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Taxes (Tables)

12 Months Ended

Jan. 02, 2016

Income Tax Disclosure [Abstract]

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	2015				2014
Deferred income tax assets (liabilities):
Bad debt allowance	$	5,390			$	4,387
Returns allowance	8,187				8,724
Inventory	14,575				11,882
Warranty reserve	2,922				2,590
Compensation	16,213				12,586
Accrued liabilities	7,079				4,514
Deferred rent	10,161				10,553
Unrealized exchange gains (losses)	(2,486		)		635
State income tax and interest on tax contingencies	2,976				2,880
Fixed assets	(52,782		)		(51,721		)
Trade names and customer lists	(26,502		)		(6,782		)
Undistributed earnings of certain foreign subsidiaries	(53,761		)		(52,122		)
Foreign accruals	4,832				2,896
Loss carryforwards	13,501				3,319
Valuation allowance	(10,857		)		(6,821		)
Other	3,989				6,766
Net deferred income tax assets (liabilities)	$	(56,563	)		$	(45,714	)
Total deferred income tax assets	$	18,602			$	16,568
Total deferred income tax liabilities	(75,165		)		(62,282		)
Net deferred income tax assets (liabilities)	$	(56,563	)		$	(45,714	)

Schedule of the amounts and the fiscal year of expiration of loss carryforwards

The amounts and the fiscal year of expiration of the loss carryforwards are (in thousands):

Expires 2016 through 2020	$	18,942
Expires 2021 through 2025	4,817
Expires 2026 through 2030	2,278
Expires 2031 through 2035	30,627
Indefinite	6,737
Total loss carryforwards	$	63,401

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

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

Fiscal Year	2015				2014				2013
U.S	$	24,864			$	169,079			$	194,956
Non-U.S	286,795				388,999				366,511
Total	$	311,659			$	558,078			$	561,467

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	2015				2014				2013
Current provision:
U.S. federal	$	10,666			$	84,669			$	97,860
Non-U.S	72,336				74,190				69,901
State and local	1,180				10,582				8,297
Total current	84,182				169,441				176,058
Deferred provision (benefit)
U.S. federal	1,798				5,124				(2,346		)
Non-U.S	(4,511		)		(3,622		)		(166		)
State and local	288				524				(127		)
Total deferred	(2,425		)		2,026				(2,639		)
Provision for income taxes	$	81,757			$	171,467			$	173,419

Reconciliation of the U.S. federal statutory income tax rate to the effective tax rate

A reconciliation of the U.S. federal statutory income tax rate of 35.0% to the Company's effective tax rate is as follows:

Fiscal Year	2015			2014			2013
Tax at statutory rate	35.0	%		35.0	%		35.0	%
State, net of federal tax benefit	0.5			0.9			0.9
Foreign rate differential	(15.6	)		(12.3	)		(12.5	)
U.S. tax on foreign income	4.3			6.3			5.9
Income tax contingencies	0.9			0.7			—
Valuation allowances	1.4			(0.3	)		0.9
Other	(0.3	)		0.4			0.7
Provision for income taxes	26.2	%		30.7	%		30.9	%

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	2015				2014				2013
Balance at beginning of year	$	20,086			$	14,314			$	15,549
Gross increases tax positions in prior years	1,800				4,234				3,310
Gross decreases tax positions in prior years	(9,282		)		(1,018		)		(4,384		)
Gross increases—current year tax positions	11,909				3,508				3,575
Settlements	(583		)		(194		)		(3,456		)
Lapse in statute of limitations	(758		)		(617		)		(297		)
Change due to currency revaluation	(150		)		(141		)		17
Balance at end of year	$	23,022			$	20,086			$	14,314

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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.

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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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