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Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 28, 2013
Income Taxes |
Components of the provision (benefit) for income taxes | Significant components of the provision for income taxes are as follows (in thousands):
|  | Year Ended |
--- | --- | --- | ---
|  | December 28, 2013 |  | December 29, 2012 |  | December 31, 2011 |
Current: |  |  |  |  |  |  |  |  |  |
Domestic |  | $ | 4,796 |  | $ | 21,084 |  | $ | 14,468 |
International |  |  | 4,093 |  |  | (3,009 | ) |  | 2,845 |
Total Current |  |  | 8,889 |  |  | 18,075 |  |  | 17,313 |
Deferred: |  |  |  |  |  |  |  |  |  |
Domestic |  |  | 5,591 |  |  | 5,444 |  |  | (70 | )
International |  |  | (2,272 | ) |  | (719 | ) |  | (375 | )
Total Deferred |  |  | 3,319 |  |  | 4,725 |  |  | (445 | )
|  | $ | 12,208 |  | $ | 22,800 |  | $ | 16,868 |
Summary of effective income tax rate reconciliation |
|  | Year Ended |
--- | --- | --- | ---
|  | December 28, 2013 |  | December 29, 2012 |  | December 31, 2011 |
Federal statutory rate |  |  | 35.0 | % |  | 35.0 | % |  | 35.0 | %
Foreign tax rate benefit |  |  | (8.2 | ) |  | (11.8 | ) |  | (11.0 | )
Research and development tax credits |  |  | (14.6 | ) |  | (0.5 | ) |  | (8.5 | )
Release of prior year unrecognized tax benefits |  |  | — |  |  | (8.4 | ) |  | — |
Intercompany technology license |  |  | — |  |  | 11.8 |  |  | 10.4 |
Excess officer compensation |  |  | 1.9 |  |  | 1.0 |  |  | 3.2 |
Valuation allowance |  |  | 3.8 |  |  | — |  |  | — |
Nondeductible acquisition costs |  |  | 0.2 |  |  | 0.1 |  |  | 2.9 |
Other |  |  | 1.6 |  |  | (0.8 | ) |  | 0.2 |
|  |  | 19.7 | % |  | 26.4 | % |  | 32.2 | %
Schedule of components of income before income taxes | Income before income taxes included the following components (in thousands):
|  | Year Ended |
--- | --- | --- | ---
|  | December 28, 2013 |  | December 29, 2012 |  | December 31, 2011 |
Domestic |  | $ | 41,849 |  | $ | 80,494 |  | $ | 48,282 |
Foreign |  |  | 20,178 |  |  | 5,854 |  |  | 4,058 |
|  | $ | 62,027 |  | $ | 86,348 |  | $ | 52,340 |
Significant components of the Company's deferred taxes | Significant components of the Company's deferred taxes as of December 28, 2013 and December 29, 2012 are as follows (in thousands):
|  | December 28, 2013 |  | December 29, 2012 |
--- | --- | --- | --- | --- | ---
Deferred tax assets: |  |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 38,399 |  | $ | 35,847 |
Research and development tax credit carryforwards |  |  | 9,276 |  |  | 8,447 |
Stock-based compensation |  |  | 6,757 |  |  | 8,133 |
Capitalized research and development |  |  | 8,999 |  |  | 9,708 |
Deferred income on shipments to distributors |  |  | 5,733 |  |  | 3,933 |
Accrued liabilities and other |  |  | 8,302 |  |  | 7,503 |
|  |  | 77,466 |  |  | 73,571 |
Less: Valuation allowance |  |  | (3,775 | ) |  | (2,114 | )
|  |  | 73,691 |  |  | 71,457 |
Deferred tax liabilities: |  |  |  |  |  |  |
Acquired intangibles |  |  | 38,444 |  |  | 28,653 |
Depreciation and amortization |  |  | 2,022 |  |  | 1,076 |
Prepaid expenses and other |  |  | 1,889 |  |  | 1,447 |
|  |  | 42,355 |  |  | 31,176 |
Net deferred tax assets |  | $ | 31,336 |  | $ | 40,281 |
Schedule of changes in the unrecognized tax benefits | The following table reflects changes in the unrecognized tax benefits (in thousands):
|  | Year Ended |
--- | --- | --- | ---
|  | December 28, 2013 |  | December 29, 2012 |  | December 31, 2011 |
Beginning balance |  | $ | 4,364 |  | $ | 10,943 |  | $ | 10,789 |
Additions based on tax positions related to current year |  |  | 316 |  |  | 1,818 |  |  | 757 |
Additions based on tax positions related to prior years |  |  | 318 |  |  | — |  |  | — |
Reductions for tax positions related to prior years |  |  | — |  |  | (8,397 | ) |  | (603 | )
Ending balance |  | $ | 4,998 |  | $ | 4,364 |  | $ | 10,943 |

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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://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=6907707&loc=d3e32639-109319 + Details
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- Definition 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=6907707&loc=d3e32537-109319 + Details
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- Definition 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=6907707&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References 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)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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