Note 15 - Taxes on Income (Tables)

12 Months Ended

Dec. 30, 2018

Notes Tables

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

	FISCAL YEAR
	2018		2017		2016
	(in thousands)
U.S. operations	$	35,728	$	53,407	$	38,357
Foreign operations		19,263		47,132		40,779
Income before taxes	$	54,991	$	100,539	$	79,136

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

	FISCAL YEAR
	2018			2017		2016
	(in thousands)
Current expense/(benefit):
Federal	$	(3,549	)	$	10,245	$	6,886
Foreign		14,548			11,923		12,934
State		2,628			1,414		1,633
Current expense		13,627			23,582		21,453
Deferred expense/(benefit):
Federal		2,145			20,467		6,186
Foreign		(11,228	)		1,214		(1,937	)
State		194			2,030		(728	)
Deferred expense		(8,889	)		23,711		3,521
Total income tax expense	$	4,738		$	47,293	$	24,974

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

	FISCAL YEAR
	2018			2017			2016
	(in thousands)
Income taxes at U.S. federal statutory rate	$	11,548		$	35,189		$	27,698
Increase (decrease) in taxes resulting from:
State income taxes, net of federal tax effect		2,304			2,677			1,861
Non-deductible business expenses		1,352			695			538
Non-deductible employee compensation		2,566			80			361
Tax effects of Company owned life insurance		235			(1,295	)		(199	)
Tax effects of Tax Act:
One-time transition tax on foreign earnings		(5,000	)		11,707			0
Remeasurement of net Deferred Tax Asset		(1,739	)		3,467			0
Tax effects of undistributed earnings from foreign subsidiaries not deemed to be indefinitely reinvested		61			523			463
Foreign and U.S. tax effects attributable to foreign operations		(3,756	)		(4,537	)		(3,963	)
Valuation allowance effect – State NOL		(79	)		(858	)		(1,272	)
Federal tax credits		(2,439	)		(442	)		(494	)
Other		(315	)		87			(19	)
Income tax expense	$	4,738		$	47,293		$	24,974

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

	FISCAL YEAR
	2018			2017
	(in thousands)
Deferred tax asset (non-current asset)	$	15,601		$	18,003
Deferred income taxes (non-current liabilities)		(26,488	)		(6,935	)
Total net deferred taxes	$	(10,887	)	$	11,068

	2018					2017
	ASSETS			LIABILITIES		ASSETS			LIABILITIES
	(in thousands)
Basis differences of property and equipment	$	0		$	24,871	$	0		$	13,281
Basis difference of intangible assets		0			18,699		0			1,157
Foreign currency		0			2,357		0			2,597
Net operating loss carryforwards		2,349			0		2,468			0
Valuation allowances on net operating loss carryforwards		(1,067	)		0		(1,186	)		0
Federal tax credits		0			0		3,227			0
Deferred compensation		18,945			0		20,220			0
Basis difference of inventory		4,712			0		634			0
Basis difference of prepaids, accruals and reserves		6,473			0		1,777			0
Pensions		4,290			0		2,408			0
Foreign withholding taxes on unremitted earnings		0			348		0			909
Basis difference of other assets and liabilities		0			314		0			536
	$	35,702		$	46,589	$	29,548		$	18,480

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

	FISCAL YEAR
	2018			2017			2016
	(in thousands)
Balance at beginning of year	$	29,221		$	27,888		$	28,271
Increases related to tax positions taken during the current year		671			627			690
Increases related to tax positions taken during the prior years		180			709			148
Decreases related to tax positions taken during the prior years		0			0			(695	)
Decreases related to settlements with taxing authorities		0			0			0
Decreases related to lapse of applicable statute of limitations		(1,861	)		(462	)		(403	)
Changes due to foreign currency translation		(68	)		459			(123	)
Balance at end of year	$	28,143		$	29,221		$	27,888