Income Taxes |
3 Months Ended |
|---|---|
Mar. 28, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes The effective income tax rate was (4.6)% and (0.3)% for the three months ended March 28, 2026 and March 29, 2025, respectively. The Company recorded income tax expense of $3.4 million and $0.6 million in the three months ended March 28, 2026 and March 29, 2025, respectively. We applied our estimated annual effective tax rate to year-to-date income for includable entities during the respective periods. Entities that are currently generating losses and for which there is a full valuation allowance are excluded from the worldwide effective tax rate calculation and are calculated separately. Under ASC 740-10, we provide for UTPs and the related interest expense by adjusting unrecognized tax benefits and accrued interest accordingly. We recognize potential interest and penalties related to UTPs in income tax expense. As of March 28, 2026 and December 31, 2025, we had a liability for unrecognized tax benefits without regard to accrued interest of $46.7 million and $47.5 million, respectively. We continually evaluate our global cash needs and have historically maintained a partial indefinite reinvestment assertion on our post-2017 undistributed foreign earnings.
|