v3.26.3
Income Taxes
6 Months Ended
Sep. 26, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Company’s effective tax rate for the three and six months ended September 26, 2026 was 38.6% and (1.0)%, respectively. The effective rate for the three months ended September 26, 2026 differs from the United Kingdom statutory rate of 25% (the “UK Rate”) primarily due to incremental valuation allowances and uncertain tax provisions recorded during the period partially offset by a beneficial geographic mix of earnings. The effective rate for the six months ended September 26, 2026 differs from the UK Rate primarily due to the net reduction in the Company’s valuation allowance as a result of the restructuring of certain legal entities completed during the period.
The Company’s effective tax rate for the three months ended September 27, 2025 was not meaningful due to the impact of incremental valuation allowances recorded and the disproportionate effect of low pre-tax income during the period. The Company’s effective tax rate of 47.6% for the six months ended September 27, 2025 differs from the UK Rate primarily due to the impact of incremental valuation allowances recorded during the period.