Note 10 - Income Taxes (Tables)

12 Months Ended

Dec. 28, 2024

Notes Tables

Schedule of Income Tax By Source [Table Text Block]

(in thousands)	2024		2023			2022
Income from operations	$	4,872	$	17,660		$	29,868
Other comprehensive income		396		(984	)		755
Total	$	5,268	$	16,676		$	30,623

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

(in thousands)	2024			2023			2022
Current:
U.S. Federal	$	717		$	694		$	1,609
U.S. State		36			86			456
Foreign		7,841			21,654			31,307
Total current		8,594			22,434			33,372
Deferred:
U.S. Federal		(13	)		61			(9	)
Foreign		(3,709	)		(4,835	)		(3,495	)
Total deferred		(3,722	)		(4,774	)		(3,504	)
	$	4,872		$	17,660		$	29,868

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

(in thousands)	2024			2023			2022
U.S.	$	(85,450	)	$	(37,799	)	$	9,180
Foreign		20,504			83,615			117,535
Total	$	(64,946	)	$	45,816		$	126,715

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

(in thousands)	2024			2023
Deferred tax assets:
Inventory, receivable and warranty reserves	$	11,034		$	10,931
Net operating loss carryforwards		39,572			36,602
Tax credit carryforwards		35,788			34,637
Capitalized R&D		35,348			30,485
Accrued employee benefits		3,742			3,348
Stock-based compensation		4,511			3,227
Lease liabilities		2,544			3,222
Uniform capitalization		2,553			1,564
Other		3,064			-
Gross deferred tax assets		138,156			124,016
Less valuation allowance		(114,517	)		(99,888	)
Total deferred tax assets		23,639			24,128
Deferred tax liabilities:
Intangible assets and other acquisition basis differences		25,848			34,076
Operating lease right-of-use assets		2,226			2,854
Unremitted earnings of foreign subsidiaries		4,898			4,106
Other		4,986			50
Total deferred tax liabilities		37,958			41,086
Net deferred tax liabilities	$	(14,319	)	$	(16,958	)

(in thousands)	2024			2023
Other assets (long-term)	$	5,083		$	6,196
Long-term deferred income tax liabilities		(19,402	)		(23,154	)
Net deferred tax liabilities	$	(14,319	)	$	(16,958	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

(in thousands)	2024			2023			2022
Tax provision at U.S. 21% statutory rate	$	(13,638	)	$	9,470		$	26,610
State income taxes, net of federal tax benefit		(2,126	)		(633	)		(1,535	)
Accruals, adjustments and releases from statute expirations		(2,372	)		579			348
Federal R&D credits		(1,103	)		(1,360	)		(1,679	)
Stock-based compensation		502			(1,504	)		(572	)
Excess executive compensation		715			1,375			946
Change in valuation allowance		14,844			10,654			13,307
GILTI, net of foreign tax credits		2,613			1,735			3,458
Foreign rate differential		146			2,093			(6,131	)
Withholding and other foreign taxes, net of foreign tax credit		1,206			254			(3,819	)
Other, net		4,085			(5,003	)		(1,065	)
	$	4,872		$	17,660		$	29,868

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

(in thousands)	2024			2023			2022
Balance at beginning of year	$	35,900		$	33,368		$	33,391
Additions for tax positions of current year		858			899			910
Additions/(Reductions) for tax positions of prior years		(788	)		1,802			(428	)
Reductions due to lapse of the statute of limitations		(2,089	)		(295	)		(354	)
Foreign exchange rate impact		(116	)		126			(151	)
Balance at end of year	$	33,765		$	35,900		$	33,368