Income Taxes (Tables)

12 Months Ended

Jan. 01, 2022

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The following tables summarize the Company’s consolidated provision for U.S. federal, state and foreign taxes on income:

	Fiscal Year Ended
	January 1,			January 2,			December 28,
	2022			2021			2019
Current:
U.S. federal	$	38		$	(14,052	)	$	20,900
State		1,055			4,421			1,873
Foreign		24,245			28,533			18,164
	$	25,338		$	18,902		$	40,937
Deferred:
U.S. federal	$	(8,510	)	$	94		$	(9,137	)
State		(9,589	)		(2,835	)		(2,434	)
Foreign		2,534			1,301			2,147
	$	(15,565	)	$	(1,440	)	$	(9,424	)
Total tax provision	$	9,773		$	17,462		$	31,513

Schedule of Income before Income Tax, Domestic and Foreign

The components of the Company’s consolidated income before income taxes consist of the following:

	Fiscal Year Ended
	January 1,			January 2,			December 28,
	2022			2021			2019
Domestic	$	(27,763	)	$	(10,467	)	$	75,932
Foreign		104,428			102,970			75,028
	$	76,665		$	92,503		$	150,960

Summary of Differences Between U.S. Federal Statutory Tax Rate and Company's Consolidated Effective Tax Rate

The difference between the U.S. federal statutory tax rate and the Company’s consolidated effective tax rate is as follows:

	Fiscal Year Ended
	January 1,			January 2,			December 28,
	2022			2021			2019
U.S. federal statutory tax rate		21.0	%		21.0	%		21.0	%
State income taxes (net of federal benefit)		(1.8	%)		1.0	%		(0.3	%)
Cessation of operations		0.0	%		0.0	%		(0.5	%)
Research and development credit		(1.8	%)		(2.2	%)		(1.2	%)
Tax windfall on share-based awards		(4.6	%)		(4.3	%)		(0.1	%)
Reserves for uncertain tax positions		0.2	%		0.9	%		(0.9	%)
Tax rate changes		(8.2	%)		(1.2	%)		0.0	%
Executive compensation limitation		1.8	%		1.2	%		0.5	%
GILTI		0.0	%		(8.2	%)		2.3	%
FDII		0.0	%		(1.5	%)		(3.7	%)
(Decrease) increase in valuation allowance due to    net operating loss		(2.0	%)		0.0	%		0.4	%
Out-of-period adjustments		0.0	%		2.5	%		0.0	%
Tax return adjustments related to the 2017 Tax Act		0.0	%		0.0	%		(0.7	%)
Impact of foreign operations		9.0	%		8.7	%		3.4	%
Other		(0.9	%)		1.0	%		0.7	%
Total effective tax rate		12.7	%		18.9	%		20.9	%

Schedule of Deferred Tax Assets and Liabilities

The deferred tax assets and liabilities recorded on the Company’s consolidated balance sheets are as follows:

	January 1, 2022			January 2, 2021
Interest expense disallowance	$	44,598		$	32,971
Operating lease liabilities		22,901			31,108
Operating loss carryforwards		14,172			8,780
Provision for estimated expenses		2,128			1,643
Salaries and wages		2,710			3,875
Share-based compensation		15,707			14,747
Other comprehensive income		6,306			8,525
Other		5,927			6,320
Less: valuation allowance		(10,083	)		(7,190	)
Total deferred tax assets	$	104,366		$	100,779
Goodwill and intangible assets	$	(224,548	)	$	(227,198	)
Operating lease assets		(20,794	)		(28,378	)
Depreciation		(4,044	)		(3,912	)
Prepaid expenses		(1,433	)		(1,379	)
Total deferred tax liabilities	$	(250,819	)	$	(260,867	)
Net deferred tax liabilities	$	(146,453	)	$	(160,088	)

Reconciliation of Unrecognized Tax Benefits

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

	Fiscal Year Ended
	January 1,			January 2,		December 28,
	2022			2021		2019
Balance at beginning of year	$	851		$	206	$	3,665
Increases related to tax positions taken in current year		196			—		—
Increases related to tax positions taken in prior years		260			605		264
Reductions related to tax positions taken in prior years		(199	)		—		(2,731	)
Reductions related to settlements with tax authorities		—			—		(992	)
Effects of foreign currency translation		(53	)		40		—
Balance at end of year	$	1,055		$	851	$	206