Income Taxes |
9 Months Ended |
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Sep. 27, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes The Company’s effective tax rate increased to 25.1% for the thirteen weeks ended September 27, 2026, compared to 24.0% for the thirteen weeks ended September 28, 2025. The increase in the effective tax rate was primarily driven by a reduction in the benefit for transferable tax credits, a reduction in the benefit of federal tax credits, and a reduction in the benefit for share-based compensation in the current year, partially offset by a decrease in non-deductible executive compensation. The income tax effect resulting from excess tax benefits of share-based payment awards was $1.1 million and $1.3 million for the thirteen weeks ended September 27, 2026 and September 28, 2025, respectively. The Company’s effective tax rate increased to 24.9% for the thirty-nine weeks ended September 27, 2026, compared to 23.2% for the thirty-nine weeks ended September 28, 2025. The increase in the effective tax rate was primarily driven by a reduction in the benefit for share-based compensation, a reduction in the benefit for transferable tax credits, and a reduction in the benefit of federal tax credits in the current year partially offset by a decrease in non-deductible executive compensation. The income tax effect resulting from excess tax benefits of share-based payment awards was $5.7 million and $15.7 million for the thirty-nine weeks ended September 27, 2026 and September 28, 2025, respectively. The Company files income tax returns for federal purposes and in many states. The Company’s tax filings remain subject to examination by applicable tax authorities for a certain length of time, generally three years, following the tax year to which those filings relate.
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