INCOME TAXES

6 Months Ended

Jun. 29, 2019

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES

The effective tax rate for the three months ended June 29, 2019 was 19.6% versus 21.4% for the three months ended June 30, 2018. The effective tax rate for the six months ended June 29, 2019 was 19.6% versus 21.2% for the six months ended June 30, 2018. The change in the effective tax rate for the three months ended June 29, 2019 was primarily driven by the Research & Development Credit and the mix of earnings. The change in the effective tax rate for the six months ended June 29, 2019 was primarily driven by the divestiture of business and the impairments recognized along with the mix of earnings.

As of June 29, 2019 and December 29, 2018, the Company had approximately $9.7 million and $6.5 million, respectively, of unrecognized tax benefits, all of which would impact the effective income tax rate if recognized. Potential interest and penalties related to unrecognized tax benefits are recorded in income tax expense.

With few exceptions, the Company is no longer subject to US Federal and state/local income tax examinations by tax authorities for years prior to 2014, and the Company is no longer subject to non-US income tax examinations by tax authorities for years prior to 2012.