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Income Taxes
9 Months Ended
Aug. 29, 2021
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
The Company's effective income tax rate was 4.8% for the three months ended August 29, 2021 and reflects a $9.7 million income tax expense recorded on $203.0 million of income before income taxes. The effective income tax rate for the three months ended August 23, 2020 was 47.6% and reflects a $24.6 million income tax expense recorded on $51.6 million of income before income taxes. The lower effective tax rate in 2021 was primarily driven by benefit from the foreign derived intangible income deduction on an internal restructuring. The higher effective tax rate in the prior year resulted from a reduction of the U.S. federal net operating loss available to carryback.
The Company's effective income tax rate was 3.1% for the nine months ended August 29, 2021 and reflects a $12.8 million income tax expense recorded on $413.4 million of income before income taxes. The effective income tax rate for the nine months ended August 23, 2020 was 24.0% and reflects a $57.9 million income tax benefit recorded on $241.7 million of losses before income taxes. The effective tax rate for the nine months ended August 29, 2021 was favorably impacted by tax benefit attributable to employees exercising stock-based equity awards and the foreign derived intangible income deduction that was not available in prior year.