v3.26.1
Income Taxes
 6 Months Ended
Jun. 28, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The following table summarizes the effective income tax rate for the three and six-month fiscal periods ended June 28, 2026 and June 29, 2025:
Three-Month Fiscal Period Ended Six-Month Fiscal Period Ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
Effective Income Tax Rate
27.3 %26.2 %26.2 %26.2 %
The effective income tax rate represents the combined federal and state tax effects attributable to pre-tax earnings for the period. The effective income tax rate for the three-month fiscal period ended June 28, 2026 increased when compared to the corresponding rate in the prior year period, primarily driven by higher state tax costs and an increase in non-deductible executive compensation expense resulting from the Company's transition to a publicly traded company in 2026 and the application of the executive compensation deduction limitations under applicable U.S. tax laws.
The effective income tax rate for the six-month fiscal period ended June 28, 2026 remained flat when compared to the corresponding rate in the prior year period, primarily driven by an increase in state tax costs and an increase non-deductible executive compensation as discussed above, offset by a larger excess tax benefit from stock-based compensation and an increase in research and development tax credits.