Income Taxes	6 Months Ended
Jun. 27, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Note 7. Income Taxes The income tax provision for the three and six months ended June 27, 2021 was $4.4 million, or an effective tax rate of 19.7% and $12.2 million, or an effective tax rate of 23.0%, respectively. The income tax provision for the three and six months ended June 28, 2020 was $3.2 million, or an effective tax rate of 35.2% and $3.8 million, or an effective tax rate of 67.5%, respectively. The increases in tax expense for the three and six months ended June 27, 2021, compared to the prior year periods, were due primarily to higher pre-tax earnings. The increase in tax expense for the three months ended June 27, 2021, compared to the prior year period, was partially offset by tax benefits related to stock-based compensation and non-taxable income related to adjustments to acquisition-related contingent accruals. For the three and six months ended June 28, 2020, tax expenses were increased by valuation allowances recorded on investment impairments during the period as well as the impact of limitations of current and future stock based compensation deductions for certain executive officers under IRC section 162(m). The Company is subject to income taxes in the U.S. and numerous foreign jurisdictions. The future foreign tax rate could be affected by changes in the composition in earnings in countries with tax rates differing from the U.S. federal rate. The Company is under examination in various U.S. and foreign jurisdictions. The Company files income tax returns in the U.S. federal jurisdiction as well as various state, local, and foreign jurisdictions. Due to the uncertain nature of ongoing tax audits, the Company has recorded its liability for uncertain tax positions as part of its long-term liability as payments cannot be anticipated over the next twelve months. The existing tax positions of the Company continue to generate an increase in the liability for uncertain tax positions. The liability for uncertain tax positions may be reduced for liabilities that are settled with taxing authorities or on which the statute of limitations could expire without assessment from tax authorities. The possible reduction in liabilities for uncertain tax positions in multiple jurisdictions in the next twelve months is approximately $0.5 million, excluding the interest, penalties and the effect of any related deferred tax assets or liabilities. The Company is currently under examination by the U.S. Internal Revenue Service for its fiscal year ended December 31, 2018 as well as other state, local and foreign jurisdictions for different years. On March 11, 2021, the American Rescue Plan Act of 2021, also known as the COVID-19 Stimulus Package, was signed into law. The provisions of the American Rescue Plan do not have a material impact on income taxes or liquidity in the current year.

Income Taxes

6 Months Ended

Jun. 27, 2021

Note 7. Income Taxes

The income tax provision for the three and six months ended June 27, 2021 was $4.4 million, or an effective tax rate of 19.7% and $12.2 million, or an effective tax rate of 23.0%, respectively. The income tax provision for the three and six months ended June 28, 2020 was $3.2 million, or an effective tax rate of 35.2% and $3.8 million, or an effective tax rate of 67.5%, respectively. The increases in tax expense for the three and six months ended June 27, 2021, compared to the prior year periods, were due primarily to higher pre-tax earnings. The increase in tax expense for the three months ended June 27, 2021, compared to the prior year period, was partially offset by tax benefits related to stock-based compensation and non-taxable income related to adjustments to acquisition-related contingent accruals. For the three and six months ended June 28, 2020, tax expenses were increased by valuation allowances recorded on investment impairments during the period as well as the impact of limitations of current and future stock based compensation deductions for certain executive officers under IRC section 162(m).

The Company is subject to income taxes in the U.S. and numerous foreign jurisdictions. The future foreign tax rate could be affected by changes in the composition in earnings in countries with tax rates differing from the U.S. federal rate. The Company is under examination in various U.S. and foreign jurisdictions.

The Company files income tax returns in the U.S. federal jurisdiction as well as various state, local, and foreign jurisdictions. Due to the uncertain nature of ongoing tax audits, the Company has recorded its liability for uncertain tax positions as part of its long-term liability as payments cannot be anticipated over the next twelve months. The existing tax positions of the Company continue to generate an increase in the liability for uncertain tax positions. The liability for uncertain tax positions may be reduced for liabilities that are settled with taxing authorities or on which the statute of limitations could expire without assessment from tax authorities. The possible reduction in liabilities for uncertain tax positions in multiple jurisdictions in the next twelve months is approximately $0.5 million, excluding the interest, penalties and the effect of any related deferred tax assets or liabilities. The Company is currently under examination by the U.S. Internal Revenue Service for its fiscal year ended December 31, 2018 as well as other state, local and foreign jurisdictions for different years.

On March 11, 2021, the American Rescue Plan Act of 2021, also known as the COVID-19 Stimulus Package, was signed into law. The provisions of the American Rescue Plan do not have a material impact on income taxes or liquidity in the current year.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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