KII Liquidating (KATYQ) 10-Q 12 May 14 2014 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 28, 2014	Apr. 25, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'KATY INDUSTRIES INC	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--12-31	'
Entity Common Stock, Shares Outstanding	'	7,951,176
Amendment Flag	'false	'
Entity Central Index Key	'0000054681	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Well-known Seasoned Issuer	'No	'
Document Period End Date	28-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

Katy_Industries_Balance_Sheet_

Katy Industries - Balance Sheet (in thousands) (USD $)	Mar. 28, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
CURRENT ASSETS:	'	'
Cash	$561	$708
Accounts receivable, net	11,349	7,206
Inventories, net	12,390	10,004
Other current assets	2,197	663
Assets held for sale	21	74
Total current assets	26,518	18,655
OTHER ASSETS:	'	'
Goodwill	2,788	'
Intangibles, net	4,052	'
Other	1,821	1,375
Total other assets	8,661	1,375
PROPERTY AND EQUIPMENT	'	'
Land and improvements	535	251
Buildings and improvements	6,175	3,080
Machinery and equipment	53,331	52,164
	60,041	55,495
Less - Accumulated depreciation	-49,039	-48,533
Property and equipment, net	11,002	6,962
Total assets	46,181	26,992
CURRENT LIABILITIES:	'	'
Accounts payable	8,106	5,983
Book overdraft	186	264
Accrued compensation	1,907	1,411
Accrued expenses	7,311	7,062
Payable to related party	3,275	2,750
Deferred revenue	186	186
Revolving credit agreement	22,489	7,706
Total current liabilities	43,460	25,362
DEFERRED REVENUE	279	316
OTHER LIABILITIES	3,798	3,794
Total liabilities	47,537	29,472
STOCKHOLDERS’ (DEFICIT) EQUITY 15% Convertible preferred stock, $100 par value; authorized 1,200,000 shares; issued and outstanding 1,131,551 shares; liquidation value $113,155	108,256	108,256
Common stock, $1 par value; authorized 35,000,000 shares; issued 9,822,304 shares	9,822	9,822
Additional paid-in capital	27,110	27,110
Accumulated other comprehensive loss	-886	-848
Accumulated deficit	-124,221	-125,383
Treasury stock, at cost, 1,871,128 shares	-21,437	-21,437
Total stockholders' (deficit) equity	-1,356	-2,480
Total liabilities and stockholders' (deficit) equity	$46,181	$26,992

Katy_Industries_Balance_Sheet_1

Katy Industries - Balance Sheet (in thousands) (Parentheticals) (USD $)	3 Months Ended	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 28, 2014	Dec. 31, 2013
15% Convertible preferred stock, $100 par value (in Dollars per share)	$100	$100
15% Convertible preferred stock, authorized 1,200,000 shares	1,200,000	1,200,000
15% Convertible preferred stock, 1,131,551 issued shares	1,131,551	1,131,551
15% Convertible preferred stock, 1,131,551 shares outstanding	1,131,551	1,131,551
15% Convertible preferred stock liquidation value $113,155 (in Dollars)	$113,155	$113,155
Common stock, $1 par value (in Dollars per share)	$1	$1
Common stock, shares authorized	35,000,000	35,000,000
Common stock, shares issued	9,822,304	9,822,304
Treasury stock, at cost, 1,871,128	1,871,128	1,871,128

Katy_Industries_Statement_of_O

Katy Industries - Statement of Operations (in thousands) (USD $)	3 Months Ended
Share data in Thousands, except Per Share data, unless otherwise specified	Mar. 28, 2014	Mar. 29, 2013
Net sales	$19,926,000	$18,161,000
Cost of goods sold	16,937,000	15,748,000
Gross profit	2,989,000	2,413,000
Selling, general and administrative expenses	3,890,000	3,385,000
Severance, restructuring and related charges	'	284,000
Operating loss	-901,000	-1,256,000
Interest expense	-281,000	-170,000
Other, net	40,000	34,000
Loss from continuing operations before income tax expense	-1,142,000	-1,392,000
Income tax benefit (expense) from continuing operations	2,304,000	-7,000
Income (loss) from continuing operations	150	-170
Income from operations of discontinued business (net of tax)	'	569,000
Net income (loss)	150	-100
Other comprehensive income	'	'
Foreign currency translation	-38,000	-12,000
Total comprehensive income (loss)	$1,124,000	($842,000)
Income (loss) per share of common stock - Basic:	'	'
Income (loss) from continuing operations (in Dollars per share)	$0.15	($0.17)
Discontinued operations (in Dollars per share)	'	$0.07
Net income (loss) (in Dollars per share)	$0.15	($0.10)
Income (loss) per share of common stock - Diluted:	'	'
Income (loss) from continuing operations (in Dollars per share)	$0.04	($0.17)
Discontinued operations (in Dollars per share)	'	$0.07
Net income (loss) (in Dollars per share)	$0.04	($0.10)
Weighted average common shares outstanding:	'	'
Basic and diluted (in Shares)	7,951	7,951
Diluted (in Shares)	26,810	7,951

Katy_Industries_Statement_of_C

Katy Industries - Statement of Cash Flows (in thousands) (USD $)	3 Months Ended
	Mar. 28, 2014	Mar. 29, 2013
Cash flows from operating activities:	'	'
Net income (loss)	$150	($100)
Income from discontinued operations	'	569,000
Income (loss) from continuing operations	150	-170
Depreciation	525,000	542,000
Amortization of intangible assets	14,000	'
Amortization of debt issuance costs	161,000	48,000
Stock-based compensation	44,000	79,000
Deferred income taxes	-2,318,000	'
	-412,000	-730,000
Changes in operating assets and liabilities:	'	'
Accounts receivable	-2,616,000	-1,556,000
Inventories	-981,000	-973,000
Other assets	-1,300,000	-363,000
Accounts payable	1,512,000	1,507,000
Accrued expenses	535,000	817,000
Payable to related party	125,000	-125,000
Deferred revenue	-38,000	-46,000
Other	-172,000	-278,000
	-2,935,000	-1,017,000
Net cash used in continuing operations	-3,347,000	-1,747,000
Net cash provided by discontinued operations	53,000	756,000
Net cash used in operating activities	-3,294,000	-991,000
Cash flows from investing activities:	'	'
Payment for acquistion, net of cash received	-11,006,000	'
Capital expenditures	-208,000	-94,000
Net cash used in investing activities	-11,214,000	-94,000
Cash flows from financing activities:	'	'
Net borrowings	14,783,000	1,371,000
Loan from related party	400,000	'
Decrease in book overdraft	-78,000	-225,000
Direct costs associated with debt facilities	-672,000	-19,000
Net cash provided by financing activities	14,433,000	1,127,000
Effect of exchange rate changes on cash from continuing operations	-69,000	-40,000
Effect of exchange rate changes on cash from discontinued operations	-3,000	-16,000
Effect of exchange rate changes on cash	-72,000	-56,000
Net decrease in cash	-147,000	-14,000
Cash, beginning of period	708,000	621,000
Cash, end of period	$561,000	$607,000

Note_1_SIGNIFICANT_ACCOUNTING_

Note 1. SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 28, 2014
Accounting Policies [Abstract]	'
Significant Accounting Policies [Text Block]	'
	Note 1.	SIGNIFICANT ACCOUNTING POLICIES
	Consolidation Policy and Basis of Presentation – The condensed consolidated financial statements include the accounts of Katy Industries, Inc. and subsidiaries in which it has a greater than 50% voting interest or significant influence, collectively “Katy” or the “Company”.  All significant intercompany accounts, profits and transactions have been eliminated in consolidation.  The Condensed Consolidated Balance Sheet at March 28, 2014 and the related Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the three months ended March 28, 2014 and March 29, 2013 and Cash Flows for the three months ended March 28, 2014 and March 29, 2013 have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission, and reflect all adjustments (consisting only of normal recurring adjustments) which are, in the opinion of management, necessary for a fair presentation of the financial condition, results of operations and cash flows of the Company for the interim periods.  Interim results may not be indicative of results to be realized for the entire year.  The condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto, together with management’s discussion and analysis of financial condition and results of operations, contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.  The Condensed Consolidated Balance Sheet as of December 31, 2013 was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States (“GAAP”).
	Fiscal Year – The Company operates and reports using a 4-4-5 fiscal year which always ends on December 31.  As a result, December and January do not typically consist of five and four weeks, respectively.  The three months ended March 28, 2014 and March 29, 2013 consisted of 61 and 63 shipping days, respectively.
	Use of Estimates – The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.
	Inventories – The components of inventories are as follows (amounts in thousands):
			March 28,			December 31,
			2014			2013
	Raw materials		$	6,968		$	5,803
	Finished goods			10,603			9,101
	Inventory reserves			(658	)		(534	)
	LIFO reserve			(4,523	)		(4,366	)
			$	12,390		$	10,004
	At March 28, 2014 and December 31, 2013, approximately 79% and 80%, respectively, of Katy’s inventories were accounted for using the last-in, first-out (“LIFO”) method of costing, while the remaining inventories were accounted for using the first-in, first-out (“FIFO”) method.  Current cost, as determined using the FIFO method, exceeded LIFO cost by $4.5 million and $4.4 million at March 28, 2014 and December 31, 2013, respectively.
	Share-Based Payment – Compensation cost recognized during the three months ended March 28, 2014 and March 29, 2013 includes: a) compensation cost for all stock options based on the grant date fair value amortized over the options’ vesting period and b) compensation cost for outstanding stock appreciation rights (“SARs”) as of March 28, 2014 and March 29, 2013 based on the March 28, 2014 and March 29, 2013 fair values, respectively.  The Company re-measures the fair value of SARs each reporting period until the award is settled and compensation expense is recognized each reporting period for changes in fair value and vesting.
	Compensation expense is included in selling, general and administrative expense in the Condensed Consolidated Statements of Operations.  The components of compensation expense are as follows (amounts in thousands):
			Three Months Ended
			March 28,			March 29,
			2014			2013
	Stock appreciation right expense		$	44		$	79
	The fair value of stock options are estimated at the date of grant using a Black-Scholes option pricing model.  As the Company does not have sufficient historical exercise data to provide a basis for estimating the expected term, the Company uses the simplified method for estimating the expected term by averaging the minimum and maximum lives expected for each award.  In addition, the Company estimated volatility by considering its historical stock volatility over a term comparable to the remaining expected life of each award.  The risk-free interest rate is the current yield available on U.S. treasury issues with a remaining term equal to each award.  The Company estimates forfeitures using historical results.  Its estimates of forfeitures will be adjusted over the requisite service period based on the extent to which actual forfeitures differ, or are expected to differ, from their estimate.  There were no stock options granted during the three months ended March 28, 2014 or March 29, 2013.
	The fair value of SARs, a liability award, was estimated at March 28, 2014 and March 29, 2013 using a Black-Scholes option pricing model.  The Company estimated the expected term by averaging the minimum and maximum lives expected for each award.  In addition, the Company estimated volatility by considering its historical stock volatility over a term comparable to the remaining expected life of each award.  The risk-free interest rate was the current yield available on U.S. treasury issues with a remaining term equal to each award.  The Company estimates forfeitures using historical results.  Its estimates of forfeitures will be adjusted over the requisite service period based on the extent to which actual forfeitures differ, or are expected to differ, from their estimate.  The assumptions for expected term, volatility and risk-free rate are presented in the table below:
		March 28,		March 29,
		2014		2013
	Expected term (years)	2.4 - 4.6		0.9 - 4.6
	Volatility	320.2% - 374.3%		290.0% - 348.6%
	Risk-free interest rate	0.7% - 1.6%		0.1% - 0.7%
	Accumulated Comprehensive Loss – The components of accumulated other comprehensive loss are foreign currency translation adjustments and pension and other postretirement benefits adjustments.  The balance of foreign currency translation adjustments was $0.6 million at March 28, 2014 and December 31, 2013.  The balance of pension and other postretirement benefits adjustments was $0.3 million at March 28, 2014 and December 31, 2013.
	Segment Reporting – Operating segments are components of an enterprise about which separate financial information is available that is evaluated regularly by the chief decision maker or group in deciding how to allocate resources and in assessing performance.  The Company’s chief decision maker reviews the results of operations and requests for capital expenditures based on one industry segment: manufacturing, importing and distributing commercial cleaning and storage products.  The Company’s entire revenue is generated through this segment.

Note_2_NEW_ACCOUNTING_PRONOUNC

Note 2. NEW ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 28, 2014
Table Text Block [Abstract]	'
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	'
	Note 2.	NEW ACCOUNTING PRONOUNCEMENTS
	Recently Issued Accounting Standards – In March 2013, the Financial Accounting Standards Board (“FASB”) issued amended guidance that resolves the diversity in practice for the accounting for the cumulative translation adjustment upon derecognition of certain subsidiaries or groups of assets within a foreign entity. The amended guidance requires that when a parent entity ceases to have a controlling financial interest in a subsidiary or group of assets within a foreign entity, the parent is required to release any related cumulative translation adjustment into net income in instances when a sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. Additionally, the amended guidance clarifies that the sale of an investment in a foreign entity includes both (1) events that result in the loss of a controlling financial interest in a foreign entity and (2) events that result in an acquirer obtaining control of an acquiree in which it held an equity interest immediately before the acquisition date. In these instances, an entity is required to release the cumulative translation adjustment into net income. We adopted the FASB's amended guidance during the three months ended March 31, 2014. The adoption of the guidance did not have a significant impact on our financial position, results of operations or cash flows.

Note_3_DISCONTINUED_OPERATIONS

Note 3. DISCONTINUED OPERATIONS	3 Months Ended
	Mar. 28, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	'
	Note 3.	DISCONTINUED OPERATIONS
	On January 24, 2013, the Company announced the closure of the Glit division of Continental Commercial Products, LLC. The Company ceased the majority of the operations of the division in the first quarter of 2013.  In addition, the Company entered into agreements to sell certain assets related to the Glit division in the first quarter of 2013. The Company used the net proceeds from the sale of assets to settle the outstanding operating liabilities related to the division and reduce the outstanding balance under the PB Loan Agreement (as defined in Note 4 below).
	On July 24, 2012, the Company announced the closure of the Container division of CCP. The Company sold certain assets related to the Container division for $0.6 million.
	The closure of the Glit and Container divisions met the criteria for classification as discontinued operations in accordance with GAAP; therefore, the Company has classified the results of the Glit and Container divisions as discontinued operations for all periods presented. Selected financial data for discontinued operations is summarized as follows (amounts in thousands):
			For the Three Months Ended
			29-Mar-13
			Total		Container			Glit
					Division			Division
	Net sales		$	6,960	$	-		$	6,960
	Operating income (loss)  - net of tax		$	569	$	(248	)	$	817
	The Company recognized deferred revenue of $1.9 million in the three months ended March 29, 2013.The recognition of deferred revenue is included in net sales for the Glit Division.
	The components of assets and liabilities held for sale as of March 28, 2014 and December 31, 2013 are as follows (amounts in thousands):
			March 28,		December 31,
			2014		2013
	Assets
	Receivables from property and equipment sales		$	21	$	74

Note_4_EARNINGS_LOSS_PER_SHARE

Note 4. EARNINGS (LOSS) PER SHARE	3 Months Ended
	Mar. 28, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	Note 4.	EARNINGS (LOSS) PER SHARE
	The consolidated financial statements include basic and diluted earnings (loss) per share. Diluted per share information is calculated by considering the impact of potential common stock on the weighted average shares outstanding. Potential common stock consists of (a) incremental shares that would be available for issuance upon the assumed exercise of stock options “in the money” based on the average stock price for the respective period and (b) convertible preferred shares, owned by Kohlberg & Co. LLC (see Note 9), accounted for using the “if converted” basis, which assumes their conversion to common stock at a ratio of 16.6:1. The basic and diluted earnings per share (“EPS”) calculations are as follows:
			Three Months Ended
			March 28,		March 29,
			2014		2013
	Income (loss) from continuing operations		$	1,162	$	(1,399	)
	Income from discontinued operations			-		569
	Net income (loss)		$	1,162	$	(830	)
	Average common shares outstanding - Basic			7,951		7,951
	Dilutive effect of stock options			-		-
	Dilutive effect of convertible preferred stock			18,859		-
	Average common shares outstanding - Diluted			26,810		7,951
	Per share amount - Basic:
	Income (loss) from continuing operations		$	0.15	$	(0.17	)
	Discontinued operations			-		0.07
	Net income (loss)		$	0.15	$	(0.10	)
	Per share amount - Diluted:
	Income (loss) from continuing operations		$	0.04	$	(0.17	)
	Discontinued operations			-		0.07
	Net income (loss)		$	0.04	$	(0.10	)
	As of March 28, 2014, no options were in the money and 12,000 options were out of the money. As of March 29, 2013, no options were in the money and 18,000 options were out of the money. At March 28, 2014 and March 29, 2013, 1,131,551 convertible preferred shares were outstanding, which are in total convertible into 18,859,183 shares of the Company’s common stock. Convertible preferred shares were not included in the calculation of diluted earnings (loss) per share for the three months ended March 29, 2013 because of their anti-dilutive impact as a result of the Company’s net loss position.

Note_5_INDEBTEDNESS

Note 5. INDEBTEDNESS	3 Months Ended
	Mar. 28, 2014
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	Note 5.	INDEBTEDNESS
	On February 19, 2014, the Company and BMO Harris Bank N.A. entered into a Credit and Security Agreement (the “BMO Credit Agreement”),  which provides the Company a $27.0 million revolving credit facility, including a $3.0 million sub-limit for letters of credit. The proceeds of the Company’s initial borrowing under the BMO Credit Agreement were used to repay the PrivateBank Loan and Security Agreement (the “PB Loan Agreement”), finance the acquisition of FTW (as defined in Note 11), and pay certain fees and expenses related to the negotiation and consummation of the BMO Credit Agreement and the acquisition. All extensions of credit under the BMO Credit Agreement are collateralized by a first priority security interest in and lien upon substantially all present and future assets and properties of the Company.
	The BMO Credit Agreement has an expiration date of February 17, 2017 and its borrowing base is determined by eligible inventory, accounts receivable, machinery and equipment and owned real estate, amounting to $24.6 million at March 28, 2014. The borrowing base under the BMO Credit Agreement is reduced by the outstanding amount of standby and commercial letters of credit. Currently, the Company’s largest letters of credit relate to its casualty insurance programs. Upon extinguishment of the PB loan Agreement, the Company was required to advance cash to PrivateBank  as collateral for the outstanding letters of credit in the amount of $1.5 million, all of which was still outstanding at March 28, 2014. The cash advance is recorded within other current assets and the revolving credit agreement in the Consolidated Balance Sheets. There was $22.5 million outstanding under the BMO Loan Agreement and $7.7 million outstanding under the PB Loan Agreement as of March 28, 2014 and December 31, 2013, respectively.
	Borrowings under the BMO Credit Agreement bear interest at a per annum rate equal to, at the Borrower’s option, (a) the Base Rate plus applicable Base Rate Margin, which varies from 0.50% to 1.00% based on average excess availability, or (b) reserve adjusted Eurodollar Rate plus the applicable Eurodollar Rate Margin, which varies from 1.50% to 2.00% based on average excess availability. The Base Rate is the greatest of (i) BMO Harris’ prime commercial rate as in effect on such day, (ii) the sum of the Fed Funds rate for such day plus 0.5%, and (iii) the Eurodollar Rate for one month plus 1.50%. The Eurodollar Rate is the British Bankers Association LIBOR Rate, as published by Reuters (or other commercially available source) with a term equivalent to the applicable one, two, three or six month interest period. An unused commitment fee of 25 basis points per annum is payable quarterly on the average unused amount of the BMO Credit Agreement. The BMO Credit Agreement includes financial covenants regarding fixed charge coverage ratio, maximum annual capital expenditures, minimum consolidated EBITDA at March 28, 2014 and minimum availability through June 2014. The Company was in compliance with the financial covenants at March 28, 2014.
	The BMO Credit Agreement requires a lockbox agreement which provides receipts (subject to certain exceptions) to be swept daily to reduce borrowings outstanding and allows for certain credit reserves to be set from time to time. These provisions in the BMO Credit Agreement cause the BMO Credit Agreement to be classified as a current liability, per guidance in the Accounting Standards Codification established by the Financial Accounting Standards Board. The Company does not expect to repay, or be required to repay, within one year, the balance of the BMO Credit Agreement, which is classified as a current liability. The BMO Credit Agreement does not expire or have a maturity date within one year, but rather has a final expiration date of February 17, 2017.
	All of the debt under the BMO Credit Agreement is re-priced to current rates at frequent intervals.  Therefore, its fair value approximates its carrying value at March 28, 2014.  For the three months ended March 28, 2014 and March 29, 2013, the Company had amortization of debt issuance costs, included within interest expense, of $161,000 and $48,000, respectively. Included in amortization of debt issuance costs for the three months ended March 28, 2014 is approximately $109,000 of debt issuance costs written off due to the extinguishment of the PB Loan Agreement.

Note_6_RETIREMENT_BENEFIT_PLAN

Note 6. RETIREMENT BENEFIT PLANS	3 Months Ended
	Mar. 28, 2014
Compensation and Retirement Disclosure [Abstract]	'
Pension and Other Postretirement Benefits Disclosure [Text Block]	'
	Note 6.	RETIREMENT BENEFIT PLANS
	Certain subsidiaries have pension plans covering substantially all of their employees.  These plans are noncontributory, defined benefit pension plans.  The benefits to be paid under these plans are generally based on employees’ retirement age and years of service.  The Company’s funding policies, subject to the minimum funding requirements of employee benefit and tax laws, are to contribute such amounts as determined on an actuarial basis to provide the plans with assets sufficient to meet the benefit obligations.  Plan assets consist primarily of fixed income investments, corporate equities and government securities.  The Company also provides certain health care and life insurance benefits for some of its retired employees.  The postretirement health plans are unfunded.
	Information regarding the Company’s net periodic benefit cost for pension and other postretirement benefit plans for the three months ended March 28, 2014 and March 29, 2013 is as follows (amounts in thousands):
			Pension Benefits						Other Benefits
			Three Months Ended						Three Months Ended
			March 28,			March 29,			March 28,			March 29,
			2014			2013			2014			2013
	Components of net periodic benefit cost:
	Interest cost		$	14		$	14		$	10		$	26
	Expected return on plan assets			(15	)		(14	)		-			-
	Amortization of net loss (gain)			9			12			(5	)		15
	Net periodic benefit cost		$	8		$	12		$	5		$	41
	During the three months ended March 28, 2014, the Company made contributions to the pension plans of $14,000.  The Company expects to contribute an additional $41,000 to the pension plans throughout the remainder of 2014.  The Company uses a December 31 measurement date for its pension and other postretirement benefit plans.  The fair value of plan assets was determined by using quoted prices in active markets for identical assets (Level 1 inputs per the fair value hierarchy).

Note_7_STOCK_INCENTIVE_PLANS

Note 7. STOCK INCENTIVE PLANS	3 Months Ended
	Mar. 28, 2014
Employee Stock Ownership Plan (ESOP), Debt Structure [Abstract]	'
Employee Stock Ownership Plan (ESOP), Debt Structure, Indirect Loan, Description	'
	Note 7.	STOCK INCENTIVE PLANS
	The Company has various stock incentive plans that provide for the granting of stock options, nonqualified stock options, SARs, restricted stock, performance units or shares and other incentive awards to certain employees and directors.  Options have been granted at or above the market price of the Company’s stock at the date of grant, typically vest over a three-year period, and are exercisable not less than twelve months or more than ten years after the date of grant.  SARs have been granted at or above the market price of the Company’s stock at the date of grant, typically vest over periods up to three years, and expire ten years from the date of issue.  No more than 50% of the cumulative number of vested SARs held by an employee can be exercised in any one calendar year.
	The following table summarizes stock option activity under each of the Company’s applicable plans:
							Weighted
					Weighted		Average	Aggregate
					Average		Remaining	Intrinsic
					Exercise		Contractual	Value
		Options			Price		Life	(in thousands)
	Outstanding at December 31, 2013		12,000		$	4.8
	Granted		-		$	-
	Exercised		-		$	-
	Expired		-		$	-
	Cancelled		-		$	-
	Outstanding at March 28, 2014		12,000		$	4.8	0.6 years	$	-
	Vested and Exercisable at March 28, 2014		12,000		$	4.8	0.6 years	$	-
	The following table summarizes SARs activity under each of the Company’s applicable plans:
			SARs
	Non-Vested at December 31, 2013			-
	Granted			-
	Vested			-
	Cancelled			-
	Non-Vested at March 28, 2014			-
	Total Outstanding at March 29, 2014			46,000
	At March 28, 2014 and December 31, 2013, the aggregate liability related to SARs was $64,000 and $20,000, respectively, and is included in accrued expenses in the Condensed Consolidated Balance Sheets.

Note_8_INCOME_TAXES

Note 8. INCOME TAXES	3 Months Ended
	Mar. 28, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	Note 8.	INCOME TAXES
	The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction, various states and foreign jurisdictions.  The Company and its subsidiaries are generally no longer subject to U.S. federal, state and local examinations by tax authorities for years before 2009.
	As a result of the acquisition of Ft. Wayne Holdings Inc. (“FTW”), the Company recorded deferred tax liabilities of $2.4 million which reduced its net deferred tax assets. The reduction in deferred tax assets caused a release of a valuation allowance of $2.3 million.
	As of March 28, 2014 and December 31, 2013, the Company had deferred tax assets, net of deferred tax liabilities, of $79.5 and $81.9 million, respectively.  Domestic net operating loss (“NOL”) carry forwards comprised $62.1 million of the deferred tax assets for both periods.  Katy’s history of operating losses in many of its taxing jurisdictions provides significant negative evidence with respect to the Company’s ability to generate future taxable income.  As a result, valuation allowances have been recorded as of such dates for the full amount of deferred tax assets, net of the amount of deferred tax liabilities.
	Accounting for Uncertainty in Income Taxes
	Included in the balances at each of March 28, 2014 and December 31, 2013 are $0.1 million of liabilities for unrecognized tax benefits.  Because of the impact of deferred tax accounting, other than interest and penalties, the recognition of these liabilities would not affect the annual effective tax rate.
	The Company recognizes interest and penalties accrued related to the unrecognized tax benefits in the income tax provision.  The Company had approximately $25,000 of interest and penalties accrued at each of March 28, 2014 and December 31, 2013.

Note_9_RELATED_PARTY_TRANSACTI

Note 9. RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 28, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	Note 9.	RELATED PARTY TRANSACTIONS
	Kohlberg & Co., L.L.C., whose affiliate holds all 1,131,551 shares of the Company’s Convertible Preferred Stock, provides ongoing management oversight and advisory services to the Company.  At March 28, 2014 and December 31, 2013, the Company owed Kohlberg $2.9 million and $2.8 million, respectively, for these services, which is recorded in current liabilities on the Condensed Consolidated Balance Sheets.  The Company incurs expense of $0.5 million per year for these services.  For each of the three months ended March 28, 2014 and March 29, 2013, $0.1 million is recorded in selling, general and administrative expenses in the Condensed Consolidated Statements of Operations for these services.
	In February 2014, loans of $0.1 million each were received from two directors of the Company, and a loan of $0.2 million was received from Kohlberg & Co. L.L.C., In connection with these loans, the Company entered into subordinated promissory notes with these individuals and Kohlberg & Co., L.L.C., respectively. These notes were used to finance the acquisition of FTW and are set to mature on December 31, 2014. The notes accrue interest at a rate of 15% per year, which will be paid by capitalizing such interest and adding such capitalized interest to the principal amount of the subordinated notes.

Note_10_COMMITMENTS_AND_CONTIN

Note 10. COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 28, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	Note 10.	COMMITMENTS AND CONTINGENCIES
	General Environmental Claims
	The Company and certain of its current and former direct and indirect corporate predecessors, subsidiaries and divisions are involved in remedial activities at certain present and former locations and have been identified by the United States Environmental Protection Agency (“EPA”), state environmental agencies and private parties as potentially responsible parties (“PRPs”) at a number of hazardous waste disposal sites under the Comprehensive Environmental Response, Compensation and Liability Act (“Superfund”) or equivalent state laws and, as such, may be liable for the cost of cleanup and other remedial activities at these sites.  Responsibility for cleanup and other remedial activities at a Superfund site is typically shared among PRPs based on an allocation formula.  Under the federal Superfund statute, parties could be held jointly and severally liable, thus subjecting them to potential individual liability for the entire cost of cleanup at the site.  Based on its estimate of allocation of liability among PRPs, the probability that other PRPs, many of whom are large, solvent, public companies, will fully pay the costs apportioned to them, currently available information concerning the scope of contamination, estimated remediation costs, estimated legal fees and other factors, the Company has recorded and accrued for environmental liabilities in amounts that it deems reasonable and believes that any liability with respect to these matters in excess of the accruals will not be material.  The ultimate costs will depend on a number of factors and the amount currently accrued represents management’s best current estimate on an undiscounted basis of the total costs to be incurred.  The Company expects this amount to be substantially paid over the next five to ten years.
	Other Claims
	There are a number of product liability, asbestos and workers’ compensation claims pending against the Company and its subsidiaries.  Many of these claims are proceeding through the litigation process and the final outcome will not be known until a settlement is reached with the claimant or the case is adjudicated.  The Company estimates that it can take up to ten years from the date of the injury to reach a final outcome on certain claims.  With respect to the product liability, asbestos and workers’ compensation claims, the Company has provided for its share of expected losses beyond the applicable insurance coverage, including those incurred but not reported to the Company or its insurance providers, which are developed using actuarial techniques. Such accruals are developed using currently available claim information, and represent management’s best estimates, including estimated legal fees, on an undiscounted basis.  The ultimate cost of any individual claim can vary based upon, among other factors, the nature of the injury, the duration of the disability period, the length of the claim period, the jurisdiction of the claim and the nature of the final outcome.
	Although management believes that the actions specified above in this section individually and in the aggregate are not likely to have outcomes that will have a material adverse effect on the Company’s financial position, results of operations or cash flow, further costs could be significant and will be recorded as a charge to operations when, and if, current information dictates a change in management’s estimates.

Note_11_BUSINESS_ACQUISTIONS

Note 11. BUSINESS ACQUISTIONS	3 Months Ended
	Mar. 28, 2014
Business Combinations [Abstract]	'
Business Combination Disclosure [Text Block]	'
	Note 11.	BUSINESS ACQUISTIONS
	On February 19, 2014, the Company acquired all of the equity interests of FTW, the parent company of Ft. Wayne Plastics, Inc. (“FWP”), a leading manufacturer of medium- to large- sized molded plastic components, specializing in low pressure, multi-nozzle structural plastic and gas assist solutions, for $11.5 million in cash, subject to certain pre-closing and post-closing purchase price adjustments. The acquisition of FWP’s premiere manufacturing capabilities and dedication to customer service are highly complementary with the Company.
	The recognized amounts of identifiable assets acquired and liabilities assumed, based upon their fair values as of February 19, 2014 are set forth below:
	Current assets		$	3,076
	Long-term assets			4,349
	Intangible assets			4,066
	Goodwill			2,788
	Total Assets Acquried			14,279
	Deferred tax liabilities			(2,440	)
	Other liabilities			(833	)
	Total liabilities assumed			(3,273	)
	Net assets acquired		$	11,006
	The accompanying consolidated statements of income for the three months ended  March 28, 2014 and March 29, 2013 do not include any revenues or expenses related to the acquisition prior to the respective closing date. The following unaudited pro forma consolidated financial information is presented as if the acquisition had occurred at the beginning of the periods presented. In addition, this unaudited pro forma financial information is provided for illustrative purposes only and should not be relied upon as necessarily being indicative of the historical results that would have been obtained if these acquisitions had actually occurred during those periods, or the results that may be obtained in the future as a result of these acquisitions.
	Pro Forma (unaudited)		Three months ended
			March 28,
			2014			2013
	Net Sales		$	21,438		$	22,427
	Gross profit		$	3,203		$	3,197
	Income (Loss) from continuing operations			1,296			(1,022	)
	Average common shares outstanding - Basic			7,951			7,951
	Dilutive effect of stock options			-			-
	Dilutive effect of convertible preferred stock			18,859			-
	Average common shares outstanding - Diluted			26,810			7,951
	Basic earnings per share			0.16			(0.13	)
	Diluted earnings per share			0.05			(0.13	)

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)	3 Months Ended
	Mar. 28, 2014
Accounting Policies [Abstract]	'
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	'
	Recently Issued Accounting Standards – In March 2013, the Financial Accounting Standards Board (“FASB”) issued amended guidance that resolves the diversity in practice for the accounting for the cumulative translation adjustment upon derecognition of certain subsidiaries or groups of assets within a foreign entity. The amended guidance requires that when a parent entity ceases to have a controlling financial interest in a subsidiary or group of assets within a foreign entity, the parent is required to release any related cumulative translation adjustment into net income in instances when a sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. Additionally, the amended guidance clarifies that the sale of an investment in a foreign entity includes both (1) events that result in the loss of a controlling financial interest in a foreign entity and (2) events that result in an acquirer obtaining control of an acquiree in which it held an equity interest immediately before the acquisition date. In these instances, an entity is required to release the cumulative translation adjustment into net income. We adopted the FASB's amended guidance during the three months ended March 31, 2014. The adoption of the guidance did not have a significant impact on our financial position, results of operations or cash flows

Note_1_SIGNIFICANT_ACCOUNTING_1

Note 1. SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 28, 2014
Accounting Policies [Abstract]	'
Schedule of Inventory, Current [Table Text Block]	'
			March 28,			December 31,
			2014			2013
	Raw materials		$	6,968		$	5,803
	Finished goods			10,603			9,101
	Inventory reserves			(658	)		(534	)
	LIFO reserve			(4,523	)		(4,366	)
			$	12,390		$	10,004
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]	'
			Three Months Ended
			March 28,			March 29,
			2014			2013
	Stock appreciation right expense		$	44		$	79
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	'
		March 28,		March 29,
		2014		2013
	Expected term (years)	2.4 - 4.6		0.9 - 4.6
	Volatility	320.2% - 374.3%		290.0% - 348.6%
	Risk-free interest rate	0.7% - 1.6%		0.1% - 0.7%

Note_3_DISCONTINUED_OPERATIONS1

Note 3. DISCONTINUED OPERATIONS (Tables)	3 Months Ended
	Mar. 28, 2014
Note 3. DISCONTINUED OPERATIONS (Tables) [Line Items]	'
Disclosure of Long Lived Assets Held-for-sale [Table Text Block]	'
		March 28,		December 31,
		2014		2013
	Assets
	Receivables from property and equipment sales	$	21	$	74
ForTheThreeMonthsEndedJune282013	'
Note 3. DISCONTINUED OPERATIONS (Tables) [Line Items]	'
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]	'For the Three Months Ended June 28, 2013
		For the Three Months Ended
		29-Mar-13
		Total		Container			Glit
				Division			Division
	Net sales	$	6,960	$	-		$	6,960
	Operating income (loss)  - net of tax	$	569	$	(248	)	$	817

Note_4_EARNINGS_LOSS_PER_SHARE1

Note 4. EARNINGS (LOSS) PER SHARE (Tables)	3 Months Ended
	Mar. 28, 2014
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
		Three Months Ended
		March 28,		March 29,
		2014		2013
	Income (loss) from continuing operations	$	1,162	$	(1,399	)
	Income from discontinued operations		-		569
	Net income (loss)	$	1,162	$	(830	)
	Average common shares outstanding - Basic		7,951		7,951
	Dilutive effect of stock options		-		-
	Dilutive effect of convertible preferred stock		18,859		-
	Average common shares outstanding - Diluted		26,810		7,951
	Per share amount - Basic:
	Income (loss) from continuing operations	$	0.15	$	(0.17	)
	Discontinued operations		-		0.07
	Net income (loss)	$	0.15	$	(0.10	)
	Per share amount - Diluted:
	Income (loss) from continuing operations	$	0.04	$	(0.17	)
	Discontinued operations		-		0.07
	Net income (loss)	$	0.04	$	(0.10	)

Note_6_RETIREMENT_BENEFIT_PLAN1

Note 6. RETIREMENT BENEFIT PLANS (Tables)	3 Months Ended
	Mar. 28, 2014
Compensation and Retirement Disclosure [Abstract]	'
Pension and Other Postretirement Plans, Policy [Policy Text Block]	'
		Pension Benefits						Other Benefits
		Three Months Ended						Three Months Ended
		March 28,			March 29,			March 28,			March 29,
		2014			2013			2014			2013
	Components of net periodic benefit cost:
	Interest cost	$	14		$	14		$	10		$	26
	Expected return on plan assets		(15	)		(14	)		-			-
	Amortization of net loss (gain)		9			12			(5	)		15
	Net periodic benefit cost	$	8		$	12		$	5		$	41

Note_7_STOCK_INCENTIVE_PLANS_T

Note 7. STOCK INCENTIVE PLANS (Tables)	3 Months Ended
	Mar. 28, 2014
Employee Stock Ownership Plan (ESOP), Debt Structure [Abstract]	'
Schedule of Share-based Compensation, Stock Options and Stock Appreciation Rights Award Activity [Table Text Block]	'
							Weighted
					Weighted		Average	Aggregate
					Average		Remaining	Intrinsic
					Exercise		Contractual	Value
		Options			Price		Life	(in thousands)
	Outstanding at December 31, 2013		12,000		$	4.8
	Granted		-		$	-
	Exercised		-		$	-
	Expired		-		$	-
	Cancelled		-		$	-
	Outstanding at March 28, 2014		12,000		$	4.8	0.6 years	$	-
	Vested and Exercisable at March 28, 2014		12,000		$	4.8	0.6 years	$	-
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	'
			SARs
	Non-Vested at December 31, 2013			-
	Granted			-
	Vested			-
	Cancelled			-
	Non-Vested at March 28, 2014			-
	Total Outstanding at March 29, 2014			46,000

Note_11_BUSINESS_ACQUISTIONS_T

Note 11. BUSINESS ACQUISTIONS (Tables)	3 Months Ended
	Mar. 28, 2014
Business Combinations [Abstract]	'
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	'
	Current assets	$	3,076
	Long-term assets		4,349
	Intangible assets		4,066
	Goodwill		2,788
	Total Assets Acquried		14,279
	Deferred tax liabilities		(2,440	)
	Other liabilities		(833	)
	Total liabilities assumed		(3,273	)
	Net assets acquired	$	11,006
Business Acquisition, Pro Forma Information [Table Text Block]	'
	Pro Forma (unaudited)	Three months ended
		March 28,
		2014			2013
	Net Sales	$	21,438		$	22,427
	Gross profit	$	3,203		$	3,197
	Income (Loss) from continuing operations		1,296			(1,022	)
	Average common shares outstanding - Basic		7,951			7,951
	Dilutive effect of stock options		-			-
	Dilutive effect of convertible preferred stock		18,859			-
	Average common shares outstanding - Diluted		26,810			7,951
	Basic earnings per share		0.16			(0.13	)
	Diluted earnings per share		0.05			(0.13	)

Note_1_SIGNIFICANT_ACCOUNTING_2

Note 1. SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 28, 2014	Dec. 31, 2013
Accounting Policies [Abstract]	'	'
Percentage of LIFO Inventory	79.00%	80.00%
FIFO Inventory Amount	$4.40	$4.50
Foreign Currency Transaction Loss, before Tax	0.6	'
Pension and Other Postretirement and Postemployment Benefit Plans, Liabilities, Current	$0.30	'

Note_1_SIGNIFICANT_ACCOUNTING_3

Note 1. SIGNIFICANT ACCOUNTING POLICIES (Details) - Inventories – The components of inventories are as follows (amounts in thousands): (USD $)	Mar. 28, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Inventories – The components of inventories are as follows (amounts in thousands): [Abstract]	'	'
Raw materials	$6,968	$5,803
Finished goods	10,603	9,101
Inventory reserves	-658	-534
LIFO reserve	-4,523	-4,366
	$12,390	$10,004

Note_1_SIGNIFICANT_ACCOUNTING_4

Note 1. SIGNIFICANT ACCOUNTING POLICIES (Details) - Compensation expense (income) is included in selling, general and administrative expense in the Cond (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 28, 2014	Mar. 29, 2013
Compensation expense (income) is included in selling, general and administrative expense in the Cond [Abstract]	'	'
Stock appreciation right expense	$44	$79

Note_3_DISCONTINUED_OPERATIONS2

Note 3. DISCONTINUED OPERATIONS (Details) (USD $)	0 Months Ended
In Millions, unless otherwise specified	Jul. 24, 2012	Mar. 29, 2013
Discontinued Operations and Disposal Groups [Abstract]	'	'
Proceeds from Sales of Business, Affiliate and Productive Assets	$0.60	'
Deferred Revenue	'	$1.90

Note_3_DISCONTINUED_OPERATIONS3

Note 3. DISCONTINUED OPERATIONS (Details) - For the Three Months Ended March 29, 2013 (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2013
March292013Total	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'
Net sales	$6,960
Operating income (loss) - net of tax	569
March292013ContainerDivision	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'
Operating income (loss) - net of tax	-248
March292013GlitDivision	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'
Net sales	6,960
Operating income (loss) - net of tax	$817

Note_3_DISCONTINUED_OPERATIONS4

Note 3. DISCONTINUED OPERATIONS (Details) - The components of assets held for sale are as follows (amounts in thousands): (USD $)	Mar. 28, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
The components of assets held for sale are as follows (amounts in thousands): [Abstract]	'	'
Receivables from property and equipment sales	$21	$74

Note_4_EARNINGS_LOSS_PER_SHARE2

Note 4. EARNINGS (LOSS) PER SHARE (Details)	Mar. 28, 2014	Mar. 29, 2013
Earnings Per Share [Abstract]	'	'
OptionsOutOfTheMoney	12,000	18,000
Redeemable Convertible Preferred Stock, Shares Outstanding	1,131,551	18,859,183

Note_4_EARNINGS_LOSS_PER_SHARE3

Note 4. EARNINGS (LOSS) PER SHARE (Details) - The consolidated financial statements include basic and diluted earnings (loss) per share. Diluted p (USD $)	3 Months Ended
Share data in Thousands, except Per Share data, unless otherwise specified	Mar. 28, 2014	Mar. 28, 2013	Mar. 29, 2013
The consolidated financial statements include basic and diluted earnings (loss) per share. Diluted p [Abstract]	'	'	'
Income (loss) from continuing operations	$150	($1,022,000)	($170)
Income from discontinued operations	'	'	-569,000
Net income (loss)	150	'	-100
Average common shares outstanding - Basic (in Shares)	7,951	7,951	7,951
Dilutive effect of convertible preferred stock	$18,859,000	'	'
Average common shares outstanding - Diluted (in Shares)	26,810	7,951	7,951
Per share amount - Basic:	'	'	'
Discontinued operations (in Dollars per share)	'	'	$0.07

Note_5_INDEBTEDNESS_Details

Note 5. INDEBTEDNESS (Details) (USD $)	3 Months Ended
	Mar. 28, 2014	Mar. 29, 2013	Feb. 19, 2014	Feb. 17, 2013	Oct. 04, 2011	Sep. 27, 2013	Dec. 31, 2012
						PBLoanAmountOutstanding	PBLoanAmountOutstanding
Note 5. INDEBTEDNESS (Details) [Line Items]	'	'	'	'	'	'	'
Line of Credit Facility, Maximum Borrowing Capacity	'	'	$3,000,000	$1,500,000	'	'	'
Notes Payable, Noncurrent	109,000	'	'	'	24,600,000	'	'
Line of Credit Facility, Amount Outstanding	'	'	'	'	'	22,500,000	7,700,000
Line of Credit Facility, Interest Rate at Period End	'	'	0.50%	'	'	'	'
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.25%	'	'	'	'	'	'
Interest Expense, Borrowings	$161,000	$48,000	'	'	'	'	'

Note_6_RETIREMENT_BENEFIT_PLAN2

Note 6. RETIREMENT BENEFIT PLANS (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 28, 2014	Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]	'	'
Pension Contributions	$14,000	$41,000

Note_6_RETIREMENT_BENEFIT_PLAN3

Note 6. RETIREMENT BENEFIT PLANS (Details) - Information regarding the Company’s net periodic benefit cost for pension and other postretirement b (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 28, 2014	Mar. 29, 2013	Mar. 28, 2014	Mar. 29, 2013
	ThreeMonthsEndedMarch282014OtherBenefits	ThreeMonthsEndedMarch292013OtherBenefits	ThreeMonthsEndedMarch282014	ThreeMonthsEndedMarch292013
Note 6. RETIREMENT BENEFIT PLANS (Details) - Information regarding the Company’s net periodic benefit cost for pension and other postretirement b [Line Items]	'	'	'	'
Interest cost	$10	$26	$14	$14
Expected return on plan assets	'	'	-15	-14
Amortization of net loss (gain)	-5	15	9	12
Net periodic benefit cost	$5	$41	$8	$12

Note_7_STOCK_INCENTIVE_PLANS_D

Note 7. STOCK INCENTIVE PLANS (Details) (USD $)	Mar. 28, 2014	Dec. 31, 2013
Employee Stock Ownership Plan (ESOP), Debt Structure [Abstract]	'	'
Derivative, Net Liability Position, Aggregate Fair Value	$64,000	$20,000

Note_7_STOCK_INCENTIVE_PLANS_D1

Note 7. STOCK INCENTIVE PLANS (Details) - The following table summarizes stock option activity under each of the Company’s applicable plans: (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 28, 2014
The following table summarizes stock option activity under each of the Company’s applicable plans: [Abstract]	'
Outstanding at December 31, 2013	4,800
Outstanding at December 31, 2013 (in Dollars per share)	$4.80
Granted	0
Granted (in Dollars per share)	$0
Granted	0
Granted (in Dollars)	$0
Exercised	0
Exercised (in Dollars per share)	$0
Exercised	0
Exercised (in Dollars)	0
Cancelled	0
Cancelled (in Dollars per share)	$0
Cancelled	0
Cancelled (in Dollars)	$0
Outstanding at March 28, 2014	4,800
Vested and Exercisable at March 28, 2014	12,000,000
Vested and Exercisable at March 28, 2014 (in Dollars per share)	$4.80

Note_7_STOCK_INCENTIVE_PLANS_D2

Note 7. STOCK INCENTIVE PLANS (Details) - The following table summarizes SARs activity under each of the Company’s applicable plans:	Mar. 28, 2014
In Thousands, unless otherwise specified
The following table summarizes SARs activity under each of the Company’s applicable plans: [Abstract]	'
Total Outstanding at March 29, 2014	46,000

Note_8_INCOME_TAXES_Details

Note 8. INCOME TAXES (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 28, 2014	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'	'	'
Operating Loss Carryforwards	'	'	$2,400,000
Valuation Allowance, Deferred Tax Asset, Change in Amount	2,300,000	'	'
Deferred Tax Assets, Net of Valuation Allowance	79,500,000	'	81,900,000
DeferredTaxCreditCarryForwardFederalMinimumTaxCredit	'	62,100,000	'
Unrecognized Tax Benefits	100,000	'	'
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$25,000	'	'

Note_9_RELATED_PARTY_TRANSACTI1

Note 9. RELATED PARTY TRANSACTIONS (Details) (USD $)	1 Months Ended	3 Months Ended
In Millions, except Share data, unless otherwise specified	Feb. 28, 2014	Mar. 28, 2014	Mar. 29, 2014	Dec. 31, 2013
Related Party Transactions [Abstract]	'	'	'	'
RelatedPartyConvertiblePreferredStock (in Shares)	'	'	1,131,551	'
Due to Related Parties	$0.10	$2.90	'	$2.80
Related Party Transaction, Amounts of Transaction	0.2	0.5	'	'
Other Selling, General and Administrative Expense	'	$0.10	'	'
Short-term Debt, Interest Rate Increase	15.00%	'	'	'

Note_11_BUSINESS_ACQUISTIONS_D

Note 11. BUSINESS ACQUISTIONS (Details)	0 Months Ended
	Feb. 19, 2014
Business Combinations [Abstract]	'
Business Combinations and Other Purchase of Business Transactions, Policy [Policy Text Block]	'
	$11.5 million

Note_11_BUSINESS_ACQUISTIONS_D1

Note 11. BUSINESS ACQUISTIONS (Details) - The recognized amounts of identifiable assets acquired and liabilities assumed, based upon their fai (USD $)	0 Months Ended
In Thousands, unless otherwise specified	Feb. 19, 2014
The recognized amounts of identifiable assets acquired and liabilities assumed, based upon their fai [Abstract]	'
Current assets	$3,076
Long-term assets	4,349
Intangible assets	4,066
Goodwill	2,788
Total Assets Acquried	14,279
Deferred tax liabilities	-2,440
Other liabilities	-833
Total liabilities assumed	-3,273
Net assets acquired	$11,006

Note_11_BUSINESS_ACQUISTIONS_D2

Note 11. BUSINESS ACQUISTIONS (Details) - The accompanying consolidated statements of income for the three months ended March 28, 2014 and Ma (USD $)	3 Months Ended
Share data in Thousands, except Per Share data, unless otherwise specified	Mar. 28, 2014	Mar. 28, 2013	Mar. 29, 2013
The accompanying consolidated statements of income for the three months ended March 28, 2014 and Ma [Abstract]	'	'	'
Net Sales	$21,438,000	$22,427,000	'
Gross profit	2,989,000	3,197,000	2,413,000
Income (Loss) from continuing operations	150	-1,022,000	-170
Average common shares outstanding - Basic (in Shares)	7,951	7,951	7,951
Dilutive effect of convertible preferred stock	$18,859,000	'	'
Average common shares outstanding - Diluted (in Shares)	26,810	7,951	7,951
Basic earnings per share (in Dollars per share)	$0.15	($0.13)	($0.10)
Diluted earnings per share (in Dollars per share)	$0.04	($0.13)	($0.10)