XML 27 R15.htm IDEA: XBRL DOCUMENT v3.4.0.3
Income Taxes
3 Months Ended
Apr. 03, 2016
Income Tax Disclosure [Abstract]  
Income Taxes
INCOME TAXES
Our tax provision for the thirteen week period ended April 3, 2016 consisted of taxes accrued in the U.S. and foreign jurisdictions. We continue to record a valuation allowance against a portion of our U.S. and foreign deferred tax assets as we do not believe it is more likely than not that we will be able to utilize the deferred tax assets in future periods.
Deferred Income Taxes
Net deferred tax assets were classified on the balance sheet as follows (in thousands):
 
April 3,
2016
 
December 31,
2015
Deferred tax assets – current
$

 
$
10,566

Deferred tax assets – non-current
12,885

 
6,719

Deferred tax liabilities – current

 
(441
)
Deferred tax liabilities – non-current
(5,383
)
 
(5,187
)
Net deferred tax assets
$
7,502

 
$
11,657

Valuation allowance
$
3,532

 
$
3,562

Unrecognized Tax Benefits
During the thirteen week period ended April 3, 2016, unrecognized tax benefits, interest and penalties increased by $5.4 million primarily due to $5.2 million of accruals related to our recently acquired business. We recognize interest and penalties related to unrecognized tax benefits in tax expense.
For our major tax jurisdictions, the following years were open for examination by the tax authorities as of April 3, 2016:
Jurisdiction
 
Open Tax Years
U.S.
 
2012 and forward
The Netherlands
 
2013 and forward
Czech Republic
 
2013 and forward