Note 9 - Income Taxes (Tables)

12 Months Ended

Dec. 26, 2020

Notes Tables

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

(in thousands)	2020			2019			2018
Current:
U.S. Federal	$	-		$	-		$	-
U.S. State		21			130			51
Foreign		5,950			2,173			8,787
Total current		5,971			2,303			8,838
Deferred:
U.S. Federal		8			98			56
U.S. State		-			1			-
Foreign		(5,313	)		(5,484	)		(8,263	)
Total deferred		(5,305	)		(5,385	)		(8,207	)
	$	666		$	(3,082	)	$	631

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

(in thousands)	2020			2019			2018
U.S.	$	(25,005	)	$	(72,669	)	$	(42,682	)
Foreign		11,828			592			10,770
Total	$	(13,177	)	$	(72,077	)	$	(31,912	)

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

(in thousands)	2020			2019
Deferred tax assets:
Inventory, receivable and warranty reserves	$	11,720		$	11,235
Net operating loss carryforwards		56,777			69,092
Tax credit carryforwards		37,393			36,489
Accrued employee benefits		5,306			4,274
Stock-based compensation		2,210			2,372
Lease liabilities		5,146			5,804
Other		4,221			9,390
Gross deferred tax assets		122,773			138,656
Less valuation allowance		(86,124	)		(93,494	)
Total deferred tax assets		36,649			45,162
Deferred tax liabilities:
Intangible assets and other acquisition basis differences		52,012			63,866
Operating lease right-of-use assets		4,706			5,258
Unremitted earnings of foreign subsidiaries		3,119			2,462
Total deferred tax liabilities		59,837			71,586
Net deferred tax liabilities	$	(23,188	)	$	(26,424	)

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

(in thousands)	2020			2019			2018
Tax provision at U.S. 21% statutory rate	$	(2,757	)	$	(15,136	)	$	(6,702	)
Impact of Tax Act, before reduction in valuation allowance		-			-			5,095
State income taxes, net of federal tax benefit		(1,160	)		(1,097	)		(663	)
Settlements, adjustments and releases from statute expirations		(118	)		(1,204	)		(783	)
Federal tax credits		(46	)		(1,458	)		(864	)
Stock-based compensation		727			587			(838	)
Executive compensation limited by Section 162(m)		491			190			3,456
Change in valuation allowance		(1,691	)		11,270			(2,015	)
Non-deductible transaction related costs		-			-			1,106
Deemed dividend		1,224			1,453			470
GILTI		4,191			2,480			3,531
Foreign rate differential		(1,512	)		(1,266	)		(904	)
Other, net		1,317			1,099			(258	)
	$	666		$	(3,082	)	$	631

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

(in thousands)	2020			2019			2018
Balance at beginning of year	$	34,740		$	34,873		$	10,321
Additions for tax positions of current year		817			1,231			524
Additions (reductions) for tax positions of prior years		(425	)		(484	)		191
Reductions due to lapse of the statute of limitations		(304	)		(957	)		(645	)
Additions related to Xcerra acquisition		-			-			24,524
Reductions due to settlements		(1,134	)		(30	)		-
Foreign exchange rate impact		2			107			(42	)
Balance at end of year	$	33,696		$	34,740		$	34,873