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Income Taxes (Tables) | 12 Months Ended
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Dec. 29, 2018
Income Taxes [Abstract] |
Schedule Of Consolidated Earnings Before Income Taxes |
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Consolidated earnings before income taxes consists of the following for 2016, 2017 and 2018:
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﻿ |  | Year ended
﻿ |  | 2016 |  | 2017 |  | 2018
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U.S. |  | $ (5,648) |  | $ (25,167) |  | $ 1,475
Foreign |  | 144,200 |  | 159,807 |  | 190,035
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Total earnings before income taxes |  | $ 138,552 |  | $ 134,640 |  | $ 191,510
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Schedule Of Income Tax Expense (Benefit) |
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Income tax expense (benefit) included in income from net earnings consists of the following: |
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﻿ |  | Year ended |
﻿ |  | 2016 |  | 2017 |  | 2018 |
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Current |  |  |  |  |  |  |
Federal |  | $ (4,361) |  | $ (171) |  | $ - |
State |  | 756 |  | (368) |  | 337 |
Foreign |  | 45,568 |  | 52,167 |  | 64,342 |
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Total Current |  | 41,963 |  | 51,628 |  | 64,679 |
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Deferred |  |  |  |  |  |  |
Federal |  | (6,813) |  | 23,609 |  | (613) |
State |  | (67) |  | 132 |  | 24 |
Foreign |  | 3,428 |  | (3,264) |  | 1,196 |
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Total Deferred |  | (3,452) |  | 20,477 |  | 607 |
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﻿ |  | $ 38,511 |  | $ 72,105 |  | $ 65,286 |
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Reconciliation Of Income Tax Provision |
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﻿The effective tax rate for 2016, 2017, and 2018 reconciled to the statutory U.S. Federal tax rate is as follows: |
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﻿ |  | Year ended |
﻿ |  | 2016 |  | 2017 |  | 2018 |
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﻿Statutory U.S. federal income tax rate |  | 35.0 | % | 35.0 | % | 21.0 | %
﻿State income taxes, net of federal tax benefit |  | 0.5 |  | (0.2) |  | 0.3 |
﻿Excess tax benefits on equity awards |  | (6.6) |  | (3.4) |  | - |
﻿Permanent tax differences |  | (0.4) |  | 0.3 |  | 0.4 |
﻿Excess foreign tax credits |  | - |  | - |  | (14.7) |
﻿Net increase in valuation allowance |  | - |  | - |  | 15.8 |
﻿Foreign income tax rate differences |  | (0.2) |  | (0.2) |  | 4.2 |
﻿Foreign withholding taxes |  | - |  | 9.3 |  | 8.1 |
﻿U.S. tax reform |  | - |  | 13.1 |  | - |
﻿All other, net |  | (0.5) |  | (0.3) |  | (1.0) |
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﻿ |  | 27.8 | % | 53.6 | % | 34.1 | %
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Schedule Of Deferred Taxes |
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﻿The significant categories of deferred taxes are as follows: |
﻿ |  | December 30, |  | December 29, |
﻿ |  | 2017 |  | 2018 |
﻿Deferred tax assets |  |  |  |  |
﻿Inventory differences |  | $ 1,988 |  | $ 2,580 |
﻿Accruals not currently deductible |  | 4,245 |  | 4,769 |
﻿Equity-based compensation expense |  | 5,056 |  | 4,319 |
﻿Depreciation/amortization |  | - |  | 809 |
﻿Intangible assets |  | 8,792 |  | 7,951 |
﻿Foreign currency translation |  | - |  | 1,141 |
﻿Tax credit carry forwards |  | 10,690 |  | 41,034 |
﻿Net operating losses |  | 795 |  | 1,462 |
﻿Other |  | 3,860 |  | 3,874 |
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﻿Gross deferred tax assets |  | 35,426 |  | 67,939 |
﻿Valuation allowance |  | (13,980) |  | (44,199) |
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﻿Net deferred tax assets |  | 21,446 |  | 23,740 |
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﻿Deferred tax liabilities |  |  |  |  |
﻿Depreciation/amortization |  | (4,449) |  | (4,983) |
﻿Foreign currency translation |  | (759) |  | - |
﻿Prepaid expenses |  | (739) |  | (1,828) |
﻿Intangible assets |  | (8,792) |  | (7,951) |
﻿Withholding tax on unremitted earnings |  | (12,562) |  | (14,608) |
﻿Other |  | (5,016) |  | (4,389) |
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﻿Gross deferred tax liabilities |  | (32,317) |  | (33,759) |
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﻿Net deferred taxes |  | $ (10,871) |  | $ (10,019) |
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﻿The Components of deferred taxes, net on a jurisdiction basis are as follows: |  |  |
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﻿ |  | December 30, |  | December 29, |
﻿ |  | 2017 |  | 2018 |
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﻿Net noncurrent deferred tax assets |  | $ 2,859 |  | $ 3,348 |
﻿Net noncurrent deferred tax liabilities |  | (13,730) |  | (13,367) |
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﻿Net deferred taxes |  | $ (10,871) |  | $ (10,019) |
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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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