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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Income Before Income Taxes | Income before income taxes consisted of the following:
| Fiscal Year
| 2023 |  | 2022 |  | 2021
| (in thousands)
U.S. operations | $ | 3,611 |  |  | $ | 11,758 |  |  | $ | 4,460 |
Foreign operations | 60,043 |  |  | 30,159 |  |  | 68,173 |
Income before income taxes | $ | 63,654 |  |  | $ | 41,917 |  |  | $ | 72,633 |
Schedule of Provisions for Federal, Foreign and State Income Taxes | Provisions for federal, foreign and state income taxes in the consolidated statements of operations consisted of the following components:
| Fiscal Year
| 2023 |  | 2022 |  | 2021
| (in thousands)
Current expense: |  |  |  |  |
Federal | $ | 5,523 |  |  | $ | 1,624 |  |  | $ | 1,987 |
Foreign | 18,330 |  |  | 20,903 |  |  | 21,372 |
State | 2,167 |  |  | 1,307 |  |  | 1,418 |
Current expense | 26,020 |  |  | 23,834 |  |  | 24,777 |
Deferred (benefit) expense: |  |  |  |  |
Federal | (4,810) |  |  | 346 |  |  | (2,841) |
Foreign | (1,212) |  |  | (2,053) |  |  | (3,846) |
State | (861) |  |  | 230 |  |  | (691) |
Deferred benefit | (6,883) |  |  | (1,477) |  |  | (7,378) |
Total income tax expense | $ | 19,137 |  |  | $ | 22,357 |  |  | $ | 17,399 |
Schedule of Effective Income Tax Rate Reconciliation | The following summary reconciles income taxes at the U.S. federal statutory rate of 21% applicable for all periods presented to the Company’s actual income tax expense:
| Fiscal Year
| 2023 |  | 2022 |  | 2021
| (in thousands)
Income taxes at U.S. federal statutory rate | $ | 13,367 |  |  | $ | 8,803 |  |  | $ | 15,253 |
Increase (decrease) in taxes resulting from: |  |  |  |  |
State income taxes, net of federal tax effect | (432) |  |  | 817 |  |  | (87) |
Non-deductible business expenses | 747 |  |  | 237 |  |  | 330 |
Non-deductible employee compensation | 1,681 |  |  | 1,678 |  |  | 1,213 |
Tax effects of Company-owned life insurance | (587) |  |  | 612 |  |  | (762) |
Tax effects of undistributed earnings from foreign subsidiaries not deemed to be indefinitely reinvested | 779 |  |  | 1,123 |  |  | 1,219 |
Foreign and U.S. tax effects attributable to foreign operations | 1,537 |  |  | 3,528 |  |  | 1,748 |
Expiring tax attributes | 3,780 |  |  | — |  |  | — |
Valuation allowance effect | (879) |  |  | 2,898 |  |  | 1,349 |
Research and development tax credits | (820) |  |  | (917) |  |  | (793) |
Goodwill impairment | — |  |  | 6,171 |  |  | — |
Unrecognized tax benefits | (79) |  |  | (2,463) |  |  | (2,663) |
Other | 43 |  |  | (130) |  |  | 592 |
Income tax expense | $ | 19,137 |  |  | $ | 22,357 |  |  | $ | 17,399 |
Schedule of Deferred Tax Assets and Liabilities | The temporary differences that give rise to significant portions of the deferred tax assets and liabilities are as follows:
| End of Fiscal Year
| 2023 |  | 2022
| (in thousands)
Deferred tax assets |  |  |
Lease liability | $ | 25,164 |  |  | $ | 23,649 |
Net operating loss and interest carryforwards | 9,587 |  |  | 7,616 |
Federal tax credit carryforwards | 7,876 |  |  | 10,904 |
Derivative instruments | — |  |  | 295 |
Deferred compensation | 16,517 |  |  | 16,577 |
Inventory | 3,041 |  |  | 3,521 |
Prepaids, accruals and reserves | 8,147 |  |  | 6,947 |
Capitalized costs | 9,442 |  |  | 7,467 |
Other | — |  |  | 58 |
Deferred tax asset, gross | 79,774 |  |  | 77,034 |
Valuation allowance | (17,357) |  |  | (18,236) |
Deferred tax asset, net | $ | 62,417 |  |  | $ | 58,798 |
Deferred tax liabilities |  |  |
Property and equipment | $ | 24,662 |  |  | $ | 25,319 |
Intangible assets | 24,411 |  |  | 25,533 |
Lease asset | 23,868 |  |  | 22,811 |
Pensions | 5 |  |  | 4,284 |
Foreign currency | 686 |  |  | 600 |
Foreign withholding and U.S. state taxes on unremitted earnings | 725 |  |  | 1,146 |
Other | 171 |  |  | — |
Deferred tax liabilities | 74,528 |  |  | 79,693 |
Net deferred tax liabilities | $ | 12,111 |  |  | $ | 20,895 |
Schedule of Reconciliation of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amounts of gross unrecognized tax benefits is as follows:
| Fiscal Year
| 2023 |  | 2022 |  | 2021
| (in thousands)
Balance at beginning of year | $ | 5,743 |  |  | $ | 8,220 |  |  | $ | 10,799 |
Increases related to tax positions taken during the current year | 320 |  |  | 342 |  |  | 265 |
Increases related to tax positions taken during the prior years | 140 |  |  | 204 |  |  | 198 |
Decreases related to tax positions taken during the prior years | (54) |  |  | (447) |  |  | — |
Decreases related to lapse of applicable statute of limitations | (1,218) |  |  | (2,574) |  |  | (2,309) |
Changes due to settlements | — |  |  | — |  |  | (836) |
Changes due to foreign currency translation | 17 |  |  | (2) |  |  | 103 |
Balance at end of year | $ | 4,948 |  |  | $ | 5,743 |  |  | $ | 8,220 |

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