Income Taxes (Tables)

12 Months Ended

Oct. 03, 2021

Income Tax Disclosure [Abstract]

Schedule of income before income taxes, by geographical area

Income before income taxes, by geographic area, was as follows:

	Fiscal Year Ended
	October 3, 2021		September 27, 2020		September 29, 2019
	(in thousands)
Income before income taxes:
United States	$	211,222	$	209,443	$	185,535
Foreign	55,648		18,548		(10,399)
Total income before income taxes	$	266,870	$	227,991	$	175,136

Schedule of components of income tax expense

Income tax expense consisted of the following:

	Fiscal Year Ended
	October 3, 2021		September 27, 2020		September 29, 2019
			(in thousands)
Current:
Federal	$	41,056	$	24,102	$	30,051
State	9,893		6,872		8,923
Foreign	18,887		20,398		15,016
Total current income tax expense	69,836		51,372		53,990
Deferred:
Federal	(6,034)		2,187		(9,108)
State	(2,060)		870		(1,195)
Foreign	(27,703)		(328)		(27,312)
Total deferred income tax (benefit) expense	(35,797)		2,729		(37,615)
Total income tax expense	$	34,039	$	54,101	$	16,375

Schedule of reconciliation of income tax rate

Total income tax expense was different from the amount computed by applying the U.S. federal statutory rate to pre-tax income as follows:

	Fiscal Year Ended
	October 3, 2021	September 27, 2020	September 29, 2019
Tax at federal statutory rate	21.0%	21.0%	21.0%
State taxes, net of federal benefit	2.3	2.7	3.3
Research and Development ("R&D") credits	(2.6)	(2.2)	(4.7)
Tax differential on foreign earnings	0.9	0.7	1.0
Non-taxable foreign interest income	(1.0)	(1.1)	(1.7)
Goodwill	—	1.5	0.9
Stock compensation	(3.3)	(2.2)	(2.4)
Valuation allowance	(9.3)	1.6	(13.5)
Change in uncertain tax positions	1.7	0.4	2.4
Return to provision	(3.7)	0.8	(0.2)
Disallowed officer compensation	2.0	0.2	0.2
Cash repatriation	2.1	—	—
Unremitted earnings	1.0	—	—
Revaluation of deferred taxes	—	—	(1.4)
Deferred tax adjustments	0.8	(1.3)	(0.4)
Transition taxes on foreign earnings	—	—	1.4
Other	0.9	1.6	3.4
Total income tax expense	12.8%	23.7%	9.3%

Schedule of temporary differences comprising the net deferred income tax asset

Temporary differences comprising the net deferred income tax asset shown on the accompanying consolidated balance sheets were as follows:

	Fiscal Year Ended
	October 3, 2021		September 27, 2020
	(in thousands)
Deferred Tax Assets:
State taxes	$	1,342	$	1,146
Reserves and contingent liabilities	6,662		6,262
Accounts receivable including the allowance for doubtful accounts	5,917		6,283
Accrued liabilities	41,657		28,223
Lease liabilities, operating leases	60,181		66,941
Stock-based compensation	3,560		5,905
Loss carry-forwards	54,825		43,475
Valuation allowance	(13,040)		(24,395)
Total deferred tax assets	161,104		133,840
Deferred Tax Liabilities:
Unbilled revenue	(5,595)		(14,451)
Prepaid expense	(8,136)		(5,967)
Right-of-use assets, operating leases	(60,181)		(66,941)
Intangibles	(40,121)		(29,130)
Undistributed earnings	(3,136)		—
Property and equipment	(85)		(1,615)
Total deferred tax liabilities	(117,254)		(118,104)
Net deferred tax assets	$	43,850	$	15,736

Reconciliation of the beginning and ending amounts of unrecognized tax benefits

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

	Fiscal Year Ended
	October 3, 2021		September 27, 2020		September 29, 2019
	(in thousands)
Beginning balance	$	9,228	$	9,169	$	8,328
Additions for current year tax positions	2,171		700		1,342
Additions for prior year tax positions	1,500		—		356
Reductions for prior year tax positions	—		(641)		(100)
Settlements	—		—		(757)
Ending balance	$	12,899	$	9,228	$	9,169