Taxes (Tables)

12 Months Ended

Dec. 30, 2023

Income Tax Disclosure [Abstract]

Schedule of significant components of the consolidated deferred tax assets and liabilities

Significant components of the consolidated deferred tax assets and liabilities were (in thousands):

Fiscal Year	2023		2022
Deferred income tax assets:
Inventory	$	1,940	$	2,985
Compensation	6,368		7,936
Property, plant and equipment	4,611		2,120
Trade names and customer lists	2,489		3,819
Goodwill	6,712		8,867
Foreign accruals	6,785		4,538
Loss carryforwards	128,055		79,130
Tax credit carryforwards	11,134		5,717
Capitalized research and development	6,882		6,066
Interest disallowance	15,143		12,701
Lease liabilities	40,633		47,354
Other	15,207		15,862
Deferred income tax assets total	$	245,959	$	197,095
Deferred income tax liabilities:
Right-of-use assets	(32,531)		(36,821)
Other	(97)		(281)
Deferred income tax liabilities total	$	(32,628)	$	(37,102)
Valuation allowance	(192,603)		(143,347)
Net deferred income tax assets	$	20,728	$	16,646
Deferred income tax assets - net	$	21,426	$	17,262
Deferred income tax liabilities - net	(698)		(616)
Net deferred income tax assets	$	20,728	$	16,646

Schedule of the amounts and the fiscal year of expiration of loss carryforwards

The amounts and the fiscal year of expiration of the loss carryforwards are (in thousands):

Expires 2024 through 2028	$	29,334
Expires 2029 through 2033	86,962
Expires 2034 through 2038	37,126
Expires 2039 through 2043	102,217
Indefinite	64,770
Total loss carryforwards	$	320,409

The state apportioned amounts and the fiscal year of expiration of the loss carryforwards are (in thousands):

Expires 2024 through 2028	$	7,975
Expires 2029 through 2033	26,267
Expires 2034 through 2038	49,802
Expires 2039 through 2043	124,558
Indefinite	64,326
Total loss carryforwards	$	272,928

Schedule of income before income taxes for the Company's U.S. and non-U.S. based operations

The following table identifies income (loss) before income taxes for the Company's U.S. and non-U.S. based operations for the fiscal years indicated (in thousands):

Fiscal Year	2023		2022		2021
U.S.	$	(130,620)	$	(43,927)	$	(32,423)
Non-U.S.	(25,517)		21,801		85,474
Total	$	(156,137)	$	(22,126)	$	53,051

Schedule of components of provision for income taxes

The Company's provision for income taxes consisted of the following for the fiscal years indicated (in thousands):

Fiscal Year	2023		2022		2021
Current provision:
U.S. federal	$	(3,798)	$	5,901	$	1,714
Non-U.S	8,315		9,944		17,027
State and local	(120)		(98)		(274)
Total current	4,397		15,747		18,467
Deferred provision (benefit):
Non-U.S	(3,875)		5,653		7,960
Total deferred	(3,875)		5,653		7,960
Provision for income taxes	$	522	$	21,400	$	26,427

Schedule of reconciliation of the U.S. federal statutory income tax rate to the effective tax rate

A reconciliation of the U.S. federal statutory income tax rates to the Company's effective tax rate is as follows:

Fiscal Year	2023		2022		2021
Tax at statutory rate	21.0	%	21.0	%	21.0	%
Permanent differences	0.1		(4.9)		(2.5)
State, net of federal tax benefit	2.3		8.6		(2.0)
Foreign rate differential	1.8		21.5		(3.8)
Withholding taxes	(2.0)		(19.3)		7.5
GILTI tax-net of foreign tax credits	—		—		5.7
U.S. tax on foreign income-net of foreign tax credits	0.3		—		—
Income tax contingencies	0.4		(4.8)		3.9
Federal Interest on IRS Refund	2.5		—		—
Valuation allowances	(32.5)		(110.6)		31.9
R&D/Foreign Tax Credits	3.5		—		(5.6)
Deficiencies (Benefits) on employee stock awards	(0.6)		(2.7)		(0.3)
APB23 Assertion	(0.1)		0.6		(6.9)
Return to provision true-up	2.7		4.8		—
Non deductible foreign equity awards	(0.2)		(2.0)		0.8
Non deductible officer compensation	(0.1)		(3.4)		1.0
Foreign currency hedges	—		1.2		0.7
Adjustments related to intercompany	—		(5.9)		0.4
Other	0.6		(0.8)		(2.0)
Provision for income taxes	(0.3)	%	(96.7)	%	49.8	%

Schedule of reconciliation of the total amounts of unrecognized tax benefits

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits for the fiscal years indicated (in thousands):

Fiscal Year	2023		2022		2021
Balance at beginning of year	$	23,998	$	29,833	$	31,540
Gross increases—tax positions in prior years	214		1,069		2,266
Gross decreases—tax positions in prior years	—		(1,395)		(3,016)
Gross increases—tax positions in current year	1,006		1,275		1,120
Settlements	(1,583)		(5,350)		(630)
Lapse in statute of limitations	(173)		(171)		(1,188)
Change due to currency revaluation	177		(1,263)		(259)
Balance at end of year	$	23,639	$	23,998	$	29,833