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Income Taxes (Tables)

12 Months Ended

Dec. 26, 2020

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision (Benefit)

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

		Fiscal Year Ended
		December 26, 2020				December 28, 2019				December 29, 2018
Federal:
Current		$	(25,220	)		$	32,874			$	26,784
Deferred			(7,115	)			20,388				13,249
		$	(32,335	)		$	53,262			$	40,033
State:
Current		$	(3,931	)		$	12,605			$	13,015
Deferred			2,715				831				(1,599	)
		$	(1,216	)		$	13,436			$	11,416
Foreign:
Current		$	133,622			$	77,594			$	53,625
Deferred			11,015				(109,556	)			24,093
		$	144,637			$	(31,962	)		$	77,718
Total		$	111,086			$	34,736			$	129,167

Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount

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

		Fiscal Year Ended
		December 26, 2020				December 28, 2019				December 29, 2018
Federal income tax expense at U.S. statutory rate		$	231,718			$	207,317			$	172,882
State income tax (benefit) expense, net of federal tax effect			(3,404	)			7,827				5,339
Foreign-Derived Intangible Income Deduction			—				(4,966	)			(4,666	)
Foreign tax rate differential			(98,130	)			(57,302	)			(38,563	)
Other foreign taxes less incentives and credits			3,446				6,360				(12,841	)
Withholding Tax			17,026				32,162				33,306
Net Change in Uncertain Tax Positions			(21,391	)			(17,259	)			(13,728	)
Federal Research and Development Credit			(21,342	)			(19,338	)			(16,562	)
Share Based Compensation			(6,114	)			(6,169	)			(2,747	)
Switzerland Tax Reform			11,016				(117,989	)			—
Other, net			(1,739	)			4,093				6,747
Income tax expense (benefit)		$	111,086			$	34,736			$	129,167

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities are as follows:

		December 26, 2020				December 28, 2019
Deferred tax assets:
Product warranty accruals		$	10,500			$	2,652
Allowance for doubtful accounts			4,874				3,981
Inventory reserves			7,211				7,187
Sales program allowances			1,289				1,185
Reserve for sales returns			2,196				1,732
Accrued vacation			11,438				9,079
Other accruals			10,587				4,320
Share based compensation			10,201				7,501
Tax credit carryforwards			18,523				11,164
Intangible assets			212,695				250,313
Net operating losses			5,566				1,981
Benefit related to uncertain tax positions			5,239				6,095
Operating leases			15,578				12,711
Deferred revenue			26,199				—
Other			1,883				1,755
Valuation allowance related to loss carryforward and tax credits			(10,853	)			(4,562	)
		$	333,126			$	317,094
Deferred tax liabilities:
Fixed assets			37,359				33,754
Operating leases			15,343				12,473
Prepaid and perpetual license assets			22,166				—
Other prepaid expenses			2,564				1,849
Capitalized preproduction design and development costs			8,408				—
Book basis in excess of tax basis for acquired entities			33,154				22,488
Withholding tax			83,329				91,966
Deferred revenue			—				800
Other			2,192				—
		$	204,515			$	163,330
Net deferred tax assets		$	128,611			$	153,764

Schedule of Gross Unrecognized Tax Benefits

The total amount of gross unrecognized tax benefits, as of December 26, 2020 was $84,985. A reconciliation of the beginning and ending amount of gross unrecognized tax benefits for years ended December 26, 2020, December 28, 2019, and December 29, 2018 is as follows:

		December 26, 2020				December 28, 2019				December 29, 2018
Balance beginning of year		$	101,251			$	118,287			$	130,798
Additions based on tax positions related to prior years			10,480				398				1,138
Reductions based on tax positions related to prior years			(4,169	)			(6,556	)			(5,340	)
Additions based on tax positions related to current period			16,859				13,806				19,368
Reductions related to settlements with tax authorities			(935	)			(218	)			(527	)
Expiration of statute of limitations			(38,501	)			(24,466	)			(27,150	)
Balance at end of year		$	84,985			$	101,251			$	118,287

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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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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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