Income Taxes |
9 Months Ended |
|---|---|
Oct. 02, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes During the three and nine months ended October 2, 2026, Income from continuing operations before income taxes was $55.4 million and $168.4 million, respectively, while Income tax expense was $13.3 million and $38.1 million, respectively. The effective tax rate was 23.9% and 22.6% for the three and nine months ended October 2, 2026, respectively. The effective tax rate differed from the 2026 U.S. federal statutory rate of 21.0% primarily due to the tax effects related to the Eddyfi transaction. During the three and nine months ended October 3, 2025, Income from continuing operations before income taxes was $83.0 million and $264.2 million, respectively, while Income tax expense was $17.7 million and $56.5 million, respectively. The effective tax rate was 21.3% and 21.4% for the three and nine months ended October 3, 2025, respectively. The effective tax rate differed from the 2025 U.S. federal statutory rate of 21.0% primarily due to the impact of a law change in a foreign jurisdiction and withholding tax offset by a release of a valuation allowance in a foreign jurisdiction.
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