Note 12 - Income Taxes (Tables)

12 Months Ended

Dec. 30, 2023

Notes Tables

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

	Year Ended
	December 30,		December 31,		January 1,
(In thousands)	2023		2022		2022
Domestic	$	55,069	$	30,362	$	24,003
Foreign		159,787		151,750		73,623
Income before taxes	$	214,856	$	182,112	$	97,626

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

	Year Ended
	December 30,			December 31,			January 1,
(In thousands)	2023			2022			2022
Current:
Federal	$	10,331		$	748		$	445
State		1,059			265			45
Foreign		3,019			3,637			1,538
		14,409			4,650			2,028
Deferred:
Federal		(56,323	)		—			—
State		—			—			—
Foreign		(2,291	)		(1,420	)		(324	)
		(58,614	)		(1,420	)		(324	)
Income tax (benefit) expense	$	(44,205	)	$	3,230		$	1,704

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

	Year Ended
	December 30,	December 31,	January 1,
	2023	2022	2022
	%	%	%
Statutory federal rate	21	21	21
Adjustments for tax effects of:
State taxes, net	(1)	(2)	(4)
Federal tax credits	(4)	(1)	(3)
Excess tax benefit from stock-based compensation	(2)	—	(8)
Foreign rate differential	(15)	(16)	(14)
U.S. tax on foreign operations	9	33	3
Capital loss expiration	—	1	3
Valuation allowance	(29)	(33)	8
Change in uncertain tax benefit accrual	—	(2)	(5)
Other	—	1	1
Effective income tax rate	(21)	2	2

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

(In thousands)	December 30, 2023			December 31, 2022
Deferred tax assets:
Intangible assets	$	4,274		$	6,264
Net operating loss carry forwards		13,829			15,362
Tax credit carry forwards		87,955			103,092
Accrued liabilities and reserves		23,249			12,932
Stock-based and deferred compensation		5,199			3,769
Other		5,162			5,031
Total deferred tax assets		139,668			146,450
Less: valuation allowance		(79,100	)		(140,533	)
Net deferred tax assets		60,568			5,917
Deferred tax liabilities:
Fixed assets		1,475			2,058
Unremitted earnings		620			2,498
Other		6,889			8,134
Total deferred tax liabilities		8,984			12,690
Net deferred taxes	$	51,584		$	(6,773	)
Reported as:
Deferred tax assets	$	57,762		$	1,022
Deferred tax liabilities (included in Other long-term liabilities)		(6,178	)		(7,795	)
Net deferred taxes	$	51,584		$	(6,773	)

Summary of Valuation Allowance [Table Text Block]

Fiscal Years Ended	Balance at beginning		Charged (Credit) to costs and			Charged (credit) to other		Balance at end of
(In thousands)	of period		expenses			accounts		period
December 30, 2023	$	140,533	$	(61,433	)	$	—	$	79,100
December 31, 2022	$	200,438	$	(59,905	)	$	—	$	140,533
January 1, 2022	$	192,478	$	7,960		$	—	$	200,438

Schedule of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns Roll Forward [Table Text Block]

	(In thousands)
Balance at January 2, 2021	$	55,737
Additions based on tax positions related to the current year		1,156
Additions based on tax positions of prior years		1,130
Additions due to acquisition		977
Settlements		(51	)
Reduction as a result of lapse of applicable statute of limitations		(2,718	)
Balance at January 1, 2022		56,231
Additions based on tax positions related to the current year		1,594
Additions based on tax positions of prior years		2,798
Settlements		(148	)
Reduction as a result of lapse of applicable statute of limitations		(1,586	)
Balance at December 31, 2022		58,889
Additions based on tax positions related to the current year		2,247
Additions based on tax positions of prior years		1,128
Reductions for tax positions of prior years		(156	)
Reduction as a result of lapse of applicable statute of limitations		(696	)
Balance at December 30, 2023	$	61,412