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Income Taxes (Tables)

12 Months Ended

Dec. 28, 2019

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The following tables summarize the Company’s consolidated provision for U.S. federal, state and foreign taxes on income:

		December 28,				December 29,				December 30,
		2019				2018				2017
Current:
U.S. federal		$	20,900			$	1,235			$	9,224
State			1,873				5,918				1,993
Foreign			18,164				27,013				18,762
		$	40,937			$	34,166			$	29,979
Deferred:
U.S. federal		$	(9,137	)		$	(10,367	)		$	(51,788	)
State			(2,434	)			(2,566	)			481
Foreign			2,147				(740	)			3,091
		$	(9,424	)		$	(13,673	)		$	(48,216	)
Total tax provision (benefit)		$	31,513			$	20,493			$	(18,237	)

Schedule of Income before Income Tax, Domestic and Foreign

The components of the Company’s consolidated income before income taxes consist of the following:

		December 28,				December 29,				December 30,
		2019				2018				2017
Domestic		$	75,932			$	126,171			$	53,045
Foreign			75,028				117,890				92,035
		$	150,960			$	244,061			$	145,080

Summary of Differences Between U.S. Federal Statutory Tax Rate and Company's Consolidated Effective Tax Rate

The difference between the U.S. federal statutory tax rate and the Company’s consolidated effective tax rate is as follows:

		December 28,				December 29,				December 30,
		2019				2018				2017
U.S. federal statutory tax rate			21.0	%			21.0	%			35.0	%
State income taxes (net of federal benefit)			(0.3	%)			1.1	%			2.5	%
Cessation of operations			(0.5	%)			(0.8	%)			(8.0	%)
Research and development credit			(1.2	%)			(0.5	%)			(1.3	%)
Tax windfall on share-based awards			(0.1	%)			(8.6	%)			(1.1	%)
Reserves for uncertain tax positions			(0.9	%)			(1.4	%)			(0.2	%)
Tax rate changes			0.0	%			0.3	%			(49.6	%)
(Decrease) increase in valuation adjustment    related to foreign tax credits			0.0	%			(3.5	%)			3.5	%
GILTI			2.3	%			1.5	%			0.0	%
FDII			(3.7	%)			(1.9	%)			0.0	%
Increase (decrease) in valuation allowance    due to net operating loss			0.4	%			(0.7	%)			3.0	%
Goodwill impairment			0.0	%			0.0	%			3.2	%
Tax return adjustments related to the 2017    Tax Act			(0.7	%)			(1.1	%)			0.0	%
Impact of foreign operations			3.4	%			3.2	%			(0.7	%)
Other			1.2	%			(0.2	%)			1.1	%
Total effective tax rate			20.9	%			8.4	%			(12.6	%)

Schedule of Deferred Tax Assets and Liabilities

The deferred tax assets and liabilities recorded on the Company’s consolidated balance sheets are as follows:

		December 28,				December 29,
		2019				2018
Interest expense disallowance		$	38,396			$	22,418
Operating lease liabilities			39,095				0
Operating loss carryforwards			9,375				9,862
Provision for estimated expenses			2,578				2,320
Salaries and wages			2,037				2,518
Share-based compensation			7,533				7,666
Other comprehensive income			9,816				5,877
Other			4,125				7,481
Less: valuation allowance			(6,760	)			(6,191	)
Total deferred tax assets		$	106,195			$	51,951
Goodwill and intangible assets		$	(228,048	)		$	(223,938	)
Operating lease assets			(36,670	)			0
Depreciation			(1,082	)			(1,149	)
Prepaid expenses			(1,311	)			(886	)
Total deferred tax liabilities		$	(267,111	)		$	(225,973	)
Net deferred tax liabilities		$	(160,916	)		$	(174,022	)

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

		December 28,				December 29,				December 30,
		2019				2018				2017
Balance at beginning of year		$	3,665			$	15,173			$	10,297
Increases related to tax positions taken in current year			0				60				266
Increases related to tax positions taken in prior years			264				1,207				7,246
Reductions related to tax positions taken in prior years			(2,731	)			(10,560	)			(1,268	)
Reductions related to settlements with tax authorities			(992	)			(2,215	)			0
Reductions related to the expiration of statutes of    limitations			0				0				(1,369	)
Balance at end of year		$	206			$	3,665			$	15,173

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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.

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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.

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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.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits, excluding amounts pertaining to examined tax returns.

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