Income Taxes (Tables)

12 Months Ended

Jan. 02, 2022

Income Tax Disclosure [Abstract]

Summary of Income (Loss) from Continuing Operations before Income Taxes

U.S. and foreign components of income (loss) before provision for income taxes

	Fiscal Year Ended
	January 2, 2022			January 3, 2021			December 29, 2019
U.S.	$	(108.9	)	$	(215.3	)	$	(179.7	)
Foreign		82.9			(10.0	)		(1.1	)
Total	$	(26.0	)	$	(225.3	)	$	(180.8	)

Summary of Significant Components of the Income Tax Provision From Continuing Operations

Provision for (benefit from) income taxes

	Fiscal Year Ended
	January 2, 2022			January 3, 2021			December 29, 2019
Current
U.S.	$	(0.8	)	$	(42.3	)	$	(27.2	)
Foreign		23.1			29.8			10.2
Total Current	$	22.3		$	(12.5	)	$	(17.0	)
Deferred
U.S.	$	(0.5	)	$	0.4		$	0.3
Foreign		6.5			(1.3	)		(7.2	)
Total Deferred	$	6.0		$	(0.9	)	$	(6.9	)
Provision for (benefit from) income taxes	$	28.3		$	(13.4	)	$	(23.9	)

Schedule of Effective Income Tax Rate Reconciliation

A comparison of the provision for taxes on income at the U.S. statutory rate of 21.0% to the effective tax rate is as follows:

	Fiscal Year Ended
	January 2, 2022			January 3, 2021			December 29, 2019
U.S. Statutory rate		21.0	%		21.0	%		21.0	%
U.S. state and local		2.7	%		(0.1	)%		(0.2	)%
Foreign income taxed at rates other than the applicable U.S.    rate		91.4	%		10.3	%		17.9	%
Tax credits		10.2	%		0.8	%		1.1	%
Change in valuation allowance		(171.8	)%		(28.3	)%		(33.0	)%
Foreign tax rate change		(45.3	)%		(2.1	)%		(2.9	)%
Change in uncertain tax positions		(1.5	)%		11.7	%		17.3	%
Foreign exchange gain/loss		(0.2	)%		(1.0	)%		(1.5	)%
Indemnification income		(0.7	)%		(3.0	)%		(3.4	)%
Withholding Tax		(5.2	)%		(0.7	)%		(1.5	)%
Nondeductible/nontaxable items		(10.8	)%		(1.2	)%		(1.5	)%
Nondeductible executive compensation		(10.0	)%		—			—
Stock-based compensation		6.5	%		(0.3	)%		(0.8	)%
Other—net		4.7	%		(1.2	)%		0.8	%
Effective tax rate		(109.0	)%		5.9	%		13.3	%

Schedule of Deferred Tax Assets and Liabilities

Deferred tax balances

	January 2, 2022			January 3, 2021
Deferred tax assets
Tax loss and credit carry forwards	$	571.1		$	535.8
Allowances and reserves		27.8			26.7
Accrued liabilities		5.2			5.1
Operating lease liability		7.9			7.9
Employee related obligations		24.1			20.9
Capitalized transaction costs		7.8			7.1
Other		12.3			19.4
Total deferred tax assets		656.2			622.9
Less: Valuation Allowance		(591.2	)		(554.8	)
Net, Deferred tax assets	$	65.0		$	68.1
Deferred tax liabilities
Goodwill and intangibles	$	(79.3	)	$	(76.8	)
Depreciation		(28.8	)		(31.4	)
Right-of-use asset		(7.8	)		(7.8	)
Unrealized (gain)/loss		(7.8	)		(7.7	)
Other		(3.7	)		(3.7	)
Total deferred tax liabilities		(127.4	)		(127.4	)
Net, Deferred tax liability	$	(62.4	)	$	(59.3	)

	January 2, 2022			January 3, 2021
Non-current deferred tax asset	$	9.7		$	8.0
Non-current deferred tax liability		(72.1	)		(67.3	)
Net, Deferred tax liability	$	(62.4	)	$	(59.3	)

Summary of Unrecognized Tax Benefits

The following table summarizes the activity related to gross unrecognized tax benefits:

	Fiscal Year Ended
	January 2, 2022			January 3, 2021			December 29, 2019
Balance at beginning of fiscal year	$	27.5		$	110.4		$	143.4
Increase related to positions taken on items from prior years		0.1			19.8			—
Decrease related to positions taken on items from prior years		(1.0	)		(22.1	)		(29.9	)
Increase related to positions taken on items in current years		1.5			1.7			0.2
Decrease due to settlements		—			(81.9	)		(3.1	)
Decrease due to expiration of statutes of limitations		(0.2	)		(0.4	)		(0.2	)
Balance at end of fiscal year	$	27.9		$	27.5		$	110.4

Summary of Valuation Allowance

The following table summarizes the changes to the valuation allowance for the fiscal years ended January 2, 2022, January 3, 2021, and December 29, 2019:

	Beginning Balance		Additions (deductions) charged to provision for (benefit from) income taxes		Currency translation/ other			Ending Balance
Deferred tax valuation allowance
Fiscal year ended January 2, 2022	$	554.8		45.4		(9.0	)	$	591.2
Fiscal year ended January 3, 2021	$	484.1		63.0		7.7		$	554.8
Fiscal year ended December 29, 2019	$	419.7		64.7		(0.3	)	$	484.1