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Income Taxes (Tables) | 12 Months Ended
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Dec. 28, 2019
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | Federal, state and foreign income tax expense (benefit) consists of the following:
(in thousands) | 2019 |  | 2018 |  | 2017
Current: |  |  |  |  |
Federal | $ | (3,495 | ) |  | $ | (3,193 | ) |  | $ | 34,060 |
State | 834 |  |  | 119 |  |  | 450 |
Foreign | 30,610 |  |  | 48,130 |  |  | 32,945 |
Subtotal | 27,949 |  |  | 45,056 |  |  | 67,455 |
Deferred: |  |  |  |  |
Federal and State | 1,839 |  |  | (3,896 | ) |  | 16,562 |
Foreign | (2,986 | ) |  | (783 | ) |  | 501 |
Subtotal | (1,147 | ) |  | (4,679 | ) |  | 17,063 |
Provision for income taxes | $ | 26,802 |  |  | $ | 40,377 |  |  | $ | 84,518 |
Domestic and foreign income (loss) before income taxes is as follows:
(in thousands) | 2019 |  | 2018 |  | 2017
Domestic | $ | (11,970 | ) |  | $ | (49,995 | ) |  | $ | (20,496 | )
Foreign | 177,854 |  |  | 254,937 |  |  | 224,533 |
Income before income taxes | $ | 165,884 |  |  | $ | 204,942 |  |  | $ | 204,037 |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation between income taxes computed on income before income taxes at the federal statutory rate and the provision for income taxes is provided below:
(in thousands) | 2019 |  | 2018 |  | 2017
Tax expense at statutory rate of 21% (35% for 2017) | $ | 34,836 |  |  | $ | 43,038 |  |  | $ | 71,413 |
Non-U.S. income tax rate differential | (22,457 | ) |  | (20,472 | ) |  | (47,077 | )
Non-U.S. losses and expenses with no tax benefit | 6,570 |  |  | 3,107 |  |  | — |
Net impact associated with the GILTI tax provisions | 6,469 |  |  | 5,075 |  |  | — |
Tax on unremitted earnings | 2,136 |  |  | 4,660 |  |  | 12,202 |
Certain changes in unrecognized tax benefits and related accrued interest | (1,468 | ) |  | 208 |  |  | 914 |
State and local taxes, net of federal tax benefit | 1,080 |  |  | (1,238 | ) |  | 292 |
Nondeductible professional fees | 195 |  |  | 1,001 |  |  | 1,240 |
2017 Toll Charge (and 2018 adjustment) | — |  |  | 2,278 |  |  | 49,000 |
Provisional Tax Act impact other than Toll Charge (and 2018 adjustment) | — |  |  | 966 |  |  | (1,962 | )
Other, net | (559 | ) |  | 1,754 |  |  | (1,504 | )
Provision for income taxes | $ | 26,802 |  |  | $ | 40,377 |  |  | $ | 84,518 |
Schedule of Deferred Tax Assets and Liabilities | Significant components of the company’s deferred tax assets and liabilities at December 28, 2019 and December 29, 2018, are as follows:
(in thousands) | 2019 |  | 2018
Deferred tax assets: |  |  |
Accrued expenses and reserves | $ | 28,294 |  |  | $ | 34,113 |
Domestic and non-U.S. net operating loss carryforwards | 10,511 |  |  | 8,613 |
Non-U.S. interest expense carryforwards | 5,324 |  |  | 885 |
U.S. research credit carryforwards | 2,581 |  |  | 1,245 |
Capitalized expenses | 2,400 |  |  | — |
U.S. foreign tax credit carryforwards | 1,320 |  |  | 1,506 |
Other | 1,261 |  |  | 1,000 |
Gross deferred tax assets | 51,691 |  |  | 47,362 |
Less: Valuation allowance | (5,957 | ) |  | (4,794 | )
Total deferred tax assets | 45,734 |  |  | 42,568 |
Deferred tax liabilities: |  |  |
Excess of book basis over the tax basis of assets | 74,460 |  |  | 74,410 |
Tax on unremitted earnings | 12,968 |  |  | 12,681 |
Total deferred tax liabilities | 87,428 |  |  | 87,091 |
Net deferred tax liabilities | $ | 41,694 |  |  | $ | 44,523 |
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the beginning and ending amount of unrecognized tax benefits as of December 28, 2019, December 29, 2018, and December 30, 2017 is as follows:
(in thousands) | Unrecognized Tax Benefits
Balance at December 30, 2017 | $ | 7,660 |
Additions for tax positions taken in the current year | 2,929 |
Additions for tax positions related to the pre-acquisition periods of acquired subsidiaries | 9,394 |
Decreases due to a lapse in the statute of limitations | (1,257 | )
Other | (467 | )
Balance at December 29, 2018 | 18,259 |
Additions for tax positions taken in the current year | 1,305 |
Decreases due to a lapse in the statute of limitations | (2,758 | )
Other | (85 | )
Balance at December 28, 2019 | 16,721 |

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