Income Taxes (Tables)

12 Months Ended

Sep. 28, 2019

Income Tax Disclosure [Abstract]

Reconciliation Of The Provision For Income Taxes

The reconciliation of the provision for income taxes to the amount computed by applying the U.S. federal statutory tax rate to earnings before income taxes is as follows:

	2019			2018			2017
Earnings before income taxes:
Domestic	$	143,114		$	137,247		$	77,007
Foreign	90,644			46,590			104,704
Total	$	233,758		$	183,837		$	181,711
Federal statutory income tax rate	21.0		%	24.5		%	35.0		%
Increase (decrease) in income taxes resulting from:
Transition tax on foreign earnings	0.3		%	16.8		%	—		%
Revaluation of deferred taxes	(0.2		)%	(6.0		)%	—		%
Withholding taxes	1.0		%	4.0		%	—		%
Reversal of indefinite reinvestment assertion	0.6		%	5.6		%	—		%
R&D and foreign tax credits	(2.1		)%	(4.2		)%	(3.8		)%
Divestiture impacts	—		%	—		%	(3.2		)%
Foreign tax rates	2.2		%	(0.7		)%	(2.4		)%
Equity-based compensation	(0.6		)%	(0.7		)%	(1.2		)%
Export and manufacturing incentives	—		%	(0.3		)%	(0.9		)%
Change in valuation allowance for deferred taxes	(0.7		)%	5.7		%	(0.4		)%
State taxes, net of federal benefit	1.5		%	1.9		%	0.4		%
Other	0.1		%	0.8		%	(0.8		)%
Effective income tax rate	23.1		%	47.4		%	22.7		%

Components Of Income Taxes

The components of income taxes are as follows:

	2019			2018		2017
Current:
Federal	$	24,908		$	20,376	$	6,259
Foreign	29,460			35,515		24,162
State	4,240			705		122
Total current	58,608			56,596		30,543
Deferred:
Federal	(5,666		)	23,229		11,624
Foreign	1,413			3,354		(1,986		)
State	(345		)	4,030		1,120
Total deferred	(4,598		)	30,613		10,758
Income taxes	$	54,010		$	87,209	$	41,301

Schedule of Deferred Tax Assets And Liabilities

The tax effects of temporary differences that generated deferred tax assets and liabilities are as follows:

	September 28, 2019			September 29, 2018
Deferred tax assets:
Benefit accruals	$	115,683		$	125,566
Inventory reserves	26,364			27,678
Tax benefit carryforwards	14,196			16,211
Contract reserves not currently deductible	15,382			11,028
Other accrued expenses	4,918			6,670
Total gross deferred tax assets	176,543			187,153
Less valuation allowance	(13,137		)	(15,181		)
Total net deferred tax assets	$	163,406		$	171,972
Deferred tax liabilities:
Differences in bases and depreciation of property, plant and equipment	$	121,353		$	125,132
Pension	62,589			75,989
Total gross deferred tax liabilities	183,942			201,121
Net deferred tax assets (liabilities)	$	(20,536	)	$	(29,149	)