Income Taxes

3 Months Ended

Apr. 03, 2020

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

	For the three months ended
	April 3, 2020			March 29, 2019
Provision for income taxes	$	920		$	2,601
Effective tax rates	9.5		%	12.4		%

For the three months ended April 3, 2020, the difference between the Company's effective tax rate of 9.5% and the 21% federal statutory rate resulted primarily from a lower tax rate on foreign derived intangible income, research and development credits, and a reduction of Switzerland withholding tax. These benefits were partially offset by state taxes, global low-tax intangible income tax and nondeductible expenses. There was a $40 excess benefit related to stock-based compensation.

For the three months ended March 29, 2019, the difference between the Company's effective tax rate of 12.4% and the 21% federal statutory rate resulted primarily from lower foreign tax rates, lower effective federal rates on foreign derived intangible income, research and development credits, and $1,825 from excess benefits related to the exercise of stock options. These benefits were partially offset by state taxes, foreign withholding taxes and the impact of nondeductible expenses.

We do not expect the results from any ongoing income tax audit to have a material impact on our consolidated financial condition, results of operations, or cash flows.