Income Taxes (Tables)

12 Months Ended

Jan. 01, 2016

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The U.S. and international components of income (loss) before provision for income taxes were as follows (in thousands):

	Year Ended
	January 1, 2016			January 2, 2015		January 3, 2014
U.S.	$	(42,166	)	$	56,801	$	42,392
International	26,466			19,778		6,446
Total income (loss) before provision for income taxes	$	(15,700	)	$	76,579	$	48,838

Schedule of Components of Income Tax Expense (Benefit)

The provision (benefit) for income taxes was comprised of the following (in thousands):

	Year Ended
	January 1, 2016			January 2, 2015			January 3, 2014
Current:
Federal	$	(3,753	)	$	16,293		$	39,353
State	(367		)	1,299			1,604
International	6,312			2,998			1,470
	2,192			20,590			42,427
Deferred:
Federal	(8,144		)	1,211			(28,678		)
State	(880		)	(310		)	427
International	(1,274		)	(370		)	(1,605		)
	(10,298		)	531			(29,856		)
Total provision (benefit) for income taxes	$	(8,106	)	$	21,121		$	12,571

Schedule of Effective Income Tax Rate Reconciliation

The provision (benefit) for income taxes differs from the U.S. statutory rate due to the following:

	Year Ended
	January 1, 2016					January 2, 2015					January 3, 2014
Statutory rate	$	(5,495	)	35.0	%	$	26,803		35.0	%	$	17,093		35.0	%
Federal tax credits	(1,850		)	11.8		(1,600		)	(2.1	)	(3,651		)	(7.5	)
Foreign rate differential	(3,180		)	20.2		(3,276		)	(4.3	)	(348		)	(0.7	)
Uncertain tax positions	(531		)	3.4		412			0.6		831			1.7
State taxes, net of federal benefit	(1,490		)	9.5		507			0.7		1,148			2.3
Change in foreign tax rates	(91		)	0.6		(446		)	(0.6	)	(1,806		)	(3.7	)
Non-deductible transaction costs	4,867			(31.0	)	—			—		—			—
Valuation allowance	626			(4.0	)	(299		)	(0.4	)	186			0.4
Other	(962		)	6.1		(980		)	(1.3	)	(882		)	(1.8	)
Effective tax rate	$	(8,106	)	51.6	%	$	21,121		27.6	%	$	12,571		25.7	%

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets (liabilities) consist of the following (in thousands):

	At
	January 1, 2016			January 2, 2015
Tax credits	$	22,196		$	5,828
Net operating loss carryforwards	153,949			6,721
Inventories	6,543			3,335
Accrued expenses	13,138			4,338
Stock-based compensation	9,512			9,341
Other	38			1,659
Gross deferred tax assets	205,376			31,222
Less valuation allowance	(39,171		)	(10,709		)
Net deferred tax assets	166,205			20,513
Property, plant and equipment	(32,772		)	(2,646		)
Intangible assets	(347,896		)	(57,850		)
Convertible subordinated notes	(3,754		)	(5,006		)
Gross deferred tax liabilities	(384,422		)	(65,502		)
Net deferred tax liability	$	(218,217	)	$	(44,989	)
Presented as follows:
Current deferred tax asset	$	—		$	6,168
Current deferred tax liability	—			(588		)
Noncurrent deferred tax asset	3,587			2,626
Noncurrent deferred tax liability	(221,804		)	(53,195		)
Net deferred tax liability	$	(218,217	)	$	(44,989	)

Summary of Operating Loss and Tax Credit Carryforwards

As of January 1, 2016, the Company has the following carryforwards available:

Jurisdiction	Tax Attribute	Amount (in millions)		Begin to Expire
Federal	Net Operating Loss	$	386.2	2019
International	Net Operating Loss	42.2		2016
State	Net Operating Loss	298.7		2016
Federal	Foreign Tax Credit	17.0		2019
U.S. and State	R&D Tax Credit	2.6		2018
State	Investment Tax Credit	5.3		2016

Summary of Income Tax Contingencies

Below is a summary of changes to the unrecognized tax benefit (in thousands):

	Year Ended
	January 1, 2016			January 2, 2015			January 3, 2014
Balance, beginning of year	$	2,411		$	1,858		$	970
Additions relating to business combinations	7,443			—			—
Additions based upon tax positions related to the current year	274			268			325
Additions related to prior period tax positions	163			510			651
Reductions relating to settlements with tax authorities	(550		)	(225		)	(88		)
Reductions as a result of a lapse of applicable statute of limitations	(470		)	—			—
Balance, end of year	$	9,271		$	2,411		$	1,858