Income Taxes (Tables)

12 Months Ended

Oct. 03, 2015

Income Taxes [Abstract]

Components Of Income Before Income Taxes

The components of income before income taxes for fiscal years 2015, 2014 and 2013 were as follows:
(in thousands)		2015		2014		2013
Domestic	$	31,827	$	32,867	$	49,921
Foreign		27,345		25,576		29,333
Total income before income taxes	$	59,172	$	58,443	$	79,254

Provision For Income Taxes

The provision for income taxes for fiscal years 2015, 2014 and 2013 were as follows:
(in thousands)		2015		2014		2013
Current
Federal	$	4,588	$	7,503	$	13,241
State		527		842		781
Foreign		8,025		13,056		8,618
Deferred		570		(4,967)		(1,192)
Total provision for income taxes	$	13,710	$	16,434	$	21,448

Reconciliation From The Federal Statutory Income Tax Rate To The Effective Income Tax Rate

A reconciliation from the federal statutory income tax rate to our effective income tax rate for
fiscal years 2015, 2014 and 2013 is as follows:
(in thousands)	2015		2014		2013
United States federal statutory income tax rate	35	%	35	%	35	%
Impact from foreign operations	(4)		(1)		(1)
State income taxes, net of federal benefit	1		1		1
Research and development tax credits	(8)		(5)		(5)
Domestic production activities deduction	(2)		(2)		(2)
Foreign tax credits	-		(2)		-
Nondeductible stock option expense and other permanent items	1		2		(1)
Effective income tax rate	23	%	28	%	27	%

Summary Of The Deferred Tax Assets And Liabilities

A summary of the deferred tax assets and liabilities for fiscal years 2015 and 2014 are as follows:
(in thousands)		2015		2014
Deferred tax assets
Accrued compensation and benefits	$	11,723	$	11,604
Inventory reserves		5,198		5,060
Other assets		4,389		2,935
Allowance for doubtful accounts		866		644
Net operating loss carryovers		84		277
Research and development tax credit carryovers		993		326
Intangible assets		-		63
Total deferred tax asset before valuation allowance		23,253		20,909
Less valuation allowance		(921)		(442)
Total deferred tax assets	$	22,332	$	20,467
Deferred tax liabilities
Property and equipment	$	9,775	$	8,557
Foreign deferred revenue and other		1,738		2,541
Intangible assets		1,303		-
Unrealized derivative instrument gains		1,199		269
Total deferred tax liabilities	$	14,015	$	11,367
Net deferred tax assets	$	8,317	$	9,100

Summary Of Changes In Liability For Unrecognized Tax Benefits

(in thousands)		2015		2014
Beginning balance	$	5,990	$	4,311
Increase due to tax positions related to the current year		1,631		659
Increase (decrease) due to tax positions related to prior years		(1,596)		1,068
Decrease due to settlements with tax authorities		(332)		-
Decrease due to lapse of statute of limitations		(43)		(47)
Exchange rate change		(1)		(1)
Ending balance	$	5,649	$	5,990