INCOME TAXES (Tables)

12 Months Ended

Dec. 28, 2019

Income Tax Disclosure [Abstract]

Components of Income from Continuing Operations Before Income Taxes and the Related Provision for Income Taxes

The components of income from continuing operations before income taxes and the related provision for income taxes are presented below:

	Fiscal Year
	2019			2018			2017
	(in thousands)
Income from continuing operations before income taxes:
U.S.	$	108,326		$	95,062		$	123,896
Non-U.S.	195,758			186,619			173,059
	$	304,084		$	281,681		$	296,955
Income tax provision (benefit):
Current:
Federal	$	18,101		$	17,390		$	93,871
Foreign	43,489			38,557			37,150
State	9,915			8,837			12,361
Total current	71,505			64,784			143,382
Deferred:
Federal	(3,226		)	(7,145		)	9,416
Foreign	(17,111		)	(4,104		)	14,953
State	(1,145		)	928			3,618
Total deferred	(21,482		)	(10,321		)	27,987
	$	50,023		$	54,463		$	171,369

Reconciliations of the Statutory U.S. Federal Income Tax Rate to Effective Tax Rates

Reconciliations of the statutory U.S. federal income tax rate to effective tax rates are as follows:

	Fiscal Year
	2019		2018		2017
U.S. statutory income tax rate	21.0	%	21.0	%	35.0	%
Foreign tax rate differences	2.7		0.5		(6.8	)
State income taxes, net of federal tax benefit	2.6		2.4		2.0
Non-deductible compensation	1.7		1.0		1.3
Research tax credits and enhanced deductions	(4.4	)	(2.9	)	(2.4	)
Stock-based compensation	(2.2	)	(2.1	)	(3.2	)
Enacted tax rate changes	(0.7	)	(0.1	)	(4.2	)
Transition Tax	—		(0.3	)	24.8
Impact of tax uncertainties	(2.6	)	(1.1	)	(0.4	)
Tax on unremitted earnings	1.7		1.2		7.3
Impact of acquisitions and restructuring	2.7		0.3		3.8
Net operating loss deferred tax asset recognition, net of valuation allowance (NOL DTA)	(6.8	)	—		—
Other	0.8		(0.6	)	0.5
Effective income tax rate	16.5	%	19.3	%	57.7	%

Components of Deferred Tax Assets and Liabilities

The components of deferred tax assets and liabilities are as follows:

	December 28, 2019			December 29, 2018
	(in thousands)
Deferred tax assets:
Compensation	$	40,582		$	36,724
Accruals and reserves	13,687			13,183
Net operating loss and credit carryforwards	367,269			35,679
Operating lease liability	33,785			—
Other	7,181			5,060
Valuation allowance	(309,962		)	(9,788		)
Total deferred tax assets	152,542			80,858
Deferred tax liabilities:
Goodwill and other intangibles	(174,847		)	(154,743		)
Depreciation related	(29,317		)	(19,373		)
Venture capital investments	(12,806		)	(10,557		)
Tax on unremitted earnings	(17,282		)	(14,140		)
Right-of-use assets	(34,953		)	—
Other	(5,961		)	(2,296		)
Total deferred tax liabilities	(275,166		)	(201,109		)
Net deferred taxes	$	(122,624	)	$	(120,251	)

Reconciliation of the Company's Beginning and Ending Unrecognized Income Tax Benefits

A reconciliation of the Company’s beginning and ending unrecognized income tax benefits is as follows:

	Fiscal Year
	2019			2018			2017
	(in thousands)
Beginning balance	$	18,827		$	24,710		$	24,186
Additions to tax positions for current year	3,691			2,477			1,791
Additions to tax positions for prior years	5,234			—			1,428
Reductions to tax positions for prior years	(1,033		)	(4,543		)	—
Settlements	(274		)	(3,380		)	(1,754		)
Expiration of statute of limitations	(6,780		)	(437		)	(941		)
Ending balance	$	19,665		$	18,827		$	24,710