v3.25.1
Income Taxes
 3 Months Ended
Mar. 28, 2025
Income Tax Disclosure [Abstract]  
Income Taxes
Note 6 – Income Taxes
Income tax information for the periods reported is as follows:
Three Months Ended
March 28,
2025		March 29,
2024
Income tax expense$1,660 $913 
Loss before income taxes$(2,899)$(8,076)
Effective income tax rate(57.3)%(11.3)%
Our effective tax rate for the three months ended March 28, 2025 differs from the statutory rate primarily due to taxes on foreign income that differs from the U.S. tax rate, including an accrual for the OECD's Global Anti-Base Erosion OECD Model Rules ("Pillar Two") taxes, the impact of stock option exercises and the impact of a valuation allowance against U.S. deferred tax assets. Pillar Two taxes primarily impact our Singapore operations, wherein we were granted and currently participate in a tax holiday expiring in 2026.
The ending balance for the unrecognized tax benefits for uncertain tax positions was approximately $4.0 million as of March 28, 2025. The related interest was insignificant, and the related penalties were $0.6 million. The uncertain tax positions that are reasonably possible to decrease in the next twelve months are insignificant.
As of March 28, 2025, we were under examination by California tax authorities for fiscal years 2020-2022.