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v3.22.2.2

Note 12 Income Tax (Tables) | 12 Months Ended
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Oct. 01, 2022
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] |
| Year Ended
| October 1, 2022 |  | October 2, 2021 |  | October 3, 2020
| (In thousands)
Domestic | $ | 163,979 |  |  | $ | 200,300 |  |  | $ | 96,993 |
Foreign | 156,649 |  |  | 106,705 |  |  | 103,765 |
Total | $ | 320,628 |  |  | $ | 307,005 |  |  | $ | 200,758 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
| Year Ended
| October 1, 2022 |  | October 2, 2021 |  | October 3, 2020
| (In thousands)
Federal: |  |  |  |  |
Current | $ | 1,070 |  |  | $ | 705 |  |  | $ | (917) |
Deferred | 29,222 |  |  | 34,157 |  |  | 9,460 |
State: |  |  |  |  |
Current | 2,060 |  |  | 4,241 |  |  | 1,705 |
Deferred | 3,081 |  |  | (302) |  |  | 2,579 |
Foreign: |  |  |  |  |
Current | 29,640 |  |  | (906) |  |  | 46,376 |
Deferred | (566) |  |  | 112 |  |  | 1,842 |
Total provision for income taxes | $ | 64,507 |  |  | $ | 38,007 |  |  | $ | 61,045 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
| As of
| October 1, 2022 |  | October 2, 2021
| (In thousands)
Deferred tax assets: |  |  |
U.S. net operating loss carryforwards | $ | 81,917 |  |  | $ | 127,243 |
Foreign net operating loss carryforwards | 109,416 |  |  | 112,516 |
Intangibles | 25,099 |  |  | 24,219 |
Accruals not currently deductible | 44,963 |  |  | 43,932 |
Property, plant and equipment | 27,514 |  |  | 25,494 |
Tax credit carryforwards | 18,465 |  |  | 17,250 |
Reserves not currently deductible | 14,939 |  |  | 11,534 |
Stock compensation expense | 6,365 |  |  | 7,677 |
Federal benefit of foreign operations | 21,312 |  |  | 18,336 |
Derivatives and other impacts of OCI | 838 |  |  | 7,637 |
Lease deferred tax asset | 15,018 |  |  | 11,563 |
Other | 1,915 |  |  | — |
Valuation allowance | (118,210) |  |  | (115,258) |
Total deferred tax assets | 249,551 |  |  | 292,143 |
Deferred tax liabilities on undistributed earnings | (14,775) |  |  | (14,775) |
Deferred tax liabilities on branch operations | (24,182) |  |  | (30,000) |
Revenue recognition | (1,572) |  |  | (1,702) |
Lease deferred tax liability | (14,808) |  |  | (11,349) |
Other | — |  |  | (2,495) |
Net deferred tax assets | $ | 194,214 |  |  | $ | 231,822 |
Recorded as: |  |  |
Deferred tax assets | $ | 198,588 |  |  | $ | 235,117 |
Deferred tax liabilities | (4,374) |  |  | (3,295) |
Net deferred tax assets | $ | 194,214 |  |  | $ | 231,822 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
| Year Ended
| October 1, 2022 |  | October 2, 2021 |  | October 3, 2020
Federal tax at statutory tax rate | 21.00 | % |  | 21.00 | % |  | 21.00 | %
Effect of foreign operations | 2.63 |  |  | 7.33 |  |  | 13.02 |
Permanent items | 0.07 |  |  | (1.86) |  |  | (0.59) |
Federal credits | (0.65) |  |  | (0.50) |  |  | (1.31) |
Other | 0.28 |  |  | (0.17) |  |  | (0.06) |
State income taxes, net of federal benefit | 1.74 |  |  | 1.01 |  |  | 1.96 |
Release of foreign tax reserves | (4.96) |  |  | (14.43) |  |  | (3.61) |
Effective tax rate | 20.11 | % |  | 12.38 | % |  | 30.41 | %
Summary of Income Tax Contingencies [Table Text Block] |
| Year Ended
| October 1, 2022 |  | October 2, 2021 |  | October 3, 2020
| (In thousands)
Balance, beginning of year | $ | 67,781 |  |  | $ | 74,612 |  |  | $ | 66,677 |
Increase (decrease) related to prior year tax positions | (4,456) |  |  | 6,063 |  |  | 1,327 |
Increase related to current year tax positions | 7,154 |  |  | 7,349 |  |  | 9,907 |
Settlements | (7,596) |  |  | — |  |  | — |
Decrease related to lapse of time and expiration of statutes of limitations | (9,331) |  |  | (20,243) |  |  | (3,299) |
Balance, end of year | $ | 53,552 |  |  | $ | 67,781 |  |  | $ | 74,612 |

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