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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 29, 2018
Income Tax Disclosure [Abstract] |
Schedule of income tax expense (benefit) | In fiscal 2017, the Company estimated and recognized approximately $41,935 of tax expense for the 2017 Tax Act. The SEC staff issued SAB 118, which provided guidance on accounting for the tax effects of the 2017 Tax Act. The Company's accounting for the following element of the 2017 Tax Act was finalized as of December 30, 2017: Reduction of U.S. federal corporate tax rate: The 2017 Tax Act reduces the corporate tax rate to 21 percent, effective January 1, 2018. Consequently, we have recorded a decrease related to deferred taxes of $20,372, with a corresponding net adjustment to deferred income tax expense for the year ended December 30, 2017. (10) INCOME TAXES (Continued) The Company's accounting for the following elements of the 2017 Tax Act were provisional estimates at December 30, 2017, and were finalized as of December 29, 2018 as follows: Deemed Repatriation transition tax: The Deemed Repatriation transition tax (“Transition Tax”) is a tax on unremitted foreign earnings of certain foreign subsidiaries, which subjected the Company's unremitted foreign earnings of approximately $394,000 to tax at certain specified rates less associated foreign tax credits. The Company recorded a Transition Tax obligation of $9,890 during fiscal 2017 and reduced this expense by $550 in 2018 upon finalization. Indefinite reinvestment assertion: The Company position remains that unremitted foreign earnings subject to the Transition Tax are not indefinitely reinvested. The Company recorded foreign withholding taxes and U.S. state income taxes of $10,373 and $1,300. This expense was recorded in 2017 with a decrease of only $140 recognized in 2018 as it was finalized. In addition, the Company has taken the position that on non-U.S. subsidiaries, the 2018 unremitted foreign earnings are not indefinitely reinvested and it recorded additional foreign withholding taxes and U.S. state income taxes of $918 and $99, respectively during 2018. Income tax expense (benefit) consi
Schedule of reconciliation of statutory federal income tax rate and effective tax rate | inued) The reconciliations of the statutory federal income tax rate and the effective tax rate fo
Schedule of tax effects of significant items comprising net deferred income tax liabilities | ble. Deferred income taxes reflect the net tax effects of (a) temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes, and (b) operating loss and tax credit carryforwards. The tax effects of significant items comprising the Company’s net deferred income tax liabilities are as follows: (10) INCOME TAXES (Cont
Schedule of deferred income tax assets (liabilities) presented on the Consolidated Balance Sheets | ed)
| 2018 |  | 2017
Deferred income tax assets: |  |  |
Accrued expenses and allowances | $ | 4,354 |  |  | $ | 13,373 |
Accrued insurance | 644 |  |  | 818 |
Tax credits and loss carryforwards | 56,867 |  |  | 54,521 |
Defined benefit pension liability | 36,328 |  |  | 47,459 |
Inventory allowances | 4,384 |  |  | 3,433 |
Accrued warranty | 3,914 |  |  | 4,602 |
Deferred compensation | 28,706 |  |  | 29,421 |
Gross deferred income tax assets | 135,197 |  |  | 153,627 |
Valuation allowance | (33,228 | ) |  | (27,864 | )
Net deferred income tax assets | 101,969 |  |  | 125,763 |
Deferred income tax liabilities: |  |  |
Work in progress | 1,064 |  |  | 1,805 |
Property, plant and equipment | 25,477 |  |  | 26,826 |
Intangible assets | 44,850 |  |  | 39,613 |
Future repatriation of foreign earnings | 2,746 |  |  | 11,673 |
Other liabilities | 4,545 |  |  | 1,819 |
Total deferred income tax liabilities | 78,682 |  |  | 81,736 |
Net deferred income tax asset | $ | 23,287 |  |  | $ | 44,027 |
Deferred income tax assets (liabilities) are presented as follows on the Consolidated Balance
Schedule of activity related to unrecognized tax benefits | inued) The following summarizes the activity related to our unrecognized tax benefits in 2018 and 2017, in tho

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319 + Details
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