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Income Taxes (Tables)

12 Months Ended

Dec. 29, 2018

Income Tax Disclosure [Abstract]

Components of Income from Continuing Operations Before Income Taxes

The components of income from continuing operations before provision for income taxes are as follows:

(In thousands)		December 29, 2018				December 30, 2017				December 31, 2016
Domestic		$	(397	)		$	2,797			$	6,196
Foreign		79,925				54,856				38,353
		$	79,528			$	57,653			$	44,549

Components of the Provision for Income Taxes from Continuing Operations

The components of the provision for income taxes from continuing operations are as follows:

(In thousands)		December 29, 2018				December 30, 2017				December 31, 2016
Current Provision:
Federal		$	724			$	7,835			$	535
Foreign		21,829				17,372				11,323
State		169				285				838
		22,722				25,492				12,696
Deferred (Benefit) Provision:
Federal		(2,551		)		4,682				1,738
Foreign		(1,761		)		(3,563		)		(1,818		)
State		72				(541		)		(533		)
		(4,240		)		578				(613		)
		$	18,482			$	26,070			$	12,083

Provision for Income Taxes by Continuing and Discontinued Operation

The provision for income taxes included in the accompanying consolidated statement of income is as follows:

(In thousands)		December 29, 2018				December 30, 2017				December 31, 2016
Continuing Operations		$	18,482			$	26,070			$	12,083
Discontinued Operation		—				—				2
		$	18,482			$	26,070			$	12,085

Income Tax Reconciliation

The provision for income taxes from continuing operations in the accompanying statement of income differs from the provision calculated by applying the statutory federal income tax rate to income from continuing operations before provision for income taxes due to the following:

(In thousands)		December 29, 2018				December 30, 2017				December 31, 2016
Provision for Income Taxes at Statutory Rate (21% in 2018 and 35% in 2017 and 2016)		$	16,701			$	20,179			$	15,592
Increases (Decreases) Resulting From:
State income taxes, net of federal tax		164				151				189
U.S. tax cost of foreign earnings		1,215				761				192
Foreign tax rate differential		3,158				(3,747		)		(3,921		)
(Reversal of) provision for tax benefit reserves, net		(1,785		)		1,517				(76		)
Change in valuation allowance		141				(341		)		(131		)
Nondeductible expenses		781				1,177				1,090
Research and development tax credits		(445		)		(297		)		(229		)
Excess tax benefit related to stock-based compensation		(967		)		(581		)		(553		)
Impact of the U.S. Tax Cuts and Jobs Act		(106		)		7,093				—
Other		(375		)		158				(70		)
		$	18,482			$	26,070			$	12,083

Net Deferred Tax (Liability) Asset

Net deferred tax liability in the accompanying consolidated balance sheet consists of the following:

(In thousands)		December 29, 2018				December 30, 2017
Deferred Tax Asset:
Foreign, state, and alternative minimum tax credit carryforwards		$	184			$	185
Reserves and accruals		3,555				4,455
Net operating loss carryforwards		12,785				15,161
Inventory basis difference		3,692				3,265
Research and development		—				88
Employee compensation		4,382				2,610
Allowance for doubtful accounts		482				505
Other		294				59
Deferred tax asset, gross		25,374				26,328
Less: valuation allowance		(9,946		)		(10,835		)
Deferred tax asset, net		15,428				15,493
Deferred Tax Liability:
Goodwill and intangible assets		(28,060		)		(32,120		)
Fixed asset basis difference		(3,565		)		(4,213		)
Provision for unremitted foreign earnings		(1,124		)		(2,718		)
Research and development		(54		)		—
Other		(619		)		(554		)
Deferred tax liability		(33,422		)		(39,605		)
Net deferred tax liability		$	(17,994	)		$	(24,112	)

Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits at year-end 2018 and year-end 2017 is as follows:

(In thousands)		December 29, 2018				December 30, 2017
Unrecognized Tax Benefits, Beginning of Year		$	7,843			$	5,467
Gross Increases—Tax Positions in Prior Periods		1,019				4
Gross Decreases—Tax Positions in Prior Periods		(390		)		(22		)
Gross Increases—Current-period Tax Positions		7,344				2,229
Settlements		(131		)		—
Lapses of Statutes of Limitations		(3,190		)		(11		)
Currency Translation		(131		)		176
Unrecognized Tax Benefits, End of Year		$	12,364			$	7,843

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