Note 11 Income Tax (Tables)

12 Months Ended

Sep. 28, 2019

Income Tax Disclosure [Abstract]

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

 

	Year Ended
	September 28, 2019		September 29, 2018		September 30, 2017
	(In thousands)
Domestic	$	153,696	$	16,215	$	128,493
Foreign	91,923		81,324		84,987
Total	$	245,619	$	97,539	$	213,480

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

 

	Year Ended
	September 28, 2019		September 29, 2018			September 30, 2017
	(In thousands)
Federal:
Current	$	868	$	(122	)	$	(2,524	)
Deferred	45,910		170,994			37,543
State:
Current	2,747		32			1,648
Deferred	2,961		(3,672		)	4,204
Foreign:
Current	45,929		20,287			37,076
Deferred	5,689		5,553			(3,300		)
Total provision for income taxes	$	104,104	$	193,072		$	74,647

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

	As of
	September 28, 2019			September 29, 2018
	(In thousands)
Deferred tax assets:
U.S. net operating loss carryforwards	$	184,188		$	218,710
Foreign net operating loss carryforwards	117,403			129,866
Intangibles	19,422			15,099
Accruals not currently deductible	45,117			45,922
Property, plant and equipment	28,710			22,596
Tax credit carryforwards	13,601			13,825
Reserves not currently deductible	15,266			14,420
Stock compensation expense	10,249			13,645
Federal benefit of foreign operations	14,006			7,104
Other	5,889			5,934
Valuation allowance	(115,998		)	(113,559		)
Total deferred tax assets	337,853			373,562
Deferred tax liabilities on undistributed earnings	(18,690		)	(23,986		)
Deferred tax liabilities on branch operations	(34,378		)	(10,906		)
Other deferred tax liabilities	(9,456		)	—
Net deferred tax assets	$	275,329		$	338,670
Recorded as:
Non-current deferred tax assets	$	279,803		$	344,124
Non-current deferred tax liabilities	(4,474		)	(5,454		)
Net deferred tax assets	$	275,329		$	338,670

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

	Year Ended
	September 28, 2019		September 29, 2018		September 30, 2017
Federal tax at statutory tax rate	21.00	%	24.50	%	35.00	%
Tax Act impact	—		165.16		—
Effect of foreign operations	9.30		7.92		1.89
Permanent items	0.40		(1.37	)	2.10
Discrete charge for restructuring transaction	8.88		—		—
Discrete benefit of foreign restructuring	—		—		(4.92	)
Other	0.61		0.49		(1.84	)
State income taxes, net of federal benefit	2.19		1.24		2.72
Effective tax rate	42.38	%	197.94	%	34.95	%

Summary of Income Tax Contingencies [Table Text Block]

	Year Ended
	September 28, 2019			September 29, 2018			September 30, 2017
	(In thousands)
Balance, beginning of year	$	60,787		$	67,022		$	55,773
Increase (decrease) related to prior year tax positions	(1,731		)	(5,917		)	1,670
Increase related to current year tax positions	8,902			8,392			9,741
Settlements	(626		)	(7,648		)	—
Decrease related to lapse of applicable statute of limitations	(655		)	(1,062		)	(162		)
Balance, end of year	$	66,677		$	60,787		$	67,022