Income Taxes (Tables)

12 Months Ended

Dec. 28, 2024

Income Tax Disclosure [Abstract]

Schedule of Consolidated Income Before Income Taxes

Consolidated earnings before income taxes consists of the following for 2024, 2023, and 2022:

	Year Ended
	2024		2023		2022
United States	$	(35,274)	$	(19,988)	$	(23,996)
Foreign	111,625		122,441		132,617
Total earnings before income taxes	$	76,351	$	102,453	$	108,621

Schedule of Income Tax Expense (Benefit) Included in Income From Continuing Operations

Income tax expense (benefit) included in income from continuing operations consists of the following:

	Year Ended
	2024		2023		2022
Current
Federal	$	—	$	(42)	$	42
State	330		469		297
Foreign	40,699		40,913		45,869
Total Current	41,029		41,340		46,208
Deferred
Federal	(6,803)		(4,031)		(9,180)
State	(100)		(59)		(331)
Foreign	165		1,415		2,574
Total Deferred	(6,738)		(2,675)		(6,937)
	$	34,291	$	38,665	$	39,271

Schedule of Effective Income Tax Rate

The effective tax rate for 2024, 2023, and 2022 reconciled to the statutory U.S. Federal tax rate is as follows:

	Year Ended
	2024		2023		2022
Statutory U.S. federal income tax rate	21.0	%	21.0	%	21.0	%
State income taxes, net of federal tax benefit	0.5		0.5		0.4
Permanent tax differences	0.9		0.7		0.3
Excess foreign tax credits	(26.3)		(16.4)		(16.6)
Net increase in valuation allowance	24.4		13.0		11.9
Foreign income tax rate differences	15.2		8.7		9.5
Foreign withholding taxes	12.3		10.6		9.7
Uncertain tax position reserve	0.6		(0.4)		0.5
Change in U.S. tax laws	(2.6)		—		—
All other, net	(1.0)		—		(0.5)
	44.9	%	37.7	%	36.2	%

Schedule of Deferred Taxes

The significant categories of deferred taxes are as follows:

	December 28, 2024		December 30, 2023
Deferred tax assets
Inventory	$	4,749	$	5,588
Accruals not currently deductible	6,869		6,680
Equity-based compensation expense	2,438		2,580
Depreciation and amortization	777		771
Intangible assets	6,162		6,359
Foreign currency translation	2,066		1,760
Capitalized R&D expenses	16,450		13,537
Tax credit carry forwards	152,951		134,205
Net operating losses	2,348		1,956
Other	5,343		3,237
Gross deferred tax assets	200,153		176,673
Valuation allowance	(156,669)		(137,252)
Net deferred tax assets	43,484		39,421
Deferred tax liabilities
Depreciation and amortization	(6,653)		(5,897)
Prepaid expenses	(1,992)		(1,819)
Intangible assets	(6,162)		(6,359)
Withholding tax on unremitted earnings	(9,899)		(11,673)
Other	(3,207)		(4,941)
Gross deferred tax liabilities	(27,913)		(30,689)
Net deferred taxes	$	15,571	$	8,732

The components of net deferred taxes are as follows:

	December 28, 2024		December 30, 2023
Net deferred tax assets	$	19,644	$	13,284
Net deferred tax liabilities	(4,073)		(4,552)
Net deferred taxes	$	15,571	$	8,732

Schedule of Unrecognized Tax Benefits Reconciliation

The following reconciliation provides the changes in unrecognized tax benefits for the years presented:

	Year Ended
	2024		2023		2022
Beginning balance of unrecognized tax benefits	$	1,074	$	1,450	$	1,008
Increases related to prior year tax positions	43		30		107
Decreases related to prior year tax positions	(69)		(363)		—
Increases related to current year tax positions	139		409		468
Decreases for settlements with taxing authorities	—		(452)		(133)
Ending balance of unrecognized tax benefits	$	1,187	$	1,074	$	1,450