XML 56 R41.htm IDEA: XBRL DOCUMENT
v3.22.4

Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 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 | 2022 |  | 2021
Deferred income tax assets: |  |  |
Inventory | $ | 2,985 |  |  | $ | 3,348 |
Compensation | 7,936 |  |  | 12,977 |
Property, plant and equipment | 2,120 |  |  | 319 |
Trade names and customer lists | 3,819 |  |  | 4,243 |
Goodwill | 8,867 |  |  | 11,096 |
Foreign accruals | 4,538 |  |  | 11,446 |
Loss carryforwards | 79,130 |  |  | 57,264 |
Tax credit carryforwards | 5,717 |  |  | 5,715 |
Capitalized research and development | 6,066 |  |  | 3,734 |
Interest disallowance | 12,701 |  |  | 8,977 |
Lease liabilities | 47,354 |  |  | 53,626 |
Other | 15,862 |  |  | 15,302 |
Deferred income tax assets total | $ | 197,095 |  |  | $ | 188,047 |
Deferred income tax liabilities: |  |  |
Right-of-use assets | (36,821) |  |  | (40,451) |
Other | (281) |  |  | (594) |
Deferred income tax liabilities total | $ | (37,102) |  |  | $ | (41,045) |
Valuation allowance | (143,347) |  |  | (122,953) |
Net deferred income tax assets | $ | 16,646 |  |  | $ | 24,049 |
Net deferred income tax assets | $ | 17,262 |  |  | $ | 24,553 |
Net deferred income tax liabilities | (616) |  |  | (504) |
Net deferred income tax assets | $ | 16,646 |  |  | $ | 24,049 |
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 2023 through 2027 | $ | 41,156 |
Expires 2028 through 2032 | 50,150 |
Expires 2033 through 2037 | 32,664 |
Expires 2038 through 2042 | 82,155 |
Indefinite | 39,605 |
Total loss carryforwards | $ | 245,730 |
The state apportioned amounts and the fiscal year of expiration of the loss carryforwards are (in thousands):
Expires 2023 through 2027 | $ | 6,328 |
Expires 2028 through 2032 | 24,326 |
Expires 2033 through 2037 | 44,635 |
Expires 2038 through 2042 | 87,718 |
Indefinite | 41,450 |
Total loss carryforwards | $ | 204,457 |
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 | 2022 |  | 2021 |  | 2020
U.S. | $ | (43,927) |  |  | $ | (32,423) |  |  | $ | (163,331) |
Non-U.S. | 21,801 |  |  | 85,474 |  |  | (8,652) |
Total | $ | (22,126) |  |  | $ | 53,051 |  |  | $ | (171,983) |
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 | 2022 |  | 2021 |  | 2020
Current provision: |  |  |  |  |
U.S. federal | $ | 5,901 |  |  | $ | 1,714 |  |  | $ | (96,224) |
Non-U.S | 9,944 |  |  | 17,027 |  |  | 16,522 |
State and local | (98) |  |  | (274) |  |  | (681) |
Total current | 15,747 |  |  | 18,467 |  |  | (80,383) |
Deferred provision (benefit): |  |  |  |  |
U.S. federal | — |  |  | — |  |  | — |
Non-U.S | 5,653 |  |  | 7,960 |  |  | 4,340 |
State and local | — |  |  | — |  |  | — |
Total deferred | 5,653 |  |  | 7,960 |  |  | 4,340 |
Provision for income taxes | $ | 21,400 |  |  | $ | 26,427 |  |  | $ | (76,043) |
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 | 2022 |  | 2021 |  | 2020
Tax at statutory rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Permanent differences | (4.9) |  |  | (2.5) |  |  | (5.5) |
State, net of federal tax benefit | 8.6 |  |  | (2.0) |  |  | (0.1) |
Foreign rate differential | 21.5 |  |  | (3.8) |  |  | 1.2 |
Withholding taxes | (19.3) |  |  | 7.5 |  |  | (1.2) |
GILTI tax-net of foreign tax credits | — |  |  | 5.7 |  |  | 2.1 |
U.S. tax on foreign income-net of foreign tax credits | — |  |  | — |  |  | 3.9 |
Income tax contingencies | (4.8) |  |  | 3.9 |  |  | 1.6 |
Valuation allowances | (110.6) |  |  | 31.9 |  |  | (0.4) |
R&D/Foreign Tax Credits | — |  |  | (5.6) |  |  | — |
Deficiencies (Benefits) on employee stock awards | (2.7) |  |  | (0.3) |  |  | (1.4) |
APB23 Assertion | 0.6 |  |  | (6.9) |  |  | — |
Return to provision true-up | 4.8 |  |  | — |  |  | — |
Non deductible foreign equity awards | (2.0) |  |  | 0.8 |  |  | (0.4) |
Non deductible officer compensation | (3.4) |  |  | 1.0 |  |  | 0.7 |
CARES Act Rate Benefit | — |  |  | — |  |  | 21.7 |
Foreign currency hedges | 1.2 |  |  | 0.7 |  |  | — |
Adjustments related to intercompany | (5.9) |  |  | 0.4 |  |  | 1.0 |
Other | (0.8) |  |  | (2.0) |  |  | — |
Provision for income taxes | (96.7) | % |  | 49.8 | % |  | 44.2 | %
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 | 2022 |  | 2021 |  | 2020
Balance at beginning of year | $ | 29,833 |  |  | $ | 31,540 |  |  | $ | 35,676 |
Gross increases—tax positions in prior years | 1,069 |  |  | 2,266 |  |  | 1,241 |
Gross decreases—tax positions in prior years | (1,395) |  |  | (3,016) |  |  | (4,281) |
Gross increases—tax positions in current year | 1,275 |  |  | 1,120 |  |  | 857 |
Settlements | (5,350) |  |  | (630) |  |  | — |
Lapse in statute of limitations | (171) |  |  | (1,188) |  |  | (2,255) |
Change due to currency revaluation | (1,263) |  |  | (259) |  |  | 302 |
Balance at end of year | $ | 23,998 |  |  | $ | 29,833 |  |  | $ | 31,540 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI https://asc.fasb.org/extlink&oid=126976462&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI https://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32559-109319 + Details
Name: | us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration