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Note 12 - Income Taxes (Tables) | 12 Months Ended
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Dec. 30, 2023
Notes Tables |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] |
|  | Year Ended |
|  | December 30, |  |  | December 31, |  |  | January 1, |
(In thousands) |  | 2023 |  |  | 2022 |  |  | 2022 |
Domestic |  | $ | 55,069 |  |  | $ | 30,362 |  |  | $ | 24,003 |
Foreign |  |  | 159,787 |  |  |  | 151,750 |  |  |  | 73,623 |
Income before taxes |  | $ | 214,856 |  |  | $ | 182,112 |  |  | $ | 97,626 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
|  | Year Ended |
|  | December 30, |  |  | December 31, |  |  | January 1, |
(In thousands) |  | 2023 |  |  | 2022 |  |  | 2022 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 10,331 |  |  | $ | 748 |  |  | $ | 445 |
State |  |  | 1,059 |  |  |  | 265 |  |  |  | 45 |
Foreign |  |  | 3,019 |  |  |  | 3,637 |  |  |  | 1,538 |
|  |  | 14,409 |  |  |  | 4,650 |  |  |  | 2,028 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (56,323 | ) |  |  | — |  |  |  | — |
State |  |  | — |  |  |  | — |  |  |  | — |
Foreign |  |  | (2,291 | ) |  |  | (1,420 | ) |  |  | (324 | )
|  |  | (58,614 | ) |  |  | (1,420 | ) |  |  | (324 | )
Income tax (benefit) expense |  | $ | (44,205 | ) |  | $ | 3,230 |  |  | $ | 1,704 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|  | Year Ended
|  | December 30, |  | December 31, |  | January 1,
|  | 2023 |  | 2022 |  | 2022
|  | % |  | % |  | %
Statutory federal rate |  | 21 |  | 21 |  | 21
Adjustments for tax effects of: |  |  |  |  |  |
State taxes, net |  | (1) |  | (2) |  | (4)
Federal tax credits |  | (4) |  | (1) |  | (3)
Excess tax benefit from stock-based compensation |  | (2) |  | — |  | (8)
Foreign rate differential |  | (15) |  | (16) |  | (14)
U.S. tax on foreign operations |  | 9 |  | 33 |  | 3
Capital loss expiration |  | — |  | 1 |  | 3
Valuation allowance |  | (29) |  | (33) |  | 8
Change in uncertain tax benefit accrual |  | — |  | (2) |  | (5)
Other |  | — |  | 1 |  | 1
Effective income tax rate |  | (21) |  | 2 |  | 2
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
(In thousands) |  | December 30, 2023 |  |  | December 31, 2022 |
Deferred tax assets: |  |  |  |  |  |  |  |
Intangible assets |  | $ | 4,274 |  |  | $ | 6,264 |
Net operating loss carry forwards |  |  | 13,829 |  |  |  | 15,362 |
Tax credit carry forwards |  |  | 87,955 |  |  |  | 103,092 |
Accrued liabilities and reserves |  |  | 23,249 |  |  |  | 12,932 |
Stock-based and deferred compensation |  |  | 5,199 |  |  |  | 3,769 |
Other |  |  | 5,162 |  |  |  | 5,031 |
Total deferred tax assets |  |  | 139,668 |  |  |  | 146,450 |
Less: valuation allowance |  |  | (79,100 | ) |  |  | (140,533 | )
Net deferred tax assets |  |  | 60,568 |  |  |  | 5,917 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Fixed assets |  |  | 1,475 |  |  |  | 2,058 |
Unremitted earnings |  |  | 620 |  |  |  | 2,498 |
Other |  |  | 6,889 |  |  |  | 8,134 |
Total deferred tax liabilities |  |  | 8,984 |  |  |  | 12,690 |
Net deferred taxes |  | $ | 51,584 |  |  | $ | (6,773 | )
Reported as: |  |  |  |  |  |  |  |
Deferred tax assets |  | $ | 57,762 |  |  | $ | 1,022 |
Deferred tax liabilities (included in Other long-term liabilities) |  |  | (6,178 | ) |  |  | (7,795 | )
Net deferred taxes |  | $ | 51,584 |  |  | $ | (6,773 | )
Summary of Valuation Allowance [Table Text Block] |
Fiscal Years Ended |  | Balance at beginning |  |  | Charged (Credit) to costs and |  |  | Charged (credit) to other |  |  | Balance at end of |
(In thousands) |  | of period |  |  | expenses |  |  | accounts |  |  | period |
December 30, 2023 |  | $ | 140,533 |  |  | $ | (61,433 | ) |  | $ | — |  |  | $ | 79,100 |
December 31, 2022 |  | $ | 200,438 |  |  | $ | (59,905 | ) |  | $ | — |  |  | $ | 140,533 |
January 1, 2022 |  | $ | 192,478 |  |  | $ | 7,960 |  |  | $ | — |  |  | $ | 200,438 |
Schedule of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns Roll Forward [Table Text Block] |
|  | (In thousands) |
Balance at January 2, 2021 |  | $ | 55,737 |
Additions based on tax positions related to the current year |  |  | 1,156 |
Additions based on tax positions of prior years |  |  | 1,130 |
Additions due to acquisition |  |  | 977 |
Settlements |  |  | (51 | )
Reduction as a result of lapse of applicable statute of limitations |  |  | (2,718 | )
Balance at January 1, 2022 |  |  | 56,231 |
Additions based on tax positions related to the current year |  |  | 1,594 |
Additions based on tax positions of prior years |  |  | 2,798 |
Settlements |  |  | (148 | )
Reduction as a result of lapse of applicable statute of limitations |  |  | (1,586 | )
Balance at December 31, 2022 |  |  | 58,889 |
Additions based on tax positions related to the current year |  |  | 2,247 |
Additions based on tax positions of prior years |  |  | 1,128 |
Reductions for tax positions of prior years |  |  | (156 | )
Reduction as a result of lapse of applicable statute of limitations |  |  | (696 | )
Balance at December 30, 2023 |  | $ | 61,412 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
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