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Taxes (Tables)

12 Months Ended

Dec. 29, 2012

Taxes

Schedule of significant components of the consolidated deferred tax assets and liabilities

Significant components of the consolidated deferred tax assets and liabilities were (in thousands):

Fiscal Year		2012			2011
Current deferred income tax assets (liabilities):
Bad debt allowance		$	6,542		$	6,605
Returns allowance			14,835			15,364
Inventory			10,019			11,656
Warranty reserve			2,403			2,078
Compensation			(2,872	)		7,707
Accrued liabilities			2,600			5,951
Returns cost of sales			(6,005	)		(6,613	)
Deferred rent			804			1,560
Loss carry-forwards			1,735			881
Other			6,016			1,312
Total current deferred tax assets			36,077			46,501
Valuation allowance			(1,843	)		(698	)
Net current deferred income tax assets		$	34,234		$	45,803
Total current deferred income tax assets		$	34,238		$	45,803
Total current deferred income tax liabilities			(4	)		0
Net current deferred income tax assets		$	34,234		$	45,803
Long-term deferred income tax (liabilities) assets:
Unrealized exchange losses		$	1,098		$	2,858
State income tax and interest on tax contingencies			24			0
Fixed assets			(45,237	)		(35,413	)
Trade names and customer lists			(7,139	)		(7,144	)
Compensation			12,010			3,522
Deferred rent			7,732			6,693
Loss carry-forwards			3,357			2,275
Undistributed earnings of certain foreign subsidiaries			(51,578	)		(57,324	)
Tax deductible foreign reserves			335			1,460
Other			10,098			4,115
Total deferred income tax liabilities			(69,300	)		(78,958	)
Valuation allowance			(3,920	)		(2,495	)
Net long-term deferred income tax liabilities		$	(73,220	)	$	(81,453	)
Total long-term deferred income tax assets		$	6,536		$	4,875
Total long-term deferred income tax liabilities			(79,756	)		(86,328	)
Net long-term deferred income tax liabilities		$	(73,220	)	$	(81,453	)
Net deferred income tax liability		$	(38,986	)	$	(35,650	)

Schedule of the amounts and the fiscal year of expiration of the entity's loss carry-forwards

The amounts and the fiscal year of expiration of the loss carry-forwards are (in thousands):

Expires 2013 through 2017		$	2,365
Expires 2018 through 2022			4,297
Expires 2023 through 2027			2,354
Indefinite			10,402
Total loss carry-forwards		$	19,418

Schedule of earnings before income taxes for the Company's U.S. and non-U.S. based operations

The following table identifies earnings before income taxes for the Company's U.S. and non-U.S. based operations for the fiscal years indicated (in thousands):

Fiscal Year		2012			2011			2010
U.S.		$	193,985		$	173,861		$	154,318
Non-U.S.			298,237			277,698			229,892
Total		$	492,222		$	451,559		$	384,210

Components of provision for income taxes

The Company's provision for income taxes consisted of the following for the fiscal years indicated (in thousands):

Fiscal Year		2012			2011			2010
Current provision:
U.S. federal		$	64,552		$	59,854		$	54,820
Non-U.S.			60,239			55,407			44,613
State and local			6,314			7,416			4,535
Total current			131,105			122,677			103,968
Deferred provision
U.S. federal			9,485			25,116			19,112
Non-U.S.			(2,426	)		(4,680	)		(3,188	)
State and local			(201	)		1,044			(572	)
Total deferred			6,858			21,480			15,352
Provision for income taxes		$	137,963		$	144,157		$	119,320

Schedule of reconciliation of income tax computed at the U.S. federal statutory income tax rate to the provision for income taxes

A reconciliation of income tax computed at the U.S. federal statutory income tax rate of 35% to the provision for income taxes is as follows:

Fiscal Year		2012			2011			2010
Tax at statutory rate			35.0	%		35.0	%		35.0	%
State, net of federal tax benefit			1.0			1.2			0.9
Foreign rate differential			(10.0	)		(12.0	)		(11.1	)
U.S. tax on foreign income			3.1			6.7			9.8
Income tax contingencies			(1.7	)		0.7			(3.7	)
Other			0.6			0.3			0.2
Provision for income taxes			28.0	%		31.9	%		31.1	%

Schedule of reconciliation of the total amounts of unrecognized tax benefits

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits for the fiscal years indicated (in thousands):

Fiscal Year		2012			2011			2010
Balance at beginning of year		$	17,974		$	10,945		$	35,426
Gross increases tax positions in prior years			1,245			5,963			2,680
Gross decreases tax positions in prior years			(2,580	)		0			(27,799	)
Gross increases—current year tax positions			2,486			1,192			842
Settlements			(3,582	)		(119	)		(204	)
Lapse in statute of limitations			0			0			0
Increase due to currency revaluation			6			(7	)		0
Balance at end of year		$	15,549		$	17,974		$	10,945

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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 the change in unrecognized tax benefits.

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Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization.

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