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INCOME TAXES
3 Months Ended
Jun. 27, 2020
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES

The Company and its subsidiaries are subject to taxation in the U.S. and in various foreign and state jurisdictions. The Company's tax benefit is determined using an estimate of its annual effective tax rate and adjusted for discrete items that are taken into account in the relevant period. The effective tax rates for the three months ended June 27, 2020 and June 29, 2019 were 4.1% and 14.4%, respectively.

As of June 27, 2020, the Company had approximately $89.5 million in non-US net deferred tax assets ("DTAs") after valuation allowance, and continued to maintain a 100% valuation allowance against its U.S. federal and state deferred tax assets. A significant portion of the Company's DTAs relate to internal intangible property restructuring between wholly-owned subsidiaries. At this time, based on evidence currently available, the Company considers it more likely than not that it will have sufficient taxable income in the future that will allow the Company to realize the DTAs; however, failure to generate sufficient taxable income could result in some or all DTAs not being utilized in the future. If the Company is unable to generate sufficient future taxable income, a substantial valuation allowance to reduce the Company's DTAs may be required.

The Company is subject to the examination of its income tax returns by the Internal Revenue Service and other tax authorities. Significant judgment is required in evaluating our uncertain tax positions and determining the Company's provision for income taxes. As of June 27, 2020, the Company had a total gross unrecognized tax benefits of $37.2 million compared with $36.9 million as of June 29, 2019. If recognized, the gross unrecognized tax benefits would reduce the effective tax rate in the period of recognition.