Note 8 - Income Taxes |
6 Months Ended | ||
|---|---|---|---|
Sep. 26, 2026 | |||
| Notes to Financial Statements | |||
| Income Tax Disclosure [Text Block] |
The Company’s effective tax rate was 24.5% and 23.6% for the six months ended September 26, 2026 and September 27, 2025, respectively. The prior year period benefited from a larger impact of statute expirations for a portion of uncertain tax benefits as compared to the current period, thereby increasing the effective tax rate by 0.4% on a comparative basis. The prior year period also benefited from a decrease in the valuation allowance related to the usage of state tax credits which increased the effective tax rate by 0.3% on a comparative basis. There were no other significant items impacting the change in effective tax rate.
The Company's federal income tax returns for fiscal years after are subject to examination. The Company is currently involved in two state income tax audits covering fiscal year through fiscal year 2025. The Company is current on its federal and state tax returns.
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