View Filing Data

Print Document View Excel Document

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2017	Feb. 21, 2018	Jul. 02, 2017
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	FY
Trading Symbol	BGFV
Entity Registrant Name	BIG 5 SPORTING GOODS CORP
Entity Central Index Key	0001156388
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		21,271,821
Entity Public Float			$ 176,236,713

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Jan. 01, 2017
Current assets:
Cash	$ 7,170	$ 7,895
Accounts receivable, net of allowances of $79 and $42, respectively	10,886	12,200
Merchandise inventories, net	313,905	294,319
Prepaid expenses	18,930	10,085
Total current assets	350,891	324,499
Property and equipment, net	77,265	78,420
Deferred income taxes	14,172	23,699
Other assets, net of accumulated amortization of $1,575 and $1,420, respectively	2,732	2,528
Goodwill		4,433
Total assets	445,060	433,579
Current liabilities:
Accounts payable	113,740	109,314
Accrued expenses	68,226	76,887
Current portion of capital lease obligations	1,754	1,326
Total current liabilities	183,720	187,527
Deferred rent, less current portion	15,948	17,028
Capital lease obligations, less current portion	2,800	1,999
Long-term debt	45,000	10,000
Other long-term liabilities	10,523	11,988
Total liabilities	257,991	228,542
Commitments and contingencies
Stockholders' equity:
Common stock, $0.01 par value, authorized 50,000,000 shares; issued 24,919,624 and 24,784,367 shares, respectively; outstanding 21,345,159 and 22,012,651 shares, respectively	249	248
Additional paid-in capital	116,495	114,797
Retained earnings	112,424	124,363
Less: Treasury stock, at cost; 3,574,465 and 2,771,716 shares, respectively	(42,099)	(34,371)
Total stockholders' equity	187,069	205,037
Total liabilities and stockholders' equity	$ 445,060	$ 433,579

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2017	Jan. 01, 2017
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts receivable, current	$ 79	$ 42
Accumulated amortization on other assets	$ 1,575	$ 1,420
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	24,919,624	24,784,367
Common stock, shares outstanding	21,345,159	22,012,651
Treasury stock, shares	3,574,465	2,771,716

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Income Statement [Abstract]
Net sales	$ 1,009,635	$ 1,021,235	$ 1,029,098
Cost of sales	686,303	696,777	704,134
Gross profit	323,332	324,458	324,964
Selling and administrative expense	306,990	294,971	298,425
Operating income	16,342	29,487	26,539
Interest expense	1,644	1,551	1,791
Income before income taxes	14,698	27,936	24,748
Income taxes	13,594	11,050	9,451
Net income	$ 1,104	$ 16,886	$ 15,297
Earnings per share:
Basic	$ 0.05	$ 0.78	$ 0.70
Diluted	0.05	0.77	0.70
Dividends per share	$ 0.60	$ 0.525	$ 0.40
Weighted-average shares of common stock outstanding:
Basic	21,439	21,607	21,741
Diluted	21,585	21,816	21,927

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock Outstanding [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Treasury Stock, At Cost [Member]
Beginning Balance at Dec. 28, 2014	$ 195,004		$ 245	$ 110,707	$ 112,521	$ (28,469)
Beginning Balance, Shares at Dec. 28, 2014		22,180,458
Net income	15,297				15,297
Dividends on common stock	(8,820)				(8,820)
Issuance of nonvested share awards			2	(2)
Issuance of nonvested share awards, Shares		152,140
Exercise of share option awards	147			147
Exercise of share option awards, Shares		25,875
Share-based compensation	2,235			2,235
Tax deficiency from share-based awards activity	(167)			(167)
Forfeiture of nonvested share awards, Shares		(7,940)
Retirement of common stock for payment of withholding tax	(685)		(1)	(684)
Retirement of common stock for payment of withholding tax, Shares		(52,621)
Purchases of treasury stock	(4,180)					(4,180)
Purchases of treasury stock, Shares		(379,930)
Ending Balance at Jan. 03, 2016	198,831		246	112,236	118,998	(32,649)
Ending Balance, shares at Jan. 03, 2016		21,917,982
Net income	16,886				16,886
Dividends on common stock	(11,521)				(11,521)
Issuance of nonvested share awards			2	(2)
Issuance of nonvested share awards, Shares		166,980
Exercise of share option awards	1,079		1	1,078
Exercise of share option awards, Shares		137,161
Share-based compensation	2,319			2,319
Tax deficiency from share-based awards activity	(222)			(222)
Forfeiture of nonvested share awards, Shares		(21,860)
Retirement of common stock for payment of withholding tax	(613)		(1)	(612)
Retirement of common stock for payment of withholding tax, Shares		(53,682)
Shares withheld for exercise of share option awards	(112)					(112)
Shares withheld for exercise of share option awards, Shares		(7,031)
Purchases of treasury stock	(1,610)					(1,610)
Purchases of treasury stock, Shares		(126,899)
Ending Balance at Jan. 01, 2017	205,037		248	114,797	124,363	(34,371)
Ending Balance, shares at Jan. 01, 2017		22,012,651
Net income	1,104				1,104
Dividends on common stock	(13,043)				(13,043)
Issuance of nonvested share awards			2	(2)
Issuance of nonvested share awards, Shares		203,112
Exercise of share option awards	$ 67			67
Exercise of share option awards, Shares	11,086	11,086
Share-based compensation	$ 2,301			2,301
Forfeiture of nonvested share awards, Shares		(31,960)
Retirement of common stock for payment of withholding tax	$ (805)		(1)	(804)
Retirement of common stock for payment of withholding tax, Shares	(54,012)	(54,012)
Net disgorgement of stockholder's short-swing profits	$ 136			136
Purchases of treasury stock	(7,728)					(7,728)
Purchases of treasury stock, Shares		(795,718)
Ending Balance at Dec. 31, 2017	$ 187,069		$ 249	$ 116,495	$ 112,424	$ (42,099)
Ending Balance, shares at Dec. 31, 2017		21,345,159

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Dividends per share	$ 0.60	$ 0.525	$ 0.40
Retained Earnings [Member]
Dividends per share	$ 0.60	$ 0.525	$ 0.40

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Cash flows from operating activities:
Net income	$ 1,104,000	$ 16,886,000	$ 15,297,000
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	19,222,000	19,130,000	21,410,000
Impairment of store assets	602,000	0	192,000
Impairment of goodwill	4,433,000	0	0
Share-based compensation	2,301,000	2,319,000	2,235,000
Excess tax benefit related to share-based awards		(429,000)	(137,000)
Amortization of debt issuance costs	154,000	176,000	177,000
Deferred income taxes	9,527,000	(297,000)	415,000
Changes in operating assets and liabilities:
Accounts receivable, net	1,314,000	1,980,000	1,500,000
Merchandise inventories, net	(19,586,000)	5,127,000	10,642,000
Prepaid expenses and other assets	(8,955,000)	1,624,000	(3,142,000)
Accounts payable	(3,903,000)	18,995,000	(7,368,000)
Accrued expenses and other long-term liabilities	(10,597,000)	8,160,000	(1,576,000)
Net cash (used in) provided by operating activities	(4,384,000)	73,671,000	39,645,000
Cash flows from investing activities:
Purchases of property and equipment	(16,462,000)	(14,109,000)	(24,567,000)
Net cash used in investing activities	(16,462,000)	(14,109,000)	(24,567,000)
Cash flows from financing activities:
Principal borrowings under revolving credit facility	252,459,000	207,303,000	202,218,000
Principal payments under revolving credit facility	(217,459,000)	(252,149,000)	(213,684,000)
Changes in book overdraft	8,367,000	(119,000)	6,992,000
Debt issuance costs	(248,000)
Principal payments under capital lease obligations	(1,683,000)	(1,516,000)	(1,599,000)
Proceeds from exercise of share option awards	67,000	967,000	147,000
Proceeds from net disgorgement of stockholder's short-swing profits	136,000
Excess tax benefit related to share-based awards		429,000	137,000
Purchases of treasury stock	(7,728,000)	(1,610,000)	(4,180,000)
Tax withholding payments for share-based compensation	(805,000)	(613,000)	(685,000)
Dividends paid	(12,985,000)	(11,478,000)	(8,808,000)
Net cash provided by (used in) financing activities	20,121,000	(58,786,000)	(19,462,000)
Net (decrease) increase in cash	(725,000)	776,000	(4,384,000)
Cash at beginning of year	7,895,000	7,119,000	11,503,000
Cash at end of year	7,170,000	7,895,000	7,119,000
Supplemental disclosures of non-cash investing and financing activities:
Property and equipment acquired under capital leases	2,912,000	1,014,000	3,074,000
Property and equipment additions unpaid	1,471,000	2,176,000	2,663,000
Supplemental disclosures of cash flow information:
Interest paid	1,193,000	1,333,000	1,691,000
Income taxes paid	$ 14,288,000	$ 4,157,000	$ 8,331,000

Description of Business

12 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Description of Business

(1)	Description of Business

The accompanying consolidated financial statements as of December 31, 2017 and January 1, 2017 and for the years ended December 31, 2017 (“fiscal 2017”), January 1, 2017 (“fiscal 2016”) and January 3, 2016 (“fiscal 2015”) represent the financial position, results of operations and cash flows of Big 5 Sporting Goods Corporation (the “Company”) and its 100%-owned subsidiary, Big 5 Corp., and Big 5 Corp.’s 100%-owned subsidiary, Big 5 Services Corp. The Company is a leading sporting goods retailer in the western United States, operating 435 stores and an e-commerce platform as of December 31, 2017. The Company operates as one reportable segment under the “Big 5 Sporting Goods” name and provides a full-line product offering in a traditional sporting goods store format that averages approximately 11,000 square feet. The Company’s product mix includes athletic shoes, apparel and accessories, as well as a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation and roller sports.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

(2)	Summary of Significant Accounting Policies

Consolidation

The accompanying consolidated financial statements include the accounts of Big 5 Sporting Goods Corporation, Big 5 Corp. and Big 5 Services Corp. Intercompany balances and transactions have been eliminated in consolidation.

Reporting Period

The Company follows the concept of a 52-53 week fiscal year, which ends on the Sunday nearest December 31. Fiscal 2016 and 2017 each included 52 weeks and fiscal 2015 included 53 weeks.

Recently Adopted Accounting Updates

In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-09, Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting, which includes multiple provisions intended to simplify various aspects of the accounting for share-based payments, including treatment of excess tax benefits and forfeitures, as well as consideration of minimum statutory tax withholding requirements. The ASU took effect for public companies for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016, with early application permitted as of the beginning of an interim or annual reporting period. The Company adopted this standard in the first quarter of fiscal 2017, coinciding with the standard’s effective date, and has applied the effects of the adoption from the beginning of fiscal 2017, as follows:

•

Excess tax benefits or deficiencies are applied prospectively and recorded as a component of the income tax provision in the fiscal 2017 consolidated statement of operations. Such amounts were previously recognized in additional paid-in capital, to the extent that there was a sufficient additional paid-in capital pool related to previously-recognized tax benefits, on the Company’s consolidated balance sheets. No prior periods have been adjusted.

•

The Company had no unrecognized tax benefits related to its share-based payment awards at the adoption date. Therefore, no cumulative-effect adjustment to retained earnings was required as of the adoption date.

•

Earnings per share amounts presented in the fiscal 2017 consolidated statement of operations have been adjusted prospectively, and exclude the impact of assumed proceeds from tax benefits under the treasury stock method, since such amounts are now included as a component of the income tax provision and are no longer recognized in additional paid-in capital on the Company’s consolidated balance sheet. No prior periods have been adjusted.

•

Excess tax benefits no longer represent financing activities since they are recognized in the fiscal 2017 consolidated statement of operations; therefore, excess tax benefits have been classified as operating activities in the fiscal 2017 consolidated statement of cash flows. The ASU eliminated the requirement to reclassify excess tax benefits from operating activities to financing activities. The Company elected to apply the change in presentation prospectively, and no prior periods have been adjusted.

•

The Company elected to continue to estimate the total number of awards for which the service period will not be rendered, which resulted in no change to the Company’s consolidated financial statements.

•

The Company currently presents cash payments to taxing authorities in connection with shares withheld to meet statutory tax withholding requirements as a financing activity, which resulted in no change to the Company’s consolidated financial statements.

The adoption of this standard did not have a material impact on the Company’s consolidated financial statements.

In January 2017, the FASB issued ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, which eliminates the second step of the goodwill impairment test. The new ASU requires application of a one-step quantitative test, and recognition of the amount of goodwill impairment as the excess of a reporting unit’s carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The new guidance does not amend the optional qualitative assessment of goodwill impairment. The ASU will take effect for public companies for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, and shall be applied prospectively. Early adoption of ASU No. 2017-04 is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company early-adopted this new standard in the fourth quarter of fiscal 2017. In performing the annual test of goodwill impairment as of December 31, 2017, management identified an impairment of goodwill and applied the guidance of ASU 2017-04, resulting in the full impairment of the carrying value of goodwill. See Note 4 to the Notes to Consolidated Financial Statements for a further discussion on goodwill.

Recently Issued Accounting Updates

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), which was further clarified and amended in 2015 and 2016, and supersedes most preexisting revenue recognition guidance with a comprehensive new revenue recognition model. The core principle is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance also requires disclosures regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. ASU No. 2014-09 will become effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2017, with early application permitted. The Company plans to adopt this standard using the modified retrospective method with the cumulative effect of initially applying this ASU recognized in the first quarter of fiscal 2018, coinciding with the standard’s effective date. The Company has determined that the new standard will primarily impact the following areas: gift card breakage will be recognized based on actual customer redemptions, rather than when redemption is considered remote, and the Company expects to record a net pre-tax increase to retained earnings of approximately $0.7 million in the first quarter of fiscal 2018 related to the cumulative effect of initially applying this ASU; recognize estimated merchandise inventory cost of $1.3 million related to sales returns will be recorded in merchandise inventory, with the sales return reserve grossed up by the same amount; and, revenues related to online sales will be recognized upon shipment rather than delivery to the customer, with the cumulative effect related to this change expected to be immaterial. When adopted, this ASU results in minor modifications to the Company’s current processes and internal controls over financial reporting with no system modifications. The Company continues to analyze the disclosure requirements which will be effective in the first quarter of fiscal 2018 upon adoption of this ASU.

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which requires lessees to recognize on the balance sheet assets and liabilities for leases with lease terms of more than 12 months. Consistent with accounting principles generally accepted in the United States of America (“GAAP”), the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee will depend primarily on its classification as a finance or operating lease. However, unlike current GAAP—which requires only capital leases to be recognized on the balance sheet—the new ASU will require both types of leases to be recognized on the balance sheet, along with enhanced qualitative and quantitative disclosures. The ASU will take effect for public companies for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. This ASU shall be applied at the beginning of the earliest period presented using the modified retrospective approach, which includes a number of practical expedients that an entity may elect to apply. Early application of ASU No. 2016-02 is permitted. The Company plans to adopt this standard in the first quarter of fiscal 2019, coinciding with the standard’s effective date. While the Company is still evaluating this ASU, the Company has determined that the primary impact will be to recognize on the balance sheet all operating leases with lease terms greater than 12 months. It is expected that this standard will have a material impact on the Company’s consolidated financial statements. The Company has formed a project team that is evaluating the pronouncement along with the practical expedients offered in the ASU as well as the enhanced disclosures, developing requirements for a lease accounting system, selecting a lease accounting software vendor and evaluating existing contracts for lease elements, among other activities, to account for this standard upon adoption.

Other recently issued accounting updates are not expected to have a material impact on the Company’s consolidated financial statements.

Use of Estimates

Management has made a number of estimates and assumptions relating to the reporting of assets, liabilities and stockholders’ equity and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and reported amounts of revenue and expense during the reporting period to prepare these consolidated financial statements in conformity with GAAP. Certain items subject to such estimates and assumptions include the carrying amount of merchandise inventories, property and equipment, and goodwill; valuation allowances for receivables, sales returns and deferred income tax assets; estimates related to gift card breakage and the valuation of share-based compensation awards; and obligations related to litigation, self-insurance liabilities and employee benefits. Actual results could differ significantly from these estimates under different assumptions and conditions.

Segment Reporting

The Company operates solely as a sporting goods retailer, which includes both retail stores and an e-commerce platform, that offers a broad range of products in the western United States and online, and whose Chief Operating Decision Maker (“CODM”) is the Chief Executive Officer. The CODM reviews financial information presented on a consolidated basis, for purposes of allocating resources and evaluating financial performance. The Company’s stores typically have similar square footage, with the stores and e-commerce platform offering a similar general product mix. The Company’s core customer demographic remains similar across all sales channels, as does the Company’s process for the procurement and marketing of its product mix. Furthermore, the Company distributes its product mix for both the stores and e-commerce platform from a single distribution center. Given the consolidated level of review by the CODM, the Company operates as one reportable segment as defined by Accounting Standards Codification (“ASC”) 280, Segment Reporting.

The approximate net sales attributable to hard goods, athletic and sport apparel, athletic and sport footwear and other for the periods presented are set forth as follows:

	Fiscal Year
	2017		2016		2015
	(In thousands)
Hard goods	$	509,618	$	529,869	$	534,864
Athletic and sport apparel		206,816		200,476		199,109
Athletic and sport footwear		288,536		287,399		291,325
Other sales		4,665		3,491		3,800
Net sales	$	1,009,635	$	1,021,235	$	1,029,098

The Company launched its e-commerce platform in the fourth quarter of fiscal 2014 and e-commerce net sales for fiscal 2017, 2016 and 2015 were not material.

Earnings Per Share

The Company calculates earnings per share in accordance with ASC 260, Earnings Per Share, which requires a dual presentation of basic and diluted earnings per share. Basic earnings per share is calculated by dividing net income by the weighted-average shares of common stock outstanding, reduced by shares repurchased and held in treasury, during the period. Diluted earnings per share represents basic earnings per share adjusted to include the potentially dilutive effect of outstanding share option awards, nonvested share awards and nonvested share unit awards.

Revenue Recognition

The Company recognizes revenue from retail sales at the point of sale through its retail stores. For e-commerce sales, revenue is recognized when the merchandise is delivered to the customer. Shipping and handling fees, when billed to customers for e-commerce sales, are included in net sales and the related shipping and handling costs are included in cost of sales. Sublease income is recognized ratably into revenue over the remaining lease term. Allowances for sales returns are estimated based upon historical experience and recorded as a reduction in sales in the relevant period, and are included in accrued expenses in the accompanying consolidated balance sheets.

Cash received from the sale of gift cards is recorded as a liability, and revenue is recognized upon the redemption of the gift card or when it is determined that the likelihood of redemption is remote (“gift card breakage”) and no liability to relevant jurisdictions exists. The Company determines the gift card breakage rate based upon historical redemption patterns and recognizes gift card breakage on a straight-line basis over the estimated gift card redemption period (20 quarters as of the end of fiscal 2017). The Company recognized approximately $0.4 million of gift card breakage revenue in each fiscal year presented. The Company had outstanding gift card liabilities of $5.7 million and $5.3 million as of December 31, 2017 and January 1, 2017, respectively, which are included in accrued expenses in the accompanying consolidated balance sheets.

The Company records sales tax collected from its customers on a net basis, and therefore excludes it from revenue as defined in ASC 605, Revenue Recognition.

Cost of Sales

Cost of sales includes the cost of merchandise, net of discounts or allowances earned, freight (including e-commerce shipping and handling costs), inventory reserves, buying, distribution center expense, including depreciation, and store occupancy expense. Store occupancy expense includes rent, amortization of leasehold improvements, common area maintenance, property taxes and insurance.

Selling and Administrative Expense

Selling and administrative expense includes store-related expense, other than store occupancy expense, as well as advertising, depreciation and amortization, expense associated with operating the Company’s corporate headquarters and impairment charges, if any.

Vendor Allowances

The Company receives allowances for co-operative advertising and volume purchase rebates earned through programs with certain vendors. The Company records a receivable for these allowances which are earned but not yet received when it is determined the amounts are probable and reasonably estimable, in accordance with ASC 605. Amounts relating to the purchase of merchandise are treated as a reduction of inventory cost and reduce cost of goods sold as the merchandise is sold. Amounts that represent a reimbursement of costs incurred, such as advertising, are recorded as a reduction in selling and administrative expense. The Company performs detailed analyses to determine the appropriate amount of vendor allowances to be applied as a reduction of merchandise cost and selling and administrative expense.

Advertising Expense

Advertising is expensed when the advertising first occurs. Advertising expense, net of co-operative advertising allowances, amounted to $37.9 million, $38.2 million and $39.8 million for fiscal 2017, 2016 and 2015, respectively. Advertising expense is included in selling and administrative expense in the accompanying consolidated statements of operations. The Company receives co-operative advertising allowances from certain product vendors in order to subsidize qualifying advertising and similar promotional expenditures made relating to vendors’ products. These advertising allowances are recognized as a reduction to selling and administrative expense when the Company incurs the advertising expense eligible for the credit. Co-operative advertising allowances recognized as a reduction to selling and administrative expense amounted to $5.6 million, $5.9 million and $6.0 million for fiscal 2017, 2016 and 2015, respectively.

Share-Based Compensation

The Company accounts for its share-based compensation in accordance with ASC 718, Compensation—Stock Compensation. The Company recognizes compensation expense on a straight-line basis over the requisite service period using the fair-value method for share option awards, nonvested share awards and nonvested share unit awards granted with service-only conditions. See Note 16 to the Notes to Consolidated Financial Statements for a further discussion on share-based compensation.

Pre-opening Costs

Pre-opening costs for new stores, which are not material, consist primarily of payroll and recruiting expense, training, marketing, rent, travel and supplies, and are expensed as incurred.

Cash

Cash consists of cash on hand, and the Company has no cash equivalents. Book overdrafts are classified as current liabilities.

Accounts Receivable

Accounts receivable consist primarily of third party purchasing card receivables, amounts due from inventory vendors for returned products, volume purchase rebates or co-operative advertising, amounts due from lessors for tenant improvement allowances and insurance recovery receivables. Accounts receivable have not historically resulted in any material credit losses. An allowance for doubtful accounts is provided when accounts are determined to be uncollectible.

Valuation of Merchandise Inventories, Net

The Company’s merchandise inventories are made up of finished goods and are valued at the lower of cost or net realizable value using the weighted-average cost method that approximates the first-in, first-out (“FIFO”) method. Average cost includes the direct purchase price of merchandise inventory, net of vendor allowances and cash discounts, in-bound freight-related expense and allocated overhead expense associated with the Company’s distribution center.

Management regularly reviews inventories and records valuation reserves for damaged and defective merchandise, merchandise items with slow-moving or obsolescence exposure and merchandise that has a carrying value that exceeds net realizable value. Because of its merchandise mix, the Company has not historically experienced significant occurrences of obsolescence.

Inventory shrinkage is accrued as a percentage of merchandise sales based on historical inventory shrinkage trends. The Company performs physical inventories of its stores at least once per year and cycle counts inventories at its distribution center throughout the year. The reserve for inventory shrinkage primarily represents an estimate for inventory shrinkage for each store since the last physical inventory date through the reporting date.

These reserves are estimates, which could vary significantly, either favorably or unfavorably, from actual results if future economic conditions, consumer demand and competitive environments differ from expectations.

Prepaid Expenses

Prepaid expenses include the prepayment of various operating expenses such as insurance, rent, income and property taxes, software maintenance and supplies, which are expensed when the operating cost is realized.

Property and Equipment, Net

Property and equipment are stated at cost and are being depreciated or amortized utilizing the straight-line method over the following estimated useful lives:

Leasehold improvements		Shorter of estimated useful life or term of lease
Furniture and equipment		3 – 10 years
Internal-use software		3 – 7 years

Maintenance and repairs are expensed as incurred.

The Company incurs costs to purchase and develop software for internal use. Costs related to the application development stage are capitalized and amortized over the estimated useful life of the software. Costs related to the design or maintenance of internal-use software are expensed as incurred.

Goodwill

Goodwill represents the excess of purchase price over fair value of net assets acquired. Under ASC 350, Intangibles—Goodwill and Other, goodwill is not amortized but evaluated for impairment annually or whenever events or changes in circumstances indicate that the value may not be recoverable.

The Company performed an annual impairment test as of the end of fiscal 2017, 2016 and 2015, and determined that goodwill was impaired in fiscal 2017. See Note 4 to the Notes to Consolidated Financial Statements for a further discussion on goodwill.

Valuation of Long-Lived Assets

The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.

Long-lived assets are reviewed for recoverability at the lowest level in which there are identifiable cash flows (“asset group”), usually at the store level. Each store typically requires net investments of approximately $0.5 million in long-lived assets to be held and used, subject to recoverability testing. The carrying amount of an asset group is not considered recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset group. If the asset group is determined not to be recoverable, then an impairment charge will be recognized in the amount by which the carrying amount of the asset group exceeds its fair value, determined using discounted cash flow valuation techniques, as defined in ASC 360, Property, Plant, and Equipment.

The Company determines the sum of the undiscounted cash flows expected to result from the asset group by projecting future revenue, gross margin and operating expense for each store under evaluation for impairment. The estimates of future cash flows involve management judgment and are based upon assumptions about expected future operating performance. Assumptions used in these forecasts are consistent with internal planning, and include assumptions about sales growth rates, gross margins and operating expense in relation to the current economic environment and future expectations, competitive factors in various markets and inflation. The actual cash flows could differ from management’s estimates due to changes in business conditions, operating performance and economic conditions.

In fiscal 2017 and 2015, the Company recognized non-cash impairment charges of $0.6 million and $0.2 million, respectively, related to certain underperforming stores. These impairment charges are included in selling and administrative expense in the consolidated statements of operations. In fiscal 2016, the Company did not recognize any impairment charges.

Leases and Deferred Rent

The Company accounts for its leases under the provisions of ASC 840, Leases.

The Company evaluates and classifies its leases as either operating or capital leases for financial reporting purposes. Operating lease commitments consist principally of leases for the Company’s retail store facilities, distribution center, corporate office, information technology hardware and distribution center delivery tractors. Capital lease obligations consist principally of leases for some of the Company’s information technology systems hardware.

Certain of the leases for the Company’s retail store facilities provide for payments based on future sales volumes at the leased location, which are not measurable at the inception of the lease. These contingent rents are expensed as they accrue.

Deferred rent represents the difference between rent paid and the amounts expensed for operating leases. Certain leases have scheduled rent increases, and certain leases include an initial period of free or reduced rent as an inducement to enter into the lease agreement (“rent holidays”). The Company recognizes rent expense for rent increases and rent holidays on a straight-line basis over the term of the underlying leases, without regard to when rent payments are made. The calculation of straight-line rent begins on the possession date and extends through the “reasonably assured” lease term as defined in ASC 840 and may exceed the initial non-cancelable lease term.

Landlord allowances for tenant improvements, or lease incentives, are recorded as deferred rent and amortized on a straight-line basis over the “reasonably assured” lease term as a component of rent expense.

The Company evaluates its leases relative to asset retirement obligations, and determined these amounts to be immaterial.

Self-Insurance Liabilities

The Company maintains self-insurance programs for its commercial general liability risk and, in certain states, its estimated workers’ compensation liability risk. The Company also has a self-funded insurance program for a portion of its employee medical benefits. Under these programs, the Company maintains insurance coverage for losses in excess of specified per-occurrence amounts. Estimated expenses incurred under the self-insured workers’ compensation and medical benefits programs, including incurred but not reported claims, are recorded as expense based upon historical experience, trends of paid and incurred claims, and other actuarial assumptions. If actual claims trends under these programs, including the severity or frequency of claims, differ from the Company’s estimates, its financial results may be significantly impacted. The Company’s estimated self-insurance liabilities, which are reported gross of expected workers’ compensation insurance reimbursements, are classified on the balance sheet as accrued expenses or other long-term liabilities based upon whether they are expected to be paid during or beyond the normal operating cycle of 12 months from the date of the consolidated financial statements. Self-insurance liabilities totaled $11.6 million and $11.6 million as of December 31, 2017 and January 1, 2017, respectively, of which $4.6 million and $4.7 million were recorded as a component of accrued expenses as of December 31, 2017 and January 1, 2017, respectively, and $7.0 million and $6.9 million were recorded as a component of other long-term liabilities as of December 31, 2017 and January 1, 2017, respectively, in the accompanying consolidated balance sheets.

Income Taxes

Under the asset and liability method prescribed within ASC 740, Income Taxes, the Company recognizes deferred tax assets and liabilities for the future tax consequences attributable to differences between financial statement carrying amounts of assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be realized or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. The realizability of deferred tax assets is assessed throughout the year and a valuation allowance is recorded if necessary to reduce net deferred tax assets to the amount more likely than not to be realized. Certain prior period deferred tax disclosures were reclassified to conform with current period presentation.

ASC 740 provides that a tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits of the position. ASC 740 also provides guidance on measurement, derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.

The Company’s practice is to recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in selling and administrative expense. As of December 31, 2017 and January 1, 2017, the Company had no accrued interest or penalties.

Concentration of Risk

The Company maintains its cash accounts in financial institutions, and accounts at these institutions are insured by the Federal Deposit Insurance Corporation up to $250,000.

The Company primarily operates traditional sporting goods retail stores located in the western United States. Because of this, the Company is subject to regional risks, such as the economy, including downturns in the housing market, state financial conditions, unemployment and gas prices. Other regional risks include weather conditions, fires, droughts, earthquakes, power outages and other natural disasters specific to the states in which the Company operates.

The Company relies on a single distribution center located in Riverside, California, which services all of its stores and e-commerce platform. Any natural disaster or other serious disruption to the distribution center due to fire, earthquake or any other cause could damage a significant portion of inventory and could materially impair the Company’s ability to adequately stock its stores and fulfill its e-commerce business.

A substantial amount of the Company’s inventory is manufactured abroad. From time to time, shipping ports experience capacity constraints, labor strikes, work stoppages or other disruptions that may delay the delivery of imported products. A contract dispute, such as the one the Company experienced in the Ports of Los Angeles and Long Beach in 2015, may lead to protracted delays in the movement of the Company’s products, which could further delay the delivery of products to the Company’s stores and impact net sales and profitability. In addition, other conditions outside of the Company’s control, such as adverse weather conditions or acts of terrorism, could significantly disrupt operations at shipping ports or otherwise impact transportation of the imported merchandise we sell.

The Company purchases merchandise from over 700 suppliers, and the Company’s 20 largest suppliers accounted for 40.9% of total purchases in fiscal 2017. One vendor represented greater than 5% of total purchases, at 11.0%, in fiscal 2017. A significant portion of the Company’s inventory is manufactured abroad in China and other countries. Foreign imports subject us to the risks of changes in, or the imposition of new, import tariffs, duties or quotas, new restrictions on imports, loss of “most favored nation” status with the United States for a particular foreign country, antidumping or countervailing duty orders, retaliatory actions in response to illegal trade practices, work stoppages, delays in shipment, freight expense increases, product cost increases due to foreign currency fluctuations or revaluations and economic uncertainties. If a disruption of trade were to occur from the countries in which the suppliers of the Company’s vendors are located, the Company may be unable to obtain sufficient quantities of products to satisfy its requirements, or the cost of obtaining products may increase.

The Company could be exposed to credit risk in the event of nonperformance by any lender under its revolving credit facility. Instability in the financial and capital markets could bring additional potential risks to the Company, including higher costs of credit, potential lender defaults, and potential commercial bank failures. The Company has received no indication that any such events will negatively impact the lenders under its current revolving credit facility; however, the possibility does exist.

Property and Equipment, Net

12 Months Ended

Dec. 31, 2017

Property Plant And Equipment [Abstract]

Property and Equipment, Net

(3)	Property and Equipment, Net

Property and equipment, net, consist of the following:

	December 31, 2017			January 1, 2017
	(In thousands)
Furniture and equipment	$	136,858		$	130,429
Leasehold improvements		160,945			154,487
Internal-use software		34,215			33,701
		332,018			318,617
Accumulated depreciation and amortization ⁽¹⁾		(256,005	)		(240,926	)
		76,013			77,691
Assets not placed into service		1,252			729
Property and equipment, net	$	77,265		$	78,420

⁽¹⁾	Includes accumulated amortization for internal-use software development costs of $24.2 million and $21.6 million as of December 31, 2017 and January 1, 2017, respectively.

Depreciation expense associated with property and equipment, including assets leased under capital leases, was $7.1 million, $7.8 million and $8.3 million for fiscal 2017, 2016 and 2015, respectively. Amortization expense for leasehold improvements was $9.6 million, $10.2 million and $11.6 million for fiscal 2017, 2016 and 2015, respectively. Amortization expense for internal-use software was $2.5 million, $1.1 million and $1.5 million for fiscal 2017, 2016 and 2015, respectively. The gross cost of equipment under capital leases, included above, was $11.9 million and $9.9 million as of December 31, 2017 and January 1, 2017, respectively. The accumulated depreciation related to these capital leases was $7.5 million and $6.6 million as of December 31, 2017 and January 1, 2017, respectively.

Goodwill

12 Months Ended

Dec. 31, 2017

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill

(4)

Goodwill

Goodwill represents the excess of purchase price over fair value of net assets acquired. Under ASC 350, goodwill is not amortized but evaluated for impairment annually or whenever events or changes in circumstances indicate that the value may not be recoverable. The Company performs its annual impairment testing as of the end of each fiscal year. The Company has one reporting unit for goodwill impairment testing purposes. As described in Note 2 to the Notes to Consolidated Financial Statements, in the fourth quarter of fiscal 2017 the Company early-adopted ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, which requires recognition of goodwill impairment in the amount of the excess of a reporting unit’s carrying value over its fair value, not to exceed the total goodwill balance of the reporting unit.

The Company performed a quarterly qualitative assessment of factors related to goodwill impairment testing, which included consideration of general economic conditions, industry and market conditions such as general product demand, weather-related impacts and increasing labor costs in Company-specific markets, overall financial performance, financial projections and changes in share price and market capitalization. Based on these evaluations at the end of each of the first three quarters of fiscal 2017, given the information available at the time of those assessments, the Company determined that there were no events or circumstances that indicated any impairment of goodwill. During the fourth quarter of fiscal 2017, the Company experienced a significant decline in fourth quarter revenues due to unseasonably dry and warm weather conditions in most of our major markets that had a significant negative effect on sales of cold-weather and snow-related products, which resulted in a decrease in market capitalization and financial projections. Based upon this fourth quarter evaluation, the Company determined that the carrying value of its reporting unit more likely than not exceeded its estimated fair value. As a result, the Company performed a quantitative assessment of goodwill impairment testing, and estimated the fair value of its reporting unit using both a market and income approach.

Using the market approach, the Company estimated the fair value of its reporting unit based upon an evaluation of control premiums of publicly-traded companies in similar lines of business, on the assumption that an acquiring entity would generally pay more for equity securities that give it a controlling interest than an investor would pay for an amount of equity securities representing less than a controlling interest.

Using the income approach, the Company employed a discounted cash flow model, which required the estimation of cash flows and an appropriate discount rate. The Company projected cash flows expected to be generated by the reporting unit inclusive of an estimated terminal value and reflective of the conditions considered in the qualitative assessment discussed above. The cash flows contemplated projections of revenue growth, operating expenses including depreciation, capital expenditures and income taxes, which are considered Level 3 fair value measurements. The discount rate assumption contemplated a weighted-average cost of capital based on both market-observable and Company-specific factors. The discount rate was risk-adjusted to include any premiums related to equity price volatility, size, and projected capital structure of publicly-traded companies in similar lines of business. The Company believes these assumptions to be representative of assumptions that a market participant would use in valuing a reporting unit, but recognizes that these assumptions are inherently uncertain.

After performing its annual impairment test as of December 31, 2017, the Company determined that the carrying value of its reporting unit exceeded its estimated fair value using the market and income approaches, as described above, by an amount that indicated a full impairment of the carrying value of goodwill. Consequently, the Company recorded a non-cash goodwill impairment charge of $4.4 million in selling and administrative expense in the accompanying consolidated statement of operations in the fourth quarter of fiscal 2017. The Company did not record goodwill impairment in fiscal 2016 or 2015.

Impairment of Long-Lived Assets	12 Months Ended
Impairment of Long-Lived Assets	Dec. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]
Impairment of Long-Lived Assets	Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In fiscal 2016, the Company did not recognize any impairment charges. In fiscal 2017 and 2015, the Company recognized non-cash impairment charges of $0.6 million and $0.2 million, respectively, related to certain underperforming stores. The lower-than-expected sales performance, coupled with future undiscounted cash flow projections, indicated that the carrying value of these stores’ assets exceeded their estimated fair values as determined by their future discounted cash flow projections. When projecting the stream of future cash flows associated with an individual store for purposes of determining long-lived asset recoverability, management considers local market conditions and makes assumptions about key store variables including sales growth rates, gross margin and operating expense. If economic conditions deteriorate in the markets in which the Company conducts business, or if other negative market conditions develop, the Company may experience additional impairment charges in the future for underperforming stores. These impairment charges are included in selling and administrative expense for fiscal 2017 and 2015 in the accompanying consolidated statements of operations.

Store Closing Costs

12 Months Ended

Dec. 31, 2017

Restructuring And Related Activities [Abstract]

Store Closing Costs

(6)	Store Closing Costs

There were no closures of underperforming stores that resulted in material store closing costs during fiscal 2017 and 2015.

The Company closed five underperforming stores in fiscal 2016 which were not relocated. The store closing costs primarily included lease termination costs for leases that were set to expire in fiscal years 2017 through 2019, and the net reduction to store closing costs in fiscal 2017 reflects the early termination of two store leases that resulted in settlement of their lease obligations for less than the amounts originally recorded. The following table summarizes the activity for the Company’s store closing reserves:

	Lease Termination Costs
	(In thousands)
Balance at January 1, 2017	$	788
Store closing costs		(137	)
Payments		(631	)
Balance at December 31, 2017	$	20

The Company has incurred $1.1 million of net expense to date since initially recording store closing costs in the third quarter of fiscal 2016. This expense is reflected as part of selling and administrative expense in the accompanying consolidated statement of operations.

Accrued store closing costs is recorded in accrued expenses in the accompanying consolidated balance sheets.

Fair Value Measurements

12 Months Ended

Dec. 31, 2017

Fair Value Disclosures [Abstract]

Fair Value Measurements

(7)	Fair Value Measurements

The carrying values of cash, accounts receivable, accounts payable and accrued expenses approximate the fair values of these instruments due to their short-term nature. The carrying amount for borrowings under the revolving credit facility approximates fair value because of the variable market interest rate charged to the Company for these borrowings. When the Company recognizes impairment on certain of its underperforming stores, the carrying values of these stores are reduced to their estimated fair values.

As of December 31, 2017 and January 1, 2017, the Company’s only significant assets or liabilities measured at fair value on a nonrecurring basis subsequent to their initial recognition were assets subject to long-lived asset impairment related to certain underperforming stores. As discussed in Note 5 to the Notes to Consolidated Financial Statements, the Company estimated the fair values of these long-lived assets based on the Company’s own judgments about the assumptions that market participants would use in pricing the asset and on observable market data, when available. The Company classified these fair value measurements as Level 3 inputs, which are unobservable inputs for which market data are not available and that are developed using the best information available about pricing assumptions used by market participants in accordance with ASC 820, Fair Value Measurement. After the impairment charges, the carrying values of the remaining assets of these stores were not material.

As discussed in Note 4 of the Notes to Consolidated Financial Statements, the Company recorded a goodwill impairment charge of $4.4 million in the fourth quarter of fiscal 2017. The fair value of the Company’s reporting unit was determined using level 3 inputs and valuation techniques discussed in Note 4. There were no goodwill impairment charges recorded in fiscal 2016 or 2015.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Accrued Expenses

12 Months Ended

Dec. 31, 2017

Payables And Accruals [Abstract]

Accrued Expenses

(8)	Accrued Expenses

The major components of accrued expenses are as follows:

	December 31, 2017		January 1, 2017
	(In thousands)
Payroll and related expense	$	23,670	$	24,224
Occupancy expense		10,005		10,981
Sales tax		9,674		11,376
Other		24,877		30,306
Accrued expenses	$	68,226	$	76,887

Lease Commitments

12 Months Ended

Dec. 31, 2017

Leases [Abstract]

Lease Commitments

(9)	Lease Commitments

The Company currently leases stores, distribution and headquarters facilities under non-cancelable operating leases. The Company’s leases generally contain multiple renewal options for periods ranging from five to ten years and require the Company to pay all executory costs such as maintenance and insurance. Certain of the Company’s store leases provide for the payment of contingent rent based on a percentage of sales.

Rent expense for operating leases consisted of the following:

	Year Ended
	December 31, 2017		January 1, 2017		January 3, 2016
	(In thousands)
Rent expense	$	75,250	$	72,631	$	71,541
Contingent rent		393		513		654
Total rent expense	$	75,643	$	73,144	$	72,195

Future minimum lease payments under non-cancelable leases as of December 31, 2017 are as follows:

Year Ending:	Capital Leases			Operating Leases		Total
	(In thousands)
2018	$	1,933		$	80,889	$	82,822
2019		1,526			71,192		72,718
2020		1,045			57,131		58,176
2021		361			41,143		41,504
2022		26			29,061		29,087
Thereafter		—			58,019		58,019
Total minimum lease payments ⁽¹⁾		4,891		$	337,435	$	342,326
Imputed interest		(337	)
Present value of minimum lease payments	$	4,554

⁽¹⁾	Minimum lease payments have not been reduced by sublease rentals of $0.7 million due in the future under non-cancelable subleases.

In the fourth quarter of fiscal 2016, the Company entered into an assignment agreement for a certain store lease. In consideration for the assignment, the Company received an assignment fee of $4.3 million. The assignment is accounted for as a sublease arrangement and the assignment fee has been deferred into accrued expenses and other long-term liabilities in the accompanying consolidated balance sheets. The remaining balance of the deferred lease revenue as of the end of fiscal 2017 was $2.9 million, and $0.9 million per year will be recognized ratably into revenue over the remaining lease term of approximately three years.

Long-Term Debt

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Long-Term Debt

(10)	Long-Term Debt

On October 18, 2010, the Company, Big 5 Corp. and Big 5 Services Corp. entered into a credit agreement with Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent, and a syndicate of other lenders, which was amended on October 31, 2011 and December 19, 2013 (as so amended, the “Credit Agreement”). On September 29, 2017, the parties amended certain provisions of the Credit Agreement (such amendment, the “Third Amendment”), as further discussed below. The amendment represented a modification and resulted in the payment and capitalization of $0.2 million in deferred financing fees.

The Credit Agreement provides for a revolving credit facility (the “Credit Facility”) with an aggregate committed availability of up to $140.0 million, which amount may be increased at the Company’s option up to a maximum of $165.0 million. The Company may also request additional increases in aggregate availability, up to a maximum of $200.0 million, in which case the existing lenders under the Credit Agreement will have the option to increase their commitments to accommodate the requested increase. If such existing lenders do not exercise that option, the Company may (with the consent of Wells Fargo, not to be unreasonably withheld) seek other lenders willing to provide such commitments. The Third Amendment includes a provision which permits the Company to elect to reduce the aggregate committed availability under the Credit Agreement to $100.0 million for a three-month period each calendar year. Prior to the Third Amendment, the Credit Facility included a $50.0 million sublimit for issuances of letters of credit. The Third Amendment reduced the letter of credit sublimit to $25.0 million. The Credit Facility includes a $20.0 million sublimit for swingline loans.

The Company may borrow under the Credit Facility from time to time, provided the amounts outstanding will not exceed the lesser of the then aggregate availability (as discussed above) and the Borrowing Base (such lesser amount being referred to as the “Loan Cap”). The “Borrowing Base” generally is comprised of the sum, at the time of calculation, of (a) 90.00% of eligible credit card receivables; plus (b) the cost of eligible inventory (other than eligible in-transit inventory), net of inventory reserves, multiplied by 90.00% of the appraised net orderly liquidation value of eligible inventory (expressed as a percentage of the cost of eligible inventory); plus (c) the lesser of (i) the cost of eligible in-transit inventory, net of inventory reserves, multiplied by 90.00% of the appraised net orderly liquidation value of eligible in-transit inventory (expressed as a percentage of the cost of eligible in-transit inventory), or (ii) $10.0 million, minus (d) certain reserves established by Wells Fargo in its role as the Administrative Agent in its reasonable discretion.

Generally, the Company may designate specific borrowings under the Credit Facility as either base rate loans or LIBO rate loans. The applicable interest rate on the Company’s borrowings is a function of the daily average, over the preceding fiscal quarter, of the excess of the Loan Cap over amounts borrowed (such amount being referred to as the “Average Daily Availability”). Prior to the Third Amendment, those loans designated as LIBO rate loans bore interest at a rate equal to the then applicable LIBO rate plus an applicable margin as shown in the table below. Those loans designated as base rate loans bore interest at a rate equal to the applicable margin for base rate loans (as shown below) plus the highest of (a) the Federal funds rate, as in effect from time to time, plus one-half of one percent (0.50%), (b) the LIBO rate, as adjusted to account for statutory reserves, plus one percent (1.00%), or (c) the rate of interest in effect for such day as publicly announced from time to time by Wells Fargo as its “prime rate.” Prior to the Third Amendment, the applicable margin for all loans under the existing Credit Agreement was as set forth below as a function of Average Daily Availability for the preceding fiscal quarter.

Level	Average Daily Availability	LIBO Rate Applicable Margin	Base Rate Applicable Margin
I	Greater than or equal to $100,000,000	1.25%	0.25%
II	Less than $100,000,000 but greater than or equal to $40,000,000	1.50%	0.50%
III	Less than $40,000,000	1.75%	0.75%

Prior to the Third Amendment, the commitment fee assessed on the unused portion of the Credit Facility was 0.25% per annum.

After giving effect to the Third Amendment, those loans designated as LIBO rate loans will bear interest at a rate equal to the then applicable adjusted LIBO rate plus an applicable margin as shown in the table below. Those loans designated as base rate loans bear interest at a rate equal to the applicable margin for base rate loans (as shown below) plus the highest of (a) the Federal funds rate, as in effect from time to time, plus one-half of one percent (0.50%), (b) the LIBO rate, plus one percentage point (1.00%), or (c) the rate of interest in effect for such day as announced from time to time within Wells Fargo as its “prime rate.” The applicable margin for all loans will be a function of Average Daily Availability for the preceding fiscal quarter as set forth below.

Level

Average Daily Availability

LIBO Rate

Applicable Margin

Base Rate

Applicable Margin

Greater than or equal to $70,000,000

1.25%

0.25%

Less than $70,000,000

1.375%

0.50%

After giving effect to the Third Amendment, the commitment fee assessed on the unused portion of the Credit Facility is 0.20% per annum.

Obligations under the Credit Facility are secured by a general lien and perfected security interest in substantially all of the Company’s assets. The Credit Agreement contains covenants that require the Company to maintain a fixed charge coverage ratio of not less than 1.0:1.0 in certain circumstances, and limit the ability to, among other things, incur liens, incur additional indebtedness, transfer or dispose of assets, change the nature of the business, guarantee obligations, pay dividends or make other distributions or repurchase stock, and make advances, loans or investments. The Company may declare or pay cash dividends or repurchase stock only if, among other things, no default or event of default then exists or would arise from such dividend or repurchase of stock and, after giving effect to such dividend or repurchase, certain availability and/or fixed charge coverage ratio requirements are satisfied. The Credit Agreement contains customary events of default, including, without limitation, failure to pay when due principal amounts with respect to the Credit Facility, failure to pay any interest or other amounts under the Credit Facility for five days after becoming due, failure to comply with certain agreements or covenants contained in the Credit Agreement, failure to satisfy certain judgments against the Company, failure to pay when due (or any other default which does or may lead to the acceleration of) certain other material indebtedness in principal amount in excess of $5.0 million, and certain insolvency and bankruptcy events.

As of December 31, 2017 and January 1, 2017, the one-month LIBO rate was 1.6% and 0.8%, respectively, and the Wells Fargo Bank prime lending rate was 4.50% and 3.75%, respectively. The average interest rate on the Company’s revolving credit borrowings during fiscal 2017 and 2016 was 2.60% and 2.20%, respectively. As of December 31, 2017 and January 1, 2017, the Company had long-term revolving credit borrowings outstanding bearing interest at either LIBO or the prime lending rates as follows:

	December 31, 2017		January 1, 2017
	(In thousands)
LIBO rate	$	45,000	$	10,000
Prime rate		—		—
Total borrowings	$	45,000	$	10,000

The Third Amendment extended the maturity date of the Credit Agreement from December 19, 2018 to September 29, 2022. Total remaining borrowing availability, after subtracting letters of credit, was $94.5 million and $129.5 million as of December 31, 2017 and January 1, 2017, respectively, and letter of credit commitments were $0.5 million and $0.5 million as of December 31, 2017 and January 1, 2017, respectively.

Income Taxes

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Income Taxes

(11)	Income Taxes

Total income tax expense (benefit) consists of the following:

	Current		Deferred			Total
	(In thousands)
Fiscal 2017:
Federal	$	3,231	$	8,092		$	11,323
State		836		1,435			2,271
	$	4,067	$	9,527		$	13,594
Fiscal 2016:
Federal	$	9,635	$	(652	)	$	8,983
State		1,712		355			2,067
	$	11,347	$	(297	)	$	11,050
Fiscal 2015:
Federal	$	7,478	$	378		$	7,856
State		1,558		37			1,595
	$	9,036	$	415		$	9,451

The provision for income taxes differs from the amounts computed by applying the federal statutory tax rate of 35% to earnings before income taxes, as follows:

	Year Ended
	December 31, 2017		January 1, 2017		January 3, 2016
	(In thousands)
Tax expense at statutory rate	$	5,144	$	9,778	$	8,662
State taxes, net of federal benefit		658		1,244		1,118
Federal rate change and other		7,792		28		(329	)
	$	13,594	$	11,050	$	9,451

The provision for income taxes for fiscal 2017 reflects a charge of $5.5 million to revalue existing net deferred tax assets as a result of the enactment of the Tax Cuts and Jobs Act (“TCJA”) in December 2017, which will reduce the federal corporate income tax rate from 35.0% to 21.0%. Additionally, the provision for income taxes for fiscal 2017 includes a charge of $0.9 million, excluding the federal income tax benefit, to establish a valuation allowance related to unused California Enterprise Zone Tax Credits, as well as a provision of $1.7 million related to non-deductible goodwill impairment. See Note 4 to the Notes to Consolidated Financial Statements for a further discussion of goodwill.

The provision for income taxes for fiscal 2016 reflects the write-off of deferred tax assets related to share-based compensation of $0.5 million, partially offset by an increase in Work Opportunity Tax Credits.

Deferred tax assets and liabilities as of December 31, 2017 are tax-effected based on the 21.0% federal corporate income tax rate under the recently-enacted TCJA, while deferred tax assets and liabilities as of January 1, 2017 are tax-effected based on the previous 35.0% federal corporate income tax rate.

Deferred tax assets and liabilities consist of the following tax-effected temporary differences:

	December 31, 2017			January 1, 2017
	(In thousands)
Deferred tax assets:
Deferred rent	$	5,076		$	8,389
Insurance liabilities		2,762			4,365
Employee benefit-related liabilities		2,726			4,044
Inventory		1,635			3,174
California Enterprise Zone Tax Credits		1,451			1,542
Gift card liability		1,033			1,420
Share-based compensation		891			1,512
Deferred lease revenue		803			1,595
Allowance for sales returns		294			558
Other		491			1,572
Gross deferred tax assets		17,162			28,171
Less: Valuation allowance		(876	)		—
Deferred tax assets, net of valuation allowance		16,286			28,171
Federal liability on state deferred tax assets		(1,234	)		(2,559	)
Basis difference in fixed assets		(476	)		(1,913	)
Prepaid expense		(404	)		—
Deferred tax liabilities		(2,114	)		(4,472	)
Net deferred tax assets	$	14,172		$	23,699

In fiscal 2017, the Company established a valuation allowance of $0.9 million related to unused California Enterprise Zone Tax Credits, which the Company will no longer be able to carry forward beyond 2024 as a result of California’s termination of this program. The Company had no valuation allowance as of January 1, 2017. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversals of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based upon the level of historical taxable income and projections of future taxable income over the periods during which the deferred tax assets are deductible, except as noted above, management believes it is more likely than not that the Company will realize the benefits of these deductible differences. The amount of the deferred tax asset considered realizable, however, could be reduced if estimates of future taxable income are reduced.

The Company files a consolidated federal income tax return and files tax returns in various state and local jurisdictions. The statutes of limitations for its consolidated federal income tax returns are open for fiscal years 2014 and after, and state and local income tax returns are open for fiscal years 2013 and after.

As of December 31, 2017 and January 1, 2017, the Company had no unrecognized tax benefits that, if recognized, would affect the Company’s effective income tax rate over the next 12 months. The Company’s policy is to recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expense. As of December 31, 2017 and January 1, 2017, the Company had no accrued interest or penalties.

Earnings Per Share

12 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

Earnings Per Share

(12)	Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per common share:

	Year Ended
	December 31, 2017		January 1, 2017		January 3, 2016
	(In thousands, except per share data)

Net income	$	1,104	$	16,886	$	15,297
Weighted-average shares of common stock outstanding:
Basic		21,439		21,607		21,741
Dilutive effect of common stock equivalents arising from share option, nonvested share and nonvested share unit awards		146		209		186
Diluted		21,585		21,816		21,927
Basic earnings per share	$	0.05	$	0.78	$	0.70
Diluted earnings per share	$	0.05	$	0.77	$	0.70
Antidilutive share option awards excluded from diluted calculation		83		200		481
Antidilutive nonvested share and nonvested share unit awards excluded from diluted calculation		145		—		2

The computation of diluted earnings per share for fiscal 2017, 2016 and 2015 does not include share option awards that were outstanding and antidilutive (i.e., including such share option awards would result in higher earnings per share), since the exercise prices of these share option awards exceeded the average market price of the Company’s common shares. Additionally, the computation of diluted earnings per share for fiscal 2017 and 2015 does not include nonvested share awards and nonvested share unit awards that were outstanding and antidilutive, since the grant date fair values of these nonvested share awards and nonvested share unit awards exceeded the average market price of the Company’s common shares. No nonvested share awards or nonvested share unit awards were antidilutive for fiscal 2016.

Employee Benefit Plans

12 Months Ended

Dec. 31, 2017

Postemployment Benefits [Abstract]

Employee Benefit Plans

(13)	Employee Benefit Plans

The Company has a 401(k) plan covering eligible employees. Employee contributions are supplemented by Company contributions subject to 401(k) plan terms. The Company recognized employer matching and profit-sharing contributions of $1.8 million, $1.8 million and $2.0 million for fiscal 2017, 2016 and 2015, respectively.

Related Party Transactions

12 Months Ended

Dec. 31, 2017

Related Party Transactions

(14)	Related Party Transactions

G. Michael Brown, who retired from the Company’s Board of Directors in June 2015, is a partner of the law firm of Musick, Peeler & Garrett LLP. From time to time, the Company retains Musick, Peeler & Garrett LLP to handle various litigation matters. The Company received services from Musick, Peeler & Garrett LLP amounting to $0.7 million in fiscal 2015.

In the third quarter of fiscal 2017, the Company recorded approximately $0.1 million related to the net recovery of short-swing profits under Section 16(b) of the Securities Exchange Act of 1934, as amended. The Company recognized these related party proceeds, net of $0.2 million of related legal fees and taxes, as an increase to additional paid-in capital in the accompanying consolidated balance sheet as of December 31, 2017 and as cash provided by financing activities in the accompanying consolidated statement of cash flows for fiscal 2017.

Prior to his death in fiscal 2008, the Company had an employment agreement with Robert W. Miller (“Mr. Miller”), co-founder of the Company and the father of Steven G. Miller, Chairman of the Board, President, Chief Executive Officer and a director of the Company. The employment agreement provided for Mr. Miller to receive an annual base salary of $350,000. The employment agreement further provided that, following his death, the Company will pay his surviving wife $350,000 per year and provide her specified benefits for the remainder of her life. During each of fiscal 2017, 2016 and 2015, the Company made a payment of $350,000 to Mr. Miller’s wife. The Company recognized expense of $0.2 million, $0.2 million and $0.3 million in fiscal 2017, 2016 and 2015, respectively, to provide for a liability for the future obligations under this agreement. Based upon actuarial valuation estimates related to this agreement, the Company had a recorded liability of $1.2 million and $1.3 million as of December 31, 2017 and January 1, 2017, respectively. The short-term portion of this liability is recorded in accrued expenses and the long-term portion is recorded in other long-term liabilities of the accompanying consolidated balance sheets.

Commitments and Contingencies

12 Months Ended

Dec. 31, 2017

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

(15)	Commitments and Contingencies

In February 2008, the Company entered into a lease for a parcel of land with an existing building adjacent to its corporate headquarters location, including a parking lot currently used by the Company (the “premises”). The lease term commenced in 2009 and the primary term was originally scheduled to expire on February 28, 2019, subject to renewal for six successive periods of five years each. In accordance with terms of the lease agreement, the Company is committed to the construction of a new retail building on the premises before the primary term expires, regardless of whether or not any renewal options are exercised. In May 2017, the Company entered into an amendment to the lease to, among other things, extend the primary lease term, and consequently the construction deadline, to a date between February 29, 2020 and June 30, 2020. Such extension required a non-refundable payment of $40,000, which the Company made concurrently with execution of the amendment. In November 2017, the Company entered into an additional amendment to the lease concurrently with entering into a purchase and sale agreement. Pursuant to the purchase and sale agreement, the Company has the right to purchase the premises for $4.5 million, subject to a due diligence period expiring March 2, 2018. If the Company does not terminate the purchase and sale agreement during the due diligence period, then the Company shall pay $300,000 as an escrow deposit to purchase the property. The closing of the sale is scheduled to occur on or before November 27, 2018, subject to seller’s right to elect an earlier closing date. Pursuant to the amended lease, if consummation of the sale fails to occur by November 27, 2018, then the Company’s lease would remain in full force and effect, including the construction deadline, which would be the later of (a) February 29, 2020, or (b) the earlier of (i) two (2) years after the date that the purchase and sale agreement is terminated, or (ii) November 27, 2020. The Company is currently in the process of conducting due diligence to determine whether to proceed with the purchase.

The Company is involved in various claims and legal actions arising in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters is not expected to have a material adverse effect on the Company’s results of operations or financial condition.

Share-Based Compensation Plans

12 Months Ended

Dec. 31, 2017

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Share-Based Compensation Plans

(16)	Share-Based Compensation Plans

2007 Equity and Performance Incentive Plan

In June 2007, the Company adopted the 2007 Equity and Performance Incentive Plan (“2007 Plan”) and terminated a previous stock incentive plan (“2002 Plan”). The aggregate amount of shares authorized for issuance under the 2007 Plan is 2,399,250 shares of common stock of the Company, plus any shares subject to awards granted under the 2002 Plan which are forfeited, expire or are cancelled after April 24, 2007 (the effective date of the 2007 Plan). This amount represents the amount of shares that remained available for grant under the 2002 Plan as of April 24, 2007. Awards under the 2007 Plan may consist of share option awards (both incentive share option awards and non-qualified share option awards), stock appreciation rights, nonvested share awards, other stock unit awards, performance awards, or dividend equivalents. Any shares that are subject to awards of options or stock appreciation rights shall be counted against this limit (i.e., shares available for grant) as one share for every one share granted, regardless of the number of shares actually delivered pursuant to the awards. Any shares that are subject to awards other than share option awards or stock appreciation rights (including shares delivered on the settlement of dividend equivalents) shall be counted against this limit (i.e., shares available for grant) as 2.5 shares for every one share granted. The aggregate number of shares available under the 2007 Plan and the number of shares subject to outstanding share option awards will be increased or decreased to reflect any changes in the outstanding common stock of the Company by reason of any recapitalization, spin-off, reorganization, reclassification, stock dividend, stock split, reverse stock split, or similar transaction. Share option awards granted under the 2007 Plan generally vest and become exercisable at the rate of 25% per year with a maximum life of ten years. Share option awards, nonvested share awards and nonvested share unit awards provide for accelerated vesting if there is a change in control. The exercise price of the share option awards is equal to the quoted market price of the Company’s common stock on the date of grant.

Amendments and Restatements of 2007 Plan

On June 14, 2011 and June 10, 2016, the Company’s shareholders approved amendments and restatements of the Company’s 2007 Equity and Performance Incentive Plan (the “2011 Amendment and Restatement” and the “2016 Amendment and Restatement,” respectively, and collectively as so amended and restated, the “Amended 2007 Plan”). Neither amendment and restatement resulted in modifications to the Company’s outstanding share-based payment awards.

Generally, following these amendments and restatements, the Amended 2007 Plan reflected these revisions:

•

the maximum number of shares of the Company’s common stock that may be issued or subject to awards under the Amended 2007 Plan was increased by 3,250,000 from the number authorized by the 2007 Plan;

•

the term of the Amended 2007 Plan was extended through April 19, 2026;

•

approved the continuation of the terms of Article X of the Amended 2007 Plan for purposes of Section 162(m) of the Internal Revenue Code; and

•

implemented certain technical updates and enhancements.

After giving effect to the 2016 Amendment and Restatement, the aggregate amount of shares authorized for issuance under the Amended 2007 Plan was 3,649,250 shares, plus any shares subject to awards granted under the 2002 Plan which are forfeited, expire or are cancelled after April 24, 2007 (the effective date of the 2007 Plan).

These principal features of the Amended 2007 Plan are not intended to be a complete discussion of all of the terms of the Amended 2007 Plan. Respective copies of the 2011 Amendment and Restatement and the 2016 Amendment and Restatement were filed in Current Reports on Form 8-K in the second quarter of fiscal 2011 and 2016.

In fiscal 2017, the Company granted 191,000 nonvested share awards and 21,000 nonvested share unit awards to directors and certain employees, as defined by ASC 718, Compensation—Stock Compensation, under the Amended 2007 Plan. No share option awards were granted in fiscal 2017. As of December 31, 2017, 2,090,250 shares remained available for future grant and 144,293 share option awards, 377,035 nonvested share awards and 23,250 nonvested share unit awards remained outstanding under the Amended 2007 Plan.

The Company accounts for its share-based compensation in accordance with ASC 718 and recognizes compensation expense on a straight-line basis over the requisite service period, net of estimated forfeitures, using the fair-value method for share option awards, nonvested share awards and nonvested share unit awards granted with service-only conditions. The estimated forfeiture rate considers historical employee turnover rates stratified into employee pools in comparison with an overall employee turnover rate, as well as expectations about the future. The Company periodically revises the estimated forfeiture rate in subsequent periods if actual forfeitures differ from those estimates. Compensation expense recorded under this method for fiscal 2017, 2016 and 2015 was $2.3 million, $2.3 million and $2.2 million, respectively, which reduced operating income and income before income taxes by the same amount. Compensation expense recognized in cost of sales was $0.1 million, $0.1 million and $0.1 million in fiscal 2017, 2016 and 2015, respectively, and compensation expense recognized in selling and administrative expense was $2.2 million, $2.2 million and $2.1 million in fiscal 2017, 2016 and 2015, respectively. The recognized tax benefit related to compensation expense for fiscal 2017, 2016 and 2015 was $0.9 million, $0.9 million and $0.8 million, respectively. Net income for fiscal 2017, 2016 and 2015 was reduced by $1.4 million, $1.4 million and $1.4 million, respectively, or $0.06, $0.06 and $0.06 per basic and diluted share, respectively.

Share Option Awards

The fair value of each share option award on the date of grant was estimated using the Black-Scholes method based on the following weighted-average assumptions:

	Year Ended
	December 31, 2017		January 1, 2017		January 3, 2016
Risk-free interest rate		—		—		1.8	%
Expected term		—		—	5.8 years
Expected volatility		—		—		57.0	%
Expected dividend yield		—		—		2.8	%

The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for periods corresponding with the expected term of the option award; the expected term represents the weighted-average period of time that option awards granted are expected to be outstanding giving consideration to vesting schedules and historical participant exercise behavior; the expected volatility is based upon historical volatility of the Company’s common stock; and the expected dividend yield is based upon the Company’s current dividend rate and future expectations.

No share option awards were granted in fiscal 2017 and 2016. The weighted-average grant-date fair value of share option awards granted for fiscal 2015 was $6.02 per share.

A summary of the status of the Company’s share option awards is presented below:

	Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (In Years)		Aggregate Intrinsic Value
Outstanding at January 1, 2017		224,379		$	14.13
Granted		—			—
Exercised		(11,086	)		6.07
Forfeited or Expired		(69,000	)		23.82
Outstanding at December 31, 2017		144,293		$	10.11		3.00	$	159,083
Exercisable at December 31, 2017		130,543		$	9.74		2.56	$	159,083
Vested and Expected to Vest at December 31, 2017		144,256		$	10.11		3.00	$	159,083

The aggregate intrinsic value in the preceding table represents the total pre-tax intrinsic value, based upon the Company’s closing stock price of $7.60 per share as of December 31, 2017, which would have been received by the share option award holders had all share option award holders exercised their share option awards as of that date.

The total intrinsic value of share option awards exercised for fiscal 2017, 2016 and 2015 was approximately $0.1 million, $1.3 million and $0.2 million, respectively. The total cash received from employees as a result of employee share option award exercises for fiscal 2017, 2016 and 2015 was approximately $0.1 million, $1.0 million and $0.1 million, respectively. The value of shares withheld in connection with the exercise of share option awards for fiscal 2016 was approximately $0.1 million. The actual tax benefit realized for the tax deduction from share option award exercises in fiscal 2017, 2016 and 2015 totaled $31,000, $0.5 million and $0.1 million, respectively.

As of December 31, 2017, there was $0.1 million of total unrecognized compensation expense related to nonvested share option awards granted. That expense is expected to be recognized over a weighted-average period of 1.2 years.

Nonvested Share Awards and Nonvested Share Unit Awards

Nonvested share awards and nonvested share unit awards granted by the Company vest for employees from the date of grant in four equal annual installments of 25% per year. Nonvested share awards and nonvested share unit awards granted by the Company to non-employee directors for their service as directors, as defined by ASC 718, vest 100% on the first anniversary of the grant date.

Nonvested share awards are delivered to the recipient upon their vesting. With respect to nonvested share unit awards, vested shares will be delivered to the recipient on the tenth business day of January following the year in which the recipient’s service to the Company is terminated. The total fair value of nonvested share awards which vested during fiscal 2017, 2016 and 2015 was $2.0 million, $1.6 million and $1.7 million, respectively. The total fair value of nonvested share unit awards which vested during fiscal 2017, 2016 and 2015 was $0.3 million, $0.5 million and $0.1 million, respectively.

The following table details the Company’s nonvested share awards activity for fiscal 2017:

	Shares			Weighted- Average Grant- Date Fair Value
Balance at January 1, 2017		355,130		$	12.86
Granted		191,000			14.88
Vested		(137,135	)		13.46
Forfeited		(31,960	)		13.51
Balance at December 31, 2017		377,035		$	13.61

The following table details the Company’s nonvested share unit awards activity for fiscal 2017:

	Units			Weighted- Average Grant- Date Fair Value
Balance at January 1, 2017		27,750		$	9.55
Granted		21,000			13.90
Vested		(25,500	)		10.15
Forfeited		—			—
Balance at December 31, 2017		23,250		$	12.82

The weighted-average grant-date fair value of nonvested share awards and nonvested share unit awards is the quoted market price of the Company’s common stock on the date of grant, as shown in the tables above. The weighted-average grant-date fair value of nonvested share awards granted in fiscal 2017, 2016 and 2015 was $14.88 per share, $11.35 per share and $13.06 per share, respectively. The weighted-average grant-date fair value per share of the Company’s nonvested share unit awards granted in fiscal 2017, 2016 and 2015 was $13.90 per share, $8.87 per share and $14.67 per share, respectively.

As of December 31, 2017, there was $3.5 million and $0.1 million of total unrecognized compensation expense related to nonvested share awards and nonvested share unit awards, respectively. That expense is expected to be recognized over a weighted-average period of approximately 2.3 years and 0.4 years for nonvested share awards and nonvested share unit awards, respectively.

To satisfy employee minimum statutory tax withholding requirements for nonvested share awards that vest, the Company withholds and retires a portion of the vesting common shares, unless an employee elects to pay cash. In fiscal 2017, the Company withheld 54,012 common shares with a total value of $0.8 million. This amount is presented as a cash outflow from financing activities in the accompanying consolidated statements of cash flows.

As of December 31, 2017, dividends accrued but not paid related to nonvested share awards were $0.2 million.

Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data

(17)	Selected Quarterly Financial Data (unaudited)

Fiscal 2017

	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter^(1)(2)(3)(4)
	(In thousands, except per share data)
Net sales	$	252,604	$	243,671	$	270,471	$	242,889
Gross profit	$	83,622	$	79,308	$	87,548	$	72,854
Net income (loss)	$	5,326	$	2,778	$	5,950	$	(12,950	)
Basic earnings per share	$	0.25	$	0.13	$	0.28	$	(0.62	)
Diluted earnings per share	$	0.24	$	0.13	$	0.28	$	(0.62	)

Fiscal 2016

	First			Second		Third		Fourth
	Quarter⁽⁴⁾⁽⁵⁾			Quarter⁽⁵⁾⁽⁶⁾		Quarter⁽⁶⁾		Quarter⁽⁵⁾
	(In thousands, except per share data)
Net sales	$	234,528		$	241,409	$	279,015	$	266,283
Gross profit	$	70,965		$	76,257	$	89,889	$	87,347
Net (loss) income	$	(1,119	)	$	2,124	$	8,187	$	7,694
Basic earnings per share	$	(0.05	)	$	0.10	$	0.38	$	0.36
Diluted earnings per share	$	(0.05	)	$	0.10	$	0.38	$	0.35

⁽¹⁾

The Company recorded a charge of $5.5 million in the fourth quarter of fiscal 2017 to revalue existing net deferred tax assets resulting from the enactment of the Tax Cuts and Jobs Act in December 2017. This charge reduced net income by the same amount, or $0.26 per share. Additionally, in the fourth quarter of fiscal 2017, the Company recorded a charge of $0.6 million, net of the federal income tax benefit, to establish a valuation allowance related to unused California Enterprise Zone Tax Credits, which reduced net income in fiscal 2017 by the same amount, or $0.03 per share.

⁽²⁾	The Company recorded a pre-tax non-cash impairment charge of $0.6 million in the fourth quarter of fiscal 2017 related to certain underperforming stores. This charge reduced net income in the fourth quarter of fiscal 2017 by $0.4 million, or $0.02 per share.

⁽³⁾	The Company recorded a non-cash goodwill impairment charge of $4.4 million in the fourth quarter of fiscal 2017, which reduced net income in the fourth quarter of fiscal 2017 by the same amount, or $0.21 per share.

⁽⁴⁾

The Company excluded all potential share option awards, nonvested share awards and nonvested share unit awards from the computation of diluted earnings per share for the first quarter of fiscal 2016 and the fourth quarter of fiscal 2017, since the Company reported a net loss in each respective period and the effect of their inclusion would have been antidilutive.

⁽⁵⁾

The Company recorded write-offs (benefits) of $0.7 million, $0.2 million and $(0.4) million in the first quarter, second quarter and fourth quarter of fiscal 2016, respectively, related to share-based compensation. These amounts reduced (increased) net income by the same respective amounts, or $0.03, $0.01 and $(0.02) per diluted share, respectively.

⁽⁶⁾

The Company recorded pre-tax charges of $0.1 million and $1.1 million in the second quarter and third quarter of fiscal 2016, respectively, related to store closing costs. These charges were included in selling and administrative expense and reduced net income in the second quarter and third quarter of fiscal 2016 by $60,000, or $0.00 per diluted share, and $0.7 million, or $0.03 per diluted share, respectively.

Subsequent Event

12 Months Ended

Dec. 31, 2017

Subsequent Events [Abstract]

Subsequent Event

(18)	Subsequent Event

In the first quarter of fiscal 2018, the Company’s Board of Directors declared a quarterly cash dividend of $0.15 per share of outstanding common stock, which will be paid on March 23, 2018 to stockholders of record as of March 9, 2018.

Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2017

Valuation And Qualifying Accounts [Abstract]

Schedule II - Valuation and Qualifying Accounts

BIG 5 SPORTING GOODS CORPORATION

SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS

(In thousands)

	Balance at Beginning of Period		Charged to Costs and Expenses				Deductions			Balance at End of Period
December 31, 2017
Allowance for doubtful receivables	$	42	$	60			$	(23	)	$	79
Allowance for sales returns	$	1,334	$	(278	)	⁽¹⁾	$	—		$	1,056
Inventory reserves	$	5,680	$	4,819			$	(4,649	)	$	5,850

January 1, 2017
Allowance for doubtful receivables	$	61	$	28			$	(47	)	$	42
Allowance for sales returns	$	1,325	$	9		⁽¹⁾	$	—		$	1,334
Inventory reserves	$	6,254	$	4,553			$	(5,127	)	$	5,680

January 3, 2016
Allowance for doubtful receivables	$	110	$	50			$	(99	)	$	61
Allowance for sales returns	$	1,320	$	5		⁽¹⁾	$	—		$	1,325
Inventory reserves	$	5,349	$	6,556			$	(5,651	)	$	6,254

⁽¹⁾	Represents an increase (decrease) in the required reserve based upon the Company’s evaluation of anticipated merchandise returns.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Consolidation

Reporting Period

The Company follows the concept of a 52-53 week fiscal year, which ends on the Sunday nearest December 31. Fiscal 2016 and 2017 each included 52 weeks and fiscal 2015 included 53 weeks.

Recently Adopted Accounting Updates

•

The adoption of this standard did not have a material impact on the Company’s consolidated financial statements.

Recently Issued Accounting Updates

Other recently issued accounting updates are not expected to have a material impact on the Company’s consolidated financial statements.

Use of Estimates

Segment Reporting

The approximate net sales attributable to hard goods, athletic and sport apparel, athletic and sport footwear and other for the periods presented are set forth as follows:

	Fiscal Year
	2017		2016		2015
	(In thousands)
Hard goods	$	509,618	$	529,869	$	534,864
Athletic and sport apparel		206,816		200,476		199,109
Athletic and sport footwear		288,536		287,399		291,325
Other sales		4,665		3,491		3,800
Net sales	$	1,009,635	$	1,021,235	$	1,029,098

The Company launched its e-commerce platform in the fourth quarter of fiscal 2014 and e-commerce net sales for fiscal 2017, 2016 and 2015 were not material.

Earnings Per Share

Revenue Recognition

The Company records sales tax collected from its customers on a net basis, and therefore excludes it from revenue as defined in ASC 605, Revenue Recognition.

Cost of Sales

Selling and Administrative Expense

Vendor Allowances

Advertising Expense

Share-Based Compensation

Pre-opening Costs

Pre-opening costs for new stores, which are not material, consist primarily of payroll and recruiting expense, training, marketing, rent, travel and supplies, and are expensed as incurred.

Cash

Cash consists of cash on hand, and the Company has no cash equivalents. Book overdrafts are classified as current liabilities.

Accounts Receivable

Valuation of Merchandise Inventories, Net

Prepaid Expenses

Property and Equipment, Net

Property and equipment are stated at cost and are being depreciated or amortized utilizing the straight-line method over the following estimated useful lives:

Leasehold improvements		Shorter of estimated useful life or term of lease
Furniture and equipment		3 – 10 years
Internal-use software		3 – 7 years

Maintenance and repairs are expensed as incurred.

Goodwill

Valuation of Long-Lived Assets

The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.

Leases and Deferred Rent

The Company accounts for its leases under the provisions of ASC 840, Leases.

The Company evaluates its leases relative to asset retirement obligations, and determined these amounts to be immaterial.

Self-Insurance Liabilities

Income Taxes

Concentration of Risk

The Company maintains its cash accounts in financial institutions, and accounts at these institutions are insured by the Federal Deposit Insurance Corporation up to $250,000.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Summary of Net Sales Attributable to Various Segments

The approximate net sales attributable to hard goods, athletic and sport apparel, athletic and sport footwear and other for the periods presented are set forth as follows:

	Fiscal Year
	2017		2016		2015
	(In thousands)
Hard goods	$	509,618	$	529,869	$	534,864
Athletic and sport apparel		206,816		200,476		199,109
Athletic and sport footwear		288,536		287,399		291,325
Other sales		4,665		3,491		3,800
Net sales	$	1,009,635	$	1,021,235	$	1,029,098

Schedule of Estimated Useful Life of Property and Equipment

Property and equipment are stated at cost and are being depreciated or amortized utilizing the straight-line method over the following estimated useful lives:

Leasehold improvements		Shorter of estimated useful life or term of lease
Furniture and equipment		3 – 10 years
Internal-use software		3 – 7 years

Property and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2017

Property Plant And Equipment [Abstract]

Schedule of Property and Equipment

Property and equipment, net, consist of the following:

	December 31, 2017			January 1, 2017
	(In thousands)
Furniture and equipment	$	136,858		$	130,429
Leasehold improvements		160,945			154,487
Internal-use software		34,215			33,701
		332,018			318,617
Accumulated depreciation and amortization ⁽¹⁾		(256,005	)		(240,926	)
		76,013			77,691
Assets not placed into service		1,252			729
Property and equipment, net	$	77,265		$	78,420

⁽¹⁾	Includes accumulated amortization for internal-use software development costs of $24.2 million and $21.6 million as of December 31, 2017 and January 1, 2017, respectively.

Store Closing Costs (Tables)

12 Months Ended

Dec. 31, 2017

Restructuring And Related Activities [Abstract]

Schedule of Activity for Company Store Closing Reserves

The following table summarizes the activity for the Company’s store closing reserves:

	Lease Termination Costs
	(In thousands)
Balance at January 1, 2017	$	788
Store closing costs		(137	)
Payments		(631	)
Balance at December 31, 2017	$	20

Accrued Expenses (Tables)

12 Months Ended

Dec. 31, 2017

Payables And Accruals [Abstract]

Summary of Accrued Expenses

The major components of accrued expenses are as follows:

	December 31, 2017		January 1, 2017
	(In thousands)
Payroll and related expense	$	23,670	$	24,224
Occupancy expense		10,005		10,981
Sales tax		9,674		11,376
Other		24,877		30,306
Accrued expenses	$	68,226	$	76,887

Lease Commitments (Tables)

12 Months Ended

Dec. 31, 2017

Leases [Abstract]

Schedule of Rent Expense

Rent expense for operating leases consisted of the following:

	Year Ended
	December 31, 2017		January 1, 2017		January 3, 2016
	(In thousands)
Rent expense	$	75,250	$	72,631	$	71,541
Contingent rent		393		513		654
Total rent expense	$	75,643	$	73,144	$	72,195

Schedule of Future Minimum Lease Payments under Non-Cancelable Leases

Future minimum lease payments under non-cancelable leases as of December 31, 2017 are as follows:

Year Ending:	Capital Leases			Operating Leases		Total
	(In thousands)
2018	$	1,933		$	80,889	$	82,822
2019		1,526			71,192		72,718
2020		1,045			57,131		58,176
2021		361			41,143		41,504
2022		26			29,061		29,087
Thereafter		—			58,019		58,019
Total minimum lease payments ⁽¹⁾		4,891		$	337,435	$	342,326
Imputed interest		(337	)
Present value of minimum lease payments	$	4,554

⁽¹⁾	Minimum lease payments have not been reduced by sublease rentals of $0.7 million due in the future under non-cancelable subleases.

Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2017

Average Daily Excess Availability for Preceding Fiscal Quarter

Prior to the Third Amendment, the applicable margin for all loans under the existing Credit Agreement was as set forth below as a function of Average Daily Availability for the preceding fiscal quarter.

Level	Average Daily Availability	LIBO Rate Applicable Margin	Base Rate Applicable Margin
I	Greater than or equal to $100,000,000	1.25%	0.25%
II	Less than $100,000,000 but greater than or equal to $40,000,000	1.50%	0.50%
III	Less than $40,000,000	1.75%	0.75%

Summary of Borrowings Outstanding

As of December 31, 2017 and January 1, 2017, the Company had long-term revolving credit borrowings outstanding bearing interest at either LIBO or the prime lending rates as follows:

	December 31, 2017		January 1, 2017
	(In thousands)
LIBO rate	$	45,000	$	10,000
Prime rate		—		—
Total borrowings	$	45,000	$	10,000

Third Amendment to Credit Agreement [Member]

Average Daily Excess Availability for Preceding Fiscal Quarter

The applicable margin for all loans will be a function of Average Daily Availability for the preceding fiscal quarter as set forth below.

Level

Average Daily Availability

LIBO Rate

Applicable Margin

Base Rate

Applicable Margin

Greater than or equal to $70,000,000

1.25%

0.25%

Less than $70,000,000

1.375%

0.50%

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644

+ Details

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Summary of Total Income Tax Expense (Benefit)

Total income tax expense (benefit) consists of the following:

	Current		Deferred			Total
	(In thousands)
Fiscal 2017:
Federal	$	3,231	$	8,092		$	11,323
State		836		1,435			2,271
	$	4,067	$	9,527		$	13,594
Fiscal 2016:
Federal	$	9,635	$	(652	)	$	8,983
State		1,712		355			2,067
	$	11,347	$	(297	)	$	11,050
Fiscal 2015:
Federal	$	7,478	$	378		$	7,856
State		1,558		37			1,595
	$	9,036	$	415		$	9,451

Schedule of Federal Statutory Tax Rate Reconciliation

The provision for income taxes differs from the amounts computed by applying the federal statutory tax rate of 35% to earnings before income taxes, as follows:

	Year Ended
	December 31, 2017		January 1, 2017		January 3, 2016
	(In thousands)
Tax expense at statutory rate	$	5,144	$	9,778	$	8,662
State taxes, net of federal benefit		658		1,244		1,118
Federal rate change and other		7,792		28		(329	)
	$	13,594	$	11,050	$	9,451

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities consist of the following tax-effected temporary differences:

	December 31, 2017			January 1, 2017
	(In thousands)
Deferred tax assets:
Deferred rent	$	5,076		$	8,389
Insurance liabilities		2,762			4,365
Employee benefit-related liabilities		2,726			4,044
Inventory		1,635			3,174
California Enterprise Zone Tax Credits		1,451			1,542
Gift card liability		1,033			1,420
Share-based compensation		891			1,512
Deferred lease revenue		803			1,595
Allowance for sales returns		294			558
Other		491			1,572
Gross deferred tax assets		17,162			28,171
Less: Valuation allowance		(876	)		—
Deferred tax assets, net of valuation allowance		16,286			28,171
Federal liability on state deferred tax assets		(1,234	)		(2,559	)
Basis difference in fixed assets		(476	)		(1,913	)
Prepaid expense		(404	)		—
Deferred tax liabilities		(2,114	)		(4,472	)
Net deferred tax assets	$	14,172		$	23,699

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share:

	Year Ended
	December 31, 2017		January 1, 2017		January 3, 2016
	(In thousands, except per share data)

Net income	$	1,104	$	16,886	$	15,297
Weighted-average shares of common stock outstanding:
Basic		21,439		21,607		21,741
Dilutive effect of common stock equivalents arising from share option, nonvested share and nonvested share unit awards		146		209		186
Diluted		21,585		21,816		21,927
Basic earnings per share	$	0.05	$	0.78	$	0.70
Diluted earnings per share	$	0.05	$	0.77	$	0.70
Antidilutive share option awards excluded from diluted calculation		83		200		481
Antidilutive nonvested share and nonvested share unit awards excluded from diluted calculation		145		—		2

Share-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Weighted-Average Assumptions Used to Estimate the Fair Value of Each Share Option Award

The fair value of each share option award on the date of grant was estimated using the Black-Scholes method based on the following weighted-average assumptions:

	Year Ended
	December 31, 2017		January 1, 2017		January 3, 2016
Risk-free interest rate		—		—		1.8	%
Expected term		—		—	5.8 years
Expected volatility		—		—		57.0	%
Expected dividend yield		—		—		2.8	%

Summary of Share Option Awards

A summary of the status of the Company’s share option awards is presented below:

	Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (In Years)		Aggregate Intrinsic Value
Outstanding at January 1, 2017		224,379		$	14.13
Granted		—			—
Exercised		(11,086	)		6.07
Forfeited or Expired		(69,000	)		23.82
Outstanding at December 31, 2017		144,293		$	10.11		3.00	$	159,083
Exercisable at December 31, 2017		130,543		$	9.74		2.56	$	159,083
Vested and Expected to Vest at December 31, 2017		144,256		$	10.11		3.00	$	159,083

Summary of Nonvested Share Awards Activity

The following table details the Company’s nonvested share awards activity for fiscal 2017:

	Shares			Weighted- Average Grant- Date Fair Value
Balance at January 1, 2017		355,130		$	12.86
Granted		191,000			14.88
Vested		(137,135	)		13.46
Forfeited		(31,960	)		13.51
Balance at December 31, 2017		377,035		$	13.61

The following table details the Company’s nonvested share unit awards activity for fiscal 2017:

	Units			Weighted- Average Grant- Date Fair Value
Balance at January 1, 2017		27,750		$	9.55
Granted		21,000			13.90
Vested		(25,500	)		10.15
Forfeited		—			—
Balance at December 31, 2017		23,250		$	12.82

Selected Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

Fiscal 2017

	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter^(1)(2)(3)(4)
	(In thousands, except per share data)
Net sales	$	252,604	$	243,671	$	270,471	$	242,889
Gross profit	$	83,622	$	79,308	$	87,548	$	72,854
Net income (loss)	$	5,326	$	2,778	$	5,950	$	(12,950	)
Basic earnings per share	$	0.25	$	0.13	$	0.28	$	(0.62	)
Diluted earnings per share	$	0.24	$	0.13	$	0.28	$	(0.62	)

Fiscal 2016

	First			Second		Third		Fourth
	Quarter⁽⁴⁾⁽⁵⁾			Quarter⁽⁵⁾⁽⁶⁾		Quarter⁽⁶⁾		Quarter⁽⁵⁾
	(In thousands, except per share data)
Net sales	$	234,528		$	241,409	$	279,015	$	266,283
Gross profit	$	70,965		$	76,257	$	89,889	$	87,347
Net (loss) income	$	(1,119	)	$	2,124	$	8,187	$	7,694
Basic earnings per share	$	(0.05	)	$	0.10	$	0.38	$	0.36
Diluted earnings per share	$	(0.05	)	$	0.10	$	0.38	$	0.35

⁽¹⁾

⁽²⁾	The Company recorded a pre-tax non-cash impairment charge of $0.6 million in the fourth quarter of fiscal 2017 related to certain underperforming stores. This charge reduced net income in the fourth quarter of fiscal 2017 by $0.4 million, or $0.02 per share.

⁽³⁾	The Company recorded a non-cash goodwill impairment charge of $4.4 million in the fourth quarter of fiscal 2017, which reduced net income in the fourth quarter of fiscal 2017 by the same amount, or $0.21 per share.

⁽⁴⁾

⁽⁵⁾

⁽⁶⁾

Description of Business - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2017 ft² Store Segment
Description Of Business [Line Items]
Number of operating stores \| Store	435
Area of traditional sporting goods store \| ft²	11,000
Number of reportable segment \| Segment	1
Big 5 Corp [Member]
Description Of Business [Line Items]
Subsidiary interest ownership percentage	100.00%
Big 5 Service Corp [Member]
Description Of Business [Line Items]
Subsidiary interest ownership percentage	100.00%

Summary of Significant Accounting Policies - Additional Information (Detail)	3 Months Ended			12 Months Ended
	Apr. 01, 2018 USD ($)	Dec. 31, 2017 USD ($) Supplier	Apr. 02, 2017 USD ($)	Dec. 31, 2017 USD ($) Supplier	Jan. 01, 2017 USD ($)	Jan. 03, 2016 USD ($)
Accounting Policies [Line Items]
Reporting period, minimum				364 days
Reporting period, maximum				371 days
Unrecognized tax benefits			$ 0
Cumulative effect adjustment to retained earnings			$ 0
Retained earnings		$ 112,424,000		$ 112,424,000	$ 124,363,000
Estimated gift card redemption period				20 quarters
Outstanding gift card liabilities		5,700,000		$ 5,700,000	5,300,000
Advertising expense, net of co-operative advertising allowances				37,900,000	38,200,000	$ 39,800,000
Co-operative advertising allowances				5,600,000	5,900,000	6,000,000
Cash equivalents		0		0
Long-lived assets to be held and used		500,000		500,000
Impairment of store assets		600,000		602,000	0	192,000
Self-insurance liabilities		11,600,000		11,600,000	11,600,000
Accrued interest or penalties		0		0	0
Cash deposits insured by the Federal Deposit Insurance Corporation		$ 250,000		$ 250,000
Concentration risk, suppliers \| Supplier				700
Concentration risk, largest supplier \| Supplier				20
Suppliers accounted for total purchases		40.90%		40.90%
Percentage of vendors represented greater than of total purchases				5.00%
Vendor represented greater than of total purchases \| Supplier		1		1
One vendor [Member]
Accounting Policies [Line Items]
Suppliers accounted for total purchases		11.00%		11.00%
Accrued expenses [Member]
Accounting Policies [Line Items]
Self-insurance liabilities		$ 4,600,000		$ 4,600,000	4,700,000
Other long-term liabilities [Member]
Accounting Policies [Line Items]
Self-insurance liabilities		$ 7,000,000		7,000,000	6,900,000
Gift Card Breakage Revenue [Member]
Accounting Policies [Line Items]
Recognized gift card breakage revenue				$ 400,000	$ 400,000	$ 400,000
ASU No. 2014-09 [Member] \| Scenario Forecast [Member]
Accounting Policies [Line Items]
Retained earnings	$ 700,000
Inventory cost	$ 1,300,000

Summary of Significant Accounting Policies - Summary of Net Sales Attributable to Various Segments (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Oct. 01, 2017	Jul. 02, 2017	Apr. 02, 2017	Jan. 01, 2017	Oct. 02, 2016	Jul. 03, 2016	Apr. 03, 2016	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Operating Segment Information [Line Items]
Net sales	$ 242,889	$ 270,471	$ 243,671	$ 252,604	$ 266,283	$ 279,015	$ 241,409	$ 234,528	$ 1,009,635	$ 1,021,235	$ 1,029,098
Hard goods [Member]
Operating Segment Information [Line Items]
Net sales									509,618	529,869	534,864
Athletic and sport apparel [Member]
Operating Segment Information [Line Items]
Net sales									206,816	200,476	199,109
Athletic and sport footwear [Member]
Operating Segment Information [Line Items]
Net sales									288,536	287,399	291,325
Other sales [Member]
Operating Segment Information [Line Items]
Net sales									$ 4,665	$ 3,491	$ 3,800

Summary of Significant Accounting Policies - Schedule of Estimated Useful Life of Property and Equipment (Detail)	12 Months Ended
	Dec. 31, 2017
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	Shorter of estimated useful life or term of lease
Furniture and equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Furniture and equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years
Internal-use software [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Internal-use software [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	7 years

Property and Equipment, Net - Schedule of Property and Equipment (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Jan. 01, 2017
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 332,018	$ 318,617
Accumulated depreciation and amortization	(256,005)	(240,926)
Property and equipment, net excluding assets not placed into service	76,013	77,691
Assets not placed into service	1,252	729
Property and equipment, net	77,265	78,420
Furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	136,858	130,429
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	160,945	154,487
Internal-use software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 34,215	$ 33,701

Property and Equipment, Net - Schedule of Property and Equipment (Parenthetical) (Detail) - USD ($) $ in Millions	Dec. 31, 2017	Jan. 01, 2017
Internal-use software development [Member]
Property, Plant and Equipment [Line Items]
Accumulated amortization for internal-use software development costs	$ 24.2	$ 21.6

Property and Equipment, Net - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 7.1	$ 7.8	$ 8.3
Amortization expense	9.6	10.2	11.6
Capital leases, gross	11.9	9.9
Accumulated depreciation of capital leases	7.5	6.6
Internal-use software [Member]
Property, Plant and Equipment [Line Items]
Amortization expense	$ 2.5	$ 1.1	$ 1.5

Goodwill - Additional Information (Detail)	3 Months Ended	12 Months Ended
Goodwill - Additional Information (Detail)	Dec. 31, 2017 USD ($)	Dec. 31, 2017 USD ($) ReportingUnit	Jan. 01, 2017 USD ($)	Jan. 03, 2016 USD ($)
Goodwill [Line Items]
Number of reporting unit for goodwill impairment testing purpose \| ReportingUnit		1
Non-cash goodwill impairment charge	$ 4,400,000	$ 4,433,000	$ 0	$ 0
Selling and administrative expense [Member]
Goodwill [Line Items]
Non-cash goodwill impairment charge	$ 4,400,000

Impairment of Long-Lived Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Impairment Or Disposal Of Tangible Assets Disclosure [Abstract]
Impairment of store assets	$ 600	$ 602	$ 0	$ 192

Store Closing Costs - Additional Information (Detail) $ in Millions	12 Months Ended			18 Months Ended
	Dec. 31, 2017 Store	Jan. 01, 2017 Store	Jan. 03, 2016 Store	Dec. 31, 2017 USD ($)
Restructuring Cost And Reserve [Line Items]
Number of underperforming stores closed	0	5	0
Net expense incurred to date related to store closing costs \| $				$ 1.1
Early Termination [Member]
Restructuring Cost And Reserve [Line Items]
Number of underperforming stores closed	2

Store Closing Costs - Schedule of Activity for Company Store Closing Reserves (Detail) - USD ($) $ in Thousands	12 Months Ended	18 Months Ended
	Dec. 31, 2017	Dec. 31, 2017
Restructuring Cost And Reserve [Line Items]
Store closing costs		$ (1,100)
Lease Termination Costs [Member]
Restructuring Cost And Reserve [Line Items]
Balance at January 1, 2017	$ 788
Store closing costs	(137)
Payments	(631)
Balance at December 31, 2017	$ 20	$ 20

Fair Value Measurements - Additional Information (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Fair Value Disclosures [Abstract]
Goodwill impairment charges	$ 4,400,000	$ 4,433,000	$ 0	$ 0

Accrued Expenses - Summary of Accrued Expenses (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Jan. 01, 2017
Payables And Accruals [Abstract]
Payroll and related expense	$ 23,670	$ 24,224
Occupancy expense	10,005	10,981
Sales tax	9,674	11,376
Other	24,877	30,306
Accrued expenses	$ 68,226	$ 76,887

Lease Commitments - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jan. 01, 2017	Dec. 31, 2017
Leases Disclosure [Line Items]
Assignment fee received	$ 4.3
Remaining lease term		3 years
Deferred lease revenue		$ 2.9
Deferred lease revenue to be recognized in fiscal 2018		0.9
Deferred lease revenue to be recognized in fiscal 2019		0.9
Deferred lease revenue to be recognized in fiscal 2020		$ 0.9
Minimum [Member]
Leases Disclosure [Line Items]
Operating lease renewal options, period		5 years
Maximum [Member]
Leases Disclosure [Line Items]
Operating lease renewal options, period		10 years

Lease Commitments - Schedule of Rent Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Leases [Abstract]
Rent expense	$ 75,250	$ 72,631	$ 71,541
Contingent rent	393	513	654
Total rent expense	$ 75,643	$ 73,144	$ 72,195

- Definition

The increases or decreases in lease payments that result from changes occurring after the inception of the lease in the factors (other than the passage of time) on which lease payments are based, except that any escalation of minimum lease payments relating to increases in construction or acquisition cost of the leased property or for increases in some measure of cost or value during the construction or preconstruction period, are excluded from contingent rentals. Contingent rentals also may include amounts for which the triggering events have not yet occurred or the specified targets for which have not yet been achieved (such as sales based percentage rent), but which events are considered probable of occurring or which specified targets are considered probable of being achieved.

+ References + Details

Lease Commitments - Schedule of Future Minimum Lease Payments under Non-Cancelable Leases (Detail) $ in Thousands	Dec. 31, 2017 USD ($)
Leases [Abstract]
2018, Capital Leases	$ 1,933
2019, Capital Leases	1,526
2020, Capital Leases	1,045
2021, Capital Leases	361
2022, Capital Leases	26
Total minimum lease payments, Capital Leases	4,891
Imputed interest	(337)
Present value of minimum lease payments	4,554
2018, Operating Leases	80,889
2019, Operating Leases	71,192
2020, Operating Leases	57,131
2021, Operating Leases	41,143
2022, Operating Leases	29,061
Thereafter, Operating Leases	58,019
Total minimum lease payments, Operating Leases	337,435
2018, Total	82,822
2019, Total	72,718
2020, Total	58,176
2021, Total	41,504
2022, Total	29,087
Thereafter, Total	58,019
Total minimum lease payments	$ 342,326

Lease Commitments - Schedule of Future Minimum Lease Payments under Non-Cancelable Leases (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2017 USD ($)
Leases [Abstract]
Minimum lease payments, sublease rentals under non-cancelable subleases	$ 700,000

Long-Term Debt - Additional Information (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2017	Jan. 01, 2017
Debt Instrument [Line Items]
Credit Agreement description		On October 18, 2010, the Company, Big 5 Corp. and Big 5 Services Corp. entered into a credit agreement with Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent, and a syndicate of other lenders, which was amended on October 31, 2011 and December 19, 2013 (as so amended, the “Credit Agreement”). On September 29, 2017, the parties amended certain provisions of the Credit Agreement (such amendment, the “Third Amendment”), as further discussed below. The amendment represented a modification and resulted in the payment and capitalization of $0.2 million in deferred financing fees.
Payment in deferred financing fees		$ 248,000
Revolving credit facility	$ 140,000,000	140,000,000
First tier of increase to the borrowing capacity	165,000,000	165,000,000
Maximum limit of credit facility	200,000,000	200,000,000
Sublimit for issuances of letters of credit	50,000,000	50,000,000
Sublimit for swingline loans	$ 20,000,000	$ 20,000,000
Percentage of eligible credit card accounts receivables	90.00%	90.00%
Percentage of the value of eligible inventory		90.00%
Percentage of the value of eligible in-transit inventory		90.00%
Eligible in-transit inventory threshold	$ 10,000,000	$ 10,000,000
Debt instrument, covenant description		Obligations under the Credit Facility are secured by a general lien and perfected security interest in substantially all of the Company’s assets. The Credit Agreement contains covenants that require the Company to maintain a fixed charge coverage ratio of not less than 1.0:1.0 in certain circumstances, and limit the ability
Events of default, description		The Credit Agreement contains customary events of default, including, without limitation, failure to pay when due principal amounts with respect to the Credit Facility, failure to pay any interest or other amounts under the Credit Facility for five days after becoming due, failure to comply with certain agreements or covenants contained in the Credit Agreement, failure to satisfy certain judgments against the Company, failure to pay when due (or any other default which does or may lead to the acceleration of) certain other material indebtedness in principal amount in excess of $5.0 million, and certain insolvency and bankruptcy events.
Line of Credit Facility default debt minimum amount	5,000,000	$ 5,000,000
Maturity date of Credit Agreement		Dec. 19, 2018
Letter of credit commitments	$ 500,000	$ 500,000	$ 500,000
Wells Fargo Bank [Member]
Debt Instrument [Line Items]
Revolving credit borrowings, interest rate		4.50%	3.75%
Revolving Credit Borrowings [Member]
Debt Instrument [Line Items]
Revolving credit borrowings, interest rate		2.60%	2.20%
Third Amendment to Credit Agreement [Member]
Debt Instrument [Line Items]
Maturity date of Credit Agreement		Sep. 29, 2022
Minimum [Member]
Debt Instrument [Line Items]
Fixed charge coverage ratio	100.00%	100.00%
One-month LIBO rate [Member]
Debt Instrument [Line Items]
Revolving credit borrowings, interest rate		1.60%	0.80%
First Amendment to Credit Agreement [Member]
Debt Instrument [Line Items]
Credit agreement amendment date		Oct. 31, 2011
Second Amendment to Credit Agreement [Member]
Debt Instrument [Line Items]
Credit agreement amendment date		Dec. 19, 2013
Interest rate, description		the applicable margin for base rate loans (as shown below) plus the highest of (a) the Federal funds rate, as in effect from time to time, plus one-half of one percent (0.50%), (b) the LIBO rate, as adjusted to account for statutory reserves, plus one percent (1.00%), or (c) the rate of interest in effect for such day as publicly announced from time to time by Wells Fargo as its “prime rate.”
Commitment fee assessed		0.25%
Second Amendment to Credit Agreement [Member] \| Federal Funds Rate [Member]
Debt Instrument [Line Items]
Applicable margin in addition to variable rate		0.50%
Second Amendment to Credit Agreement [Member] \| LIBO Rate [Member]
Debt Instrument [Line Items]
Applicable margin in addition to variable rate		1.00%
Third Amendment to Credit Agreement [Member]
Debt Instrument [Line Items]
Credit agreement amendment date		Sep. 29, 2017
Payment in deferred financing fees		$ 200,000
Capitalization in deferred financing fees	$ 200,000	200,000
Revolving credit facility	100,000,000	100,000,000
Sublimit for issuances of letters of credit	$ 25,000,000	$ 25,000,000
Interest rate, description		the applicable margin for base rate loans (as shown below) plus the highest of (a) the Federal funds rate, as in effect from time to time, plus one-half of one percent (0.50%), (b) the LIBO rate, plus one percentage point (1.00%), or (c) the rate of interest in effect for such day as announced from time to time within Wells Fargo as its “prime rate.”
Commitment fee assessed	0.20%
Third Amendment to Credit Agreement [Member] \| Federal Funds Rate [Member]
Debt Instrument [Line Items]
Applicable margin in addition to variable rate		0.50%
Third Amendment to Credit Agreement [Member] \| LIBO Rate [Member]
Debt Instrument [Line Items]
Applicable margin in addition to variable rate		1.00%
Wells Fargo Bank National Association [Member]
Debt Instrument [Line Items]
Remaining borrowing availability	$ 94,500,000	$ 94,500,000	$ 129,500,000

Long-Term Debt - Average Daily Excess Availability for Preceding Fiscal Quarter (Detail)	12 Months Ended
	Dec. 31, 2017
Second Amendment to Credit Agreement [Member] \| Level I [Member]
Line Of Credit Facility [Line Items]
Average Daily Availability	Greater than or equal to $100,000,000
LIBO Rate Applicable Margin	1.25%
Base Rate Applicable Margin	0.25%
Second Amendment to Credit Agreement [Member] \| Level II [Member]
Line Of Credit Facility [Line Items]
Average Daily Availability	Less than $100,000,000 but greater than or equal to $40,000,000
LIBO Rate Applicable Margin	1.50%
Base Rate Applicable Margin	0.50%
Second Amendment to Credit Agreement [Member] \| Level III [Member]
Line Of Credit Facility [Line Items]
Average Daily Availability	Less than $40,000,000
LIBO Rate Applicable Margin	1.75%
Base Rate Applicable Margin	0.75%
Third Amendment to Credit Agreement [Member] \| Level I [Member]
Line Of Credit Facility [Line Items]
Average Daily Availability	Greater than or equal to $70,000,000
LIBO Rate Applicable Margin	1.25%
Base Rate Applicable Margin	0.25%
Third Amendment to Credit Agreement [Member] \| Level II [Member]
Line Of Credit Facility [Line Items]
Average Daily Availability	Less than $70,000,000
LIBO Rate Applicable Margin	1.375%
Base Rate Applicable Margin	0.50%

Long-Term Debt - Summary of Borrowings Outstanding (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Jan. 01, 2017
Line Of Credit Facility [Line Items]
Total borrowings	$ 45,000	$ 10,000
LIBO Rate [Member]
Line Of Credit Facility [Line Items]
Total borrowings	$ 45,000	$ 10,000

- Definition

The carrying value as of the balance sheet date of the noncurrent portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Income Taxes - Summary of Total Income Tax Expense (Benefit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Income Tax Disclosure [Abstract]
Current, Federal	$ 3,231	$ 9,635	$ 7,478
Current, State	836	1,712	1,558
Current, Total	4,067	11,347	9,036
Deferred, Federal	8,092	(652)	378
Deferred, State	1,435	355	37
Deferred, Total	9,527	(297)	415
Total, Federal	11,323	8,983	7,856
Total, State	2,271	2,067	1,595
Total income tax expense (benefit)	$ 13,594	$ 11,050	$ 9,451

Income Taxes - Additional Information (Detail) - USD ($)		3 Months Ended	12 Months Ended
	Jan. 01, 2018	Dec. 31, 2017	Dec. 31, 2017	Jan. 01, 2017
Income Tax Contingency [Line Items]
Federal statutory tax rate			35.00%
Revaluation of net deferred tax assets		$ 5,500,000
Write-off of deferred tax assets related to share based compensation				$ 500,000
Valuation allowance		876,000	$ 876,000	0
Unrecognized tax benefits		0	0	$ 0
Unrecognized tax benefits, period				Over the next 12 months
Accrued interest or penalties		0	$ 0	$ 0
Earliest Tax Year [Member] \| Federal [Member]
Income Tax Contingency [Line Items]
Income tax returns in period			2014
Earliest Tax Year [Member] \| State and Local [Member]
Income Tax Contingency [Line Items]
Income tax returns in period			2013
Goodwill [Member]
Income Tax Contingency [Line Items]
Provision related to non-deductible goodwill impairment			$ 1,700,000
TCJA [Member]
Income Tax Contingency [Line Items]
Revaluation of net deferred tax assets			5,500,000
California Enterprise Zone Tax Credits [Member]
Income Tax Contingency [Line Items]
Provision for incomes taxes, excluding federal income tax benefit		600,000	900,000
Valuation allowance		$ 900,000	$ 900,000
Tax credits carry forward latest expiration year			2024
Subsequent Event [Member]
Income Tax Contingency [Line Items]
Federal statutory tax rate	21.00%

Income Taxes - Schedule of Federal Statutory Tax Rate Reconciliation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Income Tax Disclosure [Abstract]
Tax expense at statutory rate	$ 5,144	$ 9,778	$ 8,662
State taxes, net of federal benefit	658	1,244	1,118
Federal rate change and other	7,792	28	(329)
Total income tax expense (benefit)	$ 13,594	$ 11,050	$ 9,451

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Detail) - USD ($)	Dec. 31, 2017	Jan. 01, 2017
Deferred tax assets:
Deferred rent	$ 5,076,000	$ 8,389,000
Insurance liabilities	2,762,000	4,365,000
Employee benefit-related liabilities	2,726,000	4,044,000
Inventory	1,635,000	3,174,000
California Enterprise Zone Tax Credits	1,451,000	1,542,000
Gift card liability	1,033,000	1,420,000
Share-based compensation	891,000	1,512,000
Deferred lease revenue	803,000	1,595,000
Allowance for sales returns	294,000	558,000
Other	491,000	1,572,000
Gross deferred tax assets	17,162,000	28,171,000
Less: Valuation allowance	(876,000)	0
Deferred tax assets, net of valuation allowance	16,286,000	28,171,000
Federal liability on state deferred tax assets	(1,234,000)	(2,559,000)
Basis difference in fixed assets	(476,000)	(1,913,000)
Prepaid expense	(404,000)
Deferred tax liabilities	(2,114,000)	(4,472,000)
Net deferred tax assets	$ 14,172,000	$ 23,699,000

Earnings Per Share - Computation of Basic and Diluted Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Oct. 01, 2017	Jul. 02, 2017	Apr. 02, 2017	Jan. 01, 2017	Oct. 02, 2016	Jul. 03, 2016	Apr. 03, 2016	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Earnings Per Share Basic [Line Items]
Net income	$ (12,950)	$ 5,950	$ 2,778	$ 5,326	$ 7,694	$ 8,187	$ 2,124	$ (1,119)	$ 1,104	$ 16,886	$ 15,297
Weighted-average shares of common stock outstanding:
Basic									21,439,000	21,607,000	21,741,000
Dilutive effect of common stock equivalents arising from share option, nonvested share and nonvested share unit awards									146,000	209,000	186,000
Diluted									21,585,000	21,816,000	21,927,000
Basic earnings per share	$ (0.62)	$ 0.28	$ 0.13	$ 0.25	$ 0.36	$ 0.38	$ 0.10	$ (0.05)	$ 0.05	$ 0.78	$ 0.70
Diluted earnings per share	$ (0.62)	$ 0.28	$ 0.13	$ 0.24	$ 0.35	$ 0.38	$ 0.10	$ (0.05)	$ 0.05	$ 0.77	$ 0.70
Share Option Awards [Member]
Weighted-average shares of common stock outstanding:
Antidilutive shares/unit awards excluded from diluted calculation									83,000	200,000	481,000
Nonvested Share Awards and Nonvested Share Unit Awards [Member]
Weighted-average shares of common stock outstanding:
Antidilutive shares/unit awards excluded from diluted calculation									145,000	0	2,000

Earnings Per Share - Additional Information (Detail) - shares	12 Months Ended
	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Nonvested Share Awards and Nonvested Share Unit Awards [Member]
Earnings Per Share Basic [Line Items]
Antidilutive shares/unit awards excluded from diluted calculation	145,000	0	2,000

Employee Benefit Plans - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Defined Contribution Pension And Other Postretirement Plans Disclosure [Abstract]
Employer matching and profit-sharing contributions	$ 1.8	$ 1.8	$ 2.0

Related Party Transactions - Additional Information (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Oct. 01, 2017	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Related Party Transaction [Line Items]
Net Recovery of short swing profits	$ 100,000	$ 136,000
Related legal fees and taxes		200,000
Musick Peeler & Garrett LLP [Member]
Related Party Transaction [Line Items]
Services received by Company from related party				$ 700,000
Co-founder [Member]
Related Party Transaction [Line Items]
Annual base salary under agreement to be paid to related party		350,000
Salary base amount under agreement paid to related party		350,000	$ 350,000	350,000
Expense recognized to provide future obligations under agreement		200,000	200,000	$ 300,000
Liability of future obligations		$ 1,200,000	$ 1,300,000

Commitments and Contingencies - Additional Information (Detail)		12 Months Ended
	Feb. 29, 2008 Time	Dec. 31, 2017 USD ($)
Commitments And Contingencies [Line Items]
Lease expiration date	Feb. 28, 2019
Number of times lease can be renewed \| Time	6
Lease renewal period	5 years
Lease amendment description		In May 2017, the Company entered into an amendment to the lease to, among other things, extend the primary lease term, and consequently the construction deadline, to a date between February 29, 2020 and June 30, 2020
Non refundable payment		$ 40,000
Purchase the premises		$ 4,500,000
Due diligence expiration date		Mar. 02, 2018
Escrow deposit to purchase the property		$ 300,000
Sale agreement termination, date		November 27, 2020
Additional Amendment Lease Agreement [Member]
Commitments And Contingencies [Line Items]
Lease amendment description		In November 2017, the Company entered into an additional amendment to the lease concurrently with entering into a purchase and sale agreement.

Share-Based Compensation Plans - Additional Information (Detail) - USD ($)		12 Months Ended
	Jun. 14, 2011	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares outstanding		144,293	224,379
Compensation expense		$ 2,300,000	$ 2,300,000	$ 2,200,000
Recognized tax benefit relating to compensation expense		900,000	900,000	800,000
Net income reduced		$ 1,400,000	$ 1,400,000	$ 1,400,000
Reduction in basic and diluted income per share		$ 0.06	$ 0.06	$ 0.06
Employee share option award exercised		$ 67,000	$ 967,000	$ 147,000
Value of shares withheld for exercise of share option awards			112,000
Shares withheld for tax requirements		54,012
Tax withholding payments for share-based compensation		$ 805,000	613,000	685,000
Common Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Closing stock price per share		$ 7.60
Tax withholding payments for share-based compensation		$ 1,000	1,000	1,000
Cost of sales [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense		100,000	100,000	100,000
Selling and administrative expense [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense		$ 2,200,000	$ 2,200,000	2,100,000
Nonvested Share Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted, shares		191,000
Nonvested shares outstanding		377,035	355,130
Weighted-average period of recognition		2 years 3 months 18 days
Fair value of nonvested share awards		$ 2,000,000	$ 1,600,000	$ 1,700,000
Weighted-average grant-date fair value per share, granted		$ 14.88	$ 11.35	$ 13.06
Unrecognized compensation expenses		$ 3,500,000
Dividends accrued but not paid		$ 200,000
Nonvested Share Unit Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted, shares		21,000
Nonvested shares outstanding		23,250	27,750
Weighted-average period of recognition		4 months 24 days
Fair value of nonvested share awards		$ 300,000	$ 500,000	$ 100,000
Weighted-average grant-date fair value per share, granted		$ 13.90	$ 8.87	$ 14.67
Unrecognized compensation expenses		$ 100,000
Share Option Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted, shares		0	0
Weighted-average grant-date fair value per share				$ 6.02
Intrinsic value of share option awards exercised		$ 100,000	$ 1,300,000	$ 200,000
Employee share option award exercised		100,000	1,000,000	100,000
Value of shares withheld for exercise of share option awards			100,000
Tax benefit realized for the expected tax deduction from share option award exercises		31,000	$ 500,000	$ 100,000
Unrecognized compensation expense		$ 100,000
Weighted-average period of recognition		1 year 2 months 12 days
2007 Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum expiration period of share based payment awards granted		10 years
Aggregate amount of shares authorized for issuance		2,399,250
Shares limited for every one share granted		250.00%
2016 Amendment and Restatement of 2007 Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Aggregate amount of shares authorized for issuance		3,649,250
Maximum number of shares increased	3,250,000
Expiration date of plan		Apr. 19, 2026
Amendments and Restatements of 2007 Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares available for future grant		2,090,250
Amendments and Restatements of 2007 Plan [Member] \| Nonvested Share Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted, shares		191,000
Nonvested shares outstanding		377,035
Amendments and Restatements of 2007 Plan [Member] \| Nonvested Share Unit Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted, shares		21,000
Nonvested shares outstanding		23,250
Amendments and Restatements of 2007 Plan [Member] \| Share Option Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted, shares		0
Shares outstanding		144,293
Share-based Compensation Award, Tranche One [Member] \| Performance Shares [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting rights (as percentage)		25.00%
Share-based Compensation Award, Tranche One [Member] \| Performance Shares [Member] \| Non-Employee Directors [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting rights (as percentage)		100.00%
Share-based Compensation Award, Tranche One [Member] \| 2007 Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting rights (as percentage)		25.00%

Share-Based Compensation Plans - Fair Value of Share Option Award Based on Weighted-Average Assumptions (Detail)	12 Months Ended
	Jan. 03, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Risk-free interest rate	1.80%
Expected term	5 years 9 months 18 days
Expected volatility	57.00%
Expected dividend yield	2.80%

Share-Based Compensation Plans - Summary of Share Option Awards (Detail)	12 Months Ended
	Dec. 31, 2017 USD ($) $ / shares shares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Shares, Outstanding at January 1, 2017 \| shares	224,379
Shares, Exercised \| shares	(11,086)
Shares, Forfeited or Expired \| shares	(69,000)
Shares, Outstanding at December 31, 2017 \| shares	144,293
Shares, Exercisable at December 31, 2017 \| shares	130,543
Shares, Vested and Expected to Vest at December 31, 2017 \| shares	144,256
Weighted-Average Exercise Price, Outstanding at January 1, 2017 \| $ / shares	$ 14.13
Weighted-Average Exercise Price, Exercised \| $ / shares	6.07
Weighted-Average Exercise Price, Forfeited or Expired \| $ / shares	23.82
Weighted-Average Exercise Price, Outstanding at December 31, 2017 \| $ / shares	10.11
Weighted-Average Exercise Price, Exercisable at December 31, 2017 \| $ / shares	9.74
Weighted-Average Exercise Price, Vested and Expected to Vest at December 31, 2017 \| $ / shares	$ 10.11
Weighted-Average Remaining Contractual Life (In Years), Outstanding at December 31, 2017	3 years
Weighted-Average Remaining Contractual Life (In Years), Exercisable at December 31, 2017	2 years 6 months 21 days
Weighted-Average Remaining Contractual Life (In Years), Vested and Expected to Vest at December 31, 2017	3 years
Aggregate Intrinsic Value, Outstanding at December 31, 2017 \| $	$ 159,083
Aggregate Intrinsic Value, Exercisable at December 31, 2017 \| $	159,083
Aggregate Intrinsic Value, Vested and Expected to Vest at December 31, 2017 \| $	$ 159,083

Share-Based Compensation Plans - Summary of Nonvested Share Awards Activity (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Nonvested Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested shares/share units, beginning balance	355,130
Granted, shares/share units	191,000
Vested, shares/share units	(137,135)
Forfeited, shares/share units	(31,960)
Nonvested shares/share units, ending balance	377,035	355,130
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted-Average Grant-Date Fair Value, Beginning Balance	$ 12.86
Weighted-Average Grant-Date Fair Value, Granted	14.88	$ 11.35	$ 13.06
Weighted-Average Grant-Date Fair Value, Vested	13.46
Weighted-Average Grant-Date Fair Value, Forfeited	13.51
Weighted-Average Grant-Date Fair Value, Ending Balance	$ 13.61	$ 12.86
Nonvested Share Unit Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested shares/share units, beginning balance	27,750
Granted, shares/share units	21,000
Vested, shares/share units	(25,500)
Nonvested shares/share units, ending balance	23,250	27,750
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted-Average Grant-Date Fair Value, Beginning Balance	$ 9.55
Weighted-Average Grant-Date Fair Value, Granted	13.90	$ 8.87	$ 14.67
Weighted-Average Grant-Date Fair Value, Vested	10.15
Weighted-Average Grant-Date Fair Value, Ending Balance	$ 12.82	$ 9.55

Selected Quarterly Financial Data - Schedule of Quarterly Financial Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Oct. 01, 2017	Jul. 02, 2017	Apr. 02, 2017	Jan. 01, 2017	Oct. 02, 2016	Jul. 03, 2016	Apr. 03, 2016	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 242,889	$ 270,471	$ 243,671	$ 252,604	$ 266,283	$ 279,015	$ 241,409	$ 234,528	$ 1,009,635	$ 1,021,235	$ 1,029,098
Gross profit	72,854	87,548	79,308	83,622	87,347	89,889	76,257	70,965	323,332	324,458	324,964
Net income (loss)	$ (12,950)	$ 5,950	$ 2,778	$ 5,326	$ 7,694	$ 8,187	$ 2,124	$ (1,119)	$ 1,104	$ 16,886	$ 15,297
Basic earnings per share	$ (0.62)	$ 0.28	$ 0.13	$ 0.25	$ 0.36	$ 0.38	$ 0.10	$ (0.05)	$ 0.05	$ 0.78	$ 0.70
Diluted earnings per share	$ (0.62)	$ 0.28	$ 0.13	$ 0.24	$ 0.35	$ 0.38	$ 0.10	$ (0.05)	$ 0.05	$ 0.77	$ 0.70

Selected Quarterly Financial Data - Schedule of Quarterly Financial Information (Parenthetical) (Detail) - USD ($)	3 Months Ended					12 Months Ended
	Dec. 31, 2017	Jan. 01, 2017	Oct. 02, 2016	Jul. 03, 2016	Apr. 03, 2016	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Quarterly Financial Information [Line Items]
Revaluation of net deferred tax assets	$ 5,500,000
Pre-tax non-cash impairment charge	600,000					$ 602,000	$ 0	$ 192,000
Non-cash goodwill impairment charge	4,400,000					4,433,000	$ 0	$ 0
Write-offs (benefits) related to share based compensation		$ (400,000)		$ 200,000	$ 700,000
Pretax charges of store closing costs			$ 1,100,000	$ 100,000
California Enterprise Zone Tax Credits [Member]
Quarterly Financial Information [Line Items]
Provision for incomes taxes, excluding federal income tax benefit	$ 600,000					$ 900,000
Net deferred tax asset related to enactment of tax cuts and jobs act [Member]
Quarterly Financial Information [Line Items]
Increase (decrease) in net income (loss) per share	$ (0.26)
Valuation allowance related to unused California Enterprise Zone Tax Credits [Member]
Quarterly Financial Information [Line Items]
Increase (decrease) in net income (loss) per share						$ (0.03)
Impairment charge [Member]
Quarterly Financial Information [Line Items]
Increase (decrease) in net income (loss) per share	$ (0.02)
Increase (decrease) in net income (loss)	$ (400,000)
Goodwill Impairment [Member]
Quarterly Financial Information [Line Items]
Increase (decrease) in net income (loss) per share	$ (0.21)
Share based compensation [Member]
Quarterly Financial Information [Line Items]
Increase (decrease) in net income (loss) per diluted share		$ (0.02)		$ 0.01	$ 0.03
Store closing costs [Member]
Quarterly Financial Information [Line Items]
Increase (decrease) in net income (loss)			$ (700,000)	$ (60,000)
Increase (decrease) in net income (loss) per diluted share			$ (0.03)	$ 0.00

Subsequent Event - Additional Information (Detail) - Scenario Forecast [Member]	3 Months Ended
	Apr. 01, 2018 $ / shares
Subsequent Event [Line Items]
Dividend per share	$ 0.15
Dividend declared per share, payable date	Mar. 23, 2018
Dividend declared per share, record date	Mar. 09, 2018

Schedule II - Valuation and Qualifying Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Allowance for doubtful receivables [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	$ 42	$ 61	$ 110
Charged to Costs and Expenses	60	28	50
Deductions	(23)	(47)	(99)
Balance at End of Period	79	42	61
Allowance for sales returns [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	1,334	1,325	1,320
Charged to Costs and Expenses	(278)	9	5
Balance at End of Period	1,056	1,334	1,325
Inventory reserves [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	5,680	6,254	5,349
Charged to Costs and Expenses	4,819	4,553	6,556
Deductions	(4,649)	(5,127)	(5,651)
Balance at End of Period	$ 5,850	$ 5,680	$ 6,254