Note 8 - Income Taxes

9 Months Ended

Dec. 28, 2024

Notes to Financial Statements

Income Tax Disclosure [Text Block]

8. Income Taxes

The Company’s effective tax rate was 23.2% and 23.8% for the nine months ended December 28, 2024 and December 30, 2023, respectively. The effective tax rate decreased in the current nine-month period as compared to the prior year nine-month period driven primarily by the impact of federal credits which reduced the effective rate by 0.4% and interest received on a federal income tax refund which reduced the effective tax rate by 0.2%.