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13-Weeks Ended

March 30,

March 31,

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 30, 2019	Apr. 29, 2019
Document And Entity Information
Entity Registrant Name	GARMIN LTD
Entity Central Index Key	0001121788
Document Type	10-Q
Trading Symbol	GRMN
Document Period End Date	Mar. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-29
Entity's Reporting Status Current	Yes
Entity Small Business	false
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		198,077,418
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2019

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 29, 2018
Current assets:
Cash and cash equivalents	$ 1,115,951	$ 1,201,732
Marketable securities	197,385	182,989
Accounts receivable, net	453,069	569,833
Inventories	598,387	561,840
Deferred costs	27,567	28,462
Prepaid expenses and other current assets	119,778	120,512
Total current assets	2,512,137	2,665,368
Property and equipment, net	672,299	663,527
Operating lease right-of-use assets	54,978
Restricted cash	148	73
Marketable securities	1,337,771	1,330,123
Deferred income taxes	170,935	176,959
Noncurrent deferred costs	28,428	29,473
Intangible assets, net	411,162	417,080
Other assets	92,287	100,255
Total assets	5,280,145	5,382,858
Current liabilities:
Accounts payable	170,474	204,985
Salaries and benefits payable	95,881	113,087
Accrued warranty costs	35,042	38,276
Accrued sales program costs	54,597	90,388
Deferred revenue	93,653	96,372
Accrued royalty costs	16,768	24,646
Accrued advertising expense	18,263	31,657
Other accrued expenses	81,919	69,777
Income taxes payable	55,929	51,642
Dividend payable		200,483
Total current liabilities	622,526	921,313
Deferred income taxes	98,959	92,944
Noncurrent income taxes	127,339	127,211
Noncurrent deferred revenue	72,531	76,566
Noncurrent operating lease liabilities	43,277
Other liabilities	227	1,850
Stockholders' equity:
Shares, CHF 0.10 par value, 198,077 shares authorized and issued; 189,847 shares outstanding at March 30, 2019; and 189,461 shares outstanding at December 29, 2018;	17,979	17,979
Additional paid-in capital	1,810,196	1,823,638
Treasury stock	(381,815)	(397,692)
Retained earnings	2,850,588	2,710,619
Accumulated other comprehensive income	18,338	8,430
Total stockholders' equity	4,315,286	4,162,974
Total liabilities and stockholders' equity	$ 5,280,145	$ 5,382,858

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - SFr / shares	Mar. 30, 2019	Dec. 29, 2018
Common shares, authorized	198,077	198,077
Common shares, issued	198,077	198,077
Common shares, outstanding	189,847	189,461
CHF [Member]
Common shares, par value (in swiss francs per share)	SFr 0.10	SFr 0.10

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Income Statement [Abstract]
Net sales	$ 766,050	$ 710,872
Cost of goods sold	314,352	284,337
Gross profit	451,698	426,535
Advertising expense	27,615	25,311
Selling, general and administrative expense	126,781	117,065
Research and development expense	145,919	141,957
Total operating expense	300,315	284,333
Operating income	151,383	142,202
Other income:
Interest income	13,704	10,227
Foreign currency gains	314	816
Other income	864	735
Total other income	14,882	11,778
Income before income taxes	166,265	153,980
Income tax provision	26,092	24,606
Net income	$ 140,173	$ 129,374
Net income per share:
Basic (in dollars per share)	$ 0.74	$ 0.69
Diluted (in dollars per share)	$ 0.74	$ 0.68
Weighted average common shares outstanding:
Basic (in shares)	189,601	188,322
Diluted (in shares)	190,599	189,292

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 140,173	$ 129,374
Foreign currency translation adjustment	(9,235)	23,500
Change in fair value of available-for-sale marketable securities, net of deferred taxes	19,143	(15,034)
Comprehensive income	$ 150,081	$ 137,840

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance at beginning at Dec. 30, 2017	$ 17,979	$ 1,828,386	$ (468,818)	$ 2,418,444	$ 56,428	$ 3,852,419
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				129,374		129,374
Translation adjustment					23,500	23,500
Adjustment related to unrealized gains (losses) on available-for-sale securities net of income tax effects					(15,034)	(15,034)
Comprehensive income						137,840
Dividends declared				(170)		(170)
Issuance of treasury stock related to equity awards		(23,294)	25,220			1,926
Stock compensation		13,440				13,440
Purchase of treasury stock related to equity awards			(6,562)			(6,562)
Reclassification under ASU (Accounting Standards Update 2016-06 [Member]) at Mar. 31, 2018				(1,700)		(1,700)
Reclassification under ASU (Accounting Standards Update 2018-02 [Member]) at Mar. 31, 2018				452	(452)
Balance at ending at Mar. 31, 2018	17,979	1,818,532	(450,160)	2,546,400	64,442	3,997,193
Balance at beginning at Dec. 29, 2018	17,979	1,823,638	(397,692)	2,710,619	8,430	4,162,974
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				140,173		140,173
Translation adjustment					(9,235)	(9,235)
Adjustment related to unrealized gains (losses) on available-for-sale securities net of income tax effects					19,143	19,143
Comprehensive income						150,081
Dividends declared				(204)		(204)
Issuance of treasury stock related to equity awards		(28,571)	28,571
Stock compensation		15,129				15,129
Purchase of treasury stock related to equity awards			(12,694)			(12,694)
Balance at ending at Mar. 30, 2019	$ 17,979	$ 1,810,196	$ (381,815)	$ 2,850,588	$ 18,338	$ 4,315,286

Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Statement of Stockholders' Equity [Abstract]
Adjustment related to unrealized gains (losses) on available-for-sale securities income tax effects	$ 2,905	$ 2,416

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Operating activities:
Net income	$ 140,173	$ 129,374
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	16,832	16,014
Amortization	7,179	7,132
Loss (gain) on sale or disposal of property and equipment	227	(15)
Provision for doubtful accounts	408	57
Provision for obsolete and slow moving inventories	7,579	3,959
Unrealized foreign currency loss (gain)	3,124	(517)
Deferred income taxes	9,105	416
Stock compensation expense	15,129	13,440
Realized losses on marketable securities	60	196
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	112,488	187,693
Inventories	(46,646)	(26,455)
Other current and non-current assets	2,930	9,037
Accounts payable	(32,786)	(36,708)
Other current and non-current liabilities	(76,030)	(99,935)
Deferred revenue	(6,744)	(8,368)
Deferred costs	1,938	1,807
Income taxes payable	9,616	17,063
Net cash provided by operating activities	164,582	214,190
Investing activities:
Purchases of property and equipment	(30,094)	(26,336)
Proceeds from sale of property and equipment	47	121
Purchase of intangible assets	(413)	(1,622)
Purchase of marketable securities	(83,068)	(140,623)
Redemption of marketable securities	80,907	65,253
Acquisitions, net of cash acquired		(9,417)
Net cash used in investing activities	(32,621)	(112,624)
Financing activities:
Dividends	(200,687)	(96,146)
Proceeds from issuance of treasury stock related to equity awards		1,926
Purchase of treasury stock related to equity awards	(12,694)	(6,562)
Net cash used in financing activities	(213,381)	(100,782)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(4,286)	6,717
Net (decrease) increase in cash, cash equivalents, and restricted cash	(85,706)	7,501
Cash, cash equivalents, and restricted cash at beginning of period	1,201,805	891,759
Cash, cash equivalents, and restricted cash at end of period	$ 1,116,099	$ 899,260

Accounting Policies

3 Months Ended

Mar. 30, 2019

Accounting Policies [Abstract]

Accounting Policies

1.	Accounting Policies

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Additionally, the condensed consolidated financial statements should be read in conjunction with Item 2 of Management’s Discussion and Analysis of Financial Condition and Results of Operations, included in this Form 10-Q. Operating results for the 13-week period ended March 30, 2019 are not necessarily indicative of the results that may be expected for the year ending December 28, 2019.

The condensed consolidated balance sheet at December 29, 2018 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 29, 2018.

The Company’s fiscal year is based on a 52-53 week period ending on the last Saturday of the calendar year. Therefore, the financial results of certain 53-week fiscal years, and the associated 14-week quarters, will not be exactly comparable to the prior and subsequent 52-week fiscal years and the associated 13-week quarters. The quarters ended March 30, 2019 and March 31, 2018 both contain operating results for 13 weeks.

Recently Adopted Accounting Standards

Leases

In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases (Topic 842) (“ASU 2016-02”), which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both lessees and lessors. The FASB subsequently issued Accounting Standards Update No. 2018-10 and Accounting Standards Update No. 2018-11 in July 2018, which provide clarifications and improvements to ASU 2016-02 (collectively, the “new lease standard”). Accounting Standards Update No. 2018-11 also provides the optional transition method which allows companies to apply the new lease standard at the adoption date instead of at the earliest comparative period presented. The new lease standard requires lessees to present a right-of-use asset and a corresponding lease liability on the balance sheet.

The Company adopted the new lease standard as of the beginning of the 2019 fiscal year using the optional transition method. The Company did not have a cumulative effect adjustment to retained earnings as a result of adopting the new lease standard and does not expect the new lease standard to have a material impact on the Company's consolidated statements of income or consolidated statements of cash flows in future periods. The Company elected the package of transitional practical expedients upon adoption which, among other provisions, allowed the Company to carry forward historical lease classification. See Note 12 – Leases for additional information regarding leases.

Significant Accounting Policies

For a description of the significant accounting policies and methods used in the preparation of the Company’s condensed consolidated financial statements, refer to Note 2, “Summary of Significant Accounting Policies” in the Notes to the Consolidated Financial Statements in Part II, Item 8 of the Company’s Annual Report on Form 10-K for the fiscal year ended December 29, 2018. Other than the policy discussed below, there were no material changes to the Company’s significant accounting policies during the 13-week period ended March 30, 2019.

Preproduction Costs Related to Long-Term Supply Arrangements

Preproduction design and development costs related to long-term supply arrangements are expensed as incurred, and classified as Research and development, unless the customer has provided a contractual guarantee for reimbursement of such costs. Contractually reimbursable costs are capitalized as incurred in the Condensed Consolidated Balance Sheets within Prepaid expenses and other current assets if reimbursement is expected to be received within one year, or within Other assets if expected to be received beyond one year. Such capitalized costs were approximately $5 million as of March 30, 2019, and there were no such capitalized costs as of December 29, 2018.

Inventories

3 Months Ended

Mar. 30, 2019

Inventory Disclosure [Abstract]

Inventories

2.

Inventories

The components of inventories consist of the following:

	March 30,		December 29,
	2019		2018

Raw materials	$	213,380	$	205,696
Work-in-process		103,204		96,564
Finished goods		281,803		259,580
Inventories	$	598,387	$	561,840

Earnings Per Share

3 Months Ended

Mar. 30, 2019

Net income per share:

Earnings Per Share

3.	Earnings Per Share

The following table sets forth the computation of basic and diluted net income per share:

	13-Weeks Ended
	March 30,		March 31,
	2019		2018
Numerator:

Numerator for basic and diluted net income per share - net income	$	140,173	$	129,374

Denominator:
Denominator for basic net income per share – weighted-average common shares		189,601		188,322

Effect of dilutive securities – stock options, stock appreciation rights and restricted stock units		998		970

Denominator for diluted net income per share – adjusted weighted-average common shares		190,599		189,292

Basic net income per share	$	0.74	$	0.69

Diluted net income per share	$	0.74	$	0.68

There were no anti-dilutive stock options, stock appreciation rights and restricted stock units (collectively “equity awards”) outstanding during the 13-week periods ended March 30, 2019 and March 31, 2018.

There were 386 and 332 net shares issued as a result of exercises and releases of equity awards for the 13-week periods ended March 30, 2019 and March 31, 2018, respectively.

Segment Information

3 Months Ended

Mar. 30, 2019

Segment Reporting [Abstract]

Segment Information

4.	Segment Information

The Company has identified five reportable segments – auto, aviation, fitness, marine, and outdoor. The Company’s Chief Executive Officer has been identified as the Chief Operating Decision Maker (CODM), who uses operating income as the measure of profit or loss to assess segment performance and allocate resources. Operating income represents net sales less costs of goods sold and operating expenses. Net sales are directly attributed to each segment. Most costs of goods sold and the majority of operating expenses are also directly attributed to each segment, while certain other costs of goods sold and operating expenses are allocated to the segments in a manner appropriate to the specific facts and circumstances of the expenses being allocated.

In the first quarter of fiscal 2019, the methodology used to allocate certain selling, general, and administrative expenses to the segments was refined, endeavoring to provide the Company’s CODM with a more meaningful representation of segment profit or loss in light of the evolution of its segments. The Company’s composition of operating segments and reportable segments did not change. Prior year amounts are presented here as they were originally reported, as it is not practicable to accurately restate prior period activity in accordance with the refined allocation methodology. For comparative purposes, we estimate operating income for the 13-weeks ended March 31, 2018 would have been approximately $4 million less for the aviation segment, approximately $4 million more for the marine segment, and not significantly different for the outdoor, fitness, and auto segments.

Net sales (“revenue”), gross profit, and operating income for each of the Company’s reportable segments are presented below.

		Reportable Segments

		Outdoor		Fitness		Marine		Auto		Aviation		Total

13-Weeks Ended March 30, 2019

Net sales	$	154,051	$	180,256	$	133,968	$	126,999	$	170,776	$	766,050
Gross profit		97,488		90,835		78,055		57,337		127,983		451,698
Operating income		41,953		18,126		25,473		8,213		57,618		151,383

13-Weeks Ended March 31, 2018

Net sales	$	144,258	$	166,035	$	113,554	$	141,312	$	145,713	$	710,872
Gross profit		93,285		96,601		66,683		61,012		108,954		426,535
Operating income		43,822		33,374		13,131		3,468		48,407		142,202

Net sales to external customers by geographic region were as follows for the 13-week periods ended March 30, 2019 and March 31, 2018. Note that APAC includes Asia Pacific and Australian Continent and EMEA includes Europe, the Middle East and Africa:

	13-Weeks Ended
	March 30,		March 31,
	2019		2018
Americas	$	379,456	$	345,975
EMEA		260,021		245,912
APAC		126,573		118,985
Net sales to external customers	$	766,050	$	710,872

Net property and equipment by geographic region as of March 30, 2019 and March 31, 2018 are presented below.

	Americas		APAC		EMEA		Total
March 30, 2019
Property and equipment, net	$	413,632	$	212,933	$	45,734	$	672,299

March 31, 2018
Property and equipment, net	$	388,531	$	176,245	$	40,037	$	604,813

Warranty Reserves

3 Months Ended

Mar. 30, 2019

Product Warranties Disclosures [Abstract]

Warranty Reserves

5.	Warranty Reserves

The Company’s products sold are generally covered by a standard warranty for periods ranging from one to three years. The Company’s estimate of costs to service its warranty obligations are based on historical experience and management’s expectations and judgments of future conditions, and are recorded as a liability on the balance sheet. The following reconciliation provides an illustration of changes in the aggregate warranty reserve.

	13-Weeks Ended
	March 30,			March 31,
	2019			2018

Balance - beginning of period	$	38,276		$	36,827
Accrual for products sold during the period⁽¹⁾		10,849			10,012
Expenditures		(14,083	)		(11,417	)
Balance - end of period	$	35,042		$	35,422

⁽¹⁾	Changes in cost estimates related to pre-existing warranties are not material and aggregated with accruals for new warranty contracts in the ‘accrual for products sold during the period’ line.

Commitments and Contingencies

3 Months Ended

Mar. 30, 2019

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

6.	Commitments and Contingencies

Commitments

The Company is party to certain commitments, which include purchases of raw materials, advertising expenditures, and other indirect purchases in connection with conducting our business. The aggregate amount of purchase orders and other commitments open as of March 30, 2019 was approximately $435,100. We cannot determine the aggregate amount of such purchase orders that represent contractual obligations because purchase orders may represent authorizations to purchase rather than binding agreements. Our purchase orders are based on our current needs and are typically fulfilled within short periods of time.

Contingencies

In the normal course of business, the Company and its subsidiaries are parties to various legal claims, investigations and complaints, including matters alleging patent infringement and other intellectual property claims. The Company evaluates, on a quarterly and annual basis, developments in legal proceedings, investigations, claims, and other loss contingencies that could affect any required accrual or disclosure or estimate of reasonably possible loss or range of loss. An estimated loss from a loss contingency is accrued by a charge to income if it is probable that an asset has been impaired or a liability has been incurred and the amount of the loss can be reasonably estimated. If a range of loss is estimated, and some amount within that range appears to be a better estimate than any other amount within that range, then that amount is accrued. If no amount within the range can be identified as a better estimate than any other amount, the Company accrues the minimum amount in the range.

If an outcome unfavorable to the Company is determined to be probable, but the amount of loss cannot be reasonably estimated or is determined to be reasonably possible, but not probable, we disclose the nature of the contingency and an estimate of the possible loss or range of loss or a statement that such an estimate cannot be made. The Company’s aggregate range of reasonably possible losses includes (1) matters where a liability has been accrued and there is a reasonably possible loss in excess of the amount accrued for that liability, and (2) matters where a loss is believed to be reasonably possible, but not probable, and a liability therefore has not been accrued. This aggregate range only represents the Company’s estimate of reasonably possible losses and does not represent the Company’s maximum loss exposure. The assessment regarding whether a loss is probable or reasonably possible, and whether the loss or a range of loss is estimable, often involves a series of complex judgments about future events. In assessing the probability of an outcome in a lawsuit, claim or assessment that could be unfavorable to the Company, we consider the following factors, among others: a) the nature of the litigation, claim, or assessment; b) the progress of the case; c) the opinions or views of legal counsel and other advisers; d) our experience in similar cases; e) the experience of other entities in similar cases; and f) how we intend to respond to the lawsuit, claim, or assessment. Costs incurred in defending lawsuits, claims or assessments are expensed as incurred.

Management of the Company currently does not believe it is reasonably possible that the Company may have incurred a material loss, or a material loss in excess of recorded accruals, with respect to loss contingencies in the aggregate, for the fiscal quarter ended March 30, 2019. The results of legal proceedings, investigations and claims, however, cannot be predicted with certainty. An adverse resolution of one or more of such matters in excess of management’s expectations could have a material adverse effect in the particular quarter or fiscal year in which a loss is recorded, but based on information currently known, the Company does not believe it is likely that losses from such matters would have a material adverse effect on the Company’s business or its consolidated financial position, results of operations or cash flows.

The Company settled or resolved certain matters during the 13-week period ended March 30, 2019 that did not individually or in the aggregate have a material impact on the Company’s business or its consolidated financial position, results of operations or cash flows.

Income Taxes

3 Months Ended

Mar. 30, 2019

Income Tax Disclosure [Abstract]

Income Taxes

7. Income Taxes

The Company recorded income tax expense of $26,092 in the 13-week period ended March 30, 2019, compared to income tax expense of $24,606 in the 13-week period ended March 31, 2018. The effective tax rate was 15.7% in the first quarter of 2019, compared to 16.0% in the first quarter of 2018.

Marketable Securities

3 Months Ended

Mar. 30, 2019

Marketable Securities [Abstract]

Marketable Securities

8. Marketable Securities

The Financial Accounting Standards Board (“FASB”) ASC topic entitled Fair Value Measurements and Disclosures defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The accounting guidance classifies the inputs used to measure fair value into the following hierarchy:

Level 1

Unadjusted quoted prices in active markets for the identical asset or liability

Level 2

Observable inputs for the asset or liability, either directly or indirectly, such as quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability

Level 3

Unobservable inputs for the asset or liability

The Company endeavors to utilize the best available information in measuring fair value. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Valuation is based on prices obtained from an independent pricing vendor using both market and income approaches. The primary inputs to the valuation include quoted prices for similar assets in active markets, quoted prices for identical or similar assets in markets that are not active, contractual cash flows, benchmark yields, and credit spreads.

The method described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Company believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

Available-for-sale securities measured at fair value on a recurring basis are summarized below:

	Fair Value Measurements as of March 30, 2019
	Total		Level 1		Level 2		Level 3
U.S. Treasury securities	$	22,229	$	—	$	22,229	$	—
Agency securities		63,714		—		63,714		—
Mortgage-backed securities		131,973		—		131,973		—
Corporate securities		1,019,083		—		1,019,083		—
Municipal securities		171,551		—		171,551		—
Other		126,606		—		126,606		—
Total	$	1,535,156	$	—	$	1,535,156	$	—

	Fair Value Measurements as of December 29, 2018
	Total		Level 1		Level 2		Level 3
U.S. Treasury securities	$	22,128	$	—	$	22,128	$	—
Agency securities		59,116		—		59,116		—
Mortgage-backed securities		135,865		—		135,865		—
Corporate securities		980,524		—		980,524		—
Municipal securities		173,137		—		173,137		—
Other		142,342		—		142,342		—
Total	$	1,513,112	$	—	$	1,513,112	$	—

Marketable securities classified as available-for-sale securities are summarized below:

	Available-For-Sale Securities as of March 30, 2019

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury securities	$	22,448	$	—	$	(219	)	$	22,229
Agency securities		64,178		72		(535	)		63,715
Mortgage-backed securities		136,763		2		(4,793	)		131,972
Corporate securities		1,031,431		2,013		(14,361	)		1,019,083
Municipal securities		172,399		287		(1,135	)		171,551
Other		128,353		0		(1,747	)		126,606
Total	$	1,555,572	$	2,374	$	(22,790	)	$	1,535,156

	Available-For-Sale Securities as of December 29, 2018

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury securities	$	22,485	$	—	$	(357	)	$	22,128
Agency securities		60,088		28		(1,000	)		59,116
Mortgage-backed securities		142,176		1		(6,312	)		135,865
Corporate securities		1,010,590		33		(30,099	)		980,524
Municipal securities		175,630		73		(2,566	)		173,137
Other		144,606		0		(2,264	)		142,342
Total	$	1,555,575	$	135	$	(42,598	)	$	1,513,112

The Company’s investment policy targets low risk investments with the objective of minimizing the potential risk of principal loss. The fair value of our securities varies from period to period due to changes in interest rates, in the performance of the underlying collateral and in the credit performance of the underlying issuer, among other factors. The Company does not intend to sell the securities that have an unrealized loss shown in the table above, and it is not more likely than not that the Company will be required to sell a security before recovery of its amortized costs basis, which may be maturity.

The Company recognizes the credit component of other-than-temporary impairments of debt securities in “Other Income” and the noncredit component in “Other comprehensive income (loss)” for those securities that we do not intend to sell and for which it is not more likely than not that we will be required to sell before recovery. During 2018 and the 13-week period ended March 30, 2019, the Company did not record any material impairment charges on its outstanding securities.

The amortized cost and fair value of the securities at an unrealized loss position as of March 30, 2019 were $1,223,105 and $1,200,315, respectively. Approximately 73% of securities in our portfolio were at an unrealized loss position as of March 30, 2019. We have the ability to hold these securities until maturity or their value is recovered. We do not consider these unrealized losses to be other than temporary credit losses because there has been no material deterioration in credit quality and no change in the cash flows of the underlying securities. We do not intend to sell the securities and it is not more likely than not that we will be required to sell the securities; therefore, no material impairment has been recorded in the accompanying condensed consolidated statement of income.

The cost of securities sold is based on the specific identification method.

The following tables display additional information regarding gross unrealized losses and fair value by major security type for available-for-sale securities in an unrealized loss position as of March 30, 2019 and December 29, 2018.

	As of March 30, 2019
	Less than 12 Consecutive Months					12 Consecutive Months or Longer
	Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value
U.S. Treasury securities	$	(1	)	$	3,988	$	(218	)	$	18,241
Agency securities		(1	)		2,257		(534	)		38,985
Mortgage-backed securities		(1	)		301		(4,792	)		131,521
Corporate securities		(172	)		65,937		(14,189	)		700,387
Municipal securities		(19	)		11,415		(1,116	)		120,394
Other		(1	)		1,177		(1,746	)		105,712
Total	$	(195	)	$	85,075	$	(22,595	)	$	1,115,240

	As of December 29, 2018
	Less than 12 Consecutive Months					12 Consecutive Months or Longer
	Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value
U.S. Treasury securities	$	(3	)	$	3,975	$	(354	)	$	18,153
Agency securities		(5	)		4,656		(995	)		40,508
Mortgage-backed securities		(1	)		361		(6,311	)		135,323
Corporate securities		(4,028	)		323,633		(26,071	)		640,439
Municipal securities		(454	)		38,371		(2,112	)		118,362
Other		(102	)		8,015		(2,162	)		114,120
Total	$	(4,593	)	$	379,011	$	(38,005	)	$	1,066,905

The amortized cost and fair value of marketable securities at March 30, 2019, by maturity, are shown below.

	Amortized Cost		Fair Value

Due in one year or less	$	198,020	$	197,385
Due after one year through five years		1,262,371		1,247,012
Due after five years through ten years		95,181		90,759
	$	1,555,572	$	1,535,156

Accumulated Other Comprehensive Income

3 Months Ended

Mar. 30, 2019

Stockholders' Equity Note [Abstract]

Accumulated Other Comprehensive Income

9. Accumulated Other Comprehensive Income

The following provides required disclosure of changes in accumulated other comprehensive income (AOCI) balances by component for the 13-week period ended March 30, 2019:

	13-Weeks Ended March 30, 2019
	Foreign Currency Translation Adjustment			Net unrealized gains (losses) on available-for-sale securities			Total
Beginning Balance	$	47,327		$	(38,897	)	$	8,430
Other comprehensive income before reclassification, net of income tax benefit of $2,905		(9,234	)		19,100			9,866
Amounts reclassified from accumulated other comprehensive income		—			42			42
Net current-period other comprehensive income		(9,234	)		19,142			9,908
Ending Balance	$	38,093		$	(19,755	)	$	18,338

The following provides required disclosure of reporting reclassifications out of AOCI for the 13-week period ended March 30, 2019:

13-Weeks Ended March 30, 2019
Details About Accumulated Other Comprehensive Income Components		Amount Reclassified from Accumulated Other Comprehensive Income		Affected Line Item in the Statement Where Net Income is Presented

Unrealized gains (losses) on available-for-sale securities	$	(60	)	Other income (expense)
		18		Income tax benefit (provision)
	$	(42	)	Net of tax

Revenue

3 Months Ended

Mar. 30, 2019

Revenue from Contract with Customer [Abstract]

Revenue

10. Revenue

In order to further depict how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors, we disaggregate revenue (or “net sales”) by geographic region, major product category, and pattern of recognition.

Disaggregated revenue by geographic region (Americas, APAC, and EMEA) is presented in Note 4 – Segment Information. The Company has identified six major product categories – auto PND, auto OEM, aviation, fitness, marine, and outdoor. Note 4 contains disaggregated revenue information of the aviation, fitness, marine, and outdoor major product categories. Auto segment revenue presented in Note 4 is comprised of the auto PND and auto OEM major product categories, as depicted below.

A large majority of the Company’s sales are recognized on a point in time basis, usually once the product is shipped and title and risk of loss have transferred to the customer. Sales recognized over a period of time are primarily within the auto segment and relate to performance obligations that are satisfied over the life of the product or contractual service period. Revenue disaggregated by the timing of transfer of the goods or services is presented in the table below:

	13-Weeks Ended
	March 30,		March 31,
	2019		2018
Point in time	$	724,177	$	671,263
Over time		41,873		39,609
Net sales	$	766,050	$	710,872

Transaction price and costs associated with the Company’s unsatisfied performance obligations are reflected as deferred revenue and deferred costs, respectively, on the Company’s consolidated balance sheets. Such amounts are recognized ratably over the applicable service period or estimated useful life. Changes in deferred revenue and costs during the 13-week period ending March 30, 2019 are presented below:

	13-Weeks Ended
	March 30,
	2019
		Deferred Revenue⁽¹⁾			Deferred Costs⁽²⁾

Balance, beginning of period	$	172,938		$	57,935
Deferrals in period		35,119			6,923
Recognition of deferrals in period		(41,873	)		(8,863	)
Balance, end of period	$	166,184		$	55,995

⁽¹⁾Deferred revenue is comprised of both Deferred revenue and Noncurrent deferred revenue per the Condensed Consolidated Balance Sheets

⁽²⁾Deferred costs are comprised of both Deferred costs and Noncurrent deferred costs per the Condensed Consolidated Balance Sheets

Of the $41,873 of deferred revenue recognized in the 13-weeks ended March 30, 2019, $31,161 was deferred as of the beginning of the period.

Approximately two-thirds of the $166,184 of deferred revenue at the end of the period, March 30, 2019, is recognized ratably over a period of three years or less.

Leases

3 Months Ended

Mar. 30, 2019

Leases [Abstract]

Leases

11. Leases

The Company leases certain real estate properties, vehicles, and equipment in various countries around the world. Leased properties are typically used for office space, distribution, and retail. The Company’s leases are classified as operating leases with remaining terms of 1 to 34 years, some of which include an option to extend or renew. If the exercise of an option to extend or renew is determined to be reasonably certain, the associated right-of-use asset and lease liability reflects the extended period and payments. For all real estate leases, any non-lease components, including common area maintenance, have been separated from lease components and excluded from the associated right-of-use asset and lease liability calculations. For all equipment and vehicle leases, an accounting policy election has been made to not separate lease and non-lease components.

Leases with an initial term of 12 months or less (“short-term leases”) are not recognized on the Company’s Condensed Consolidated Balance Sheets as a right-of-use asset or lease liability.

The following table represents lease costs recognized in the Company’s Condensed Consolidated Statements of Income for the 13-weeks ended March 30, 2019. Lease costs are included in Selling, general and administrative expense and Research and development expense on the Company’s Condensed Consolidated Statements of Income.

	13-Weeks Ended
	March 30,
	2019
Operating lease cost⁽¹⁾	$	5,642

⁽¹⁾	Operating lease cost includes short-term lease costs and variable lease costs, which were not material in the period.

The following table represents the components of leases that are recognized on the Company’s Condensed Consolidated Balance Sheets as of March 30, 2019.

	March 30,
	2019

Operating lease right-of-use assets	$	54,978

Other accrued expenses	$	13,095
Noncurrent operating lease liabilities		43,277
Total lease liabilities	$	56,372

Weighted average remaining lease term		5.5 years
Weighted average discount rate		4.0%

The following table represents the maturity of lease liabilities.

Fiscal Year	Lease payments
2019, excluding the 13-weeks ended March 30, 2019	$	12,260
2020		13,727
2021		10,360
2022		7,058
2023		6,742
Thereafter		13,725
Total	$	63,872
Less: imputed interest		(7,500	)
Present value of lease liabilities	$	56,372

The following table presents supplemental cash flow and noncash information related to leases.

	13-Weeks Ended
	March 30,
	2019
Cash paid for amounts included in the measurement of operating lease liabilities⁽²⁾	$	4,412
Right-of-use assets obtained in exchange for new operating lease liabilities	$	2,859

⁽²⁾	Included in Net cash provided by operating activities on the Company’s Condensed Consolidated Statements of Cash Flows.

Recently Issued Accounting Pronouncements Not Yet Adopted

3 Months Ended

Mar. 30, 2019

Accounting Changes and Error Corrections [Abstract]

Recently Issued Accounting Pronouncements Not Yet Adopted

12. Recently Issued Accounting Pronouncements Not Yet Adopted

Receivables – Nonrefundable Fees and Other Costs

In March 2017, the FASB issued Accounting Standards Update No. 2017-08, Receivables – Nonrefundable Fees and Other Costs (Topic 310-20): Premium Amortization on Purchased Callable Debt Securities (“ASU 2017-08”), which shortens the amortization period for certain callable debt securities held at a premium, requiring the premium to be amortized to the earliest call date. Callable debt securities held at a discount continue to be amortized to maturity. ASU 2017-08 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019. Early adoption is permitted. The Company is currently evaluating the impact of adopting the new standard on its consolidated financial statements.

Financial Instruments – Credit Losses

In June 2016, the FASB issued Accounting Standards Update No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). ASU 2016-13 provides new guidance on assessment of expected credit losses of certain financial instruments. ASU 2016-13 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019. Early adoption is permitted. The Company is currently evaluating the impact of adopting the new standard on its consolidated financial statements.

Subsequent Events

3 Months Ended

Mar. 30, 2019

Subsequent Events [Abstract]

Subsequent Events

13. Subsequent Events

On April 1, 2019, the Company acquired the shares of Tacx Onroerend en Roerend Goed B.V., a privately-held Dutch company, that designs and manufacturers indoor bike trainers, tools and accessories, as well as indoor training software and applications. This acquisition was not material.

Accounting Policies (Policies)	3 Months Ended
Accounting Policies (Policies)	Mar. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Additionally, the condensed consolidated financial statements should be read in conjunction with Item 2 of Management’s Discussion and Analysis of Financial Condition and Results of Operations, included in this Form 10-Q. Operating results for the 13-week period ended March 30, 2019 are not necessarily indicative of the results that may be expected for the year ending December 28, 2019. The condensed consolidated balance sheet at December 29, 2018 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 29, 2018. The Company’s fiscal year is based on a 52-53 week period ending on the last Saturday of the calendar year. Therefore, the financial results of certain 53-week fiscal years, and the associated 14-week quarters, will not be exactly comparable to the prior and subsequent 52-week fiscal years and the associated 13-week quarters. The quarters ended March 30, 2019 and March 31, 2018 both contain operating results for 13 weeks.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards Leases In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases (Topic 842) (“ASU 2016-02”), which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both lessees and lessors. The FASB subsequently issued Accounting Standards Update No. 2018-10 and Accounting Standards Update No. 2018-11 in July 2018, which provide clarifications and improvements to ASU 2016-02 (collectively, the “new lease standard”). Accounting Standards Update No. 2018-11 also provides the optional transition method which allows companies to apply the new lease standard at the adoption date instead of at the earliest comparative period presented. The new lease standard requires lessees to present a right-of-use asset and a corresponding lease liability on the balance sheet. The Company adopted the new lease standard as of the beginning of the 2019 fiscal year using the optional transition method. The Company did not have a cumulative effect adjustment to retained earnings as a result of adopting the new lease standard and does not expect the new lease standard to have a material impact on the Company's consolidated statements of income or consolidated statements of cash flows in future periods. The Company elected the package of transitional practical expedients upon adoption which, among other provisions, allowed the Company to carry forward historical lease classification. See Note 12 – Leases for additional information regarding leases.
Significant Accounting Policies	Significant Accounting Policies For a description of the significant accounting policies and methods used in the preparation of the Company’s condensed consolidated financial statements, refer to Note 2, “Summary of Significant Accounting Policies” in the Notes to the Consolidated Financial Statements in Part II, Item 8 of the Company’s Annual Report on Form 10-K for the fiscal year ended December 29, 2018. Other than the policy discussed below, there were no material changes to the Company’s significant accounting policies during the 13-week period ended March 30, 2019. Preproduction Costs Related to Long-Term Supply Arrangements Preproduction design and development costs related to long-term supply arrangements are expensed as incurred, and classified as Research and development, unless the customer has provided a contractual guarantee for reimbursement of such costs. Contractually reimbursable costs are capitalized as incurred in the Condensed Consolidated Balance Sheets within Prepaid expenses and other current assets if reimbursement is expected to be received within one year, or within Other assets if expected to be received beyond one year. Such capitalized costs were approximately $5 million as of March 30, 2019, and there were no such capitalized costs as of December 29, 2018.

Inventories (Tables)

3 Months Ended

Mar. 30, 2019

Inventory Disclosure [Abstract]

Schedule of inventories

The components of inventories consist of the following:

	March 30,		December 29,
	2019		2018

Raw materials	$	213,380	$	205,696
Work-in-process		103,204		96,564
Finished goods		281,803		259,580
Inventories	$	598,387	$	561,840

Earnings Per Share (Tables)

3 Months Ended

Mar. 30, 2019

Net income per share:

Schedule of computation of basic and diluted net income per share

The following table sets forth the computation of basic and diluted net income per share:

	13-Weeks Ended
	March 30,		March 31,
	2019		2018
Numerator:

Numerator for basic and diluted net income per share - net income	$	140,173	$	129,374

Denominator:
Denominator for basic net income per share – weighted-average common shares		189,601		188,322

Effect of dilutive securities – stock options, stock appreciation rights and restricted stock units		998		970

Denominator for diluted net income per share – adjusted weighted-average common shares		190,599		189,292

Basic net income per share	$	0.74	$	0.69

Diluted net income per share	$	0.74	$	0.68

Segment Information (Tables)

3 Months Ended

Mar. 30, 2019

Segment Reporting [Abstract]

Schedule of net sales ("revenue"), gross profit, and operating income

Net sales (“revenue”), gross profit, and operating income for each of the Company’s reportable segments are presented below.

		Reportable Segments

		Outdoor		Fitness		Marine		Auto		Aviation		Total

13-Weeks Ended March 30, 2019

Net sales	$	154,051	$	180,256	$	133,968	$	126,999	$	170,776	$	766,050
Gross profit		97,488		90,835		78,055		57,337		127,983		451,698
Operating income		41,953		18,126		25,473		8,213		57,618		151,383

13-Weeks Ended March 31, 2018

Net sales	$	144,258	$	166,035	$	113,554	$	141,312	$	145,713	$	710,872
Gross profit		93,285		96,601		66,683		61,012		108,954		426,535
Operating income		43,822		33,374		13,131		3,468		48,407		142,202

Schedule of net sales and property and equipment, net by geographic area

Net sales to external customers by geographic region were as follows for the 13-week periods ended March 30, 2018 and March 31, 2018. Note that APAC includes Asia Pacific and Australian Continent and EMEA includes Europe, the Middle East and Africa:

	13-Weeks Ended
	March 30,		March 31,
	2019		2018
Americas	$	379,456	$	345,975
EMEA		260,021		245,912
APAC		126,573		118,985
Net sales to external customers	$	766,050	$	710,872

Net property and equipment by geographic region as of March 30, 2019 and March 31, 2018 are presented below.

	Americas		APAC		EMEA		Total
March 30, 2019
Property and equipment, net	$	413,632	$	212,933	$	45,734	$	672,299

March 31, 2018
Property and equipment, net	$	388,531	$	176,245	$	40,037	$	604,813

Warranty Reserves (Tables)

3 Months Ended

Mar. 30, 2019

Product Warranties Disclosures [Abstract]

Schedule of changes in the aggregate warranty reserve

The following reconciliation provides an illustration of changes in the aggregate warranty reserve.

	13-Weeks Ended
	March 30,			March 31,
	2019			2018

Balance - beginning of period	$	38,276		$	36,827
Accrual for products sold during the period⁽¹⁾		10,849			10,012
Expenditures		(14,083	)		(11,417	)
Balance - end of period	$	35,042		$	35,422

⁽¹⁾	Changes in cost estimates related to pre-existing warranties are not material and aggregated with accruals for new warranty contracts in the ‘accrual for products sold during the period’ line.

Marketable Securities (Tables)

3 Months Ended

Mar. 30, 2019

Marketable Securities [Abstract]

Schedule of available-for-sale securities

Available-for-sale securities measured at fair value on a recurring basis are summarized below:

	Fair Value Measurements as of March 30, 2019
	Total		Level 1		Level 2		Level 3
U.S. Treasury securities	$	22,229	$	—	$	22,229	$	—
Agency securities		63,714		—		63,714		—
Mortgage-backed securities		131,973		—		131,973		—
Corporate securities		1,019,083		—		1,019,083		—
Municipal securities		171,551		—		171,551		—
Other		126,606		—		126,606		—
Total	$	1,535,156	$	—	$	1,535,156	$	—

	Fair Value Measurements as of December 29, 2018
	Total		Level 1		Level 2		Level 3
U.S. Treasury securities	$	22,128	$	—	$	22,128	$	—
Agency securities		59,116		—		59,116		—
Mortgage-backed securities		135,865		—		135,865		—
Corporate securities		980,524		—		980,524		—
Municipal securities		173,137		—		173,137		—
Other		142,342		—		142,342		—
Total	$	1,513,112	$	—	$	1,513,112	$	—

Schedule of marketable securities classified as available-for-sale securities

Marketable securities classified as available-for-sale securities are summarized below:

	Available-For-Sale Securities as of March 30, 2019

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury securities	$	22,448	$	—	$	(219	)	$	22,229
Agency securities		64,178		72		(535	)		63,715
Mortgage-backed securities		136,763		2		(4,793	)		131,972
Corporate securities		1,031,431		2,013		(14,361	)		1,019,083
Municipal securities		172,399		287		(1,135	)		171,551
Other		128,353		0		(1,747	)		126,606
Total	$	1,555,572	$	2,374	$	(22,790	)	$	1,535,156

	Available-For-Sale Securities as of December 29, 2018

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury securities	$	22,485	$	—	$	(357	)	$	22,128
Agency securities		60,088		28		(1,000	)		59,116
Mortgage-backed securities		142,176		1		(6,312	)		135,865
Corporate securities		1,010,590		33		(30,099	)		980,524
Municipal securities		175,630		73		(2,566	)		173,137
Other		144,606		0		(2,264	)		142,342
Total	$	1,555,575	$	135	$	(42,598	)	$	1,513,112

Schedule of gross unrealized losses and fair value by major security type

The following tables display additional information regarding gross unrealized losses and fair value by major security type for available-for-sale securities in an unrealized loss position as of March 30, 2019 and December 29, 2018.

	As of March 30, 2019
	Less than 12 Consecutive Months					12 Consecutive Months or Longer
	Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value
U.S. Treasury securities	$	(1	)	$	3,988	$	(218	)	$	18,241
Agency securities		(1	)		2,257		(534	)		38,985
Mortgage-backed securities		(1	)		301		(4,792	)		131,521
Corporate securities		(172	)		65,937		(14,189	)		700,387
Municipal securities		(19	)		11,415		(1,116	)		120,394
Other		(1	)		1,177		(1,746	)		105,712
Total	$	(195	)	$	85,075	$	(22,595	)	$	1,115,240

	As of December 29, 2018
	Less than 12 Consecutive Months					12 Consecutive Months or Longer
	Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value
U.S. Treasury securities	$	(3	)	$	3,975	$	(354	)	$	18,153
Agency securities		(5	)		4,656		(995	)		40,508
Mortgage-backed securities		(1	)		361		(6,311	)		135,323
Corporate securities		(4,028	)		323,633		(26,071	)		640,439
Municipal securities		(454	)		38,371		(2,112	)		118,362
Other		(102	)		8,015		(2,162	)		114,120
Total	$	(4,593	)	$	379,011	$	(38,005	)	$	1,066,905

Schedule of amortized cost and estimated fair value of marketable securities by contractual maturity

The amortized cost and fair value of marketable securities at March 30, 2019, by maturity, are shown below.

	Amortized Cost		Fair Value

Due in one year or less	$	198,020	$	197,385
Due after one year through five years		1,262,371		1,247,012
Due after five years through ten years		95,181		90,759
	$	1,555,572	$	1,535,156

Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 30, 2019

Stockholders' Equity Note [Abstract]

Schedule of changes in accumulated other comprehensive income (AOCI)

The following provides required disclosure of changes in accumulated other comprehensive income (AOCI) balances by component for the 13-week period ended March 30, 2019:

	13-Weeks Ended March 30, 2019
	Foreign Currency Translation Adjustment			Net unrealized gains (losses) on available-for-sale securities			Total
Beginning Balance	$	47,327		$	(38,897	)	$	8,430
Other comprehensive income before reclassification, net of income tax benefit of $2,905		(9,234	)		19,100			9,866
Amounts reclassified from accumulated other comprehensive income		—			42			42
Net current-period other comprehensive income		(9,234	)		19,142			9,908
Ending Balance	$	38,093		$	(19,755	)	$	18,338

Schedule of reporting reclassifications out of AOCI

The following provides required disclosure of reporting reclassifications out of AOCI for the 13-week period ended March 30, 2019:

13-Weeks Ended March 30, 2019
Details About Accumulated Other Comprehensive Income Components		Amount Reclassified from Accumulated Other Comprehensive Income		Affected Line Item in the Statement Where Net Income is Presented

Unrealized gains (losses) on available-for-sale securities	$	(60	)	Other income (expense)
		18		Income tax benefit (provision)
	$	(42	)	Net of tax

Revenue (Tables)

3 Months Ended

Mar. 30, 2019

Revenue from Contract with Customer [Abstract]

Schedule of disaggregated revenue by geographic region

Auto segment revenue presented in Note 4 is comprised of the auto PND and auto OEM major product categories as depicted below.

Schedule of revenue disaggregated

Revenue disaggregated by the timing of transfer of the goods or services is presented in the table below:

	13-Weeks Ended
	March 30,		March 31,
	2019		2018
Point in time	$	724,177	$	671,263
Over time		41,873		39,609
Net sales	$	766,050	$	710,872

Schedule of deferred revenue and costs

Changes in deferred revenue and costs during the 13-week period ending March 30, 2019 are presented below:

	13-Weeks Ended
	March 30,
	2019
		Deferred Revenue⁽¹⁾			Deferred Costs⁽²⁾

Balance, beginning of period	$	172,938		$	57,935
Deferrals in period		35,119			6,923
Recognition of deferrals in period		(41,873	)		(8,863	)
Balance, end of period	$	166,184		$	55,995

⁽¹⁾ Deferred revenue is comprised of both Deferred revenue and Noncurrent deferred revenue per the Condensed Consolidated Balance Sheets

⁽²⁾Deferred costs are comprised of both Deferred costs and Noncurrent deferred costs per the Condensed Consolidated Balance Sheets

Leases (Tables)

3 Months Ended

Mar. 30, 2019

Leases [Abstract]

Schedule of operating lease cost

Lease costs are included in Selling, general and administrative expense and Research and development expense on the Company’s Condensed Consolidated Statements of Income.

	13-Weeks Ended
	March 30,
	2019
Operating lease cost⁽¹⁾	$	5,642

⁽¹⁾	Operating lease cost includes short-term lease costs and variable lease costs, which were not material in the period.

Schedule of amounts recognized in balance sheet

The following table represents the components of leases that are recognized on the Company’s Condensed Consolidated Balance Sheets as of March 30, 2019.

	March 30,
	2019

Operating lease right-of-use assets	$	54,978

Other accrued expenses	$	13,095
Noncurrent operating lease liabilities		43,277
Total lease liabilities	$	56,372

Weighted average remaining lease term		5.5 years
Weighted average discount rate		4.0%

Schedule of maturity of lease liabilities

The following table represents the maturity of lease liabilities.

Fiscal Year	Lease payments
2019, excluding the 13-weeks ended March 30, 2019	$	12,260
2020		13,727
2021		10,360
2022		7,058
2023		6,742
Thereafter		13,725
Total	$	63,872
Less: imputed interest		(7,500	)
Present value of lease liabilities	$	56,372

Schedule of cash flow supplemental

The following table presents supplemental cash flow and noncash information related to leases.

	13-Weeks Ended
	March 30,
	2019
Cash paid for amounts included in the measurement of operating lease liabilities⁽²⁾	$	4,412
Right-of-use assets obtained in exchange for new operating lease liabilities	$	2,859

⁽²⁾	Included in Net cash provided by operating activities on the Company’s Condensed Consolidated Statements of Cash Flows.

Accounting Policies (Details Narrative) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 30, 2019	Dec. 29, 2018
Accounting Policies [Abstract]
Capitalized costs	$ 5,000	$ 0

Inventories (Details) - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 29, 2018
Inventory Disclosure [Abstract]
Raw materials	$ 213,380	$ 205,696
Work-in-process	103,204	96,564
Finished goods	281,803	259,580
Inventories	$ 598,387	$ 561,840

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Numerator:
Numerator for basic and diluted net income per share - net income	$ 140,173	$ 129,374
Denominator:
Denominator for basic net income per share - weighted-average common shares	189,601	188,322
Effect of dilutive securities - stock options, stock appreciation rights and restricted stock units	998	970
Denominator for diluted net income per share - adjusted weighted-average common shares	190,599	189,292
Basic net income per share (in dollars per share)	$ 0.74	$ 0.69
Diluted net income per share (in dollars per share)	$ 0.74	$ 0.68

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=117326831&loc=SL5780133-109256

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 55
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-URI http://asc.fasb.org/extlink&oid=117327953&loc=d3e4984-109258

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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Section S99
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-Section S99
-Paragraph 1
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-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Earnings Per Share (Details Narrative) - shares	3 Months Ended
Earnings Per Share (Details Narrative) - shares	Mar. 30, 2019	Mar. 31, 2018
Net income per share:
Anti-dilutive stock options, stock appreciation rights and restricted stock units	0	0
Shares issued as a result of exercises and releases of equity awards	386	332

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
Segment Information (Details) - USD ($) $ in Thousands	Mar. 30, 2019	Mar. 31, 2018
Net sales	$ 766,050	$ 710,872
Gross profit	451,698	426,535
Operating income	151,383	142,202
Outdoor [Member]
Net sales	154,051	144,258
Gross profit	97,488	93,285
Operating income	41,953	43,822
Fitness [Member]
Net sales	180,256	166,035
Gross profit	90,835	96,601
Operating income	18,126	33,374
Marine [Member]
Net sales	133,968	113,554
Gross profit	78,055	66,683
Operating income	25,473	13,131
Auto [Member]
Net sales	126,999	170,776
Gross profit	57,337	127,983
Operating income	8,213	57,618
Aviation [Member]
Net sales	141,312	145,713
Gross profit	61,012	108,954
Operating income	$ 3,468	$ 48,407

Segment Information (Details 1) - USD ($) $ in Thousands	3 Months Ended
Segment Information (Details 1) - USD ($) $ in Thousands	Mar. 30, 2019	Mar. 31, 2018
Net sales to external customers	$ 766,050	$ 710,872
Americas [Member]
Net sales to external customers	379,456	345,975
EMEA [Member]
Net sales to external customers	260,021	245,912
APAC [Member]
Net sales to external customers	$ 126,573	$ 118,985

Segment Information (Details 2) - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 29, 2018	Mar. 31, 2018
Property and equipment, net	$ 672,299	$ 663,527	$ 604,813
Americas [Member]
Property and equipment, net	413,632		388,531
APAC [Member]
Property and equipment, net	212,933		45,734
EMEA [Member]
Property and equipment, net	$ 176,245		$ 40,037

Segment Information (Details Narrative) $ in Thousands	3 Months Ended
Segment Information (Details Narrative) $ in Thousands	Mar. 30, 2019 USD ($) Segment	Mar. 31, 2018 USD ($)
Number of reportable segments \| Segment	5
Operating income	$ 151,383	$ 142,202
Aviation [Member]
Operating income	4,000
Marine [Member]
Operating income	$ 4,000

Warranty Reserves (Details) - USD ($)
$ in Thousands

3 Months Ended

Mar. 30, 2019

Mar. 31, 2018

Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]

Balance - beginning of period

$ 38,276

$ 36,827

Accrual for products sold during the period

^[1]

10,849

10,012

Expenditures

(14,083)

(11,417)

Balance - end of period

$ 35,042

$ 35,422

[1]	Changes in cost estimates related to pre-existing warranties are not material and aggregated with accruals for new warranty contracts in the 'accrual for products sold during the period' line.

Warranty Reserves (Details Narrative)	3 Months Ended
Warranty Reserves (Details Narrative)	Mar. 30, 2019
Minimum [Member]
Product warranty term	1 year
Maximum [Member]
Product warranty term	3 years

Commitments and Contingencies (Details Narrative) $ in Thousands	Mar. 30, 2019 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Aggregate amount of purchase orders and other commitments	$ 435,100

Income Taxes (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
Income Taxes (Details Narrative) - USD ($) $ in Thousands	Mar. 30, 2019	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 26,092	$ 24,606
Effective income tax rate	15.70%	16.00%

Marketable Securities (Details) - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 29, 2018
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total	$ 1,535,156	$ 1,513,112
U.S.Treasury Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total	22,229	22,128
Agency Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total	63,715	59,116
Mortgage-Backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total	131,972	135,865
Municipal Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total	171,551	173,137
Other [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total	126,606	142,342
Corporate Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total	1,019,083	980,524
Recurring Basis [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total	1,535,156	1,513,112
Recurring Basis [Member] \| U.S.Treasury Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total	22,229	22,128
Recurring Basis [Member] \| Agency Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total	63,714	59,116
Recurring Basis [Member] \| Mortgage-Backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total	131,973	135,865
Recurring Basis [Member] \| Municipal Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total	171,551	173,137
Recurring Basis [Member] \| Other [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total	126,606	142,342
Recurring Basis [Member] \| Corporate Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total	1,019,083	980,524
Recurring Basis [Member] \| Level 1 [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total
Recurring Basis [Member] \| Level 1 [Member] \| U.S.Treasury Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total
Recurring Basis [Member] \| Level 1 [Member] \| Agency Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total
Recurring Basis [Member] \| Level 1 [Member] \| Mortgage-Backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total
Recurring Basis [Member] \| Level 1 [Member] \| Corporate Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total
Recurring Basis [Member] \| Level 1 [Member] \| Municipal Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total
Recurring Basis [Member] \| Level 1 [Member] \| Other [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total
Recurring Basis [Member] \| Level 1 [Member] \| Corporate Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total
Recurring Basis [Member] \| Level 2 [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total	1,535,156	1,513,112
Recurring Basis [Member] \| Level 2 [Member] \| U.S.Treasury Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total	22,229	22,128
Recurring Basis [Member] \| Level 2 [Member] \| Agency Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total	63,714	59,116
Recurring Basis [Member] \| Level 2 [Member] \| Mortgage-Backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total	131,973	135,865
Recurring Basis [Member] \| Level 2 [Member] \| Municipal Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total	171,551	173,137
Recurring Basis [Member] \| Level 2 [Member] \| Other [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total	126,606	142,342
Recurring Basis [Member] \| Level 2 [Member] \| Corporate Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total	1,019,083	980,524
Recurring Basis [Member] \| Level 3 [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total
Recurring Basis [Member] \| Level 3 [Member] \| U.S.Treasury Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total
Recurring Basis [Member] \| Level 3 [Member] \| Agency Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total
Recurring Basis [Member] \| Level 3 [Member] \| Mortgage-Backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total
Recurring Basis [Member] \| Level 3 [Member] \| Municipal Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total
Recurring Basis [Member] \| Level 3 [Member] \| Other [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total
Recurring Basis [Member] \| Level 3 [Member] \| Corporate Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, total

Marketable Securities (Details 1) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
Marketable Securities (Details 1) - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 29, 2018
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost	$ 1,555,572	$ 1,555,575
Gross Unrealized Gains	2,374	135
Gross Unrealized Losses	(22,790)	(42,598)
Fair Value	1,535,156	1,513,112
U.S.Treasury Securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost	22,448	22,485
Gross Unrealized Gains
Gross Unrealized Losses	(219)	(357)
Fair Value	22,229	22,128
Agency Securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost	64,178	60,088
Gross Unrealized Gains	72	28
Gross Unrealized Losses	(535)	(1,000)
Fair Value	63,715	59,116
Mortgage-Backed Securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost	136,763	142,176
Gross Unrealized Gains	2	1
Gross Unrealized Losses	(4,793)	(6,312)
Fair Value	131,972	135,865
Corporate Securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost	1,031,431	1,010,590
Gross Unrealized Gains	2,013	33
Gross Unrealized Losses	(14,361)	(30,099)
Fair Value	1,019,083	980,524
Municipal Securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost	172,399	175,630
Gross Unrealized Gains	287	73
Gross Unrealized Losses	(1,135)	(2,566)
Fair Value	171,551	173,137
Other [Member]
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost	128,353	144,606
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,747)	(2,264)
Fair Value	$ 126,606	$ 142,342

Marketable Securities (Details 2) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
Marketable Securities (Details 2) - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 29, 2018
Debt Securities, Available-for-sale [Line Items]
Gross Unrealized Losses Less than 12 Consecutive Months	$ (195)	$ (4,593)
Fair Value Less than 12 Consecutive Months	85,075	379,011
Gross Unrealized Losses 12 Consecutive Months or Longer	(22,595)	(38,005)
Fair Value 12 Consecutive Months or Longer	1,115,240	1,066,905
U.S.Treasury Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Gross Unrealized Losses Less than 12 Consecutive Months	(1)	(3)
Fair Value Less than 12 Consecutive Months	3,988	3,975
Gross Unrealized Losses 12 Consecutive Months or Longer	(218)	(354)
Fair Value 12 Consecutive Months or Longer	18,241	18,153
Agency Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Gross Unrealized Losses Less than 12 Consecutive Months	(1)	(5)
Fair Value Less than 12 Consecutive Months	2,257	4,656
Gross Unrealized Losses 12 Consecutive Months or Longer	(534)	(995)
Fair Value 12 Consecutive Months or Longer	38,985	40,508
Mortgage-Backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Gross Unrealized Losses Less than 12 Consecutive Months	(1)	(1)
Fair Value Less than 12 Consecutive Months	301	361
Gross Unrealized Losses 12 Consecutive Months or Longer	(4,792)	(6,311)
Fair Value 12 Consecutive Months or Longer	131,521	135,323
Corporate Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Gross Unrealized Losses Less than 12 Consecutive Months	(172)	(4,028)
Fair Value Less than 12 Consecutive Months	65,937	323,633
Gross Unrealized Losses 12 Consecutive Months or Longer	(14,189)	(26,071)
Fair Value 12 Consecutive Months or Longer	700,387	640,439
Municipal Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Gross Unrealized Losses Less than 12 Consecutive Months	(19)	(454)
Fair Value Less than 12 Consecutive Months	11,415	38,371
Gross Unrealized Losses 12 Consecutive Months or Longer	(1,116)	(2,112)
Fair Value 12 Consecutive Months or Longer	120,394	118,362
Other [Member]
Debt Securities, Available-for-sale [Line Items]
Gross Unrealized Losses Less than 12 Consecutive Months	(1)	(102)
Fair Value Less than 12 Consecutive Months	1,177	8,015
Gross Unrealized Losses 12 Consecutive Months or Longer	(1,746)	(2,162)
Fair Value 12 Consecutive Months or Longer	$ 105,712	$ 114,120

Marketable Securities (Details 3) - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 29, 2018
Amortized Cost
Due in one year or less	$ 198,020
Due after one year through five years	1,262,371
Due after five years through ten years	95,181
Total	1,555,572	$ 1,555,575
Fair Value
Due in one year or less	197,385
Due after one year through five years	1,247,012
Due after five years through ten years	90,759
Total	$ 1,535,156	$ 1,513,112

Marketable Securities (Details Narrative) $ in Thousands	Mar. 30, 2019 USD ($)
Marketable Securities [Abstract]
Unrealized loss position amortized cost	$ 1,223,105
Unrealized loss position fair value	$ 1,200,315
Percentage of available-for-sale securities in unrealized loss positions	73.00%

Accumulated Other Comprehensive Income (Details) $ in Thousands	3 Months Ended
	Mar. 30, 2019 USD ($)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent [Roll Forward]
Beginning Balance	$ 47,327
Other comprehensive income before reclassification, net of income tax benefit	(9,234)
Amounts reclassified from accumulated other comprehensive income
Net current-period other comprehensive income	(9,234)
Ending Balance	38,093
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax, Portion Attributable to Parent [Roll Forward]
Beginning Balance	(38,897)
Other comprehensive income before reclassification, net of income tax benefit	19,100
Amounts reclassified from accumulated other comprehensive income	42
Net current-period other comprehensive income	19,142
Ending Balance	(19,755)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	8,430
Other comprehensive income before reclassification, net of income tax benefit	9,866
Amounts reclassified from accumulated other comprehensive income	42
Net current-period other comprehensive income	9,908
Ending Balance	$ 18,338

Accumulated Other Comprehensive Income (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2019	Mar. 31, 2018
Other income (expense)	$ 14,882	$ 11,778
Income tax benefit (provision)	(26,092)	$ (24,606)
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] \| Reclassification From Accumulated Other Comprehensive Income [Member]
Other income (expense)	(60)
Income tax benefit (provision)	18
Net of tax	$ (42)

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
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+ Details

Revenue (Details)	3 Months Ended
Revenue (Details)	Mar. 30, 2019	Mar. 31, 2018
Auto PND [Member]
Percentage of auto revenue	59.00%	63.00%
Auto OEM [Member]
Percentage of auto revenue	41.00%	37.00%

Revenue (Details 1) - USD ($) $ in Thousands	3 Months Ended
Revenue (Details 1) - USD ($) $ in Thousands	Mar. 30, 2019	Mar. 31, 2018
Net sales	$ 766,050	$ 710,872
Point in Time [Member]
Net sales	724,177	671,263
Over Time [Member]
Net sales	$ 41,873	$ 39,609

Revenue (Details 2) - USD ($)
$ in Thousands

3 Months Ended

Mar. 30, 2019

Mar. 31, 2018

Movement in Deferred Revenue [Roll Forward]

Balance, beginning of period

^[1]

$ 172,938

Deferrals in period

^[1]

35,119

Recognition of deferrals in period

(41,873)

^[1]

$ 31,161

Balance, end of period

^[1]

166,184

Movement in Deferred Costs [Roll Forward]

Balance, beginning of period

^[2]

57,935

Deferrals in period

^[2]

6,923

Recognition of deferrals in period

^[2]

(8,863)

Balance, end of period

^[2]

$ 55,995

[1]	Deferred revenue is comprised of both Deferred revenue and Noncurrent deferred revenue per the Condensed Consolidated Balance Sheets.
[2]	Deferred costs are comprised of both Deferred costs and Noncurrent deferred costs per the Condensed Consolidated Balance Sheets.

Revenue (Details Narrative) - USD ($)
$ in Thousands

3 Months Ended

Mar. 30, 2019

Mar. 31, 2018

Dec. 29, 2018

Revenue from Contract with Customer [Abstract]

Recognition of deferrals in period

$ (41,873)

^[1]

$ 31,161

Deferred revenue recognized ratably over a period of three years or less

^[1]

$ 166,184

$ 172,938

[1]	Deferred revenue is comprised of both Deferred revenue and Noncurrent deferred revenue per the Condensed Consolidated Balance Sheets.

Leases (Details)
$ in Thousands

3 Months Ended

Mar. 30, 2019

USD ($)

Leases [Abstract]

Operating lease cost

$ 5,642

^[1]

[1]	Opearting lease cost includes short-term lease costs and variable lease costs, which were not material in period.

Leases (Details 1) - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 29, 2018
Leases [Abstract]
Operating lease right-of-use assets	$ 54,978
Other accrued expenses	13,095
Noncurrent operating lease liabilities	43,277
Total lease liabilities	$ 56,372
Weighted average remaining lease term	5 years 6 months
Weighted average discount rate	4.00%

Leases (Details 2) $ in Thousands	Mar. 30, 2019 USD ($)
Leases [Abstract]
2019	$ 12,260
2020	13,727
2021	10,360
2022	7,058
2023	6,742
Thereafter	13,725
Total	63,872
Less: imputed interest	(7,500)
Present value of lease liabilities	$ 56,372

Leases (Details 3)
$ in Thousands

3 Months Ended

Mar. 30, 2019

USD ($)

Leases [Abstract]

Cash paid for amounts included in the measurement of operating lease liabilities

$ 4,412

^[1]

Right-of-use assets obtained in exchange for new operating lease liabilities

$ 2,859

[1]	Included in Net cash provided by opearating activites on the company's Condensed Consolidated Statement of Cash Flows,

Leases (Details Narative)	Mar. 30, 2019
Minimum [Member]
Operating lease term	1 year
Maximum [Member]
Operating lease term	34 years