INCOME TAXES |
9 Months Ended |
|---|---|
Sep. 26, 2026 | |
| INCOME TAXES | |
| INCOME TAXES | (9) INCOME TAXES The Company recorded income tax expense of $41,821 and $120,925 for the thirteen and thirty-nine weeks ended September 26, 2026, respectively, and recorded income tax expense of $30,424 and $83,503 for the thirteen and thirty-nine weeks ended September 27, 2025. The Company’s effective income tax rate was 25.6% and 25.7% for the thirteen and thirty-nine weeks ended September 26, 2026, respectively, compared to 23.1% and 31.1% for the thirteen and thirty-nine weeks ended September 27, 2025. The thirty-nine weeks ended September 27, 2025 included $64,869 of goodwill impairments that had no associated tax benefit as they were non-deductible for income tax purposes. See Note 5 for further information on goodwill impairments. In the fourth quarter of fiscal 2025, the Company completed a legal entity reorganization that resulted in a deemed liquidation of the former Prospera business. In connection with this restructuring, the Prospera shares were determined to be worthless under Internal Revenue Code Section 165(g)(1), resulting in the recognition of a federal income tax benefit of approximately $66,094. |