XML 66 R38.htm IDEA: XBRL DOCUMENT v3.21.2

INCOME TAXES (Tables)

12 Months Ended

Oct. 02, 2021

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 (loss) before income taxes for fiscal 2021, 2020, and 2019:

			Fiscal
(in thousands)			2021						2020						2019
United States			$	(8,853)					$	(14,909)					$	(14,125)
Foreign			423,403						79,243						48,812
Income before income taxes			$	414,550					$	64,334					$	34,687

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 2021, 2020, and 2019:

			Fiscal
(in thousands)			2021						2020						2019
Current:
Federal			$	26,563					$	5,129					$	6,580
State			261						89						214
Foreign			30,771						6,508						6,384
Deferred:
Federal			(2,979)						(690)						2,959
State			—						—						—
Foreign			(7,321)						962						6,773
Provision for income taxes			$	47,295					$	11,998					$	22,910

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 2021, 2020, and 2019:

			Fiscal
(dollar amounts in thousands)			2021						2020						2019
Expected income tax provision based on the U.S. federal statutory tax rate			$	86,915					$	13,510					$	7,284
Effect of earnings of foreign subsidiaries subject to different tax rates			(15,028)						(1,634)						(4,335)
Benefit from tax incentives			(45,501)						(6,781)						(5,084)
Benefit from research and development tax credits			(2,705)						(2,915)						(3,041)
Benefit from foreign tax credits			(20,281)						(1,701)						(22,744)
U.S. one-time transition tax			—						—						9,369
Remeasurement of deferred taxes			—						(145)						5,480
Valuation allowance			(11,620)						1,224						25,289
Foreign operations (Deemed income, taxes on undistributed foreign earnings, and withholding taxes)			52,414						8,886						8,578
Unrecognized tax benefit			(180)						285						156
Non-deductible items			113						1,232						2,248
Other, net			3,168						37						(290)
Provision for income taxes			$	47,295					$	11,998					$	22,910
Effective tax rate			11.4		%				18.6		%				66.0		%

Net deferred tax balance

The following table reflects deferred tax balances based on the tax effects of cumulative temporary differences for fiscal 2021 and 2020:

			Fiscal
(in thousands)			2021						2020
Accruals and reserves			$	11,890					$	7,631
Tax credit carryforwards (1)			4,230						6,124
Net operating loss carryforwards			28,913						37,921
Gross deferred tax assets			$	45,033					$	51,676
Valuation allowance (1)			$	(34,095)					$	(46,561)
Deferred tax assets, net of valuation allowance			$	10,938					$	5,115
Taxes on undistributed foreign earnings (1)			$	(28,516)					$	(25,676)
Fixed and intangible assets			465						(4,297)
Deferred tax liabilities			$	(28,051)					$	(29,973)
Net deferred tax liabilities			$	(17,113)					$	(24,858)
Reported as
Deferred tax assets			$	15,715					$	8,147
Deferred tax liabilities			(32,828)						(33,005)
Net deferred tax liabilities			$	(17,113)					$	(24,858)

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 2021, 2020, and 2019:

						Fiscal
(in thousands)						2021						2020						2019
Unrecognized tax benefit, beginning of year						$	13,064					$	12,925					$	13,038
Additions for tax positions, current year						4,003						537						410
Reductions for tax positions, prior year						(2,145)						(398)						(523)
Unrecognized tax benefit, end of year						$	14,922					$	13,064					$	12,925

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://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=121610041&loc=d3e36027-109320

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-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