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Income Taxes
3 Months Ended
Apr. 01, 2023
Income Tax Disclosure [Abstract]  
Income Taxes Income TaxesThe effective tax rate for the three months ended April 1, 2023 was 18.5%, compared to the effective tax rate for the three months ended April 2, 2022 of 12.4%. The effective tax rate for the first quarter of 2023 is higher than the effective tax rate for the comparable 2022 period, primarily due to the impact in the 2022 period of a one-time deduction that resulted in a net benefit of $7.2 million from the dissolution of one of the Company’s affiliates. The effective tax rates for both periods were lower than the applicable U.S. statutory tax rate primarily due to income earned in lower tax jurisdictions, while for the 2022 period, the effective tax rate also was lower due to the impact of the one-time deduction referred to in the preceding sentence.