Income Taxes (Tables)

12 Months Ended

Dec. 29, 2024

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Taxes

Income before income taxes consisted of the following:

	Fiscal Year
	2024		2023		2022
	(in thousands)
U.S. operations	$	37,060	$	3,611	$	11,758
Foreign operations	76,494		60,043		30,159
Income before income taxes	$	113,554	$	63,654	$	41,917

Schedule of Provisions for Federal, Foreign and State Income Taxes

Provisions for federal, foreign and state income taxes in the consolidated statements of operations consisted of the following components:

	Fiscal Year
	2024		2023		2022
	(in thousands)
Current expense:
Federal	$	7,599	$	5,523	$	1,624
Foreign	20,982		18,330		20,903
State	2,481		2,167		1,307
Current expense	31,062		26,020		23,834
Deferred (benefit) expense:
Federal	(3,279)		(4,810)		346
Foreign	(841)		(1,212)		(2,053)
State	(334)		(861)		230
Deferred benefit	(4,454)		(6,883)		(1,477)
Total income tax expense	$	26,608	$	19,137	$	22,357

Schedule of Effective Income Tax Rate Reconciliation

The following summary reconciles income taxes at the U.S. federal statutory rate of 21% applicable for all periods presented to the Company’s actual income tax expense:

	Fiscal Year
	2024		2023		2022
	(in thousands)
Income taxes at U.S. federal statutory rate	$	23,846	$	13,367	$	8,803
Increase (decrease) in taxes resulting from:
State income taxes, net of federal tax effect	2,319		(432)		817
Non-deductible business expenses	940		747		237
Non-deductible employee compensation	1,587		1,681		1,678
Tax effects of Company-owned life insurance	(576)		(587)		612
Tax effects of undistributed earnings from foreign subsidiaries not deemed to be indefinitely reinvested	443		779		1,123
Foreign and U.S. tax effects attributable to foreign operations	4,532		1,537		3,528
Expiring tax attributes	4,125		3,780		—
Valuation allowance effect	(7,330)		(879)		2,898
Research and development tax credits	(703)		(820)		(917)
Goodwill impairment	—		—		6,171
Foreign tax rate change related to UK pension	(2,493)		—		—
Unrecognized tax benefits	(135)		(79)		(2,463)
Other	53		43		(130)
Income tax expense	$	26,608	$	19,137	$	22,357

Schedule of Deferred Tax Assets and Liabilities

The temporary differences that give rise to significant portions of the deferred tax assets and liabilities are as follows:

	End of Fiscal Year
	2024		2023
	(in thousands)
Deferred tax assets(1)
Lease liability	$	22,329	$	25,164
Net operating loss and interest carryforwards	7,964		9,587
Federal tax credit carryforwards	4,036		7,876
Deferred compensation	16,521		16,517
Pensions	4,982		6,304
Property and equipment	438		554
Inventory	3,121		6,657
Prepaids, accruals and reserves	9,235		8,147
Capitalized costs	10,327		9,442
Deferred tax asset, gross	78,953		90,248
Valuation allowance	(10,028)		(17,357)
Deferred tax asset, net	$	68,925	$	72,891
Deferred tax liabilities(1)
Property and equipment	$	24,899	$	25,216
Inventory	4,014		3,616
Intangible assets	20,970		24,411
Lease asset	20,887		23,868
Pensions	3,866		6,309
Foreign currency	556		686
Foreign withholding and U.S. state taxes on unremitted earnings	773		725
Other	158		171
Deferred tax liabilities	76,123		85,002
Net deferred tax liabilities	$	7,198	$	12,111

Schedule of Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amounts of gross unrecognized tax benefits is as follows:

	Fiscal Year
	2024		2023		2022
	(in thousands)
Balance at beginning of year(1)	$	4,532	$	5,352	$	7,360
Increases related to tax positions taken during the current year	316		320		342
Increases related to tax positions taken during the prior years	—		19		109
Decreases related to tax positions taken during the prior years	(208)		(30)		(233)
Decreases related to lapse of applicable statute of limitations	(289)		(1,142)		(2,225)
Changes due to foreign currency translation	—		13		(1)
Balance at end of year(1)	$	4,351	$	4,532	$	5,352

(1) In prior years, interest and penalties were included in the reconciliation of the beginning and ending amounts of gross unrecognized tax benefits. In the current period, interest and penalties are excluded from the reconciliation of the beginning and ending amounts of gross unrecognized tax benefits. Amounts for fiscal years 2023 and 2022 above have been recast to conform to the current period presentation. These reclassifications to the reconciliation of the beginning and ending amounts of gross unrecognized tax benefits do not impact the accrual as recorded in the consolidated balance sheets.