PGT Innovations (PGTI) 10-Q 5 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 03, 2015	Nov. 04, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 3, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	PGTI
Entity Registrant Name	PGT, Inc.
Entity Central Index Key	1,354,327
Current Fiscal Year End Date	--01-02
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		48,653,104

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 03, 2015	Sep. 27, 2014	Oct. 03, 2015	Sep. 27, 2014
Income Statement [Abstract]
Net sales	$ 100,668	$ 77,320	$ 296,802	$ 221,666
Cost of sales	71,247	54,136	203,395	152,565
Gross profit	29,421	23,184	93,407	69,101
Selling, general and administrative expenses	16,364	14,290	50,804	40,619
Income from operations	13,057	8,894	42,603	28,482
Interest expense, net	2,934	1,020	8,787	2,809
Debt extinguishment costs		2,829		2,829
Other expense, net	131	1,019	357	918
Income before income taxes	9,992	4,026	33,459	21,926
Income tax expense	3,646	1,695	13,681	8,442
Net income	$ 6,346	$ 2,331	$ 19,778	$ 13,484
Net income per common share:
Basic	$ 0.13	$ 0.05	$ 0.41	$ 0.29
Diluted	$ 0.13	$ 0.05	$ 0.39	$ 0.27
Weighted average shares outstanding:
Basic	48,596	47,399	48,131	47,271
Diluted	50,563	49,792	50,290	49,728
Comprehensive income	$ 6,346	$ 3,081	$ 21,449	$ 13,992

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 03, 2015	Jan. 03, 2015
Current assets:
Cash and cash equivalents	$ 54,792	$ 42,469
Accounts receivable, net	38,957	25,374
Inventories	22,992	19,970
Prepaid expenses and other current assets	6,458	6,464
Deferred income taxes	5,110	5,160
Total current assets	128,309	99,437
Property, plant and equipment, net	69,344	60,898
Trade name and other intangible assets, net	80,176	82,724
Goodwill	66,580	66,580
Other assets, net	2,370	2,110
Total assets	346,779	311,749
Current liabilities:
Accounts payable and accrued liabilities	24,414	17,328
Current portion of long-term debt	1,965	1,962
Total current liabilities	26,379	19,290
Long-term debt, less current portion	190,813	191,792
Deferred income taxes	25,956	25,956
Other liabilities	960	735
Total liabilities	$ 244,108	$ 237,773
Shareholders' equity:
Preferred stock; par value $.01 per share; 10,000 shares authorized; none outstanding
Common stock; par value $.01 per share; 200,000 shares authorized; 50,933 and 49,985 shares issued and 48,633 and 47,707 shares outstanding at October 3, 2015 and January 3, 2015, respectively	$ 509	$ 498
Additional paid-in-capital	244,430	238,229
Accumulated other comprehensive loss	0	(1,671)
Accumulated deficit	(132,231)	(152,009)
Shareholders' equity	112,708	85,047
Less: Treasury stock at cost	(10,037)	(11,071)
Total shareholders' equity	102,671	73,976
Total liabilities and shareholders' equity	$ 346,779	$ 311,749

Condensed Consolidated Balance4

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Oct. 03, 2015	Jan. 03, 2015
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, Shares authorized	10,000,000	10,000,000
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, Shares authorized	200,000,000	200,000,000
Common stock, shares issued	50,933,000	49,985,000
Common stock, shares outstanding	48,633,000	47,707,000

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Oct. 03, 2015	Sep. 27, 2014
Cash flows from operating activities:
Net income	$ 19,778	$ 13,484
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	4,997	3,116
Amortization	2,548	468
Recovery on allowance for doubtful accounts	(257)	(484)
Stock-based compensation	1,278	888
Amortization and write-off of deferred financing costs	745	3,490
Derivative financial instruments	126	174
Deferred income taxes	50	1,096
Excess tax benefits on stock-based compensation	(4,197)	(7,322)
Loss on disposal of assets	9
Change in operating assets and liabilities (net of the effect of the acquisition):
Accounts receivable	(13,842)	(5,416)
Inventories	(3,022)	(3,954)
Prepaid expenses, other current and other assets	(1,693)	(687)
Accounts payable, accrued and other liabilities	14,986	12,025
Net cash provided by operating activities	21,506	16,878
Cash flows from investing activities:
Purchases of property, plant and equipment	(13,629)	(14,486)
Business acquisition		(110,438)
Net cash used in investing activities	(13,629)	(124,924)
Cash flows from financing activities:
Payments of long-term debt	(1,500)	(79,000)
Proceeds from issuance of long-term debt		198,000
Payments of financing costs		(5,291)
Purchases of treasury stock	(4)	(1,025)
Proceeds from exercise of stock options	1,776	1,508
Excess tax benefits on stock-based compensation	4,197	7,322
Other	(23)
Net cash provided by financing activities	4,446	121,514
Net increase in cash and cash equivalents	12,323	13,468
Cash and cash equivalents at beginning of period	42,469	30,204
Cash and cash equivalents at end of period	54,792	43,672
Non-cash activity:
Property, plant and equipment additions in accounts payable	$ (176)	$ (1,007)

Basis of Presentation

Basis of Presentation	9 Months Ended
	Oct. 03, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	NOTE 1. BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements include the accounts of PGT, Inc. and its wholly-owned subsidiary, PGT Industries, Inc., and its wholly-owned subsidiary CGI Window and Holdings, Inc. (“CGI”) (collectively the “Company”), after elimination of intercompany accounts and transactions. We acquired CGI effective on September 22, 2014. The purchase price paid in the acquisition was $110.4 million, which was allocated to the net assets acquired and liabilities assumed as of the acquisition date, in accordance with ASC 805, “Business Combinations”. For a more detailed discussion of this acquisition, see Note 4 in the Company’s Annual Report on Form 10-K for the year ended January 3, 2015. These condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and footnotes required by United States Generally Accepted Accounting Principles (“GAAP”) for complete financial statements. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the interim periods are not necessarily indicative of the results that may be expected for the remainder of the current year or for any future periods. Each of our Company’s fiscal quarters ended October 3, 2015 and September 27, 2014, consisted of 13 weeks. The condensed consolidated balance sheet as of January 3, 2015, is derived from the audited consolidated financial statements, but does not include all disclosures required by GAAP. The condensed consolidated balance sheet as of January 3, 2015, and the unaudited condensed consolidated financial statements as of and for the period ended October 3, 2015, should be read in conjunction with the more detailed audited consolidated financial statements for the year ended January 3, 2015, included in the Company’s most recent Annual Report on Form 10-K. Accounting policies used in the preparation of these unaudited condensed consolidated financial statements are consistent with the accounting policies described in the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K. Recently Adopted Accounting Pronouncements In April 2014, the FASB issued ASU No. 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which changes the criteria for reporting discontinued operations. Under the new guidance, a discontinued operation is defined as a disposal of a component or group of components that is disposed of, or is classified as held for sale, and represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. Major strategic shifts include disposals of a significant geographic area or line of business. The new standard allows an entity to have significant continuing involvement and cash flows with the discontinued operation. The standard requires expanded disclosures for discontinued operations and new disclosures for individually material disposal transactions that do not meet the definition of a discontinued operation. This new guidance is effective for annual reporting periods beginning on or after December 15, 2014, and interim periods within those annual periods, with early adoption permitted only for disposals (or classifications as held for sale) that have not been previously reported. The adoption of this standard did not have a significant impact on our consolidated financial statements.

Warranty

Warranty	9 Months Ended
	Oct. 03, 2015
Guarantees [Abstract]
Warranty	NOTE 2. WARRANTY Most of our manufactured products are sold with warranties. Warranty periods, which vary by product components, generally range from 1 to 10 years; however, the warranty period for a limited number of specifically identified components in certain applications is a lifetime. The majority of the products sold have warranties on components which range from 1 to 3 years. The reserve for warranties is based on management’s assessment of the cost per service call and the number of service calls expected to be incurred to satisfy warranty obligations on the current net sales. During the three months ended October 3, 2015, we recorded warranty expense at a rate of approximately 2.00% of sales. This rate is in line with the 2.00% of sales accrued in the third quarter of 2014. The following table summarizes: current period charges, adjustments to previous estimates, if necessary, as well as settlements, which represent actual costs incurred during the period for the three and nine months ended October 3, 2015, and September 27, 2014. The reserve is determined through specific identification and assessing Company history. Expected future obligations are discounted to a current value using a risk-free rate for obligations with similar maturities. The following provides information with respect to our warranty accrual: Accrued Warranty Beginning Acquired Charged to Adjustments Settlements End of (in thousands) Three months ended October 3, 2015 $ 4,077 $ — $ 1,992 $ 19 $ (1,812 ) $ 4,276 Three months ended September 27, 2014 $ 2,306 $ 239 $ 1,535 $ 462 $ (1,337 ) $ 3,205 Nine months ended October 3, 2015 $ 3,302 $ — $ 6,168 $ 266 $ (5,460 ) $ 4,276 Nine months ended September 27, 2014 $ 2,666 $ 239 $ 3,861 $ 316 $ (3,877 ) $ 3,205

Inventories

Inventories	9 Months Ended
	Oct. 03, 2015
Inventory Disclosure [Abstract]
Inventories	NOTE 3. INVENTORIES Inventories consist principally of raw materials purchased for the manufacture of our products. We have limited finished goods inventory since all products are custom, made-to-order and usually ship upon completion. Finished goods inventory costs include direct materials, direct labor, and overhead. All inventories are stated at the lower of cost (first-in, first-out method) or market value. Inventories consisted of the following: October 3, January 3, (in thousands) Raw materials $ 19,052 $ 16,674 Work in progress 1,136 791 Finished goods 2,804 2,505 $ 22,992 $ 19,970

Stock Based-Compensation

Stock Based-Compensation	9 Months Ended
	Oct. 03, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Based-Compensation	NOTE 4. STOCK BASED-COMPENSATION Exercises For the three months ended October 3, 2015, there were 100,410 options exercised at a weighted average exercise price of $1.99 per share. For the nine months ended October 3, 2015, there were 868,750 options exercised at a weighted average exercise price of $2.04 per share. Issuance On March 4, 2015, we granted 178,256 restricted stock awards to certain executives and non-executive employees of the Company. The restrictions on these stock awards lapse over time based solely on continued service. However, the quantity of restricted shares granted on half of these shares, or 89,128 shares, is fixed, whereas the quantity granted on the remaining half, or 89,128 shares, is subject to Company-specific performance criteria. The restricted stock awards have a fair value on date of grant of $10.95 per share based on the closing NASDAQ market price of the common stock on the day prior to day the awards were granted. Those restricted shares whose quantity is fixed vest in equal amounts over a three-year period on the first, second and third anniversary dates of the grant. Those restricted shares whose quantity is subject to Company performance criteria vest in equal amounts over a two-year period on the second and third anniversary dates of the grant. The performance criteria, as defined in the share awards, provides for a graded awarding of shares based on the percentage by which the Company meets earnings before interest and taxes, as defined, in our 2015 business plan. The performance percentages, ranging from less than 80% to greater than 120%, provide for the awarding of shares ranging from no shares to 150% of the original amount of shares. We record stock compensation expense over an award’s vesting period based on the award’s fair value at the date of grant. We recorded compensation expense for stock based awards of $0.3 million for the three months ended October 3, 2015 and $0.3 million for the three months ended September 27, 2014. We recorded compensation expense for stock based awards of $1.3 million for the nine months ended October 3, 2015 and $0.9 million for the nine months ended September 27, 2014. As of October 3, 2015, and September 27, 2014, there was $1.6 million and $1.4 million, respectively, of total unrecognized compensation cost related to non-vested stock option agreements and restricted share awards. These costs are expected to be recognized in earnings on a straight-line basis over the weighted average remaining vesting period of 1.6 years at October 3, 2015, and 1.5 years at September 27, 2014.

Net Income Per Common Share

Net Income Per Common Share	9 Months Ended
	Oct. 03, 2015
Earnings Per Share [Abstract]
Net Income Per Common Share	NOTE 5. NET INCOME PER COMMON SHARE Basic EPS is computed by dividing net income available to common shareholders, by the weighted-average number of common shares outstanding during the period. Diluted EPS reflects the dilutive effect of potential common shares from securities such as stock options. Weighted average shares outstanding for the three months ended October 3, 2015, and September 27, 2014, excludes underlying options and restricted stock awards of 20 thousand and 92 thousand, respectively, because their effects were anti-dilutive. Weighted average shares outstanding for the nine months ended October 3, 2015, and September 27, 2014, excludes underlying options and restricted stock awards of 20 thousand and 70 thousand, respectively, because their effects were anti-dilutive. The table below presents the calculation of EPS and a reconciliation of weighted average common shares used in the calculation of basic and diluted EPS for our Company: Three Months Ended Nine Months Ended October 3, September 27, October 3, September 27, (in thousands, except per share amounts) Net income $ 6,346 $ 2,331 $ 19,778 $ 13,484 Weighted-average common shares - Basic 48,596 47,399 48,131 47,271 Add: Dilutive effect of stock compensation plans 1,967 2,393 2,159 2,457 Weighted-average common shares - Diluted 50,563 49,792 50,290 49,728 Net income per common share: Basic $ 0.13 $ 0.05 $ 0.41 $ 0.29 Diluted $ 0.13 $ 0.05 $ 0.39 $ 0.27

Goodwill, Trade Names, and Othe

Goodwill, Trade Names, and Other Intangible Assets	9 Months Ended
	Oct. 03, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Trade Names, and Other Intangible Assets	NOTE 6. GOODWILL, TRADE NAMES, AND OTHER INTANGIBLE ASSETS Goodwill, trade names, and other intangible assets, net, are as follows: October 3, January 3, Initial (in years) (in thousands) Goodwill $ 66,580 $ 66,580 indefinite Trade names and other intangible assets: Trade names $ 57,441 $ 57,441 indefinite Customer relationships 79,700 79,700 8-10 Developed technology 1,700 1,700 10 Non-compete agreement 600 600 2 Less: Accumulated amortization (59,265 ) (56,717 ) Subtotal 22,735 25,283 Other intangible assets, net $ 80,176 $ 82,724

Long-Term Debt

Long-Term Debt	9 Months Ended
	Oct. 03, 2015
Debt Disclosure [Abstract]
Long-Term Debt	NOTE 7. LONG-TERM DEBT On September 22, 2014, we entered into a Credit Agreement (the “2014 Credit Agreement”), among us, the lending institutions identified in the 2014 Credit Agreement, and Deutsche Bank AG New York Branch, as Administrative Agent and Collateral Agent. For further discussion of the significant terms of the 2014 Credit Agreement, see Note 8 in the Company’s Annual Report on Form 10-K The 2014 Credit Agreement contains a springing financial covenant, if we draw in excess of twenty percent (20%) of the revolving facility, which requires us to maintain a maximum total net leverage ratio (based on the ratio of total debt for borrowed money to trailing EBITDA, each as defined in the 2014 Credit Agreement), and is tested quarterly based on the last four fiscal quarters and is set at levels as described in the 2014 Credit Agreement. As of October 3, 2015, no such test is required as we have not exceeded 20% of our revolving capacity. The 2014 Credit Agreement also contains a number of affirmative and restrictive covenants, including limitations on the incurrence of additional debt, liens on property, acquisitions and investments, loans and guarantees, mergers, consolidations, liquidations and dissolutions, asset sales, dividends and other payments in respect of our capital stock, prepayments of certain debt and transactions with affiliates. The 2014 Credit Agreement also contains customary events of default. Upon the occurrence of an event of default, the amounts outstanding under the 2014 Credit Agreement may be accelerated and may become due and payable. The face value of the debt as of October 3, 2015, was $198.0 million. Related debt issuance costs and the debt discount are being amortized to interest expense, net on the condensed consolidated statements of comprehensive income over the term of the debt. The contractual future maturities of long-term debt outstanding as of October 3, 2015, are as follows (excluding unamortized debt discount and issuance costs): (in thousands) 2015 $ 500 2016 2,000 2017 2,000 2018 2,000 2019 2,000 Thereafter 189,500 Total $ 198,000

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Oct. 03, 2015
Equity [Abstract]
Accumulated Other Comprehensive Loss	NOTE 8. ACCUMULATED OTHER COMPREHENSIVE LOSS The following table shows the components of accumulated other comprehensive loss for the three months ended September 27, 2014 and nine months ended October 3, 2015, and September 27, 2014. There was no activity for the three months ended October 3, 2015: Three months ended September 27, 2014 (in thousands) Aluminum Interest Total Balance at June 28, 2014 $ (1,676 ) $ (789 ) $ (2,465 ) Amounts reclassified from accumulated other comprehensive loss 63 1,188 1,251 Tax effect (102 ) (399 ) (501 ) Net current-period other comprehensive income (loss) (39 ) 789 750 Balance at September 27, 2014 $ (1,715 ) $ — $ (1,715 ) Nine months ended October 3, 2015 (in thousands) Aluminum Balance at January 3, 2015 $ (1,671 ) Amounts reclassified from accumulated other comprehensive loss 126 Tax effect (50 ) Reversal of income tax allocation 1,595 Net current-period other comprehensive income 1,671 Balance at October 3, 2015 $ — Nine months ended September 27, 2014 (in thousands) Aluminum Interest Total Balance at December 28, 2013 $ (1,837 ) $ (386 ) $ (2,223 ) Other comprehensive income (loss) before reclassification 345 (557 ) (212 ) Amounts reclassified from accumulated other comprehensive loss (65 ) 1,188 1,123 Tax effect (158 ) (245 ) (403 ) Net current-period other comprehensive income 122 386 508 Balance at September 27, 2014 $ (1,715 ) $ — $ (1,715 ) The following table shows the reclassification out of accumulated other comprehensive loss for the three and nine months ended October 3, 2015, and September 27, 2014 ( in thousands): Amounts Reclassified From Affected Line Item in Three Months Ended October 3, September 27, Debit (Credit) Aluminum forward contracts - effective portion $ — $ 101 Cost of sales Aluminum forward contracts - ineffective portion — (38 ) Other expense, net Interest rate swap - de-designation — 1,188 Other expense, net Tax effect — (501 ) Tax expense Nine Months Ended October 3, September 27, Debit (Credit) Aluminum forward contracts - effective portion $ 126 $ (27 ) Cost of sales Aluminum forward contracts - ineffective portion — (38 ) Other expense, net Interest rate swap - de-designation — 1,188 Other expense, net Tax effect (50 ) (588 ) Tax expense

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 03, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 9. COMMITMENTS AND CONTINGENCIES Litigation Our Company is a party to various legal proceedings in the ordinary course of business. Although the ultimate disposition of those proceedings cannot be predicted with certainty, management believes the outcome of any claim that is pending or threatened, either individually or in the aggregate, will not have a materially adverse effect on our operations, financial position or cash flows.

Income Taxes

Income Taxes	9 Months Ended
	Oct. 03, 2015
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 10. INCOME TAXES Income tax expense was $3.6 million for the three months ended October 3, 2015, compared with $1.7 million for the three months ended September 27, 2014. Our effective tax rate for the three months ended October 3, 2015, was 36.5%, and was 42.1% for the three months ended September 27, 2014. Income tax expense for the nine months ended October 3, 2015, was $13.7 million, compared with $8.4 million for the nine months ended September 27, 2014. Our effective tax rate for the nine months ended October 3, 2015, was 40.9%, and was 38.5% for the nine months ended September 27, 2014. Income tax expense in the nine month period ended October 3, 2015, includes a $1.6 million discrete item of income tax expense representing income tax expense previously classified within accumulated other comprehensive losses, relating to the intraperiod income taxes on our effective aluminum hedges, allocated to other comprehensive income in the year ended January 2, 2010, which we reversed in the second quarter of 2015, as the result of the culmination of our remaining cash flow hedges. Excluding this discrete item of income tax expense, the effective tax rate for the nine month period ended October 3, 2015, would have been 36.1%. The effective tax rates in all periods of both 2015 and 2014, excluding the effect of the discrete income tax item in the nine months ended October 3, 2015, were lower than our combined statutory federal and state tax rate of 38.8% primarily as the result of the estimated impact of the section 199 domestic manufacturing deduction.

Derivatives

Derivatives	9 Months Ended
	Oct. 03, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	NOTE 11. DERIVATIVES Derivative Financial Instruments – Aluminum Contracts We enter into aluminum forward contracts to hedge the fluctuations in the purchase price of aluminum extrusion we use in production. Certain of our contracts are designated as cash flow hedges since they are highly effective in offsetting changes in the cash flows attributable to forecasted purchases of aluminum. For further discussion of our derivative financial instruments relating to aluminum contracts, see Note 9 in the Company’s Annual Report on Form 10-K for the year ended January 3, 2015. We maintain a $2.0 million line of credit with our commodities broker to cover the liability position of open contracts for the purchase of aluminum in the event that the price of aluminum falls. Should the price of aluminum fall to a level which causes our liability for open aluminum contracts to exceed $2.0 million, we are required to fund daily margin calls to cover the excess. As of October 3, 2015, no amounts were borrowed under this line of credit. At October 3, 2015, the fair value of our aluminum forward contracts was in a net liability position of $167 thousand, and had two outstanding forward contracts for the purchase of 0.8 million pounds of aluminum through December 2015, at an average price of $0.93 per pound, which excludes the Midwest premium, with maturity dates of between one month and two months. We assessed the risk of non-performance of the Company to these contracts and recorded a de minimis adjustment to fair value as of October 3, 2015. For the three and nine months ended October 3, 2015, and September 27, 2014, our outstanding contracts did not qualify as effective. In the case of our two outstanding contracts as of October 3, 2015, these contracts were never evaluated for or considered as qualifying for accounting as cash flow hedges. Effectiveness of aluminum forward contracts is determined by comparing the change in the fair value of the forward contract to the change in the expected cash to be paid for the hedged item. The effective portion of the gain or loss on our aluminum forward contracts is reported as a component of accumulated other comprehensive loss and is reclassified into earnings in the same line item in the income statement as the hedged item in the same period or periods during which the transaction affects earnings. When a cash flow hedge becomes ineffective, and if the forecasted hedged transaction is still probable of occurrence, amounts previously recorded in accumulated other comprehensive loss remain in accumulated other comprehensive loss and are recognized in earnings in the period in which the hedged transaction affects earnings. The changes in value of the aluminum forward contracts occurring after ineffectiveness and the contracts that had not been evaluated for or considered as qualifying for accounting as cash flow hedges, are recognized in other expense, net, on the condensed consolidated statements of comprehensive income. The adjustments relating to changes in value of aluminum forward contracts occurring after ineffectiveness were other income of $54 thousand for the three months ended and September 27, 2014, and other expenses of $224 thousand and other income of $182 thousand for the nine months ended October 3, 2015, and September 27, 2014, respectively. The adjustments relating to changes in value of aluminum contracts that had not been evaluated for or considered as qualifying for accounting as cash flow hedges were $131 thousand in the three and nine months ended October 3, 2015. As of October 3, 2015, we have no remaining accumulated other comprehensive income or loss. Derivative Financial Instruments – Interest Rate Contract We had an interest rate cap agreement we entered into on September 16, 2013. It is a two-year agreement with a notional amount of $20.0 million; and was initially designated as a cash flow hedge to protect the variable rate debt from an increase in the floating, one-month LIBOR rate of greater than 0.50%. Upon entering into the 2014 Credit Agreement, effective on September 22, 2014, it was de-designated as a cash flow hedge and has since been marked-to-market in other expense, net, on the condensed consolidated statements of comprehensive income, and were either zero or de minimis for the three and nine months ended October 3, 2015, and September 27, 2014, respectively. The fair value of our derivatives are classified in the accompanying condensed consolidated balance sheets as follows (in thousands): Derivatives in a net asset (liability) position Balance Sheet Location October 3, January 3, Derivative instruments: Aluminum forward contracts Accrued liabilities $ (167 ) $ (491 ) Interest rate cap Other current assets — 2 Total derivative instruments $ (167 ) $ (489 ) The impact of the offsetting derivative instruments are depicted below (in thousands): Gross Amounts not Offset Gross Gross Net Financial Cash Net As of October 3, 2015: Aluminum forward contracts $ (167 ) $ — $ (167 ) $ — $ — $ (167 ) As of January 3, 2015: Aluminum forward contracts $ (491 ) $ — $ (491 ) $ — $ — $ (491 ) Interest rate cap $ 2 $ — $ 2 $ — $ — $ 2 The following represents the gains (losses) on derivative financial instruments for the three and nine months ended October 3, 2015 and September 27, 2014, and their classifications within the accompanying condensed consolidated statements of comprehensive income. There were no amounts recognized in accumulated OCI(L) for either the three or nine months ended October 3, 2015, or the three months ended September 27, 2014. There were no amounts reclassified from accumulated OCI(L), or recognized in income for the three months ended October 3, 2015 (in thousands): Derivatives in Cash Flow Hedging Relationships Location of Gain or (Loss) Amount of Gain or Amount of Gain or Three Months Ended Three Months Ended Sept. 27, 2014 Sept. 27, 2014 Aluminum contracts Cost of sales $ (101 ) $ — Aluminum contracts Other expense, net 38 16 Interest rate swap Other expense, net (1,188 ) 115 $ (1,251 ) $ 131 Derivatives in Cash Flow Hedging Relationships Amount of Gain or (Effective Portion) Location of Gain or (Loss) Amount of Gain or Amount of Gain or Nine Months Ended Nine Months Ended Nine Months Ended Sept. 27, 2014 Oct. 3, Sept. 27, Oct. 3, Sept. 27, Aluminum contracts $ 345 Cost of sales $ (126 ) $ 27 $ (224 ) $ — Aluminum contracts — Other expense, net — 38 — 144 Interest rate cap — Other expense, net — — (2 ) (27 ) Interest rate swap (557 ) Other expense, net — (1,188 ) — 115 $ (212 ) $ (126 ) $ (1,123 ) $ (226 ) $ 232

Fair Value

Fair Value	9 Months Ended
	Oct. 03, 2015
Fair Value Disclosures [Abstract]
Fair Value	NOTE 12. FAIR VALUE Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. A three-tier fair value hierarchy is used to prioritize the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted market prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The three levels of the fair value hierarchy are as follows: Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2 Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. The accounting guidance concerning fair value allows us to elect to measure financial instruments at fair value and report the changes in fair value through the condensed consolidated statements of comprehensive income. This election can only be made at certain specified dates and is irrevocable once made. We do not have a policy regarding specific assets or liabilities to elect to measure at fair value, but rather make the election on an instrument-by-instrument basis as they are acquired or incurred. Items Measured at Fair Value on a Recurring Basis The following assets and liabilities are measured in the condensed consolidated balance sheets at fair value on a recurring basis and are categorized in the table below based upon the lowest level of significant input to the valuation (in thousands): Fair Value Measurements Assets (Liabilities) Total Quoted (Level 1) Significant (Level 2) Significant (Level 3) As of October 3, 2015: Aluminum forward contracts $ (167 ) $ — $ (167 ) $ — $ (167 ) $ — $ (167 ) $ — As of January 3, 2015: Aluminum forward contracts $ (491 ) $ — $ (491 ) $ — Interest rate cap 2 — 2 — $ (489 ) $ — $ (489 ) $ — The following is a description of the methods and assumptions used to estimate the fair values of our assets and liabilities measured at fair value on a recurring basis, as well as the basis for classifying these assets and liabilities as Level 2. Aluminum forward contracts identical to those held by us trade on the London Metal Exchange (“LME”). The LME provides a transparent forum and is the world’s largest center for the trading of futures contracts for non-ferrous metals. The prices are used by the metals industry worldwide as the basis for contracts for the movement of physical material throughout the production cycle. Based on this high degree of volume and liquidity in the LME, we believe the valuation price at any measurement date for contracts with identical terms as to prompt date, trade date and trade price as those we hold at any time represents a contract’s exit price to be used for purposes of determining fair value. Interest rate cap and swap contracts identical to that held by us are sold by financial institutions. The valuation price at any measurement date for a contract with identical terms, exercise price, expiration date, settlement date, and notional quantities, as the one we hold, is used for determining the fair value. Fair Value of Financial Instruments The following table presents the carrying values and estimated fair values of financial assets and liabilities that are required to be recorded or disclosed at fair value at October 3, 2015, and January 3, 2015 (in thousands): October 3, 2015 January 3, 2015 Carrying Estimated Value Carrying Estimated Value Financial assets (liabilities) Cash and cash equivalents $ 54,792 $ 54,792 $ 42,469 $ 42,469 Accounts receivable, net $ 38,957 $ 38,957 $ 25,374 $ 25,374 Accounts payable and accrued liabilities $ (24,414 ) $ (24,414 ) $ (17,328 ) $ (17,328 ) Long-term debt (including current portion) $ (192,778 ) $ (192,778 ) $ (193,754 ) $ (193,754 ) The following provides a description of the methods and significant assumptions used in estimating the fair value of our financial instruments that are not measured at fair value on a recurring basis. Cash and cash equivalents Accounts receivable, net Accounts payable and accrued liabilities Debt

Subsequent Event

Subsequent Event	9 Months Ended
	Oct. 03, 2015
Subsequent Events [Abstract]
Subsequent Event	NOTE 13. SUBSEQUENT EVENT On October 28, 2015, we announced that our Board of Directors authorized a share buyback program of up to $20 million. Repurchases under the program, the timing, manner, price and amounts of which will be determined by the Company, will be made in open market or privately negotiated transactions, subject to market conditions, applicable legal requirements, our credit facility, and other relevant factors. The program may be suspended, terminated or modified at any time for any reason.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Oct. 03, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In April 2014, the FASB issued ASU No. 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which changes the criteria for reporting discontinued operations. Under the new guidance, a discontinued operation is defined as a disposal of a component or group of components that is disposed of, or is classified as held for sale, and represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. Major strategic shifts include disposals of a significant geographic area or line of business. The new standard allows an entity to have significant continuing involvement and cash flows with the discontinued operation. The standard requires expanded disclosures for discontinued operations and new disclosures for individually material disposal transactions that do not meet the definition of a discontinued operation. This new guidance is effective for annual reporting periods beginning on or after December 15, 2014, and interim periods within those annual periods, with early adoption permitted only for disposals (or classifications as held for sale) that have not been previously reported. The adoption of this standard did not have a significant impact on our consolidated financial statements.

Warranty (Tables)

Warranty (Tables)	9 Months Ended
	Oct. 03, 2015
Guarantees [Abstract]
Information Regarding Warranty Accrual	The following provides information with respect to our warranty accrual: Accrued Warranty Beginning Acquired Charged to Adjustments Settlements End of (in thousands) Three months ended October 3, 2015 $ 4,077 $ — $ 1,992 $ 19 $ (1,812 ) $ 4,276 Three months ended September 27, 2014 $ 2,306 $ 239 $ 1,535 $ 462 $ (1,337 ) $ 3,205 Nine months ended October 3, 2015 $ 3,302 $ — $ 6,168 $ 266 $ (5,460 ) $ 4,276 Nine months ended September 27, 2014 $ 2,666 $ 239 $ 3,861 $ 316 $ (3,877 ) $ 3,205

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Oct. 03, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of the following: October 3, January 3, (in thousands) Raw materials $ 19,052 $ 16,674 Work in progress 1,136 791 Finished goods 2,804 2,505 $ 22,992 $ 19,970

Net Income Per Common Share (Ta

Net Income Per Common Share (Tables)	9 Months Ended
	Oct. 03, 2015
Earnings Per Share [Abstract]
Calculation of EPS and Reconciliation of Weighted Average Common Shares Used in Calculation of Basic and Diluted EPS	The table below presents the calculation of EPS and a reconciliation of weighted average common shares used in the calculation of basic and diluted EPS for our Company: Three Months Ended Nine Months Ended October 3, September 27, October 3, September 27, (in thousands, except per share amounts) Net income $ 6,346 $ 2,331 $ 19,778 $ 13,484 Weighted-average common shares - Basic 48,596 47,399 48,131 47,271 Add: Dilutive effect of stock compensation plans 1,967 2,393 2,159 2,457 Weighted-average common shares - Diluted 50,563 49,792 50,290 49,728 Net income per common share: Basic $ 0.13 $ 0.05 $ 0.41 $ 0.29 Diluted $ 0.13 $ 0.05 $ 0.39 $ 0.27

Goodwill, Trade Names, and Ot23

Goodwill, Trade Names, and Other Intangible Assets (Tables)	9 Months Ended
	Oct. 03, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill, Trade Names and Other Intangible Assets Net	Goodwill, trade names, and other intangible assets, net, are as follows: October 3, January 3, Initial (in years) (in thousands) Goodwill $ 66,580 $ 66,580 indefinite Trade names and other intangible assets: Trade names $ 57,441 $ 57,441 indefinite Customer relationships 79,700 79,700 8-10 Developed technology 1,700 1,700 10 Non-compete agreement 600 600 2 Less: Accumulated amortization (59,265 ) (56,717 ) Subtotal 22,735 25,283 Other intangible assets, net $ 80,176 $ 82,724

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Oct. 03, 2015
Debt Disclosure [Abstract]
Contractual Future Maturities of Long-term Debt	The contractual future maturities of long-term debt outstanding as of October 3, 2015, are as follows (excluding unamortized debt discount and issuance costs): (in thousands) 2015 $ 500 2016 2,000 2017 2,000 2018 2,000 2019 2,000 Thereafter 189,500 Total $ 198,000

Accumulated Other Comprehensi25

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Oct. 03, 2015
Equity [Abstract]
Components of Accumulated Other Comprehensive Loss	The following table shows the components of accumulated other comprehensive loss for the three months ended September 27, 2014 and nine months ended October 3, 2015, and September 27, 2014. There was no activity for the three months ended October 3, 2015: Three months ended September 27, 2014 (in thousands) Aluminum Interest Total Balance at June 28, 2014 $ (1,676 ) $ (789 ) $ (2,465 ) Amounts reclassified from accumulated other comprehensive loss 63 1,188 1,251 Tax effect (102 ) (399 ) (501 ) Net current-period other comprehensive income (loss) (39 ) 789 750 Balance at September 27, 2014 $ (1,715 ) $ — $ (1,715 ) Nine months ended October 3, 2015 (in thousands) Aluminum Balance at January 3, 2015 $ (1,671 ) Amounts reclassified from accumulated other comprehensive loss 126 Tax effect (50 ) Reversal of income tax allocation 1,595 Net current-period other comprehensive income 1,671 Balance at October 3, 2015 $ — Nine months ended September 27, 2014 (in thousands) Aluminum Interest Total Balance at December 28, 2013 $ (1,837 ) $ (386 ) $ (2,223 ) Other comprehensive income (loss) before reclassification 345 (557 ) (212 ) Amounts reclassified from accumulated other comprehensive loss (65 ) 1,188 1,123 Tax effect (158 ) (245 ) (403 ) Net current-period other comprehensive income 122 386 508 Balance at September 27, 2014 $ (1,715 ) $ — $ (1,715 )
Reclassification Out of Accumulated Other Comprehensive Loss	The following table shows the reclassification out of accumulated other comprehensive loss for the three and nine months ended October 3, 2015, and September 27, 2014 ( in thousands): Amounts Reclassified From Affected Line Item in Three Months Ended October 3, September 27, Debit (Credit) Aluminum forward contracts - effective portion $ — $ 101 Cost of sales Aluminum forward contracts - ineffective portion — (38 ) Other expense, net Interest rate swap - de-designation — 1,188 Other expense, net Tax effect — (501 ) Tax expense Nine Months Ended October 3, September 27, Debit (Credit) Aluminum forward contracts - effective portion $ 126 $ (27 ) Cost of sales Aluminum forward contracts - ineffective portion — (38 ) Other expense, net Interest rate swap - de-designation — 1,188 Other expense, net Tax effect (50 ) (588 ) Tax expense

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
	Oct. 03, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Value of Derivatives	The fair value of our derivatives are classified in the accompanying condensed consolidated balance sheets as follows (in thousands): Derivatives in a net asset (liability) position Balance Sheet Location October 3, January 3, Derivative instruments: Aluminum forward contracts Accrued liabilities $ (167 ) $ (491 ) Interest rate cap Other current assets — 2 Total derivative instruments $ (167 ) $ (489 )
Schedule of Offsetting Derivative Instrument	The impact of the offsetting derivative instruments are depicted below (in thousands): Gross Amounts not Offset Gross Gross Net Financial Cash Net As of October 3, 2015: Aluminum forward contracts $ (167 ) $ — $ (167 ) $ — $ — $ (167 ) As of January 3, 2015: Aluminum forward contracts $ (491 ) $ — $ (491 ) $ — $ — $ (491 ) Interest rate cap $ 2 $ — $ 2 $ — $ — $ 2
Gains (Losses) on Derivative Financial Instruments	The following represents the gains (losses) on derivative financial instruments for the three and nine months ended October 3, 2015 and September 27, 2014, and their classifications within the accompanying condensed consolidated statements of comprehensive income. There were no amounts recognized in accumulated OCI(L) for either the three or nine months ended October 3, 2015, or the three months ended September 27, 2014. There were no amounts reclassified from accumulated OCI(L), or recognized in income for the three months ended October 3, 2015 (in thousands): Derivatives in Cash Flow Hedging Relationships Location of Gain or (Loss) Amount of Gain or Amount of Gain or Three Months Ended Three Months Ended Sept. 27, 2014 Sept. 27, 2014 Aluminum contracts Cost of sales $ (101 ) $ — Aluminum contracts Other expense, net 38 16 Interest rate swap Other expense, net (1,188 ) 115 $ (1,251 ) $ 131 Derivatives in Cash Flow Hedging Relationships Amount of Gain or (Effective Portion) Location of Gain or (Loss) Amount of Gain or Amount of Gain or Nine Months Ended Nine Months Ended Nine Months Ended Sept. 27, 2014 Oct. 3, Sept. 27, Oct. 3, Sept. 27, Aluminum contracts $ 345 Cost of sales $ (126 ) $ 27 $ (224 ) $ — Aluminum contracts — Other expense, net — 38 — 144 Interest rate cap — Other expense, net — — (2 ) (27 ) Interest rate swap (557 ) Other expense, net — (1,188 ) — 115 $ (212 ) $ (126 ) $ (1,123 ) $ (226 ) $ 232

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Oct. 03, 2015
Fair Value Disclosures [Abstract]
Items Measured at Fair Value on a Recurring Basis	The following assets and liabilities are measured in the condensed consolidated balance sheets at fair value on a recurring basis and are categorized in the table below based upon the lowest level of significant input to the valuation (in thousands): Fair Value Measurements Assets (Liabilities) Total Quoted (Level 1) Significant (Level 2) Significant (Level 3) As of October 3, 2015: Aluminum forward contracts $ (167 ) $ — $ (167 ) $ — $ (167 ) $ — $ (167 ) $ — As of January 3, 2015: Aluminum forward contracts $ (491 ) $ — $ (491 ) $ — Interest rate cap 2 — 2 — $ (489 ) $ — $ (489 ) $ —
Fair Value of Financial Instruments	The following table presents the carrying values and estimated fair values of financial assets and liabilities that are required to be recorded or disclosed at fair value at October 3, 2015, and January 3, 2015 (in thousands): October 3, 2015 January 3, 2015 Carrying Estimated Value Carrying Estimated Value Financial assets (liabilities) Cash and cash equivalents $ 54,792 $ 54,792 $ 42,469 $ 42,469 Accounts receivable, net $ 38,957 $ 38,957 $ 25,374 $ 25,374 Accounts payable and accrued liabilities $ (24,414 ) $ (24,414 ) $ (17,328 ) $ (17,328 ) Long-term debt (including current portion) $ (192,778 ) $ (192,778 ) $ (193,754 ) $ (193,754 )

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) $ in Millions	Sep. 22, 2014USD ($)
CGI [Member]
Business Acquisition [Line Items]
Acquisition of CGI, transaction value	$ 110.4

Warranty - Additional Informati

Warranty - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Oct. 03, 2015	Sep. 27, 2014	Oct. 03, 2015
Product Warranty Liability [Line Items]
Warranty expense rates	2.00%	2.00%
Minimum [Member]
Product Warranty Liability [Line Items]
Warranty periods			1 year
Warranty period of the majority of products sold			1 year
Maximum [Member]
Product Warranty Liability [Line Items]
Warranty periods			10 years
Warranty period of the majority of products sold			3 years

Warranty - Information Regardin

Warranty - Information Regarding Warranty Accrual (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 03, 2015	Sep. 27, 2014	Oct. 03, 2015	Sep. 27, 2014
Guarantees [Abstract]
Accrued Warranty, Beginning of Period	$ 4,077	$ 2,306	$ 3,302	$ 2,666
Accrued Warranty, Acquired		239		239
Accrued Warranty, Charged to Expense	1,992	1,535	6,168	3,861
Accrued Warranty, Adjustments	19	462	266	316
Accrued Warranty, Settlements	(1,812)	(1,337)	(5,460)	(3,877)
Accrued Warranty, End of Period	$ 4,276	$ 3,205	$ 4,276	$ 3,205

Inventories - Inventories (Deta

Inventories - Inventories (Detail) - USD ($) $ in Thousands	Oct. 03, 2015	Jan. 03, 2015
Inventory Disclosure [Abstract]
Raw materials	$ 19,052	$ 16,674
Work in progress	1,136	791
Finished goods	2,804	2,505
Total inventory	$ 22,992	$ 19,970

Stock Based-Compensation - Addi

Stock Based-Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Mar. 04, 2015	Oct. 03, 2015	Sep. 27, 2014	Oct. 03, 2015	Sep. 27, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock options exercised		100,410		868,750
Weighted average exercise price of options exercised		$ 1.99		$ 2.04
Compensation expense for stock based awards		$ 300	$ 300	$ 1,278	$ 888
Total unrecognized compensation cost related to non-vested stock option and restricted stock awards		$ 1,600	$ 1,400	$ 1,600	$ 1,400
Weighted average remaining period of stock option				1 year 7 months 6 days	1 year 6 months
Restricted Stock Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance criteria defined in share awards				The performance percentages, ranging from less than 80% to greater than 120%, provide for the awarding of shares ranging from no shares to 150% of the original amount of shares.
Restricted Stock Award [Member] | Executives And Non-executive Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards	178,256
Fair value of common stock	$ 10.95
Company Performance Criteria [Member] | Executives And Non-executive Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards	89,128
Options vesting period	2 years
Fixed Criteria [Member] | Executives And Non-executive Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards	89,128
Options vesting period	3 years

Net Income Per Common Share - A

Net Income Per Common Share - Additional Information (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Oct. 03, 2015	Sep. 27, 2014	Oct. 03, 2015	Sep. 27, 2014
Earnings Per Share [Abstract]
Anti-dilutive options excluded from weighted average shares outstanding	20	92	20	70

Net Income Per Common Share - C

Net Income Per Common Share - Calculation of EPS and Reconciliation of Weighted Average Common Shares Used in Calculation of Basic and Diluted EPS (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 03, 2015	Sep. 27, 2014	Oct. 03, 2015	Sep. 27, 2014
Earnings Per Share [Abstract]
Net income	$ 6,346	$ 2,331	$ 19,778	$ 13,484
Weighted-average common shares - Basic	48,596	47,399	48,131	47,271
Add: Dilutive effect of stock compensation plans	1,967	2,393	2,159	2,457
Weighted-average common shares - Diluted	50,563	49,792	50,290	49,728
Net income per common share:
Basic	$ 0.13	$ 0.05	$ 0.41	$ 0.29
Diluted	$ 0.13	$ 0.05	$ 0.39	$ 0.27

Goodwill, Trade Names, and Ot35

Goodwill, Trade Names, and Other Intangible Assets - Schedule of Goodwill, Trade Names and Other Intangible Assets Net (Detail) - USD ($) $ in Thousands	9 Months Ended
	Oct. 03, 2015	Jan. 03, 2015
Indefinite-lived Intangible Assets [Line Items]
Goodwill	$ 66,580	$ 66,580
Less: Accumulated amortization	(59,265)	(56,717)
Subtotal	22,735	25,283
Other intangible assets, net	80,176	82,724
Customer Relationships [Member]
Indefinite-lived Intangible Assets [Line Items]
Intangible assets	$ 79,700	79,700
Customer Relationships [Member] | Minimum [Member]
Indefinite-lived Intangible Assets [Line Items]
Initial Useful Life (in years)	8 years
Customer Relationships [Member] | Maximum [Member]
Indefinite-lived Intangible Assets [Line Items]
Initial Useful Life (in years)	10 years
Developed Technology [Member]
Indefinite-lived Intangible Assets [Line Items]
Intangible assets	$ 1,700	1,700
Initial Useful Life (in years)	10 years
Noncompete Agreements [Member]
Indefinite-lived Intangible Assets [Line Items]
Intangible assets	$ 600	600
Initial Useful Life (in years)	2 years
Trade Names [Member]
Indefinite-lived Intangible Assets [Line Items]
Trade names	$ 57,441	$ 57,441

Long Term Debt - Additional Inf

Long Term Debt - Additional Information (Detail) $ in Millions	Oct. 03, 2015USD ($)
Line of Credit Facility [Line Items]
Letters of credit outstanding	$ 0.5
Revolving Credit Facility Percentage Margin Over Base Rate	20.00%
Face value of debt	$ 198
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit available on revolver	$ 34.5

Long Term Debt - Contractual Fu

Long Term Debt - Contractual Future Maturities of Long-Term Debt (Detail) $ in Thousands	Oct. 03, 2015USD ($)
Debt Disclosure [Abstract]
2,015	$ 500
2,016	2,000
2,017	2,000
2,018	2,000
2,019	2,000
Thereafter	189,500
Total	$ 198,000

Accumulated Other Comprehensi38

Accumulated Other Comprehensive Loss - Components of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 27, 2014	Oct. 03, 2015	Sep. 27, 2014
Components of Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ (2,465)	$ (1,671)	$ (2,223)
Other comprehensive income (loss) before reclassification			(212)
Amounts reclassified from accumulated other comprehensive loss	1,251		1,123
Tax effect	(501)		(403)
Net current-period other comprehensive income (loss)	750		508
Ending Balance	(1,715)	0	(1,715)
Aluminum Forward Contracts [Member]
Components of Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(1,676)	(1,671)	(1,837)
Other comprehensive income (loss) before reclassification			345
Amounts reclassified from accumulated other comprehensive loss	63	126	(65)
Tax effect	(102)	(50)	(158)
Reversal of income tax allocation		1,595
Net current-period other comprehensive income (loss)	(39)	$ 1,671	122
Ending Balance	(1,715)		(1,715)
Interest Rate Swap [Member]
Components of Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(789)		(386)
Other comprehensive income (loss) before reclassification			(557)
Amounts reclassified from accumulated other comprehensive loss	1,188		1,188
Tax effect	(399)		(245)
Net current-period other comprehensive income (loss)	$ 789		$ 386

Accumulated Other Comprehensi39

Accumulated Other Comprehensive Loss - Reclassification Out of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 03, 2015	Sep. 27, 2014	Oct. 03, 2015	Sep. 27, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	$ 71,247	$ 54,136	$ 203,395	$ 152,565
Other expense, net	(131)	(1,019)	(357)	(918)
Tax expense	$ 3,646	1,695	13,681	8,442
Reclassification Out of Accumulated Other Comprehensive Income [Member] | Aluminum Forward Contracts [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales		101	126	(27)
Other expense, net		(38)		(38)
Reclassification Out of Accumulated Other Comprehensive Income [Member] | Interest Rate Swap [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other expense, net		1,188		1,188
Tax expense		$ (501)	$ (50)	$ (588)

Income Taxes - Additional infor

Income Taxes - Additional information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 03, 2015	Sep. 27, 2014	Oct. 03, 2015	Sep. 27, 2014
Income Tax Disclosure [Abstract]
Income tax expense	$ 3,646	$ 1,695	$ 13,681	$ 8,442
Effective tax rates	36.50%	42.10%	40.90%	38.50%
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent			38.80%	38.80%
Income tax expense, discrete item			$ 1,600
Effective tax rate, excluding discrete item			36.10%

Derivatives - Additional Inform

Derivatives - Additional Information (Detail) lb in Millions	Sep. 16, 2013USD ($)	Oct. 03, 2015USD ($)Contractlb$ / lb	Sep. 27, 2014USD ($)	Oct. 03, 2015USD ($)Contractlb$ / lb	Sep. 27, 2014USD ($)	Jan. 03, 2015USD ($)	Jun. 28, 2014USD ($)	Dec. 28, 2013USD ($)
Derivative [Line Items]
Accumulated other comprehensive income or loss		$ 0	$ (1,715,000)	$ 0	$ (1,715,000)	$ (1,671,000)	$ (2,465,000)	$ (2,223,000)
Recognized in accumulated OCI(L)		0	0	0	(212,000)
Reclassified from accumulated OCI(L), or recognized in income		0	(1,251,000)	(126,000)	(1,123,000)
Other Expense, Net [Member]
Derivative [Line Items]
Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion)			131,000	(226,000)	232,000
Aluminum Contracts [Member]
Derivative [Line Items]
Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion)		131,000		131,000
Aluminum Contracts [Member] | Other Expense, Net [Member]
Derivative [Line Items]
Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion)			16,000	$ (224,000)	144,000
Reclassified from accumulated OCI(L), or recognized in income			38,000		38,000
Interest Rate Caps [Member]
Derivative [Line Items]
Term of interest rate cap agreement	2 years
Derivative instrument LIBOR rate exemption, interest rate cap agreement	0.50%
Notional amount of interest rate swap agreement	$ 20,000,000
Description of Location of Gain (Loss) on Interest Rate Derivative on Income Statement				Upon entering into the 2014 Credit Agreement, effective on September 22, 2014, it was de-designated as a cash flow hedge and has since been marked-to-market in other expense, net, on the condensed consolidated statements of comprehensive income, and were either zero or de minimis for the three and nine months ended October 3, 2015, and September 27, 2014, respectively.
Interest Rate Caps [Member] | Other Expense, Net [Member]
Derivative [Line Items]
Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion)				$ (2,000)	(27,000)
Aluminum Forward Contracts [Member]
Derivative [Line Items]
Line of credit to cover the liability position of open contracts		2,000,000		2,000,000
Price of aluminum, maximum exposure				2,000,000
Amounts borrowed under line of credit		0		0
Derivative financial instruments, fair value of net liability		$ 167,000		$ 167,000		491,000
Number of outstanding forward contracts, liability | Contract		2		2
Purchase of aluminum commodity contracts | lb		0.8		0.8
Aluminum commodity contracts, average price per pound | $ / lb		0.93		0.93
Aluminum commodity contracts, lower maturity date				1 month
Aluminum commodity contracts, upper maturity date				2 months
Accumulated other comprehensive income or loss			$ (1,715,000)		$ (1,715,000)	$ (1,671,000)	$ (1,676,000)	$ (1,837,000)

Derivatives - Fair Value of Der

Derivatives - Fair Value of Derivatives (Detail) - USD ($) $ in Thousands	Oct. 03, 2015	Jan. 03, 2015
Derivatives, Fair Value [Line Items]
Total derivative instruments	$ (167)	$ (489)
Aluminum Forward Contracts [Member]
Derivatives, Fair Value [Line Items]
Derivatives in a net liability position	(167)	(491)
Total derivative instruments	(167)	(491)
Aluminum Forward Contracts [Member] | Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivatives in a net liability position	$ (167)	(491)
Interest Rate Caps [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivatives in a net asset position		$ 2

Derivatives - Schedule of Offse

Derivatives - Schedule of Offsetting Derivative Instrument (Detail) - USD ($) $ in Thousands	Oct. 03, 2015	Jan. 03, 2015
Derivative [Line Items]
Gross Amounts of Recognized Liabilities	$ (167)	$ (489)
Interest Rate Caps [Member]
Derivative [Line Items]
Gross Amounts of Recognized Assets		2
Gross Amounts offset in Balance Sheet - Assets		0
Net amounts of Assets Presented in Balance Sheet		2
Financial Instruments - Assets		0
Cash Collateral Received - Assets		0
Net Amount		2
Aluminum Forward Contracts [Member]
Derivative [Line Items]
Gross Amounts of Recognized Liabilities	(167)	(491)
Gross Amounts offset in Balance Sheet - Liabilities	0	0
Net amounts of Liabilities Presented in Balance Sheet	(167)	(491)
Financial Instruments - Liabilities	0	0
Cash Collateral Pledged - Liabilities	0	0
Net Amount	$ (167)	$ (491)

Derivatives - Gains (Losses) on

Derivatives - Gains (Losses) on Derivative Financial Instruments (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 03, 2015	Sep. 27, 2014	Oct. 03, 2015	Sep. 27, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Accumulated OCI(L) on Derivatives (Effective Portion)	$ 0	$ 0	$ 0	$ (212,000)
Amount of Gain or (Loss) Reclassified from Accumulated OCI(L) into Income (Effective Portion)	0	(1,251,000)	(126,000)	(1,123,000)
Other Expense, Net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion)		131,000	(226,000)	232,000
Aluminum Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion)	$ 131,000		131,000
Aluminum Contracts [Member] | Other Expense, Net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from Accumulated OCI(L) into Income (Effective Portion)		38,000		38,000
Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion)		16,000	(224,000)	144,000
Aluminum Contracts [Member] | Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Accumulated OCI(L) on Derivatives (Effective Portion)				345,000
Amount of Gain or (Loss) Reclassified from Accumulated OCI(L) into Income (Effective Portion)		(101,000)	(126,000)	27,000
Interest Rate Caps [Member] | Other Expense, Net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion)			$ (2,000)	(27,000)
Interest Rate Swap [Member] | Other Expense, Net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Accumulated OCI(L) on Derivatives (Effective Portion)				(557,000)
Amount of Gain or (Loss) Reclassified from Accumulated OCI(L) into Income (Effective Portion)		(1,188,000)		(1,188,000)
Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion)		$ 115,000		$ 115,000

Fair Value - Items Measured at

Fair Value - Items Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Oct. 03, 2015	Jan. 03, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments, net liability and assets	$ (167)	$ (489)
Aluminum Forward Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments, net liability and assets	(167)	(491)
Interest Rate Caps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments, net liability and assets		2
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments, net liability and assets	(167)	(489)
Significant Other Observable Inputs (Level 2) [Member] | Aluminum Forward Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments, net liability and assets	$ (167)	(491)
Significant Other Observable Inputs (Level 2) [Member] | Interest Rate Caps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments, net liability and assets		$ 2

Fair Value - Fair Value of Fina

Fair Value - Fair Value of Financial Instruments (Detail) - USD ($) $ in Thousands	Oct. 03, 2015	Jan. 03, 2015	Sep. 27, 2014	Dec. 28, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 54,792	$ 42,469	$ 43,672	$ 30,204
Accounts receivable, net	38,957	25,374
Accounts payable and accrued liabilities	(24,414)	(17,328)
Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	54,792	42,469
Accounts receivable, net	38,957	25,374
Accounts payable and accrued liabilities	(24,414)	(17,328)
Long-term debt (including current portion)	(192,778)	(193,754)
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	54,792	42,469
Accounts receivable, net	38,957	25,374
Accounts payable and accrued liabilities	(24,414)	(17,328)
Long-term debt (including current portion)	$ (192,778)	$ (193,754)

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail)	Oct. 28, 2015USD ($)
Subsequent Event [Member]
Subsequent Event [Line Items]
Stock Repurchase Program, Authorized Amount	$ 20,000,000