XML 46 R32.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Income Taxes (Tables) | 12 Months Ended
--- | ---
Jan. 02, 2016
Valuation and Qualifying Accounts Disclosure [Line Items] |
Components of income tax expense | The components of income tax expense were as follows:
| Fiscal Year Ended
| January 2, 2016 |  | December 27, 2014 |  | December 28, 2013
| (In thousands)
Current |  |  |  |  |
Federal | $ | 20,033 |  |  | $ | 15,128 |  |  | $ | 6,363 |
State | 972 |  |  | 129 |  |  | 1,124 |
Foreign | 121 |  |  | 91 |  |  | 41 |
Total current tax provision | 21,126 |  |  | 15,348 |  |  | 7,528 |
Deferred |  |  |  |  |
Federal | (1,657 | ) |  | 1,268 |  |  | (2,026 | )
State | (628 | ) |  | (2,010 | ) |  | (728 | )
Total deferred tax provision | (2,285 | ) |  | (742 | ) |  | (2,754 | )
Total income tax provision | $ | 18,841 |  |  | $ | 14,606 |  |  | $ | 4,774 |
Components of net deferred tax assets | The components of net deferred tax assets were as follows:
| January 2, 2016 |  | December 27, 2014
| (In thousands)
Net deferred tax assets |  |  |
Current deferred tax assets |  |  |
Reserves and accruals | $ | — |  |  | $ | 18,568 |
Stock-based compensation | — |  |  | 767 |
Net operating loss carryforwards | — |  |  | 2,470 |
Foreign tax credits | — |  |  | 148 |
Total current deferred tax assets | — |  |  | 21,953 |
Non-current deferred tax assets |  |  |
Reserves and accruals | 21,544 |  |  | 586 |
Tax credits | 6,114 |  |  | 5,927 |
Property and equipment | 1,308 |  |  | 178 |
Stock-based compensation | 5,962 |  |  | 5,011 |
Net operating loss carryforwards | 3,606 |  |  | 3,879 |
Total non-current deferred tax assets | 38,534 |  |  | 15,581 |
Current deferred tax liabilities |  |  |
Prepaids | — |  |  | 448 |
Total current deferred tax liabilities | — |  |  | 448 |
Non-current deferred tax liabilities |  |  |
Prepaids | 623 |  |  | — |
Intangible assets | 6,190 |  |  | 7,172 |
Total non-current deferred tax liabilities | 6,813 |  |  | 7,172 |
Total net deferred tax assets | $ | 31,721 |  |  | $ | 29,914 |
Valuation allowance deferred tax assets | The table below summarizes activity relating to the valuation allowance:
Fiscal Year Ended | Balance at beginning of period |  | Additions Charged to Costs and Expenses |  | Additions Charged to Goodwill |  | Deductions |  | Balance at End of Period
| (In thousands)
December 28, 2013 | $ | 2,691 |  |  | — |  |  | — |  |  | 601 |  |  | $ | 2,090 |
December 27, 2014 | $ | 2,090 |  |  | — |  |  | — |  |  | 2,090 |  |  | $ | — |
January 2, 2016 | $ | — |  |  | — |  |  | — |  |  | — |  |  | $ | — |
Reconciliation of the expected tax (benefit) expense | The reconciliation of the expected tax (benefit) expense (computed by applying the federal statutory rate to income before income taxes) to actual tax expense was as follows:
| Fiscal Year Ended
| January 2, 2016 |  | December 27, 2014 |  | December 28, 2013
| (In thousands)
Expected federal income tax | $ | 22,040 |  |  | $ | 18,344 |  |  | $ | 11,345 |
Miscellaneous permanent items | 608 |  |  | 691 |  |  | 405 |
State taxes (net of federal benefit) | 982 |  |  | 1,058 |  |  | 867 |
Federal and state credits | (2,767 | ) |  | (1,487 | ) |  | (3,909 | )
Change in valuation allowance | — |  |  | (2,090 | ) |  | — |
Domestic production activities deduction | (2,145 | ) |  | (1,562 | ) |  | (1,168 | )
Settlement of uncertain tax positions | (194 | ) |  | (176 | ) |  | (2,696 | )
Other | 317 |  |  | (172 | ) |  | (70 | )
| $ | 18,841 |  |  | $ | 14,606 |  |  | $ | 4,774 |
Schedule of adjustments to uncertain tax position | A summary of the Company’s adjustments to its gross unrecognized tax benefits in the current year is as follows:
| Fiscal Year Ended
| January 2, 2016 |  | December 27, 2014 |  | December 28, 2013
| (in thousands)
Balance at beginning of period | $ | 2,491 |  |  | $ | 2,618 |  |  | $ | 4,469 |
Increase for tax positions related to the current year | 786 |  |  | 252 |  |  | 355 |
Increase (decrease) for tax positions related to prior years | 3,533 |  |  | (108 | ) |  | 490 |
Decreases for settlements with applicable taxing authorities | — |  |  | (271 | ) |  | (2,696 | )
Decreases for lapses of statute of limitations | (194 | ) |  | — |  |  | — |
Balance at end of period | $ | 6,616 |  |  | $ | 2,491 |  |  | $ | 2,618 |

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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=32707879&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for any allowance and reserve accounts (their beginning and ending balances, as well as a reconciliation by type of activity during the period). Alternatively, disclosure of the required information may be within the footnotes to the financial statements or a supplemental schedule to the financial statements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24092-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 09 -Article 12 + Details
Name: | us-gaap_ScheduleOfValuationAndQualifyingAccountsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_ValuationAndQualifyingAccountsDisclosureLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration