Income Taxes (Tables)

12 Months Ended

Dec. 30, 2018

Income Taxes

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

The following table presents the domestic and foreign components of income (loss) before income taxes for 2018, 2017 and 2016 (in thousands):

	2018		2017		2016
Domestic income / (loss)	$	(10,471)	$	122,828	$	146,063
Foreign income		16,362		17,514		12,746
Total income	$	5,891	$	140,342	$	158,809

Summary of the Provision for Income Taxes

A summary of the provision (benefit) for income tax follows (in thousands):

	2018		2017		2016
Current:
Federal	$	(5,324)	$	28,951	$	32,477
Foreign		4,736		4,602		2,669
State and local		1,529		(234)		2,947
Deferred		1,705		498		11,624
Total income taxes	$	2,646	$	33,817	$	49,717

Schedule of Significant Deferred Tax Assets (Liabilities)

Significant deferred tax assets (liabilities) follow (in thousands):

	December 30,		December 31,
	2018		2017
Accrued liabilities	$	16,339	$	11,378
Accrued bonuses		724		192
Other assets and liabilities		10,705		7,913
Equity awards		5,862		5,690
Other		2,196		2,178
Foreign net operating losses		1,555		2,773
Foreign tax credit carryforwards		7,230		4,707
Total deferred tax assets		44,611		34,831
Valuation allowance on foreign net operating and capital losses, foreign deferred tax assets, and foreign tax credit carryforwards		(8,183)		(7,415)
Total deferred tax assets, net of valuation allowances		36,428		27,416
Deferred expenses		(5,576)		(6,912)
Accelerated depreciation		(24,239)		(19,228)
Goodwill		(12,645)		(12,248)
Other		(1,064)		(989)
Total deferred tax liabilities		(43,524)		(39,377)
Net deferred liability	$	(7,096)	$	(11,961)

Schedule of Reconciliation of Income Tax Computed at the U.S. Federal Statutory Rate to Income Tax Expense

The reconciliation of income tax computed at the U.S. federal statutory rate to income tax expense for the years ended December 30, 2018, December 31, 2017 and December 25, 2016 is as follows in both dollars and as a percentage of income before income taxes ($ in thousands):

	2018				2017				2016
	Income Tax		Income		Income Tax		Income		Income Tax		Income
	Expense		Tax Rate		Expense		Tax Rate		Expense		Tax Rate
Tax at U.S. federal statutory rate	$	1,237	21.0	%	$	49,120	35.0	%	$	55,583	35.0	%
State and local income taxes		150	2.6	%		2,432	1.7	%		2,972	1.9	%
Foreign income taxes		4,879	82.8	%		5,306	3.8	%		3,143	2.0	%
Income of consolidated partnerships
attributable to noncontrolling interests		(371)	(6.3)	%		(1,554)	(1.1)	%		(2,312)	(1.4)	%
Non-qualified deferred compensation plan
(income) loss		483	8.2	%		(1,236)	(0.9)	%		(428)	(0.3)	%
Excess tax benefits on equity awards		447	7.6	%		(1,879)	(1.4)	%		—	—	%
Remeasurement of deferred taxes		—	—	%		(7,020)	(5.0)	%		—	—	%
Tax credits		(6,945)	(117.9)	%		(6,909)	(4.9)	%		(6,771)	(4.3)	%
Disposition of China		4,118	69.9	%		—	—	%		—		%
Other		(1,352)	17.5	%		(4,443)	(3.1)	%		(2,470)	(1.6)	%
Total	$	2,646	85.4	%	$	33,817	24.1	%	$	49,717	31.3	%

Schedule of Reconciliation of the Beginning and Ending Liability for Unrecognized Tax Benefits

The Company had $2.0 million of unrecognized tax benefits at December 30, 2018 which, if recognized, would affect the effective tax rate. A reconciliation of the beginning and ending liability for unrecognized tax benefits excluding interest and penalties is as follows, which is recorded as an other long-term liability (in thousands):

Balance at December 25, 2016	$	4,827
Additions for tax positions of current year		134
Additions for tax positions of prior years		(2,862)
Reductions for lapse of statute of limitations		(71)
Balance at December 31, 2017		2,028
Additions for tax positions of current year		510
Reductions for tax positions of prior years		(515)
Reductions for lapse of statute of limitations		—
Balance at December 30, 2018	$	2,023