Income Taxes |
3 Months Ended |
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Oct. 03, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Note 14. Income Taxes The Company recorded an income tax provision of $11.9 million and $19.0 million for the three months ended October 3, 2026 and September 27, 2025, respectively. The income tax provision for the three months ended October 3, 2026 primarily relates to income taxes in certain foreign jurisdictions based on the Company’s forecasted pre-tax income. The income tax provision for the three months ended September 27, 2025 primarily relates to income tax in certain foreign jurisdictions based on the Company’s forecasted pre-tax income or loss and a $9.7 million provision related to a revaluation of the Company’s deferred tax assets due to a change in the German corporate income tax rate. The income tax provision recorded differs from the expected tax provision that would be calculated by applying the federal statutory tax rate to the Company’s income before income taxes primarily due to the changes in valuation allowance for deferred tax assets attributable to the Company’s domestic and foreign earnings. As of October 3, 2026 and June 27, 2026, the Company’s unrecognized tax benefits (net of Federal benefits) totaled $41.1 million and $41.0 million, respectively, and are included in deferred taxes and other non-current tax liabilities. The Company had $2.9 million accrued for the payment of interest and penalties as of October 3, 2026. The timing and resolution of income tax examinations is uncertain, and the amounts ultimately paid, if any, upon resolution of issues raised by the taxing authorities may differ from the amounts accrued for each year.
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