Income Taxes

3 Months Ended

Mar. 28, 2020

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

Income tax benefit was $3.3 million and $1.4 million on pre-tax loss from continuing operations of $30.7 million and $24.1 million for the three months ended March 28, 2020 and March 30, 2019, respectively. The effective income tax rates were 10.7% and 5.8% for the three months ended March 28, 2020 and March 30, 2019, respectively.

The effective tax rate for the three months ended March 28, 2020 varied from the effective tax rate for the three months ended March 30, 2019 due primarily to a release of uncertain tax positions in the first quarter of 2020.

        The Tax Cuts and Jobs Act enacted new Section 163(j) interest expense limitation rules on December 22, 2017. On November 26, 2018, the U.S. Department of the Treasury released proposed regulations to provide interpretative guidance for the new Section 163(j) rules, with early adoption permitted, but such regulations have not been finalized. We have not adopted the proposed regulations. If the proposed regulations are finalized as currently written, they could have a material impact to our Consolidated Financial Statements in the year in which they are finalized.