Note 8 - Income Taxes (Tables)

12 Months Ended

Dec. 29, 2018

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

(in thousands)	2018			2017			2016
Current:
U.S. Federal	$	-		$	12		$	11
U.S. State		51			18			8
Foreign		8,787			6,005			3,793
Total current		8,838			6,035			3,812
Deferred:
U.S. Federal		56			(3,451	)		91
U.S. State		-			(481	)		47
Foreign		(8,263	)		141			(1,203	)
Total deferred		(8,207	)		(3,791	)		(1,065	)
	$	631		$	2,244		$	2,747

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

(in thousands)	2018			2017		2016
U.S.	$	(42,682	)	$	1,430	$	(13,420	)
Foreign		10,770			33,935		19,427
Total	$	(31,912	)	$	35,365	$	6,007

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

(in thousands)	2018			2017
Deferred tax assets:
Inventory, receivable and warranty reserves	$	12,560		$	3,417
Net operating loss carryforwards		65,587			7,467
Tax credit carryforwards		34,251			14,724
Accrued employee benefits		5,134			4,796
Deferred profit and gain on facility sale		3,032			3,617
Stock-based compensation		2,108			1,897
Acquisition basis differences		1,158			1,606
Other		3,637			208
Gross deferred tax assets		127,467			37,732
Less valuation allowance		(84,718	)		(31,491	)
Total deferred tax assets		42,749			6,241
Deferred tax liabilities:
Depreciation and fixed asset related		3,156			120
Intangible assets and other acquisition basis differences		70,415			5,518
Unremitted earnings of foreign subsidiaries		5,257			2,002
Other		-			437
Total deferred tax liabilities		78,828			8,077
Net deferred tax liabilities	$	(36,079	)	$	(1,836	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

(in thousands)	2018			2017			2016
Tax provision at U.S. 21% statutory rate (35% in 2017 & 2016)	$	(6,702	)	$	12,378		$	2,102
Impact of Tax Act, before reduction in valuation allowance		5,095			12,397			-
State income taxes, net of federal tax benefit		(663	)		56			168
Settlements, adjustments and releases from statute expirations		(783	)		(1,731	)		(312	)
Federal tax credits		(864	)		(371	)		(183	)
Stock-based compensation		(838	)		(2,801	)		168
Executive compensation limited by Section 162(m)		3,456			246			-
Change in valuation allowance		(2,015	)		(13,484	)		2,430
Non-deductible transaction related costs		1,106			331			463
GILTI		3,531			-			-
Foreign rate differential		(435	)		(4,866	)		(2,378	)
Other, net		(257	)		89			289
	$	631		$	2,244		$	2,747

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

(in thousands)	2018			2017			2016
Balance at beginning of year	$	10,321		$	10,075		$	10,444
Gross additions for tax positions of current year		524			200			125
Gross additions for tax positions of prior years		191			58			58
Reductions due to lapse of the statute of limitations		(645	)		(1,148	)		(446	)
Gross additions related to Xcerra and Kita acquisitions		24,352			900			-
Foreign exchange rate impact		(42	)		236			(106	)
Balance at end of year	$	34,701		$	10,321		$	10,075