v2.4.0.8

Income Taxes (Tables)

12 Months Ended

Dec. 28, 2013

Income Tax Disclosure [Abstract]

Components of Income Before Provision for Income Taxes

The components of income before provision for income taxes are as follows (in thousands):

	Year ended December 28, 2013				Year ended December 29, 2012				Year ended December 31, 2011
United States	$	50,782			$	59,216			$	62,730
Foreign	24,944				24,605				23,801
Total	$	75,726			$	83,821			$	86,531

Current and Deferred Provision (Benefit) for Income Taxes

The following table presents the current and deferred provision (benefit) for income taxes (in thousands):

	Year ended December 28, 2013				Year ended December 29, 2012				Year ended December 31, 2011
Current:
Federal	$	24,488			$	26,332			$	23,951
State	2,426				2,411				621
Foreign	1,704				(54		)		1,123
	28,618				28,689				25,695
Deferred:
Federal	(7,281		)		(5,546		)		(2,415		)
State	(970		)		(1,458		)		(544		)
Foreign	(362		)		198				(258		)
	(8,613		)		(6,806		)		(3,217		)
Total	$	20,005			$	21,883			$	22,478

Deferred Tax Provision (Benefit)

Reconciliation of U.S. Federal Statutory Tax Rate to Company's Effective Tax Rate

The reconciliation of the U.S. federal statutory tax rate to the Company’s effective tax rate is as follows:

	Year ended December 28, 2013			Year ended December 29, 2012			Year ended December 31, 2011
Statutory regular federal income tax rate	35.0	%		35.0	%		35.0	%
State provision, net of federal benefit	1.3			0.7			0.1
Nondeductible items	0.9			1.0			0.6
Foreign tax rate differential	(9.8	)		(10.1	)		(8.6	)
Tax credits	(3.5	)		(0.5	)		(1.1	)
Change in federal valuation allowance	3.0			—			—
Other	(0.5	)		—			—
Total	26.4	%		26.1	%		26.0	%

Components of Deferred Tax Assets

The components of the deferred tax assets are as follows (in thousands):

	December 28, 2013				December 29, 2012
Deferred tax assets:
Tax credits	$	3,203			$	2,492
Deferred revenue	4,234				2,999
Acquired intangibles	507				587
Net operating losses	277				4,688
Accrued liabilities	17,036				9,713
Share-based compensation	19,385				17,660
Property and equipment	670				590
Other	2,149				1,473
Total	47,461				40,202
Valuation allowance	(3,563		)		(2,441		)
Total deferred tax assets	43,898				37,761
Deferred tax liabilities:
Property and equipment	—				(15		)
Acquired intangibles	—				(2,305		)
State taxes and other	(1,697		)		(1,452		)
Total deferred tax liabilities	(1,697		)		(3,772		)
Net deferred tax assets	$	42,201			$	33,989
Current net deferred tax asset	19,636				12,911
Long-term net deferred tax asset	22,565				21,078
Net deferred tax assets	$	42,201			$	33,989

Reconciliation of Total Amounts of Unrecognized Tax Benefits

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits (in thousands):

	Year ended December 28, 2013				Year ended December 29, 2012
Unrecognized tax benefits, beginning of period	$	6,685			$	8,366
Increase from tax positions in prior period	265				47
Increase from tax positions in current period	695				563
Settlements	(443		)		(1,725		)
Lapse of statute of limitations	(572		)		(566		)
Unrecognized tax benefits, end of period	$	6,630			$	6,685

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