v3.26.1
Income Taxes
6 Months Ended
Jun. 26, 2026
Income Tax Disclosure [Abstract]  
Income Taxes
Note 6 – Income Taxes
Income tax information for the periods reported is as follows:
Three Months EndedSix Months Ended
June 26,
2026
June 27,
2025
June 26,
2026
June 27,
2025
Income tax expense$4,412 $2,740 $6,965 $4,400 
Income (loss) before income taxes$5,410 $(6,668)$5,494 $(9,567)
Effective income tax rate81.6 %(41.1)%126.8 %(46.0)%
Our effective tax rate for the three and six months ended June 26, 2026 differs from the statutory rate primarily due to the forecasted mix of earnings in domestic and international jurisdictions, taxes on foreign income that differs from the U.S. tax rate, the ending of the Singapore tax holiday at the end of the first quarter of 2026 and the impact of a valuation allowance against U.S. deferred tax assets.
The ending balance of unrecognized tax benefits for uncertain tax positions was approximately $4.1 million as of June 26, 2026. The related interest was insignificant, and the related penalties were $0.7 million.
As of June 26, 2026, we were under examination by California tax authorities for fiscal years 2020-2022.