Note 9 - Income Taxes

6 Months Ended

Oct. 01, 2022

Notes to Financial Statements

Income Tax Disclosure [Text Block]

9. Income Taxes

The Company’s effective tax rate was 23.4% and 23.8% for the six months ended October 1, 2022 and October 2, 2021 respectively. The effective tax rate decreased in the current six-month interim period primarily due to the impact of federal credits, which decreased the effective rate by 0.8%. The overall rate decrease was partially offset by increases in permanent differences of 0.2% and state tax rates of 0.1% as compared to the prior year six-month interim period.