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Income Taxes (Tables) | 12 Months Ended
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Dec. 30, 2017
Income Tax Disclosure [Abstract] |
Components of income before income taxes | The components of income before income taxes were taxed under the following jurisdictions:
(In thousands) |  | 2017 |  | 2016 |  | 2015
Domestic |  | $ | 76,876 |  |  | $ | 103,576 |  |  | $ | 121,614 |
Foreign |  | 50,096 |  |  | 42,454 |  |  | 10,175 |
Income before income taxes |  | $ | 126,972 |  |  | $ | 146,030 |  |  | $ | 131,789 |
Components of income tax expense | Income tax expense consists of the following:
(In thousands) |  | 2017 |  | 2016 |  | 2015
Current tax expense: |  |  |  |  |  |
Federal |  | $ | 28,584 |  |  | $ | 32,262 |  |  | $ | 50,272 |
Foreign |  | 10,219 |  |  | 5,667 |  |  | 4,042 |
State and local |  | 2,241 |  |  | 3,210 |  |  | 4,886 |
Current tax expense |  | 41,044 |  |  | 41,139 |  |  | 59,200 |
Deferred tax (benefit) expense: |  |  |  |  |  |  |  |  |
Federal |  | (1,764 | ) |  | 2,004 |  |  | (13,739 | )
Foreign |  | 1,118 |  |  | 5,099 |  |  | (1,180 | )
State and local |  | (2,514 | ) |  | (105 | ) |  | (899 | )
Deferred tax (benefit) expense |  | (3,160 | ) |  | 6,998 |  |  | (15,818 | )
Income tax expense |  | $ | 37,884 |  |  | $ | 48,137 |  |  | $ | 43,382 |
Income tax reconciliation | The difference between the reported income tax expense and a tax determined by applying the applicable U.S. federal statutory income tax rate to income before income taxes is reconciled as follows:
(In thousands) |  | 2017 |  | 2016 |  | 2015
Expected income tax expense |  | $ | 44,440 |  |  | $ | 51,110 |  |  | $ | 46,126 |
State and local income tax, net of federal benefit |  | 1,135 |  |  | 1,982 |  |  | 2,673 |
Effect of foreign statutory rate different from U.S. and other foreign adjustments |  | (6,026 | ) |  | (4,092 | ) |  | (654 | )
U.S. production activities deduction |  | (1,575 | ) |  | (3,063 | ) |  | (3,500 | )
Goodwill disposition |  | — |  |  | — |  |  | 646 |
Investment in unconsolidated affiliates |  | 216 |  |  | 1,030 |  |  | — |
Permanent adjustment to deferred tax liabilities |  | — |  |  | — |  |  | (4,218 | )
Benefit of stock-based compensation deductions |  | (2,160 | ) |  | (656 | ) |  | — |
Effect of tax on accumulated foreign earnings |  | 12,893 |  |  | — |  |  | — |
Effect of tax rate change on net deferred tax liability balance |  | (12,067 | ) |  | — |  |  | — |
Other, net |  | 1,028 |  |  | 1,826 |  |  | 2,309 |
Income tax expense |  | $ | 37,884 |  |  | $ | 48,137 |  |  | $ | 43,382 |
Components of deferred tax assets and liabilities | The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below:
(In thousands) |  | 2017 |  | 2016
Deferred tax assets: |  |  |  |
Inventories |  | $ | 10,598 |  |  | $ | 15,483 |
Other postretirement benefits and accrued items |  | 9,239 |  |  | 13,180 |
Other reserves |  | 9,029 |  |  | 9,821 |
Federal and foreign tax attributes |  | 11,936 |  |  | 5,813 |
State tax attributes, net of federal benefit |  | 29,720 |  |  | 22,572 |
Stock-based compensation |  | 2,102 |  |  | 2,416 |
Basis difference in unconsolidated affiliates |  | — |  |  | 211 |
Total deferred tax assets |  | 72,624 |  |  | 69,496 |
Less valuation allowance |  | (30,316 | ) |  | (18,681 | )
Deferred tax assets, net of valuation allowance |  | 42,308 |  |  | 50,815 |
Deferred tax liabilities: |  |  |  |  |  |
Property, plant, and equipment |  | 43,972 |  |  | 52,319 |
Pension |  | 3,841 |  |  | 4,633 |
Basis difference in unconsolidated affiliates |  | 203 |  |  | — |
Total deferred tax liabilities |  | 48,016 |  |  | 56,952 |
Net deferred tax liabilities |  | $ | (5,708 | ) |  | $ | (6,137 | )

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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319 + Details
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