Income Taxes |
3 Months Ended |
|---|---|
Apr. 04, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes Effective Income Tax Rates For fiscal 2026, the Company currently estimates that its annual effective income tax rate will be approximately 47%, excluding discrete items. This estimate reflects nondeductible items and includes certain franchise taxes that are classified as income taxes under the provisions of ASC 740, Income Taxes. The Company recognized an income tax benefit of $0.4 million for the fiscal three months ended April 4, 2026, resulting in an effective income tax benefit rate of 20% that reflects discrete items. For the fiscal three months ended March 29, 2025, the Company realized income tax expense of $1.3 million, resulting in an effective income tax rate of 32% for the period. The Company’s effective income tax rates for both fiscal periods were impacted by the permanent addback to taxable income of certain nondeductible expenses, including meals and entertainment and certain employee compensation, as well as excess tax benefits or expenses realized from settlements of share-based compensation grants. The Company’s effective income tax rates will differ from the statutory rates by such items.
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