Income Taxes

3 Months Ended

Mar. 29, 2025

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The Company’s effective tax rate includes state income taxes, foreign tax rate differentials and changes in the valuation allowance. The following table sets forth the effective tax rate for the three months ended March 29, 2025 and March 30, 2024:

	Three Months Ended
	March 29, 2025		March 30, 2024
Effective tax rate	(18.9)	%	14.9	%

The Company’s effective tax rate varied from the statutory tax rate primarily due to state income taxes, foreign tax rate differentials and changes in the valuation allowance. The change in the effective tax rate for the three months ended March 29, 2025 compared to the three months ended March 30, 2024 is primarily due to the increase in pre-tax book losses and a decrease in long term-compensation related expenses.