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Income Taxes
3 Months Ended
Apr. 04, 2021
Income Tax Disclosure [Abstract]  
Income Taxes Income TaxesThe income tax provision is calculated using an estimated annual effective tax rate, based upon expected annual income, permanent items, statutory rates and planned tax strategies in the various jurisdictions in which the Company operates. However, losses in certain jurisdictions and discrete items, such as the resolution of uncertain tax positions, are treated separately.The Company’s effective income tax rate for the first quarter of 2021 was 16.4%. The Companys effective income tax rate for the first quarter of 2020 was 18.6%. The first quarter of 2021 includes net discrete income tax benefits of $6.3 million, of which $4.8 million related to share-based accounting. The first quarter of 2020 includes net discrete income tax benefits of $4.2 million, of which $4.7 million related to share-based accounting. Excluding the net discrete income tax benefits in both periods, the effective tax rates would have been 22.6% for the first quarter of 2021 and 22.8% for the first quarter of 2020.