi43

Accumulated Other Comprehensive Loss - Summary of Changes in Accumulated Other Comprehensive Loss by Component (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (71,547)	$ (40,098)	$ (71,993)	$ (40,714)
Change in fair value of derivatives, net of tax	(70)	(519)	(342)	(670)
Change in cumulative translation adjustment	(2,922)	102	(3,277)	10
Change in pension and other postretirement benefit plans, net of tax	621	358	1,243	716
Amounts reclassified from AOCL, net of tax	450	502	901	1,003
Ending balance	(73,468)	(39,655)	(73,468)	(39,655)
Fair Value of Derivatives [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(1,964)	(3,021)	(2,143)	(3,371)
Change in fair value of derivatives, net of tax	(70)	(519)	(342)	(670)
Amounts reclassified from AOCL, net of tax	450	502	901	1,003
Ending balance	(1,584)	(3,038)	(1,584)	(3,038)
Foreign Currency Translation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	797	3,837	1,152	3,929
Change in cumulative translation adjustment	(2,922)	102	(3,277)	10
Ending balance	(2,125)	3,939	(2,125)	3,939
Pension and Postretirement Plans [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(70,380)	(40,914)	(71,002)	(41,272)
Change in pension and other postretirement benefit plans, net of tax	621	358	1,243	716
Ending balance	$ (69,759)	$ (40,556)	$ (69,759)	$ (40,556)

Accumulated Other Comprehensi44

Accumulated Other Comprehensive Loss - Summary of Changes in Accumulated Other Comprehensive Loss by Component (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Equity [Abstract]
Change in fair value of derivatives, tax	$ (0.1)	$ (0.3)	$ (0.2)	$ (0.4)
Change in pension and other postretirement benefit plans, tax	0.4	0.2	0.8	0.5
Amounts reclassified from AOCL, tax	$ 0.3	$ 0.3	$ 0.5	$ 0.6

Accounts Receivable - Schedule

Accounts Receivable - Schedule of Accounts Receivable (Detail) - USD ($) $ in Thousands	Jul. 04, 2015	Jan. 03, 2015
Receivables [Abstract]
Trade receivables	$ 85,270	$ 60,074
Allowance for doubtful accounts	(4,474)	(4,178)
Allowance for sales returns	(8,833)	(2,605)
Accounts receivable, net	$ 71,963	$ 53,291

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Detail) - USD ($) $ in Thousands	Jul. 04, 2015	Jan. 03, 2015
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 21,541	$ 20,376
Work-in-process	15,794	36,108
Finished goods	20,630	28,500
Inventories	$ 57,965	$ 84,984

Inventories - Additional Inform

Inventories - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014	Jan. 03, 2015
Condensed Financial Statements, Captions [Line Items]
Agreement termination by either party on written notice, in days			60 days
Jostens [Member]
Condensed Financial Statements, Captions [Line Items]
Maximum consigned inventory value	$ 48		$ 48
Consigned inventory value	25		25		$ 23.9
Incurred expenses for consignment fees related to facility	$ 0.3	$ 0.2	$ 0.5	$ 0.3

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Jul. 04, 2015	Jul. 02, 2017	Jan. 03, 2015
Debt Instrument [Line Items]
Debt maturity description	The outstanding term loan facility under Visant's senior secured term loan facility (the "Term Loan Facility") and maturing in 2021 (or, if greater than $250.0 million of Senior Notes remain outstanding on July 2, 2017, maturing on July 2, 2017)
10.00% Senior Notes Due 2017 [Member]
Debt Instrument [Line Items]
Senior Notes, interest rate	10.00%
Line of credit	$ 736.7		$ 736.7
Fair value of debt	$ 598.6		655.7
Senior Unsecured Term Loan [Member]
Debt Instrument [Line Items]
Senior notes maturity date	Jul. 2, 2017
Senior Unsecured Term Loan [Member] | Scenario, Forecast [Member] | Minimum [Member]
Debt Instrument [Line Items]
Remaining borrowing capacity		$ 250
Term Loan Facility [Member]
Debt Instrument [Line Items]
Line of credit	$ 769.2		773.1
Fair value of debt	$ 743.3		$ 753.8
Maturing year	2,021

Goodwill and Other Intangible49

Goodwill and Other Intangible Assets - Change in Carrying Amount of Goodwill (Detail) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Goodwill [Line Items]
Beginning Balance		$ 748,886,000	$ 749,080,000
Goodwill additions during the period		0	0
Goodwill impairment	$ 0	(53,300,000)	0
Currency translation		(122,000)	24,000
Ending Balance	749,104,000	695,464,000	749,104,000
Scholastic [Member]
Goodwill [Line Items]
Beginning Balance		300,663,000	300,857,000
Goodwill additions during the period		0	0
Currency translation		(122,000)	24,000
Ending Balance	300,881,000	300,541,000	300,881,000
Memory Book [Member]
Goodwill [Line Items]
Beginning Balance		391,178,000	391,178,000
Goodwill additions during the period		0	0
Ending Balance	391,178,000	391,178,000	391,178,000
Publishing and Packaging Services [Member]
Goodwill [Line Items]
Beginning Balance		57,045,000	57,045,000
Goodwill additions during the period		0	0
Goodwill impairment		(53,300,000)
Ending Balance	$ 57,045,000	$ 3,745,000	$ 57,045,000

Goodwill and Other Intangible50

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($)	Jul. 04, 2015	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Goodwill And Other Intangible Assets [Line Items]
Goodwill reduction due to accumulated impairment losses	$ 107,500,000	$ 107,500,000		$ 107,500,000
Goodwill impairment losses			$ 0	53,300,000	$ 0
Amortization of intangible assets		4,200,000	$ 3,900,000	8,286,000	$ 7,385,000
Future amortization expense, remainder of fiscal 2015	8,000,000	8,000,000		8,000,000
Future amortization expense, 2016	15,000,000	15,000,000		15,000,000
Future amortization expense, 2017	12,500,000	12,500,000		12,500,000
Future amortization expense, 2018	10,500,000	10,500,000		10,500,000
Future amortization expense, 2019	8,800,000	8,800,000		8,800,000
Future amortization expense, 2020	7,700,000	7,700,000		7,700,000
Phoenix Color Corp [Member]
Goodwill And Other Intangible Assets [Line Items]
Goodwill impairment losses	$ 53,300,000	$ 53,300,000		$ 53,300,000

Goodwill and Other Intangible51

Goodwill and Other Intangible Assets - Schedule of Information Regarding Other Intangible Assets (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jul. 04, 2015	Jan. 03, 2015
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 784,219	$ 780,245
Accumulated amortization	(451,276)	(441,647)
Net	332,943	338,598
Trademarks Indefinite Lived [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	243,300	243,300
Net	$ 243,300	243,300
School Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average useful life, in years	10 years
Gross carrying amount	$ 330,000	330,000
Accumulated amortization	$ (330,000)	(330,000)
Internally Developed Software [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average useful life, in years	4 years 6 months
Gross carrying amount	$ 8,600	8,600
Accumulated amortization	$ (8,600)	(8,600)
Patented/Unpatented Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average useful life, in years	3 years
Gross carrying amount	$ 12,774	12,774
Accumulated amortization	$ (12,774)	(12,478)
Net		296
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average useful life, in years	16 years 6 months
Gross carrying amount	$ 154,714	154,205
Accumulated amortization	(82,747)	(77,936)
Net	$ 71,967	76,269
Trademarks (Definite Lived) [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average useful life, in years	20 years
Gross carrying amount	$ 450	434
Accumulated amortization	(159)	(115)
Net	$ 291	319
Restrictive Covenants [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average useful life, in years	4 years 10 months 24 days
Gross carrying amount	$ 34,381	30,932
Accumulated amortization	(16,996)	(12,518)
Net	17,385	18,414
Intangible Assets Excluding Indefinite Lived Trade Marks [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	540,919	536,945
Accumulated amortization	(451,276)	(441,647)
Net	$ 89,643	$ 95,298

Debt - Schedule of Debt Obligat

Debt - Schedule of Debt Obligations (Detail) - USD ($) $ in Thousands	Jul. 04, 2015	Jan. 03, 2015
Line of Credit Facility [Line Items]
Senior notes, 10.00% fixed rate, with semi-annual interest payments of $36.8 million in April and October, principal due and payable at maturity - October 2017	$ 736,670	$ 736,670
Long-term debt	1,491,785	1,494,748
Equipment financing arrangements	2,481	3,508
Capital lease obligations	832	896
Total debt	1,495,098	1,499,152
Term Loan [Member]
Line of Credit Facility [Line Items]
Borrowings under senior secured revolving credit facility	$ 755,115	$ 758,078

Debt - Schedule of Debt Oblig53

Debt - Schedule of Debt Obligations (Parenthetical) (Detail) - USD ($) $ in Millions	1 Months Ended		6 Months Ended
	Oct. 31, 2015	Apr. 30, 2015	Jul. 04, 2015
Senior Notes [Member]
Line of Credit Facility [Line Items]
Maturity date			Oct. 1, 2017
Fixed rate			10.00%
Scenario, Forecast [Member] | Senior Notes [Member]
Line of Credit Facility [Line Items]
Periodic interest payments	$ 36.8	$ 36.8
Fixed rate	10.00%	10.00%
Senior Secured Term Loan Facility [Member]
Line of Credit Facility [Line Items]
Original issue discount			$ 14.1
Variable rate			7.00%
Maturity date			Sep. 1, 2021

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($)	Jul. 04, 2015	Sep. 23, 2014	Jul. 04, 2015	Jul. 02, 2017	Oct. 31, 2015	Apr. 30, 2015	Jan. 03, 2015
Debt Instrument [Line Items]
Repayment of senior secured or senior unsecured notes			$ 250,000,000
Maximum [Member]
Debt Instrument [Line Items]
Security interest as percentage of capital stock	66.00%		66.00%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Borrowing capacity		$ 105,000,000
Maturing year			2,019
Interest rate description			LIBOR (with a LIBOR floor of 1.00%) plus 6.00% or ABR plus 5.00%, in each case, with step-downs based on the total leverage ratio.
LIBOR floor rate	1.00%		1.00%
Remaining borrowing capacity	$ 85,400,000		$ 85,400,000
Letters of credit outstanding, amount	$ 19,600,000		$ 19,600,000
Commitment fees percentage on unused portion	0.50%
Step-down commitment fees percentage	0.375%
Consolidated EBITDA ratio	300.00%		300.00%
Letters of credit plus fee rate	0.125%
Weighted average interest rates on short term borrowings			8.30%
Revolving Credit Facility [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Spread on variable interest rate	6.00%
Revolving Credit Facility [Member] | ABR [Member]
Debt Instrument [Line Items]
Spread on variable interest rate	5.00%
Revolving Credit Facility [Member] | Letters of Credit [Member]
Debt Instrument [Line Items]
Line of credit		40,000,000
Credit Facility [Member]
Debt Instrument [Line Items]
Term loan credit facility transaction fee and related costs	$ 17,200,000		$ 17,200,000
Senior Secured Credit Facilities [Member]
Debt Instrument [Line Items]
Borrowing capacity		880,000,000
Term Loan Facility [Member]
Debt Instrument [Line Items]
Borrowing capacity		$ 775,000,000
Maturing year			2,021
Credit facility, amortize percentage		1.00%
Credit facility, amortize period		7 years
Line of credit	769,200,000		$ 769,200,000				$ 773,100,000
Prepayment premium			1.00%
Term Loan Facility [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Interest rate description			Accrue interest at a rate equal to, at our option, a base rate ("ABR") (such as prime rate or LIBOR) plus an applicable margin. The applicable margin is based on our leverage ratio, ranging from 5.50% to 6.00% in the case of LIBOR and 4.50% to 5.00% in the case of ABR.
Term Loan Facility [Member] | Revolving Credit Facility [Member] | Maximum [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Spread on variable interest rate			6.00%
Term Loan Facility [Member] | Revolving Credit Facility [Member] | Maximum [Member] | ABR [Member]
Debt Instrument [Line Items]
Spread on variable interest rate			5.00%
Term Loan Facility [Member] | Revolving Credit Facility [Member] | Minimum [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Spread on variable interest rate			5.50%
Term Loan Facility [Member] | Revolving Credit Facility [Member] | Minimum [Member] | ABR [Member]
Debt Instrument [Line Items]
Spread on variable interest rate			4.50%
Term Loan Facility [Member] | Credit Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Additional term loan aggregate principal amount	125,000,000		$ 125,000,000
Senior Unsecured Term Loan [Member]
Debt Instrument [Line Items]
Senior notes maturity date			Jul. 2, 2017
Senior Unsecured Term Loan [Member] | Scenario, Forecast [Member] | Minimum [Member]
Debt Instrument [Line Items]
Borrowing capacity				$ 250,000,000
Remaining borrowing capacity				$ 250,000,000
Senior Notes [Member]
Debt Instrument [Line Items]
Additional term loan aggregate principal amount	$ 750,000,000		$ 750,000,000
Senior Notes, interest rate	10.00%		10.00%
First semi-annual interest payable date			April 1
Second semi-annual interest payable date			October 1
First semi-annual interest payable record date			March 15
Second semi-annual interest payable record date			September 15
Percentage price of principal amount for repurchase of Senior Notes			101.00%
Senior Notes [Member] | Scenario, Forecast [Member]
Debt Instrument [Line Items]
Senior Notes, interest rate					10.00%	10.00%

Derivative Financial Instrume55

Derivative Financial Instruments and Hedging Activities - Additional Information (Detail)	Jul. 04, 2015USD ($)Derivative	Jun. 28, 2014USD ($)
Derivatives, Fair Value [Line Items]
Number of interest rate derivatives | Derivative	3
Accumulated other comprehensive income (loss) reclassified as increase to interest expense	$ 1,900,000
Derivatives outstanding, not designated as hedges	0	$ 0
Termination value related to agreements	2,600,000
Termination value related to settlement obligation	2,600,000
Interest Rate Swaps Designated as Cash Flow Hedges [Member] | Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Outstanding aggregate notional amount	$ 450,000,000

Derivative Financial Instrume56

Derivative Financial Instruments and Hedging Activities - Fair Value of Outstanding Derivative Instruments (Detail) - Designated as Hedging Instruments [Member] - USD ($) $ in Thousands	Jul. 04, 2015	Jan. 03, 2015
Liability Derivatives:
Pre-tax, Fair value of derivatives designated as hedging instruments	$ 2,525	$ 3,421
Interest Rate Swaps [Member] | Other Accrued Liabilities [Member]
Liability Derivatives:
Pre-tax, Fair value of derivatives designated as hedging instruments	1,926	2,741
Interest Rate Swaps [Member] | Other Noncurrent Liabilities [Member]
Liability Derivatives:
Pre-tax, Fair value of derivatives designated as hedging instruments	$ 599	$ 680

Derivative Financial Instrume57

Derivative Financial Instruments and Hedging Activities - Summary of Activity of Derivative Instruments that Qualify for Hedge Accounting (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of loss reclassified from Accumulated Other Comprehensive Loss to interest expense (effective portion)	$ 450	$ 502	$ 901	$ 1,003
Fair Value of Derivatives [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of loss reclassified from Accumulated Other Comprehensive Loss to interest expense (effective portion)	450	$ 502	901	$ 1,003
Fair Value of Derivatives [Member] | Interest Rate Swaps [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Beginning balance			(3,421)
Amount of loss recognized in Accumulated Other Comprehensive Loss on derivatives (effective portion)			(546)
Amount of loss reclassified from Accumulated Other Comprehensive Loss to interest expense (effective portion)			1,442
Ending balance	$ (2,525)		$ (2,525)

Derivative Financial Instrume58

Derivative Financial Instruments and Hedging Activities - Recognized Gain or Loss Related to Derivative Instruments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Interest Rate Swaps Designated as Cash Flow Hedges [Member] | Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Interest rate swaps designated as cash flow hedges recognized in interest expense	$ 721	$ 801	$ 1,442	$ 1,602

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Millions	Jul. 04, 2015USD ($)
Commitments and Contingencies Disclosure [Abstract]
Purchase commitment contracts	$ 8.5
Fair market value of open precious metal forward contracts	$ 8.2

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jan. 03, 2015
Income Tax Examination [Line Items]
Estimated full-year effective tax rate	38.90%	45.90%
Discrete tax items	$ 17,300	$ 400
Reported tax rate	81.60%	45.30%
Tax refund claim	$ 4,271		$ 14,702
Reserve for uncertain tax positions	3,600
Net benefit adjusted to income tax expense	600
U.S. [Member]
Income Tax Examination [Line Items]
Tax refund claim	$ 4,200

Benefit Plans - Net Periodic Be

Benefit Plans - Net Periodic Benefit Income for Pension and Other Postretirement Benefit Plans (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 365	$ 332	$ 730	$ 664
Interest cost	4,030	4,468	8,059	8,935
Expected return on plan assets	(5,828)	(5,907)	(11,656)	(11,814)
Amortization of net actuarial loss	1,093	652	2,185	1,304
Net periodic benefit income	(340)	(455)	(682)	(911)
Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	9	11	17	22
Amortization of prior service cost	(69)	(69)	(138)	(138)
Amortization of net actuarial loss	10	11	19	22
Net periodic benefit income	$ (50)	$ (47)	$ (102)	$ (94)

Benefit Plans - Additional Info

Benefit Plans - Additional Information (Detail) - USD ($)	3 Months Ended	6 Months Ended
	Sep. 27, 2014	Jul. 04, 2015
Non-Qualified Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Company contributions		$ 1,400,000
Lehigh Press LLC [Member] | Non-Qualified Pension Plans [Member] | Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Company contributions		$ 100,000
Lehigh Press LLC [Member] | Multi-Employer Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Income from discontinued operations, net of tax	$ 3,400,000

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ in Millions	Mar. 11, 2015	Apr. 30, 2007	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incentive payment	$ 0.5
Awards vesting percentage					100.00%
Awards vesting description					The awards provide for certain vesting and settlement of the time vesting award upon an employee's death or disability (as defined in the award letter) based on the period of employment from the grant date, or, in the case of an employee's termination without cause, within 120 days prior to January 15, 2017, vesting of the time vesting award and the performance vesting award, in the latter case, so long as the performance targets are otherwise met.
Allocated share-based compensation expense			$ 0.6	$ 0.4	$ 1.2	$ 0.8
Time Vesting Grant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting percentage					50.00%
Performance Vesting Grant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting percentage					50.00%
Time and Performance Vesting Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting description					The Time and Performance Vesting Awards provide for certain vesting and settlement of the awards upon an employee's death or disability (as defined in the award letter) based on the period of employment from the grant date, or in the case of an employee's termination without cause within 120 days prior to January 15, 2018, vesting of the Time and Performance Vesting Awards, in the latter case, so long as the performance targets are otherwise met.
2004 Stock Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options issued		1,773
Options expiration period					Fourth quarter of 2014
2004 Stock Option Plan [Member] | Options and Awards to Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized			510,230		510,230
2012 LTIP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation expense			$ 6.3		$ 6.3
Weighted-average period					2 years 2 months 12 days

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Long-term Incentive Activity (Detail) - Jul. 04, 2015 - LTIP [Member] - shares shares in Thousands	Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units, Beginning Balance	136
Units, Granted	127
Units, Settled/Paid	(18)
Units, Forfeited/cancelled	(2)
Units, Ending Balance	243
Units, Vested or expected to vest	243

Business Segments - Additional

Business Segments - Additional Information (Detail)	6 Months Ended
	Jul. 04, 2015Segment
Segment Reporting [Abstract]
Number of reportable segments	3

Business Segments - Schedule of

Business Segments - Schedule of Segment Information by Business Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Segment Reporting Information [Line Items]
Net sales	$ 380,369	$ 389,444	$ 549,979	$ 558,012
Operating income (loss)	91,909	142,606	106,392	155,981
Depreciation and Amortization	13,343	12,831	26,737	25,469
Change in Net sales	(9,075)		(8,033)
Change in Operating income (lose)	(50,697)		(49,589)
Change in Depreciation and Amortization	$ 512		$ 1,268
Percentage Change in Net sales	(2.30%)		(1.40%)
Percentage Change in Operating income (loss)	(35.60%)		(31.80%)
Percentage Change in Depreciation and Amortization	4.00%		5.00%
Operating Segments [Member] | Scholastic [Member]
Segment Reporting Information [Line Items]
Net sales	$ 120,021	127,152	$ 262,360	266,265
Operating income (loss)	26,169	22,822	49,096	43,081
Depreciation and Amortization	3,043	2,881	9,740	8,889
Change in Net sales	(7,131)		(3,905)
Change in Operating income (lose)	3,347		6,015
Change in Depreciation and Amortization	$ 162		$ 851
Percentage Change in Net sales	(5.60%)		(1.50%)
Percentage Change in Operating income (loss)	14.70%		14.00%
Percentage Change in Depreciation and Amortization	5.60%		9.60%
Operating Segments [Member] | Memory Book [Member]
Segment Reporting Information [Line Items]
Net sales	$ 239,364	240,241	$ 245,604	245,624
Operating income (loss)	116,915	117,873	107,279	108,931
Depreciation and Amortization	6,831	6,525	10,002	9,715
Change in Net sales	(877)		(20)
Change in Operating income (lose)	(958)		(1,652)
Change in Depreciation and Amortization	$ 306		$ 287
Percentage Change in Net sales	(0.40%)		0.00%
Percentage Change in Operating income (loss)	(0.80%)		(1.50%)
Percentage Change in Depreciation and Amortization	4.70%		3.00%
Operating Segments [Member] | Publishing and Packaging Services [Member]
Segment Reporting Information [Line Items]
Net sales	$ 20,995	22,298	$ 42,051	46,614
Operating income (loss)	(51,175)	1,911	(49,983)	3,969
Depreciation and Amortization	3,469	3,425	6,995	6,865
Change in Net sales	(1,303)		(4,563)
Change in Operating income (lose)	(53,086)		(53,952)
Change in Depreciation and Amortization	$ 44		$ 130
Percentage Change in Net sales	(5.80%)		(9.80%)
Percentage Change in Depreciation and Amortization	1.30%		1.90%
Inter-Segment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	$ (11)	$ (247)	$ (36)	$ (491)
Change in Net sales	$ 236		$ 455

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Related Party Transaction [Line Items]
Advisory fees incurred by the company			$ 3
Sponsors [Member]
Related Party Transaction [Line Items]
Advisory fees incurred by the company	$ 1	$ 1	$ 2	$ 2
Increase in percentage of advisory fees			3.00%

Condensed Consolidating Guara68

Condensed Consolidating Guarantor Information - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Condensed Income Statements, Captions [Line Items]
Net interest expense	$ 35,102	$ 38,615	$ 70,460	$ 77,398
Eliminations [Member]
Condensed Income Statements, Captions [Line Items]
Net interest expense	$ (32,509)	$ (32,835)	$ (65,258)	$ (66,026)

Condensed Consolidating Guara69

Condensed Consolidating Guarantor Information - Schedule of Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Net sales	$ 380,369	$ 389,444	$ 549,979	$ 558,012
Cost of products sold	139,130	144,930	208,681	214,863
Gross profit	241,239	244,514	341,298	343,149
Selling and administrative expenses	95,162	97,777	179,194	181,894
Gain on disposal of assets	(6)	(122)	(341)	(325)
Special charges	54,174	4,253	56,053	5,599
Operating (loss) income	91,909	142,606	106,392	155,981
Equity in income of affiliate	(6,490)		(4,669)
Interest expense, net	35,102	38,615	70,460	77,398
(Loss) income before income taxes	63,297	103,991	40,601	78,583
(Benefit from) provision for income taxes	41,300	47,519	33,134	35,627
(Loss) income from continuing operations	21,997	56,472	7,467	42,956
(Loss) income from discontinued operations, net of tax	67	7,669	173	11,284
Net income	22,064	64,141	7,640	54,240
Comprehensive (loss) income	20,143	64,584	6,165	55,299
Visant [Member]
Selling and administrative expenses	745	2,332	914	(180)
Special charges	565		2,333
Operating (loss) income	(1,310)	(2,332)	(3,247)	180
Equity in income of affiliate	(6,490)		(4,669)
Interest expense, net	34,656	38,244	69,604	76,672
(Loss) income before income taxes	(29,476)	(40,576)	(68,182)	(76,492)
(Benefit from) provision for income taxes	(1,055)	2,497	(1,374)	(1,484)
(Loss) income from continuing operations	(28,421)	(43,073)	(66,808)	(75,008)
(Loss) income from discontinued operations, net of tax	(42)	4,980	64	398
Earnings in subsidiary, net of tax	(50,527)	(102,234)	(74,384)	(128,850)
Net income	22,064	64,141	7,640	54,240
Comprehensive (loss) income	20,143	64,584	6,165	55,299
Guarantors [Member]
Net sales	375,936	382,088	543,819	549,509
Cost of products sold	139,497	143,051	207,826	212,893
Gross profit	236,439	239,037	335,993	336,616
Selling and administrative expenses	91,842	92,555	174,552	177,798
Gain on disposal of assets	(6)	(122)	(341)	(325)
Special charges	53,609	4,099	53,720	4,972
Operating (loss) income	90,994	142,505	108,062	154,171
Interest expense, net	32,952	32,991	66,110	66,329
(Loss) income before income taxes	58,042	109,514	41,952	87,842
(Benefit from) provision for income taxes	41,884	44,388	34,209	36,700
(Loss) income from continuing operations	16,158	65,126	7,743	51,142
(Loss) income from discontinued operations, net of tax	109	1,825	109	8,707
Earnings in subsidiary, net of tax	(1,751)	(2,440)	(1,274)	(2,833)
Net income	18,018	69,391	9,126	62,682
Comprehensive (loss) income	18,639	69,749	10,369	63,398
Non-Guarantors [Member]
Net sales	9,385	11,625	11,256	13,570
Cost of products sold	4,585	6,148	5,951	7,037
Gross profit	4,800	5,477	5,305	6,533
Selling and administrative expenses	2,575	2,890	3,728	4,276
Special charges		154		627
Operating (loss) income	2,225	2,433	1,577	1,630
Interest expense, net	3	215	4	423
(Loss) income before income taxes	2,222	2,218	1,573	1,207
(Benefit from) provision for income taxes	471	634	299	411
(Loss) income from continuing operations	1,751	1,584	1,274	796
(Loss) income from discontinued operations, net of tax		856		2,037
Net income	1,751	2,440	1,274	2,833
Comprehensive (loss) income	(1,171)	2,542	(2,003)	2,843
Eliminations [Member]
Net sales	(4,952)	(4,269)	(5,096)	(5,067)
Cost of products sold	(4,952)	(4,269)	(5,096)	(5,067)
Interest expense, net	(32,509)	(32,835)	(65,258)	(66,026)
(Loss) income before income taxes	32,509	32,835	65,258	66,026
(Loss) income from continuing operations	32,509	32,835	65,258	66,026
(Loss) income from discontinued operations, net of tax		8		142
Earnings in subsidiary, net of tax	52,278	104,674	75,658	131,683
Net income	(19,769)	(71,831)	(10,400)	(65,515)
Comprehensive (loss) income	$ (17,468)	$ (72,291)	$ (8,366)	$ (66,241)

Condensed Consolidating Guara70

Condensed Consolidating Guarantor Information - Schedule of Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Jul. 04, 2015	Jan. 03, 2015	Jun. 28, 2014	Dec. 28, 2013
ASSETS
Cash and cash equivalents	$ 53,512	$ 49,620	$ 127,744	$ 96,042
Accounts receivable, net	71,963	53,291
Inventories	57,965	84,984
Salespersons overdrafts, net	10,199	19,239
Prepaid expenses and other current assets	13,348	18,476
Income tax receivable	4,271	14,702
Deferred income taxes	19,625	19,930
Current assets of discontinued operations	1,795	2,380
Total current assets	232,678	262,622
Property, plant and equipment, net	118,760	119,145
Goodwill	695,464	748,886	749,104	749,080
Intangibles, net	332,943	338,598
Deferred financing costs, net	22,005	24,290
Deferred income taxes	1,915	1,782
Other assets	45,293	41,689
Long-term assets of discontinued operations		1,000
Total assets	1,449,058	1,538,012
LIABILITIES AND STOCKHOLDER'S (DEFICIT) EQUITY
Accounts payable	26,488	26,666
Accrued employee compensation and related taxes	19,202	26,270
Commissions payable	25,657	7,476
Customer deposits	65,624	177,892
Income taxes payable	21,921	5
Interest payable	19,999	19,904
Current portion of long-term debt and capital leases	8,872	9,524
Other accrued liabilities	24,611	25,891
Current liabilities of discontinued operations	6,842	7,549
Total current liabilities	219,216	301,177
Long-term debt and capital leases - less current maturities	1,486,226	1,489,628
Deferred income taxes	105,558	108,070
Pension liabilities, net	88,606	92,727
Other noncurrent liabilities	27,445	24,289
Long-term liabilities of discontinued operations		4,822
Total liabilities	1,927,051	2,020,713
Mezzanine equity		11
Stockholder's (deficit) equity	(477,993)	(482,712)
Total liabilities, mezzanine equity and stockholders' deficit	1,449,058	1,538,012
Visant [Member]
ASSETS
Cash and cash equivalents	52,909	48,603	115,272	83,633
Accounts receivable, net	1,801	903
Prepaid expenses and other current assets	763	1,329
Income tax receivable	4,271	14,702
Intercompany receivable	17,772	26,722
Deferred income taxes	5,532	5,837
Current assets of discontinued operations	573	2,380
Total current assets	83,621	100,476
Property, plant and equipment, net	31	47
Deferred financing costs, net	22,005	24,290
Intercompany receivable	1,579,412	168,398
Other assets	33,257	31,471
Investment in subsidiaries	886,967	876,598
Total assets	2,605,293	1,201,280
LIABILITIES AND STOCKHOLDER'S (DEFICIT) EQUITY
Accounts payable	2,094	5,276
Accrued employee compensation and related taxes	4,692	6,089
Income taxes payable	(13,797)	1,123
Interest payable	19,945	19,830
Current portion of long-term debt and capital leases	7,755	7,760
Intercompany payable		883
Other accrued liabilities	6,286	5,139
Current liabilities of discontinued operations	6,816	7,249
Total current liabilities	33,791	53,349
Long-term debt and capital leases - less current maturities	1,484,035	1,487,002
Intercompany payable	1,529,335	104,859
Deferred income taxes	(11,468)	(11,174)
Pension liabilities, net	22,601	22,300
Other noncurrent liabilities	7,134	4,854
Long-term liabilities of discontinued operations		4,933
Total liabilities	3,065,428	1,666,123
Mezzanine equity		11
Stockholder's (deficit) equity	(460,135)	(464,854)
Total liabilities, mezzanine equity and stockholders' deficit	2,605,293	1,201,280
Guarantors [Member]
ASSETS
Cash and cash equivalents	(1,475)	(1,565)	3,160	2,695
Accounts receivable, net	68,695	50,674
Inventories	55,840	82,804
Salespersons overdrafts, net	9,576	18,267
Prepaid expenses and other current assets	12,550	17,111
Intercompany receivable		912
Deferred income taxes	14,093	14,093
Current assets of discontinued operations	1,222
Total current assets	160,501	182,296
Property, plant and equipment, net	118,314	118,569
Goodwill	671,791	725,091
Intangibles, net	324,708	330,353
Intercompany receivable	110,241	104,854
Other assets	11,678	10,020
Investment in subsidiaries	92,086	94,089
Long-term assets of discontinued operations		1,000
Total assets	1,489,319	1,566,272
LIABILITIES AND STOCKHOLDER'S (DEFICIT) EQUITY
Accounts payable	22,976	21,157
Accrued employee compensation and related taxes	14,141	19,806
Commissions payable	25,414	7,047
Customer deposits	61,019	171,958
Income taxes payable	36,183	(661)
Interest payable	54	74
Current portion of long-term debt and capital leases	1,112	1,758
Intercompany payable	17,772	26,819
Other accrued liabilities	18,412	20,712
Current liabilities of discontinued operations	26	300
Total current liabilities	197,109	268,970
Long-term debt and capital leases - less current maturities	1,581,587	2,606
Intercompany payable	(1,379,686)	209,103
Deferred income taxes	117,026	119,244
Pension liabilities, net	66,005	70,427
Other noncurrent liabilities	20,311	19,435
Long-term liabilities of discontinued operations		(111)
Total liabilities	602,352	689,674
Stockholder's (deficit) equity	886,967	876,598
Total liabilities, mezzanine equity and stockholders' deficit	1,489,319	1,566,272
Non-Guarantors [Member]
ASSETS
Cash and cash equivalents	2,078	2,582	$ 9,312	$ 9,714
Accounts receivable, net	1,898	1,714
Inventories	2,125	2,180
Salespersons overdrafts, net	623	972
Prepaid expenses and other current assets	35	36
Intercompany receivable		68
Total current assets	6,759	7,552
Property, plant and equipment, net	415	529
Goodwill	23,673	23,795
Intangibles, net	8,235	8,245
Deferred income taxes	1,915	1,782
Intercompany receivable		58,568
Other assets	358	198
Total assets	41,355	100,669
LIABILITIES AND STOCKHOLDER'S (DEFICIT) EQUITY
Accounts payable	1,849	233
Accrued employee compensation and related taxes	369	375
Commissions payable	243	429
Customer deposits	4,605	5,934
Income taxes payable	(465)	(457)
Current portion of long-term debt and capital leases	5	6
Other accrued liabilities	(89)	40
Total current liabilities	6,517	6,560
Long-term debt and capital leases - less current maturities	16	20
Intercompany payable	(57,264)
Total liabilities	(50,731)	6,580
Stockholder's (deficit) equity	92,086	94,089
Total liabilities, mezzanine equity and stockholders' deficit	41,355	100,669
Eliminations [Member]
ASSETS
Accounts receivable, net	(431)
Intercompany receivable	(17,772)	(27,702)
Total current assets	(18,203)	(27,702)
Intercompany receivable	(1,689,653)	(331,820)
Investment in subsidiaries	(979,053)	(970,687)
Total assets	(2,686,909)	(1,330,209)
LIABILITIES AND STOCKHOLDER'S (DEFICIT) EQUITY
Accounts payable	(431)
Intercompany payable	(17,772)	(27,702)
Other accrued liabilities	2
Total current liabilities	(18,201)	(27,702)
Long-term debt and capital leases - less current maturities	(1,579,412)
Intercompany payable	(92,385)	(313,962)
Total liabilities	(1,689,998)	(341,664)
Stockholder's (deficit) equity	(996,911)	(988,545)
Total liabilities, mezzanine equity and stockholders' deficit	$ (2,686,909)	$ (1,330,209)

Condensed Consolidating Guara71

Condensed Consolidating Guarantor Information - Schedule of Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Net income	$ 22,064	$ 64,141	$ 7,640	$ 54,240
Other cash (used in) provided by operating activities			22,609	(16,966)
Net cash (used in) provided by discontinued operations			(3,685)	12,792
Net cash (used in) provided by operating activities			26,564	50,066
Purchases of property, plant and equipment			(16,477)	(13,284)
Proceeds from sale of property and equipment			606	397
Net cash used in discontinued operations				(1,733)
Net cash used in investing activities			(15,871)	(14,620)
Repayments of long-term debt and capital leases			(5,145)	(1,654)
Proceeds from issuance of long-term debt				159
Excess tax benefit from share based arrangements				36
Distribution to shareholder			(1,457)	(1,121)
Net cash used in discontinued operations				(1,139)
Debt financing costs			(20)
Net cash used in financing activities			(6,622)	(3,719)
Effect of exchange rate changes on cash and cash equivalents			(179)	(25)
Increase (Decrease) in cash and cash equivalents			3,892	31,702
Cash and cash equivalents, beginning of period			49,620	96,042
Cash and cash equivalents, end of period	53,512	127,744	53,512	127,744
Visant [Member]
Net income	22,064	64,141	7,640	54,240
Other cash (used in) provided by operating activities			(149)	(62,599)
Net cash (used in) provided by discontinued operations			(3,496)	(9,556)
Net cash (used in) provided by operating activities			3,995	(17,915)
Intercompany payable (receivable)			286	5,575
Net cash used in investing activities			286	5,575
Repayments of long-term debt and capital leases			(3,880)	(4)
Intercompany payable			5,382	45,068
Excess tax benefit from share based arrangements				36
Distribution to shareholder			(1,457)	(1,121)
Debt financing costs			(20)
Net cash used in financing activities			25	43,979
Increase (Decrease) in cash and cash equivalents			4,306	31,639
Cash and cash equivalents, beginning of period			48,603	83,633
Cash and cash equivalents, end of period	52,909	115,272	52,909	115,272
Guarantors [Member]
Net income	18,018	69,391	9,126	62,682
Other cash (used in) provided by operating activities			13,956	(17,246)
Net cash (used in) provided by discontinued operations			(189)	22,466
Net cash (used in) provided by operating activities			22,893	67,902
Purchases of property, plant and equipment			(16,477)	(13,284)
Proceeds from sale of property and equipment			606	397
Intercompany payable (receivable)			(5,382)	(45,068)
Net cash used in discontinued operations				(1,463)
Net cash used in investing activities			(21,253)	(59,418)
Repayments of long-term debt and capital leases			(1,264)	(1,648)
Proceeds from issuance of long-term debt				159
Intercompany payable			(286)	(5,575)
Net cash used in discontinued operations				(955)
Net cash used in financing activities			(1,550)	(8,019)
Increase (Decrease) in cash and cash equivalents			90	465
Cash and cash equivalents, beginning of period			(1,565)	2,695
Cash and cash equivalents, end of period	(1,475)	3,160	(1,475)	3,160
Non-Guarantors [Member]
Net income	1,751	2,440	1,274	2,833
Other cash (used in) provided by operating activities			(1,598)	(2,636)
Net cash (used in) provided by discontinued operations				(118)
Net cash (used in) provided by operating activities			(324)	79
Net cash used in discontinued operations				(270)
Net cash used in investing activities				(270)
Repayments of long-term debt and capital leases			(1)	(2)
Net cash used in discontinued operations				(184)
Net cash used in financing activities			(1)	(186)
Effect of exchange rate changes on cash and cash equivalents			(179)	(25)
Increase (Decrease) in cash and cash equivalents			(504)	(402)
Cash and cash equivalents, beginning of period			2,582	9,714
Cash and cash equivalents, end of period	2,078	9,312	2,078	9,312
Eliminations [Member]
Net income	$ (19,769)	$ (71,831)	(10,400)	(65,515)
Other cash (used in) provided by operating activities			10,400	65,515
Intercompany payable (receivable)			5,096	39,493
Net cash used in investing activities			5,096	39,493
Intercompany payable			(5,096)	(39,493)
Net cash used in financing activities			$ (5,096)	$ (39,493)

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - USD ($)	Aug. 14, 2015	Jul. 04, 2015	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Subsequent Event [Line Items]
Goodwill impairment losses				$ 0	$ 53,300,000	$ 0
Phoenix Color Corporation and Subsidiaries [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Cash consideration	$ 90,000,000
Phoenix Color Corp [Member]
Subsequent Event [Line Items]
Goodwill impairment losses		$ 53,300,000	$ 53,300,000		$ 53,300,000