Income Taxes (Tables)

12 Months Ended

Dec. 30, 2023

Income Tax Disclosure [Abstract]

Schedule of Consolidated Income Before Income Taxes

Consolidated earnings before income taxes consists of the following for 2023, 2022, and 2021:

	Year Ended
	2023		2022		2021
United States	$	(19,988)	$	(23,996)	$	13,017
Foreign	122,441		132,617		157,625
Total earnings before income taxes	$	102,453	$	108,621	$	170,642

Schedule of Income Tax Expense (Benefit) Included in Income From Continuing Operations

Income tax expense (benefit) included in income from continuing operations consists of the following:

	Year Ended
	2023		2022		2021
Current
Federal	$	(42)	$	42	$	(264)
State	469		297		567
Foreign	40,913		45,869		56,668
Total Current	41,340		46,208		56,971
Deferred
Federal	(4,031)		(9,180)		(4,088)
State	(59)		(331)		(40)
Foreign	1,415		2,574		1,294
Total Deferred	(2,675)		(6,937)		(2,834)
	$	38,665	$	39,271	$	54,137

Schedule of Effective Income Tax Rate

The effective tax rate for 2023, 2022, and 2021 reconciled to the statutory U.S. Federal tax rate is as follows:

	Year Ended
	2023		2022		2021
Statutory U.S. federal income tax rate	21.0	%	21.0	%	21.0	%
State income taxes, net of federal tax benefit	0.5		0.4		0.4
Permanent tax differences	0.7		0.3		0.1
Excess foreign tax credits	(16.4)		(16.6)		(10.9)
Net increase in valuation allowance	13.0		11.9		10.6
Foreign income tax rate differences	8.7		9.5		1.8
Foreign withholding taxes	10.6		9.7		7.9
Uncertain tax position reserve	(0.4)		0.5		(0.3)
All other, net	—		(0.5)		1.1
	37.7	%	36.2	%	31.7	%

Schedule of Deferred Taxes

The significant categories of deferred taxes are as follows:

	December 30, 2023		December 31, 2022
Deferred tax assets
Inventory	$	5,588	$	5,872
Accruals not currently deductible	6,680		8,627
Equity-based compensation expense	2,580		2,746
Property and equipment	771		922
Intangible assets	6,359		6,680
Foreign currency translation	1,760		1,448
Capitalized R&D expenses	13,537		9,618
Tax credit carry forwards	134,205		115,539
Net operating losses	1,956		1,720
Other	3,237		3,223
Gross deferred tax assets	176,673		156,395
Valuation allowance	(137,252)		(118,136)
Net deferred tax assets	39,421		38,259
Deferred tax liabilities
Property and equipment	(5,897)		(5,723)
Prepaid expenses	(1,819)		(2,990)
Intangible assets	(6,359)		(6,680)
Withholding tax on unremitted earnings	(11,673)		(11,639)
Other	(4,941)		(5,499)
Gross deferred tax liabilities	(30,689)		(32,531)
Net deferred taxes	$	8,732	$	5,728

The components of net deferred taxes on a jurisdiction basis are as follows:

	December 30, 2023		December 31, 2022
Net deferred tax assets	$	13,284	$	9,799
Net deferred tax liabilities	(4,552)		(4,071)
Net deferred taxes	$	8,732	$	5,728

Schedule of Unrecognized Tax Benefits Reconciliation

The following reconciliation provides the changes in unrecognized tax benefits for the years presented:

	Year Ended
	2023		2022		2021
Beginning balance of unrecognized tax benefits	$	1,450	$	1,008	$	1,528
Increases related to prior year tax positions	30		107		21
Decreases related to prior year tax positions	(363)		—		(330)
Increases related to current year tax positions	409		468		424
Decreases for settlements with taxing authorities	(452)		(133)		(635)
Ending balance of unrecognized tax benefits	$	1,074	$	1,450	$	1,008