Income Taxes

9 Months Ended

Sep. 30, 2022

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The effective income tax rate for the Company was a benefit of 18.9% and 14.2% for the three months and nine months ended September 30, 2022, as compared to a benefit of 11.3% and 10.6% for the three months and nine months ended September 24, 2021. The change in the effective tax rate for the three months and nine months ended September 30, 2022, and the difference from the U.S. federal statutory rate of 21%, were primarily the result of allocation of income between jurisdictions, a benefit from R&D tax credits, a change in the state deferred rate and an expense related to vesting of restricted stock units.

Income tax benefit was $238 and $762 during the three months and nine months ended September 30, 2022, compared to a benefit of $2,729 and $3,373 during the three months and nine months ended September 24, 2021.