Income Taxes (Table)

12 Months Ended

Sep. 28, 2013

Income Taxes [Abstract]

Components Of Income Before Income Taxes

The components of income before income taxes for the fiscal years ended September 28, 2013,
September 29, 2012, and October 1, 2011 were as follows:
		2013		2012		2011
		(expressed in thousands)
Income before income taxes:
Domestic	$	49,921	$	45,152	$	35,243
Foreign		29,333		34,628		38,062
Total	$	79,254	$	79,780	$	73,305

Provision For Income Taxes

The provision for income taxes for the fiscal years ended September 28, 2013, September 29, 2012,
and October 1, 2011 was as follows:
		2013		2012		2011
		(expressed in thousands)
Current provision (benefit):
Federal	$	13,241	$	16,834	$	5,855
State		781		1,058		553
Foreign		8,618		11,575		10,627
Deferred		(1,192)		(1,243)		5,328
Total provision	$	21,448	$	28,224	$	22,363

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

A reconciliation from the federal statutory income tax rate to the Company’s effective income tax rate for the fiscal
years ended September 28, 2013, September 29, 2012, and October 1, 2011 is as follows:
	2013		2012		2011
United States federal statutory income tax rate	35	%	35	%	35	%
Impact from foreign operations	(1)		(2)		(2)
State income taxes, net of federal benefit	1		1		1
Research and development tax credits	(5)		(1)		(3)
Domestic production activities deduction	(2)		(2)		(1)
Reversal of valuation allowances against deferred tax assets	-		(1)		-
Nondeductible expense to settle U.S. Government investigation	-		4		-
Nondeductible stock option expense and other permanent items	(1)		1		1
Effective income tax rate	27	%	35	%	31	%

Summary Of The Deferred Tax Assets And Liabilities

A summary of the deferred tax assets and liabilities for the fiscal years ended September 28, 2013 and
September 29, 2012 is as follows:
		2013		2012
		(expressed in thousands)
Deferred Tax Assets:
Accrued compensation and benefits	$	8,826	$	7,994
Inventory reserves		4,264		3,223
Intangible and other assets		3,081		2,754
Allowance for doubtful accounts		380		458
Foreign net operating loss carryovers		376		470
Unrealized derivative instrument losses		-		255
Other		320		533
Total deferred tax asset before valuation allowance		17,247		15,687
Less valuation allowance		(105)		(180)
Total Deferred Tax Assets	$	17,142	$	15,507
Deferred Tax Liabilities:
Property and equipment	$	10,222	$	10,680
Foreign deferred revenue and other		3,246		2,590
Unrealized derivative instrument gains		670		-
Total Deferred Tax Liabilities	$	14,138	$	13,270
Net Deferred Tax Assets	$	3,004	$	2,237

Summary Of Changes In Liability For Unrecognized Tax Benefits

		2013		2012
	(expressed in thousands)
Beginning balance	$	1,666	$	5,106
Increase due to tax positions related to the current year		913		343
Increase (decrease) due to tax positions related to prior years		1,726		(1,398)
Decrease due to lapse of statute of limitations		-		(2,389)
Exchange rate change		6		4
Ending balance	$	4,311	$	1,666