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Income Taxes (Tables) | 12 Months Ended
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Dec. 30, 2018
Income Tax Disclosure [Abstract] |
Earnings (Loss) From Continuing Operations Before Taxes Per Jurisdiction | Earnings (loss) before taxes and equity in net earnings (loss) of affiliate for the years 2018, 2017 and 2016 were taxed under the following jurisdictions:
| 2018 |  | 2017 |  | 2016
| (In millions of dollars)
Domestic | $ | 53.1 |  |  | $ | 55.2 |  |  | $ | 112.4 |
Foreign | (62.5 | ) |  | 26.5 |  |  | 37.3 |
Total | $ | (9.4 | ) |  | $ | 81.7 |  |  | $ | 149.7 |
Provision for Income Taxes From Continuing Operations | The provision for income taxes was as follows:
| 2018 |  | 2017 |  | 2016
| (In millions of dollars)
Current tax expense: |  |  |  |  |
U.S. federal | $ | 6.1 |  |  | $ | 6.6 |  |  | $ | 10.2 |
U.S. state and local | 3.1 |  |  | 2.4 |  |  | 2.4 |
Foreign | 11.2 |  |  | 9.7 |  |  | 10.0 |
Total current | 20.4 |  |  | 18.7 |  |  | 22.6 |
Deferred tax (benefit) expense: |  |  |  |  |
U.S. federal | (15.6 | ) |  | 0.4 |  |  | 11.8 |
U.S. state and local | 1.0 |  |  | 0.1 |  |  | 2.0 |
Foreign | (32.9 | ) |  | (6.4 | ) |  | (6.4 | )
Total deferred | (47.5 | ) |  | (5.9 | ) |  | 7.4 |
Total provision | $ | (27.1 | ) |  | $ | 12.8 |  |  | $ | 30.0 |
Deferred Taxes | Deferred taxes are comprised of the following:
| 2018 |  | 2017
| (In millions of dollars)
Depreciation and amortization | $ | (15.6 | ) |  | $ | (13.4 | )
Employee compensation and benefit plans | 52.0 |  |  | 57.3 |
Workers’ compensation | 15.0 |  |  | 14.5 |
Unrealized gain on securities | (30.9 | ) |  | (60.1 | )
Investment in equity affiliate | (15.8 | ) |  | (15.5 | )
Loss carryforwards | 30.8 |  |  | 38.8 |
Credit carryforwards | 155.6 |  |  | 132.7 |
Other, net | 3.9 |  |  | 3.1 |
Valuation allowance | (27.8 | ) |  | (34.6 | )
Net deferred tax assets | $ | 167.2 |  |  | $ | 122.8 |
The deferred tax balance is classified in the consolidated balance sheet as:
| 2018 |  | 2017
| (In millions of dollars)
Deferred tax asset | $ | 198.7 |  |  | $ | 183.4 |
Other long-term liabilities | (31.5 | ) |  | (60.6 | )
| $ | 167.2 |  |  | $ | 122.8 |
Differences Between Income Taxes From Continuing Operations and U.S. Statutory Rate | The differences between income taxes from continuing operations for financial reporting purposes and the U.S. statutory rate of 21% in 2018 and 35% in 2017 and 2016 are as follows:
| 2018 |  | 2017 |  | 2016
| (In millions of dollars)
Income tax based on statutory rate | $ | (2.0 | ) |  | $ | 28.6 |  |  | $ | 52.4 |
State income taxes, net of federal benefit | 3.2 |  |  | 1.6 |  |  | 2.9 |
Foreign tax rate differential | (8.3 | ) |  | (1.5 | ) |  | (4.5 | )
General business credits | (22.6 | ) |  | (18.1 | ) |  | (17.0 | )
Life insurance cash surrender value | 2.1 |  |  | (7.4 | ) |  | (3.0 | )
Foreign items | 1.9 |  |  | (1.3 | ) |  | 4.9 |
GILTI, net of foreign tax credit | 0.5 |  |  | — |  |  | — |
Foreign-derived intangible income | (0.9 | ) |  | — |  |  | — |
Foreign business taxes | 4.2 |  |  | 4.0 |  |  | 3.6 |
Non-deductible expenses | 2.6 |  |  | 1.3 |  |  | 1.6 |
Tax law change | (0.5 | ) |  | 13.9 |  |  | — |
PersolKelly Asia Pacific transaction gain | — |  |  | — |  |  | (4.8 | )
Change in deferred tax realizability | (4.3 | ) |  | (7.8 | ) |  | (5.9 | )
Stock compensation | (3.0 | ) |  | (0.7 | ) |  | — |
Other, net | — |  |  | 0.2 |  |  | (0.2 | )
Total | $ | (27.1 | ) |  | $ | 12.8 |  |  | $ | 30.0 |
Net Tax Effect of State and Foreign Loss Carryforwards | The net tax effect of state and foreign loss carryforwards at year-end 2018 totaled $30.8 million, which expire as follows (in millions of dollars):
Year |  | Amount
2019-2020 |  | $ | 0.7 |
2021-2035 |  | 0.6 |
No expiration |  | 29.5 |
Total |  | $ | 30.8 |
Reconciliation of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
| 2018 |  | 2017 |  | 2016
| (In millions of dollars)
Balance at beginning of the year | $ | 1.2 |  |  | $ | 1.4 |  |  | $ | 1.7 |
Additions for prior years’ tax positions | — |  |  | — |  |  | 0.1 |
Reductions for prior years’ tax positions | — |  |  | — |  |  | — |
Additions for settlements | — |  |  | — |  |  | — |
Reductions for settlements | — |  |  | — |  |  | — |
Reductions for expiration of statutes | (0.1 | ) |  | (0.2 | ) |  | (0.4 | )
Balance at end of the year | $ | 1.1 |  |  | $ | 1.2 |  |  | $ | 1.4 |

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