Income Taxes

3 Months Ended

Sep. 27, 2019

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The Company recorded an income tax benefit of $2,018 and an income tax provision of $3,129 on income from operations before income taxes of $17,229 and $10,608 for the first quarters ended September 27, 2019 and September 30, 2018, respectively.

During the first quarters ended September 27, 2019 and September 30, 2018, the Company recognized a discrete tax benefit of $6,127 and $1,649, respectively, related to excess tax benefits on stock-based compensation. The effective tax rate for the first quarters ended September 27, 2019 and September 30, 2018 differed from the Federal statutory rate primarily due to Federal

research and development credits, excess tax benefits related to stock compensation, a modified territorial tax system and a minimum tax on certain foreign earnings, and state taxes. The effective tax rate for the first quarter ended September 30, 2018 included an adjustment to the Company's unrecognized tax positions of $1,711.

During the first quarter ended September 27, 2019, there were no material changes made to the Company’s unrecognized tax positions.