Income Taxes

6 Months Ended

Jun. 25, 2022

Income Taxes

Income Taxes

15. Income Taxes

The tax (expense) benefit and the effective tax rate resulting from operations were as follows:

	13 Weeks Ended						26 Weeks Ended
(In thousands)	June 25, 2022			June 26, 2021			June 25, 2022			June 26, 2021
Income before income taxes	$	(39,391)		$	(663)		$	(32,623)		$	15,089
Effective income tax (expense) benefit	$	9,106		$	(676)		$	6,395		$	(4,716)
Effective tax rate		23.1	%		(102.0)	%		19.6	%		31.3	%

The effective tax rates for the 13 weeks and 26 weeks ended June 25, 2022 and June 26, 2021 differ from the U.S. federal statutory income tax rate of 21% primarily due to changes in earnings, nondeductible equity-based compensation, limitation on the deduction of executive compensation for public companies, various discrete items including the impairment of goodwill and state taxes.