Income Taxes |
9 Months Ended | ||||||||||||||||||||||||||||||||||||
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Sep. 26, 2026 | |||||||||||||||||||||||||||||||||||||
| Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||
| Income Taxes | J. Income Taxes
The following table presents the Company’s effective income tax rates for the thirteen and thirty-nine weeks ended September 26, 2026 and September 27, 2025:
For the thirteen weeks ended September 26, 2026, the Company recorded an income tax provision, resulting in an effective tax rate of 26.7%. For the thirty-nine weeks ended September 26, 2026, the Company recorded an income tax benefit, resulting in an effective tax rate of 12.4%. For the thirteen and thirty-nine weeks ended September 27, 2025, the Company recorded an income tax provision, resulting in an effective tax rate of 28.1% and 28.8%, respectively. The change in the effective tax rate period over period was primarily driven by a pre‑tax loss in the first quarter of 2026 compared to pre‑tax income in the first quarter of 2025, as well as changes in the impact of non‑deductible expenses.
The Company’s practice is to classify interest and penalties related to income tax matters in income tax expense. As of September 26, 2026 and December 27, 2025, the Company had approximately $0.1 million accrued for interest and penalties recorded in other liabilities.
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