Income Taxes (Tables)

6 Months Ended

Jul. 01, 2018

Income Taxes [Line Items]

Schedule of effective income tax rate reconciliation

	THIRTEEN WEEKS ENDED				TWENTY-SIX WEEKS ENDED
	JULY 1, 2018		JUNE 25, 2017		JULY 1, 2018		JUNE 25, 2017
Effective income tax rate	(23.7	)%	7.7	%	(3.6	)%	19.7	%

Tax Act [Member]

Income Taxes [Line Items]

Schedule of impact of the Tax Act

In connection with its analysis of the impact of the Tax Act, the Company recorded a provisional net tax expense of $7.5 million in December 2017, as described in the following table:

	FISCAL YEAR
(dollars in thousands)	2017
Transition Tax (provisional)	$	100
Net impact on U.S. deferred tax assets and liabilities (provisional) (1)	1,600
Net changes in deferred tax liability associated with anticipated repatriation taxes (provisional)	200
Impact from the adoption of ASU No. 2014-09 (provisional)	5,600
	$	7,500

________________

(1) Includes $4.7 million of expense for a valuation allowance recorded against foreign tax credit carryforwards, $3.9 million of benefit from the impact of the corporate rate reduction on net deferred tax liability balances, and an expense of $0.8 million for the write-off of certain deferred tax assets that will no longer be realized.