INCOME TAXES (Tables)

12 Months Ended

Mar. 30, 2019

Schedule Domestic and Foreign Income Before Provision for Income Tax

Domestic and foreign income before provision for income tax is as follows:



(In thousands)	2019		2018		2017
Domestic	$	26,665	$	3,534	$	(44,724	)
Foreign	46,968		56,098		17,248
Total	$	73,633	$	59,632	$	(27,476	)

Schedule of Income Tax Provision Components

The income tax provision from continuing operations contains the following components:



(In thousands)	2019			2018			2017
Current
Federal	$	(4,165	)	$	9,927		$	(1,424	)
State	844			1,024			436
Foreign	8,584			8,937			6,580
Total current	$	5,263		$	19,888		$	5,592
Deferred
Federal	12,220			(5,350		)	(8,711		)
State	463			344			(953		)
Foreign	668			(822		)	2,864
Total deferred	$	13,351		$	(5,828	)	$	(6,800	)
Total	$	18,614		$	14,060		$	(1,208	)

Schedule of Net Deferred Tax Asset

Tax affected, significant temporary differences comprising the net deferred tax liability are as follows:



(In thousands)	March 30, 2019			March 31, 2018
Deferred tax assets:
Depreciation	$	2,277		$	1,345
Amortization of intangibles	1,091			964
Inventory	3,541			3,183
Accruals, reserves and other deferred tax assets	15,802			16,939
Net operating loss carry-forward	4,931			10,810
Stock based compensation	3,728			3,292
Tax credit carry-forward, net	4,176			3,479
Gross deferred tax assets	35,546			40,012
Less valuation allowance	(11,322		)	(11,090		)
Total deferred tax assets (after valuation allowance)	24,224			28,922
Deferred tax liabilities:
Depreciation	(23,102		)	(17,732		)
Amortization of goodwill and intangibles	(13,959		)	(11,942		)
Unremitted earnings	(801		)	(274		)
Other deferred tax liabilities	(1,909		)	(1,539		)
Total deferred tax liabilities	(39,771		)	(31,487		)
Net deferred tax liabilities	$	(15,547	)	$	(2,565	)

Schedule of Effective Income Tax Rate Reconciliation



(In thousands)	2019					2018					2017
Tax at federal statutory rate	$	15,463		21.0	%	$	18,807		31.5	%	$	(9,616	)	35.0	%
Difference between U.S. and foreign tax	(1,423		)	(1.9	)%	(9,264		)	(15.5	)%	137			(0.5	)%
State income taxes net of federal benefit	902			1.2	%	29			—	%	(495		)	1.8	%
Change in uncertain tax positions	267			0.4	%	1,095			1.8	%	862			(3.1	)%
Global intangible low taxed income	5,954			8.1	%	—			—	%	—			—	%
Unremitted earnings	527			0.7	%	(791		)	(1.3	)%	330			(1.2	)%
Deferred statutory rate changes	1,183			1.6	%	(3,193		)	(5.4	)%	(383		)	1.4	%
Non-deductible goodwill impairment	—			—	%	—			—	%	3,703			(13.5	)%
Non-deductible executive compensation	1,588			2.2	%	221			0.4	%	40			(0.1	)%
Non-deductible other	462			0.6	%	22			—	%	856			(3.1	)%
Stock compensation benefits	(5,382		)	(7.3	)%	(2,544		)	(4.3	)%	—			—	%
Research credits	(768		)	(1.0	)%	(763		)	(1.3	)%	(561		)	2.0	%
One-time transition tax from tax reform	26			—	%	25,798			43.3	%	—			—	%
Tax amortization of goodwill	—			—	%	—			—	%	(10,564		)	38.4	%
Valuation allowance	(184		)	(0.3	)%	(15,541		)	(25.9	)%	13,505			(49.2	)%
Other, net	(1		)	—	%	184			0.3	%	978			(3.5	)%
Income tax provision (benefit)	$	18,614		25.3	%	$	14,060		23.6	%	$	(1,208	)	4.4	%

Summary of Gross Unrecognized Tax Benefits

The following table summarizes the activity related to its gross unrecognized tax benefits for the fiscal years ended March 30, 2019, March 31, 2018 and April 1, 2017:



(In thousands)	March 30, 2019			March 31, 2018			April 1, 2017
Beginning Balance	$	4,450		$	3,370		$	2,523
Additions for tax positions of current year	282			289			—
Additions for tax positions of prior years	—			1,203			1,279
Reductions of tax positions	(52		)	(252		)	(29		)
Closure of statute of limitations	(23		)	(160		)	(403		)
Ending Balance	$	4,657		$	4,450		$	3,370