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Taxes (Tables)

12 Months Ended

Dec. 28, 2019

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	2019				2018
Deferred income tax assets:
Bad debt allowance	$	2,048			$	1,974
Returns allowance	3,990				4,935
Inventory	6,856				4,519
Warranty liabilities	3,465				3,317
Markdown allowance	3,480				2,800
Compensation	11,998				18,772
Accrued liabilities	6,672				5,903
Deferred rent	—				7,996
Deferred income	3,582				5,706
Unrealized exchange gains (losses)	3,816				637
State income tax and interest on tax contingencies	887				1,189
Fixed assets	220				(8,009		)
Trade names and customer lists	4,345				1,703
Goodwill	14,947				17,957
Foreign accruals	10,446				8,528
Loss carryforwards	32,158				31,582
Tax credit carryforwards	4,281				512
Capitalized R&D	8,362				2,546
Interest disallowance	16,683				9,642
Lease liabilities	82,511				—
Deferred income tax assets total	$	220,747			$	122,209
Deferred income tax liabilities:
Tenant allowance	$	(801	)		$	—
Other intangibles	(235		)		(4,562		)
Undistributed earnings of certain foreign subsidiaries	(329		)		(541		)
Right-of-use assets	(65,070		)		—
Other	(45		)		(32		)
Deferred income tax liabilities total	$	(66,480	)		$	(5,135	)
Valuation allowance	(118,089		)		(95,818		)
Net deferred income tax assets	$	36,178			$	21,256
Net deferred income tax assets	$	38,275			$	23,695
Net deferred income tax liabilities	(2,097		)		(2,439		)
Net deferred income tax assets	$	36,178			$	21,256

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 2020 through 2024	$	18,923
Expires 2025 through 2029	14,931
Expires 2030 through 2034	—
Expires 2035 through 2039	74,315
Indefinite	10,428
Total loss carryforwards	$	118,597

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

Expires 2020 through 2024	$	632
Expires 2025 through 2029	9,199
Expires 2030 through 2034	3,096
Expires 2035 through 2039	46,749
Indefinite	26,270
Total loss carryforwards	$	85,946

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

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

Fiscal Year	2019				2018				2017
U.S	$	(142,141	)		$	(102,810	)		$	(517,227	)
Non-U.S	110,810				122,980				63,473
Total	$	(31,331	)		$	20,170			$	(453,754	)

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	2019				2018				2017
Current provision:
U.S. federal	$	2,338			$	(14,386	)		$	30,817
Non-U.S	28,109				35,854				40,423
State and local	(2,330		)		(2,056		)		(2,055		)
Total current	28,117				19,412				69,185
Deferred provision (benefit):
U.S. federal	—				—				(45,990		)
Non-U.S	(9,436		)		1,696				(3,770		)
State and local	—				—				380
Total deferred	(9,436		)		1,696				(49,380		)
Provision for income taxes	$	18,681			$	21,108			$	19,805

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 rates to the Company's effective tax rate is as follows:

Fiscal Year	2019			2018			2017
Tax at statutory rate	21.0	%		21.0	%		35.0	%
Permanent differences	(2.0	)		(0.2	)		(0.1	)
State, net of federal tax benefit	17.6			(3.8	)		1.0
Foreign rate differential	12.8			(12.3	)		3.7
Withholding taxes	(11.1	)		16.3			—
GILTI Tax-net of foreign tax credits	(24.2	)		11.8			—
U.S. tax on foreign income-net of foreign tax credits	0.3			6.4			(1.7	)
Income tax contingencies	3.2			(5.0	)		(0.1	)
Valuation allowances	(53.2	)		65.0			(12.5	)
Repatriation tax - net impact	—			5.9			(7.4	)
Deficiencies on employee stock awards	(10.9	)		10.1			(0.9	)
Non-deductible goodwill impairment	—			—			(15.2	)
Tax reform rate reduction impact on deferred tax assets	—			(15.8	)		(6.2	)
Foreign deferred tax rate change	(4.5	)		—			—
Non deductible foreign equity awards	(3.2	)		5.3			(0.5	)
Non deductible officer compensation	(3.7	)		—			—
Tax exempt foreign capital gain income	6.3			—			—
Deferred adjustment	(8.0	)		—			—
Other	—			—			0.5
Provision for income taxes	(59.6	)%		104.7	%		(4.4	)%

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	2019				2018				2017
Balance at beginning of year	$	39,909			$	35,355			$	23,399
Gross increases—tax positions in prior years	6,639				7,183				2,104
Gross decreases—tax positions in prior years	(4		)		(124		)		(845		)
Gross increases—tax positions in current year	184				576				13,444
Settlements	(1,901		)		—				(81		)
Lapse in statute of limitations	(8,912		)		(2,980		)		(2,706		)
Change due to currency revaluation	(239		)		(101		)		40
Balance at end of year	$	35,676			$	39,909			$	35,355

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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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