XML 51 R37.htm IDEA: XBRL DOCUMENT
v3.20.2

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Oct. 03, 2020
Income Tax Disclosure [Abstract] |
Income from continuing operations by location, the provision (benefit) for income taxes and the effective tax rate | The following table reflects U.S and foreign income before income taxes for fiscal 2020, 2019, and 2018:
| Fiscal
(in thousands) | 2020 |  | 2019 |  | 2018
United States | $ | (14,909) |  |  | $ | (14,125) |  |  | $ | 25,211 |
Foreign | 79,243 |  |  | 48,812 |  |  | 152,338 |
Income before income taxes | $ | 64,334 |  |  | $ | 34,687 |  |  | $ | 177,549 |
Provision (benefit) for income taxes from continuing operations | The following table reflects the current and deferred components of provision for (benefit from) income taxes for fiscal 2020, 2019, and 2018:
| Fiscal
(in thousands) | 2020 |  | 2019 |  | 2018
Current: |  |  |  |  |
Federal | $ | 5,129 |  |  | $ | 6,580 |  |  | $ | 83,159 |
State | 89 |  |  | 214 |  |  | 58 |
Foreign | 6,508 |  |  | 6,384 |  |  | 16,980 |
Deferred: |  |  |  |  |
Federal | (690) |  |  | 2,959 |  |  | 23,346 |
State | — |  |  | — |  |  | (2) |
Foreign | 962 |  |  | 6,773 |  |  | (2,797) |
Provision for (benefit from) income taxes | $ | 11,998 |  |  | $ | 22,910 |  |  | $ | 120,744 |
Effective income tax rate reconciliation | The following table reconciles the provision for (benefit from) income taxes with the expected income tax provision computed based on the applicable U.S. federal statutory tax rate for fiscal 2020, 2019, and 2018:
| Fiscal |
(dollar amounts in thousands) | 2020 |  | 2019 |  | 2018 |
Expected income provision based on the U.S. federal statutory tax rate | $ | 13,510 |  |  | $ | 7,284 |  |  | $ | 43,568 |  |
Effect of earnings of foreign subsidiaries subject to different tax rates | (1,634) |  |  | (4,335) |  |  | (12,947) |  |
Benefit from tax incentives | (6,781) |  |  | (5,084) |  |  | (20,429) |  |
Benefit from research and development tax credits | (2,915) |  |  | (3,041) |  |  | (2,785) |  |
Benefit from foreign tax credits | (1,701) |  |  | (22,744) |  |  | (3,939) |  |
U.S. one-time transition tax | — |  |  | 9,369 |  |  | 101,854 |  |
Remeasurement of deferred taxes | (145) |  |  | 5,480 |  |  | 2,760 |  |
Valuation allowance | 1,224 |  |  | 25,289 |  |  | 7,366 |  |
Foreign operations (withholding taxes, taxes on unrepatriated foreign earnings, and deemed income) | 8,886 |  |  | 8,578 |  |  | 5,746 |  |
Unrecognized tax benefit | 285 |  |  | 156 |  |  | 530 |  |
Non-deductible items | 1,232 |  |  | 2,248 |  |  | (758) |  |
Other, net | 37 |  |  | (290) |  |  | (222) |  |
Provision for (benefit from) income taxes | $ | 11,998 |  |  | $ | 22,910 |  |  | $ | 120,744 |  |
Effective tax rate | 18.6 | % |  | 66.0 | % |  | 68.0 | % |
Net deferred tax balance | The following table reflects deferred tax balances based on the tax effects of cumulative temporary differences for fiscal 2020 and 2019:
| Fiscal
(in thousands) | 2020 |  | 2019
Accruals and reserves | $ | 7,631 |  |  | $ | 5,514 |
Tax credit carryforwards | 24,861 |  |  | 23,448 |
Net operating loss carryforwards | 37,921 |  |  | 36,050 |
Gross deferred tax assets | $ | 70,413 |  |  | $ | 65,012 |
Valuation allowance | $ | (65,298) |  |  | $ | (58,411) |
Deferred tax assets, net of valuation allowance | $ | 5,115 |  |  | $ | 6,601 |
Taxes on undistributed foreign earnings | $ | (25,676) |  |  | $ | (24,542) |
Fixed and intangible assets | (4,297) |  |  | (7,704) |
Deferred tax liabilities | $ | (29,973) |  |  | $ | (32,246) |
Net deferred tax liabilities | $ | (24,858) |  |  | $ | (25,645) |
Reported as |  |  |
Deferred tax assets | $ | 8,147 |  |  | $ | 6,409 |
Deferred tax liabilities | (33,005) |  |  | (32,054) |
Net deferred tax liabilities | $ | (24,858) |  |  | $ | (25,645) |
Unrecognized tax benefits | The following table reconciles the beginning and ending balances of the Company's unrecognized tax benefit, excluding related accrued interest and penalties, for fiscal 2020, 2019, and 2018:
|  | Fiscal
(in thousands) |  | 2020 |  | 2019 |  | 2018
Unrecognized tax benefit, beginning of year |  | $ | 12,925 |  |  | $ | 13,038 |  |  | $ | 12,062 |
Additions for tax positions, current year |  | 537 |  |  | 410 |  |  | 1,482 |
Reductions for tax positions, prior year |  | (398) |  |  | (523) |  |  | (506) |
Unrecognized tax benefit, end of year |  | $ | 13,064 |  |  | $ | 12,925 |  |  | $ | 13,038 |

X
- Definition Tabular disclosure for the difference between the provision (benefit) for income taxes and the amount computed by applying the statutory federal income tax rate. + References No definition available. + Details
Name: | klic_ScheduleForIncomeTaxReconciliationTableTextBlock
Namespace Prefix: | klic_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for the provision (benefit) for income taxes from continuing operations. + References No definition available. + Details
Name: | klic_ScheduleOfIncomeTaxesFromContinuingOperationsTableTextBlock
Namespace Prefix: | klic_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=117331294&loc=d3e36027-109320 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration