Provision for Income Taxes |
6 Months Ended |
|---|---|
Jul. 04, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Provision for Income Taxes | Provision for Income Taxes The provision for income taxes was $23,324,000 in the first six months of 2026 and $17,650,000 in the first six months of 2025. The effective tax rate of 28.4% in the first six months of 2026 was higher than the Company’s statutory rate of 21% primarily due to the distribution of the Company’s worldwide earnings, state taxes, and nondeductible expenses. The effective tax rate of 25.7% in the first six months of 2025 was higher than the Company's statutory rate of 21% primarily due to nondeductible expenses, the distribution of the Company's worldwide earnings, and state taxes. These items were offset in part by net excess income tax benefits from stock-based compensation arrangements.
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