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Taxes (Tables)

12 Months Ended

Jan. 01, 2022

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			2021						2020
Deferred income tax assets:
Inventory			3,348						4,095
Compensation			12,977						14,028
Property, plant and equipment			319						—
Trade names and customer lists			4,243						5,163
Goodwill			11,096						13,189
Undistributed earnings of certain foreign subsidiaries			57						—
Foreign accruals			11,446						12,582
Loss carryforwards			57,264						54,112
Tax credit carryforwards			5,715						2,771
Interest disallowance			8,977						9,604
Lease liabilities			32,830						54,857
Other			18,979						19,042
Deferred income tax assets total			$	167,251					$	189,443
Deferred income tax liabilities:
Property, plant and equipment			—						(5,807)
Undistributed earnings of certain foreign subsidiaries			—						(3,076)
Right-of-use assets			(19,469)						(36,584)
Other			(780)						(1,327)
Deferred income tax liabilities total			$	(20,249)					$	(46,794)
Valuation allowance			(122,953)						(109,250)
Net deferred income tax assets			$	24,049					$	33,399
Net deferred income tax assets			$	24,553					$	33,894
Net deferred income tax liabilities			(504)						(495)
Net deferred income tax assets			$	24,049					$	33,399

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 2022 through 2026			$	22,053
Expires 2027 through 2031			50,906
Expires 2032 through 2036			15,770
Expires 2037 through 2041			85,586
Indefinite			31,443
Total loss carryforwards			$	205,758

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

Expires 2022 through 2026			$	5,817
Expires 2027 through 2031			17,219
Expires 2032 through 2036			22,358
Expires 2037 through 2041			67,583
Indefinite			59,178
Total loss carryforwards			$	172,155

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			2021						2020						2019
U.S.			$	(32,423)					$	(163,331)					$	(142,141)
Non-U.S.			85,474						(8,652)						110,810
Total			$	53,051					$	(171,983)					$	(31,331)

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			2021						2020						2019
Current provision:
U.S. federal			$	1,714					$	(96,224)					$	2,338
Non-U.S			17,027						16,522						28,109
State and local			(274)						(681)						(2,330)
Total current			18,467						(80,383)						28,117
Deferred provision (benefit):
U.S. federal			—						—						—
Non-U.S			7,960						4,340						(9,436)
State and local			—						—						—
Total deferred			7,960						4,340						(9,436)
Provision for income taxes			$	26,427					$	(76,043)					$	18,681

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			2021						2020						2019
Tax at statutory rate			21.0		%				21.0		%				21.0		%
Permanent differences			(2.5)						(4.5)						(2.0)
State, net of federal tax benefit			(2.0)						(0.1)						17.6
Foreign rate differential			(3.8)						1.2						12.8
Withholding taxes			7.5						(1.2)						(11.1)
GILTI tax-net of foreign tax credits			5.7						2.1						(24.2)
U.S. tax on foreign income-net of foreign tax credits			—						3.9						0.3
Income tax contingencies			3.9						1.6						3.2
Valuation allowances			31.9						(0.4)						(53.2)
R&D/Foreign Tax Credits			(5.6)						—						—
Deficiencies (Benefits) on employee stock awards			(0.3)						(1.4)						(10.9)
APB23 Assertion			(6.9)						—						—
Foreign deferred tax rate change			(1.1)						—						(4.5)
Non deductible foreign equity awards			0.8						(0.4)						(3.2)
Non deductible officer compensation			1.0						0.7						(3.7)
Tax exempt foreign capital gain income			—						—						6.3
Deferred adjustment			—						—						(8.0)
CARES Act Rate Benefit			—						21.7						—
Other			0.2						—						—
Provision for income taxes			49.8		%				44.2		%				(59.6)		%

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			2021						2020						2019
Balance at beginning of year			$	31,540					$	35,676					$	39,909
Gross increases—tax positions in prior years			2,266						1,241						6,639
Gross decreases—tax positions in prior years			(3,016)						(4,281)						(4)
Gross increases—tax positions in current year			1,120						857						184
Settlements			(630)						—						(1,901)
Lapse in statute of limitations			(1,188)						(2,255)						(8,912)
Change due to currency revaluation			(259)						302						(239)
Balance at end of year			$	29,833					$	31,540					$	35,676

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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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