Note 9 - Income Taxes

3 Months Ended

Jul. 02, 2022

Notes to Financial Statements

Income Tax Disclosure [Text Block]

9. Income Taxes

The Company’s effective tax rate was 24.2% and 24.0% for the three months ended July 2, 2022 and July 3, 2021 respectively. The effective tax rate was increased in the current interim period by 0.4% from state income tax rate changes, 0.2% for permanent differences and 0.2% for interest and penalties. These increases were partially offset by a 0.6% decrease in the rate impact of federal credits.