Income Taxes (Tables)

12 Months Ended

Sep. 27, 2015

Income Tax Disclosure [Abstract]

Pretax Income (Loss)

Pretax income (loss) was generated from the following sources for each of the three fiscal years in the period ended September 27, 2015 (amounts in millions):

	2015			2014			2013
Domestic	$	(14.9	)	$	(62.7	)	$	(38.7	)
Foreign	111.8			86.6			94.8
Total	$	96.9		$	23.9		$	56.1

Provision (Benefit) of Income Taxes

The provision for income taxes consisted of the following components for each of the three fiscal years in the period ended September 27, 2015 (amounts in millions):

	2015		2014			2013
Current:
Federal	$	—	$	—		$	0.8
State	0.2		0.3			0.8
Foreign	4.2		3.9			3.1
Deferred:
Federal	4.6		(6.5		)	2.3
State	—		(0.2		)	1.4
Foreign	3.3		3.3			4.0
	$	12.3	$	0.8		$	12.4

Reconciliation of income Tax Computed at the Federal Statutary Rate

The following is a reconciliation of income tax computed at the federal statutory rate to our actual tax expense for each of the three fiscal years in the period ended September 27, 2015 (amounts in millions):

	2015			2014			2013
Tax computed at federal statutory rate	$	33.9		$	8.4		$	19.6
State taxes, net of federal impact	(2.1		)	(1.1		)	(1.6		)
Foreign income taxed at different rates	(33.1		)	(24.7		)	(20.5		)
Tax credits and incentives	(5.1		)	(2.8		)	(5.4		)
Stock award compensation	1.3			1.2			0.2
Unrecognized tax benefits	3.7			1.4			(0.4		)
U.S. tax on foreign income	1.3			4.1			1.4
Income tax return to provision	—			(0.2		)	(0.9		)
Non-deductible permanent items	0.9			0.9			0.2
Pre-acquisition loss carry forwards	—			(11.4		)	—
Expiration of tax attributes	—			2.9			—
Foreign declared dividend	(0.5		)	3.6			—
Withholding taxes	(0.3		)	0.3			0.7
Other differences, net	(1.0		)	0.6			0.3
Valuation allowance	13.3			17.6			18.8
	$	12.3		$	0.8		$	12.4

Components of Deferred Tax Assets (Liabilities)

The tax effected deferred tax assets (liabilities) are comprised of the following components (amounts in millions):

	September 27, 2015			September 28, 2014
Accounts receivable, net	$	1.9		$	1.2
Inventories	17.5			14.5
Accrued employee benefit expenses	8.4			8.8
Net operating losses	164.6			149.6
Tax credits and incentives	153.5			144.2
Accrued other expenses	9.7			11.4
Deferred equity compensation	18.9			16.7
Property and equipment, net	13.8			3.1
Other assets	11.4			11.8
Total deferred tax assets	399.7			361.3
Intangible assets	(137.1		)	(127.2		)
Foreign declared dividend	—			(3.6		)
Total deferred tax liabilities	(137.1		)	(130.8		)
Less valuation allowance	(250.6		)	(218.9		)
	$	12.0		$	11.6

Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (amounts in millions):

	September 27, 2015			September 28, 2014			September 29, 2013
Beginning gross unrecognized tax benefits	$	97.7		$	69.6		$	58.0
Additions based on tax positions related to the current year	3.5			2.4			3.2
Additions based on current year acquisitions	16.2			28.9			—
Additions based on tax positions of prior years	4.8			0.4			12.9
Reductions based on tax positions of prior years	—			—			(2.8		)
Reductions for lapses and settlements	(0.4		)	(3.6		)	(1.7		)
Ending gross unrecognized tax benefit	$	121.8		$	97.7		$	69.6