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Income Taxes (Tables) | 12 Months Ended
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Jan. 02, 2021
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:
|  | January 2, |  |  | December 28, |  |  | December 29, |
|  | 2021 |  |  | 2019 |  |  | 2018 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
U.S. federal |  | $ | (14,052 | ) |  | $ | 20,900 |  |  | $ | 1,235 |
State |  |  | 4,421 |  |  |  | 1,873 |  |  |  | 5,918 |
Foreign |  |  | 28,533 |  |  |  | 18,164 |  |  |  | 27,013 |
|  | $ | 18,902 |  |  | $ | 40,937 |  |  | $ | 34,166 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
U.S. federal |  | $ | 94 |  |  | $ | (9,137 | ) |  | $ | (10,367 | )
State |  |  | (2,835 | ) |  |  | (2,434 | ) |  |  | (2,566 | )
Foreign |  |  | 1,301 |  |  |  | 2,147 |  |  |  | (740 | )
|  | $ | (1,440 | ) |  | $ | (9,424 | ) |  | $ | (13,673 | )
Total tax provision |  | $ | 17,462 |  |  | $ | 31,513 |  |  | $ | 20,493 |
Schedule of Income before Income Tax, Domestic and Foreign | The components of the Company’s consolidated income before income taxes consist of the following:
|  | January 2, |  |  | December 28, |  |  | December 29, |
|  | 2021 |  |  | 2019 |  |  | 2018 |
Domestic |  | $ | (10,467 | ) |  | $ | 75,932 |  |  | $ | 126,171 |
Foreign |  |  | 102,970 |  |  |  | 75,028 |  |  |  | 117,890 |
|  | $ | 92,503 |  |  | $ | 150,960 |  |  | $ | 244,061 |
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:
|  | January 2, |  |  | December 28, |  |  | December 29, |
|  | 2021 |  |  | 2019 |  |  | 2018 |
U.S. federal statutory tax rate |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 21.0 | %
State income taxes (net of federal benefit) |  |  | 1.0 | % |  |  | (0.3 | %) |  |  | 1.1 | %
Cessation of operations |  |  | 0.0 | % |  |  | (0.5 | %) |  |  | (0.8 | %)
Research and development credit |  |  | (2.2 | %) |  |  | (1.2 | %) |  |  | (0.5 | %)
Tax windfall on share-based awards |  |  | (4.3 | %) |  |  | (0.1 | %) |  |  | (8.6 | %)
Reserves for uncertain tax positions |  |  | 0.9 | % |  |  | (0.9 | %) |  |  | (1.4 | %)
Tax rate changes |  |  | (1.2 | %) |  |  | 0.0 | % |  |  | 0.3 | %
Decrease in valuation adjustment related to foreign tax credits |  |  | 0.0 | % |  |  | 0.0 | % |  |  | (3.5 | %)
Executive compensation limitation |  |  | 1.2 | % |  |  | 0.5 | % |  |  | 0.3 | %
GILTI |  |  | (8.2 | %) |  |  | 2.3 | % |  |  | 1.5 | %
FDII |  |  | (1.5 | %) |  |  | (3.7 | %) |  |  | (1.9 | %)
Increase (decrease) in valuation allowance due to net operating loss |  |  | 0.0 | % |  |  | 0.4 | % |  |  | (0.7 | %)
Out-of-period adjustments |  |  | 2.5 | % |  |  | 0.0 | % |  |  | 0.0 | %
Tax return adjustments related to the 2017 Tax Act |  |  | 0.0 | % |  |  | (0.7 | %) |  |  | (1.1 | %)
Impact of foreign operations |  |  | 8.7 | % |  |  | 3.4 | % |  |  | 3.2 | %
Other |  |  | 1.0 | % |  |  | 0.7 | % |  |  | (0.5 | %)
Total effective tax rate |  |  | 18.9 | % |  |  | 20.9 | % |  |  | 8.4 | %
Schedule of Deferred Tax Assets and Liabilities | The deferred tax assets and liabilities recorded on the Company’s consolidated balance sheets are as follows:
|  | January 2, |  |  | December 28, |
|  | 2021 |  |  | 2019 |
Interest expense disallowance |  | $ | 32,971 |  |  | $ | 38,396 |
Operating lease liabilities |  |  | 31,108 |  |  |  | 39,095 |
Operating loss carryforwards |  |  | 8,780 |  |  |  | 9,375 |
Provision for estimated expenses |  |  | 1,643 |  |  |  | 2,578 |
Salaries and wages |  |  | 3,875 |  |  |  | 2,037 |
Share-based compensation |  |  | 14,747 |  |  |  | 7,533 |
Other comprehensive income |  |  | 8,525 |  |  |  | 9,816 |
Other |  |  | 6,320 |  |  |  | 4,125 |
Less: valuation allowance |  |  | (7,190 | ) |  |  | (6,760 | )
Total deferred tax assets |  | $ | 100,779 |  |  | $ | 106,195 |
Goodwill and intangible assets |  | $ | (227,198 | ) |  | $ | (228,048 | )
Operating lease assets |  |  | (28,378 | ) |  |  | (36,670 | )
Depreciation |  |  | (3,912 | ) |  |  | (1,082 | )
Prepaid expenses |  |  | (1,379 | ) |  |  | (1,311 | )
Total deferred tax liabilities |  | $ | (260,867 | ) |  | $ | (267,111 | )
Net deferred tax liabilities |  | $ | (160,088 | ) |  | $ | (160,916 | )
Reconciliation of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
|  | January 2, |  |  | December 28, |  |  | December 29, |
|  | 2021 |  |  | 2019 |  |  | 2018 |
Balance at beginning of year |  | $ | 206 |  |  | $ | 3,665 |  |  | $ | 15,173 |
Increases related to tax positions taken in current year |  |  | 0 |  |  |  | 0 |  |  |  | 60 |
Increases related to tax positions taken in prior years |  |  | 605 |  |  |  | 264 |  |  |  | 1,207 |
Reductions related to tax positions taken in prior years |  |  | 0 |  |  |  | (2,731 | ) |  |  | (10,560 | )
Reductions related to settlements with tax authorities |  |  | 0 |  |  |  | (992 | ) |  |  | (2,215 | )
Effects of foreign currency translation |  |  | 40 |  |  |  | 0 |  |  |  | 0 |
Balance at end of year |  | $ | 851 |  |  | $ | 206 |  |  | $ | 3,665 |

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