Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | |
Mar. 29, 2014 | Apr. 25, 2014 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'STANLEY FURNITURE CO INC. | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 14,844,689 |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0000797465 | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Filer Category | 'Non-accelerated Filer | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Period End Date | 29-Mar-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Mar. 29, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash | $9,964 | $7,218 |
Restricted cash | 1,737 | 1,737 |
Short-term investments | 5,000 | 10,000 |
Accounts receivable, less allowances of $1,205 and $716 | 12,758 | 12,002 |
Inventories: | ' | ' |
Finished goods | 29,629 | 30,830 |
Work-in-process | 1,521 | 832 |
Raw materials | 1,292 | 2,004 |
Total inventories | 32,442 | 33,666 |
Prepaid and other current assets | 3,576 | 3,964 |
Deferred taxes | 572 | 699 |
Total current assets | 66,049 | 69,286 |
Property, plant and equipment, net | 19,681 | 20,144 |
Other assets | 4,722 | 5,794 |
Total assets | 90,452 | 95,224 |
Current liabilities: | ' | ' |
Accounts payable | 7,647 | 7,897 |
Accrued salaries, wages and benefits | 2,946 | 3,350 |
Other accrued expenses | 2,169 | 1,951 |
Total current liabilities | 12,762 | 13,198 |
Deferred income taxes | 572 | 699 |
Other long-term liabilities | 5,699 | 5,686 |
Total liabilities | 19,033 | 19,583 |
STOCKHOLDERS’ EQUITY | ' | ' |
Common stock, $.02 par value, 25,000,000 shares authorized, 14,844,689 and 14,520,083 shares issued and outstanding | 283 | 283 |
Capital in excess of par value | 15,955 | 15,732 |
Retained earnings | 55,374 | 59,784 |
Accumulated other comprehensive loss | -193 | -158 |
Total stockholders’ equity | 71,419 | 75,641 |
Total liabilities and stockholders’ equity | $90,452 | $95,224 |
CONSOLIDATED_BALANCE_SHEETS_Pa
CONSOLIDATED BALANCE SHEETS (Parentheticals) (USD $) | Mar. 29, 2014 | Dec. 31, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Allowances (in Dollars) | $1,205 | $716 |
Common stock par value (in Dollars per share) | $0.02 | $0.02 |
Common stock, shares authorized | 25,000,000 | 25,000,000 |
Common stock, shares issued | 14,844,689 | 14,520,083 |
Common stock, shares outstanding | 14,844,689 | 14,520,083 |
CONSOLIDATED_STATEMENTS_OF_OPE
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 29, 2014 | Mar. 30, 2013 |
Net sales | $21,891 | $26,052 |
Cost of sales | 20,498 | 22,667 |
Gross profit | 1,393 | 3,385 |
Selling, general and administrative expenses | 5,418 | 4,857 |
Operating loss | -4,025 | -1,472 |
Other income, net | 331 | 2 |
Interest income | 6 | 21 |
Interest expense | 732 | 652 |
Loss before income taxes | -4,420 | -2,101 |
Income tax benefit | -10 | -7 |
Net loss | ($4,410) | ($2,094) |
Basic (in Dollars per share) | ($0.31) | ($0.15) |
Diluted (in Dollars per share) | ($0.31) | ($0.15) |
Basic (in Shares) | 14,163 | 14,162 |
Diluted (in Shares) | 14,163 | 14,162 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 29, 2014 | Mar. 30, 2013 |
Net loss | ($4,410) | ($2,094) |
Other comprehensive loss: | ' | ' |
Amortization of prior service cost | 38 | 41 |
Amortization of actuarial loss | -3 | -8 |
Adjustments to net periodic benefit cost | 35 | 33 |
Comprehensive loss | ($4,445) | ($2,127) |
CONDENSED_CONSOLIDATED_STATEME
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 29, 2014 | Mar. 30, 2013 |
Cash flows from operating activities: | ' | ' |
Cash received from customers | $20,724 | $23,960 |
Cash paid to suppliers and employees | -22,853 | -30,909 |
Interest received, net | 3 | 18 |
Income taxes paid, net | ' | -96 |
Net cash used by operating activities | -2,126 | -7,027 |
Cash flows from investing activities: | ' | ' |
Sale of short-term securities | 5,000 | 5,000 |
Capital expenditures | -51 | -1,151 |
Purchase of other assets | -44 | -761 |
Net cash provided by investing activities | 4,905 | 3,088 |
Cash flows from financing activities: | ' | ' |
Purchase and retirement of common stock | ' | -353 |
Capital lease payments | -33 | -33 |
Net cash used by financing activities | -33 | -386 |
Net increase (decrease) in cash | 2,746 | -4,325 |
Cash at beginning of period | 7,218 | 10,930 |
Cash at end of period | 9,964 | 6,605 |
Reconciliation of net loss to net cash used by operating activities: | ' | ' |
Net loss | -4,410 | -2,094 |
Depreciation and amortization | 601 | 448 |
Stock-based compensation | 223 | 247 |
Other, net | 233 | ' |
Changes in assets and liabilities: | ' | ' |
Accounts receivable | -756 | -2,043 |
Inventories | 1,224 | -287 |
Prepaid expenses and other current assets | 419 | -88 |
Accounts payable | -214 | -2,962 |
Accrued salaries, wages and benefits | -452 | -721 |
Other accrued expenses | 231 | -79 |
Other assets | 729 | 649 |
Other long-term liabilities | 46 | -97 |
Net cash used by operating activities | ($2,126) | ($7,027) |
Preparation_of_Interim_Unaudit
Preparation of Interim Unaudited Consolidated Financial Statements | 3 Months Ended |
Mar. 29, 2014 | |
Disclosure Text Block [Abstract] | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' |
1. Preparation of Interim Unaudited Consolidated Financial Statements | |
The consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). In our opinion, these statements include all adjustments necessary for a fair presentation of the results of all interim periods reported herein. All such adjustments are of a normal recurring nature. Certain information and footnote disclosures prepared in accordance with generally accepted accounting principles have been either condensed or omitted pursuant to SEC rules and regulations. However, we believe that the disclosures made are adequate for a fair presentation of results of operations and financial position. Operating results for the interim periods reported herein may not be indicative of the results expected for the year. We suggest that these consolidated financial statements be read in conjunction with the consolidated financial statements and accompanying notes included in our latest Annual Report on Form 10-K. |
Property_Plant_and_Equipment
Property, Plant and Equipment | 3 Months Ended | |||||
Mar. 29, 2014 | ||||||
Property, Plant and Equipment [Abstract] | ' | |||||
Property, Plant and Equipment Disclosure [Text Block] | ' | |||||
2. Property, Plant and Equipment | ||||||
March 29, | December 31, | |||||
2014 | 2013 | |||||
Land and buildings | $ | 13,893 | $ | 13,893 | ||
Machinery and equipment | 27,567 | 27,549 | ||||
Office furniture and equipment | 1,902 | 1,902 | ||||
Construction in process | 14 | 16 | ||||
Property, plant and equipment, at cost | 43,376 | 43,360 | ||||
Less accumulated depreciation | 23,695 | 23,216 | ||||
Property, plant and equipment, net | $ | 19,681 | $ | 20,144 | ||
Income_taxes
Income taxes | 3 Months Ended |
Mar. 29, 2014 | |
Income Tax Disclosure [Abstract] | ' |
Income Tax Disclosure [Text Block] | ' |
3. Income taxes | |
During the three months of 2014, we recorded a non-cash charge to our valuation allowance of $1.9 million increasing our valuation allowance against deferred tax assets to $10.9 million at March 29, 2014. The primary assets covered by this valuation allowance are net operating loss carry forwards. The valuation allowance was calculated in accordance with the provisions of ASC 740, Income Taxes, which requires an assessment of both positive and negative evidence when measuring the need for a valuation allowance. Our results over the most recent three-year period were heavily affected by our business restructuring activities. Our cumulative loss in the most recent three-year period, in our view, represented sufficient negative evidence to require a valuation allowance under the provisions of ASC 740, Income Taxes. We intend to maintain a valuation allowance until sufficient positive evidence exists to support its reversal. Although realization is not assured, we have concluded that the remaining net deferred tax asset in the amount of $572 will be realized based on the reversal of existing deferred tax liabilities. The amount of the deferred tax assets actually realized, however, could vary if there are differences in the timing or amount of future reversals of existing deferred tax liabilities. Should we determine that we will not be able to realize all or part of our deferred tax asset in the future, an adjustment to the deferred tax asset will be charged to income in the period such determination is made. The income tax benefit recognized during the three month periods was primarily generated due to the releasing of reserves due to lapse of statute of limitations. | |
The major reconciling items between our effective income tax rate and the federal statutory rate are the increase in our valuation allowance and the cash surrender value on life insurance policies. |
Employee_Benefits_Plans
Employee Benefits Plans | 3 Months Ended | |||||
Mar. 29, 2014 | ||||||
Compensation and Retirement Disclosure [Abstract] | ' | |||||
Pension and Other Postretirement Benefits Disclosure [Text Block] | ' | |||||
4. Employee Benefits Plans | ||||||
Components of other postretirement benefit cost: | ||||||
Three Months Ended | ||||||
March 29, | March 30, | |||||
2014 | 2013 | |||||
Interest cost | $ | 27 | $ | 25 | ||
Amortization of prior service benefit | -38 | -41 | ||||
Amortization of accumulated loss | 3 | 8 | ||||
Net periodic postretirement benefit income | $ | -8 | $ | -8 | ||
Stockholders_Equity
Stockholders' Equity | 3 Months Ended | |||||||||||||
Mar. 29, 2014 | ||||||||||||||
Stockholders' Equity Note [Abstract] | ' | |||||||||||||
Stockholders' Equity Note Disclosure [Text Block] | ' | |||||||||||||
5. Stockholders’ Equity | ||||||||||||||
Basic earnings per common share are based upon the weighted average shares outstanding. Outstanding stock options are treated as potential common stock for purposes of computing diluted earnings per share. Basic and diluted earnings per share are calculated using the following share data: | ||||||||||||||
Three Months Ended | ||||||||||||||
March 29, | March 30, | |||||||||||||
2014 | 2013 | |||||||||||||
Weighted average shares outstanding for basic calculation | 14,163 | 14,162 | ||||||||||||
Add: Effect of dilutive stock options | ||||||||||||||
Weighted average shares outstanding, adjusted for diluted calculation | 14,163 | 14,162 | ||||||||||||
In the 2014 and 2013 first quarter periods, the dilutive effect of stock options is not recognized since we have a net loss. Approximately 1.8 million shares in 2014 and 2.1 million shares in 2013 are issuable upon the exercise of stock options, which were not included in the diluted per share calculation because they were anti-dilutive. Also, 677,000 shares in 2014 and 367,000 shares in 2013 of restricted stock were not included because they were anti-dilutive. | ||||||||||||||
A reconciliation of the activity in Stockholders’ Equity accounts for the quarter ended March 29, 2014 is as follows: | ||||||||||||||
Common Stock | Capital in | Retained | Accumulated Other Comprehensive Loss | |||||||||||
Excess of | Earnings | |||||||||||||
Par Value | ||||||||||||||
Balance, December 31, 2013 | $ | 283 | $ | 15,732 | $ | 59,784 | $ | -158 | ||||||
Net loss | -4,410 | |||||||||||||
Stock-based compensation | 223 | |||||||||||||
Adjustment to net periodic benefit cost | -35 | |||||||||||||
Balance, March 29,2014 | $ | 283 | $ | 15,955 | $ | 55,374 | $ | -193 | ||||||
Restructuring_and_Related_Char
Restructuring and Related Charges | 3 Months Ended | ||||||||||
Mar. 29, 2014 | |||||||||||
Restructuring and Related Activities [Abstract] | ' | ||||||||||
Restructuring and Related Activities Disclosure [Text Block] | ' | ||||||||||
6. Restructuring and Related Charges | |||||||||||
In 2011, we evaluated our overall warehousing and distribution requirements for our Stanley Furniture product line and concluded only a portion of the leased warehouse space in Stanleytown, Virginia would be required. As a result, we took charges for future lease obligations in 2011 and in 2012 for the portions of the Stanleytown warehouse facility no longer used. | |||||||||||
In 2012, we made the strategic decision to consolidate our corporate office and High Point showroom into a single multi-purpose facility in High Point, North Carolina. During 2013, we recorded $770,000 in restructuring charges in selling, general and administrative expenses for severance and relocation costs associated with this move and consolidation, with $260,000 of that total recorded in the first quarter. | |||||||||||
Restructuring accrual activity for the three months ending March 29, 2014 was as follows: | |||||||||||
Lease | Severance and | ||||||||||
Obligations | other termination | Total | |||||||||
costs | |||||||||||
Accrual at January 1, 2014 | $ | 488 | $ | 169 | $ | 657 | |||||
Charges to expense | |||||||||||
Cash payments | -61 | -104 | -165 | ||||||||
Accrual at March 29, 2014 | $ | 427 | $ | 65 | $ | 492 | |||||
Restructuring accrual activity for the three months ending March 30, 2013 was as follows: | |||||||||||
Lease | Severance and | Total | |||||||||
Obligations | other termination costs | ||||||||||
Accrual at January 1, 2013 | $ | 732 | $ | $ | 732 | ||||||
Charges to expense | 260 | 260 | |||||||||
Cash payments | -61 | -54 | -115 | ||||||||
Accrual at March 30, 2013 | $ | 671 | $ | 206 | $ | 877 | |||||
The restructuring accrual is classified as “Other accrued expenses”. |
Subsequent_Event
Subsequent Event | 3 Months Ended |
Mar. 29, 2014 | |
Subsequent Events [Abstract] | ' |
Subsequent Events [Text Block] | ' |
7. Subsequent Event | |
Subsequent to the first quarter of 2014, we concluded that revenue on our Young America product line remained below the level needed to reach profitability and that the time frame needed to assure sustainable profitability was longer than we felt was economically justified. Therefore, we made the decision to cease manufacturing operations at our Robbinsville, North Carolina facility. Restructuring related charges were $1.2 million in the first quarter with approximately half in cost of goods sold and the other half in selling, general and administrative expenses. These non-cash charges were to properly value inventory, accounts receivable and other assets based on this decision. During the second quarter we expect further restructuring and related charges as we cease production in Robbinsville, North Carolina, communicate termination dates for employees and recognize any further asset impairments. |
Property_Plant_and_Equipment_T
Property, Plant and Equipment (Tables) | 3 Months Ended | |||||
Mar. 29, 2014 | ||||||
Property, Plant and Equipment [Abstract] | ' | |||||
Property, Plant and Equipment [Table Text Block] | ' | |||||
March 29, | December 31, | |||||
2014 | 2013 | |||||
Land and buildings | $ | 13,893 | $ | 13,893 | ||
Machinery and equipment | 27,567 | 27,549 | ||||
Office furniture and equipment | 1,902 | 1,902 | ||||
Construction in process | 14 | 16 | ||||
Property, plant and equipment, at cost | 43,376 | 43,360 | ||||
Less accumulated depreciation | 23,695 | 23,216 | ||||
Property, plant and equipment, net | $ | 19,681 | $ | 20,144 |
Employee_Benefits_Plans_Tables
Employee Benefits Plans (Tables) | 3 Months Ended | |||||
Mar. 29, 2014 | ||||||
Compensation and Retirement Disclosure [Abstract] | ' | |||||
Schedule of Costs of Retirement Plans [Table Text Block] | ' | |||||
Three Months Ended | ||||||
March 29, | March 30, | |||||
2014 | 2013 | |||||
Interest cost | $ | 27 | $ | 25 | ||
Amortization of prior service benefit | -38 | -41 | ||||
Amortization of accumulated loss | 3 | 8 | ||||
Net periodic postretirement benefit income | $ | -8 | $ | -8 |
Stockholders_Equity_Tables
Stockholders' Equity (Tables) | 3 Months Ended | |||||||||||||
Mar. 29, 2014 | ||||||||||||||
Stockholders' Equity Note [Abstract] | ' | |||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | |||||||||||||
Three Months Ended | ||||||||||||||
March 29, | March 30, | |||||||||||||
2014 | 2013 | |||||||||||||
Weighted average shares outstanding for basic calculation | 14,163 | 14,162 | ||||||||||||
Add: Effect of dilutive stock options | ||||||||||||||
Weighted average shares outstanding, adjusted for diluted calculation | 14,163 | 14,162 | ||||||||||||
Schedule of Stockholders Equity [Table Text Block] | ' | |||||||||||||
Common Stock | Capital in | Retained | Accumulated Other Comprehensive Loss | |||||||||||
Excess of | Earnings | |||||||||||||
Par Value | ||||||||||||||
Balance, December 31, 2013 | $ | 283 | $ | 15,732 | $ | 59,784 | $ | -158 | ||||||
Net loss | -4,410 | |||||||||||||
Stock-based compensation | 223 | |||||||||||||
Adjustment to net periodic benefit cost | -35 | |||||||||||||
Balance, March 29,2014 | $ | 283 | $ | 15,955 | $ | 55,374 | $ | -193 |
Restructuring_and_Related_Char1
Restructuring and Related Charges (Tables) | 3 Months Ended | ||||||||||
Mar. 29, 2014 | |||||||||||
Restructuring and Related Activities [Abstract] | ' | ||||||||||
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] | ' | ||||||||||
Lease | Severance and | ||||||||||
Obligations | other termination | Total | |||||||||
costs | |||||||||||
Accrual at January 1, 2014 | $ | 488 | $ | 169 | $ | 657 | |||||
Charges to expense | |||||||||||
Cash payments | -61 | -104 | -165 | ||||||||
Accrual at March 29, 2014 | $ | 427 | $ | 65 | $ | 492 | |||||
Lease | Severance and | Total | |||||||||
Obligations | other termination costs | ||||||||||
Accrual at January 1, 2013 | $ | 732 | $ | $ | 732 | ||||||
Charges to expense | 260 | 260 | |||||||||
Cash payments | -61 | -54 | -115 | ||||||||
Accrual at March 30, 2013 | $ | 671 | $ | 206 | $ | 877 |
Property_Plant_and_Equipment_D
Property, Plant and Equipment (Details) - Property, Plant and Equipment (USD $) | Mar. 29, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Abstract] | ' | ' |
Land and buildings | $13,893 | $13,893 |
Machinery and equipment | 27,567 | 27,549 |
Office furniture and equipment | 1,902 | 1,902 |
Construction in process | 14 | 16 |
Property, plant and equipment, at cost | 43,376 | 43,360 |
Less accumulated depreciation | 23,695 | 23,216 |
Property, plant and equipment, net | $19,681 | $20,144 |
Income_taxes_Details
Income taxes (Details) (USD $) | 3 Months Ended |
Mar. 29, 2014 | |
Income Tax Disclosure [Abstract] | ' |
Valuation Allowance, Deferred Tax Asset, Change in Amount | $1,900,000 |
Deferred Tax Assets, Valuation Allowance | 10,900,000 |
Deferred Tax Assets, Net, Noncurrent | $572,000 |
Employee_Benefits_Plans_Detail
Employee Benefits Plans (Details) - Components of other postretirement benefit cost: (Other Postretirement Benefit Plan, Defined Benefit [Member], USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 29, 2014 | Mar. 30, 2013 |
Other Postretirement Benefit Plan, Defined Benefit [Member] | ' | ' |
Employee Benefits Plans (Details) - Components of other postretirement benefit cost: [Line Items] | ' | ' |
Interest cost | $27 | $25 |
Amortization of prior service benefit | -38 | -41 |
Amortization of accumulated loss | 3 | 8 |
Net periodic postretirement benefit income | ($8) | ($8) |
Stockholders_Equity_Details
Stockholders' Equity (Details) | 3 Months Ended | |
Mar. 29, 2014 | Mar. 30, 2013 | |
Equity Option [Member] | ' | ' |
Stockholders' Equity (Details) [Line Items] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1,800,000 | 2,100,000 |
Restricted Stock [Member] | ' | ' |
Stockholders' Equity (Details) [Line Items] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 677,000 | 367,000 |
Stockholders_Equity_Details_Ba
Stockholders' Equity (Details) - Basic and Diluted Earnings Per Share Calculation | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 29, 2014 | Mar. 30, 2013 |
Basic and Diluted Earnings Per Share Calculation [Abstract] | ' | ' |
Weighted average shares outstanding for basic calculation | 14,163 | 14,162 |
Add: Effect of dilutive stock options | ' | ' |
Weighted average shares outstanding, adjusted for diluted calculation | 14,163 | 14,162 |
Stockholders_Equity_Details_Re
Stockholders' Equity (Details) - Reconciliation of the activity in Stockholders` Equity accounts (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 29, 2014 | Mar. 30, 2013 |
Stockholders' Equity (Details) - Reconciliation of the activity in Stockholders` Equity accounts [Line Items] | ' | ' |
Balance, December 31, 2013 | $75,641 | ' |
Net loss | -4,410 | -2,094 |
Stock-based compensation | 223 | 247 |
Adjustment to net periodic benefit cost | 35 | 33 |
Balance, March 29,2014 | 71,419 | ' |
Common Stock [Member] | ' | ' |
Stockholders' Equity (Details) - Reconciliation of the activity in Stockholders` Equity accounts [Line Items] | ' | ' |
Balance, December 31, 2013 | 283 | ' |
Net loss | ' | ' |
Stock-based compensation | ' | ' |
Adjustment to net periodic benefit cost | ' | ' |
Balance, March 29,2014 | 283 | ' |
Additional Paid-in Capital [Member] | ' | ' |
Stockholders' Equity (Details) - Reconciliation of the activity in Stockholders` Equity accounts [Line Items] | ' | ' |
Balance, December 31, 2013 | 15,732 | ' |
Net loss | ' | ' |
Stock-based compensation | 223 | ' |
Adjustment to net periodic benefit cost | ' | ' |
Balance, March 29,2014 | 15,955 | ' |
Retained Earnings [Member] | ' | ' |
Stockholders' Equity (Details) - Reconciliation of the activity in Stockholders` Equity accounts [Line Items] | ' | ' |
Balance, December 31, 2013 | 59,784 | ' |
Net loss | -4,410 | ' |
Stock-based compensation | ' | ' |
Adjustment to net periodic benefit cost | ' | ' |
Balance, March 29,2014 | 55,374 | ' |
Accumulated Other Comprehensive Income (Loss) [Member] | ' | ' |
Stockholders' Equity (Details) - Reconciliation of the activity in Stockholders` Equity accounts [Line Items] | ' | ' |
Balance, December 31, 2013 | -158 | ' |
Net loss | ' | ' |
Stock-based compensation | ' | ' |
Adjustment to net periodic benefit cost | -35 | ' |
Balance, March 29,2014 | ($193) | ' |
Restructuring_and_Related_Char2
Restructuring and Related Charges (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
Mar. 29, 2014 | Mar. 30, 2013 | Mar. 30, 2013 | Dec. 31, 2013 | |
Severance and Relocation Cost [Member] | Severance and Relocation Cost [Member] | |||
Restructuring and Related Charges (Details) [Line Items] | ' | ' | ' | ' |
Restructuring Charges | ' | $260,000 | $260,000 | $770,000 |
Restructuring_and_Related_Char3
Restructuring and Related Charges (Details) - Restructuring accrual activity (USD $) | 3 Months Ended | |
Mar. 29, 2014 | Mar. 30, 2013 | |
Restructuring and Related Charges (Details) - Restructuring accrual activity [Line Items] | ' | ' |
Accrual, Begining of the Period | $657,000 | $732,000 |
Charges to expense | ' | 260,000 |
Cash payments | -165,000 | -115,000 |
Accrual, End of the Period | 492,000 | 877,000 |
Lease Obligations [Member] | ' | ' |
Restructuring and Related Charges (Details) - Restructuring accrual activity [Line Items] | ' | ' |
Accrual, Begining of the Period | 488,000 | 732,000 |
Charges to expense | ' | ' |
Cash payments | -61,000 | -61,000 |
Accrual, End of the Period | 427,000 | 671,000 |
Severance and Other Termination Costs [Member] | ' | ' |
Restructuring and Related Charges (Details) - Restructuring accrual activity [Line Items] | ' | ' |
Accrual, Begining of the Period | 169,000 | ' |
Charges to expense | ' | 260,000 |
Cash payments | -104,000 | -54,000 |
Accrual, End of the Period | $65,000 | $206,000 |
Subsequent_Event_Details
Subsequent Event (Details) (Robbinsville North Carolina Facility [Member], USD $) | 3 Months Ended |
In Millions, unless otherwise specified | Mar. 29, 2014 |
Robbinsville North Carolina Facility [Member] | ' |
Subsequent Event (Details) [Line Items] | ' |
Restructuring and Related Cost, Incurred Cost | $1.20 |