Income Taxes (Tables)

12 Months Ended

Oct. 01, 2016

Income Tax Disclosure [Abstract]

Components Of Income Before Income Taxes

The components of income before income taxes for fiscal years 2016, 2015 and 2014 were as follows:

(in thousands)	2016		2015		2014
Domestic	$	5,345	$	31,827	$	32,867
Foreign	28,167		27,345		25,576
Total income before income taxes	$	33,512	$	59,172	$	58,443

Provision For Income Taxes

The provision for income taxes for fiscal years 2016, 2015 and 2014 were as follows:

(in thousands)	2016			2015		2014
Current
Federal	$	3,169		$	4,588	$	7,503
State	138			527		842
Foreign	6,712			8,025		13,056
Deferred	(4,001		)	570		(4,967		)
Total provision for income taxes	$	6,018		$	13,710	$	16,434

Reconciliation From The Federal Statutory Income Tax Rate To The Effective Income Tax Rate

A reconciliation from the federal statutory income tax rate to our effective income tax rate for fiscal years 2016, 2015 and 2014 is as follows:

(in thousands)	2016		2015		2014
United States federal statutory income tax rate	35	%	35	%	35	%
Impact from foreign operations	(5	)	(4	)	(1	)
State income taxes, net of federal benefit	—		1		1
Research and development tax credits	(16	)	(8	)	(5	)
Domestic production activities deduction	(2	)	(2	)	(2	)
Foreign tax credits	—		—		(2	)
Nondeductible acquisition costs	5		—		—
Nondeductible stock option expense and other permanent items	1		1		2
Effective income tax rate	18	%	23	%	28	%

Summary Of The Deferred Tax Assets And Liabilities

A summary of the deferred tax assets and liabilities for fiscal years 2016 and 2015 are as follows:

(in thousands)	2016			2015
Deferred tax assets
Accrued compensation and benefits	$	15,888		$	11,723
Inventory reserves	6,128			5,198
Other assets	4,685			4,389
Allowance for doubtful accounts	1,488			866
Net operating loss carryovers	140			84
State and foreign tax credit carryovers	1,249			—
Research and development tax credit carryovers	1,540			993
Unrealized derivative instrument gains	185			—
Total deferred tax asset before valuation allowance	31,303			23,253
Less valuation allowance	(3,009		)	(921		)
Total deferred tax assets	$	28,294		$	22,332
Deferred tax liabilities
Property and equipment	$	15,128		$	9,775
Foreign deferred revenue and other	3,320			1,738
Intangible assets	90,450			1,303
Unrealized derivative instrument gains	—			1,199
Total deferred tax liabilities	$	108,898		$	14,015
Net deferred tax assets (liabilities)	$	(80,604	)	$	8,317

Summary Of Changes In Liability For Unrecognized Tax Benefits

A summary of changes to our liability for unrecognized tax benefits for the fiscal years ended October 1, 2016 and October 3, 2015 is as follows:  

(in thousands)	2016			2015
Beginning balance	$	5,649		$	5,990
Increase due to tax positions related to the current year	269			1,631
Increase (decrease) due to tax positions related to prior years	500			(1,596		)
Decrease due to settlements with tax authorities	—			(332		)
Decrease due to lapse of statute of limitations	(186		)	(43		)
Exchange rate change	—			(1		)
Ending balance	$	6,232		$	5,649