Income Taxes |
3 Months Ended |
---|---|
Mar. 29, 2019 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Income Taxes During the three months ended March 29, 2019, Loss from continuing operations before income taxes was $48.1 million, while the income tax benefit was $3.6 million. The effective tax rate was 7.4% for the three months ended March 29, 2019. The effective tax rate for the three months ended March 29, 2019 differed from the 2019 U.S. federal statutory rate of 21% mainly due to losses in certain jurisdictions where a tax benefit is not expected to be recognized in 2019, and a $6.7 million unfavorable discrete U.S. income tax expense due to a change in valuation allowance as a result of the DJO Acquisition. During the three months ended March 30, 2018, Income from continuing operations before income taxes was $37.9 million, while the Provision for income taxes was $6.0 million and the effective tax rate was 15.8%. The effective tax rate differs from the 2018 U.S. federal statutory rate of 21% mainly due to a net discrete tax benefit of $6.1 million primarily associated with a South American jurisdiction offset in part by international taxes which are higher than the U.S. tax rate, losses in certain jurisdictions where a tax benefit is not expected to be recognized in 2018 and U.S. tax on certain foreign earnings including GILTI. |