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INCOME TAXES (Tables) | 12 Months Ended
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Mar. 28, 2020
Income Tax Disclosure [Abstract] |
Schedule Domestic and Foreign Income Before Provision for Income Tax | Domestic and foreign income before provision for income tax is as follows:
(In thousands) | 2020 |  | 2019 |  | 2018
Domestic | $ | 5,344 |  |  | $ | 26,665 |  |  | $ | 3,534 |
Foreign | 81,808 |  |  | 46,968 |  |  | 56,098 |
Total | $ | 87,152 |  |  | $ | 73,633 |  |  | $ | 59,632 |
Schedule of Income Tax Provision Components | The income tax provision from continuing operations contains the following components:
(In thousands) | 2020 |  | 2019 |  | 2018
Current |  |  |  |  |  |  |  |
Federal | $ | 3,834 |  |  | $ | (4,165 | ) |  | $ | 9,927 |
State | 1,054 |  |  | 844 |  |  | 1,024 |
Foreign | 12,467 |  |  | 8,584 |  |  | 8,937 |
Total current | $ | 17,355 |  |  | $ | 5,263 |  |  | $ | 19,888 |
Deferred |  |  |  |  |  |  |  |
Federal | (8,257 | ) |  | 12,220 |  |  | (5,350 | )
State | 280 |  |  | 463 |  |  | 344 |
Foreign | 1,248 |  |  | 668 |  |  | (822 | )
Total deferred | $ | (6,729 | ) |  | $ | 13,351 |  |  | $ | (5,828 | )
Total | $ | 10,626 |  |  | $ | 18,614 |  |  | $ | 14,060 |
Schedule of Net Deferred Tax Asset | Tax affected, significant temporary differences comprising the net deferred tax liability are as follows:
(In thousands) | March 28, 2020 |  | March 30, 2019
Deferred tax assets: |  |  |
Depreciation | $ | 1,922 |  |  | $ | 2,277 |
Amortization of intangibles | 1,156 |  |  | 1,091 |
Inventory | 2,904 |  |  | 3,541 |
Accruals, reserves and other deferred tax assets | 17,345 |  |  | 15,802 |
Net operating loss carry-forward | 4,953 |  |  | 4,931 |
Stock based compensation | 3,634 |  |  | 3,728 |
Operating lease liabilities | 14,115 |  |  | — |
Tax credit carry-forward, net | 5,159 |  |  | 4,176 |
Capitalized research expenses | 3,820 |  |  | — |
Gross deferred tax assets | 55,008 |  |  | 35,546 |
Less valuation allowance | (14,587 | ) |  | (11,322 | )
Total deferred tax assets (after valuation allowance) | 40,421 |  |  | 24,224 |
Deferred tax liabilities: |  |  |
Depreciation | (15,840 | ) |  | (23,102 | )
Amortization of goodwill and intangibles | (15,450 | ) |  | (13,959 | )
Unremitted earnings | (654 | ) |  | (801 | )
Operating lease assets | (12,743 | ) |  | — |
Other deferred tax liabilities | (2,366 | ) |  | (1,909 | )
Total deferred tax liabilities | (47,053 | ) |  | (39,771 | )
Net deferred tax liabilities | $ | (6,632 | ) |  | $ | (15,547 | )
Schedule of Effective Income Tax Rate Reconciliation |
(In thousands) | 2020 |  | 2019 |  | 2018
Tax at federal statutory rate | $ | 18,302 |  |  | 21.0 | % |  | $ | 15,463 |  |  | 21.0 | % |  | $ | 18,807 |  |  | 31.5 | %
Difference between U.S. and foreign tax | (6,688 | ) |  | (7.7 | )% |  | (1,423 | ) |  | (1.9 | )% |  | (9,264 | ) |  | (15.5 | )%
State income taxes net of federal benefit | (342 | ) |  | (0.4 | )% |  | 902 |  |  | 1.2 | % |  | 29 |  |  | — | %
Change in uncertain tax positions | 785 |  |  | 0.9 | % |  | 267 |  |  | 0.4 | % |  | 1,095 |  |  | 1.8 | %
Global intangible low taxed income | 5,431 |  |  | 6.2 | % |  | 5,954 |  |  | 8.1 | % |  | — |  |  | — | %
Unremitted earnings | 40 |  |  | — | % |  | 527 |  |  | 0.7 | % |  | (791 | ) |  | (1.3 | )%
Deferred statutory rate changes | 1,091 |  |  | 1.3 | % |  | 1,183 |  |  | 1.6 | % |  | (3,193 | ) |  | (5.4 | )%
Non-deductible executive compensation | 2,423 |  |  | 2.8 | % |  | 1,588 |  |  | 2.2 | % |  | 221 |  |  | 0.4 | %
Non-deductible other | 1,050 |  |  | 1.2 | % |  | 462 |  |  | 0.6 | % |  | 22 |  |  | — | %
Stock compensation benefits | (12,133 | ) |  | (13.9 | )% |  | (5,382 | ) |  | (7.3 | )% |  | (2,544 | ) |  | (4.3 | )%
Research credits | (2,085 | ) |  | (2.4 | )% |  | (768 | ) |  | (1.0 | )% |  | (763 | ) |  | (1.3 | )%
One-time transition tax from tax reform | — |  |  | — | % |  | 26 |  |  | — | % |  | 25,798 |  |  | 43.3 | %
Valuation allowance | 2,939 |  |  | 3.4 | % |  | (184 | ) |  | (0.3 | )% |  | (15,541 | ) |  | (25.9 | )%
Other, net | (187 | ) |  | (0.2 | )% |  | (1 | ) |  | — | % |  | 184 |  |  | 0.3 | %
Income tax provision (benefit) | $ | 10,626 |  |  | 12.2 | % |  | $ | 18,614 |  |  | 25.3 | % |  | $ | 14,060 |  |  | 23.6 | %
Summary of Gross Unrecognized Tax Benefits | The following table summarizes the activity related to its gross unrecognized tax benefits for the fiscal years ended March 28, 2020, March 30, 2019 and March 31, 2018:
(In thousands) | March 28, 2020 |  | March 30, 2019 |  | March 31, 2018
Beginning Balance | $ | 4,657 |  |  | $ | 4,450 |  |  | $ | 3,370 |
Additions for tax positions of current year | 180 |  |  | 282 |  |  | 289 |
Additions for tax positions of prior years | 880 |  |  | — |  |  | 1,203 |
Reductions of tax positions | (539 | ) |  | (52 | ) |  | (252 | )
Settlements of tax positions | (558 | ) |  | — |  |  | — |
Closure of statute of limitations | — |  |  | (23 | ) |  | (160 | )
Ending Balance | $ | 4,620 |  |  | $ | 4,657 |  |  | $ | 4,450 |

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