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Note D - Income Taxes (Tables) | 12 Months Ended
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Jan. 01, 2022
Notes Tables |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] |
|  | Year Ended |
|  | 2021 |  |  | 2020 |  |  | 2019 |
U.S. |  | $ | 13,017 |  |  | $ | 18,838 |  |  | $ | 111 |
Foreign |  |  | 157,625 |  |  |  | 159,110 |  |  |  | 150,385 |
Total earnings before income taxes |  | $ | 170,642 |  |  | $ | 177,948 |  |  | $ | 150,496 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
|  | Year Ended |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Current |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (264 | ) |  | $ | 306 |  |  | $ | - |
State |  |  | 567 |  |  |  | 303 |  |  |  | 303 |
Foreign |  |  | 56,668 |  |  |  | 55,147 |  |  |  | 53,281 |
Total Current |  |  | 56,971 |  |  |  | 55,756 |  |  |  | 53,584 |
Deferred |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (4,088 | ) |  |  | 1,317 |  |  |  | (3,120 | )
State |  |  | (40 | ) |  |  | (47 | ) |  |  | (42 | )
Foreign |  |  | 1,294 |  |  |  | (3,742 | ) |  |  | (452 | )
Total Deferred |  |  | (2,834 | ) |  |  | (2,472 | ) |  |  | (3,614 | )
|  | $ | 54,137 |  |  | $ | 53,284 |  |  | $ | 49,970 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|  | Year Ended |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Statutory U.S. federal income tax rate |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 21.0 | %
State income taxes, net of federal tax benefit |  |  | 0.4 |  |  |  | 0.3 |  |  |  | 0.3 |
Permanent tax differences |  |  | 0.1 |  |  |  | 0.2 |  |  |  | - |
Excess foreign tax credits |  |  | (10.9 | ) |  |  | (9.9 | ) |  |  | (13.0 | )
Net increase in valuation allowance |  |  | 10.6 |  |  |  | 8.2 |  |  |  | 11.7 |
Foreign income tax rate differences |  |  | 1.8 |  |  |  | 1.7 |  |  |  | 4.3 |
Foreign withholding taxes |  |  | 7.9 |  |  |  | 7.7 |  |  |  | 8.6 |
Uncertain tax position reserve |  |  | (0.3 | ) |  |  | 0.8 |  |  |  | 0.4 |
All other, net |  |  | 1.1 |  |  |  | (0.1 | ) |  |  | (0.1 | )
|  |  | 31.7 | % |  |  | 29.9 | % |  |  | 33.2 | %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
|  | January 1, |  |  | January 2, |
|  | 2022 |  |  | 2021 |
Deferred tax assets |  |  |  |  |  |  |  |
Inventory |  | $ | 5,106 |  |  | $ | 3,150 |
Accruals not currently deductible |  |  | 11,634 |  |  |  | 12,748 |
Equity-based compensation expense |  |  | 2,355 |  |  |  | 2,982 |
Property and equipment |  |  | 1,143 |  |  |  | 1,129 |
Intangible assets |  |  | 7,545 |  |  |  | 7,691 |
Capitalized R&D Expenses |  |  | 2,337 |  |  |  | - |
Tax credit carry forwards |  |  | 96,635 |  |  |  | 76,929 |
Net operating losses |  |  | 1,401 |  |  |  | 2,071 |
Other |  |  | 4,824 |  |  |  | 4,061 |
Gross deferred tax assets |  |  | 132,980 |  |  |  | 110,761 |
Valuation allowance |  |  | (99,958 | ) |  |  | (81,401 | )
Net deferred tax assets |  |  | 33,022 |  |  |  | 29,360 |
Deferred tax liabilities |  |  |  |  |  |  |  |
Property and equipment |  |  | (5,268 | ) |  |  | (4,900 | )
Foreign currency translation |  |  | (126 | ) |  |  | (1,691 | )
Prepaid expenses |  |  | (3,596 | ) |  |  | (4,043 | )
Intangible assets |  |  | (7,545 | ) |  |  | (7,691 | )
Withholding tax on unremitted earnings |  |  | (13,556 | ) |  |  | (14,589 | )
Other |  |  | (5,589 | ) |  |  | (3,815 | )
Gross deferred tax liabilities |  |  | (35,680 | ) |  |  | (36,729 | )
Net deferred taxes |  | $ | (2,658 | ) |  | $ | (7,369 | )
|  | January 1, |  |  | January 2, |
|  | 2022 |  |  | 2021 |
Net deferred tax assets |  | $ | 4,839 |  |  | $ | 4,640 |
Net deferred tax liabilities |  |  | (7,497 | ) |  |  | (12,009 | )
Net deferred taxes |  | $ | (2,658 | ) |  | $ | (7,369 | )
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
|  | Year Ended |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Beginning balance of unrecognized tax benefits |  | $ | 1,528 |  |  | $ | 560 |  |  | $ | 282 |
Increases related to prior year tax positions |  |  | 21 |  |  |  | 775 |  |  |  | 278 |
Decreases related to prior year tax positions |  |  | (330 | ) |  |  | - |  |  |  | - |
Increases related to current year tax positions |  |  | 424 |  |  |  | 753 |  |  |  | - |
Decreases for settlements with taxing authorities |  |  | (635 | ) |  |  | (560 | ) |  |  | - |
Ending balance of unrecognized tax benefits |  | $ | 1,008 |  |  | $ | 1,528 |  |  | $ | 560 |

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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=121826272&loc=d3e32639-109319 + Details
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