Income Taxes |
6 Months Ended |
|---|---|
Jun. 28, 2025 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | 5. Income Taxes
The Company recorded income tax expense of $79,429 in the 13-week period ended June 28, 2025, compared to income tax expense of $65,342 in the 13-week period ended June 29, 2024. The effective tax rate was 16.5% in the second quarter of 2025, compared to 17.9% in the second quarter of 2024. The decrease in effective tax rate between comparative periods was primarily due to increased releases of uncertain tax position reserves.
The Company recorded income tax expense of $135,737 in the 26-week period ended June 28, 2025, compared to income tax expense of $116,421 in the 26-week period ended June 29, 2024. The effective tax rate was 15.6% in the first half of 2025, compared to 16.8% in the first half of 2024. The decrease in effective tax rate between comparative periods was primarily due to increased tax benefits from stock-based compensation and increased releases of uncertain tax position reserves. |