INCOME TAXES |
3 Months Ended |
|---|---|
Mar. 29, 2025 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES | INCOME TAXES The Company’s effective income tax rate was 27.2% for the first fiscal quarter ended March 29, 2025, compared to 23.9% for the first fiscal quarter ended March 30, 2024. The increase in the effective tax rate is driven by incremental tax expense related to the vesting of restricted stock awards in the first quarter of fiscal 2025. This was partially offset by a lower proportion of income generated in the United States, where the tax rate is higher relative to some of our international jurisdictions, compared to the first quarter of fiscal 2024. As of March 29, 2025, the Company had gross unrecognized income tax benefits of $8.4 million, of which $5.9 million, if ultimately recognized, may affect the Company’s effective income tax rate in the periods settled. The Company has recorded tax positions for which the ultimate deductibility is more likely than not, but for which there is uncertainty about the timing of such deductions.
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