Income Taxes (Tables)

12 Months Ended

Dec. 29, 2013

Schedule of Total Income Tax Provision (Benefit) Allocation

Total income tax provision (benefit) was allocated as follows:

	Year Ended
	December 29, 2013		December 30, 2012			December 25, 2011
	(In millions)
Income tax provision (benefit) attributable to income before income taxes	$	6.2	$	(0.9	)	$	12.2
Other comprehensive income		—		—			—
	$	6.2	$	(0.9	)	$	12.2

Schedule of Income (Loss) Before Income Taxes

Income before income taxes for the years ended December 29, 2013, December 30, 2012, and December 25, 2011 consisted of the following:

	Year Ended
	December 29, 2013			December 30, 2012		December 25, 2011
	(In millions)
Income (loss) before income taxes:
U.S.	$	18.1		$	6.2	$	44.7
Foreign		(6.9	)		17.5		113.0
	$	11.2		$	23.7	$	157.7

Schedule of Income Tax Provision (Benefit)

Income tax provision (benefit) for the years ended December 29, 2013, December 30, 2012, and December 25, 2011 consisted of the following:

	Year Ended
	December 29, 2013			December 30, 2012			December 25, 2011
	(In millions)
Income tax provision (benefit):
Current:
U.S. federal	$	—		$	—		$	0.1
U.S. state and local		0.1			(0.2	)		0.1
Foreign		10.9			9.4			24.5
		11.0			9.2			24.7
Deferred:
U.S. federal		2.0			1.9			1.8
U.S. state and local		(0.3	)		0.2			(1.4	)
Foreign		(6.5	)		(12.2	)		(12.9	)
		(4.8	)		(10.1	)		(12.5	)
Total income tax provision (benefit):
U.S. federal		2.1			1.9			1.9
U.S. state and local		(0.3	)		—			(1.3	)
Foreign		4.4			(2.8	)		11.6
	$	6.2		$	(0.9	)	$	12.2

Schedule of Effective Income Tax Rate

The reconciliation between the income tax rate computed by applying the U.S. federal statutory rate and the reported worldwide effective tax rate on net income before income taxes is as follows:

	Year Ended
	December 29, 2013			December 30, 2012			December 25, 2011
U.S. federal statutory rate		35.0	%		35.0	%		35.0	%
U.S. state and local taxes, net of federal benefit		(1.5	)		(2.4	)		2.9
Foreign tax rate differential		77.3			(15.1	)		(13.5	)
Tax credits		(34.8	)		(9.3	)		(3.8	)
Foreign withholding taxes		(17.5	)		1.5			(0.1	)
Non-deductible expenses		45.5			28.5			0.2
Change in valuation allowance		(62.4	)		(6.4	)		(13.0	)
Foreign exchange differences		(7.9	)		(22.4	)		—
Deferred Change		7.0			(13.2	)		—
Tax Rate Changes		14.7			—			—
		55.4	%		(3.8	%)		7.7	%

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences in the recognition of income and expense for tax and financial reporting purposes that give rise to significant portions of the deferred tax assets and the deferred tax liabilities at December 29, 2013 and December 30, 2012 are presented below:

	December 29, 2013			December 30, 2012
	(In millions)
Deferred tax assets:
Net operating loss carryforwards	$	50.4		$	51.3
Reserves and accruals		37.6			39.0
Tax credit and capital allowance carryovers		88.2			87.4
Plant and equipment		1.4			—
Unrealized loss in other comprehensive income		—			—
Total gross deferred tax assets		177.6			177.7
Valuation allowance		(147.6	)		(154.5	)
Net deferred tax assets		30.0			23.2
Deferred tax liabilities:
Plant and equipment		—			(0.4	)
Unrealized gain in other comprehensive income		(1.7	)		(2.7	)
Capitalized research expenses and intangibles		(6.5	)		(3.1	)
Total deferred tax liabilities		(8.2	)		(6.2	)
Net deferred tax assets (liabilities)	$	21.8		$	17.0

Schedule of Net Deferred Tax Assets (Liabilities) by Jurisdiction

Net deferred tax assets (liabilities) by jurisdiction are as follows:

	December 29,			December 30,
	2013			2012
	(In millions)
U.S.	$	(27.7	)	$	(25.9	)
Europe		1.2			1.1
Japan		0.5			0.5
China		14.1			9.9
Hong Kong		1.9			1.5
Malaysia		—			(1.3	)
Singapore		0.1			0.2
Korea		31.2			30.2
Taiwan		0.5			0.3
Foreign—other		—			0.5
Net deferred tax assets (liabilities)	$	21.8		$	17.0

Schedule of Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in millions):

	Year Ended
	December 29, 2013		December 30, 2012		December 25, 2011
Beginning Balance	$	58.6	$	58.4	$	56.5
Increases related to prior year tax positions		0.3		0.2		—
Decreases related to prior year tax positions		—		—		(0.9	)
Increases related to current year tax positions		—		—		2.8
Settlements		—		—		—
Ending Balance	$	58.9	$	58.6	$	58.4