Note 8 - Income Taxes

3 Months Ended

Jun. 29, 2024

Notes to Financial Statements

Income Tax Disclosure [Text Block]

8. Income Taxes

The Company’s effective tax rate was 23.3% and 23.6% for the three months ended June 29, 2024 and July 1, 2023, respectively. The effective tax rate decreased in the current interim period as compared to the prior year quarter driven by interest received on a federal income tax refund which reduced the effective tax rate by 0.7%, partially offset by the impact of state rate changes driven by apportionment which increased the effective rate by 0.4%.