Income Taxes

6 Months Ended

Sep. 30, 2023

Income Tax Disclosure [Abstract]

Income Taxes

10. Income Taxes

For the three months ended September 30, 2023 and October 1, 2022, the Company recorded $14.8 million and $48.1 million of income tax expense and had an effective tax rate of 24.5% and 25.0%, respectively. For the six months ended September 30, 2023 and October 1, 2022, the Company recorded $32.0 million and $88.5 million of income tax expense and had an effective tax rate of 24.8% and 25.3%, respectively.

The Company’s effective tax rate for the three and six months ended September 30, 2023 differs from the federal statutory income tax rate of 21.0% due primarily to the effect of state and local income taxes, non-deductible expenses, tax credits, and results in foreign jurisdictions. The Company’s effective tax rate for the three and six months ended October 1, 2022 differs from the federal statutory income tax rate of 21.0% due primarily to the effect of state and local income taxes, non-deductible expenses, tax credits, and results in foreign jurisdictions.

At September 30, 2023, the Company had no unrecognized tax benefits.