Income Taxes |
6 Months Ended |
|---|---|
Jun. 27, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes The Company accounts for income taxes in interim periods using an income statement approach in accordance with ASC 740-270. Under this approach, the interim income tax provision is determined by estimating the annual effective tax rate expected to be applicable for the full fiscal year and applying that rate to year to date ordinary income (or loss). For the 13 weeks ended June 27, 2026 and June 28, 2025, the Company’s effective tax rate of 27.5% and 25.4%, respectively, differs from the U.S. federal statutory rate of 21% primarily due to state and local income taxes. For the 26 weeks ended June 27, 2026, the Company’s effective tax rate of 75.3% differs from the U.S. federal statutory rate of 21% primarily due to discrete state and local tax items, the impact of which is magnified by the 26 weeks ended June 27, 2026 pretax income. For the 26 weeks ended June 28, 2025, the Company’s effective tax rate of 24.1% differs from the U.S. federal statutory rate of 21% primarily due to state and local income taxes on ordinary income.
|