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Subsequent Event
6 Months Ended
Jul. 01, 2023
Subsequent Event  
Subsequent Event

11.Subsequent Event

In July 2023, the U.S. Treasury Department released IRS Notice 2023-55, which temporarily relieves taxpayers from the application of certain foreign tax credit Treasury regulations until January 1, 2024. The Company estimates that it will recognize a net tax benefit of approximately $3.3 million as a result, most of which will be recognized in the third quarter of 2023.