Income Taxes (Tables)

12 Months Ended

Jan. 02, 2016

Text Block [Abstract]

Provision for Income Tax Computed by Applying U.S. Statutory Rate to Income Before Taxes as Reconciled to Actual Provisions

The provision for income tax computed by applying the U.S. statutory rate to income before taxes as reconciled to the actual provisions were:

	Years Ended
	January 2, 2016		January 3, 2015		December 28, 2013
Income before income tax expense:
Domestic	5.6	%	13.6	%	21.5	%
Foreign	94.4		86.4		78.5
	100.0	%	100.0	%	100.0	%
Tax expense at U.S. statutory rate	35.0	%	35.0	%	35.0	%
State income tax	1.1		0.6		0.4
Tax on remittance of foreign earnings	9.1		0.8		2.5
Foreign taxes less than U.S. statutory rate	(30.8	)	(24.0	)	(19.6	)
Employee benefits	0.4		0.5		1.0
Change in valuation allowance	2.6		2.1		0.5
Release of unrecognized tax benefit reserves	(9.8	)	(1.7	)	(2.3	)
State tax rate change	2.3		—		—
Other, net	(0.4	)	(0.3	)	(1.0	)
Taxes at effective worldwide tax rates	9.5	%	13.0	%	16.5	%

Current and Deferred Tax Provisions (Benefits)

Current and deferred tax provisions (benefits) were:

	Current			Deferred			Total
Year ended January 2, 2016
Domestic	$	(2,294	)	$	9,437		$	7,143
Foreign	32,067			(10,235		)	21,832
State	4,395			11,648			16,043
	$	34,168		$	10,850		$	45,018
Year ended January 3, 2015
Domestic	$	41,608		$	(10,517	)	$	31,067
Foreign	24,290			3,663			27,977
State	6,951			(5,546		)	1,405
	$	72,849		$	(12,400	)	$	60,449
Year ended December 28, 2013
Domestic	$	24,166		$	16,310		$	40,476
Foreign	22,037			(590		)	21,447
State	4,488			(1,104		)	3,384
	$	50,691		$	14,616		$	65,307

Cash Tax Payments Made by Company Primarily in Foreign Jurisdictions

	Years Ended
	January 2, 2016		January 3, 2015		December 28, 2013
Cash payments for income taxes	$	23,045	$	19,126	$	34,221

Deferred Tax Assets and Liabilities

The deferred tax assets and liabilities at the respective year-ends were as follows:

	January 2, 2016			January 3, 2015
Deferred tax assets:
Nondeductible reserves	$	7,267		$	8,841
Inventories	112,286			124,910
Property and equipment	—			12,007
Bad debt allowance	7,600			8,575
Accrued expenses	17,068			21,600
Employee benefits	176,307			223,554
Tax credits	34,051			34,186
Net operating loss and other tax carryforwards	94,975			56,482
Other	13,372			6,091
Gross deferred tax assets	462,926			496,246
Less valuation allowances	(61,358		)	(43,757		)
Deferred tax assets	401,568			452,489
Deferred tax liabilities:
Property and equipment	439			—
Derivatives	3,612			1,994
Intangibles	17,751			32,281
Prepaids	5,316			11,076
Deferred tax liabilities	27,118			45,351
Net deferred tax assets	$	374,450		$	407,138

Net Operating Loss Carryforwards

At January 2, 2016, the Company has total net operating loss carryforwards of approximately $191,871 for foreign jurisdictions, which will expire as follows:

Fiscal Year:
2016	$	7,783
2017	22,768
2018	17,258
2019	34,719
2020	36,437
Thereafter	72,906

Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits

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

Balance at December 28, 2013 (gross balance of $51,315)	$	48,353
Additions based on tax positions related to the current year	14,703
Additions for tax positions of prior years	10,058
Reductions for tax positions of prior years	(10,004		)
Balance at January 3, 2015 (gross balance of $66,207)	$	63,110
Additions based on tax positions related to the current year	2,732
Additions for tax positions of prior years	49
Reductions for tax positions of prior years	(46,111		)
Balance at January 2, 2016 (gross balance of $20,085)	$	19,780