Income Taxes |
6 Months Ended |
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Jun. 27, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | 6. Income Taxes The Company’s effective tax rate for the three months ended June 27, 2026 and June 28, 2025 was 23.0% and 24.6%, respectively, after discrete items. The change in the Company’s effective tax rate was primarily driven by lower state taxes. The Company’s effective tax rate for the six months ended June 27, 2026 and June 28, 2025 was 22.8% and 24.3%, respectively. The change in the Company’s effective tax rate was primarily driven by lower state taxes. The Company will recognize a tax benefit in the financial statements for an uncertain tax position only if the Company’s assessment is that the position is “more likely than not” (i.e., a likelihood greater than 50 percent) to be allowed by the tax jurisdiction based solely on the technical merits of the position. The term “tax position” refers to a position in a previously filed tax return or a position expected to be taken in a future tax return that is reflected in measuring current or deferred income tax assets and liabilities for financial reporting purposes. There were uncertain tax positions of $0.5 million as of both June 27, 2026 and December 31, 2025. In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities and projected future taxable income in making this assessment. Management evaluates the need for valuation allowances on the deferred tax assets according to the provisions of ASC 740, Income Taxes. In making this determination, the Company assesses all available evidence (positive and negative) including recent earnings, internally-prepared taxable income projections, and historical financial performance.
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