Income Taxes

9 Months Ended

Sep. 24, 2021

Income Tax Disclosure [Abstract]

Income Taxes

Income TaxesThe effective income tax rate for the Company was a benefit of 11.3% and 10.6% for the three and nine months ended September 24, 2021, respectively, as compared to a benefit of 97.9% and 22.4% for the three and nine months ended September 25, 2020, respectively. The change in the effective tax rate for the three and nine months ended September 24,

2021, and the difference from the U.S. federal statutory rate of 21% was primarily the result of discrete items recognized related to one-time transaction costs and a payment to pre-IPO owners in lieu of TRA participation along with the adjustment of deferred tax liabilities and the benefit of certain tax credits.

Income tax benefit was $2,729 during the three months ended September 24, 2021, compared to income tax benefit of $694 during the three months ended September 25, 2020. Income tax benefit was $3,373 during the nine months ended September 24, 2021, compared to income tax benefit of $6,025 during the nine months ended September 25, 2020.