Note D - Income Taxes (Tables)

12 Months Ended

Jan. 02, 2021

Notes Tables

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	Year Ended
	2020		2019		2018
U.S.	$	18,838	$	111	$	1,475
Foreign		159,110		150,385		190,035
Total earnings before income taxes	$	177,948	$	150,496	$	191,510

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Year Ended
	2020			2019			2018
Current
Federal	$	306		$	-		$	-
State		303			303			337
Foreign		55,147			53,281			64,342
Total Current		55,756			53,584			64,679
Deferred
Federal		1,317			(3,120	)		(613	)
State		(47	)		(42	)		24
Foreign		(3,742	)		(452	)		1,196
Total Deferred		(2,472	)		(3,614	)		607
	$	53,284		$	49,970		$	65,286

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Year Ended
	2020			2019			2018
Statutory U.S. federal income tax rate		21.0	%		21.0	%		21.0	%
State income taxes, net of federal tax benefit		0.3			0.3			0.3
Permanent tax differences		0.2			-			0.4
Excess foreign tax credits		(9.9	)		(13.0	)		(14.7	)
Net increase in valuation allowance		8.2			11.7			15.8
Foreign income tax rate differences		1.7			4.3			4.2
Foreign withholding taxes		7.7			8.6			8.1
Uncertain tax position reserve		0.8			0.4			-
All other, net		(0.1	)		(0.1	)		(1.0	)
		29.9	%		33.2	%		34.1	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	January 2,			December 28,
	2021			2019
Deferred tax assets
Inventory	$	3,150		$	3,281
Accruals not currently deductible		12,748			4,315
Equity-based compensation expense		2,982			5,811
Property and equipment		1,129			1,088
Intangible assets		7,691			7,454
Foreign currency translation		-			537
Tax credit carry forwards		76,929			60,697
Net operating losses		2,071			1,551
Other		4,061			4,358
Gross deferred tax assets		110,761			89,092
Valuation allowance		(81,401	)		(64,285	)
Net deferred tax assets		29,360			24,807
Deferred tax liabilities
Property and equipment		(4,900	)		(5,006	)
Foreign currency translation		(1,691	)		-
Prepaid expenses		(4,043	)		(1,722	)
Intangible assets		(7,691	)		(7,454	)
Withholding tax on unremitted earnings		(14,589	)		(12,914	)
Other		(3,815	)		(4,903	)
Gross deferred tax liabilities		(36,729	)		(31,999	)
Net deferred taxes	$	(7,369	)	$	(7,192	)

	January 2,			December 28,
	2021			2019
Net deferred tax assets	$	4,640		$	3,090
Net deferred tax liabilities		(12,009	)		(10,282	)
Net deferred taxes	$	(7,369	)	$	(7,192	)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	Year Ended
	2020			2019		2018
Beginning balance of unrecognized tax benefits	$	560		$	282	$	-
Increases related to prior year tax positions		775			278		282
Increases related to current year tax positions		753			-		-
Decreases for settlements with taxing authorities		(560	)		-		-
Ending balance of unrecognized tax benefits	$	1,528		$	560	$	282