Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 28, 2019

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense (benefit) for 2019, 2018 and 2017 consists of the following:



	For the Years Ended
(In thousands)	2019		2018			2017

Current:
Federal	$	45,575	$	89,551		$	37,708
State	13,429		24,804			4,878
Foreign	14,929		22,009			10,156
Total current expense	73,933		136,364			52,742
Deferred:
Federal	30,353		31,129			13,676
State	11,747		8,144			23,278
Foreign	9,025		(4,845		)	10,455
Total deferred expense	51,125		34,428			47,409

Total income tax expense	$	125,058	$	170,792		$	100,151

Schedule of Deferred Tax Assets and Liabilities

Temporary differences between the financial statement carrying amounts and tax basis of assets and liabilities that give rise to significant portions of deferred income taxes at the end of 2019 and 2018 relate to the following:



(In thousands)	2019			2018

Deferred tax assets:
Accrued expenses	$	31,995		$	31,273
Tax credits and separate return net operating losses	19,186			22,826
Share-based compensation	52,643			60,901
Lease liability	29,939			—
Other	12,701			14,951
Gross deferred tax assets	146,464			129,951
Less: Valuation Allowance	—			(1,404		)
Total deferred tax assets	146,464			128,547

Deferred tax liabilities:
Software development costs	(247,217		)	(229,624		)
Property and equipment	(171,267		)	(131,516		)
Prepaid expenses	(39,311		)	(39,154		)
Contract and service revenues and costs	(12,112		)	(35,933		)
Lease right-of-use assets	(28,100		)	—
Other	(10,549		)	(6,199		)
Total deferred tax liabilities	(508,556		)	(442,426		)

Net deferred tax liability	$	(362,092	)	$	(313,879	)

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

The effective income tax rates for 2019, 2018, and 2017 were 19%, 21%, and 10%, respectively. These effective rates differ from the U.S. federal statutory rate of 21% for 2019 and 2018 and 35% for 2017 as follows:



	For the Years Ended
(In thousands)	2019			2018			2017

Tax expense at statutory rates	$	137,447		$	168,179		$	338,495
State income tax, net of federal benefit	18,561			25,321			22,214
Tax credits	(22,750		)	(19,737		)	(17,727		)
Foreign rate differential	(6,328		)	(4,851		)	(26,379		)
Share-based compensation	(8,090		)	(1,696		)	(62,501		)
Change in U.S. tax rate	—			—			(170,999		)
Deemed mandatory repatriation	—			—			25,114
Permanent differences	3,278			6,224			(10,700		)
Other, net	2,940			(2,648		)	2,634

Total income tax expense	$	125,058		$	170,792		$	100,151

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

A reconciliation of the beginning and ending amount of unrecognized tax benefit is presented below:



(In thousands)	2019			2018			2017

Unrecognized tax benefit - beginning balance	$	18,688		$	15,287		$	9,769
Gross decreases - tax positions in prior periods	(2,383		)	—			(1,734		)
Gross increases - tax positions in prior periods	1,220			1,591			7,252
Gross increases - tax positions in current year	1,607			2,370			—
Settlements	—			(541		)	—
Currency translation	(7		)	(19		)	—

Unrecognized tax benefit - ending balance	$	19,125		$	18,688		$	15,287