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Income Taxes (Tables)

12 Months Ended

Dec. 30, 2017

Income Tax Disclosure [Abstract]

Schedule of income tax provision

The Company’s income tax provision (benefit) consists of the following:

		Fiscal Year Ended
		December 30,				December 31,				December 26,
		2017				2016				2015
Federal:
Current		$	31,343			$	66,627			$	49,138
Deferred			50,936				5,343				4,216
		$	82,279			$	71,970			$	53,354
State:
Current			4,203				8,809				9,354
Deferred			11,712				(3,823	)			(5,858	)
		$	15,915			$	4,986			$	3,496
Foreign:
Current			43,688				42,406				55,730
Deferred			(154,543	)			(506	)			(1,620	)
		$	(110,855	)		$	41,900			$	54,110
Total		$	(12,661	)		$	118,856			$	110,960

Schedule of sources and tax effects of the differences

The sources and tax effects of the differences, including the impact of establishing tax contingency accruals, are as follows:

		Fiscal Year Ended
		December 30,				December 31,				December 26,
		2017				2016				2015
Federal income tax expense at U.S. statutory rate		$	238,803			$	220,385			$	198,516
State income tax expense, net of federal tax effect			5,977				2,749				1,931
Foreign tax rate differential			(102,316	)			(111,989	)			(100,010	)
Other foreign taxes less incentives and credits			(4,646	)			(16,593	)			(8,592	)
Withholding Tax			14,632				17,447				16,969
Net Change in Uncertain Tax Positions			5,363				17,328				21,246
Federal Domestic Production Activities Deduction			(3,895	)			(5,528	)			(4,589	)
Federal Research and Development Credit			(10,851	)			(8,548	)			(8,573	)
Switzerland Corporate Tax Election			(180,034	)			-				-
Share Based Compensation			19,916				-				-
Other, net			4,390				3,605				(5,938	)
Income tax expense		$	(12,661	)		$	118,856			$	110,960

Schedule of deferred tax assets and liabilities

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities are as follows:

		December 30,				December 31,
		2017				2016
Deferred tax assets:
Product warranty accruals		$	2,202			$	2,768
Allowance for doubtful accounts			5,129				10,100
Inventory reserves			6,920				8,953
Sales program allowances			910				1,397
Reserve for sales returns			816				2,196
Other accruals			10,722				13,548
Share based compensation			6,261				29,632
Tax credit carryforwards			8,413				5,012
Amortization			165,162				15,368
Deferred Revenue			4,690				32,487
Net operating losses of subsidiaries			8,799				5,403
Benefit related to uncertain tax positions			5,383				7,542
Other			3,677				4,005
Valuation allowance related to loss carryforward and tax credits			(7,267	)			(4,622	)
		$	221,817			$	133,789
Deferred tax liabilities:
Depreciation			11,674				17,854
Prepaid Expenses			3,147				2,876
Book basis in excess of tax basis for acquired entities			17,364				3,865
Withholding tax			60,555				58,597
Other			4,950				1,523
			97,690				84,715
Net deferred tax assets		$	124,127			$	49,074

Schedule of unrecognized tax benefits

The total amount of gross unrecognized tax benefits as of December 30, 2017 was $130,798. A reconciliation of the beginning and ending amount of gross unrecognized tax benefits for years ended December 30, 2017, December 31, 2016, and December 26, 2015 is as follows:

		December 30,				December 31,				December 26,
		2017				2016				2015
Balance beginning of year		$	115,090			$	97,904			$	77,495
Additions based on tax positions related to prior years			8,564				489				89
Reductions based on tax positions related to prior years			(983	)			(940	)			(1,671	)
Additions based on tax positions related to current period			26,295				28,859				29,019
Reductions related to settlements with tax authorities			-				(134	)			(364	)
Expiration of statute of limitations			(18,168	)			(11,088	)			(6,664	)
Balance at end of year		$	130,798			$	115,090			$	97,904

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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-Publisher FASB
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of the change in unrecognized tax benefits.

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