Subsequent Event |
6 Months Ended |
---|---|
Jun. 28, 2025 | |
Subsequent Events [Abstract] | |
Subsequent Event | Subsequent Event On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was enacted into law. The OBBBA makes permanent key elements of the Tax Cuts and Jobs Act, including 100% bonus depreciation, domestic research cost expensing, and the business interest expense limitation. ASC 740, “Income Taxes”, requires the effects of changes in tax rates and laws on deferred tax balances to be recognized in the period in which the legislation is enacted. Consequently, as of the date of enactment, and during the third quarter of 2025, the Company will evaluate all deferred tax balances under the newly enacted tax law and identify any other changes required to its financial statements as a result of the OBBBA. The Company is currently evaluating the impact of the OBBBA on its consolidated financial statements and related disclosures.
|