XML 52 R37.htm IDEA: XBRL DOCUMENT v3.25.3
INCOME TAX (Tables)
12 Months Ended
Sep. 27, 2025
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]
Year Ended
September 27,
2025
September 28,
2024
September 30,
2023
(In thousands)
Domestic$131,662 $131,930 $157,548 
Foreign207,766 185,605 255,259 
Total$339,428 $317,535 $412,807 
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
Year Ended
September 27,
2025
September 28,
2024
September 30,
2023
(In thousands)
Federal:
Current$7,378 $1,814 $362 
Deferred15,717 23,581 36,431 
State:
Current4,791 2,888 3,188 
Deferred(1,323)3,048 3,329 
Foreign:
Current64,724 44,816 53,346 
Deferred(18,119)3,637 (11,362)
Total provision for income taxes$73,168 $79,784 $85,294 
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
As of
September 27,
2025
September 28,
2024
(In thousands)
Deferred tax assets:
U.S. net operating loss carryforwards$13,045 $15,600 
Foreign net operating loss carryforwards115,715 111,332 
Intangibles11,719 14,268 
Accruals not currently deductible63,624 45,515 
Property, plant and equipment29,891 25,945 
Tax credit carryforwards9,610 23,086 
Reserves not currently deductible16,842 17,332 
Stock compensation expense6,871 6,725 
Federal benefit of foreign operations24,296 25,679 
Capitalized research and development15,219 13,630 
Lease deferred tax asset15,533 17,802 
Other10,298 13,822 
Valuation allowance(120,888)(121,035)
Total deferred tax assets211,775 209,701 
Deferred tax liabilities on undistributed earnings(11,025)(21,414)
Deferred tax liabilities on branch operations(26,038)(23,473)
Revenue recognition— — 
Lease deferred tax liability(15,237)(17,510)
Net deferred tax assets$159,475 $147,304 
Recorded as:
Deferred tax assets$171,218 $160,703 
Deferred tax liabilities(11,743)(13,399)
Net deferred tax assets$159,475 $147,304 
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
Year Ended
September 27,
2025
September 28,
2024
September 30,
2023
Federal tax at statutory tax rate21.00 %21.00 %21.00 %
Effect of foreign operations0.34 2.15 0.81 
Permanent items1.34 1.87 0.96 
Federal credits(0.64)(0.98)(0.57)
Other0.65 (0.20)0.06 
State income taxes, net of federal benefit0.46 2.24 1.43 
Release of foreign tax reserves(1.59)(0.95)(3.03)
Effective tax rate21.56 %25.13 %20.66 %
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]
Year Ended
September 27,
2025
September 28,
2024
September 30,
2023
(In thousands)
Balance, beginning of year$48,543 $44,707 $53,552 
Increase (decrease) related to prior year tax positions(1,192)3,480 (331)
Increase related to current year tax positions725 2,500 2,040 
Settlements— — (1,911)
Decrease related to lapse of time and expiration of statutes of limitations(4,047)(2,144)(8,643)
Balance, end of year$44,029 $48,543 $44,707