Income Taxes (Tables)

12 Months Ended

Sep. 28, 2019

Income Tax Disclosure [Abstract]

Schedule of Domestic and Foreign Components of Income (Loss) Before Income Taxes

The domestic and foreign components of income (loss) before income tax expense for fiscal 2019, 2018 and 2017 were as follows (in thousands): 

	2019			2018			2017
U.S. (1)	$	(42,806	)	$	(53,243	)	$	(35,209	)
Foreign (1)	168,761			160,853			157,032
	$	125,955		$	107,610		$	121,823

(1) The U.S. and Foreign components of income (loss) before income tax expense include the elimination of intercompany foreign dividends paid to the Company's U.S. operations.

Schedule of Income Tax Expense (Benefit)

Income tax expense (benefit) for fiscal 2019, 2018 and 2017 were as follows (in thousands): 

	2019			2018			2017
Current:
Federal	$	15,160		$	63,814		$	78
State	—			234			33
Foreign	11,943			10,134			10,016
	27,103			74,182			10,127
Deferred:
Federal	(3,498		)	(2,958		)	77
State	827			(447		)	38
Foreign	(7,093		)	23,793			(481		)
	(9,764		)	20,388			(366		)
	$	17,339		$	94,570		$	9,761

Schedule of Reconciliation of Federal Statutory Income Tax Rate to Effective Income Tax Rates

The following is a reconciliation of the federal statutory income tax rate to the effective income tax rates reflected in the Consolidated Statements of Comprehensive Income for fiscal 2019, 2018 and 2017: 

	2019		2018		2017
Federal statutory income tax rate	21.0	%	24.5	%	35.0	%
Increase (decrease) resulting from:
Foreign tax rate differences	(21.0	)	(30.2	)	(39.9	)
Withholding tax on dividends	(5.4	)	23.7		—
Permanent differences	(1.3	)	0.8		3.0
Excess tax benefits related to share-based compensation	(1.3	)	(2.7	)	(2.0	)
Global intangible low-taxed income ("GILTI")	11.7		—		—
Deemed repatriation tax	5.6		92.2		—
Non-deductible compensation	1.5		0.2		0.2
Valuation allowances	1.5		(30.6	)	12.2
Rate changes	—		9.0		—
Other, net	1.5		1.0		(0.5	)
Effective income tax rate	13.8	%	87.9	%	8.0	%

Schedule of Components of Net Deferred Income Tax Assets (Liabilities)

The components of the net deferred income tax assets as of September 28, 2019 and September 29, 2018, were as follows (in thousands):

	2019			2018
Deferred income tax assets:
Loss/credit carryforwards	$	28,391		$	27,915
Inventories	16,809			6,459
Accrued benefits	15,834			14,459
Other	3,353			3,450
Total gross deferred income tax assets	64,387			52,283
Less valuation allowances	(29,170		)	(28,369		)
Deferred income tax assets	35,217			23,914
Deferred income tax liabilities:
Property, plant and equipment	15,621			12,530
Tax on unremitted earnings	5,192			14,935
Acceleration of revenue under Topic 606	6,055			—
Deferred income tax liabilities	26,868			27,465
Net deferred income tax assets/(liabilities)	$	8,349		$	(3,551	)

Schedule of Reconciliation of Beginning And Ending Amounts of Unrecognized Income Tax Benefits

The following is a reconciliation of the beginning and ending amounts of unrecognized income tax benefits (in thousands):

	2019			2018			2017
Balance at beginning of fiscal year	$	5,841		$	3,115		$	2,799
Gross increases for tax positions of prior years	62			21			184
Gross increases for tax positions of the current year	39			2,893			163
Gross decreases for tax positions of prior years	(3,672		)	(188		)	(31		)
Balance at end of fiscal year	$	2,270		$	5,841		$	3,115

Schedule of Years That Remain Subject to Examination by Major Tax Jurisdictions

The Company files income tax returns, including returns for its subsidiaries, with federal, state, local and foreign taxing jurisdictions. The following tax years remain subject to examination by the respective major tax jurisdictions:

Jurisdiction	Fiscal Years
China	2014-2019
Germany	2014-2019
Malaysia	2015-2019
Mexico	2014-2019
Romania	2013-2019
United Kingdom	2016-2019
United States
Federal	2011, 2013-2019
State	2003-2006, 2009-2019