Note D - Income Taxes (Tables)

12 Months Ended

Jan. 01, 2022

Notes Tables

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

	Year Ended
	2021		2020		2019
U.S.	$	13,017	$	18,838	$	111
Foreign		157,625		159,110		150,385
Total earnings before income taxes	$	170,642	$	177,948	$	150,496

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

	Year Ended
	2021			2020			2019
Current
Federal	$	(264	)	$	306		$	-
State		567			303			303
Foreign		56,668			55,147			53,281
Total Current		56,971			55,756			53,584
Deferred
Federal		(4,088	)		1,317			(3,120	)
State		(40	)		(47	)		(42	)
Foreign		1,294			(3,742	)		(452	)
Total Deferred		(2,834	)		(2,472	)		(3,614	)
	$	54,137		$	53,284		$	49,970

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

	Year Ended
	2021			2020			2019
Statutory U.S. federal income tax rate		21.0	%		21.0	%		21.0	%
State income taxes, net of federal tax benefit		0.4			0.3			0.3
Permanent tax differences		0.1			0.2			-
Excess foreign tax credits		(10.9	)		(9.9	)		(13.0	)
Net increase in valuation allowance		10.6			8.2			11.7
Foreign income tax rate differences		1.8			1.7			4.3
Foreign withholding taxes		7.9			7.7			8.6
Uncertain tax position reserve		(0.3	)		0.8			0.4
All other, net		1.1			(0.1	)		(0.1	)
		31.7	%		29.9	%		33.2	%

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

	January 1,			January 2,
	2022			2021
Deferred tax assets
Inventory	$	5,106		$	3,150
Accruals not currently deductible		11,634			12,748
Equity-based compensation expense		2,355			2,982
Property and equipment		1,143			1,129
Intangible assets		7,545			7,691
Capitalized R&D Expenses		2,337			-
Tax credit carry forwards		96,635			76,929
Net operating losses		1,401			2,071
Other		4,824			4,061
Gross deferred tax assets		132,980			110,761
Valuation allowance		(99,958	)		(81,401	)
Net deferred tax assets		33,022			29,360
Deferred tax liabilities
Property and equipment		(5,268	)		(4,900	)
Foreign currency translation		(126	)		(1,691	)
Prepaid expenses		(3,596	)		(4,043	)
Intangible assets		(7,545	)		(7,691	)
Withholding tax on unremitted earnings		(13,556	)		(14,589	)
Other		(5,589	)		(3,815	)
Gross deferred tax liabilities		(35,680	)		(36,729	)
Net deferred taxes	$	(2,658	)	$	(7,369	)

	January 1,			January 2,
	2022			2021
Net deferred tax assets	$	4,839		$	4,640
Net deferred tax liabilities		(7,497	)		(12,009	)
Net deferred taxes	$	(2,658	)	$	(7,369	)

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

	Year Ended
	2021			2020			2019
Beginning balance of unrecognized tax benefits	$	1,528		$	560		$	282
Increases related to prior year tax positions		21			775			278
Decreases related to prior year tax positions		(330	)		-			-
Increases related to current year tax positions		424			753			-
Decreases for settlements with taxing authorities		(635	)		(560	)		-
Ending balance of unrecognized tax benefits	$	1,008		$	1,528		$	560