Income Taxes |
9 Months Ended |
|---|---|
Sep. 27, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes For the three and nine months ended September 27, 2026, we recognized an income tax benefit (expense) of $14.2 million and $(14.2) million representing effective tax rates of 55.5% and 11.6%, respectively. The effective tax rates were primarily impacted by the loss before taxes for the three months ended September 27, 2026 and the effect of our foreign operations, including statutory tax rate differences and foreign tax credits. As described in Note 3, during the three months ended September 27, 2026, we completed the nontaxable business combination of Ruckus. In connection with the transaction, we recognized $175.0 million in deferred tax liabilities related to certain fair market value adjustments to the preliminary values of assets acquired and liabilities assumed. On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was enacted, which includes international tax changes, permanent extensions of most expiring Tax Cuts and Jobs Act provisions, and changes in the treatment of research and development and amortization expense deductions. We have included the impact of international tax changes effective from January 1, 2026 and continue to evaluate the impact of the act on our consolidated financial statements and disclosures. For the three and nine months ended September 28, 2025, we recognized income tax expense of $(7.6) million and $(23.4) million, respectively, representing effective tax rates of 11.8% and 12.1%, respectively. The effective tax rates were primarily impacted by the release of an uncertain tax position reserve related to certain foreign tax credits and by the effect of our foreign operations, including statutory tax rate differences and foreign tax credits.
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