Income Taxes |
3 Months Ended |
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Jul. 01, 2023 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 9. Income Taxes For the three months ended July 1, 2023 and July 2, 2022, the Company recorded $17.3 million and $40.4 million of income tax expense and had an effective tax rate of 25.2% and 25.7%, respectively. The Company’s effective tax rate for the three months ended July 1, 2023 differs from the federal statutory income tax rate of 21.0% due primarily to the effect of state and local income taxes, non-deductible expenses, tax credits, and results in foreign jurisdictions. The Company’s effective tax rate for the three months ended July 2, 2022 differs from the federal statutory income tax rate of 21.0% due primarily to the effect of state and local income taxes, non-deductible expenses, tax credits, and results in foreign jurisdictions. At July 1, 2023, the Company had no unrecognized tax benefits. |