|12 Months Ended|
Jan. 02, 2016
|Sale-Leaseback Transaction [Abstract]|
|Sale Leaseback Transaction Disclosure [Text Block]||
On September 25, 2009, we completed the sale-leaseback of our St. Louis Park, Minnesota, building. The building is a 126,458-square-foot facility that included our corporate offices, a processing and recycling center, and an ApplianceSmart retail store. Pursuant to the agreement entered into on August 11, 2009, we sold the St. Louis Park building for $4,627, net of fees, and leased the building back over an initial lease term of five years. The sale of the building provided the Company with $2,032 in cash after repayment of the $2,595 mortgage. The sale-leaseback transaction resulted in an adjustment of $2,191 to the net book value related to the land and building, and we recorded a deferred gain of $2,436. Under the terms of the lease agreement, we are classified the lease as an operating lease and amortized the gain on a straight-line basis over five years. We amortized $365 of the deferred gain for fiscal year 2014 and is now fully amortized. The deferred gain amortization is netted against rent expense as a component of selling, general and administrative expenses in the consolidated statements of operations and comprehensive income (loss).
The entire disclosure for sale leaseback transactions. Includes the elements of a transaction involving the sale of property to another party and the lease of the property back to the seller.
Reference 1: http://www.xbrl.org/2003/role/presentationRef