INCOME TAXES |
3 Months Ended |
|---|---|
Mar. 28, 2026 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES | 11. INCOME TAXES The effective income tax rate for the fiscal quarter ended March 28, 2026 was 24.8%, compared to 40.6% for the fiscal quarter ended March 29, 2025. The differences between the U.S. federal statutory income tax rate and the Company's effective income tax rates for the fiscal quarter ended March 28, 2026 and the fiscal quarter ended March 29, 2025 were primarily attributable to the discrete impact of stock-based compensation expense for which there is no associated tax benefit and the effects of branch accounting for Latham Canada. On July 4, 2025, the One Big Beautiful Bill Act ("OBBBA") was enacted in the U.S. The OBBBA maintained the 21% corporate tax rate and makes permanent many of the beneficial expired and expiring tax provisions originally enacted in the Tax Cuts and Jobs Act of 2017, including the immediate expensing of domestic research and development expenditures, more favorable interest deductions and 100% bonus depreciation with effective dates during the year ended December 31, 2025. Revisions to the international tax framework are effective in the year ending December 31, 2026. The OBBBA did not have a material impact on the Company's effective tax rate.
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