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Income Taxes (Tables)

12 Months Ended

Dec. 25, 2021

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 25, 2021				December 26, 2020				December 28, 2019
U.S. federal:
Current		$	(13,096	)		$	(25,220	)		$	32,874
Deferred			(42,625	)			(7,115	)			20,388
		$	(55,721	)		$	(32,335	)		$	53,262
U.S. state:
Current		$	(5,876	)		$	(3,931	)		$	12,605
Deferred			(8,132	)			2,715				831
		$	(14,008	)		$	(1,216	)		$	13,436
Foreign:
Current		$	149,012			$	133,622			$	77,594
Deferred			45,313				11,015				(109,556	)
		$	194,325			$	144,637			$	(31,962	)
Total		$	124,596			$	111,086			$	34,736

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 25, 2021				December 26, 2020				December 28, 2019
Federal income tax expense at U.S. statutory rate		$	253,429			$	231,718			$	207,317
State income tax (benefit) expense, net of federal tax effect			(12,198	)			(3,404	)			7,827
Foreign-derived intangible income (FDII) deduction			—				—				(4,966	)
Foreign tax rate differential			(117,586	)			(98,130	)			(57,302	)
Other foreign taxes less incentives and credits			29,240				3,446				6,360
Withholding tax			22,992				17,026				32,162
Net change in uncertain tax positions			(17,087	)			(21,391	)			(17,259	)
U.S. federal research and development credit			(22,764	)			(21,342	)			(19,338	)
Share-based compensation			(6,362	)			(6,114	)			(6,169	)
Switzerland tax reform - tax assets			(177	)			11,016				(117,989	)
Other, net			(4,891	)			(1,739	)			4,093
Income tax expense (benefit)		$	124,596			$	111,086			$	34,736

Schedule of Deferred Tax Assets and Liabilities

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

		December 25, 2021				December 26, 2020
Deferred tax assets:
Product warranty accruals		$	10,578			$	10,500
Allowance for doubtful accounts			3,779				4,874
Inventory			—				7,211
Sales program allowances			1,187				1,289
Reserve for sales returns			1,745				2,196
Accrued vacation			14,073				11,438
Other accruals			7,379				10,587
Share-based compensation			12,000				10,201
Tax credit carryforwards			24,508				18,523
Intangible assets			227,295				212,695
Net operating losses			9,069				5,566
Benefit related to uncertain tax positions			3,880				5,239
Operating leases			13,685				15,578
Deferred revenue			20,970				26,199
Other			6,571				1,883
Valuation allowance related to loss carryforward and tax credits			(19,709	)			(10,853	)
		$	337,010			$	333,126
Deferred tax liabilities:
Fixed assets			27,970				37,359
Operating leases			13,322				15,343
Prepaid and perpetual license assets			17,350				22,166
Inventory			4,893				—
Other prepaid expenses			71				2,564
Capitalized preproduction design and development costs			8,384				8,408
Book basis in excess of tax basis for acquired entities			32,907				33,154
Withholding tax			89,285				83,329
Other			218				2,192
		$	194,400			$	204,515
Net deferred tax assets		$	142,610			$	128,611

Schedule of Gross Unrecognized Tax Benefits

The total amount of gross unrecognized tax benefits, as of December 25, 2021 was $65,216. A reconciliation of the beginning and ending amount of gross unrecognized tax benefits for years ended December 25, 2021, December 26, 2020, and December 28, 2019 is as follows:

		December 25, 2021				December 26, 2020				December 28, 2019
Balance beginning of year		$	84,985			$	101,251			$	118,287
Additions based on tax positions related to prior years			—				10,480				398
Reductions based on tax positions related to prior years			(4,727	)			(4,169	)			(6,556	)
Additions based on tax positions related to current period			4,272				16,859				13,806
Reductions related to settlements with tax authorities			—				(935	)			(218	)
Expiration of statute of limitations			(19,314	)			(38,501	)			(24,466	)
Balance at end of year		$	65,216			$	84,985			$	101,251

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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 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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