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Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

U.S. and foreign income from operations before income taxes are as follows (in thousands):

	December 31, 2016				January 2, 2016				January 3, 2015
United States	$	48,869			$	50,473			$	58,972
Foreign	73,670				48,307				22,480
Income from operations before income taxes	$	122,539			$	98,780			$	81,452

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense attributable to income from continuing operations before income taxes consists of the following (in thousands):

	December 31, 2016				January 2, 2016				January 3, 2015
Current:
Federal	$	65			$	(21,775	)		$	1,134
State	(332		)		411				(884		)
Foreign	27,992				29,871				24,770
Total current	27,725				8,507				25,020
Deferred:
Federal	(8,056		)		13,057				886
State	(649		)		(1,521		)		1,235
Foreign	(3,705		)		(6,542		)		(14,000		)
Total deferred	(12,410		)		4,994				(11,879		)
	$	15,315			$	13,501			$	13,141

A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows (in thousands):

	December 31, 2016				January 2, 2016
Balance at beginning of Year	$	5,604			$	8,130
Change in tax positions related to prior years	99				(1,953		)
Expiration of the Statute of Limitations	(1,036		)		(573		)
Balance at end of year	$	4,667			$	5,604

Schedule of Effective Income Tax Rate Reconciliation

Income tax expense for the years ended December 31, 2016, January 2, 2016 and January 3, 2015, differed from the amount computed by applying the statutory U.S. federal income tax rate to income from continuing operations before income taxes as a result of the following (in thousands):

	December 31, 2016				January 2, 2016				January 3, 2015
Computed "expected" tax expense	$	42,888			$	34,573			$	28,508
Change in valuation allowance	1,039				4,421				5,420
Deferred tax on unremitted foreign earnings	2,546				4,848				1,956
Sub-Part F income	6,159				4,923				3,786
Foreign rate differential	(9,982		)		(5,653		)		(9,754		)
Biofuel tax incentives	(28,435		)		(28,143		)		(22,546		)
Non-deductible transaction costs	—				—				4,107
Other, net	1,100				(1,468		)		1,664
	$	15,315			$	13,501			$	13,141

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2016 and January 2, 2016 are presented below (in thousands):

	December 31, 2016				January 2, 2016
Deferred tax assets:
Loss contingency reserves	$	11,998			$	11,961
Employee benefits	9,586				9,383
Pension liability	18,200				17,714
Intangible assets amortization, including taxable goodwill	2,317				2,947
Net operating losses	119,602				99,534
Inventory	8,523				7,934
Other	13,583				16,621
Total gross deferred tax assets	183,809				166,094
Less valuation allowance	(20,150		)		(22,209		)
Net deferred tax assets	163,659				143,885
Deferred tax liabilities:
Intangible assets amortization, including taxable goodwill	(189,233		)		(182,748		)
Property, plant and equipment depreciation	(207,729		)		(209,925		)
Investment in DGD Joint Venture	(47,607		)		(46,239		)
Tax on unremitted foreign earnings	(49,196		)		(48,106		)
Other	(1,038		)		(1,196		)
Total gross deferred tax liabilities	(494,803		)		(488,214		)
Net deferred tax liability	$	(331,144	)		$	(344,329	)
Amounts reported on Consolidated Balance Sheets:
Non-current deferred tax asset	$	14,990			$	16,352
Non-current deferred tax liability	(346,134		)		(360,681		)
Net deferred tax liability	$	(331,144	)		$	(344,329	)

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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://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319

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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://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
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