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Taxes (Tables) | 12 Months Ended
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Jan. 02, 2021
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 | 2020 |  | 2019
Deferred income tax assets: |  |  |
Inventory | 4,095 |  |  | 6,856 |
Compensation | 14,028 |  |  | 11,998 |
Property, plant and equipment | — |  |  | 220 |
Trade names and customer lists | 5,163 |  |  | 4,345 |
Goodwill | 13,189 |  |  | 14,947 |
Foreign accruals | 12,582 |  |  | 10,446 |
Loss carryforwards | 54,112 |  |  | 32,158 |
Tax credit carryforwards | 2,771 |  |  | 4,281 |
Interest disallowance | 9,604 |  |  | 16,683 |
Lease liabilities | 54,857 |  |  | 82,511 |
Other | 19,042 |  |  | 36,302 |
Deferred income tax assets total | $ | 189,443 |  |  | $ | 220,747 |
Deferred income tax liabilities: |  |  |
Property, plant and equipment | (5,807) |  |  | — |
Undistributed earnings of certain foreign subsidiaries | (3,076) |  |  | (329) |
Right-of-use assets | (36,584) |  |  | (65,070) |
Other | (1,327) |  |  | (1,081) |
Deferred income tax liabilities total | $ | (46,794) |  |  | $ | (66,480) |
Valuation allowance | (109,250) |  |  | (118,089) |
Net deferred income tax assets | $ | 33,399 |  |  | $ | 36,178 |
Net deferred income tax assets | $ | 33,894 |  |  | $ | 38,275 |
Net deferred income tax liabilities | (495) |  |  | (2,097) |
Net deferred income tax assets | $ | 33,399 |  |  | $ | 36,178 |
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 2021 through 2025 | $ | 29,990 |
Expires 2026 through 2030 | 58,328 |
Expires 2031 through 2035 | — |
Expires 2036 through 2040 | 74,314 |
Indefinite | 21,828 |
Total loss carryforwards | $ | 184,460 |
The state apportioned amounts and the fiscal year of expiration of the loss carryforwards are (in thousands):
Expires 2021 through 2025 | $ | 2,567 |
Expires 2026 through 2030 | 13,677 |
Expires 2031 through 2035 | 16,545 |
Expires 2036 through 2040 | 80,377 |
Indefinite | 49,292 |
Total loss carryforwards | $ | 162,458 |
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 | 2020 |  | 2019 |  | 2018
U.S | $ | (163,331) |  |  | $ | (142,141) |  |  | $ | (102,810) |
Non-U.S | (8,652) |  |  | 110,810 |  |  | 122,980 |
Total | $ | (171,983) |  |  | $ | (31,331) |  |  | $ | 20,170 |
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 | 2020 |  | 2019 |  | 2018
Current provision: |  |  |  |  |
U.S. federal | $ | (96,224) |  |  | $ | 2,338 |  |  | $ | (14,386) |
Non-U.S | 16,522 |  |  | 28,109 |  |  | 35,854 |
State and local | (681) |  |  | (2,330) |  |  | (2,056) |
Total current | (80,383) |  |  | 28,117 |  |  | 19,412 |
Deferred provision (benefit): |  |  |  |  |
U.S. federal | — |  |  | — |  |  | — |
Non-U.S | 4,340 |  |  | (9,436) |  |  | 1,696 |
State and local | — |  |  | — |  |  | — |
Total deferred | 4,340 |  |  | (9,436) |  |  | 1,696 |
Provision for income taxes | $ | (76,043) |  |  | $ | 18,681 |  |  | $ | 21,108 |
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 | 2020 |  | 2019 |  | 2018
Tax at statutory rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Permanent differences | (4.5) |  |  | (2.0) |  |  | (0.2) |
State, net of federal tax benefit | (0.1) |  |  | 17.6 |  |  | (3.8) |
Foreign rate differential | 1.2 |  |  | 12.8 |  |  | (12.3) |
Withholding taxes | (1.2) |  |  | (11.1) |  |  | 16.3 |
GILTI tax-net of foreign tax credits | 2.1 |  |  | (24.2) |  |  | 11.8 |
U.S. tax on foreign income-net of foreign tax credits | 3.9 |  |  | 0.3 |  |  | 6.4 |
Income tax contingencies | 1.6 |  |  | 3.2 |  |  | (5.0) |
Valuation allowances | (0.4) |  |  | (53.2) |  |  | 65.0 |
Repatriation tax - net impact | — |  |  | — |  |  | 5.9 |
Deficiencies on employee stock awards | (1.4) |  |  | (10.9) |  |  | 10.1 |
Tax reform rate reduction impact on deferred tax assets | — |  |  | — |  |  | (15.8) |
Foreign deferred tax rate change | — |  |  | (4.5) |  |  | — |
Non deductible foreign equity awards | (0.4) |  |  | (3.2) |  |  | 5.3 |
Non deductible officer compensation | 0.7 |  |  | (3.7) |  |  | — |
Tax exempt foreign capital gain income | — |  |  | 6.3 |  |  | — |
Deferred adjustment | — |  |  | (8.0) |  |  | — |
CARES Act Rate Benefit | 21.7 |  |  | — |  |  | — |
Provision for income taxes | 44.2 | % |  | (59.6) | % |  | 104.7 | %
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 | 2020 |  | 2019 |  | 2018
Balance at beginning of year | $ | 35,676 |  |  | $ | 39,909 |  |  | $ | 35,355 |
Gross increases—tax positions in prior years | 1,241 |  |  | 6,639 |  |  | 7,183 |
Gross decreases—tax positions in prior years | (4,281) |  |  | (4) |  |  | (124) |
Gross increases—tax positions in current year | 857 |  |  | 184 |  |  | 576 |
Settlements | — |  |  | (1,901) |  |  | — |
Lapse in statute of limitations | (2,255) |  |  | (8,912) |  |  | (2,980) |
Change due to currency revaluation | 302 |  |  | (239) |  |  | (101) |
Balance at end of year | $ | 31,540 |  |  | $ | 35,676 |  |  | $ | 39,909 |

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