Income Taxes (Tables)

12 Months Ended

Oct. 02, 2022

Income Tax Disclosure [Abstract]

Schedule of income before income taxes, by geographical area

Income before income taxes, by geographic area, was as follows:

	Fiscal Year Ended
	October 2, 2022		October 3, 2021		September 27, 2020
	(in thousands)
Income before income taxes:
United States	$	262,428	$	211,222	$	209,443
Foreign	86,338		55,648		18,548
Total income before income taxes	$	348,766	$	266,870	$	227,991

Schedule of components of income tax expense

Income tax expense consisted of the following:

	Fiscal Year Ended
	October 2, 2022		October 3, 2021		September 27, 2020
			(in thousands)
Current:
Federal	$	47,447	$	41,056	$	24,102
State	9,613		9,893		6,872
Foreign	26,332		18,887		20,398
Total current income tax expense	83,392		69,836		51,372
Deferred:
Federal	(424)		(6,034)		2,187
State	(382)		(2,060)		870
Foreign	3,016		(27,703)		(328)
Total deferred income tax expense (benefit)	2,210		(35,797)		2,729
Total income tax expense	$	85,602	$	34,039	$	54,101

Schedule of reconciliation of income tax rate

Total income tax expense was different from the amount computed by applying the U.S. federal statutory rate to pre-tax income as follows:

	Fiscal Year Ended
	October 2, 2022	October 3, 2021	September 27, 2020
Tax at federal statutory rate	21.0%	21.0%	21.0%
State taxes, net of federal benefit	2.1	2.3	2.7
Research and Development ("R&D") credits	(1.0)	(2.6)	(2.2)
Tax differential on foreign earnings	1.0	0.9	0.7
Non-taxable foreign interest income	—	(1.0)	(1.1)
Goodwill	—	—	1.5
Stock compensation	(2.0)	(3.3)	(2.2)
Valuation allowance	0.2	(9.3)	1.6
Change in uncertain tax positions	(1.1)	1.7	0.4
Return to provision	1.4	(3.7)	0.8
Disallowed officer compensation	1.9	2.0	0.2
Cash repatriation	0.1	2.1	—
Unremitted earnings	(0.2)	1.0	—
Deferred tax adjustments	0.1	0.8	(1.3)
Other	1.0	0.9	1.6
Total income tax expense	24.5%	12.8%	23.7%

Schedule of temporary differences comprising the net deferred income tax asset

Temporary differences comprising the net deferred income tax asset shown on the accompanying consolidated balance sheets were as follows:

	Fiscal Year Ended
	October 2, 2022		October 3, 2021
	(in thousands)
Deferred Tax Assets:
State taxes	$	1,238	$	1,342
Reserves and contingent liabilities	5,023		6,662
Accounts receivable including the allowance for doubtful accounts	4,986		5,917
Accrued liabilities	35,973		41,657
Lease liabilities, operating leases	49,618		60,181
Stock-based compensation	2,925		3,560
Unbilled revenue	4,885		—
Loss carry-forwards	41,648		54,825
Valuation allowance	(12,286)		(13,040)
Total deferred tax assets	134,010		161,104
Deferred Tax Liabilities:
Unbilled revenue	—		(5,595)
Prepaid expense	(6,065)		(8,136)
Right-of-use assets, operating leases	(49,618)		(60,181)
Intangibles	(42,863)		(40,121)
Undistributed earnings	(2,200)		(3,136)
Property and equipment	(621)		(85)
Total deferred tax liabilities	(101,367)		(117,254)
Net deferred tax assets	$	32,643	$	43,850

Reconciliation of the beginning and ending amounts of unrecognized tax benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	Fiscal Year Ended
	October 2, 2022		October 3, 2021		September 27, 2020
	(in thousands)
Beginning balance	$	12,899	$	9,228	$	9,169
Additions for current fiscal year tax positions	—		2,171		700
Additions for prior fiscal year tax positions	—		1,500		—
Reductions for prior fiscal year tax positions	(3,014)		—		(641)
Settlements	(977)		—		—
Ending balance	$	8,908	$	12,899	$	9,228